posted
Ok, started a new thread. Used to be UMKG. It's up 2 days now, very low volume. If news should hit, I think this will explode. Can anyone give me the float on this?
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Press Release Source: Knockout Holdings, Inc.
Knockout Holdings, Inc., Marketer of George Foreman's Knock-Out Cleaners, Completes $8.0 Million Financing Tuesday January 18, 3:10 pm ET
NORTHLAKE, Ill.--(BUSINESS WIRE)--Jan. 18, 2005--Knockout Holdings, Inc., (OTCBB:KNOH - News), developer and exclusive marketer of George Foreman's Knock-Out® line of non-toxic, environmentally friendly cleaners and disinfectant, today announced that it has completed $8.0 million in financings in connection with the Dec. 28, 2004, merger with The Knockout Group, Inc. The company raised approximately $5.5 million through an offering of Units consisting of Series B Preferred Stock and Common Stock Purchase Warrants, which closed Jan. 17, 2005. The Units were sold to investors at a price of $46.89 per Unit. Each share of Series B Preferred Stock is convertible into approximately 160 shares of the company's common stock. For each share of Series B Preferred Stock purchased, investors received 16 Common Stock Purchase Warrants with an exercise price of $2.25.
In December 2004, The Knockout Group, Inc. raised approximately $2.5 million in a convertible preferred stock offering. The investors in the prior financing of The Knockout Group, Inc. will receive Common Stock Purchase Warrants on the same terms as investors in Knockout Holdings' Series B Preferred Stock.
"The successful completion of these two offerings of preferred shares and warrants has provided the capital required for us to formally launch our line of George Foreman's Knock-Out® household cleaners and disinfectant," said John Bellamy, chairman and chief executive officer of Knockout Holdings.
The company pre-launched its George Foreman's Knock-Out® household cleaners and disinfectant line in August 2004. It already has product placements in more than 7,000 stores, including Albertson's, Duckwall, Publix, Target, Walgreen's and the military exchanges.
Knockout Holdings, Inc., based in Northlake, Ill., is committed to developing and marketing celebrity-branded consumer products that are safe for human use and environmentally friendly.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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Knockout Holdings, Inc., Marketer Of George Foreman's Knock-Out Cleaners, Retains BDO Seidman LLP Accountants and Consultants As Independent Accountants Wednesday January 19, 5:50 pm ET
NORTHLAKE, Ill.--(BUSINESS WIRE)--Jan. 19, 2005--Knockout Holdings, Inc., (OTCBB:KNOH - News), exclusive developer and marketer of George Foreman's Knock-Out® line of non-toxic, environmentally friendly cleaners and disinfectant, announced today that the board of directors has approved the engagement of, and the company has engaged, BDO Seidman LLP Accountants and Consultants as the company's independent accountants. Knockout Holdings, Inc., based in Northlake, Ill., is committed to the development of celebrity-branded consumer products that are safe for human use, thereby contributing to healthy lifestyle choices. The company pre-launched its line of George Foreman's Knock-Out® household cleaners and disinfectant in August 2004, and already has product placements in more than 7,000 stores, including Albertson's, Duckwall, Publix, Target, Walgreen's and the military exchanges.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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