From Recent PR: Global IT Holdings Inc. recently completed a merger with High Road International, Inc. (Pink Sheets:HRDI). The public entity recently changed its name to Global IT Holdings, Inc. in accordance with the transaction and Global IT Holdings, Inc. now owns eighty-five (85%) percent of all of the fully diluted shares of the pink sheet company. The company now trades under the symbol (Pink Sheets:GBTH).
"Global is a text book example of the type of companies that fits the profile of our investment strategy; a quality firm positioned for growth in a multi-billion dollar industry," said Jeffrey Sternberg, President and CEO of Advantage Capital Development Corp. which recently increased its stake in Global IT Holdings from 15 to 22 1/2 percent. "We will continue to have an active interest and participation in Global as it aggressively pursues growth opportunities both organically and through acquisitions."
Global IT Holdings Inc. is a New York-based holding company which was created to acquire targeted IT staffing firms. The Company's current holdings include Platinum IT Consulting and its associated company, Parker Clark Data Processing. These two companies, which have served the New York and New Jersey Markets for 25 years, have combined annual revenues in excess of $5 million. For additional information go to http://www.platinumit.com
MACD is crossing... Williams coming out of oversold... stochs heading up!
Posted by FatherOfTwo on :
BID pushing up.. it is getting ready to explode 50% or more! catch it quick if you can.. I am in at .001!
Posted by lilpennypincher on :
I remember playing this one....Runs SUPER! Heck we can eat this float for lunch at this price. NITE is supporting the BID and Left for .0019 on the ASK! That's Where I'M HEADING!!
Posted by FatherOfTwo on :
BIG push up is coming!
Posted by FatherOfTwo on :
bid ask 1 x 1 Schb on the ask.. nite at 19!
Posted by rickpic on :
just got in under you @.0009 lets see what this puppy has for legs! The volume I like and the last time it had volume like this I like as well!
We'll See!
Rick
Posted by FatherOfTwo on :
Advantage Capital Development Corp. Portfolio Company Pays Down Senior Secured Debenture Wednesday August 17, 11:29 am ET Global IT Holdings Inc. Reduces Debt With Recent Payment of $250,000
MIAMI--(BUSINESS WIRE)--Aug. 17, 2005-- Advantage Capital Development Corp. (Pink Sheets:AVCP - News) announced today that one of its portfolio companies, Global IT Holdings Inc., (Pink Sheets:GBTH - News) has reduced its debt to the company with a recent payment of $250,000 against its senior secured debenture.
ADVERTISEMENT Advantage Capital Development Corp. recently increased its stake in Global IT Holdings from 15 to 22 1/2 percent. Global recently completed a merger with High Road International, Inc. (Pink Sheets:HRDI - News). In accordance with the transaction the new public entity is now named Global IT Holdings, Inc. Global IT Holdings, Inc. now owns eighty-five (85%) percent of all of the fully diluted shares of the pink sheet company. The company now trades under the symbol (Pink Sheets:GBTH - News).
"We are very pleased with our investment in Global," said Jeffrey Sternberg, President and CEO Advantage Capital Development Corp. "They've leveraged our relationship to its fullest extent and utilize our funding to enhance their growth strategies."
According to Sternberg, Global is pursuing a growth strategy and is currently at various stages of negotiations with four possible acquisitions in the IT staffing industry.
"Through its subsidiaries Platinum IT Consulting and Parker Clark Data Processing, Global IT Holdings is managing its internal growth while actively seeking out acquisitions that are compatible with its core business," Sternberg said.
Platinum IT Consulting and its associated company, Parker Clark Data Processing have served the New York and New Jersey Markets for 25 years and have combined annual revenues in excess of $5 million. For additional information go to http://www.platinumit.com
According to the American Staff Association, U.S. annual sales for temporary help totaled $63.3 billion in 2004, nearly on par with the industry's sales peak in 2000 and 12.5% more than 2003. According to the Association, for the past three decades the industry has grown at a rate of 10 percent a year and additionally, ninety percent of U.S. companies use temporary staffing services.
About Advantage Capital Development Corp.
Advantage Capital is a business development company, which operates specifically to meet the needs of small and emerging companies that need capital to grow. Business development companies, as defined under the Investment Act of 1940, are specifically designed to encourage the growth of small businesses. The rules provide certain financing advantages for companies that invest in small and emerging businesses. As a result, this will include investing in both public and private entities using certain types of debt and equity financing not normally available to other public companies.
Posted by Prdponce on :
I like the volume. I got some @.0009. Lets see what happens
Posted by rickpic on :
I don't think this will stay @.0008 x .0009 much longer with the volume its getting today! FOT could be right and others could end up chasing this puppy!
Posted by FatherOfTwo on :
Ask moved up to 1
Bid getting thicker 2 deep now at 8
Posted by Patrick on :
Is this a day trade...or you think it will run tomorrow?
Was anybody able to get filled at the bid?
Posted by FatherOfTwo on :
4 mm's on the ask, however 3 of them haven't been open for days!
A couple more buys at 1 and they will all clear out!
Posted by buckstalker on :
I tried to fill at the bid... with no luck...in at 9
quote:Originally posted by Patrick: Is this a day trade...or you think it will run tomorrow?
Was anybody able to get filled at the bid?
Posted by rickpic on :
According to Sternberg, Global is pursuing a growth strategy and is currently at various stages of negotiations with four possible acquisitions in the IT staffing industry.
Posted by FatherOfTwo on :
Bid u/t
2 MM's @ 9 <---NITE & HDSN
Ask:
1 MM @ 10 SCHB at 11 Nite still at 19 HDSN at 20
Posted by rickpic on :
.0009 x .0011 up she goes!
Posted by rickpic on :
.0011 HOD bring it on!
Posted by FatherOfTwo on :
L2 ask:
1 @ 11 SCHB 2 @ 12 ETRD & VERT 2 @ 19 FRAN & NITE 3 @ 20
Posted by 4Art on :
Looks good! Posted by FatherOfTwo on :
Nite pushing up the bid! NICE!
Posted by rickpic on :
Very nice the bid is @.001
Posted by Patrick on :
Some resistance at the bid (.001). Early sellers getting out but price is holding.
This will definately go higher once it breaks the .001 bid price.
Posted by rickpic on :
were at an all time high volume here since it became GBTH!
Posted by Patrick on :
Seems we're stuck. Need a little nudge here.
Posted by FatherOfTwo on :
quote:Originally posted by Patrick: Seems we're stuck. Need a little nudge here.
Just coming out of the lunchtime slowdown... an afternoon run looks to be in the works!
Posted by rickpic on :
somebody needs to wake up those 2 MMs at .0019! Posted by rickpic on :
Volume moving higher here, once again!
Posted by rickpic on :
bids back at .001 here!
Posted by Mack on :
ask at .0012
Posted by rickpic on :
gotta love that .0012 that just popped up! NICE!
Posted by FatherOfTwo on :
upticking here on good volume.. the lunch break is over!
It is looking better for a run to above .0015!
Posted by pensandoenti67 on :
okay I was convinced I'm in and will be out at .0017 80% profit that's for all to know !!
Posted by rickpic on :
see pens I tryed to tell you earlier, but now your in and thats all that counts! Lets take the high road! Toot Tooot!!!!!!!!!!
Posted by lilpennypincher on :
Just got home, Looking HOT! I'm going back out, Have fun!!! I love GREEEEEEEN!
Posted by rickpic on :
All its gonna take is a little bit of volume at the end of the day and this puppy will see a new HOD!
Posted by rickpic on :
no trades since 2:00 on this! FOT are you gonna call the CEO of this company to see when we may expect the first LOI news?
Posted by rickpic on :
closed @.0009 but had 2 trades = to 1m shares @.001 just after the close! Would like to see some PR on this one tomorrow!
Posted by lilpennypincher on :
Something sparked this puppy..Chart looks awesome for some good running tomorrow. Somethin's up!
Posted by rickpic on :
Will the high volume continue and will this have a pop today? I think news is what it needs to run it up!
Rick
Posted by rickpic on :
the spread is large here .0008x.0011 and unless the reduce the spread we may not see much trading in this one!
Posted by rickpic on :
well somebody just picked up 1m @.0008 here!
Posted by rickpic on :
OK now we have a buyer @.0011 for 509k
Posted by Patrick on :
I hope this doesn't turn out to be quicksand again. I need a winner.
What's going on here??
Posted by rickpic on :
FOT seems to have abandond this one???????????
Posted by FatherOfTwo on :
nope.. still here....
super busy today making a big presentation for next week!
Posted by rickpic on :
Well FOT I have a sell in at .0009 if you still want discount shares! Come and get UM!
Posted by rickpic on :
out for a 11.11% lose! next!
Posted by Danny K on :
FOT, whats ur take on this?
Posted by buckstalker on :
![[Smile]](smile.gif)