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TORONTO, Jan 25, 2006 (MARKET WIRE via COMTEX) -- INNOTELCO, Inc. (ILCO) , a marketer and distributor of telecom hardware and network solutions, announces signing of an Exclusive Supplier Agreement with Fenghua Yuguang Electron Wire & Cable Manufacturing Co. Ltd.
Innotelco and Fenghua Yuguang have signed a final agreement for Fenghua Yuguang to be the exclusive supplier of cable and cable products for Innotelco in the Southeastern Region of Europe. We believe that this agreement gives the company a better edge in developing business in the Balkan Region above our expectations. Innotelco has been able to negotiate suitable terms to meet the needs of the company and its clients and increase the profitability of our already signed contracts.
"Due to the signing of this agreement, I strongly believe that Fenghua Yuguang is the manufacturing company who can follow us and be part of our business plan and tender process for the future," said Ross Sehovic, CEO.
"The Southeastern European Region imports over half a billion euros of telecommunication equipment annually, and Innotelco has been successful in obtaining signed contracts. We at Fenghua Yuguang look forward to supplying them on these deals and to continue with our very beneficial relationship by working with Innotelco in any capacity to fulfill these contracts. We believe that Innotelco has received from us very advantageous terms and this will contribute to a durable business relationship," (Blank Zhang, Fenghua Yuguang).
About Fenghua Yuguang Electron Wire & Cable Manufacturing Co. Ltd.
The company manufactures cable products for the European, Middle East, and many other markets around the world. They have the technical ability to test products to quality standards manufactured in their factory.
The Fenghua Yuguang Electron Wire & Cable Manufacturing Co. Ltd. is located in Ningbo in the middle of China's coastline and in the south of Yangtze Delta. Ningbo is divided from Shanghai by the Hangzhou Bay and has grown into one of the four International deepwater harbours in China.
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They do that with the Bid / Ask overnight sometime. Why? I have no idea, but not to worry.
ILCO did have UHV yesterday, and again today. It was mentioned on the UHV thread as one to watch, on 1/25/06.
The thing that concerns me is, that it is a pink, and everyone is totally blind. With reporting companies if there is dilution present it is more readily apparent via the filings. The UHV is an indicator of something happening, in this case it could be MM's building inventory for a run, or the company taking advantage of a good PR to dilute. I like that it hit a new 65 day low today, but the lack of tranparency is bothersome. It's a gamble.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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This is going to bounce next week just recieved pm another board yes you guessed it news out next week. MMs did start raising the bid ask just before close maybe something. Got in at .0019 so a nice run will bring a good profit. Take that news out next week message with a grain of salt you just never know. At the current price as low as it is a bounce is most likely. should be an easy double atleast
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From PR: Management is in the process of planning a further trip to Europe and China. The trip to Europe in the coming weeks will be to finalize the Free Zone "Kovin" A.D. agreement and then to meet with customers and clients to discuss plans for 2006.
The trip to China will be to further explore and hopefully secure opportunities that are currently presented before the Company. "The Company will meet with our manufacturer to finalize discussions on the exclusive supply of cable and cable products and discuss other possible ventures," said Ross Sehovic, CEO.
That is the first PR expected freezonekovin and financing news just after that. When financing news is posted this is going thru the roof.
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Posted on RB by byg-sky. Thank you for your email, please accept our apologies for the delay in responding.
Regarding questions about the share structure, the company has been in the process of redesigning it’s website, which has taken longer than anticipated and has been unable to post that information and current press releases. We are working to have this situation remedied in the immediate future.
Listed below is the current share structure of the company:
The company has received many email requests for news on contracts, future plans and financing options. News and updates will be provided to the public and shareholders via press release announcements and company website updates.
Regarding questions of Financing. Several financial institutions offering a variety of financing options have approached the company. In considering these options and in an effort to maintain good relations with our shareholders, management will only consider financing with the least negative affect on share value.
As well, Management is aware of the negative impact that has occurred on our stock and would like to reassure our investors that we are following our long-term strategic plan and are taking appropriate measures to lay a solid foundation for the long-term prosperity of the company and it’s shareholders.
Management would like to take this opportunity to thank all shareholders for their patience and continued support and would encourage them to continue to communicate with the company any questions and concerns.
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people need to check on *********.com then on ihub bb I could use some help re my request for information under the FOIA act about ILCO and the number of FTDs on 2-3-2006. So far this is the body of my Fax to request this data. Only the personal data like my address is omitted.
All helpful suggestions will be appreciated. I intend to fax this Wednesday permit time for responses to this board request.
fax (703-914-1149) Name: XXXX e-mail address: XXXX*XXXXX Address: XXXXX Date: February 8, 2006 U.S. Securities & Exchange Commission FOIA Office, Stop O-5 6432 General Green Way Alexandria, VA 22312-2413
Dear Sir: Under the Freedom of Information Act (FOIA), please send me the record of the number of FTDs as discovered via Regulation SHO for the company, Innotelco. The stock symbol is ILCO. The data for the date February 3, 2006 is requested. I am requesting a fee waiver for search and review fees. My daytime telephone number is (XXX-XXX-XXXX). To support this request, I offer the following information. 1.This stock is listed on the Pink Sheets and has been on and off the FTD list. It currently is on the list and has been in excess of 28 consecutive days. 2.There are a very large number of investors who have stocks listed on the Pink Sheets in similar circumstances and we discuss Regulation SHO extensively on the message boards. This data would be of considerable assistance in determining the worth of the regulation and the activities of the SEC regarding buy-in and etc. It may also be referenced to support letters to interested media sources and governmental agencies. 3. I am a very minor shareholder in this company and see no way this information could benefit me financially.
Sincerely, ............end..... Ref data follows. Fee Waivers The FOIA permits a waiver of fees if release of the records is in the public interest because it (a) is likely to contribute significantly to public understanding of SEC operations or activities and (b) is not primarily in the requester's commercial interest. The U.S. Department of Justice, which provides guidance on FOIA compliance throughout the federal government, sets out six points for agencies to consider when deciding whether to grant a fee waiver. .... 1. The subject matter of the requested records must specifically concern identifiable "operations or activities of the government." A request for access to records for their intrinsic informational content alone would not satisfy this factor.
2. For the disclosure to be "likely to contribute" to an understanding of specific government operations or activities, the releasable material must be meaningfully informative in relation to the subject matter of the request.
3. The disclosure must contribute to the understanding of the public at large, as opposed to the understanding of the requester or a narrow segment of interested persons. One's status as a representative of the news media alone is not enough.
4. The disclosure must contribute "significantly" to public understanding of government operations or activities.
5. The extent to which disclosure will serve the requester's commercial interest, if any.
6. The identified public interest in the disclosure must outweigh the requester's commercial interest. .............. Sending Your FOIA Request A FOIA request for a copy of U.S. Securities & Exchange Commission (SEC) records can be made by any individual, private organization, or public organization, other than another Federal agency. The request must: (1) be in writing, (2) specifically cite the Freedom of Information Act, (3) reasonably describe the records sought (by name, date, and subject matter), and (4) indicate a willingness to pay fees, (specify the amount they are willing to pay) or ask for a fee waiver. There is no form to file. Just send a written request (see sample request) to the FOIA office by e-mail (foiapa*sec.gov), fax (703-914-1149), or mail (SEC, 6432 General Green Way, Mail stop 0-5, Alexandria, VA 22312-2413). Be sure to state your name, address, and telephone number on your request. You need not say why you want the records. Please limit a request to one subject. If records are required on more than one subject, i.e., a company or individual, please submit a request for each subject. If a request contains multiple subjects, it will be divided into multiple requests.
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Not sure what could happen here but look at gryf halted trading with several complaints to the u.s. securities and exchange commission
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