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[QUOTE]Originally posted by TonkaToy: [QB] 2005-02-04 16:58:07 Hee Reports Guidance; Comments on Mellon Research, Inc. Business Editors / Health/Medical Writers HUTCHINSON, Kan.--(BUSINESS WIRE)--Feb. 4, 2005-- The Hee Corporation, Inc. ("HEE") (HCCF on OTC Pink Sheets) On November 9, 2004, HEE Corporation (HCCF.PK) entered into an agreement with Wall Street Group, LLC. Under that Agreement, Wall Street Group, LLC was to provide specific services in the area of public relations, advertising campaigns, preparation of materials for use with the investing public, and other activities designed to improve the value of company stock. That Agreement expires on February 9, 2005. As compensation for that agreement and the services to be provided by Wall Street Group, LLC, they received 8,333,333 shares. Over the next month, Wall Street Group, LLC presented HEE Corporation with additional suggestions and new agreements including one for the private placement of HEE Corp. stock. HEE rejected all of those proposals. On December 27, 2004, and after much negotiating, Mellon Research, Inc. asked HEE Corporation to enter into an additional Agreement. HEE Corporation agreed with that proposal and, as compensation for promised services, delivered to Mellon Research, Inc. an additional 35 million shares. Mellon Research, Inc, paid HEE Corporation $100,000.00 in cash and $100,000.00 in Mellon Research, Inc. stock. The cash payment came from undisclosed investors and the stock from Mellon Research, Inc. Mellon was to provide HEE with a CPA experienced in securities and other professionals in order to establish the framework for HEE to become a Bulletin Board Company. In late January 2005, Wall Street Group, LLC asked HEE Corporation to agree to an assignment of their Agreement to Mellon Research, Inc. HEE Corporation decided not to agree to the assignment, took issue with an unauthorized press release of Mellon, and decided to discontinue any further negotiations with Wall Street Group, LLC and Mellon Research, Inc. HEE Corporation fulfilled all its obligations under the Agreement with Wall Street Group, LLC and the Agreement with Mellon Research, Inc. and has no future plans to be involved with either firm. Business Outlook Management offers the following guidance for the quarter ending March 31, 2005: Revenue is expected to begin. Licensing of clinics to represent the HEE Corporation product. Management offers the following guidance for the quarter ending March 31, 2005: Our target for share price is between 3 and 5 cents. About HEE Founded in 2004, HEE ("HCCF.PK") is the worldwide leader providing a corporate vehicle for a new and extremely promising nutraceutical for Type II Diabetes. This nutraceutical was developed in India and is currently being tested here in the U.S. Upon the highly successful results of the current testing; HEE is working diligently to get this nutraceutical treatment market ready. Forward-Looking Statements Statements in this release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors such as: entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, changes in licensing programs, product price discounts, delays in product development and related product release schedules, sales channel disruption such as the bankruptcy of a major distributor, and reliance on sole source suppliers for key components that could result in delays in product delivery, any of which may cause revenues and income to fall short of anticipated levels; technological shifts; the ability to have access to distribution channels that are controlled by third parties; the risk of unanticipated increased costs; the continued ability to protect the company's intellectual property rights; adverse effects on our business that might result if an unauthorized disclosure of a significant portion of our formula were to occur; the ability to obtain on acceptable terms the right to incorporate in the company's products and services; changes in product and service mix; maturing product life cycles; product sale terms and conditions; the risk that actual or perceived vulnerabilities in our products could adversely affect our revenues; implementation of operating cost structures that align with revenue growth; unavailability of insurance; uninsured losses; adverse results in litigation; unanticipated tax liabilities; the effects of terrorist activity and armed conflict such as disruptions in general economic activity and changes in our operations and security arrangements; the effects of a major earthquake, cyber-attack or other catastrophic event that results in the destruction or disruption of any of our critical business or information technology systems; the level of corporate information technology spending and changes in general economic conditions that affect demand; currency fluctuations; and financial market volatility or other changes affecting the value of our investments that may result in a reduction in carrying value and recognition of losses including impairment charges. All information in this release is as of February 4, 2005 is accurate. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations. HEE is either registered trademarks or trademarks of HEE Corp., in the United States and/or other countries. The names of actual companies or products mentioned herein may be the trademarks of their respective owners. For more information, financial analysts and investors only: Darci Brooks, Investor Relations (620) 663-3333 Note to editors: If you are interested in viewing additional information on HEE, please visit the HEE Web page at http://www.HEE.com on HEE's corporate information pages. Web links, telephone numbers and titles were correct at time of publication, but may since have changed. Shareholder and financial information is available at http://www.HEE.com KEYWORD: NORTH AMERICA KANSAS UNITED STATES INDUSTRY KEYWORD: EDUCATION UNIVERSITY HEALTH RESEARCH & SCIENCE CONSUMER FAMILY PRODUCT/SERVICE SOURCE: The Hee Corporation, Inc. CONTACT INFORMATION: The Hee Corporation, Inc. Investor Relations: Darci Brooks, 620-663-3333 [/QB][/QUOTE]
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