Arete Industries, Inc. Releases Update on Possible Merger
WESTMINSTER, Colo., June 21 /PRNewswire-FirstCall/ -- Arete Industries, Inc. (OTC Bulletin Board: ARET) (Arete) announced today an update on the status of the letter of intent for merger.
Arete Industries, Inc. announced on May 8, 2006 that it had received a letter of intent and non-refundable deposit of $25,000 for the due diligence period that was to end June 12, 2006. "The process has been slow but the parties are close to terms on a definitive agreement for the purchase and merger of an oil & gas company," stated Charles Gamber CEO of Arete. The Company still needs to deal with the status of its inactive subsidiary Aggression Sports, Inc. dba Arete Outdoors and the final settlement of its outstanding debt. The Company feels like it will be able to complete the final agreement and settle all of its open items by no later than the middle of July 2006.
About the Company. Arete Industries, Inc., a development stage company, is a publicly traded holding company with several subsidiaries. Its subsidiary, Avatar Technology Group Inc. operates the delivery of technology solutions for small to medium size businesses as well as public entities. These solutions include business services, custom software development and web design, network security services and IT solutions. Avatar Technology Group Inc. has secured reseller/affiliate agreements with major partners in each area to deliver these services primarily through a website model. Avatar Technology Group Inc maintains a website at http://www.avtekgroup.com. Avatar Technology Group Inc. plans to market these services to specific vertical markets using advertising in print media and targeted opt in email campaigns. Most of the services are based on a recurring revenue model. All of the technology solution offerings were selected to be complimentary to each other. Arete Industries, Inc. has one other subsidiary, Aggression Sports, Inc. dba Arete Outdoors, an outdoor sports equipment manufacturing company that has been inactive since 2001. The Company continues to seek a buyer or merger candidate for Aggression Sports, Inc.
posted
Bought 170k at .015 today. Wanted to test the waters, before I dive right in. Anyone know what the O/S, and Float is at currently. Looks like it moves nicely. Let hope for a huge break out on Monday.
posted
Gap over .016 Monday? Hassan like, Hassan lliiiiikkkkeeee
-------------------- This year I invested in pumpkins. They've been goin' up the whole month of October and I've got a feeling they're going to peek right around January and BANG! That's when I'll cash in! Posts: 305 | From: connecticut | Registered: Nov 2004
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-------------------- This year I invested in pumpkins. They've been goin' up the whole month of October and I've got a feeling they're going to peek right around January and BANG! That's when I'll cash in! Posts: 305 | From: connecticut | Registered: Nov 2004
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posted
this puppy might explode this up-coming week! chart is primed for further movement!
Posts: 1088 | From: Dallas, Texas | Registered: Feb 2006
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-------------------- This year I invested in pumpkins. They've been goin' up the whole month of October and I've got a feeling they're going to peek right around January and BANG! That's when I'll cash in! Posts: 305 | From: connecticut | Registered: Nov 2004
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liberty01
unregistered
posted
Good to see all here over the weekend. You all must be excited for next week!!!!!!!!!! As you should.
I say Go out and purchase that porsche you have been wanting, or that nice platinum chain with diamond crusted medalion on it(otto), reserve take that vacation you alwyas wanted, because by the end of next week there is going to be so much interest growing about an new OIL & GAS company located in Florida it will not be able to be contained.
All who are on board shall be rewarded, those who have be steadily accumilating shall take 1 from the above mentioned. jmho
Good luck to all. I am going to enjoy my weekend and get prepared for next week!!!!!!
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posted
now before we get too excited, we have to think about the 4 green days in a row we just had. Typically we have to see a small pullback occur before heading to higher. The only indicators that worry me is the CMF & AROON. AROON is still suggesting a current downtrend and CMF is in negative territory. Too hard to tell how much more upside the stock has before its first pullback. any thoughts?
Posts: 1088 | From: Dallas, Texas | Registered: Feb 2006
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posted
Charts mean nothing at this point when there is anticipated events on the way. Look at XKEM RSI was 89 and it still went up like 40 % after that. Did you read the title? Oil and gas merger announcement this week. I'll bet money that it will go up bigly Monday.
posted
hey stocks1984, im sure you read your previous post about
"this puppy might explode this up-coming week! chart is primed for further movement! "
why the concern now after my post. You are not fully on this ship if you recant your previous message.lol
I like the charts alot too, ALOT! and am looking at my 3 indicators that i go by, and to me, its a shell so there is not much to go on, so play it like it is a baby WHALE ready to grow up, its been 2 months of action for a shell, thats awesome, and now the time has come for this baby to become bigger, much bigger!!!
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quote:Originally posted by renrob05: Charts mean nothing at this point when there is anticipated events on the way. Look at XKEM RSI was 89 and it still went up like 40 % after that. Did you read the title? Oil and gas merger announcement this week. I'll bet money that it will go up bigly Monday.
Yes I read the title, but how often does a stock go up when news is heavily anticipated? I mean you know the traditional saying , buy on the rumor sell on the news, dont you? As for XKEM, dont know too much way the run was taking place, however when news did come out, what happen? I believe it pulled back. Just remember stocks do not always go up without a pullback.
Posts: 1088 | From: Dallas, Texas | Registered: Feb 2006
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quote:Originally posted by liberty01: hey stocks1984, im sure you read your previous post about
"this puppy might explode this up-coming week! chart is primed for further movement! "
why the concern now after my post. You are not fully on this ship if you recant your previous message.lol
I like the charts alot too, ALOT! and am looking at my 3 indicators that i go by, and to me, its a shell so there is not much to go on, so play it like it is a baby WHALE ready to grow up, its been 2 months of action for a shell, thats awesome, and now the time has come for this baby to become bigger, much bigger!!!
I didnt find any difference of opinion between my two posts. I am just stating fact, as in it MIGHT explode, and how much further can it go before a pullback. Maybe i should have said a healthy pullback. Believe me, i will be watching ARET very closely this next week, and when I feel its the right time to get in I will. Again, will see what happens, good luck to you guys
Posts: 1088 | From: Dallas, Texas | Registered: Feb 2006
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liberty01
unregistered
posted
OKAY STOCKS im a little drunk and shouldnt be posting but listen, there is probably a call out to pick EVERYTHING UNDER .018. a safe call by any MM, that is just my feeling and will be watching on monday when it happens. And also, what else is there to think with a looming announcement about a Florida OIL & GAS merger! Oh well $75 dollar oil major profits, offshore drilling, exploration, any combonation you consider there are huge profit margins beeing accumulated!
quote:Originally posted by renrob05: Charts mean nothing at this point when there is anticipated events on the way. Look at XKEM RSI was 89 and it still went up like 40 % after that. Did you read the title? Oil and gas merger announcement this week. I'll bet money that it will go up bigly Monday.
Yes I read the title, but how often does a stock go up when news is heavily anticipated? I mean you know the traditional saying , buy on the rumor sell on the news, dont you? As for XKEM, dont know too much way the run was taking place, however when news did come out, what happen? I believe it pulled back. Just remember stocks do not always go up without a pullback.
Hey, it's not my first BarB-Q. I know how it works. This stock has not seen heavy volume yet. When it does it will explode.
Posts: 1568 | Registered: Mar 2005
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posted
I hope it does for the both of you and who-ever are in at this point. You just never know with pennies, know what I mean?
Posts: 1088 | From: Dallas, Texas | Registered: Feb 2006
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posted
Can't pull up the chart, but got this from another site.
Friday's close was impressive to watch. About two hours before the close buys started coming in and they weren't small buys. The buys continued right into the close. The last week has been good for the share price and I am sure my readers that own the stock feel comfortable after today's close at .0157. The close Friday was at the high for the day suggesting a possible small gap higher Monday.
Below the chart are old updates and information about the company. The company is in the process of a merger with an unknown Oil & Gas Company. No details have been available about the merging company. We don't know if it is a small company or a large company. All we know is a non-refundable deposit was made in good faith by merging company.
I EXPECT TO SEE A DEFINITIVE AGREEMENT SIGNED AND ANNOUNCED SOON...LIKE NEXT WEEK SOON!!!
A Glance at the Chart
MACD is signaling a buy as of Friday. The fast line has hit the slow line signaling a buy is in play. I reported earlier in the week the MACD reacts after the stock starts moving. Friday was the fourth day of the move and chart readers that buy only according to the charts are now seeing the last buy signal. Now everything is bullish and a full blown buy is initiated by the chart and indicators. Remember what I wrote about the MACD shows negative and positive volume? Friday if you look close the blue bar is above the 0.000 line which is positive. Also I mentioned I like to look at the MACD as money flow indicator. Under the 0.000 line is money flowing out of the stock and above the line money flowing into the stock. We now have positive volume with money flowing into the stock.
The candlesticks are clear and bullish. Also ARET is now trading above the 50 day MA. The RSI is very bullish heading higher. The stochastic kicked in a buy signal a few days ago and still has a long way to rise before it is considered overbought. If news comes out the stochastic can remain overbought for a longer period of time.
Posts: 1568 | Registered: Mar 2005
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posted
hey guys what do you think this thing is going to , the year high .o43, was that a fat finger,if so then the high on the charts is .o21 if we are at .o16 then not much of a run left, just wondering if with the news how high are we expecting
-------------------- a little at a time turns a penny to a dime! Posts: 303 | From: lake charles | Registered: May 2006
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-------------------- This year I invested in pumpkins. They've been goin' up the whole month of October and I've got a feeling they're going to peek right around January and BANG! That's when I'll cash in! Posts: 305 | From: connecticut | Registered: Nov 2004
| IP: Logged |
posted
look at the MACD, and look at the STO % on the chart ..the black line has risen above the red line and is spurtin up!!!....ready for the breakout to get above .02 this week easily! look for it to peak at 85 RSI then get out at the peak before the dip, but be quick to get back in because its a long way up
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so. Posts: 6949 | Registered: Apr 2004
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Javo Beverage Company, Inc. (OTCBB:JAVO) - Friday's shares closed down at -3.96% with a price of $1.94. The volume was at 793,265.Javo Beverage Company, a leading provider of coffee and tea-based beverages to the foodservice industry -- announced financial results for the first quarter of fiscal year 2006, which ended March 31st. Total revenue for the first quarter increased 133.0% to $ 2,337,473 compared to $ 1,003,113 in the same quarter for 2005. Sales advances were strong for each of the Company's three business segments: dispensed coffee and tea, packaged flavors and bulk ingredient sales.
Based in Vista, California, Javo Beverage Company (OTC Bulletin Board: JAVO - News), is the innovation leader in the manufacture of coffee and tea-based dispensed beverages, drink mixes and flavor systems. The Company has successfully commercialized a proprietary brewing technology that yields fresh brewed coffees and teas that are flavorful, concentrated and stable. As a result, they have broad applications in the foodservice, food manufacturing and beverage industries. For foodservice operators, Javo makes it possible to serve great tasting hot coffees and cold specialty coffee beverages from convenient dispenser-based systems. Javo also assists food and beverage processors seeking authentic and robust coffee and tea flavors with the development and supply of customized ingredients for their packaged foods and ready-to-drink beverages. Through its selling, service and distribution operations, Javo supplies a growing list of national and international foodservice operations, specialty coffee retailers, restaurant chains and food manufacturers. More information about Javo Beverage Company is available at www.javobeverage.com.
Arete Industries, Inc. (OTCBB: ARET) - Friday's shares increased 16.30% over open to $0.01600. The volume was at 5,300,434. Arete Industries, Inc. announced an update on the status of the letter of intent for merger. Arete Industries, Inc. announced on May 8, 2006 that it had received a letter of intent and non-refundable deposit of $25,000 for the due diligence period that was to end June 12, 2006. "The process has been slow but the parties are close to terms on a definitive agreement for the purchase and merger of an oil & gas company," stated Charles Gamber CEO of Arete. The Company still needs to deal with the status of its inactive subsidiary Aggression Sports, Inc. dba Arete Outdoors and the final settlement of its outstanding debt. The Company feels like it will be able to complete the final agreement and settle all of its open items by no later than the middle of July 2006.
Arete Industries, Inc., a development stage company, is a publicly traded holding company with several subsidiaries. Its subsidiary, Avatar Technology Group Inc. operates the delivery of technology solutions for small to medium size businesses as well as public entities. These solutions include business services, custom software development and web design, network security services and IT solutions. Avatar Technology Group Inc. has secured reseller/affiliate agreements with major partners in each area to deliver these services primarily through a website model. Avatar Technology Group Inc maintains a website at www.avtekgroup.com. Avatar Technology Group Inc. plans to market these services to specific vertical markets using advertising in print media and targeted opt in email campaigns. Most of the services are based on a recurring revenue model. All of the technology solution offerings were selected to be complimentary to each other. Arete Industries, Inc. has one other subsidiary, Aggression Sports, Inc. dba Arete Outdoors, an outdoor sports equipment manufacturing company that has been inactive since 2001. The Company continues to seek a buyer or merger candidate for Aggression Sports, Inc.
Spartan Motors, Inc. (OTCBB: SPAR) - Friday's shares closed down at -3.74% with a price of $14.67. The volume was at 156,407. Spartan Motors, Inc. and Force Protection, Inc. will display a Cougar and a Buffalo military vehicle in front of the St. Regis Hotel in New York City on June 28 from 10 a.m. ET to 3 p.m. Both companies' management teams will also present the same day to a group of professional investors at a special analyst lunch event. "Both of these vehicles are deployed today in places such as Iraq and Afghanistan and are saving the lives of our military men and women," said John Sztykiel, president and CEO of Spartan Motors. "Our aim in bringing these vehicles to New York City is to make the people aware of the new technology our military is using to defeat the deadly threat of IEDs (Improvised Explosive Devices).
Spartan Chassis, Inc., a subsidiary of Spartan Motors, Inc. (Nasdaq: SPAR ), is a leading developer and manufacturer of specialty chassis for recreational vehicles, fire trucks and military defense vehicles. Spartan Motors , which also manufactures emergency rescue vehicles under the brand names of Crimson Fire, Crimson Fire Aerials and Road Rescue, reported sales of $343.0 million in 2005 and is focused on becoming the premier manufacturer of specialty vehicles and chassis in North America.
Nighthawk Systems Inc. (OTCBB:NIHK) - Friday's shares stayed even at $0.0500. The volume was at 247,100. Nighthawk Systems, Inc., a leading provider of intelligent wireless power control and emergency notification products, announced today that it has received an additional order for CEO700 whole house disconnect units from El Paso Electric Company. El Paso Electric, which generates and distributes electricity to customers in west Texas and southern New Mexico, has been a Nighthawk customer since 2004. Nighthawk's CEO700 gives electric utilities the ability to remotely disconnect and reconnect power to residential electric meters, saving them significant time and money over the traditional manual disconnect method requiring field personnel.
Nighthawk is a leading provider of intelligent wireless power control products that enable simultaneous activation or de-activation of multiple assets or systems on demand. Nighthawk's installed customer base includes major electric utilities, Internet service providers and fire departments in over 40 states. Nighthawk's products also enable custom message display, making them ideal for use in traffic control and emergency notification situations.
FUSA Capital Corporation (OTCBB: FSAC) - Friday's shares closed down at -0.94% with a price of $1.05. The volume was at 76,500. FUSA Capital Corporation , parent company of SearchforMedia Network and a leading innovator of video and audio search engine technologies, today announced the addition of 100,000 new video category pages to Searchforvideo.com beginning Wednesday, July 5, 2005. The popular video discovery and sharing site will now offer users an easier way to find new content from among the site's thousands of sources. Part of FUSA's SearchforMedia Network, Searchforvideo.com leverages both software intelligence and human editors to identify popular and entertaining videos.
FUSA Capital Corporation (OTCBB:FSAC) is a leading innovator of video and audio search engine technologies for online and mobile consumers as well as digital content providers. FUSA operates searchforvideo.com, a free web-based search engine and video portal that allows consumers to easily locate and view video clips and searchforipod.com, a free search engine that assists video iPod users to find content already formatted for use with their device. The company's proprietary technology has five patents pending and draws upon more than 1,000,000 video clips from more than 6,000 independent sources.
ClearOne (OTC: CLRO) - Friday's shares increased 2.74% over open to $3.75. The volume was at 5,200. ClearOne , the worldwide leader in highend audio conferencing and the creator of the innovative Chat(TM) 50 personal speaker phone, and Speakables, a leading voice recognition software provider for the digital home, today announced that ClearOne's Chat 50 is the first speaker phone that allows Mac users to operate VoIP applications such as Skype and iChat by voice command, using Speakable Items (Apple's embedded speech recognition technology) and the new Speakables or Skype.
ClearOne is a communications company that develops and sells audio conferencing systems and related products for audio, video and web conferencing applications. The reliability, flexibility and performance of ClearOne's comprehensive solutions create a natural communications environment that saves organizations time and money by enabling more effective and efficient communication.
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