EZ2companies, Inc. Announces Execution of Letter of Intent
Market Wire "US Press Releases "
MIAMI, FL -- (MARKET WIRE) -- 12/06/06 -- EZ2Companies, Inc. (PINKSHEETS: EZTO) (the "Company") announced today that it has entered into a Letter of Intent with Western Hemisphere Petroleum, Inc. ("Western Hemisphere").
The Company has agreed to acquire all of Western Hemisphere's equity in exchange for a number of shares of the Company's common stock to be determined upon the execution of a definitive agreement between the parties. Closing of the transaction is conditioned upon, among other items, the consent of the Company's largest creditor.
The Company's CEO, Francisco Acosta Coloma, commented; "We believe the acquisition of Western Hemisphere will complement the Company's recent business shift toward petroleum related operations." Following, the closing, Western Hemisphere will become a wholly owned subsidiary of the Company.
Posts: 42 | Registered: Feb 2007
| IP: Logged |
posted
For this week EZTO indicators looking great...Rumors starting to come out of the woodwork...Obviously, we will see what develops either way this is a super low floater (17k took it up huge friday)...Look for a dip or load .008-.01 resistance if it looks strong monday morning!!!
posted
Jeff is intent on making his 5+ million shares worth $2.5 million-it might happen in the next few months-loading time.
Posts: 902 | Registered: Feb 2004
| IP: Logged |
posted
Ez2Companies Appoints Paul Vizard as Chief Technology Officer to Develop Ez2stream.tv Webmaster Podcasting Software, and Associated Streaming Services Ez2Companies (PINKSHEETS: EZTO) announced today that it has appointed Paul Vizard as Ez2Companies Chief Technology Officer to develop Ez2Stream.tv, which will offer media delivery systems, software, technology and hosting. Mr. Vizard will assume the role of President and CEO of Ez2stream once development of the site is complete and a new corporation is formed.
Clients will have access to video and audio broadcasting tools for use in podcasting, commercials, infomercials, promotions, and online movie playback, which will be accomplished through various developer websites, numerous video delivery platforms, and software solutions such as Flash Video Streaming, Webmaster Podcasting via iTunes, and FLV Video delivery, which is set to launch in May of 2007.
Jeff Berkowitz, EZTO President, said, "I'm excited about working with Paul to bring Ez2stream to fruition. He brings years of hands on experience and creative talent in Flash Video Delivery and software development to the table. I expect this project to be the beginning of many for Paul and Ez2stream. For us giving Paul the control he needed to develop and manage Ez2stream development and management was an EZ choice. We feel with the lead role in hand, Paul will expedite the growth of Ez2stream in a way that he could not before."
"I am happy to be returning to Ez2Companies and the 'new' EZ2 team," said Paul Vizard. JB and myself have spoken on a number of occasions about how Ez2stream could bring value to shareholders. The timing could not be better, as we have been working behind the scenes at www.superchargedsoftware.com and at www.flashvideostream.com to ready these and other applications for launch. It is quite ironic that sites like YOUTUBE, GOOGLE, and YAHOO only recently embraced the Flash FLV video format when we have been working with it for 7 years." Products available will include Webmaster Podcaster, for podcasting on Apple iTunes and iTunes feeds, Swf Encryptor, for protecting video playback code, Personal Voice Recorder, for high quality sales presentations, and WebMaster Media Maker to generate Streaming Audio and Streaming Video.
Further releases of FLV Media applications are slated for June 2007, including video sharing websites, FLV player generators, and media delivery players for use by website owners.
Forward-Looking Statements Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "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 are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements.
Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: competitive and general economic conditions, adverse effects of litigation, the timely development and acceptance of services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management, increased government regulation or the company's failure to integrate its acquired companies to achieve the synergies and efficiencies described in the "Management's Discussion and Analysis" section of the Company's Form 10-KSB and other reports and filings with the Securities and Exchange Commission, which may be revised or supplemented in subsequent reports on SEC Forms 10-QSB and 8-K.
CONTACT: Jeff Berkowitz EZ2 Companies, Inc. Tel: +1 561 348 0524 developer*ez2stream.tv
Posts: 902 | Registered: Feb 2004
| IP: Logged |
posted
now the news comes out after months of wishing. the potential pps now figures to be 20 cents in a few weeks, all that is needed is a follow up and that is almost assured.
Posts: 902 | Registered: Feb 2004
| IP: Logged |
posted
Check out the new CEO's message to shareholders. This company is going straight up after the shareholder's meeting on 14Dec07. Solid management team !!
Posts: 902 | Registered: Feb 2004
| IP: Logged |
D. Paul Graham, CEO and President Letter to Shareholders Ez2 Companies (PINKSHEETS: EZTO)
Dear Shareholders,
As you are aware, on November 12, 2007, I was appointed CEO and President of Ez2 Companies, following the resignation of Jeff Berkowitz. Jeff has done an extraordinary job of working diligently and selflessly on behalf of the Ez2 shareholders to ensure that the company continued to move forward to success, despite the difficult financial conditions faced by the company. We congratulate Jeff on a job well done that he undertook with integrity and focus for the best interests of the shareholders. We are pleased that he will continue his involvement with Ez2 as our Investor Relations consultant.
Our next planned steps are as follows:
1. Establish a new board of directors at the Special Shareholders Meeting to be held in Savannah on December 14, 2007. A proxy has been prepared and will be mailed to the shareholders that will detail the matters for vote at this meeting. The proxy will also be available on the Ez2 website next week. I'm certain that you will be impressed with the caliber and expertise of the Board of Directors that have been assembled to move Ez2 forward. Subject to a positive vote by shareholders, we will rename the company to Coastal Capital Acquisition Corp., establish a new CUSIP number, and move the domicile of the company to Georgia. As previously announced, we will begin to reconstruct the books and records of Ez2 through forensic accounting techniques, after which we will engage a highly recognized, SEC qualified CPA firm that will audit the books and records so that the company can regain its reporting status with the SEC and be re-listed on the over the counter bulletin board.
2. Secondly, we will develop a disciplined strategy to create shareholder value through mergers and acquisitions of manufacturing and transportation companies that are in the small to middle markets in North America. We have extensive contacts and experience, operationally, financially, and transactionally, in both of these sectors. It is our opinion that these industries are poised for significant consolidation opportunities and that, with proper capitalization and the expertise of our management team, we will leverage these opportunities to create value for our shareholders.
3. Thirdly, we will fund our mergers and acquisition program. Coastal Capital Partners, Inc., (CCP), of which I am President, provided the funding to pay off the Cornell Capital debt that allowed for the reduction of outstanding shares previously announced. CCP intends to raise significant capital to fund an aggressive program of mergers and acquisitions, and operations.
I look forward to working closely with the new board of directors and with you as shareholders. I want to stress that our program is not a "quick fix" for the Company's prior performance in the market. We have taken decisive steps to stabilize the Company and to position the Company for growth, but we will need time to execute our strategic plans. I am committed to and focused on developing the governance, management, and implementation of strategies to maximize shareholder value through a disciplined program of mergers and acquisitions. We will further detail this strategy as time goes by and we encourage the support of all of our shareholders as we move forward together.
Please feel free to contact me directly at dpgraham*Ez2Companies.net.
Sincerely, D. Paul Graham, CEO and President
Posts: 902 | Registered: Feb 2004
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Smile]](smile.gif)
![[Big Grin]](biggrin.gif)
