ActionView International, Inc. Announces Letter of Intent for Acquisition Transaction With Jim Palmer Trucking, Inc.
Market Wire "US Press Releases "
VANCOUVER, BC -- (MARKET WIRE) -- 05/12/08 -- ActionView International, Inc. (OTCBB: AVWI) today announced that the company has entered into an initial agreement in the form of a letter of intent for an acquisition transaction with Jim Palmer Trucking, Inc., a leading transportation company headquartered in Missoula, Montana. Jim Palmer Trucking was established in 1966 with one truck and has grown into one of the premier refrigerated carriers in the United States. Jim Palmer Trucking operates in 44 states and maintains a fleet of 350 trucks and 500 trailers.
Jim Palmer Trucking's top five customers by percentage of revenues include Anheuser Busch, the Kroger Co., Coors Brewing Company, C.H. Robinson Worldwide, and Tyson Foods. In addition to its headquarters in Missoula, Montana, Jim Palmer Trucking has terminals in Salina, Kansas and Denver, Colorado. Jim Palmer Trucking also has drop lots located in Fontana, California; Tampa, Florida; Portland, Oregon; Wenatchee, Washington; and Chicago, Illinois.
The initial agreement in the form of a letter of intent provides the framework for a subsequent definitive agreement under which ActionView International would acquire all of the issued and outstanding shares of Jim Palmer Trucking, Inc. in exchange for a majority percentage of ActionView International. The details of the proposed share exchange will be included in the definitive agreement.
The letter of intent outlines additional due diligence, audit work and other terms that must be fulfilled to proceed to definitive agreement and to subsequently effect a close of the transaction.
The post merger plan for Jim Palmer Trucking includes a potential acquisition strategy, the addition of new members to the management team, and the development of additional business lines within the trucking industry while maintaining and growing existing accounts in its core business.
"Jim Palmer Trucking is a mature company with substantial revenues and a solid strategy for additional future growth, and we are extremely pleased to have reached an initial agreement for an acquisition transaction," stated Steven R. Peacock, president/chief executive officer of ActionView International. "We look forward to the completion of the ongoing due diligence and moving to a definitive agreement with Jim Palmer Trucking once the terms of the letter of intent have been met."
Posted by cautionupahead on :
**** OS: 330 M - no change recently.
Posted by JimSC on :
AVWI: deal to be completed soon.
****** Posted by: dirtdealer In reply to: None Date:5/15/2008 6:54:06 PM Post #of 3756
READ PLEASE:
I spoke again with Lonnie- (President) at Jim Palmer Trucking. This deal could be huge for shareholders of ActionView.
Acquisition is going to be done with restricted shares. He said Co. revenues in the 30-40 million range. Would not give me to much specifics. Said that things should be PR’d and the deal closed real quick… The stock prices will jump through the roof. How often do you find an OTCBB company with 30+ million in revenues. Acquisition is a cheap way for JPT to go public and mgt there will retain mgt functions etc.. That all for now..
Posted by IMAKEMONEY on :
JIM THIS HAS BEEN RUN, DONT YA THINK? I SEE .0001s COMING, JMO
Posted by JimSC on :
Most merger deals will run to market cap of 6 M$. The current Market cap is only 600 K$. Last run is only a small pop for the real run. The PR campaign will start tomorrow. Don't play it, just watch it.
Posted by IMAKEMONEY on :
F--K ME IT STACKS ,I PLAY GL JIM.
Posted by renrob05 on :
Far from done IMO I see .01 or more
Posted by cautionupahead on :
Be careful with this one, 10Q just came out, it's horrible, Steven Peacock strikes again.IMO
Posted by EverGreen on :
the # are good but there is this info that is bad
Subsequent to March 31, 2008, a total of $52,500 in cash advances made by the former director was repaid under a court ordered issuance of 748 million shares of common stock.
(at 0.00007 x share ???)
if they issued 748m + 215 already in the float with 1B AS is close to be maxed
quote:Originally posted by cautionupahead: Be careful with this one, 10Q just came out, it's horrible, Steven Peacock strikes again.IMO
Posted by JimSC on :
They case is pending and the stock shares are held in an escrow account. They will settle the case by paying back before the merger deal. The OS: 330 M shares; the insiders hold 75 M.
Posted by IMAKEMONEY on :
Posted by: ThePennyGuru In reply to: None Date:5/16/2008 12:03:12 PM Post #of 4042
One thing I have learned in trading pennies- The stocks run when the mm-s want them to. I think the bullrush from .0011 to .004 caught some MM-s with no shares and they are balancing their books. I see this going up next week. Remember to buy on dips
Posted by JimSC on :
New HOD - 0.0024
Expecting news next Monday. **** This is the MMs' game - don't play it. **** Posted by: ThePennyGuru In reply to: None Date:5/16/2008 1:24:38 PM Post #of 4078
I had 100k at .0022- they filled 10k and moved up
**** This is a merger play, the new company had a great rev for 2007.
2007 Revenues $72,000,000 confirmed by the company.
****** Posted by: marketphile In reply to: None Date:5/16/2008 1:00:18 PM Post #of 4058
MUST READ: I called JP Trucking
I spoke to Lonnie Wallace (President of JP Trucking) and asked the following questions...
1) What were your annual revenues for fiscal year 07 and what are projected revenues for fiscal year 08?
Wallace: We did $72M in 07 and are on track to do about $76M in 08.
2) Which investment banker is handling this transaction and why did you choose Actionview as your shell?
Wallace: The reverse merge is being handled by Palmer Securities (not affiliated with JP Trucking) and we had no particular reason for choosing the Actionview shell as our vehicle for going public. We decided that we wanted to go public so our investment banker found Actionview. We simply went out and purchased an available shell.
3) Why did you decide to go public now?
Wallace: It's something that we've been wanting to do for quite some time now.
All of this information can be independently verified by calling JP Trucking yourself. The two most important pieces of information that I took away from the conversation are that revenues continue to rise ($72M last year and projected $76M this year) and that the deal will almost certainly go through (his comment stating that "We simply went out and purchased a shell").
Posted by JimSC on :
Great day! Wasn't really sure what to expect for a friday, but held very nice and closed green! Alot of profit takers left us this morning and the weekend bailers should be gone....looking for a HUGE week next week!
Posted by beechwood on :
Just remember that the MM's can sell pennies short and YOU CAN'T !! Also, watch out for the classic R/S BEFORE the R/M. If you're going to play this play it right and jump in AFTER any R/S.
Tip: it's usually the R/M that say NO R/S that will R/S!
Posted by JimSC on :
For stocks under 0.002, the MMs will not make much money thru short selling. However, they can make a lot of money by accumulating shares at bottom, and unloading them by a 10X run, especially when a merger deal is involved.
Posted by renrob05 on :
Don't know if people realize how big this is.... AVWI is merging with a company that makes revs of $72,000,000
Also, some people are saying the deal could go through soon...like in 2 weeks.
I see .01 short term...and much higher long term.
Posted by JerZeyDeViL on :
Today should be fun!!
Posted by JimSC on :
0.0025 X 0.0028
Posted by JimSC on :
This stock is very interesting, a big block of the OS is in an escrow account under court supervision. That makes the court a protector of the share holders. If you find any party is unfair, you can complain to the judge, and the merger deal must be fair to all parties.
The ceo is not diluting, if you have any evidence of diluting, please let me know and I will report it to the judge.
AVWI may follow the pattern of SRSR.
Posted by voodooman on :
tough day today
Posted by JimSC on :
The MMs played a game to get panic sellers. But not many paid attention to it this time:
*****
Posted by: rgzoo In reply to: momoore3 who wrote msg# 5010 Date:5/20/2008 11:52:52 AM Post #of 5028
AMTD just screwed me for $40 partial fill * .0016..27400 shs. wanted 200000 for a starter. this happened right in the middle of my cancelation of bid.
MM GAMES! keeping price down!
canceled 172600 shs...sold me 27400 shs!
who buys $40 worth of a stock with fee of approx. $10?
nobody!
Posted by beechwood on :
I'm still watching, and laughing, since it was pumped hard at .0024 Now at what, .0016? Hmmmmmmmm... Will the real paid pumper pleeeeeze stand up!...LOL Not that this won't run. I just don't wanna add to any MM shorts. It does have potential IF the MM's will turn it loose.
Posted by IMAKEMONEY on :
PPS .0014
Posted by JimSC on :
0.0017 X 0.0018 - low float.
OB, not pink.
Expecting a merger PR next week.
The MMs are showing the true bids now. They used to hide the true bids and make a huge gap between Bid/Ask to discourage buyers. So it looks like they are about to let her go when a good PR comes. Watch it.
Posted by lostone on :
looks interesting today, hope news out next week so we can bounce
Posted by JimSC on :
0.0017 AVWI may behave like IVOI - the confirmation PR will come and she will run. The merger into a 72 m$ company is not the average merger deal in the past. Watch it. IVOI: ran from 0.0011 to 0.011 in one day when the dividend was cleared from the SEC.
Posted by JimSC on :
0.0018
0.0017 X 0.0018
Posted by TruthLiesWithin on :
Still watching or what?
The ask volume was pretty big at one point, what's up with that?
The spread too was a little wide.
Posted by IMAKEMONEY on :
PPS .0012 JUST MAY SEE A BOUNCE FROM HERE,JMO
Posted by lostone on :
what price u got in IMAKE? man, i hope this bounce soon, when i bought this last week it was my choice between this and GLCC, i guess i picked the wrong one.. =\
Posted by IMAKEMONEY on :
GOT IN AT .0012 lostone
Posted by lostone on :
wow, u're up 25% already.. u been flipping or gonna hold for a big pop?
Posted by IMAKEMONEY on :
HOPEING FOR A BIG POP!
Posted by IMAKEMONEY on :
POPING Posted by IMAKEMONEY on :
PPS .0023
Posted by a surfer on :
whats poping this??
Posted by IMAKEMONEY on :
R/M NEWS COMING SOON, HOD CLOSE .0025 NICE GAPPER COMING
Posted by lostone on :
darn it i sold too early again!
Posted by lostone on :
IMAKE, in ur opinion, which one is the next AVWI that u're holding?
Posted by IMAKEMONEY on :
LONG SHOT -CCMJ
Posted by renrob05 on :
quote:Originally posted by lostone: IMAKE, in ur opinion, which one is the next AVWI that u're holding?
ECCI...Hurricane season starting tomorrow...Get in at open and you'll get atleast a double.
Posted by TruthLiesWithin on :
Is this going to pop now?
The small jump today made it look easy.
Posted by lostone on :
without news soon, it may just crash again, repeat the cycle.. hope it does so i can get back in
Posted by voodooman on :
.0029 X .0030
Posted by TruthLiesWithin on :
I'm still holding, something has to give here.
Posted by TruthLiesWithin on :
![[Big Grin]](biggrin.gif)