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U.S. Sustainable Energy Corp. and Diversified Ethanol Inc. Sign Memorandum of Understanding to Join Forces to Enter Multi Billion Dollar Ethanol Market Friday January 5, 2:09 pm ET
Companies Plan Definitive Agreement
NATCHEZ, MS--(MARKET WIRE)--Jan 5, 2007 -- U.S. Sustainable Energy Corp. (Other OTC:USSE.PK - News) and Diversified Ethanol, a division of Originally New York, Inc. (OTC BB:ONYI.OB - News), today jointly announced the signing of a Memorandum of Understanding ( MOU ) designed and intended to capture and dominate the multi billion dollar ethanol marketplace. ADVERTISEMENT
John Rivera, CEO of USSE, stated, "We are elated to announce this MOU with Diversified Ethanol. Their cutting edge technology is on the forefront of ethanol technology. Their existing technology is fully upgradeable and adaptable to future technology. With our combined resources, our shareholders will own the first production company with a full suite of profitable alternative energy solutions to the marketplace. Furthermore, our shareholders benefit from owning stock in our new fully reporting company as a result of the closing of the definitive agreement. Additionally, we plan to seek listing on a senior national exchange as expeditiously as possible after the closing."
Commenting further, Mr. Rivera stated, "Our immediate goal is to construct a million gallon per day ethanol plant to be supported by the excess energy generated by USSE and our subsidiary Sustainable Power Corp (SPC). Using Diversified Ethanol's technology we will obtain up to 30% more sugars from the corn we will process, according to independent university research. In addition, according to industry experts we will also save between 30-35% on our energy costs in producing ethanol, making our product the most cost competitive ethanol anywhere in the world."
Pursuant to the terms of the proposed definitive agreement, USSE shareholders will receive approximately 1.3 shares of Originally New York, Inc. common stock for each share of USSE held at the closing. The definitive agreement is subject to customary items like shareholder approvals and the filing and effectiveness of an SEC registration statement to register the underlying shares to be issued in the closing. Shareholders of USSE will be notified of the proper steps to be taken to tender their shares in the near future.
Taylor Moffitt, CEO of Originally New York, Inc. stated, "We are very pleased to announce this planned transaction for the benefit of all of our combined stockholders. Our cutting edge technology, combined with the revolutionary processes and technologies owned by USSE, create a tremendous synergy that will enable us to manufacture ethanol at enormous discounts and cost savings compared to what is available today. The profitability of our combined companies has the potential to be explosive. We believe we will quickly become a force to be reckoned with in the ethanol market."
Additionally, USSE still plans to effect the distribution of its previously announced dividend of Sustainable Power Corp to shareholders of record as of Dec. 1, 2006. Further information on this previously announced dividend will be made immediately after the closing of the definitive agreement with Originally New York, Inc.
About U.S. Sustainable Energy
USSEC holds patent pending technology for a new breakthrough biofuel and carbon-based fertilizer. USSEC has successfully demonstrated the most cost effective method of producing biofuel estimated at $.50/gallon according to exhaustive studies and independent Lab confirmation. The company has developed the process, units and catalyst that will transform agricultural biomass into biofuel and fertilizer. This technology offers a solution for foreign oil dependence, balancing industrial and agricultural concerns with environmental issues and stabilizing and eventually reversing global greenhouse gas emissions. USSEC's research and development has successfully demonstrated the core technology in its fully functional facility located in Port Gibson, MS. The company is currently pursuing fully scalable implementation and deployment at further locations. Unlike other biomass gasification, the USSEC process can operate at a variety of scale, converting even waste biomass into fuel and fertilizer. The fuel produced will ultimately be more valuable than ethanol or methanol, and the USSEC process can convert biomass materials at an efficiency that cannot be matched by currently planned operations. In addition, unlike virtually all other approaches for biomass to energy, which deplete soil nutrients, the USSEC process restores and enhances soil mineral and carbon content. As a direct result of this revolutionary approach to integrated energy and fertilizer production from biomass, the USSEC process effectively removes Greenhouse Gases from the atmosphere, and can do so profitably before the value of Green Certificates and Carbon Credits are considered.
For further information on the company, please visit www.ussec.us
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press release and some oral statements 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 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 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 the Company has no specific intention to update these statements.
Contact: INVESTOR CONTACT: Redwood Consultants, LLC 415-884-0348 MEDIA CONTACT: Kevin A. Mercuri 917-346-9386 kevin*5wpr.com
-------------------------------------------------------------------------------- Source: U.S. Sustainable Energy Corp. Profile Get Profile for:
Originally New York Inc. 2505 Anthem Village Drive Suite E-404 Henderson, NV 89052 United States - Map Phone: 702-407-8222 Fax: 702-407-8223
DETAILS Index Membership: N/A Sector: Consumer Goods Industry: Textile - Apparel Clothing Full Time Employees: NaN
BUSINESS SUMMARY Originally New York, Inc., a development stage company, does not have significant operations. It seeks merger and acquisition candidates, or new business opportunities. Previously, the company marketed a proprietary line of sports and athletic garments bearing its logos. Originally New York was founded in 2001 and is based in Henderson, Nevada.
Key Statistics
KEY EXECUTIVES Pay Exercised Mr. Leonard H. Luner , 67 Chief Exec. Officer, Pres, Chief Financial Officer $ 0 N/A
Dollar amounts are as of 31-Dec-04 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549
FORM 8-KCURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest reported) December 29, 2006
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2 below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
The following sets forth certain sales of unregistered securities since the Company's last periodic report.
On December 29, 2006 the Company sold 125,000 shares of its common stock to James. F. Petersen for $0.40 per share or a total purchase price of $50,000. The shares were issued in reliance on Section 4(2) of the Securities Act of 1933 and Rule 506 promulgated thereunder and contain a restrictive legend in accordance with Rule 144.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: December 29, 2006
ORIGINALLY NEW YORK, INC.
By: /s/ Taylor Moffitt -------------------------------------------------------------------------------- Date: December 29, 2006 Taylor Moffitt CEO/ /Director
By: /s/ Chris McGovern -------------------------------------------------------------------------------- Date: December 29, 2006 Chris McGovern President/Treasurer
Fri, Jan 5, 2007 U.S. Sustainable Energy Corp. and Diversified Ethanol Inc. Sign Memorandum of Understanding to Join Forces to Enter Multi Billion Dollar Ethanol Market Market Wire (Fri 2:09pm) Thu, Jan 4, 2007 Diversified Ethanol a Division of Originally New York, Inc Closing in on $12 Billion Deal to Become Market Leader in Ethanol Production Business Wire (Thu, Jan 4) ORIGINALLY NEW YORK INC Files SEC form 8-K, Unregistered Sale of Equity Securities EDGAR Online (Thu, Jan 4) Wed, Jan 3, 2007 Diversified Ethanol A Division of Originally New York, Inc Expands with 14-Acre Purchase On Schedule Business Wire (Wed, Jan 3) Wed, Dec 20, 2006 ORIGINALLY NEW YORK INC Files SEC form 8-K, Unregistered Sale of Equity Securities EDGAR Online (Wed, Dec 20) Sat, Dec 16, 2006 Diversified Ethanol A Division of Originally New York, Inc. Begins Sectional Test Runs Business Wire (Sat, Dec 16) Sat, Dec 9, 2006 Diversified Ethanol, A Division of Originally New York, Inc, Announces ''Plant Leasing Program'' for Ethanol Research & Development Business Wire (Sat, Dec 9) Fri, Dec 1, 2006 ORIGINALLY NEW YORK INC Financials EDGAR Online Financials (Fri, Dec 1) Mon, Nov 27, 2006 Diversified Ethanol Has a New Ethanol Plant Planned for Construction Business Wire (Mon, Nov 27) Wed, Nov 22, 2006 Diversified Ethanol A Division of Originally New York, Inc Increases Production Capabilities Due to Demand Business Wire (Wed, Nov 22) Fri, Nov 17, 2006 Diversified Ethanol / Originally New York, Inc. Begins Affiliate Program Business Wire (Fri, Nov 17) ORIGINALLY NEW YORK INC Files SEC form 10QSB, Quarterly Report EDGAR Online (Fri, Nov 17) Thu, Nov 9, 2006 Diversified Ethanol A Subsidiary of Originally New York Inc Nearing Completion of First Plant Ahead of Schedule Business Wire (Thu, Nov 9) Tue, Oct 31, 2006 Originally New York Enters the Renewable Energy Arena: Ethanol Plant Construction & Engineering Business Wire (Tue, Oct 31) Fri, Oct 20, 2006 ORIGINALLY NEW YORK INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhi EDGAR Online (Fri, Oct 20) Wed, Oct 18, 2006 ORIGINALLY NEW YORK INC Files SEC form 8-K, Material Modification to Rights of Security Holders, Amendments to Articl EDGAR Online (Wed, Oct 18) Thu, Oct 12, 2006 ORIGINALLY NEW YORK INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhi EDGAR Online (Thu, Oct 12) Mon, Aug 14, 2006 ORIGINALLY NEW YORK INC Files SEC form 10QSB, Quarterly Report EDGAR Online (Mon, Aug 14) Wed, Jun 7, 2006 ORIGINALLY NEW YORK INC Files SEC form 10QSB/A, Quarterly Report EDGAR Online (Wed, Jun 7) Wed, May 17, 2006 ORIGINALLY NEW YORK INC Files SEC form 10QSB, Quarterly Report EDGAR Online (Wed, May 17)
ONYI:US Originally New York Inc
Industry: Apparel Manufacturers Add Security to your Watch List
01/05 OTC BB Currency: USD
Price 0.750 Change -0.490 % Change -39.516 Bid 0.700 Ask 0.750 Open 1.080 Volume 1,006,047 High 1.100 Low 0.590 52-Week High 1.29 (01/04/07) 52-Week Low 0.06 (03/14/06) 1-Yr Return N.A.%
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) 42.972 Market Cap (Millions) 32.229 Float (Millions) 42.972 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.
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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Press Release Source: James Monroe Capital Corporation
James Monroe Capital Dividend Update Friday December 8, 11:16 am ET
CHICAGO--(BUSINESS WIRE)--James Monroe Capital Corporation (Pink Sheets:JMCP - News) has authorized a stock dividend of its restricted shares of Originally New York, Inc. such that every holder of 2010 shares of the Company's issued and outstanding stock shall be entitled to receive 1 share of Originally New York, Inc. Legal counsel has advised a delay to allow time for compliance with all NASD standards. The new record date is the 29th of December. The new pay date is the 12th of January. ADVERTISEMENT
The dividend stock is unregistered and accordingly would be restricted. There will be a two-year restriction on the stock. This protects shareholder value. Following the holding period, the restricted stock will also be subject to selling limits proportionate to the size of the company. This also helps to protect share prices.
James Monroe Capital President Chris McGovern said, "We have our known broker list, and will follow the strictest procedures of accurate dividend practice. We apologize for the delay. It was not what we wanted, but we place the highest priority on legal compliance standards. An information statement will be included in the mailing of the stock certificates."
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Contact: James Monroe Capital Corporation, Northbrook Chris McGovern, 847-418-3848
-------------------------------------------------------------------------------- Source: James Monroe Capital Corporation Press Release Source: James Monroe Capital Corporation
James Monroe Capital Progress Report Saturday January 6, 12:03 pm ET
CHICAGO--(BUSINESS WIRE)--James Monroe Corporation (Pink Sheets: JMCP - News) has successfully executed its restricted stock dividend of ONYI, and now shareholders own two stocks, with ONYI being more valuable, respectively. Shareholders are advised to check with their brokers for more information such as when stock will show up in brokerage accounts and when stock can be safely sold without losing the dividend. ADVERTISEMENT
Taylor Moffitt commented, "We're transitioning into a new opportunity here. We all now own two stocks, and need to make the most of both of them. Yes, the news you've heard about our new project at ONYI is real. I saw this machine work with my own eyes, touched it, reviewed university certification documents, and chemical analysis documents myself. While Chris and I are focusing on ONYI projects (that other companies have allegedly attempted to purchase with offers to the tune of $9 and $12 billion) we do not want to waste our most liquid asset, JMCP. Next week we will begin what may be a long process of interviewing potential executives to head up JMCP. Chris and I will continue to remain loyal shareholders, supporters, and advisors for JMCP, and will continue to refer deals to the company, even if new talent is coming to inspire fresh ideas. We will be selective, and hire the best person for the job. Diane Aldrich will remain with JMCP. As we all know, ONYI now owns many of the assets and projects JMCP had, including the JMCP name. However, I am pleased to announce that the James Monroe Capital of today will be keeping its name, will continue to be viable, and will continue to grow into the future. I have heard the requests of my long-term partners and the need for liquidity and growth, and I treat all of my long-term partners as family. Over my dead body will anyone be allowed to hurt my family. God Bless."
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Contact: James Monroe Capital Corporation, Northbrook, IL Chris McGovern, 847-418-3848
-------------------------------------------------------------------------------- Source: James Monroe Capital Corporation
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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