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-------------------------------------------------------------------------------- SAN ANTONIO and LAKE DALLAS, Texas, March 13 /PRNewswire-FirstCall/ -- Analytical Surveys, Inc. (ASI) (Nasdaq: ANLT), and Ecowood, Inc., today announced the execution of a letter of intent to combine the companies in a tax-free, all stock merger to form an environmentally friendly, diversified natural resource company.
The new combined company will focus on Ecowood's core business of hardwood log recovery from the Amazon River system. The recovery process not only cleanses the river system and relieves pressure on the living rainforest, but also provides high-quality, commercial hardwood logs that are used to produce furniture, hardwood floors, and other wood-based products. The combined company will continue to operate the ASI Energy business, which is focused on the discovery of oil and natural gas resources, as a wholly owned subsidiary.
Ecowood will contribute assets to the combined new company that include property, customer contracts, and exclusive licenses and permits to salvage logs from several of the major rivers in Northern Brazil, principally the Amazon River. The new company will also benefit from an existing financing package that provides access to more than $200 million for future investment and working capital.
"We are excited about the opportunities that will be made possible through the merger of these companies," said Michael Alexander CEO of Ecowood and Lori Jones, CEO of ASI in a joint statement. "Merging these companies creates a unique opportunity to establish a strong revenue stream through an environmentally responsible process that will ultimately benefit the global environment."
The companies expect to execute a definitive merger agreement by March 16. The final transaction will be subject to approval by ASI shareholders, the satisfaction of customary closing conditions and regulatory review and approvals from NASDAQ and the Securities and Exchange Commission, among others. Pending all approvals, the companies expect the transaction to be completed during the second quarter of calendar 2007.
Analytical Surveys, Inc., is a San Antonio-based oil and gas company focused on participation in non-operating exploration and production of U.S. onshore oil and natural gas reserves. ASI is headquartered in San Antonio, Texas. For more information, please visit http://www.asienergy.com.
Ecowood, Inc. was formed in February 2007 to salvage lost logs on several of the major rivers in Northern Brazil, principally the Amazon River. Over the past 300 years, a great number of logs have been lost on the way to sawmills. New technology and modern equipment now make it practical and profitable to salvage the estimated 61.4 billion cubic meters of recoverable logs from the navigable river ways. For more information, please visit http://www.soggylogs.com.
This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding the Company's strategy, future sales, future expenses and future liquidity and capital resources. All forward-looking statements in this press release are based upon information available to the Company on the date of this press release, and the Company assumes no obligation to update any such forward-looking statements. The Company's actual results could differ materially from those discussed in this press release. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in Item 1. Business--"risk factors" and elsewhere in the Company's Annual Report on Form 10-KSB.
Contacts: Analytical Surveys, Inc. Pfeiffer High Investor Relations, Inc. Lori Jones Geoff High Chief Executive Officer 303/393-7044 210/657-1500
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Euroclear Bank introduces unlimited collateral re-use feature - 28/02/2007
Language: English Brussels, 28 February 2007 - Effective immediately, Euroclear Bank’s triparty collateral management clients can increase the liquidity of their securities collateral by re-using these securities to cover multiple exposures arising from repos, securities lending, derivatives or other collateralised transactions with different counterparties. Currently valued at over EUR 320 billion daily, client collateral administered by Euroclear Bank, as triparty agent, represents tremendous re-use potential as clients now have the capacity to pool securities received as collateral and re-use them in any other triparty transaction.
Olivier Grimonpont, Euroclear Bank’s Director and head of Collateral Management and Securities Lending Services, stated: “Our commitment to, and dialogue with, our clients and the Collateral User Group have produced a market-driven enhancement that will offer new collateralised trading opportunities as liquidity pools swell. Our new re-use feature is an important step in supporting the general collateral repo business in Europe, allowing a greater portion of the business to be processed in a triparty environment. Indeed, only 10% of all repos in Europe are conducted with triparty collateral management support compared to an estimated 50% in the United States.”
This new re-use feature is fully automated and integrated within Euroclear Bank’s triparty collateral-management service. AutoSelect, the automatic securities allocation and monitoring module, has been upgraded to manage multiple collateral re-use possibilities within each of the 15 AutoSelect daily cycles. Collateral givers will retain full control of securities pledged as collateral, and may substitute all securities from all legs of all collateralised transactions during each and every one of the AutoSelect cycles.
Note to Editors
Triparty collateral management deals outstanding at Euroclear Bank rose by 25% to a daily average of EUR 308.7 billion at the end of 2006 compared to EUR 246 billion at the end of 2005.
Euroclear is the world’s largest provider of domestic and cross-border settlement and related services for bond, equity and fund transactions. User owned and user governed, the Euroclear group includes Euroclear Bank, based in Brussels, as well as Euroclear Belgium, Euroclear France, Euroclear Nederland and CRESTCo, the central securities depositories of Belgium, France, the Netherlands, and the UK and Ireland, respectively. Euroclear recently acquired EMXCo, the UK’s leading provider of investment-fund order routing. The total value of securities transactions settled by Euroclear is in excess of EUR 450 trillion per annum, while assets held for clients are valued at more than EUR 18 trillion. Euroclear Bank is rated AA+ by Standard & Poor’s and Fitch Ratings.
-------------------- "If you go the Extra Mile there will be no Traffic Jams".
quote:Originally posted by St. Matthew: Media releases
Euroclear Bank introduces unlimited collateral re-use feature - 28/02/2007
Language: English Brussels, 28 February 2007 - Effective immediately, Euroclear Bank’s triparty collateral management clients can increase the liquidity of their securities collateral by re-using these securities to cover multiple exposures arising from repos, securities lending, derivatives or other collateralised transactions with different counterparties. Currently valued at over EUR 320 billion daily, client collateral administered by Euroclear Bank, as triparty agent, represents tremendous re-use potential as clients now have the capacity to pool securities received as collateral and re-use them in any other triparty transaction.
Olivier Grimonpont, Euroclear Bank’s Director and head of Collateral Management and Securities Lending Services, stated: “Our commitment to, and dialogue with, our clients and the Collateral User Group have produced a market-driven enhancement that will offer new collateralised trading opportunities as liquidity pools swell. Our new re-use feature is an important step in supporting the general collateral repo business in Europe, allowing a greater portion of the business to be processed in a triparty environment. Indeed, only 10% of all repos in Europe are conducted with triparty collateral management support compared to an estimated 50% in the United States.”
This new re-use feature is fully automated and integrated within Euroclear Bank’s triparty collateral-management service. AutoSelect, the automatic securities allocation and monitoring module, has been upgraded to manage multiple collateral re-use possibilities within each of the 15 AutoSelect daily cycles. Collateral givers will retain full control of securities pledged as collateral, and may substitute all securities from all legs of all collateralised transactions during each and every one of the AutoSelect cycles.
Note to Editors
Triparty collateral management deals outstanding at Euroclear Bank rose by 25% to a daily average of EUR 308.7 billion at the end of 2006 compared to EUR 246 billion at the end of 2005.
Euroclear is the world’s largest provider of domestic and cross-border settlement and related services for bond, equity and fund transactions. User owned and user governed, the Euroclear group includes Euroclear Bank, based in Brussels, as well as Euroclear Belgium, Euroclear France, Euroclear Nederland and CRESTCo, the central securities depositories of Belgium, France, the Netherlands, and the UK and Ireland, respectively. Euroclear recently acquired EMXCo, the UK’s leading provider of investment-fund order routing. The total value of securities transactions settled by Euroclear is in excess of EUR 450 trillion per annum, while assets held for clients are valued at more than EUR 18 trillion. Euroclear Bank is rated AA+ by Standard & Poor’s and Fitch Ratings.
WHOAH! Did I just see Triparty Collateral at the top of this? YES! I definately remember months ago somebody mentioned the Trilateral commission in the US government but I wonder if this is what was meant?
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There goes ecowood, I feel confident that we still have all the NSS stuff to depend on that Rufus puts such great confidence in as a business plan for joint mergers etc,. Ya right!
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I feel like I went back in time reading that PR. about M.A. and Ecowood!
I don't give advice on stocks , but IMO, WHAT THE ?.
That is what got my family into this wayyyyyy back then. This may be a "good" thing, who's to really say. But I for one am running the other way, far away from M.A.
If and when this hits it big Anyone that made it big can rub this post in my face. I for one smell something, oh ya, It starts with a P. and a D. In my opinion ONLY!{second thought, if the smell is right could make money at first}
For any newbie's , please do as much D.D. as you can before getting into ANY stock.
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Trying to find news and nothing! Nothing in the news, wires, SEC or CSHD website.
Ran across this old info though:
Insider Activity for Alexander, Michael D Transaction Date Transaction Type Ownership Type Market Value Shares Price Range Total Holdings January 17, 2007 Exercise of Stock Options Direct $500.0K 50,000,000.00 $0.01 - 0.01 11,934,800.00
Looks like M.A. sold 500K worth of options and still owns a tone of stock. Maybe he used the money from the sale to finance the Ecowood work. ??
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[QUOTE]Originally posted by Stockstar69: [qb] Trying to find news and nothing! Nothing in the news, wires, SEC or CSHD website.
Ran across this old info though:
Insider Activity for Alexander, Michael D Transaction Date Transaction Type Ownership Type Market Value Shares Price Range Total Holdings January 17, 2007 Exercise of Stock Options Direct $500.0K 50,000,000.00 $0.01 - 0.01 11,934,800.00
Looks like M.A. sold 500K worth of options and still owns a tone of stock. Maybe he used the money from the sale to finance the Ecowood work. ??
Explanation of Responses: 1. Gifting of shares to various charity, non-affiliate entities and/or non-affliates. 2. Result of sale by Paula Alexander. 3. Total of $2,500,000 shares held jointly by Michael Alexander and Paula Alexander after the sale on 08/18/2006. 4. Acquisition a result of conversion of convertible preferred stock issued to Michael D. Alexander as chief Executive Officer on 12/30/2004. Preferred stock converted at a ratio of 100 common shares to 1 preferred share. 5. Conversion of preferred stock to common stock at a ratio of 100 common shares to 1 preferred share.
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There is an attorney and the default has been answered; that is a fact, it just hasn't been announced. The default isn't on Pacer because it hasn't been filed with the court yet. If there was a massive exit of shareholders, why would Rufus say there is 6000 of us? I think we are seeing the shorts covering which I think is part of a deal that will bring us great things. I also think we are very close to getting ONE FELL SWOOP as Rufus always said would happen.
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Analytical Surveys plans all-stock merger with Ecowood By Simon Kennedy Last Update: 6:18 AM ET Mar 13, 2007
ANLT ) said it has agreed a letter of intent to execute an all-stock merger with Ecowood Inc. to create a diversified natural resources group. ("Ecowood salvages hardwood logs lost on the way to sawmills in the Amazon"). Analytical surveys said Ecowood will contribute assets including property and salvaging rights and added the new company will have access to more than $200 million for future investment and working capital. The firms expect to execute a definitive merger agreement by March 16 and expect the transaction to be completed in the second quarter of 2007.
I got a question anyone know if ecowood ever harvested any logs? I think it's kind of like how much wood would a wood chuck chuck if a woodchuck could chuck wood.
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quote:Originally posted by Ocqueoc: Analytical Surveys plans all-stock merger with Ecowood By Simon Kennedy Last Update: 6:18 AM ET Mar 13, 2007
ANLT ) said it has agreed a letter of intent to execute an all-stock merger with Ecowood Inc. to create a diversified natural resources group. ("Ecowood salvages hardwood logs lost on the way to sawmills in the Amazon"). Analytical surveys said Ecowood will contribute assets including property and salvaging rights and added the new company will have access to more than $200 million for future investment and working capital. The firms expect to execute a definitive merger agreement by March 16 and expect the transaction to be completed in the second quarter of 2007.
I got a question anyone know if ecowood ever harvested any logs? I think it's kind of like how much wood would a wood chuck chuck if a woodchuck could chuck wood.
Log harvesting has been going on since 1998. If you research the licenses you see they have a fixed volume of logs the license is registered for.
The volume of logs needed to create a million dollars of gross profit prob takes quite some time (Considering the 5.00 per board foot price).
Which explains why this "lottery ticket" has been unclaimed for quite some time.
Anothing thing to note that makes me think this entire Ecowood portion stinks is the fact they can just "lose" the 4 Trillion dollars that they PR'd worth of Carbon Credits.....that smells a bit fishy
-------------------- Got CSHD? Its fun
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For the people who think the volume is up due to shorts covering, think hard, why would the PPS be down then? .....sounds like the opposite; people getting out while they still can.....
-------------------- ..just remember....Family is EVERYTHING!!
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quote:Originally posted by Jenna: For the people who think the volume is up due to shorts covering, think hard, why would the PPS be down then? .....sounds like the opposite; people getting out while they still can.....
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