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Author Topic: IVGA....Wanna' take a cruise?
candylion
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News out:

Invicta Group Inc. Management Reduces Debt by $175,000
Business Wire - February 14, 2005

MIAMI BEACH, Fla., Feb 14, 2005 (BUSINESS WIRE) -- Invicta Group Inc. (OTCBB:IVGA) announced today that its management team has converted $175,000 of deferred compensation to stock, valued at 2 cents per share; no options were offered.

Invicta's management team of Bill Forhan, David Scott, and Mercedes Henze converted $175,000 deferred Compensation to Preferred stock.

Bill Forhan, CEO, states: "the management team has again accepted stock in Invicta because we believe the stock is under valued, and we converted at nearly three time the current stock price. Management has been deferring salaries in 2003 and 2004 to maximize IVGA cash. Invicta management converted over $620,000 in deferred compensation in January 2004. We will review the stock price again in the near future and may take additional stock in place of shareholder loans and deferred compensation in an effort to continue diminishing liabilities and increasing equity in the company."

Invicta Group Inc. is a technology company that specializes in the Travel and Entertainment Industries. The company has the following three divisions:

-- Travel: engaged in offering airline tickets, hotel rooms, car
rentals and other travel-related products over the telephone
and Internet 24/7 through our web sites located at
www.dontpayfullfare.com- an international air consolidator
offering non published rates to travel agents, www.airplan.com
- a Las Vegas tour operator offering travel and entertainment
products for Las Vegas travellers, and
www.lasvegasexcitement.com.

-- Entertainment: offering complimentary Casino Resorts rooms,
meals, and shows to qualified players at 30 casinos in North
America and the Caribbean through our web site located at
www.casinoratedplayers.com; and

-- Technology: IVGA owns its own search engine "on the fly
faring." In addition, IVGA recently acquired ISIP Telecom
Group, Inc. (www.isiptelecom.com), which provides the ability
to make telephone calls worldwide via the Internet with clear
reception at low rates. ISIP Telecom will soon be offering its
services to the travel industry, and has already entered into
interconnection agreements with major operators in the U.S.,
Europe, & Latin America via VOIP & PSTN for traffic
termination and origination.

SOURCE: Invicta Group Inc.

Invicta Group Inc:
David Scott, 305-866-6525

Posts: 41 | Registered: Apr 2004  |  IP: Logged | Report this post to a Moderator
Spartans
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Anyone still playing this...???
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
lilpennypincher
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always watchin'

--------------------
Lil,

Dont LOSE more than you can afford to invest....LOL

I'm buying low and selling into the run...

Posts: 8024 | From: Joisey....see attitude above | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
Spartans
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quote:
Originally posted by lilpennypincher:
always watchin'

Looks to me that this will pop within the next week...Put in a buy this morning at .0075...L2's are showing that .0073-.0075 looks like a good bottom ...or close to bottom PPS...There's not much rsistance to .01 and beyond...
What is your feeling LIL?

Posts: 2660 | From: Pennyland USA | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
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