It is really a great achievement for Micro Cars to have secured the local assembly rights for the irresistible Ssangyong Rexton and the Kyron. Micro, which started just four years ago, has made vast strides in the field of automobile construction and engineering.
Micro initially faced many obstacles and in fact, there was no provision in our laws to enable the registration of a locally made car. Consumers were also wary of buying a locally made car, fearing that quality and reliability would be below par.
Four years on, Micro has allayed these fears to the point that a well-known manufacturer has entrusted it with the responsibility of manufacturing two best-selling models locally.
All of Micro’s own models are selling well too. The Trend and the all-new MPV van are utterly stylish and practical.
Micro must be lauded for gradually increasing the local content of the cars. The eventual aim is to build a 100 per cent local car, having already surpassed the 40 per cent mark. Micro is also gaining a reputation overseas, with export orders pouring in.
Micro must be given every possible incentive, so that more families could buy a vehicle of their own. Our duty structure is that even with some concessions in place, Micro cannot sell its smallest car for under Rs.600,000.
On the other hand, Indian consumers can buy a Maruti Suzuki 800 for just Indian Rs.250,000 and the all-new Zen, which will be launched here shortly, costs from just Indian Rs.320,000 upwards.
In Sri Lanka, the Maruti 800 costs Rs.800,000 without VAT. A car is within the reach of practically every middle class or lower middle class family in India.
That is the scenario we should aspire to achieve. Micro is already well poised to take that road. It already has a portfolio of products that suits every purse and with further local value addition the prices could be lowered.
The Government should purchase more vehicles from Micro for its Ministries and departments.
It is also time for those politicians who raise a hue and cry over their avowed determination to help local industries to stop buying foreign-made SUVs with their US$ 35,000 vehicle permit and instead opt for a Micro-made SUV, saving foreign exchange.
Micro Cars is certainly Sri Lanka’s pride and joy and all must support it to reach greater horizons.
Major milestone for Micro
Rexton and Kyron assembled locally:
Shirajiv SIRIMANE
If you have recently seen a sudden rise in the number of Ssangyong vehicles on Lankan roads, especially the all-new Kyron and old favourite Rexton, that is because both cars are now built in Sri Lanka.
Micro Kyron
The company behind this Ssangyong success story is Micro Cars, the only car manufacturer in the country.
“My ultimate aim is to produce a 100 percent locally manufactured car in Sri Lanka,” says Chairman Micro Car Pvt. Ltd (MCL) Dr. Lawrence Perera.
Perera said that the first ever Sri Lankan manufactured car named “Micro”, was designed, developed and prototyped locally by Transmec Engineering (Pvt) Ltd., and was officially launched in 2002. Only the four-stroke engine and gearbox are imported from Italy.
“Today we have 52 per cent of local value addition and I want to increase local value addition further,” he said.
The Micro Car Company recently introduced its newest addition, Micro Ssangyong Rexton, presenting the first car to the President Mahinda Rajapaksa at Temple Trees. “We have sold over 50 units so far and have several exports orders too,” he said.
The prices for the fully loaded vehicles range from Rs.6 Million to Rs.7.5 Million. “This price is almost 40 percent less than the price of an imported SUV and the Government has pledged that they would purchase more vehicles thus saving foreign exchange,” he added.
The body of the vehicle, mirrors, seats, and rubber components including the tires are totally manufactured in Sri Lanka.
“We are now working with several local component manufacturers to achieve quality, to reach a minimum of 40% local value addition. When this is done we will enter Europe through GSP+ program,” he said.
When this is achieved this would be the first time a Sri Lankan manufactured car would be exported to Europe.
He is also looking at introducing a vehicle navigation system to his vehicles and plans tie up with a cellular company for this. “This would enable drivers to find any address or location from a screen,” he said.
With the technical assistance from Ssangyong Korea, Micro Cars Ltd now assembles the “KYRON” and the “REXTON.” These cars use Mercedes Benz licensed engines and auto transmissions.
Park Lane and Ideal Group of the UK are financing this project with an initial investment of US$ 2 Million. Ssangyong Motor Company is the largest SUV manufacturer in Korea.
Both vehicles have state-of-the-art common rail Euro IV turbo inter cooler diesel engines fitted with Mercedes Benz tiptronic fully automatic 5-speed transmission and 4WD system with on the fly selection.
Micro Cars also manufacturers the Micro Privilege, the Micro Trend and the Micro MPV van using well over 37% local value addition.
Micro Cars Ltd is currently negotiating with Nepal and Bangladesh for exports. It has exported sample vehicles to Sudan in December 2006. The project produces 600 cars monthly providing over 3,000 direct jobs and 8,000 indirect jobs.
Daihatsu Drome opens
Sirajiv SIRIMANE
COLOMBO: Uni Walkers Ltd, a subsidiary of Softlogic Holdings Pvt Ltd and authorised distributor and dealer for Daihatsu opened ‘Daihatsu Drome’ a 3S facility (Sales, Service and Spares), on the main trunk route in Rajagiriya.
Softlogic Holdings had invested over Rs. 30 million for upgrading their service centre and the Daihatsu Drome, said Chairman Managing Director, Softlogic Holdings Ashok Pathirage.
He said that this will enable them to provide a more efficient and reliable service for their customers. He said the Government must also re-think their strategy behind imposing high duties for brand new vehicles which he claimed was among the highest in the world.
“For vehicles over 2,000 cc it goes up to over 230 per cent,” he said. In the long run this would encourage more second hand vehicles to enter the market, which would have a negative impact on the environment as well.
He said when they acquired the company it had not sold a brand new vehicle for a long time. “We have already sold over 100 brand new vehicles.” General Manger, Sujeeva Premaratne said Daihatsu being small and economical was a household name a long time ago and they want to restore that image once again.
“We will soon introduce a 24 hour rescue service and open more service centres all over the country,” he said.
This 3S facility is a one-stop location for all Daihatsu customers and provides 100 per cent availability of spare parts for products offered. The product range offered by Daihatsu are the ‘Terios 4x4’ and the ‘Charade’.
Posted by Zeker on :
Now that's what I call a good PR, realwill- GOOD CALL!
Posted by Abe Smith on :
Chart is good for a bounce
Posted by beechwood on :
Another dead triple zero.
Posted by Doctoall on :
One thread is enough Posted by Abe Smith on :
Highest Volume Ever...coming in like a flood
Posted by Abe Smith on :
over 250million volume in the last hour ?
Posted by Abe Smith on :
376 M traded
Posted by dollar13 on :
(0.0003) MicroHoldings US, Inc. Signs Letter of Intent to Acquire German Telecommunications Company Tuesday April 10, 9:45 am ET
SAN DIEGO--(BUSINESS WIRE)--MicroHoldings US, Inc. (Pink Sheets:MHUS - News) today announced that it has signed a nonbinding letter of intent to acquire the German telecommunications company, Merkur Telekom AG. Merkur is a provider of prepaid and international calling services. According to unaudited financials, the German company produced more than 2 million Euros, or $2.67 million, in gross revenue for 2006 and posted a profit of about 200 thousand Euros or $267 thousand US. The acquisition of Merkur is dependent on the parties completing due diligence and executing a Final Agreement.
"The acquisition of Merkur gives MHUS a solid partner in the European market," states Joe Putegnat, Director of Operations for MHUS. "We hope to add their capabilities and expertise to ours as we continue to grow our company into what we hope will be a major competitor in the telecom industry."
MHUS also owns the subsidiary, XChangeTel, a provider of international calling services based in San Diego, California. XChangeTel was founded by Joseph Putegnat, an experienced telecom industry entrepreneur and pioneer in the development of VoIP wholesale carrier sales.
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of MHUS are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future MHUS actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and MHUS has no specific intention to update these statements.
Contact: MicroHoldings US, Inc. Jeff Flannery, (619) 342-8096
-------------------------------------------------------------------------------- Source: MicroHoldings US, Inc.
Posted by dollar13 on :
0.0003 GETTING SMACK
Posted by dollar13 on :
ALMOST 1 BILLION SHARES TODAY
WOW
Posted by farmerboy on :
DILUTION!!!!!!!!!!!!!!!!
Posted by Abe Smith on :
umm dilution? this thing has been diluted buddy lol 1.2 bil shares traded
Posted by TopRob on :
1.3B shares traded and only moved 2 ticks, yeah it looks like pump & dump dilution. It should be about .0006 or higher by now. Well time will tell.
Posted by dollar13 on :
I GOT IN AT 0.0002
LOL
OHHHHH WELL
Posted by Abe Smith on :
1.6B traded now, rumor is shorts started at 1.5B
Posted by TopRob on :
Short! I don't think so, why would shorts sell this low. They would be buying out instead which would raise the pps even more.
Posted by madmoney on :
Posted by TopRob on :
Remember: Shorts sell High and buy Low while longs buy Low and sell High. But dilution has no logical pattern, it's whenever the idiots in charge wants to make a quick buck, so they dump like crazy with no concern for shareholders, usually after a pumped up PR.
Posted by madmoney on :
I did a quick search for short interest data, as of march 07 there were only 6500 shorts, down from over 600,000 in feb 07. FWIW.
Posted by dollar13 on :
BACK UP 0.0003
Posted by Fuzzy1018 on :
over 20mil at ask, this bubble might just POP volume over 2bil now, something is up imo
Posted by Fuzzy1018 on :
big blocks of buys coming in wow
Posted by dollar13 on :
During this time there has been a number of inquiries to our office as to whether we will reverse the value of MHUS common shares. Let me state that at this time we have no plans for a reverse split.
"We will continue to strive to bring solid, revenue producing businesses into MHUS, create an opportunity for good financing to support the company's growth and deliver shareholder value, and to eventually, I hope, bring MHUS to the Bulletin Board or another exchange.
Posted by madmoney on :
During this time there has been a number of inquiries to our office as to whether we will reverse the value of MHUS common shares. Let me state that at this time we have no plans for a reverse split.
"We will continue to strive to bring solid, revenue producing businesses into MHUS, create an opportunity for good financing to support the company's growth and deliver shareholder value, and to eventually, I hope, bring MHUS to the Bulletin Board or another exchange.
last reported A/S was 200 million? with 2 billion traded today what is the CURRENT O/S and A/S?? will the TA say what the A/S - O/S is?? lots of volume with little movement indicates LOT`s of shares out??
Posted by Fuzzy1018 on :
i picked up 10mil at .0002 earlier, lets see how it plays out. If it runs to even .002's, I'm rich if not I'll lose my $2k
Posted by TopRob on :
How u going to be rich off $20k. Tax will be $2-4k
Posted by dollar13 on :
During this time there has been a number of inquiries to our office as to whether we will reverse the value of MHUS common shares. Let me state that at this time we have no plans for a reverse split.
"We will continue to strive to bring solid, revenue producing businesses into MHUS, create an opportunity for good financing to support the company's growth and deliver shareholder value, and to eventually, I hope, bring MHUS to the Bulletin Board or another exchange.
last reported A/S was 200 million? with 2 billion traded today what is the CURRENT O/S and A/S?? will the TA say what the A/S - O/S is?? lots of volume with little movement indicates LOT`s of shares out??
I SEE YOU POINT, BUT I DIDN'T BET THE FARM ON THIS
WE'LL SEE
Posted by Fuzzy1018 on :
quote:Originally posted by TopRob: How u going to be rich off $20k. Tax will be $2-4k
well i'll be richer than i'm now, won't i be?
Posted by Abe Smith on :
R/S isnt it obvious? Im betting 1/100,000
Posted by TopRob on :
It'a sure help, but I don't know about this one. I'll watch it a little longer before I jump in.
Posted by Fuzzy1018 on :
quote:Originally posted by Abe Smith: R/S isnt it obvious? Im betting 1/100,000
you speculating or you have insiders info? lol
Posted by dollar13 on :
quote:Originally posted by Fuzzy1018:
quote:Originally posted by Abe Smith: R/S isnt it obvious? Im betting 1/100,000
Let me state that at this time we have no plans for a reverse split. Posted by TopRob on :
Fuzzy, I have no inside info. Its just that I have been burnt too mant times on PR's like this. A LOI (Letter of Intent) don't really mean anything. Anyone can send a LOI to another company (or say they did). They can take up to 2 or 3 months before a decision and they usually don't work out on sub-penny co. Sometimes it's just a pump & dump with no real deal ever. So it's better to wait until the deal is complete or at least closing in and pay a slighty higher price.
JMCP is doing the same thing and now no word in over a month.
Posted by dollar13 on :
LOL
CAN YOU GET IT CHEAPER THAN 0.0002 ????
NOT TOO MANY 0.0001 TRADES TODAY
Posted by JimSC on :
0.0002 X 0.0003
Looks like the MMs are ready to let MHUS go now. We got UHV signal yesterday. Get in early, and get your capital out at 3X.
Posted by JimSC on :
Time & Sales Price Size Exch Time 0.0003 30000 OTO 09:37:07 0.0003 145433 OTO 09:36:37 0.0003 90000 OTO 09:34:34 0.0003 500000 OTO 09:34:07 0.0003 4000000 OTO 09:34:05 0.0003 999000 OTO 09:34:05 0.0003 750000 OTO 09:34:01 0.0003 1633333 OTO 09:32:28 0.0002 2000000 OTO 09:30:40 0.0002 25000 OTO 09:30:40 0.0002 500000 OTO 09:30:30 0.0002 200000 OTO 09:30:30 0.0002 225000 OTO 09:30:30 0.0002 25000 OTO 09:30:29 0.0002 775000 OTO 09:30:29 0.0003 150000 OTO 09:30:24 0.0003 250000 OTO
Posted by kilikili on :
over a billion traded yesterday & volume still coming in. I've read this is a short play as well similar to bhub imo.
Posted by JimSC on :
Today is only the 2nd day of an expected 2-week run.
Posted by kilikili on :
Posted by: balamidas In reply to: None Date:4/11/2007 2:29:57 AM Post #of 9387
MHUS volume is not dilution but BUYBACK ,some people has missed the PR about :Joseph Putegnat Joins MicroHoldings US, Inc. as Director of Carrier and Telecom Services !!! if you look up the guy you will find that he is a company builder and a pioneer in the telecom industry. Mr. Putegnat:
A pioneer in the development of wholesale carrier services with more than twenty years experience, Mr. Joseph Putegnat previously founded and served as President and CEO of Jupiter Telecom, Inc., an international long-distance wholesale carrier focused on the use of VoIP technologies. Prior to founding Jupiter Telecom, he was founder and President of LDExchange.com, Inc., a technology-oriented long distance wholesale carrier, where he built the Company to more than $80 million in annual revenues with 220 carriers connected to the network. In November 1998, he negotiated the sale of LDExchange.com to MicroGeneral. From 1986 to 1990, he was a Major/National Account Representative for US Sprint, consistently ranking as one of the top sales representatives nationwide, and was a member of the President's Club from 1986-1990.
the guy is building a REVENUE platform here and he is not far from the 10 million mark between the revenues of the previous aquistion and the upcoming one .we are talking about the next MOBL here .the issue is not the cars here but the TELECOM play. we will see more action in the open here
Posted by kidpolio on :
i got nine million at .0002 I aint skeered. lol
All the big boys on bid this one going fly soon.
Posted by kidpolio on :
only three more left at .0002 Had six earler
Posted by Fuzzy1018 on :
agreed, this might just go. in at .0002 from yest. aswell
Posted by JimSC on :
This is a very risky game - possible dilution and R/S, even thou the ceo affirmed that no R/S is planned. Just play what you can afford to lose, there are many other interesting games.
*** Time & Sales Price Size Exch Time 0.0002 2926741 OTO 12:22:58 0.0002 2073259 OTO 12:22:58 0.0002 121741 OTO 12:19:46 0.0002 4764000 OTO 12:19:46 0.0002 114259 OTO 12:19:46 0.0002 3750000 OTO 12:11:11 0.0002 5000000 OTO 12:10:10 0.0002 4000000 OTO 12:10:03 0.0002 1000000 OTO 12:09:29 0.0002 5000000 OTO 12:09:23 0.0002 5000000 OTO 12:08:55 0.0002 200000 OTO 12:00:13 0.0002 4114259 OTO 11:57:02 0.0002 885741 OTO 11:57:02 0.0002 1000000 OTO 11:37:03
Posted by TopRob on :
.0001 again.
Welcome to the bag-holders club. It's not hard to join the bag-holders club, but once a member, you are in for life. Some of you are double bag holders while others have a closet full of bags. Some bags are smaller, some larger, but there's no need to look in the bag because they are all the same. The contents won't spoil, but you can add more to your bag if it makes you feel better.
Now if you don't want to be a lifetime member, there are two ways to get rid of your bag and I'll tell you for no charge: 1) Just give it back for free ($0), but there's a small service charge for that. or 2) Write up a very convincing story, call it a PR, and see if some poor sole will buy it hook line and sinker.
Sorry guys, I just couldn't resist.
Posted by JimSC on :
0.0001 X 0.0002
Posted by tmanfromtexas on :
TopRob, I can right a grate personal recognazant oops I mean a PR. how do i get it to post on pink shetes!!! I have had a bunch of bags over the year that I wood luv to have gottin rid uf. heheh. TMAN...
Posted by kilikili on :
MicroHoldings US, Inc. Signs Letter of Intent to Acquire Second Telecommunications Company in Germany
SAN DIEGO, Apr 12, 2007 (BUSINESS WIRE) -- MicroHoldings US, Inc. (Pink Sheets:MHUS) today announced that it has signed a nonbinding letter of intent to acquire a second German company, GDS Global Destination Services, GmbH, an established provider of international carrier services. The acquisition of GDS is dependent on the Parties completing due diligence and executing a Final Agreement.
Earlier this week, MHUS announced an LOI to acquire Merkur Telekom, a German provider of prepaid calling services. Although distinct in the types of services they provide, Merkur and GDS are sister companies, and the Parties agreed today to pursue an acquisition of both German companies. According to unaudited financials, GDS produced more than 2.5 million Euros, or $3.36 million US, in gross revenues for 2006.
"The acquisition of GDS provides us with a base of profitable operations on which to launch our new services in the European markets," stated Joe Putegnat, Director of Operations for MHUS. "After discussions, we all decided it was in our best interests to acquire both entities. In fact, both companies give us combined and complementary revenues of nearly $7 million per year. We are excited to bring both companies online with MHUS."
MHUS also owns the subsidiary XChangeTel, a provider of international calling services based in San Diego, California. More information on MicroHoldings US, Inc. can be found at www.microholdings-us.com.
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of MHUS are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature; which depend upon or refer to future events or conditions; or which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future MHUS actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and MHUS has no specific intention to update these statements.
SOURCE: MicroHoldings US, Inc.
CONTACT: MicroHoldings US, Inc. Jeff Flannery, 619-342-8096
Posted by TopRob on :
Anyone know someone in Germany that can check if these companies really exist? Nothing on the internet.
Tman, did you write that PR?
Posted by dallenp89 on :
As for GDS Global Destination Services: http://gdsconnects.com The page won't load for some reason. Here is the registrar information: Registrant: Cendyn 1515 N FEDERAL HWY STE 204 BOCA RATON, Florida 33432-1952 United States
Registered through: Cendyn Domain Name: GDSCONNECTS.COM Created on: 07-Sep-04 Expires on: 07-Sep-07 Last Updated on: 10-Aug-06
Administrative Contact: McMullin, Emily emcmullin*cendyn.com Cendyn 1515 N FEDERAL HWY STE 204 BOCA RATON, Florida 33432-1952 United States 5617503173
Technical Contact: Deyo, Charles cdeyo*cendyn.com Cendyn 1515 N FEDERAL HWY STE 204 BOCA RATON, Florida 33432-1952 United States 5617503173
Domain servers in listed order: NS2.CDCSERVICES.COM NS1.CDCSERVICES.COM
I like the potential of this one but something is fishy. More DD coming soon.
Posted by dallenp89 on :
I went in the wrong direction with GDS. It doesn't make sense. Cendyn is a marketing firm in Florida. Why would a German international carrier service be using a marketing firm that specializes in the hotel industry? DUH!
Thanks Dallenp, good research. I don't think the gdsinternational is the same as GDS Global Destination Services. It seem to be an American company with no association with telecom/carrier service. The gobananas link seems to be related to Merkur Telekom. It just doesn't look too professional, but maybe that because I can't read it. Scaning through the pages, I didn't see any reference to MicroHoldings, so still no assurance that this deal is real.
I would say it's still a big risk, so we'll just have to wait and see on this one.
Posted by dallenp89 on :
NOPE wrong again. I am really sorry!! I think I got it this time.
Again I am sorry for the misinformation. I got overly excited about wanting this to be legit.
Posted by tmanfromtexas on :
Dont feel bad dallen, I did that yesterday with bhub. Not that it matters now with that one. lol. TMAN...
Posted by dallenp89 on :
I know this is going to come off like a bash but here goes anyway. Lets assume that MHUS does acquire GDS and Merkur Telekom. What exactly are they getting? Well GDS appears to be just a web site that claims to be a business in a really cool building with a voip product. I see no pricing information or retail option on their site. You have to email or call for any real ordering information.
Merkur Telekom has a fully functional website with a real product. The retail portion of this site also appears fully functional with shopping carts and checkouts etc. It is the product I don't like. They sell calling cards. Anyone who has stood in line at a gas station or supermarket knows these card companies are a dime a dozen. Most of them fly by night with the exception of a few larger ones that I see on a day to day basis.
You do your own DD. I will wait for the acquisition news to go through and see what happens then.
Posted by TopRob on :
Wow!, .0001 consistantly now. Maybe I should get in now before it drops to 0.0000. However, if this is a scam operation, they probably have taken the money and jumped ship by now, so there would be no more PR's and the pps would stay at rock bottom for months or maybe forever.
Posted by Time2drum on :
If it is a scam, it's a hard to fill at .0001 scam. Posted by dollar13 on :
MicroHoldings US, Inc. Issues Correction To Previous Announcement Issued April 12, 2007
Business Wire "US Press Releases "
SAN DIEGO--(BUSINESS WIRE)--
MicroHoldings US, Inc. (Pink Sheets:MHUS) today announced that an error was made in a previous release issued April 12, 2007 with the headline "MicroHoldings US, Inc. Signs Letter of Intent to Acquire Second Telecommunications Company in Germany" regarding two German companies MHUS is in negotiations to acquire. MHUS has signed LOI to acquire Merkur Telekom, a provider of prepaid calling services, and an LOI to acquire GDS Global Destination Services, an established provider of international carrier services. Contrary to what was set forth in the previous release, the two German companies are distinct and unrelated.
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of MHUS are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future MHUS actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and MHUS has no specific intention to update these statements.
Source: MicroHoldings US, Inc.
Posted by dollar13 on :
MicroHoldings US, Inc. Signs Service and Marketing Memorandum with CyberTel Corp. Wednesday May 2, 11:58 am ET
SAN DIEGO--(BUSINESS WIRE)--MicroHoldings US, Inc. (Pink Sheets:MHUS - News) today announced that it has signed a Memorandum of Understanding with CyberTel Corporation (OTCBB:CBEL - News) to support and market the software technology MHUS, through its subsidiary XChangeTel, is developing for the telecommunications carrier services industry. The MOU calls for CyberTel to pay a license fee of $1 million to MicroHoldings once the software is completed and commercially available. CyberTel also agrees to provide MHUS with network operation services, technical assistance and program development.
Stated Jeffrey Flannery, CEO of MicroHoldings US, Inc., "CyberTel brings experience and resources that will support our efforts to commercialize the new calling services platform being developed at XChangeTel. This MOU calls for CyberTel to provide MHUS with capital to complete our program development, facilities, network operations, support staff, and marketing support."
CyberTel has provided support and marketing for telecommunication and prepaid services for several years, including long distance services, prepaid calling cards and VOiP cellular phone services. XChangeTel is completing development on a new software platform to support VOiP calling and carrier services.
Stated James Wheeler, CEO of CyberTel, "This agreement with MicroHoldings allows CyberTel to re-enter into on the cutting edge of what we believe is a revitalized telecommunications market. We are excited to be teaming up with the innovative team at XChangeTel and to forging a long, productive relationship."
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of MHUS are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future MHUS actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and MHUS has no specific intention to update these statements.
Contact: MicroHoldings US, Inc. Jeff Flannery, 619-342-8096
-------------------------------------------------------------------------------- Source: MicroHoldings US, Inc.
Posted by m69jump on :
like this part....The MOU calls for CyberTel to pay a license fee of $1 million to MicroHoldings once the software is completed and commercially available. CyberTel also agrees to provide MHUS with network operation services, technical assistance and program development.
Posted by J_U_ICE on :
quote:Originally posted by JimSC: This is a very risky game - possible dilution and R/S, even thou the ceo affirmed that no R/S is planned. Just play what you can afford to lose, there are many other interesting games.
HMMMMMMMMMM, Imagine that, another lying pinky CEO, LOL. Sorry for anyone that got burned.
Posted by tmanfromtexas on :
Another CEO added to my growing list. TMAN...
Posted by PCola77 on :
Wow, that's not just a R/S, that's a kick to the balls of shareholders. I hope those guys burn (And I say this from a neutral perspective, never having owned any of this)
Posted by gumzsa on :
This is ridiculous. My portfolio is getting hammered by reverse splits. In the last week I got screwed by GWGO,ILGY and MHUS. This sucks. I also own WNSH and LBTN so those will probably be next. I'll never make money if this keeps happening.
Posted by TopRob on :
They had to do a R/S because no one was buying anymore and they couldn't continue diluting. You know they need that money to be able to work on new PR's since that is their only business.
Posted by PCola77 on :
Seriously? If that's true you need to re-evaluate your strategy. Every one of those was/is a major POS.
quote:Originally posted by gumzsa: This is ridiculous. My portfolio is getting hammered by reverse splits. In the last week I got screwed by GWGO,ILGY and MHUS. This sucks. I also own WNSH and LBTN so those will probably be next. I'll never make money if this keeps happening.
Posted by PCola77 on :
Does this seem odd to anyone?
from pinksheets.com
Estimated Market Cap: 293,324 as of 2007-05-21 (based on Outstanding Shares as of 2007-04-10) Authorized Shares: 8,000,000,000 as of 2007-04-10 Number of Shareholders of Record: 9 as of 2007-04-10 Posted by T e x on :
seems typical to me...most shares in street name, no?
Posted by PCola77 on :
Oh, really? I've looked at these all the time and never see under a few hundred, I don't think.
Posted by T e x on :
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