Rosswood Country Club Board Unanimously Agrees to Sell the Historic Property to New York Based IBAC Corporation Thursday November 30, 11:00 pm ET
NEW YORK--(BUSINESS WIRE)--IBAC Corporation (PINK SHEETS: IBCX - News) a Hospitality/Resort Holding Company reported that tonight the Board of Rosswood Country Club in Pine Bluff, Arkansas unanimously agreed to sell the historic property to IBAC Corporation. The Property will be a 100% owned subsidiary of IBAC Corporation
posted
Related Quotes Sym. Price Chg. IBCX Trade News 0.009 0 Rosswood Country Club Board Unanimously Agrees to Sell the Historic Property to New York Based IBAC Corporation
Nov 30, 2006 23:00:05 (ET)
NEW YORK, Nov 30, 2006 (BUSINESS WIRE) -- IBAC Corporation (PINK SHEETS: IBCX) a Hospitality/Resort Holding Company reported that tonight the Board of Rosswood Country Club in Pine Bluff, Arkansas unanimously agreed to sell the historic property to IBAC Corporation. The Property will be a 100% owned subsidiary of IBAC Corporation
The country club & golf course a 72 par/6,908 yards was commissioned by International Paper and built and designed by the world renowned golf course designer Alfred H. Tull and opened in 1961, and includes tennis courts, pool, banquet space, restaurant, bar, pro shop with a resident pro. The property encompasses approximately 200 prime acres. For further information visit: http://www.southcentralgolf.com/Pages/Templates/ ArkPrivDetail.php?recordID=Rosswood%20Country%20Club (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
The company intents to utilize the country club as an added amenity to the hotel it owns The Royal Arkansas Hotel & Suites in Pine Bluff, Arkansas, The company also intends to incorporate/build a number of tasteful high end single family homes and/or condos on the property abutting the golf course while not compromising the courses history or design, thus creating additional profits from the acquisition while defraying the acquisition cost. The company also intends to maintain the current members of the board on an advisory basis; it is the intent of the company to increase membership back to the level that this property has once enjoyed, with the prestige and level of service equal to or beyond its history.
"We are very excited with the Rosswood Country Club Boards approval of this acquisition as it opens a whole new stream of revenue and adds another significant real estate owned property to our portfolio, the number of profit centers involved with this property are extremely exciting, membership fees, wedding receptions, liquor and food sales, catering etc. The company will never compromise the integrity of this world class property, it is only our intent to restore and enhance its position in history. We expect to close and take possession of the property by year's end." said Wayne Burmaster, President IBAC Corporation.
"We are totally committed to the city of Pine Bluff and the community and we will continue to invest in quality properties in Arkansas" added Wayne Burmaster President IBAC Corporation
IBAC Corporation is a New York-based holding company operating through its subsidiaries within the Resort, Hotel, Food Service & Restaurant industries. IBAC now has operations in Florida, Tennessee & Arkansas. For more information, please visit: www.ibaccorp.com .
Forward-Looking Statements
Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: competitive and general economic conditions, adverse effects of litigation, the timely development and acceptance of our products and services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management or increased government regulation.
posted
No norma I believe it has to be tommorow. It is only for holders as of12/01 which would mean that you had to hold through days end but with this stock you never know
IP: Logged |
posted
MONEYROHO79 like i said you shouldnt be in peenies if your new to trading.Play the swings such as gbrc but be careful with any stock. swings are a lot easier to handle. Good luck in your trading.
IP: Logged |
posted
MORE NEWS: Dec 1, 2006 10:30:00 AM Copyright Business Wire 2006 NEW YORK--(BUSINESS WIRE)--
IBAC Corporation (Pinksheets:IBCX), a Hospitality Holding Company, today announced it will form a yet to be named construction & development division.
The wholly owned subsidiary/division will be charged with all building/development activities pertaining to the recently announced agreement to acquire the Rosswood Country Club. The company intends to build depending on zoning ordinances a combination of high end single family homes, condominiums and time share/vacation villas on the property.
The company based on its initial research has determined that the property could yield as many as 300 to 400 building lots; depending on architectural & engineering planning the exact building area will be determined.
The company intends to approach this project as a major master planned development with unit prices ranging from $250,000 to $500,000 with additional revenues being generated from time share/rental fees along with customary greens fees, banquets, bar and restaurant sales, etc.
"This is a historic world class property and the company indents to develop it as such without compromising the beauty, integrity that it enjoys. We look forward to getting started on this project as soon as possible," said Wayne Burmaster, President.
IP: Logged |
IBAC Corporation to Form Construction & Development Division 12/1/2006
NEW YORK, Dec 01, 2006 (BUSINESS WIRE) -- IBAC Corporation (Pinksheets:IBCX), a Hospitality Holding Company, today announced it will form a yet to be named construction & development division.
The wholly owned subsidiary/division will be charged with all building/development activities pertaining to the recently announced agreement to acquire the Rosswood Country Club. The company intends to build depending on zoning ordinances a combination of high end single family homes, condominiums and time share/vacation villas on the property.
The company based on its initial research has determined that the property could yield as many as 300 to 400 building lots; depending on architectural & engineering planning the exact building area will be determined.
The company intends to approach this project as a major master planned development with unit prices ranging from $250,000 to $500,000 with additional revenues being generated from time share/rental fees along with customary greens fees, banquets, bar and restaurant sales, etc.
"This is a historic world class property and the company indents to develop it as such without compromising the beauty, integrity that it enjoys. We look forward to getting started on this project as soon as possible," said Wayne Burmaster, President.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
IBAC Corporation to Form Construction & Development Division Friday December 1, 10:30 am ET
NEW YORK--(BUSINESS WIRE)--IBAC Corporation (Pinksheets:IBCX - News), a Hospitality Holding Company, today announced it will form a yet to be named construction & development division.
The wholly owned subsidiary/division will be charged with all building/development activities pertaining to the recently announced agreement to acquire the Rosswood Country Club. The company intends to build depending on zoning ordinances a combination of high end single family homes, condominiums and time share/vacation villas on the property.
The company based on its initial research has determined that the property could yield as many as 300 to 400 building lots; depending on architectural & engineering planning the exact building area will be determined.
The company intends to approach this project as a major master planned development with unit prices ranging from $250,000 to $500,000 with additional revenues being generated from time share/rental fees along with customary greens fees, banquets, bar and restaurant sales, etc.
"This is a historic world class property and the company indents to develop it as such without
posted
non of this matters because they dont own the property yet. Thisis a useless PR is all it is. Again they dont own the property yet. There is no garuntee the aproval will be made to develop what they want by the planing commision either and so it would be premature to put together an construction division. This is more smokebeing blown.
IP: Logged |
posted
Yes I do actually. Like I said this is a spec stock. The problem is that they are very slick on how they release their pr's.If you notice what is going on here there are alot of shares going out. Look at the shares os as of this date and the amounts bought and sold you wil get an idea of whats going onwith it. They have 2 choices after the divi is paid and thats to do a r/s or to increase the number of shares. I am seeing a r/s happening as I have mention on the other board and I believe that is going to happen.I am a spec buyer and always have been.I have shares that i bought from other companies that I have held for many years and they were successful. Some I didnt do so good on.As an example I bought 10k shares of american airlines after 9/11 when they went to 1.00 per share and held them on spec that they wouldnt file for bankruptcy and they didnt that stock is now trade in the 30.00+ range so it was a good spec stock at that time. Other airlines didnt do so well and went into bankruptcy.I still think you should take my advice as a newbie and play swingers.If you are looking for a stock that pays dividends the best one is usa as it pays about 0.88 per share and is reasonably priced.But as always do your own work before buying.
IP: Logged |
posted
Same old shyt with this stock. A reverse split, while it raises the pps it also means fewer shares for each shareholder. Futhermore there would be, as in the past, a huge sell off thus each person now would have fewer shares,with a falling pps which equals more loss to each shares.
IP: Logged |
posted
MONEYROHO79 I dont know about ent to give you an opinion. I only mention what i am in so you have an idea as to what type of stock to look at. What you play and what you do is up to you. I am not into giving my opinion on stocks I know nothing about. If you played gbrc as i have mentioned to you yesterday you would have done nicely today.In fact depending on the kind of money you have to play with you would have done a bit more then nicely. But please know this any stock is risky and never buy into anything you dont under stand. FYI I am heavily invested in gbrc and not sure at what point I may dump. This is not a long term stock for me
IP: Logged |
posted
cas the only other choice to to let more shares out of the vault? they just released 300m to pay the divy when they took it back last time out.In my opinion that should be able to be sued for deceptive trading. Those shares were to be used for a purchase and if the deal doesnt go through and they dont replace what they let out it is deceptive and those should go right back to the vault. It's bad enough they never informed anyone of increasing the os to begin with to be used for a purchase.Manipulation at it's best now we wait and see if this deal goes through and how long till we wait to see the audit.Any bets?
IP: Logged |
quote:Originally posted by amanick: No norma I believe it has to be tommorow. It is only for holders as of12/01 which would mean that you had to hold through days end but with this stock you never know
The last day *should* be the 15th ( a Friday), the day before the ex-date (that is, when it trades "without dividend). However, I have seen restricted-stock divvies fall under T+3 rule (but that was trading without ex-date, so the record date *became* the ex-date). In this case, the ex-date is clearly the 18th...
The real "problem"--if you want the divvies--is selling too soon...you can sell shares with "due bills" attached, in which case you sell the right to the divvies.
Best thing? Call NASD/NASDAQ and ask...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
IP: Logged |
IBAC Corporation Signs Sponsorship Agreements for Their Florida Restaurants Monday December 4, 12:26 am ET
NEW YORK--(BUSINESS WIRE)--IBAC Corporation (Pink Sheets:IBCX - News), a Hospitality Holding Company, today announced it has entered into two significant sponsorship agreements for its Florida restaurants.
The first agreement for both of the company's Florida restaurants is with the Boston Red Sox; this will be the second year that the company has enjoyed participating in this program. Ft Myers, Florida is home to the Boston Red Sox spring training http://boston.redsox.mlb.com/NASApp/mlb/spring_training/ballpark.jsp? c_id=bos&year=2007 (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.), the sponsorship program will include two center field banners 8' X 16', two walkway marquee posters and a full page spread in the teams program guide. The Boston Red Sox spring training facility is sold out always and the company (IBCX) is very pleased to have that exposure FTS
IP: Logged |
posted
I bet the Yankees are Pi$$ed off that they didn't sign IBAC...LOL Dropped the ball Stienbrenner, maybe trade Jetter for a million shares of IBCX...LOL
P.S. gotta love these stupid hours they release PRs. Hardly wait to see when they release an A/F pr (christmas day maybe?).
IP: Logged |
posted
and the point they are trying to make in letting us know they bought advertisement? last one i seen even had the local mcdonalds in it!
IP: Logged |
posted
IBAC Corporation Signs Sponsorship Agreements for Their Florida Restaurants
Dec 4, 2006 00:26:26 (ET)
NEW YORK, Dec 04, 2006 (BUSINESS WIRE) -- IBAC Corporation (Pink Sheets:IBCX), a Hospitality Holding Company, today announced it has entered into two significant sponsorship agreements for its Florida restaurants.
The first agreement for both of the company's Florida restaurants is with the Boston Red Sox; this will be the second year that the company has enjoyed participating in this program. Ft Myers, Florida is home to the Boston Red Sox spring training http://boston.redsox.mlb.com/NASApp/mlb/spring_training/ballpark.jsp? c_id=bos&year=2007 (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.), the sponsorship program will include two center field banners 8' X 16', two walkway marquee posters and a full page spread in the teams program guide. The Boston Red Sox spring training facility is sold out always and the company (IBCX) is very pleased to have that exposure.
The second agreement is with the Barbara B Mann Performing Arts Hall, the company has agreed to be the sponsor of the Chita Rivera "The Dancers Life" http://www.bbmannpah.com/performance.php?id=136 show, it will be a full week of exposure of a legendary performer at a world class facility, the company will receive full exposure at all of the performing arts hall events as a sponsor.
"The company as it grows is very appreciative of the opportunities and respect that the community has given, as these opportunities are not handed out easily, we are very happy that we as a company were considered for the opportunity's and are great full for the opportunity to participate and look forward to a most profitable season along with our sponsors'," said Mr. Wayne Burmaster, President of IBAC Corporation
27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
posted
the plunge continues as I thought it would when I read the pr this morning. at least the pps of this stock and the Red Sox have one thing in commong they are both going down.
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Wink]](wink.gif)
Well the last timed they PRed a golf course the pps jumped 114%..![[Big Grin]](biggrin.gif)
MORE NEWS...just out![[Razz]](tongue.gif)
I bet the Yankees are Pi$$ed off that they didn't sign IBAC...LOL
