Sentex Sensing Technologies, Inc. Signs Binding MoU to Acquire Vitelcom Mobile Technology, S.A. Friday February 9, 4:37 pm ET
CLEVELAND and MALAGA, Spain, Feb. 9, 2007 (PRIME NEWSWIRE) -- Henrik Rubinstein, President of Sentex Sensing Technologies, Inc. (OTC BB:SNTX.OB - News) (http://www.sentextech.com), signed today a Memorandum of Understanding to acquire Vitelcom Mobile Technology, S.A. and their subsidiaries Purple Labs (France) and Vtech Holding (Mexico). This acquisition will support the future sale of Biometrics driven Sentex Mobile products. Carlos Carrero, the sole shareholder of Vitelcom agreed in a ``firm and binding'' MOU to exchange shares of SNTX.OB for 100% of Vitelcom's common shares. By virtue of this binding Letter of Intent, engineered by Balmoral Capital Holdings Inc. (``Balmoral'') http://www.balmoralfinancial.com and Miramar Capital, S.L. (``Miramar''), Vitelcom becomes a new subsidiary to SNTX.OB. Vitelcom produced over the last 4 years cumulative revenues in excess of $1.1 billion dollars.
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Henrik Rubinstein, Sentex President, stated, ``We agreed to an exchange of shares for 100% of Vitelcom to move Sentex products strategically into this strong market. More acquisitions should follow soon.''
The deal is subject to completion via comprehensive acquisition documentation.
About Sentex Sensing Technologies, Inc.
Sentex Sensing Technologies, Inc. is a multimodal biometric technology company. Sentex provides fingerprint, facial and voice biometric technologies, as well as systems, and critical system components that empower the identification of individuals in large-scale ID and ID management programs.
About Vitelcom Mobile Technology, S.A.
Vitelcom Mobile Technology, S.A. (http://www.vitelcom.es) is a mobile phone manufacturer located in Malaga, Spain. The company has a product range that includes 3G, i-mode and Linux-based technologies and has manufacturing facilities capable of producing over 5 million phones a year. Vitelcom sales are distributed amongst Spain and Latin America mainly for the Telefonica Moviles group.
This press release contains statements, which may constitute ``forward-looking statements'' within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Sentex, and members of its management as well as the assumptions on which such statements are based, updated or revised forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
-------------------------------------------------------------------------------- Source: Sentex Sensing Technologies, Inc.
IMAKEMONEY
posted
SNTX -- Sentex Sensing Technology, Inc. Com (No Par)
Search for Dun & Bradstreet reports on this company.
Address: 1801 East Ninth Street Cleveland, OH 44114 USA
Phone: (216) 687-0289
Business Description: Not Available
Primary State of Incorporation: New Jersey
Country of Incorporation: USA
Officers: Robert S. Kendall, CEO; William R. Sprow, CFO; Julius L. Hess, Secretary
Fiscal Year End: November 30
Edgar Filing Status: Current EDGAR Filer
CIK: 0000729599
Outstanding Shares: 103,764,911 as of 2006-02-28
Estimated Market Cap: Not Available Number of Shareholders of Record: 1,211 as of 2005-07-22
Current Capital Change:
Dividends:
Class Notes: New Issue=4-84 25,000,000 shs in units (2 shs Com & 1 Warr 4-9-86) at 20 cents per unit by A.L. Havens Securities, Inc.
Transfer Agent: Continental Stock Transfer & Trust Company, New York, NY 10004
SNTX:US Sentex Sensing Technology
Industry: Electronic Measur Instr Add Security to your Watch List
02/09 OTC BB Currency: USD
Price 0.060 Change -0.010 % Change -14.286 Bid 0.060 Ask 0.070 Open 0.070 Volume 450,500 High 0.075 Low 0.060 52-Week High 0.10 (01/12/07) 52-Week Low 0.01 (02/13/06) 1-Yr Return 500.000%
EARNINGS
Earnings Past 12 Months N.A. Quarter Est. EPS() N.A. Quarter Est. EPS() N.A. Year Est. EPS() N.A. Price/Earnings (Trailing) N.A. Relative P/E N.A. Earnings Growth Rate N.A. Estimated P/E N.A.
FUNDAMENTALS
Shares (Millions) 103.765 Market Cap (Millions) 6.226 Float (Millions) -25.338 Return on Equity N.A. Short Interest N.A. Last Dividend Reported N.A. Dividend Yield (Trailing 12mo.) N.A. Relative Dividend Yield N.A.
Sentex Sensing Technologies, Inc. Signs Binding MoU to Acquire Vitelcom Mobile Technology, S.A.
PrimeZone via COMTEX
Feb 9, 2007 4:37:16 PM
CLEVELAND and MALAGA, Spain, Feb 9, 2007 (*********wire via COMTEX News Network) --
Henrik Rubinstein, President of Sentex Sensing Technologies, Inc. (OTCBB:SNTX) (http://www.sentextech.com), signed today a Memorandum of Understanding to acquire Vitelcom Mobile Technology, S.A. and their subsidiaries Purple Labs (France) and Vtech Holding (Mexico). This acquisition will support the future sale of Biometrics driven Sentex Mobile products. Carlos Carrero, the sole shareholder of Vitelcom agreed in a "firm and binding" MOU to exchange shares of SNTX.OB for 100% of Vitelcom's common shares.
By virtue of this binding Letter of Intent, engineered by Balmoral Capital Holdings Inc. ("Balmoral") www.balmoralfinancial.com and Miramar Capital, S.L. ("Miramar"), Vitelcom becomes a new subsidiary to SNTX.OB. Vitelcom produced over the last 4 years cumulative revenues in excess of $1.1 billion dollars.
Henrik Rubinstein, Sentex President, stated, "We agreed to an exchange of shares for 100% of Vitelcom to move Sentex products strategically into this strong market. More acquisitions should follow soon."
The deal is subject to completion via comprehensive acquisition documentation.
About Sentex Sensing Technologies, Inc.
Sentex Sensing Technologies, Inc. is a multimodal biometric technology company. Sentex provides fingerprint, facial and voice biometric technologies, as well as systems, and critical system components that empower the identification of individuals in large-scale ID and ID management programs.
About Vitelcom Mobile Technology, S.A.
Vitelcom Mobile Technology, S.A. (www.vitelcom.es) is a mobile phone manufacturer located in Malaga, Spain. The company has a product range that includes 3G, i-mode and Linux-based technologies and has manufacturing facilities capable of producing over 5 million phones a year. Vitelcom sales are distributed amongst Spain and Latin America mainly for the Telefonica Moviles group.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Sentex, and members of its management as well as the assumptions on which such statements are based, updated or revised forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
posted
mrinos, YOU JUST MIGHT HAVE A WINNER HERE,JMO
a surfer
posted
quote:Originally posted by cassity: Great pick huh surf! LOL
Yes cassity you did good!
IMAKEMONEY
posted
WHO MADE THIS PICK?????
atleast
posted
quote:Originally posted by IMAKEMONEY: WHO MADE THIS PICK?????
do you really care? more important: "By virtue of this binding Letter of Intent, engineered by Balmoral Capital Holdings Inc. ("Balmoral") www.balmoralfinancial.com and Miramar Capital, S.L. ("Miramar"), Vitelcom becomes a new subsidiary to SNTX.OB. Vitelcom produced over the last 4 years cumulative revenues in excess of $1.1 billion dollars."
IMAKEMONEY
posted
YA I DO!!!!!!!!!
a surfer
posted
LOL.. Technically mrinos started this thread .
a surfer
posted
GOING UP!!!!!!!!
a surfer
posted
.08x.084 1x1
IMAKEMONEY
posted
.084
cassity
posted
Why isn't this exploding!!!
a surfer
posted
CYBL cass and IMAKE
mnvestor
posted
quote:Originally posted by cassity: Why isn't this exploding!!!
After hours PR, gets lost over weekend...may take some time to be disseminated.
cassity
posted
Did anyone read this PR? WTF!
cassity
posted
This one may have some big players coming into it in the next couple of days. Amazing company and I have no doubt this will be much higher, VERY SOON! GLTA
3.Last 10q-WEIGHTED NUMBER OF SHARES OUTSTANDING 101,764,911
4.Float (Millions) 25.338
5.Jan 15th hit a 52 week high which is nice to see! i will be watching this one!
I like it!!!
cassity
posted
Thanks for taking the time to check it out. I think there is a lot of potential and I think we will get more news this week. Keep the great picks coming, they have helped a ton. Later
posted
Well you know penny players are the most patient individuals on earth...don't you? LMAO
cassity
posted
SNTX -- Sentex Sensing Technology, Inc. Com (No Par)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Headline Maker: Sentex Sensing Technologies, Inc. Signs Binding Memorandum of Understanding to Acquire Vitelcom Mobile Technology, S.A
Feb 13, 2007 (M2 PRESSWIRE via COMTEX) -- Sentex Sensing Technologies, Inc. (OTCBB:SNTX) is a multimodal biometric technology company. Sentex provides fingerprint, facial and voice biometric technologies, as well as systems, and critical system components that empower the identification of individuals in large-scale ID and ID management programs. At the time of writing shares are up 25% with over 226,000 in volume. This momentum comes as Henrik Rubinstein, President of Sentex Sensing Technologies, Inc. (OTC BB:SNTX.OB) (http://www.sentextech.com), signed a Memorandum of Understanding to acquire Vitelcom Mobile Technology, S.A. and their subsidiaries Purple Labs (France) and Vtech Holding (Mexico). This acquisition will support the future sale of Biometrics driven Sentex Mobile products. Carlos Carrero, the sole shareholder of Vitelcom agreed in a ''firm and binding'' MOU to exchange shares of SNTX.OB for 100% of Vitelcom's common shares.
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By virtue of this binding Letter of Intent, engineered by Balmoral Capital Holdings Inc. (''Balmoral'') http://www.balmoralfinancial.com and Miramar Capital, S.L. (''Miramar''), Vitelcom becomes a new subsidiary to SNTX.OB. Vitelcom produced over the last 4 years cumulative revenues in excess of $1.1 billion dollars
Henrik Rubinstein, Sentex President, stated, ''We agreed to an exchange of shares for 100% of Vitelcom to move Sentex products strategically into this strong market. More acquisitions should follow soon.''
The deal is subject to completion via comprehensive acquisition documentation.
About Vitelcom Mobile Technology, S.A.
Vitelcom Mobile Technology, S.A. (http://www.vitelcom.es) is a mobile phone manufacturer located in Malaga, Spain. The company has a product range that includes 3G, i-mode and Linux-based technologies and has manufacturing facilities capable of producing over 5 million phones a year. Vitelcom sales are distributed amongst Spain and Latin America mainly for the Telefonica Moviles group.
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posted ![[Eek!]](eek.gif)