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Author Topic: SMMW closes deal early
J_U_ICE
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http://biz.yahoo.com/bw/20060418005920.html?.v=1

couldn't find old thread

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The difference between genius and stupidity is that genius has its limits

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buzzygresham
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J_U_ICE, you think it will do any good? hasnt been off one since like the day i bought it
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J_U_ICE
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I'm trying to stay positive but with so many O/S who knows. it can't hurt if the PR have merit we seem to be moving in the right direction

--------------------
The difference between genius and stupidity is that genius has its limits

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buzzygresham
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lets hope so
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J_U_ICE
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What happened to the old thread that Eddy started it seems to be gone

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The difference between genius and stupidity is that genius has its limits

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buzzygresham
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its prob way back on like page 7 or something. dont think anyone has been there in a while
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Monkeyman
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SMMW hasn't moved off of 0.0001 since I bought it either - hopefully the PR will make it move.
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J_U_ICE
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At least when they put out PR it appears to have some substance not just fluff like USXP (I own a bunch not bashing) and yesterdays RSHN BS (also own)

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The difference between genius and stupidity is that genius has its limits

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Pincher47
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STEAMBOAT SPRINGS, Colo., Apr 19, 2006 (BUSINESS WIRE) -- Summus Works, Inc. (Pink Sheets:SMMW) announced it has signed a letter of intent to acquire the Real Estate Network, LLC and Steamboat TV-17 in Steamboat Springs, Colorado. According to the letter, the Company will acquire the Real Estate Network's assets including Steamboat TV-17. Also, the Company will retain the services of REN founding partner Matt Windt.

"Not only will the Company gain a valuable asset and business concept while eliminating a competitor, but we gain an important human resource as well," said Business and Technology Director Nate Pickens. "We are very enthusiastic about Matt joining our Colorado team."

The deal is forecast to add more than $400,000.00 in annualized revenue and be accretive to SMMW earnings. The transaction's closing is subject to the execution of definitive agreements.

Summus Works, Inc. (Pink Sheets:SMMW) is a multi-media holding company with interests in outdoor sports, retail, e-tail, print, web, television and film. For more information on the company or its outdoor sports and media subsidiaries, visit www.summusworks.com.

his release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

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It will feel better when it stops hurting.

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ruthie
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Sure hope this announcement helps.....................
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Bigrod40
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[Roll Eyes] What is Dano trying to become the 5th largest Network in the country???
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E-Z
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I'm already in CWFG. I don't think I can handle another stock like that one.
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Repoman75
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Oh wow! .0001 here we come!

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Stick with Repo's plan in '07 - FRPT/DKAM!

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J_U_ICE
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http://www.steamboat17.com/about.htm

A little bio on Matthew Windt

--------------------
The difference between genius and stupidity is that genius has its limits

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playtime
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JUICE,
you forgot some tid bits here.
remember, new law suit against Dan for non-payment,
Back taxes owed in DE,
Dan's DUI,
And now, here's the proof that Dan has been dumping into all the latest P/R's. Now you know what all that volume has been for the last couple of months.
Stay far away from this stock IMHO.

The following is a cut and paste from a very good poster of facts on SMMW:


New TA figures. Increase in the OS again.

For those who like to keep track. Since 3/2/06 the tradable has gone up by another 2 billion, the restricted stayed the same (almost, more on that later) and the OS is now within 940 million shares of what it was before the PRís of reducing the OS.

All that nonsense about reducing the OS was clearly just that, nonsense. The PRís of reducing the OS were to help move shares. The numbers donít lie.

Dan is using shares to keep SMMW a going concern. The latest increase in the tradable portion of the OS, without a matching decrease in the restricted is pure dilution. New shares were definitely added into the OS.

Hereís the numbers, lets start at the beginning:

The first set of numbers I have go back to 11/1/2005:
11/1/2005
Tradable: 33,797,804,897
Restricted: 37,383,768,046
Total: 71,181,572,943

The second to last date I have is from:
3/2/2006
Tradable: 38,507,804,897
Restricted: 29,733,768,046
Total: 68,241,572,943

That was the last registered change to the OS totals that I know of. Now for the most recent figures:
4/14/2006
Tradable: 40,507,805,817
Restricted: 29,733,767,126
Total: 70,241,572,943

SUMMARY:

Changes to the OS since 3/2/06:

Tradable: Increased by: 2,000,000,920
Restricted: Decreased by: 920. (Note: Most likely an adjustment will be made.)
Total OS: Increased by 2,000,000,000

The 3 billion decrease to the overall OS has now been reduced to a 1 billion decrease in the overall OS.
All that talk from #######, about Dan being frugal, is nonsense. Dan has no other option than to be frugal, correct #######? Revenues must not exceed expenses at SMMW so Dan needs to go to the OS cookie jar to meet his needs? Note, the most recent 2 billion increase to the tradable has no matching decrease in the restricted. That means new shares were added. Pure dilution.

Now lets finish up by totaling what has changed since 11/1/2005:

Tradable: Increased by 6,710,000,920
Restricted: Decreased by 7,650,000,920
Overall Total OS: Decreased by 940,000,000 Million

Yes, thatís correct. We are less than 1 billion away from our 71 billion we started with in November. Dan has almost nullified the decrease to the OVERALL OS he did in the first quarter of this year.

In addition, SMMW is now 9.758 billion shares away from maxing out the 80 billion AS. Failing some massive influx of cash, Dan now has limited options for moving forward:

Increase the AS and continue to cash in shares
RS and start over
The business must start generating revenues to offset expenses

Which seems the more likely scenario? I have my theoryÖ.How about you?

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Bigrod40
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[Cool] ANOTHER PR..Two in One Day...If I didn't know the O/S on this I would be buying like crazy, thinking the management team has a Vision....Looking great would be my response.. [Big Grin] [Big Grin]


Summus Works, Inc: Summus Works, Inc. Continuing Network Expansion: Identified Markets Forecast to Generate $1.3 Million
4/19/2006

Denver, CO., Apr 19, 2006 (M2 PRESSWIRE via COMTEX News Network) --
Summus Works, Inc. (Pink Sheets: SMMW) announced that in line with the Company's VVV policy, its media division is in discussions with Bresnan Communications to develop television broadcast stations in undisclosed markets on the cable provider's broadcast system. The company is seeking to newly establish or acquire existing cable broadcast stations in independent, desirable destination markets.

"Our expansion is happening. As our sub base increases, so does the value of our broadcast inventory to our advertisers as we extend them the benefits of our economies of scale in the form of a lower CPM and an increasingly desirable demographic," explained Business and Technology Director Nathan Pickens. The Company estimates the saleable broadcast inventory in the collective target markets to exceed $1.3 million, excluding sponsorship, product placement, etc.

Summus Works, Inc. (Pink Sheets: SMMW) is a multi-media holding company with interests in outdoor sports, retail, e-tail, print, web, television and film. For more information on the company or its outdoor sports and media subsidiaries, visit www.summusworks.com.

This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

SOURCE: Summus Works, Inc.

CONTACT: Dan Burgess, Summus Works, Inc. Tel: +1 888 607 9495 e-mail: summus*summusworks.com WWW: http://www.summusworks.com

M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.

(C)1994-2006 M2 COMMUNICATIONS LTD

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RyanPBF
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I've owned this for awhile and without the O/S where it is you're right it seems like this would be flying.

--------------------
Deals On Designer Clothes For Kids

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Bigrod40
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Bresnan currently serves over 300,000 customers in Colorado, Montana, Wyoming, and Utah.
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J_U_ICE
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quote:
Originally posted by prrm-facts:
JUICE,
you forgot some tid bits here.
remember, new law suit against Dan for non-payment,
Back taxes owed in DE,
Dan's DUI,
And now, here's the proof that Dan has been dumping into all the latest P/R's. Now you know what all that volume has been for the last couple of months.
Stay far away from this stock IMHO.

The following is a cut and paste from a very good poster of facts on SMMW:


New TA figures. Increase in the OS again.

For those who like to keep track. Since 3/2/06 the tradable has gone up by another 2 billion, the restricted stayed the same (almost, more on that later) and the OS is now within 940 million shares of what it was before the PRís of reducing the OS.

All that nonsense about reducing the OS was clearly just that, nonsense. The PRís of reducing the OS were to help move shares. The numbers donít lie.

Dan is using shares to keep SMMW a going concern. The latest increase in the tradable portion of the OS, without a matching decrease in the restricted is pure dilution. New shares were definitely added into the OS.

Hereís the numbers, lets start at the beginning:

The first set of numbers I have go back to 11/1/2005:
11/1/2005
Tradable: 33,797,804,897
Restricted: 37,383,768,046
Total: 71,181,572,943

The second to last date I have is from:
3/2/2006
Tradable: 38,507,804,897
Restricted: 29,733,768,046
Total: 68,241,572,943

That was the last registered change to the OS totals that I know of. Now for the most recent figures:
4/14/2006
Tradable: 40,507,805,817
Restricted: 29,733,767,126
Total: 70,241,572,943

SUMMARY:

Changes to the OS since 3/2/06:

Tradable: Increased by: 2,000,000,920
Restricted: Decreased by: 920. (Note: Most likely an adjustment will be made.)
Total OS: Increased by 2,000,000,000

The 3 billion decrease to the overall OS has now been reduced to a 1 billion decrease in the overall OS.
All that talk from #######, about Dan being frugal, is nonsense. Dan has no other option than to be frugal, correct #######? Revenues must not exceed expenses at SMMW so Dan needs to go to the OS cookie jar to meet his needs? Note, the most recent 2 billion increase to the tradable has no matching decrease in the restricted. That means new shares were added. Pure dilution.

Now lets finish up by totaling what has changed since 11/1/2005:

Tradable: Increased by 6,710,000,920
Restricted: Decreased by 7,650,000,920
Overall Total OS: Decreased by 940,000,000 Million

Yes, thatís correct. We are less than 1 billion away from our 71 billion we started with in November. Dan has almost nullified the decrease to the OVERALL OS he did in the first quarter of this year.

In addition, SMMW is now 9.758 billion shares away from maxing out the 80 billion AS. Failing some massive influx of cash, Dan now has limited options for moving forward:

Increase the AS and continue to cash in shares
RS and start over
The business must start generating revenues to offset expenses

Which seems the more likely scenario? I have my theoryÖ.How about you?

I and I assume most of the shareholders know full well the negatives of this company but my point is that is moving in the right direction by adding on Lisker and REN. I'm not delusional enough to expect this to go anywhere substantial soon this is a long-term hold. JMO

--------------------
The difference between genius and stupidity is that genius has its limits

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Monkeyman
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Holding this stock will be well worth it!
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Repoman75
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They need a 1000 for 1 r/s than I'll buy.

--------------------
Stick with Repo's plan in '07 - FRPT/DKAM!

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J_U_ICE
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more PR today about REN deal nothing new though website temporarily down www.summusworks.com

--------------------
The difference between genius and stupidity is that genius has its limits

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J_U_ICE
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Business Wire via COMTEX


Apr 21, 2006 11:27:01 AM

DENVER, Apr 21, 2006 (BUSINESS WIRE) --

Summus Works, Inc. (Pink Sheets:SMMW) announced it has signed a letter of intent to establish a cable broadcast affiliate station on Bresnan Communications cable system in Jackson Hole, Wyoming.

Legendary for its skiing, Jackson Hole Resort boasts the most vertical rise in the lower 48 states (4,139 feet), but with no income tax, the real estate market of Wyoming's Teton County - and most notably Jackson Hole - has experienced a huge surge since the nineties. Picked the "best state to establish residency" for seven years by Bloomberg's Wealth Manager, Teton County has ranked first or second among the nation's 3,140 counties in adjusted household income since 1999, according to the Internal Revenue Service. The county also ranks #1 in the U.S. regarding indicators of the dependence of the economy on construction. In 2004, real estate transactions topped a record $900 million compared to $700 million in 2000.

Summus Works, Inc. (Pink Sheets:SMMW) is a multi-media holding company with interests in outdoor sports, retail, e-tail, print, web, television and film. For more information on the company or its outdoor sports and media subsidiaries, visit www.summusworks.com.

his release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

SOURCE: Summus Works, Inc.

Summus Works, Inc. Dan Burgess, 888-607-9495 summus*summusworks.com www.summusworks.com

Copyright Business Wire 2006

--------------------
The difference between genius and stupidity is that genius has its limits

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Bigrod40
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[Eek!] All these great sounding PRs, really does push a guys limit as to that old saying "Patience is a Virture"
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J_U_ICE
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I know it's frustrating but should turn out well in the looooooooooooong run

--------------------
The difference between genius and stupidity is that genius has its limits

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patricia
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Hello everyone
I'm new at this
any advice on how to pick penny stock would be greatly appreciated

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RyanPBF
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Oh my god there's been an uptick

--------------------
Deals On Designer Clothes For Kids

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kenzone
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I saw that too...bout fell out of my chair!!!
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buzzygresham
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whoa. whats going on???
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Pappy
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news out
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Pappy
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we are going otc bb
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buzzygresham
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thats a good thing right pappy???
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Pappy
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oooya
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Repoman75
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Where was the OTC announcement? And are they going to Reverse split beforehand?

--------------------
Stick with Repo's plan in '07 - FRPT/DKAM!

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buisness wire pr sorry i can't foward link.
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