Red Alert Group and Nannaco Execute Definitive Merger Agreement Monday July 19, 1:22 am ET
ATLANTA, July 19, 2004 (PRIMEZONE) -- Red Alert Group, Inc. announced today that it executed an Agreement and Plan of Merger with Nannaco, Inc. (OTC BB:NNCO.OB - News). The Board of Directors of both Red Alert Group and Nannaco completed negotiations and signed the Merger Agreement, subject to regulatory approval and approval by Nannaco shareholders. Red Alert Group shareholders approved the merger. ADVERTISEMENT
Steve Careaga, current CEO of Nannaco, noted, ``It is gratifying to have advanced the transaction to this point. Upon shareholder approval and completion of the necessary conditions to closing, this merger will be completed and current Nannaco shareholders will now be participating in what we believe should be a burgeoning marketplace.''
Dr. Timothy Holly, CEO of Red Alert Group, said: ``We believe completing this transaction will further position Red Alert to seize opportunities that will benefit the shareholders of the combined company.''
Red Alert Group provides solutions for Homeland Security, Cyber Security, and Private Military Security. The firm operates in the US from its headquarters in Atlanta and its government office in Washington. Red Alert Group International BV, in The Hague, and Red Alert Group Pte. Ltd., in Singapore, are its wholly-owned subsidiaries, and it has a representative office in Kuwait. Information on Red Alert Group's services, training, products and management can be found at http://www.RedAlertGroup.com.
Nannaco previously provided surface cleaning, protection, and restoration services. The company became a consultant to commercial customers and is seeking to improve its financial position through a combination with a company capable of maximizing shareholder value. More information about Nannaco can be found at http://www.sec.gov.
Posts: 9110 | From: boston, ma | Registered: Jan 2004
| IP: Logged |
quote:Originally posted by realityinc21: TRYING TO BUY ON A DIP--PEOPLE ARE NOT BUDGING OFF THE ASK. THEY KNOW WHAT THEY HAVE. DARN!! I WANT TO BUY--JUST NOT TO HIGH.
I got in 120000 shares at .0024... Should have set a little lower but oh well. Looks like it still has steam in it so far. Not getting greedy though...got my sell in place for even a small amout of good news. I missed yesterdays run..so just playing with this one with spare money.
posted
LOOKS LIKE IF IT PASSES .0036 WE ARE IN FOR .004. RESISTANCE AT .006--WHO KNOWS..WILL DIP FOR SURE. BUY LOW AND SELL HIGH....GAME'S ARE ABOUT TO BEGIN.. LOL
Red Alert Group and Nannaco Execute Definitive Merger Agreement E-mail or Print this story
19 July 2004, 01:22am ET
ATLANTA, July 19, 2004 (PRIMEZONE) -- Red Alert Group, Inc. announced today that it executed an Agreement and Plan of Merger with Nannaco, Inc. (OTCBB:NNCO). The Board of Directors of both Red Alert Group and Nannaco completed negotiations and signed the Merger Agreement, subject to regulatory approval and approval by Nannaco shareholders. Red Alert Group shareholders approved the merger.
Steve Careaga, current CEO of Nannaco, noted, "It is gratifying to have advanced the transaction to this point. Upon shareholder approval and completion of the necessary conditions to closing, this merger will be completed and current Nannaco shareholders will now be participating in what we believe should be a burgeoning marketplace."
Dr. Timothy Holly, CEO of Red Alert Group, said: "We believe completing this transaction will further position Red Alert to seize opportunities that will benefit the shareholders of the combined company."
Mentioned Last Change NNCO 0.0025 (Unchanged) Red Alert Group provides solutions for Homeland Security, Cyber Security, and Private Military Security. The firm operates in the US from its headquarters in Atlanta and its government office in Washington. Red Alert Group International BV, in The Hague, and Red Alert Group Pte. Ltd., in Singapore, are its wholly-owned subsidiaries, and it has a representative office in Kuwait. Information on Red Alert Group's services, training, products and management can be found at www.RedAlertGroup.com.
Nannaco previously provided surface cleaning, protection, and restoration services. The company became a consultant to commercial customers and is seeking to improve its financial position through a combination with a company capable of maximizing shareholder value. More information about Nannaco can be found at www.sec.gov.
Forward-looking statements in this release involve a number of risks and uncertainties including, but not limited to, successful and timely realization of the expected benefits of the merger and other risks such as the effects of competitive products and pricing, economic and political conditions, as well as the ability to pay down existing debt, unforeseen costs and expenses, and other factors over which we have little or no control may cause actual results to differ from expected results. Red Alert Group, Inc. and Nannaco, Inc. undertake no obligation to update any forward-looking statements.
CONTACT: Red Alert Group, Inc. Dr. Timothy A. Holly Toll Free: (866) 786-4946 Tel: (404) 256-6531 Fax: (404) 256-6532 Email: ceo@redalertgroup.com Website: www.RedAlertGroup.com E-mail this story Print this story Nannaco Inc|active (BB) News Red Alert Group and Nannaco Execute Definitive Merger Agreement 19 July 2004, 01:22am ET, PrimeZone
Nannaco Acquisition Target, Red Alert Group, Provides VIP Protection to Jerry Lee Lewis 1 June 2004, 11:00am ET, PR Newswire
Nannaco Lists on Berlin Stock Exchange 27 May 2004, 11:00am ET, PR Newswire"
posted
im in nice volume again looking for a nice run at close gap in am! trying for more here at .0025 hasnt picked me up yet.
Posts: 9110 | From: boston, ma | Registered: Jan 2004
| IP: Logged |
quote:Originally posted by keithsan: im in nice volume again looking for a nice run at close gap in am! trying for more here at .0025 hasnt picked me up yet.
ARE YOU SEE THE CHARTS AND THE CLOSE AT .0035. IF WE BREAK .0036 THEN CLOSE AT .004 OR ABOVE? OPINIONS...
posted
Hope your right, I'm partially filled at .0024, I'm waiting for the rest of my order to fill. I would love a good EOD run.
Posts: 1120 | From: San Diego, CA | Registered: Feb 2000
| IP: Logged |
quote:Originally posted by kbpkt: Hope your right, I'm partially filled at .0024, I'm waiting for the rest of my order to fill. I would love a good EOD run.
CHARTS ARE ON IT....REVERSAL NOW--NEED TO GET PAST THE .0035 RESISTANCE. IF NOT TODAY, SHOULD BE IN THE A.M. JMHO
MERGER AND NEW IT COULD REALLY ROLL. THAT IS JUST THE CHARTS. NO EMOTIONAL FACTORING.
quote:Originally posted by realityinc21: CHARTS ARE ON IT....REVERSAL NOW--NEED TO GET PAST THE .0035 RESISTANCE. IF NOT TODAY, SHOULD BE IN THE A.M. JMHO
MERGER AND NEW IT COULD REALLY ROLL. THAT IS JUST THE CHARTS. NO EMOTIONAL FACTORING.
Alright, I'm filled...Let's roll...
Posts: 1120 | From: San Diego, CA | Registered: Feb 2000
| IP: Logged |