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PREMIER ORGANIC FARMS GROUP INC (U-POFG) - News Release Premier Organic Farms Group, Inc. to Acquire Amstar International, Inc.
2006-10-27 12:45 ET - News Release
SCOTTSDALE, Ariz., Oct. 27 /PRNewswire-FirstCall/ -- Premier Organic Farms Group, Inc. announced today the signing of a Definitive Share Exchange Agreement to acquire 100% of the stock of Amstar International, Inc. (Amstar), a Houston, Texas based holding company primarily focused upon the financial and insurance industries. The acquisition results in Amstar's stockholders in control of 96.12% of the company post merger with each Amstar stockholder to receive one share for each share owned in the new company.
Closing is anticipated within the next thirty days and is subject to the conducting of a Fairness Hearing by a court of law in Nevada, its state of origin.
Amstar's major subsidiary is Amstar Mortgage Corporation, a national mortgage banking and brokering company with approximately 750 employees operating in 31 states and the District of Columbia with 146 retail branch offices as of July 13, 2006. Amstar Mortgage Corporation began operations in October 2002 with less than $300,000 in capital, but grew rapidly to close over 1.1 billion dollars in loans for calendar year 2004 and over 2.2 billion dollars in loans for the calendar year 2005. Amstar closed $2,176,657,448 in mortgage loans in fiscal year 2005 with gross revenue for its fiscal year-end, ending September 30, 2005 of $58,592,331 verses $27,563,915 in 2004 and $6,396,052 in 2003. For the 9 month period ending June 30, 2006, Amstar had $37,421,421 in gross revenue and closed over $1,350,202,874 mortgage loans.
Contact: Stanley F. Wilson, President
480-699-0009
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment.
We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.
Premier Organic Farms Group, Inc.
CONTACT: Stanley F. Wilson, President of Premier Organic Farms Group, Inc., +1-480-699-0009
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Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.05 Last Price 0.03 +112.77% Today’s Change $0.03 Today’s Open 265,000 Above Avg. Today’s Volume
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven Posts: 3255 | From: Orlando, FL | Registered: Mar 2006
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Amstar's major subsidiary is Amstar Mortgage Corporation, a national mortgage banking and brokering company with approximately 750 employees operating in 31 states and the District of Columbia with 146 retail branch offices as of July 13, 2006. Amstar Mortgage Corporation began operations in October 2002 with less than $300,000 in capital, but grew rapidly to close over 1.1 billion dollars in loans for calendar year 2004 and over 2.2 billion dollars in loans for the calendar year 2005. Amstar closed $2,176,657,448 in mortgage loans in fiscal year 2005 with gross revenue for its fiscal year-end, ending September 30, 2005 of $58,592,331 verses $27,563,915 in 2004 and $6,396,052 in 2003. For the 9 month period ending June 30, 2006, Amstar had $37,421,421 in gross revenue and closed over $1,350,202,874 mortgage loans.
Posts: 5120 | Registered: Jun 2004
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Today’s Price Performance as of 1:04pm EDT, 10/27/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.059 Last Price 0.04 +155.32% Today’s Change $0.03 Today’s Open 344,001 Above Avg. Today’s Volume
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven Posts: 3255 | From: Orlando, FL | Registered: Mar 2006
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man went the news came out MM.s moved up quick got a partial 5.k at ..027 got some more at ..05
Posts: 5120 | Registered: Jun 2004
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Today’s Price Performance as of 1:13pm EDT, 10/27/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.08 Last Price 0.06 +240.43% Today’s Change $0.03 Today’s Open 443,001 Above Avg. Today’s Volume
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven Posts: 3255 | From: Orlando, FL | Registered: Mar 2006
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Today’s Price Performance as of 1:16pm EDT, 10/27/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.10 Last Price 0.07 +304.26% Today’s Change $0.03 Today’s Open 480,094 Above Avg. Today’s Volume
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven Posts: 3255 | From: Orlando, FL | Registered: Mar 2006
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Today’s Price Performance as of 1:19pm EDT, 10/27/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.12 Last Price 0.10 +410.64% Today’s Change $0.03 Today’s Open 481,094 Above Avg. Today’s Volume
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven Posts: 3255 | From: Orlando, FL | Registered: Mar 2006
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Today’s Price Performance as of 1:26pm EDT, 10/27/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.13 Last Price 0.11 +453.19% Today’s Change $0.03 Today’s Open 569,957 Above Avg. Today’s Volume
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven Posts: 3255 | From: Orlando, FL | Registered: Mar 2006
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Today’s Price Performance as of 1:29pm EDT, 10/27/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.14 Last Price 0.12 +495.74% Today’s Change $0.03 Today’s Open 618,957 Above Avg. Today’s Volume
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven Posts: 3255 | From: Orlando, FL | Registered: Mar 2006
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