..like repo used to say.. "nothing like the smell of a gapper in the morning" inhale/ exhale, ahhhhh.. lol
quote:Originally posted by cactus33: after hours news.. merger done
January 22, 2008 - 5:19 PM EST
Techalt, Inc. Signs Agreement and Plan of Merger for the Acquisition of EV Parts, Inc., a Leading Online Supplier of Electric Vehicle Parts Techalt, Inc. (Pink Sheets:TCLT) ("Techalt" the "Company") announced today that it has executed an Agreement and Plan of Merger with EV Parts, Inc. (“EV Parts”), a leading online supplier of electric vehicle parts and components, whereby EV Parts will become a wholly-owned subsidiary of the Company. The merger is expected to close on or before March 18, 2008.
Under the terms of the merger agreement, the shareholders of EV Parts will exchange 100% of their stock for shares of Techalt. The closing of the merger is contingent on Techalt providing EV Parts with $300,000 for working capital needs by March 18, 2008. Techalt has also agreed to use it best efforts to provide EV Parts with an additional $300,000 by May 19, 2008.
Dave Moore, Techalt’s President stated, “We are very excited about building our corporate portfolio with this cutting edge alternative 'green' company. EV Parts has influence and much respect in the alternative energy/automotive sector. EV Parts has successfully demonstrated its technology in the marketplace.”
EV Parts is one of the largest online suppliers of parts and components to the electric vehicle market and is one of the pioneer companies in the custom electric vehicle world. The Company has begun selling products in the Robotic/Electrathon, Industrial, Personal Mobility, Marine/RV, and Renewable Energy markets. EV Parts has already developed a reputation as being a dependable source of electric vehicle parts and components and is looking to grow its market share and expand its reach into additional markets through targeted marketing and sales efforts.
anyone around that remembers that XKEM run from .009 to .12..Im having serious flashbacks here with TCLT, potential is freakin huge with tiny OS and this succesful merger.. thank you greengirl and bilg !
quote:Originally posted by cactus33: anyone around that remembers that XKEM run from .009 to .12..Im having serious flashbacks here with TCLT, potential is freakin huge with tiny OS and this succesful merger.. thank you greengirl and bilg !
sure do! Great run it was!
Looking forward to this tomorrow! You were right the first time on this, lets hope for a 2nd time!
Posts: 3026 | From: Chicago | Registered: Oct 2005
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Oh well.... I sold at a $50 loss, This one lost its fire after I got in..... The game plan is to always keep funds to trade.... Couldnt take the pressure on this one... Hope u guys do Good.... Good luck And congt's to all who made lots on the pop !
Posts: 1101 | From: Georgia | Registered: Apr 2006
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TCLT more after hours PR and another gapper in the morning imo.. long term it goes even farther imo..
Wednesday, January 23 2008 6:52 PM, EST
Techalt, Inc. Merger Partner EV Parts, Inc. Outlines its Experienced and Industry Respected Management Team
Business Wire "US Press Releases "
Techalt, Inc. (Pink Sheets:TCLT) ("Techalt" or the "Company") which recently announced its signed Agreement and Plan of Merger with EV Parts, Inc. ("EV Parts"), a leading online supplier of electric vehicle parts and components, today introduced EV Parts' seasoned and industry respected management team, led by Roderick Wilde, EV Parts' President, and Thomas True, EV Parts' Chairman and Chief Executive Officer.
As President, Mr. Wilde is responsible for vender relations, product development and testing, as well as EV Parts' electric vehicle racing program. Mr. Wilde brings a wealth of extensive knowledge, insight and connections in the global electric vehicles industry. He was the first person to ever break 100 miles in a standing quarter-mile drag race in a street body car. Among his many racing accomplishments, he currently holds 4 National Electric Drag Racing Association ("NEDRA") world records in electric drag race. His quickest time was set in 1999 and has not been beat since. His electric powered race car, the "Maniac Mazda", was quicker than any production gasoline powered car in the world at that time. Mr. Wilde began designing, building and racing electric vehicles in 1993. A driving force in forming NEDRA, Mr. Wilde has received recognition by the NHRA ("National Hot Rod Association") for his work with electric vehicles. Mr. Wilde is also a past President of NEDRA.
As Chairman and Chief Executive Officer, Mr. True is responsible for overseeing the financing and development of EV Parts. Mr. True is also deeply involved in street electric vehicles. He is the owner of the "Silver Bullet", a 1982 Datsun 280Z he and his father, Don "Father Time" Crabtree, converted into an electric vehicle which was one of the featured vehicles in the Discovery Channel TV show, "Sucking Amps". The Silver Bullet still holds NEDRA world records in the 156-volt and 120-volt classes.
EV Parts is an online supplier of electric vehicle parts and components and has begun selling products in the Robotic/Electrathon, Industrial, Personal Mobility, Marine/RV, and Renewable Energy markets. Techalt, Inc. announced it has executed an Agreement and Plan of Merger whereby EV Parts will become a wholly-owned subsidiary of the Company. The merger is expected to close on or before March 18, 2008.
This release contains 'forward-looking statements' within the meaning of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be 'forward-looking statements'. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated.