This is topic EPYH - Initiates $500,000 Stock Buy Back Plan in forum Micro Penny Stocks, Penny Stocks $0.10 & Under at Allstocks.com's Bulletin Board.


To visit this topic, use this URL:
http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/8/t/014505.html

Posted by kt325ci on :
 
Empyrean Holdings Inc. Initiates $500,000 Stock Buy Back Plan
Jun 15, 2005 9:45:00 AM
Copyright Business Wire 2005
HOUSTON--(BUSINESS WIRE)--June 15, 2005--

Empyrean Holdings Inc. (OTCBB:EPYH), a national real estate holding firm, has authorized the repurchase of up to $500,000 of the firm's outstanding stock. Over the next several months, Empyrean will carry out these purchases either on the open market or through private transactions.

Management believes that the firm's shares of outstanding common stock represent an excellent, and undervalued, investment and it would be prudent for the company to return these shares to treasury at this time.

CEO Robert L. Lee confirmed, "After conducting a close analysis, we have come to the conclusion that our current share price does not accurately reflect the value of the company. The market value of our real estate holdings significantly exceeds the market capitalization of the company. As a result, we believe it would be irresponsible if we did not buy back stock at this time. In fact, we would be foolish not to."

Depending on market conditions and other factors, these purchases may be commenced or suspended at any time without prior notice. The shares of common stock are being purchased to return the shares to treasury for corporate purposes and to improve the company's financial position. In the meantime, Empyrean's real estate analysts will continue to evaluate and acquire promising high return investment properties in the hottest markets throughout the country.

Note: "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.

Source: Empyrean Holdings Inc.
 
Posted by mr money on :
 
Nice news release--this should pop with that news.
 
Posted by kt325ci on :
 
Full Disclosure. I'm in at .0051 and .0055 so I hope it runs.
 
Posted by kt325ci on :
 
wow!!!! BxA is now .0064x.0065
 
Posted by kt325ci on :
 
.0069x.007

come on pennyland!
 
Posted by bmarley5780 on :
 
it comin
 
Posted by kt325ci on :
 
The HOD so far is .0073 and I was looking at the chart and HOD on 6/6/05 was .0073 as well. Looks like we have a little resistance at that level.

MM's are shaking the tree at the moment.

The chart is looking bullish. RSI is moving over 50 and a MACD crossover should happen soon.

http://stockcharts.com/def/servlet/SC.web?c=EPYH,uu[m,a]daclyyay[da][pb50!b200!f][vc60][iut!Ub14!La12,26,9]&pref=G
 
Posted by bmarley5780 on :
 
MACD is crossed.........
 
Posted by kt325ci on :
 
starting to get some volume again.
bxa .0064x.0065

L2
bid
2x.0064
2x.0063
3x.006

ask
2x.0065
1x.0066
3x.007
 
Posted by bmarley5780 on :
 
gooin
 
Posted by pensandoenti67 on :
 
come on 1
 
Posted by bmarley5780 on :
 
comon 01
 
Posted by pcloadletter on :
 
will this be a good hold overnight.

(Flipping issues today)
 
Posted by kt325ci on :
 
Just got back from lunch....sweet!

BxA .0079x.008

Are you in this bmarley?
 
Posted by kt325ci on :
 
It hit .0088. I knew it would do well if it could break the .0073 resistance. I'm holding over night for sure.
 
Posted by kt325ci on :
 
Only 3 mm's below a penny!
 
Posted by kt325ci on :
 
We hit a PENNY!!!
 
Posted by pcloadletter on :
 
how high expected....too late to buy in
 
Posted by bmarley5780 on :
 
was in,,,, got out 0099
 
Posted by kt325ci on :
 
good trade bmarley. I'm holding overnight.
 
Posted by bmarley5780 on :
 
i would expect it to gap in the AM

i would have held but i would be near a computer tomorrow....
 
Posted by kt325ci on :
 
Let's hope that the run continues today!
 
Posted by kt325ci on :
 
Empyrean Holdings Inc. to Invest $5 Million in Commercial/Retail Properties in Wisconsin
Jun 16, 2005 9:45:00 AM
Copyright Business Wire 2005
HOUSTON--(BUSINESS WIRE)--June 16, 2005--

Empyrean Holdings Inc. (OTCBB:EPYH), a national real estate holding firm, plans to invest $5 million in a new commercial real estate development project in Kewaskum, Wisconsin through its affiliation with United Construction Group. The Kewaskum area is the most rapidly expanding community in Wisconsin and is one of the most significant development areas in the state. United Construction Group is undertaking $50 million of commercial, retail, and residential construction in the area and it is anticipated that Empyrean will be the only outside investment firm to be involved with the project.

CEO Robert L. Lee provided, "Our partner is planning to develop a beautiful village-style retail center in the middle of Kewaskum, complete with a hotel, restaurants, professional office space, and several breathtaking lakes which will be converted into ice skating rinks in the winter. This is an incredible investment opportunity for our firm, and we expect to see double-digit returns during the first three years of the center's operation. We have been the only outside firm asked to participate and we would like to thank UCG for this opportunity."

The development is located along a recently completed four-lane highway which has brought an immense amount of new traffic to the area. Kewaskum is nestled within one of the most beautiful locations in Wisconsin and attracts a significant amount of tourism each year while offering a high standard of living for the rapidly-growing population of local residents.
 
Posted by kt325ci on :
 
I guess I should of held my shares. It's up over 100% today and has a good chance at hitting .02!!!
 
Posted by net10708 on :
 
So, some opinions. Mo play for today only, or does this puppy have steam left in it for the rest of the week?
 
Posted by $Keith$ on :
 
.023 HOD nice run!!!!
 
Posted by popsgotee on :
 
.026 and looking to go higher...
 
Posted by $Keith$ on :
 
.033 holy $hit!!!!!!
 
Posted by $Keith$ on :
 
.039
 
Posted by kt325ci on :
 
Empyrean Holdings Inc. Increases Stock Buy Back Plan to $1 Million
Jun 24, 2005 9:30:00 AM

Copyright Business Wire 2005
HOUSTON--(BUSINESS WIRE)--June 24, 2005--

Empyrean Holdings Inc. (OTCBB:EPYH), a national real estate holding firm, has announced that it will increase its stock buy back plan to allow a total of $1 million worth of the company's outstanding common shares. The shares will be returned to treasury in an effort to strengthen the company's balance sheet and reduce its overall cost of capital long-term.

CEO Robert L. Lee confirmed, "Despite the recent increase in the share price we believe that Empyrean's stock remains undervalued. Our management team still holds the view that our company stock is an exceptional investment especially in consideration of the projects that we have initiated. We have a significant amount of confidence in our development team, the viability of our corporate structure, and our long-term profit potential. We also firmly believe in hard assets and high income-generating real estate is going to be the primary focus of our future growth."

Empyrean will continue to carry out the purchases over the next several months either on the open market or through private transactions. Depending on market conditions and other factors, these purchases may be suspended or commenced at any time without prior notice.
 
Posted by knobula2 on :
 
nice one. i posted in the momo thread. lots of buys going thru at 0.032 now
 
Posted by That's Fact Up, Dude... on :
 
This was posted on Raging Bull....

It was posted that our Market Cap is just 8.5 million at this time. I posted that our prs indicate 18 million invested in different properties with great growth potential already. There is also a pr that indicates approximately 40 million will be sought after for this type of investment by company and yet another pr stating revenue goals of 40 million for this year.

Our Market Cap is close to a 3rd of our investments to date. I say our pps is a 3rd of what it should be also. This puts us in the range of .10, MY TARGET for EPYH.
 
Posted by sunny on :
 
dipping...looking for a turn around...
 
Posted by madmoney on :
 
robert lee filed form 4 stating disposed of 500,000 shares, i thought there was a buy back in progress, confused,did he sell to the company? will they be retired? or did he just need a quick 10 grand!
 
Posted by sunny on :
 
Back up to 023...nice play.
 
Posted by That's Fact Up, Dude... on :
 
Many of the dudes over at RB were discussing this. The symbol read "G," meaning that the shares were gifted to someone. Notice on the form that the price is 0.00.

The CEO probably gave the shares to someone in his family as a type of estate planning in order to get a tax break.
 
Posted by That's Fact Up, Dude... on :
 
Heads up everybody!! [Smile] [Smile]

This bad boy's movin' on up today...

Do a little DD on this sucker, and you will probably come to the same conclusion that I have...

This dude is way undervalued and is a steal at these prices...

Anyway, here's looking to a strong day and GLTA! [Big Grin] [Big Grin] [Big Grin] [Big Grin]
 
Posted by That's Fact Up, Dude... on :
 
Press release out today.... [Smile]

Stock Market Alerts LLC: Stock Market Standouts! June 28, 2005

M2 Communications via COMTEX


Jun 28, 2005 9:33:46 AM

Miami, FLA., Jun 28, 2005 (M2 PRESSWIRE via COMTEX) --

Stock Market Alert's watch list includes: Capital Hill Gold, Inc. (OTCBB: CHGI), Ishares TR Russell 2000 (AMEX: IWM), Walgreen Co (NYSE: WAG), Empyrean Holdings (OTCBB: EPYH) and Avalon Energy Corporation (OTCBB: AVLN).

(Snip)...

Other Stocks of interest yesterday were: Ishares TR Russell 2000 (AMEX: IWM) up 0.2% on 21 million shares traded, Walgreen Co (NYSE: WAG) up 3.3% on 5.3 million shares traded, Empyrean Holdings Inc. (OTCBB: EPYH) up 9.7% on 13.2 million shares traded and Avalon Energy Corporation (OTCBB: AVLN) up 18.4% on 1.6 million shares traded.
 
Posted by knobula2 on :
 
tumbled in the morning to 0.0155.. there were good sized blocks going thru in the am.. 250ks and 100ks.. suspect buy back has started..

also, this just released..

Empyrean Holdings Inc. to Begin $20 Million Residential Construction Plan
Wednesday June 29, 12:30 pm ET

HOUSTON--(BUSINESS WIRE)--June 29, 2005--Empyrean Holdings Inc. (OTCBB:EPYH - News), a national real estate holding firm, has announced that it has initiated a plan to build over $20 million of new California residential construction with its partner, United Construction Group. These developments will include both single-family homes and multi-family apartment buildings in some of the hottest markets in the state including Monterey County, Santa Barbara County and Imperial County.

CEO Robert L. Lee stated, "We are very excited about the prospects associated with these developments. Some of the properties in these areas have appreciated by 30% last year and in one area there is an 8-month waiting list for a new home. Once again we would like to thank United Construction Group for the opportunity to invest in their quality developments and we are confident that our shareholders will be thrilled with the returns."

Note: "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
Contact:

Empyrean Holdings Inc., Houston
Robert L. Lee, 713-260-7236
www.epyh.com
 
Posted by sunny on :
 
This one dipped to 0155 and bounced to 024!!!

Missed the run.
 
Posted by That's Fact Up, Dude... on :
 
Very good volume today on the run up...

Every time this has dipped, it has dipped on low volume. [Roll Eyes]

You know what that means...

MM Manipulation [Wink]

This sucker is strong for the long term, so as to make substatial profits by averaging down on the dips and holding...
 
Posted by kt325ci on :
 
good news guys and congrats on today's gains!
 
Posted by sunny on :
 
Waiting for the pullback to end and for the bounce to begin... [Smile]

Gotta love a good bounce....played ICDT today...made some $$$ off the play from 0049 to 006...take a profit where you can!
 
Posted by That's Fact Up, Dude... on :
 
[Big Grin] [Smile] [Big Grin] [Smile] [Big Grin] [Smile]
 
Posted by George on :
 
Bouncing like a superball... Here comes .039 again...go baby
 
Posted by George on :
 
Sold some at .036... They took it at the ask...
 
Posted by sunny on :
 
coming down again...buy on dips...sell at highs...
 
Posted by George on :
 
picked up more at .031
 
Posted by George on :
 
here we go...back up.. I'll sell at .036 for a quick 200. Already made 1200 on this one today.

[ June 29, 2005, 15:18: Message edited by: George ]
 
Posted by sunny on :
 
Wondering what this one is going to do this last hour of trading....

It moves so quickly...

Great job George! Take those profits...I do! [Smile]
 
Posted by George on :
 
looks like .036 is the top wall for today. I am going to get out there if I can. Then I will look at it in the morning.
 
Posted by George on :
 
They took all of mine back at the ask again. Out at .036.....now watch it run...thats what they do when I get out..My bad luck is good luck for everyone else

But it was a good day. Up 1400 on this one today.
 
Posted by sunny on :
 
good call on 036...went just a tad bit higher, but then came back down...

Tomorrow should be interesting...this thing is going to go up and down all day...gotta play those bounces.
 
Posted by George on :
 
It is still set up to go higher once it breaks the .036 wall. Let it come on down and I will play it again tomorrow
 
Posted by sunny on :
 
Sounds like a plan!
 
Posted by knobula2 on :
 
strong close... good volume near the close.. possible gapper?
 
Posted by wannabe_trader on :
 
i'm not playing this one for a swing .. with the 20 million contract news today .. and the outlook of 50 million .. this has strong fundementals .. long long long
 
Posted by That's Fact Up, Dude... on :
 
Posted by George...

Sold some at .036... They took it at the ask...

Yeah, I feel the same way about it...

I just love it when they "take it at the ask!" [Wink]
 
Posted by kt325ci on :
 
Empyrean Holdings Expands Ozarks Development to $18 Million
Jun 30, 2005 9:36:00 AM
Copyright Business Wire 2005
HOUSTON--(BUSINESS WIRE)--June 30, 2005--

Empyrean Holdings Inc. (OTCBB:EPYH), a national real estate holding company, announced today that it has expanded its 300 acre Lake of the Ozarks development in Camdenton, Missouri to an $18 million development. After analyzing the different uses of the property it was determined that the scope of the project could be significantly broadened and additional profits could be potentially realized from diversifying the use of the property.

Empyrean has initiated a very aggressive Corporate Development Plan structured around residential, commercial, and retail construction in multiple areas of the country. They have partnered up with a national construction firm and have recently purchased an interest in a property management company in Florida to handle the maintenance of its developments.

CEO Robert L. Lee stated, "We plan to develop this property into one of the areas most sought after vacation destinations. Alongside the four-star resort hotel, our team is planning timeshare condominiums, RV facilities, a water park, and a 100 acre wildlife refuge, transforming our 300 acres into a stunning year-round resort destination. This property will be an invaluable addition to Empyrean's portfolio. We are also currently working on profiles for each of the projects we have become involved in and will be posting them on our website in the near future. Our shareholders will be able to review the actual drawings, elevations, site plans, and local information on each of our developments and see the potential for themselves. We are very proud of our projects and look forward to a very prosperous future."

Note: "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.

Source: Empyrean Holdings Inc.
 
Posted by wannabe_trader on :
 
Told you guys its a keeper for the LOOOOOOOOONG run .. its simple FUNDEMENTALLLY stong company .. they wanna even list the company in NASDAQ!!! in this price its a steal . wish i had more cash
 
Posted by George on :
 
I also think it is a great long. But with these swings going I would play them now. You could of done 16% already on the first one. I am out today because none of my funds are settled. I only use cash and I was in and out of this one all day yesterday.
 
Posted by wannabe_trader on :
 
you kidding me right? swings?!? all swings get burned and getting Mcdonalds happy meals gains.. while longs getting the real deal? did you look at the PR machine? did you look at the quality of the PRs? dude do your DD
 
Posted by wannabe_trader on :
 
while you do it .. watch it blast to 0.10 .. happpy 200$ buddy LOL
 
Posted by wannabe_trader on :
 
while you do your DD .. watch it blast to 0.10 .. happpy 200$ buddy LOL


0.0435 X 0.0440 .. going north
 
Posted by George on :
 
I could not stand it and jumped in. Now I have to hold until funds settle...Hope it keeps up but with the news it may well do that. The L2's just look too good!
 
Posted by sunny on :
 
I wanna jump on this...pullback appreciated! [Big Grin]
 
Posted by wannabe_trader on :
 
nice dip!!!!
 
Posted by George on :
 
I made 1400 yesterday playing the dips.
 
Posted by George on :
 
There is no doubt it is going to be a great long but take your profits when you get them and buy back when you can
 
Posted by wannabe_trader on :
 
George .. u managed to get in? its hard to get in with this bull
 
Posted by George on :
 
Here comes .048 then .049 looking strong
 
Posted by George on :
 
Blew through .049 and .050...

They finished filling my order on the last dip.

NOW GO BABY
 
Posted by George on :
 
Get ready to buy...
 
Posted by wannabe_trader on :
 
yep another dip .. load up ..
 
Posted by George on :
 
.050 should be it before we head north again.
 
Posted by wannabe_trader on :
 
those market sells rookies are funny
 
Posted by George on :
 
yes..they are getting wiped out
 
Posted by George on :
 
Here we go... .052
 
Posted by wannabe_trader on :
 
seriously i feel sorry to whoever misses this dip
 
Posted by wannabe_trader on :
 
just for the record .. when i posted my last message bid X ASK were 0.05 X 0.0501 .. been for 3 min AT LEAST ..
 
Posted by George on :
 
Looks to be headed to .06 easy today
 
Posted by wannabe_trader on :
 
Yep .. 20 million contract yesterday .. expansion to 18 million project today .. total of 38 million in 2 days .. you can;t wipe out 38 million in 2 days .. so yes i think we will go to 0.1 by tomorrow.
 
Posted by George on :
 
Sunny...did you get in?
 
Posted by George on :
 
building up at .053x4
 
Posted by George on :
 
they are putting up a fight at .053
 
Posted by wannabe_trader on :
 
LOAD up
 
Posted by George on :
 
I am loaded as I can get...May be I should cut some losses and move the funds....
 
Posted by wannabe_trader on :
 
George if your not long i dont recommend it .. play whatever you have since you seem like a swinger .. just my opinion
 
Posted by George on :
 
Let's try to bust through .053 again...Here we go
 
Posted by George on :
 
I can't because I took a look and everything I have is either a long or is doing okay today. So I will let it ride. I am in with 73000 on this one.
 
Posted by George on :
 
They are still sucking up shares for the next run...Buy em now
 
Posted by wannabe_trader on :
 
looks like profit taking .. its cool
 
Posted by wannabe_trader on :
 
yep was profit taking .. we ride again
 
Posted by George on :
 
Here we go.....
 
Posted by wannabe_trader on :
 
HAHAHAHAHAHAHAH .. i'm gonna take a break . .see u in a while
 
Posted by sunny on :
 
Looks like the MMs are trying to work this one down...probably for a good run to 06.

Profit taking is indeed a good thing...keeps it from going into the overbought mode. [Big Grin] Keeps it balanced.
 
Posted by sunny on :
 
turning around!
 
Posted by knobula2 on :
 
low lunch time volume... at .0395 x 0.04 now.. things may pick up a bit later in the afternoon.
 
Posted by knobula2 on :
 
12:27:26 buy for 340700 @ 0.04!
 
Posted by knobula2 on :
 
mm's walking it back up w 5k blocks.. 0.0405 x 0.041
 
Posted by wannabe_trader on :
 
5000 shares sells .. damn MMs .. dirty game .. i have confident in this company and i just dont care .. i'm out
 
Posted by George on :
 
I went to lunch and came back to this....what happened?

I thought wannabe was long on this one???
 
Posted by knobula2 on :
 
i think he meant he stepped out.. but yeah.. some late day volume.. bid/ask just went up to .0415 x 0.042
 
Posted by George on :
 
could of made some money today swinging it. wished I had some clear cash in my account today. What I got now is a long postion and I will continue to swing it because of the big dips it seems to take.
 
Posted by wannabe_trader on :
 
George .. i said "i'm out" meaning i'm not at my PC .. there is no out on this one .. told you before .. this is for the long run .. i also recommended that you dont clear cash for this .. i beleive .. do you? gl any way
 
Posted by wannabe_trader on :
 
nothing more than MMs in play .. you can't just shoot for 0.1 0.5 or whatever in one day .. i read the PR .. i recommend you read them .. then compare it to any scam pinks or OTCBB's .. this does not belong to BB .. its real!!
 
Posted by wannabe_trader on :
 
Take a look at this ... BID X ASK .. the market sucked today with the feds decision .. just look below and tell me what you think

Market Depth For Empyrean Holdings Inc Delayed (7:34 PM EDT)

Level II Quotebook
Time MMID Size Bid
16:00 QUIN 50 0.039 ↓
15:27 ETRD 50 0.039 ↑
15:46 SCHB 50 0.039
15:28 VERT 50 0.038
14:16 TDCM 50 0.036 ↓
12:31 UCAP 50 0.036 ↓
16:00 NITE 50 0.036 ↓
12:22 FRAN 50 0.035 ↓
12:34 VIEW 50 0.035 ↓
09:41 SACM 50 0.032 ↑
09:45 MAXM 50 0.032
14:16 BMIC 50 0.031
15:48 HDSN 50 0.03
10:02 JEFF 50 0.029
10:29 DOMS 50 0.026
10:03 HILL 50 0.02
10:41 VFIN 50 0.02 ↓
15:32 JPTC 50 0.02
18:01 BEST 50 0.02 ↓
10:00 TASL 50 0.014
14:17 SEAB 50 0.005
07:30 PENA 50 0.001
09:46 FLCR 50 0.001
11:45 GNET 0 0.000
12:39 DATA 0 0.000 ↓
13:28 TRAC 0 0.000




Ask Size MMID Time
0.039 50 NITE 16:00
↓ 0.04 50 SCHB 15:46
↓ 0.045 50 VERT 15:28
↓ 0.045 50 HDSN 15:48
↓ 0.048 50 BEST 18:01
0.05 50 TDCM 14:16
0.05 50 ETRD 15:27
0.05 50 QUIN 16:00
0.051 50 UCAP 12:31
↓ 0.052 50 DOMS 10:29
0.055 50 FRAN 12:22
0.058 50 VIEW 12:34
↑ 0.06 50 FLCR 09:46
↑ 0.06 50 JPTC 15:32
↑ 0.067 50 BMIC 14:16
↑ 0.07 50 JEFF 10:02
↑ 0.07 50 VFIN 10:41
0.075 50 PENA 07:30
↑ 0.10 50 MAXM 09:45
↑ 0.10 50 HILL 10:03
↑ 0.10 50 SEAB 14:17
0.117 50 SACM 09:41
↑ 1.049 5 TASL 10:00








Time & Sales
Price Size Time
0.04 20000 15:59:45
0.04 10000 15:59:36
0.04 25000 15:56:53
0.04 192600 15:56:26
0.04 7400 15:55:21
0.04 7400 15:55:21
0.04 30000 15:49:43
0.04 10000 15:49:40
0.04 5000 15:49:00
0.04 43000 15:48:46
0.04 62000 15:48:46
0.04 45000 15:48:34
0.04 5000 15:48:20
0.04 100000 15:47:58
0.04 10500 15:47:50
0.04 5000 15:47:49
0.04 10500 15:47:49
0.04 35178 15:47:29
0.04 10000 15:47:21
0.04 10000 15:47:21
0.04 10000 15:46:50
0.04 20000 15:46:23
0.04 40000 15:46:15
0.04 29746 15:44:20
0.041 25000 15:44:20
0.04 31303 15:44:18
0.04 25000 15:44:16
0.04 30000 15:44:16
0.041 20000 15:44:11
0.04 20000 15:44:11






Copyright © 2005 QuoteMedia. All rights reserved. Terms of Use.
 
Posted by kt325ci on :
 
Empyrean Holdings, Inc. Reaches Development Portfolio of $50 Million
Jul 1, 2005 9:28:00 AM
Copyright Business Wire 2005
HOUSTON--(BUSINESS WIRE)--July 1, 2005--

Though only halfway through fiscal 2005, Empyrean Holdings Inc. (OTCBB:EPYH), a national real estate holding company, has already had a phenomenally productive year. Since its initial acquisition of Tradewinds International Corp. a few months ago, Empyrean has established a diverse portfolio of development projects totaling nearly $50 million and has initiated several strategic relationships that is giving the company a significant competitive edge in several markets.

Earlier this year Empyrean initiated an aggressive Business Development Plan focused on developing a portfolio of hard real estate assets whose core characteristic was high anticipated income and 3-year appreciation potential. As a result of its activities, the company has become involved in over $50 million in projects in California, Florida, Wisconsin and Missouri and continues to analyze additional opportunities. Profiles of their projects will appear on Empyrean's website within a few weeks.

CEO Robert L. Lee is delighted, "Our company is doing phenomenally well. So far this year, we have located a corporate office location in Houston, opened satellite offices in Florida and California, and engaged in several strategic relationships with construction, property management, and real estate and mortgage companies. Our relationship with United Construction Group is proving to be an outstanding arrangement as we are getting the ability to participate in a prime selection of UCG's current and upcoming projects as an insider and could not ask for a better opportunity. This gives us the ability to cherry-pick the projects that we feel have the greatest profit potential while not incurring all of the traditional development risk. There is much more to come, we are only half-way through the year and only half-way through the initial stage of our plan. Things are going so well that we are expanding our horizons further and are extremely confident that our shareholders are going to be as excited as we are with what's to come."

Note: "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.

Source: Empyrean Holdings Inc.
 
Posted by George on :
 
SCHB and NITE holding it down...
 
Posted by cbrf2 on :
 
geez, theyre more than holdin it down! [Big Grin] they're losing me money! damn! i always buy at its peak! in @.047
 
Posted by wannabe_trader on :
 
Great week indeed. Solid PR .. and the company just doing GREAT! GL to all
 
Posted by wannabe_trader on :
 
ohh yeah baby ... pre-market (0.0445 X 0.045)


UP UP UP
 
Posted by wannabe_trader on :
 
0.045 X 0.0455 GAPPER!!!
 
Posted by wannabe_trader on :
 
still pre-market and 0.0455 X 0.046
 
Posted by wannabe_trader on :
 
Gerorge where the hell are you .. 0.046 X 0.047 [Smile]
 
Posted by George on :
 
.046 Let the roller coaster ride begin.....
 
Posted by George on :
 
.047 coming.. I am here and straped in
 
Posted by George on :
 
Love it....
 
Posted by George on :
 
This thing IS a friggin roller coaster.....
 
Posted by George on :
 
15% swing....hitting bottom now.. get them now and get ready for a swing back up.
 
Posted by wannabe_trader on :
 
Rolling back up wth this PR machine .. great company


-------

Press Release Source: Empyrean Holdings Inc.


Empyrean Holdings, Inc. Commits to $70 Million Orlando Development
Thursday July 7, 9:35 am ET


HOUSTON--(BUSINESS WIRE)--July 7, 2005--Empyrean Holdings Inc. (OTCBB:EPYH - News), a national real estate holding company announced today that it has committed to a $70 million real estate development in one of the hottest tourist areas in the country - Orlando, Florida. Recently through several key relationships that the company has in the Orlando market with several large property owners, management was able to arrange participation in the pending property purchase and maintain development rights.
The company is currently analyzing the best utilization to maximize profit potential but is confident that the property will be used for timeshare condos due to its favorable location within 1/2 mile of one of the largest theme parks in the area. Management anticipates selling a large amount of the unit participation to the European market specifically due to the very favorable exchange rate for European investors and the entertainment value that the major theme parks in Florida represent.

CEO Robert L. Lee stated, "Anyone who knows real estate knows that southern Florida has been one of the fastest appreciating markets in the country in recent years. Orlando, which is situated in central Florida has also been directly affected by this trend and it is anticipated by real estate professionals this will continue for several years to come. We are committed to increasing shareholder value and feel that we have found a significantly undervalued property. Due to the financial structures that can be utilized for this type of development, we also anticipate that this project will self capitalize a significant portion of the development costs. This will assist to limit the financial impact the project will have on Empyrean and allow it to become a very profitable endeavor for the company."

Note: "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.


--------------------------------------------------------------------------------
Contact:
Empyrean Holdings Inc., Houston
Robert L. Lee, 713-260-7236
www.epyh.com
 
Posted by wannabe_trader on :
 
up 19.5 % 0.0375 X 0.038 ... seems no shares for sale ... i hardly added some shares
 
Posted by wannabe_trader on :
 
I love you epyh.ob ... 0.039 X 0.0395 .. up +++24% .. i'm telling ya last dip was accumilation .. few shares for sale
 
Posted by George on :
 
it is a tough ride...I should of keep swing it. Major daily swings.
 


© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2