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[QUOTE]Originally posted by icdaprofit: [QB] [QUOTE]Originally posted by jiffer: [b]well, I mentioned it in another thread, but I guess it belongs here as well Smart Tire Systems - SMTR looks to be right around an all time low. they've had some good news lately and I can't figure out why they've dropped. might be one to watch...[/b][/QUOTE] $*IBII*$-MORE NEWS-On June 25, 2004, Skyy-Fi, Inc., a wholly owned subsidiary of Internet Business's International, Inc. (the "Company" or "IBII") entered into a Factoring and Security Agreement with 1st American Factoring, LLC ("1st American Factoring"). The agreement provides for a continuing first priority security interest in all personal property and fixtures, and proceeds thereof, (including proceeds of proceeds) including without limitation accounts, chattel paper, goods (including inventory and equipment), instruments, investment property, documents, and general intangibles (collectively, the "Collateral") of Skyy-Fi up to $3,000,000. Pursuant to the terms of the Agreement, Skyy-Fi shall execute and deliver to 1st American Factoring a Financing Statement and any other documents in a form satisfactory to 1st American Factoring and do all such acts and things as 1st American Factoring may at any time reasonably request or as may be necessary or appropriate to establish and maintain a perfected security interest in the collateral. [/QB][/QUOTE]
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