ICBS acquires 50% interest in Northern Lights Airlines Ltd.
MONTREAL, Canada, New York, NY, March 12, 2007 /PRNewswire-FirstCall via COMTEX/ -- ICBS Limited (ICBS) (Pink Sheets :ICBM) a business development , and management firm located in Montreal, Quebec, Canada, announced today that it has acquired 50% ownership of Northern Lights Airlines Ltd. Northern Lights Airlines, Ltd. ("Northern Lights") is a new international charter airline in its formative stage undertaken in collaboration with ICBS and other partners. Northern Lights is being organized to exploit a gap in the long-haul international travel market that exists in low cost, high comfort and high quality service originating in Montreal & Toronto, Canada. We have seen a robust turnaround in the Aviation Industry in the post-9/11 period with a rapid increase in revenue passenger miles traveled. WestJet, SkyServices, Zoom and Air Transat (all Low Cost carriers - "LCCs") have grown and prospered during this period, while Air Canada has sought bankruptcy protection and Canadian Airlines has ceased operations entirely. While SkyServices, Zoom, and Air Transat have been making healthy gains in the international holiday market, the market is still underserved. The gap in the availability of low cost international service to and from Canada, coupled with high demand for passenger travel on selected routes from Montreal and Toronto, indicates that a new entrant airline is well positioned to capture a significant portion of current air travel business in that market.
Northern Lights International Airlines, Ltd. intends to fill that gap and revolutionalize charter travel across the Atlantic with standard-setting service levels that restore respect to passengers.
"ICBS was approached to bring their strategic business and management skills to the airlines project. We were very impressed with the level of expertise behind the airline" said Garth McIntosh, President & CEO of ICBS. " We saw this as an opportunity that would greatly impact the acquisition program at ICBS."
Northern Lights is expected to have its inaugural international flight in October of 2007.
NB. This news release includes statements that constitute forward-looking statements. Please be aware that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of any number of factors, including the risk factors contained in the Company's disclosure documents.
SOURCE Inter Canadian Business Service
CONTACT: Contact: Garth McIntosh
ICBS acquires 50% interest in Northern Lights Airlines Ltd. Mar 12 2007 10:08AM ET ICBS acquires 40% OF DNA Distribution makers of Go-Ji Plus nutritional beverage Jan 29 2007 10:54AM ET ICBS through its partnership in ADNST Communications Ltd., announces commencement of Phase 2 Jan 24 2007 12:40PM ET ICBS Limited announces the appointment to the Board of Directors of Gino Motafferi, C.A. as Chief Financial Officer Jan 23 2007 2:05PM ET ICBS Limited Subsidiary Ramapo Valley Brewery Increases Production Capacity By 100% Jan 10 2007 10:27AM ET ICBS Forms new company with ADNST Inc. which has developed advanced digital noise suppression technology. Jan 8 2007 1:05PM ET ICBS Limited elects Pierre Payette to its board Dec 12 2006 12:50PM ET ICBS Limited announces the appointment to the Board of Directors of Pierre Payette Dec 11 2006 2:54PM ET
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COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
ICBS Opens offices in New York
MONTREAL and NEW YORK, March 22, 2007 /PRNewswire-FirstCall via COMTEX/ -- ICBS Limited (ICBS) (Pink Sheets :ICBM) a business development, and financial management firm located in Montreal, Quebec, Canada, announced today that it has opened an office in New York. ICBS's President and CEO Garth McIntosh announced to day that the company has opened an office located at 16 Chestnut Street, in Suffern New York, thirty minutes outside of Manhattan.
The move was in direct response to the companies expanding business in the U.S. which is seen as the focal point in ICBS's acquisition program. The company has full ownership of Ramapo Valley Brewery which is located minutes from its new office. The acquisition this past months of DNA GO JI Distributions, manufacturers of a high potency health juice, which is manufactured in Brooklyn New York, have made the move to the U.S. a priority.
The company is currently targeting new opportunities in the U.S. and the New York office is expected to play a major part in the companies ongoing strategy.
The company also announced its intentions to move the company's registered state from Washington, to Delaware in the immediate future.
"We believe the move to the state of Delaware to be more of an advantage to ICBS future. Delaware is more business oriented and will offer the company additional opportunities", said McIntosh. "As to our new offices in New York, we are very excited about the move which will allow us to aggressively implement our acquisition strategy.
NB. This news release includes statements that constitute forward-looking statements. Please be aware that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of any number of factors, including the risk factors contained in the Company's disclosure documents.
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ICBS Limited, Board of Directors Approves a 10% Stock Dividend; Majority Shareholders and Officers Waive Rights to Receive the Dividend Monday March 26, 9:35 am ET
NEW YORK, NY, and MONTREAL, QC, March 26 /PRNewswire-FirstCall/ - ICBS Limited (ICBS) (Pink Sheets :ICBM - News) a business development and management firm located in New York and Canada, Today announced that it has declared a 10% stock dividend to shareholders of record at the close of business on April 15, 2007. Majority shareholders and Officers will not receive the dividend. The waiver reflects the desire of both majority shareholders and ICBS Ltd officers to reward only the minority shareholders. ADVERTISEMENT
"We felt the loyalty and support from our stockholders should be rewarded", said Garth McIntosh, President and CEO, "We wanted to say thank you in the best way we knew how".
The company also agreed that its share structure will be updated on the company's website and pinksheets.com to reflect the current outstanding common share structure of 56,690,333, Restricted Shares and the Public Float of 42,455,780 .
Shareholders will not be required to take any action in order to receive the stock dividend. After the payment date, shareholders will be sent a certificate for the additional shares representing the stock dividend. If the shares are held in a brokerage account in the name of your broker, the additional shares will be sent directly to your broker on your behalf. All other certificates will be mailed to shareholders at the address the transfer agent has on file. The stock dividend will be administered by Capital Transfer Agency Inc., Toronto, ON M5H 2Y, the company's transfer agent.
The stock dividend is subject to applicable Federal and State securities laws. Shareholders are encouraged to consult their professional advisors regarding the tax implications of the stock dividend.
-------------------- "When you lose, don't lose the lesson" Posts: 440 | From: North Carolina | Registered: Feb 2004
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Press Release Source: Inter Canadian Business Service
ADNST Communications Ltd., and its partner ICBS announces the development of prototype for the Kingdom of Saudi Arabia Tuesday March 27, 9:27 am ET
NEW YORK, NY and MONTREAL, QC, March 27 /PRNewswire-FirstCall/ - ICBS Limited (ICBS) (Pink Sheets ICBM) a business development and management firm located in New York and Montreal, announced today that it has received confirmation from the Saudi Arabian Mining Company for its noise elimination technology. ADVERTISEMENT
In a letter dated February 5, 2007 from the Saudi Arabian Mining Company a Saudi government owned joint stock corporation, expressed their extreme interest in the "noise Elimination" technology developed and patented by ADNST Communications.
The letter signed by Ayman A. Salamah, Director of Safety for the Saudi Mining Company, stated that they are extremely interested in ADNST's development of a prototype for their mining industry.
The letter further stated that upon the successful completion and testing of ADNST's prototype, the Saudi Mining Company would issue ADNST a "Letter of Commitment" for the application of ADNST's Noise Elimination technology.
"This is a major step forward for ADNST and ICBS" said Garth McIntosh, President and CEO of ICBS, "We are just beginning to see the first of many potential applications for the noise elimination technology developed by ADNST".
McIntosh further stated that, "This prototype could lead to the company's objective of global sales of millions of dollars". The company is expecting to license its technology to the various industries which it estimates could represent sales in excess of $338 million dollars within the first 5 years.
"Mr. McIntosh continued to state that every high risk industry that depends on communications as a life line is a potential customer, as it is my belief that this type of technology is literally a life saving and safety requirement."
About ADNST Communications:
ADNST (Advanced Digital Noise Suppression Technology) is a technology innovation and development company that eliminates both background noise and voice echo from communication systems to enhance the quality of voice signals in noisy environments. As a result, the clarity of the conversation is significantly improved.
With thorough understanding of the challenges involved in background noise removal and technology expertise, our endeavor is to deliver state-of-the-art solutions that go beyond existing standards.
ADNST's highly sophisticated system for background noise elimination combines a noise reduction algorithm along with an echo cancellation algorithm running on a DSP device. It can be integrated in any communication product to solve voice quality and performance degradation issues, regardless of hardware, audio interface, operating system or speech recognition applications. Furthermore, with stability that has been proven even in closed-environments, our noise canceller can be an ideal choice for the industries to promote work safety where the level of noise is detrimental and speech accuracy essential.
ADNST is a high-tech company applying its intellectual property toward developing scientifically superior products for the world of digital signal processing.
NB. This news release includes statements that constitute forward-looking statements. Please be aware that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of any number of factors, including the risk factors contained in the Company's disclosure documents.
-------------------------------------------------------------------------------- Source: Inter Canadian Business Service
Posts: 440 | From: North Carolina | Registered: Feb 2004
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ICBS Limited, due to a processing error inadvertently set the shareholders of record date for March 26, 2007 to be paid on April 15, 2007. To correct this error the company declares another 10% dividend for shareholders of record as of April 21, 2007.
NEW YORK, NY, MONTREAL, QC, March 28, 2007 /PRNewswire-FirstCall via COMTEX/ -- ICBS Limited (ICBS) (Pink Sheets :ICBM) a business development and management firm located in New York and Montreal, Today announced that due to an administrative processing error inadvertently set the shareholders of record date for March 26, 2007 declaring a 10% stock dividend to common shareholders payable April 15, 2007 . Majority shareholders and Officers would not receive the dividend. Those dividends will be paid as scheduled. To correct the administrative error the company is announcing another 10% stock dividend for shareholders of record on April 21, 2007 and payable May 15, 2007 and will also exclude all Majority Shareholders and Officers.
"We apologize to all of our investors for this error", said Garth McIntosh, President and CEO, "We are extending the 10% stock dividend date to allow investors to take advantage of this dividend, which will be payable to shareholders of record on April 21, 2007 , with a delivery date on or before May 15, 2007
Shareholders will not be required to take any action in order to receive the stock dividend. After the payment date, shareholders will be sent a certificate for the additional shares representing the stock dividend. If the shares are held in a brokerage account in the name of your broker, the additional shares will be sent directly to your broker on your behalf. All other certificates will be mailed to shareholders at the address the transfer agent has on file. The stock dividend will be administered by Capital Transfer Agency Inc., Toronto, ON M5H 2Y, the company's transfer agent.
The stock dividend is subject to applicable Federal and State securities laws. Shareholders are encouraged to consult their professional advisors regarding the tax implications of the stock dividend.
About ICBS Limited.
ICBS Limited is an investment and business development company that currently owns positions or Joint Ventures in the following companies;
Joint Venture Partnership with ADNST Communications Ltd. www.adnstcom.com
100%, ownership position in Ramapo Valley Brewery Ltd., www.rvbrewery.com
NB. This news release includes statements that constitute forward-looking statements. Please be aware that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of any number of factors, including the risk factors contained in the Company's disclosure documents. SOURCE Inter Canadian Business Service
CONTACT: Garth McIntosh, President & CEO, (888) 932-4402, www.icbs.ca; SOURCE: ICBS Limited
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ICBS LTD (U-ICBM) - News Release Northern Lights International Airlines Ltd. A Joint Venture of ICBS Limited (50% Owned) Opens Negotiations for Their First Overseas Routes
2007-04-10 09:48 ET - News Release
NEW YORK, NY, April 10 /PRNewswire-FirstCall/ - Northern Lights International Airlines Ltd. a start up charter airline 50% owned by ICBS Limited (PINKSHEETS: ICBM), today announced that they have opened negotiations for its initial overseas routes with a high level government official, for both passenger and freight service to and from his country. Flights will originate from Montreal, Toronto . The passenger and freight revenue from this negotiation could lead to over $40 million dollars in revenue to Northern Lights International Airline Ltd. The company is expected to extend this service from New York within a few months after the initial routes are established.
This was taken down yesterday to .001 and brought back up inmediatedly to close green... nice volume could pop
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ICBS LTD (U-ICBM) - News Release ICBS Limited To Reinstate It's Listing on The OTCBB Exchange and Has Completed its 2005 Audited Financials and is Now Working on its 2006 Audited Financials
2007-04-12 10:24 ET - News Release
NEW YORK, NY, April 12 /PRNewswire-FirstCall/ - ICBS Limited (PINKSHEETS: ICBM), today announced that they have completed their 2005 Audited Financial Statements and are now working on the 2006 Audited Financial Statements. The company is taking this action so they can reinstate the company's listing on the OTCBB exchange and fully reporting.
"I have received numerous calls regarding the current share price. Firstly let me say that I personally believe the share price to be extremely undervalued, however, that is for every shareholder to decide for themselves." Said Garth McIntosh President & CEO
Mr. McIntosh also stated "I believe in opportunity. And I believe in ICBS. We are currently trading in the "pinks" with the bottom feeders. However, our plan has always been to move our company back up to the OTCBB. To that end, I am pleased to report we have completed our 2005 audited financials and are currently working on our 2006 audits. Once this is done, we plan to file to move back up to the OTCBB sometime in the second quarter of 2007."
The company has re-aligned ICBS from just offering business consulting services and will also include a heavy emphasis on the M&A business (mergers & acquitions) to that end, the following is our philosophy.
We will specialize in mergers and acquisitions (M&A) advisory services and invest in select businesses with potential for high growth and returns. The Company has designed a three-pronged business model that can potentially yield long term rewards with relatively diversified revenue streams, by:
- Acquiring and consolidating undervalued opportunities in selective high-growth industries to create value for our shareholders and target partners by combining expertise in both the product and capital markets.
- Acting as an incubator for emerging companies whose production and operational capability can be brought up to speed relatively quickly if product acceptance occurs.
- Taking minority interest in client-partner companies to align with their long-term interest and help build enduring value.
This is the focus of our company. It is the mantra that we believe will propel ICBS to the heights set out by management as we position ourselves to be reinstated to the OTCBB,
The company would like to take this opportunity to also thank the many shareholders and directors that have contributed their personal efforts to ICBS.
This news release includes statements that constitute forward-looking statements. Please be aware that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of any number of factors, including the risk factors contained in the Company's disclosure documents.
Inter Canadian Business Service
CONTACT: Garth McIntosh, President & CEO, 1-888-932-4402, www.icbs.ca; Source: Inter Canadian Business Service
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posted
ICBM a little shake before after noon roon looking like here. Volume tells the story.
Posts: 660 | From: california | Registered: Nov 2005
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quote:Originally posted by lukin4winners: ICBM a little shake before after noon roon looking like here. Volume tells the story.
Do you think the company was dumping on news? I saw roughly 2.3m dump at 0043 when there was no bid! Either way, we are holding at 005. Just need some buyers!
004x005 1x2
Posts: 3026 | From: Chicago | Registered: Oct 2005
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ICBS LTD (U-ICBM) - News Release ICBS Limited Receives Unsolicited Offer for Their Ramapo Valley Brewery Unit
2007-04-16 11:24 ET - News Release
NEW YORK, April 16 /PRNewswire-FirstCall/ - Ramapo Valley Brewery ,(R.V.B. Breweries Ltd)., a wholly owned subsidiary of ICBS Limited , a business services and merger & acquisitions company. Today announced that it has received a unsolicited offer to acquire its Ramapo Valley Brewery Unit for $3,500,000 dollars, the Brewery holds a patent for its brewing technology and formulation of its gluten free beer, and has equipment and other assets of $1,500,000 dollars.
The offer contemplates an acquisition of Ramapo Valley Brewery, ,(R.V.B. Breweries Ltd) and is subject to certain terms and conditions, including the negotiation of a definitive agreement and completion of due diligence by the acquirer. The Board of Directors will evaluate the proposal pursuant to the terms of the proposed acquisition offer for its merits and conclude its decision at a special meeting. We will inform our shareholders of the direction the company will take regarding this matter immediately upon its decision.
About Ramapo Valley Brewery
Ramapo Valley Brewery New York (www.rvbrewery.com) was established in Hillburn New York in 2000. The company was the result of a small micro brewery that first started brewing in 1997. Their unique brewing process and Recipes, along with the use of the valley spring waters, resulted in award winning beers. The brewery is well known for its "Gluten Free" HB Honey Beer (Patented) which is also the only beer in the U.S. rated Kosher for Passover. Over the next three years, the demand for their beers grew at such an astounding rate that the founders, decided to make the transition to a formal brewery.
About ICBS Limited
ICBS (www.icbs.ca) specializes in mergers and acquisitions (M&A) advisory services and invests in selective businesses with potential for high growth. The Company has designed a three-pronged business model that can potentially yield long term rewards with relatively diversified revenue streams, by:
- Acquiring and consolidating undervalued opportunities in selective high-growth industries to create value for our shareholders and target partners by combining expertise in both the product and capital markets.
- Acting as an incubator for emerging companies whose production and operational capability can be brought up to speed relatively quickly if product acceptance occurs.
- Taking minority interest in client-partner companies to align with their long-term interest and help build enduring value.
NB. This news release includes statements that constitute forward-looking statements. Please be aware that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of any number of factors, including the risk factors contained in the Company's disclosure documents.
posted
.005(1) x .006(2) few sellers at .006 came from nowhere... breaking of this wall and .01 at notime
Posts: 1580 | From: World | Registered: Jul 2006
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quote:Originally posted by PRD: no enough volume... but holding there...
.003 x .005 HOD .005 72% up on no volume... still holding - this low floater could run any day now
Posts: 1580 | From: World | Registered: Jul 2006
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