Allstocks.com's Bulletin Board Post New Topic  New Poll  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » Micro Penny Stocks, Penny Stocks $0.10 & Under » PR for AFTERHOURS and FRIDAY APRIL 13th

 - UBBFriend: Email this page to someone!    
Author Topic: PR for AFTERHOURS and FRIDAY APRIL 13th
J_U_ICE
Member


Member Rated:
4
Icon 1 posted      Profile for J_U_ICE     Send New Private Message       Edit/Delete Post   Reply With Quote 
SLWF(.0013)Is Now World Traveler -- The S-XGen(TM) Units Are Now in Great Britain
Apr 12, 2007 6:02:00 PM
LAS VEGAS, NV -- (MARKET WIRE) -- 04/12/07 -- Seamless Wi-Fi, Inc. (OTCBB: SLWF) subsidiary Seamless Internet, Inc. has now deployed the S-XGen(TM) to Remtech Distribution Limited, Seamless Wi-Fi's distributor in Great Britain. Remtech plans on becoming one of Europe's largest and most trusted audio visual, telecommunications and information technology trade-only distribution companies (www.remtech.com).

"Remtech received the unit last month and we have been presenting the S-XGen(TM) to our channel partners selling products and services into the education, military and corporate sectors," said Warwick Hill, Remtech CEO. "We will be also receiving the first production unit next week and will use that one to launch a 'Mobile Learning' solution to the Department for Education and Skills. We are very excited about the potential for adoption of the S-XGen(TM) within the education field."

The S-XGen(TM) presentation given at the most recent ValueRich conference in Miami, Florida, on March 27-28, 2007 can be seen at http://www.visualwebcaster.com/ValueRichMiami07/event.html. Albert Reda of Seamless Wi-Fi also conducted several media interviews at the conference. The Market News 1st interview will be viewable online at http://www.***.com and the Steve Crowley interview with American Scene Radio is accessible at http://www.moneychannel.tv/scas.php.

About Seamless Wi-Fi:

Seamless Wi-Fi, Inc. (www.slwf.net) is a Las Vegas-based company listed on the Over-The-Counter Bulletin Board under the symbol SLWF. Seamless Wi-Fi develops and markets secure cutting-edge internet communications products and services through its three operating subsidiaries: Seamless Skyy-Fi, Inc. (www.skyyfi.com), Seamless Peer 2 Peer, Inc. (www.seamlessp2p.net) and Seamless Internet, Inc. (www.seamlessinternet.com).

Seamless Skyy-Fi is forging a network of Wi-Fi hotspots in targeted geographic and vertical markets across the country and has achieved initial success providing hotel and retail Wi-Fi hotspots and is developing the "Secure Internet Browsing" Wi-Fi encryption software program "SInB(TM)."

Seamless Peer 2 Peer has developed and launched Phenom(TM) V3.0, its Secure Peer 2 Peer Virtual Internet Extranet encryption software, which provides SOX and HIPAA-compliant internet communications over standard internet services.

Seamless Internet is manufacturing and marketing the S-XGen(TM) Ultra Mobile Personal Computer and Communications Device including a 3G phone that combines portability, connectivity, processing power and entertainment capabilities for the ultimate road-warrior laptop replacement. Seamless Internet also provides secure hosting services for all Seamless Wi-Fi company clientele.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Seamless Wi-Fi or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, such statements in this release that describe the company's business strategy, outlook, objectives, plans, intentions, or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, and risk inherent in the operations of a company. We assume no obligation to update any written or oral forward-looking statement made by us or on our behalf as a result of new information, future events or other factors.

Contact Seamless:
Rich Schineller
646.257.3969
rich*slwf.net

--------------------
The difference between genius and stupidity is that genius has its limits

Posts: 10204 | From: NYC | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
J_U_ICE
Member


Member Rated:
4
Icon 1 posted      Profile for J_U_ICE     Send New Private Message       Edit/Delete Post   Reply With Quote 
ADMH (.011) Suspends Operations Due to Lack of Operating Capital and Provides Status Update

Market Wire "US Press Releases "

DOUGLASVILLE, GA -- (MARKET WIRE) -- 04/12/07 -- Admiralty Holding Company (OTCBB: ADMH) (Admiralty), a holding company for Admiralty Corporation and Admiralty Marine Operations, Ltd., a Bahamas, West Indies company (the "Companies"), announced today it has been unable to negotiate a requested funding and has not received a requested emergency funding from its major secured creditor, the N.I.R.Group of Funds LLC ("Investors"). Consequently, Admiralty wishes to inform the public of the following:

1. The financial condition of the Companies is dire and its lenders have not agreed to any additional funding as of the end of yesterday. As a result, the Companies are legally insolvent and have ceased operations. The Companies hope to be able to negotiate a restructuring through the Investors, but no assurance that this will happen is or can be given at the present time.

2. The first priority lien holders for the ship, the M.V. New World Legacy, have taken title to and possession of the Ship. The first priority lien holders are Walter S. Cytacki and G. Howard Collingwood.

3. Admiralty may be unable to continue to file reports with the SEC, including the 10-KSB for 2006, unless the Investors or another source is willing to provide the necessary funds to continue the public filings.

4. Admiralty Corporation has been notified by its attorney in Jamaica that a conditional license may be granted to Admiralty Corporation to perform Verification & Identification of the wrecks successfully located by Admiralty Corporation on the Pedro Bank. This conditional license would further allow for the recoveries of the artifacts and other precious metals should the conditions of the agreement be met and the ATLIS(TM) detection technology developed by Admiralty is demonstrated in Jamaica as working.

5. The ATLIS(TM) technology field units, which could be used to specifically locate nonferrous metals, remain unfinished. In the majority of the units, the hardware components have been assembled and the controlling software designed and programmed. However, software compiler updates and certain testing for compatibility of control of the preamp transmitter and receiver coils and certain software modifications remain to be completed, according to the engineering scientist. Currently, several vendors that produced both hardware and software are owed money.

6. The value of all tangible property of the Companies is estimated to be under $25,000.

7. For the immediately foreseeable future, all correspondence to Admiralty Holding Company and its operating subsidiary Admiralty Corporation should be sent to:

Admiralty Corporation
3318 Hwy. 5, No. 504
Douglasville, GA 30135

Overnight packages should be sent to:

Admiralty Corporation
3318 Hwy. 5, No. 504
Douglasville, GA 30135

The address for the principal executive offices will be:

Admiralty Holding Company
3318 Hwy 5, No. 504
Douglasville, GA 30135-2308

Important Notice: The telephone and fax numbers have been temporarily suspended. However, in the immediately foreseeable future, you may contact the Companies by sending an email to: admiraltycorp*mindspring.com

Please state your name, your telephone number, an email address, and the purpose of your contact, and the Companies will use their best efforts to have someone respond within thirty-six hours.

Contact:
Admiralty Holding Company
admiraltycorp*mindspring.com

--------------------
The difference between genius and stupidity is that genius has its limits

Posts: 10204 | From: NYC | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
J_U_ICE
Member


Member Rated:
4
Icon 1 posted      Profile for J_U_ICE     Send New Private Message       Edit/Delete Post   Reply With Quote 
WNBD(.011) Multi-Cleaner Sales Start in Michigan
Apr 12, 2007 7:52:00 PM
BARRIE, ON -- (MARKET WIRE) -- 04/12/07 -- Winning Brands Corporation (PINKSHEETS: WNBD) www.WinningBrands.ca announces that its environmental clean-up solution Winning Colours® Multi-Cleaner has its first retail listing in Michigan today with a Graham paint banner north of Lansing, Silvestri Paint & Wallpaper of St. Johns. The well established home decorating products provider is the first step toward developing a retail network for Winning Colours® in the 8th most populous state in the U.S. and ultimately in metro Detroit, home to half of the state's population.

Winning Brands Corporation manufactures Winning Colours® Multi-Cleaner in North America for consumer and industrial use. The company's mission is to replace hazardous chemicals in widespread use with safer alternatives. Winning Brands' full product range includes a variety of environmentally responsible alternative cleaning solutions, including its non-toxic Solvent Free Solutions(TM) alternative to Perchlorethylene used in Dry Cleaning and KIND(TM) Laundry Products.

Certain statements in this news release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Winning Brands Corporation (the Company) to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; and (iii) competitive factors and developments beyond the Company's control. Winning Colors is a Registered Trademark of Niagara Mist Marketing Ltd and used under licence. Solvent Free Solutions(TM) is a trademark of Solvent Free Solutions Inc. KIND(TM) is a trademark of Niagara Mist Marketing Ltd.

Information:
Winning Brands Corporation
Office Direct (705) 737-4062
11 Victoria Street, Suite 220A
Barrie, Ontario
Canada L4N 6T3
News*WinningBrands.ca

--------------------
The difference between genius and stupidity is that genius has its limits

Posts: 10204 | From: NYC | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
mo-rydr
Member


Icon 1 posted      Profile for mo-rydr         Edit/Delete Post   Reply With Quote 
PAPT (.10)


Thursday, April 12 2007 4:42 PM, GMT-05:00

Palisades Petroleum Corporation: Montana Gas Well Evaluation Report

CCNMatthews "Canadian Press Releases "

RENO, NEVADA--(CCNMatthews - April 12, 2007) - Palisades Petroleum Corporation (PINK SHEETS:PAPT) is in receipt of a Wellsite Report and Post-Drill Analysis on the State 3384-5 well, located in Liberty County, Montana. This detailed report presented by the Geologist for the prospect, will help determine where to drill subsequent potential wells on the properties adjoining this well.

Additional well locations are currently being studied by the project partners.

Further information on the progress of the Company's activities will be presented on a timely basis.

Disclaimer: This announcement may contain forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, limited access to operating capital, factors detailed in the accuracy of geological and geophysical results including drilling and seismic reports; the ability to close the acquisition of Oil and Gas exploration properties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. More information is included in Palisades Petroleum Corporation filings with the Pink Sheets LLC and may be accessed at http://www.pinksheets.com.

FOR FURTHER INFORMATION PLEASE CONTACT:
Palisades Petroleum Corporation
Leslie Rutledge
President
(702) 948-0659
Email: lrutledge*palisadespetroleum.com
Website: www.palisadespetroleum.com

Source: Palisades Petroleum Corporation

--------------------
Hi-ho Momo, awayyyy...

Posts: 871 | From: So. Cal | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
mo-rydr
Member


Icon 1 posted      Profile for mo-rydr         Edit/Delete Post   Reply With Quote 
NHRXW (.08)

Thursday, April 12 2007 4:59 PM, GMT-05:00


NationsHealth Announces $7.0 Million Term Loan Facility

Business Wire "US Press Releases "

SUNRISE, Fla.--(BUSINESS WIRE)--

NationsHealth, Inc. (Nasdaq: NHRX; NHRXW; NHRXU) today announced it has amended and restated its credit facility with CapitalSource to make an additional $7.0 million available under a multi-draw term loan. NationsHealth anticipates using the term loan primarily for acquisitions of smaller regional providers of diabetic supplies that are seeking to exit the business ahead of Medicare's competitive bidding program. The amended and restated agreement maintains the existing $10.0 million revolving credit facility, which currently has an outstanding balance of approximately $2.5 million.

"Our recent financial performance has allowed us to seek more traditional sources of financing and this term loan is an important milestone in support of our future growth," commented Timothy Fairbanks, NationsHealth's Chief Financial Officer. "One of the key drivers of our 2007 growth will be acquisitions. We have completed three transactions over the last two quarters, and the term loan will enable us to accelerate our acquisition strategy."

About NationsHealth, Inc.

NationsHealth seeks to improve the delivery of healthcare to Medicare and managed care beneficiaries by providing medical products and insurance related services. NationsHealth provides home delivery of diabetes supplies, medications and other medical products to patients across the nation. In addition to its medical products business, NationsHealth also provides education, marketing, enrollment and patient service to insurers offering Medicare Part D prescription drug plans and other Medicare insurance coverage. NationsHealth has an agreement with CIGNA to service its Medicare Part D prescription drug plans nationally. For more information please visit http://www.nationshealth.com.

About CapitalSource

CapitalSource is a leading commercial lending, investment and asset management business focused on the middle market. As of December 31, 2006, CapitalSource managed a $17 billion portfolio, including $8.6 billion in its commercial lending and investment business, $5.8 billion in its residential mortgage investment business, and $2.4 billion managed on behalf of third parties. Headquartered in Chevy Chase, Maryland, the company has approximately 550 employees in offices across the United States and in Europe. For more information, visit http://www.capitalsource.com.

This press release contains forward-looking statements about NationsHealth, none of which should be construed in any manner as a guarantee that such results will in fact occur. Forward-looking statements are statements that are not historical facts, and in some cases may be identified by the words "anticipate," "project," "expect," "plan," "intend," "may," "should," "will," and similar words or phrases. Such forward-looking statements are based upon the current beliefs and expectations of NationsHealth's management and are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: our ability to maintain our existing customer base; our dependence on Medicare reimbursement; our customers' desire to take advantage of our Part D and specialty pharmacy services; uncertainty in our costs incurred in administering the Part D program; changes in Medicare, Medicaid, Tricare, Champus and any other state or national-based reimbursement program, including competitive bidding for durable medical equipment and supplies; changing interpretations of generally accepted accounting principles; outcomes of government reviews of NationsHealth's business practices; inquiries and investigations and related litigation; continued compliance with government regulations; legislation or regulatory requirements or changes adversely affecting the businesses in which NationsHealth is engaged; fluctuations in customer demand; management of rapid growth; our ability to compete effectively; timing and market acceptance of new products sold by NationsHealth; our ability to successfully implement future growth strategies, including making acquisitions of providers of diabetic supplies and certain of their operating assets; our ability to successfully migrate diabetes customers to NationsHealth's services; our ability to successfully integrate acquisitions of assets and businesses; general economic conditions; and geopolitical events, regulatory changes and other risks and uncertainties described in NationsHealth's Annual Report on Form 10-K for the year ended December 31, 2006 and NationsHealth's other reports filed with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. NationsHealth cautions investors not to place undue reliance on the forward-looking statements contained herein. These statements speak only as of the date of this press release and, except as required by applicable law, NationsHealth assumes no obligation to update the information contained herein.

Source: NationsHealth, Inc.

--------------------
Hi-ho Momo, awayyyy...

Posts: 871 | From: So. Cal | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
dalton05
Member


Rate Member
Icon 1 posted      Profile for dalton05     Send New Private Message       Edit/Delete Post   Reply With Quote 
News for 'CHNW' - (Esprit Financial Group Inc. (Esprit) (EFGO.PK) Sells
Its Position in Mono Bank)


LAS VEGAS, April 13, 2007 /PRNewswire-FirstCall via COMTEX/ -- Esprit
FinancialGroupInc. (ESPRIT) (formerly Cash Now Corporation - CHNW.PK)
www.espritfinancialgroup.com announced that it has sold its position in
MonoBankPLC http://www.monobankplc.com a UK based investment bank.

Garr Winters, Esprit's CEO said, "The previous management originally
anticipatedthata small new bank such as Mono Bank could be used to offer back-end
servicesforsome of the new products being offered by Esprit, such as international
funds clearing and the Forex currency exchange business. The acquisition
ofGlobal-Vision,and particularly the addition of Jack Chang to the Esprit
management team, has made this relationship redundant."Winters added, "Jack Chang is extremely well-respected in the Financial
Institution sector, and brings a strong network of relationships that can
betterserveour interests. As head of the Company's Advanced Electronic Funds Transfer
division, Mr. Chang is expanding Esprit's USA based banking relationships.
He isalsobringing new relationships to the Company with offshore banks currently
providing back-office support for leading edge products such as the
proprietaryEM2service, that facilitates a wide variety of international funds
transfers."Esprit plans to use the proceeds of the sale of Mono, as well as the
previouslyannouncedsale of Global Vision, to retire corporate debt and partly to fund a
share buy back program. These two separate dispositions could represent a
sharebuybackof as much as several hundred million shares.

Mr. Winters concluded, "It is our aspiration to tighten the float in the
longrun,while we continue to build shareholder value through the recently launched
financial services divisions which are highly complementary to our
original corebusinessand expertise."

About Esprit Financial Group Inc.Esprit Financial Group Inc, (formerly Cash Now Corporation) is a public
companyengagedin a diversified number of online financial services.

Posts: 1086 | Registered: Oct 2005  |  IP: Logged | Report this post to a Moderator
Hannibull
Member


Icon 1 posted      Profile for Hannibull     Send New Private Message       Edit/Delete Post   Reply With Quote 
ILST $0.024

International Star, Inc. Announces Request For Preliminary Approval For Bond Issue To Finance Plant In Louisiana
SHREVEPORT, La. (EWORLDWIRE) Apr 13, 2007

International Star, Inc., a Nevada corporation, today announced that it is seeking preliminary approval from the Caddo-Bossier Parishes Port Commission (Port Commission) in Louisiana for the issuance of up to $7,000,000 in revenue bonds to help finance the construction of an extraction facility to be located near rail transportation and the Port of Shreveport-Bossier.

The Port Commission has been working with International Star to produce a formal Resolution for preliminary approval, which will be offered at the next meeting of the Port Commission on April 19, 2007. If adopted, the Resolution will be published in one issue of The Times, the Shreveport daily newspaper, and a public hearing on the issuance of the Bonds will be held in accordance with Section 147(f) of the Internal Revenue Code. There can be no guarantee that the Resolution for preliminary approval of the bond financing will pass without opposition, or even if it does, that the bonds would be successfully marketed and sold.

Revenue Bond financing is a mechanism authorized by the Louisiana State Bond Commission to promote economic development and expanded employment opportunities within the state. The facility will be owned and operated by International Star, Inc. and used to extract precious metals from iron and iron bearing ore concentrate. If the Resolution is adopted, it will permit the Port Commission to issue up to $7,000,000 in Revenue Bonds, having a term not to exceed thirty (30) years and bearing interest at the rate of not more than 9 percent per annum, to finance the acquisition, construction and equipping of the extraction facility on behalf of International Star, Inc. If subscribed for, the proceeds of the Revenue Bond issue may be used in part to reimburse the company for its expenses creating the financing, as well as a reserve fund if required by any party.

Joseph E. Therrell, Jr., president of International Star and a participant in the discussions with the Port Commission leading to the crafting of the Resolution to be introduced at the April 19 meeting, said, "We are gratified by the interest of the Caddo-Bossier Parishes Port Commission in our company and its ore extraction technologies, and very much look forward to working closely with it, the State of Louisiana and the other agencies which will all be involved in making this project a success. We truly appreciate the financial assistance which the Revenue Bonds will provide for us and our shareholders, and at the same time take seriously our role in helping to promote economic activity and expanded employment opportunities through the potential of growth and expansion which the Revenue Bonds can provide."

About International Star, Inc.

International Star, Inc. (OTCBB: ILST) maintains its corporate headquarters in Shreveport, La. and owns interests in mineral rights in Arizona that, subject to having adequate financial resources, it intends to exploit through the extraction of gold and other precious minerals from the rights it has acquired. More information about International Star, Inc. and its business activities can be obtained by calling International Star, Inc. at (318) 464-8687

Any statements made in this press release which are not historical facts contain certain forward-looking statements, as such term is defined in the Private Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.

These forward looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievement expressed or implied by such forward looking statements. In some cases, you can identify forward looking statements by terminology such as "may," "will," "should," "could," "intend," "expects," "plan," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of such terms or other comparable terminology. Although management believes that the expectations reflected in the forward looking statements are reasonable, the company cannot guarantee future results, levels of activity, performance, or achievements. Moreover, neither the company nor any other person assumes responsibility for the accuracy and completeness of such statements.
HTML: http://www.eworldwire.com/pressreleases/16810
PDF: http://www.eworldwire.com/pdf/16810.pdf
ONLINE NEWSROOM: http://www.eworldwire.com/newsroom/2147.htm
RSS NEWSROOM: http://newsroom.eworldwire.com/xml/newsrooms/2147.xml

Posts: 1091 | From: Brugge, Belgium / Dallas TX USA | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
J_U_ICE
Member


Member Rated:
4
Icon 1 posted      Profile for J_U_ICE     Send New Private Message       Edit/Delete Post   Reply With Quote 
SLJB (.008) Takes Offensive Position: States Forward Momentum Toward Original Business Goals

Market Wire "US Press Releases "

LAS VEGAS, NV -- (MARKET WIRE) -- 04/13/07 -- SLJB (PINKSHEETS: SLJB) today announced that it began a "seek and destroy" mission on all individuals and/or the organizations they either directly or indirectly represent tied to slanderous media campaigns and internet ****-site defamations. A spokesperson for the company said today the SLJB has had its first success in dealing with one of these scandalous persons and are now in the position of collecting damages tied to the outcome of the legal proceedings which followed the identification of the guilty party through the discovery of their IP (internet protocol) address that they utilized to post their unsupported and slanderous attacks on both business and personal issues involving the company.

"We can almost consider this a new source of revenue for our company," the spokesperson joked. "There are a lot of people on the hook for this non-sense, and we know who they are. We also know the platforms from where they attack our people and our organization. We will bring them all to like terms," the spokesperson continued.

The Company wanted to state its gratitude to its shareholders through this difficult time for their patience and understanding. SLJB will now move forward and only forward toward its original and still noteworthy goals it set in the beginning of this IPO initiative.

We made promises to shareholders and to longstanding business partners. We intend to keep them, and no one or no group will deter us from this ever.

Except for the historical information herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. When used in this press release, the words: believes, intends, anticipates, expects, predicts and similar expressions are intended to identify forward-looking statements. Actual results could differ materially from those expressed in, or implied by, the forward-looking statements based on a number of factors, including, but not limited to, costs, risks and effects of the on-going review by the Company, including the impact on the Company's ability to provide timely information as to the Company's business, operating results and financial condition; costs, risks and effects on the Company's business and the trading of its stock of legal proceedings and investigations, including the enforcement proceeding commenced by the OSC and the inquiry being conducted by the SEC; and the impact of the OSC order that trading in the Company's securities cease. Except as expressly required by the securities laws, the Company undertakes no obligation to update such factors or to publicly announce the results of any of the forward-looking statements contained herein to reflect future events, developments, or changed circumstances, or for any other reason

--------------------
The difference between genius and stupidity is that genius has its limits

Posts: 10204 | From: NYC | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
BuckyBarnes
Member


Icon 1 posted      Profile for BuckyBarnes     Send New Private Message       Edit/Delete Post   Reply With Quote 
News for 'JMCP' - (Frank Love Announces His Intentions for James Monroe
Capital)


KILLEEN, Texas, Apr 13, 2007 (BUSINESS WIRE) -- Frank Love, the president of JamesMonroe Capital (PINK SHEETS:JMCP), issued the following statement on his intentions for the direction of the company.Love stated, "When I took over this company, it had restricted shares in Originally New York and some marginal equity properties. The share price had abidof "unpriced" and an ask of $0.0001. This meant that an investor could buy the stock but it would prove to be difficult to sell it.I have come up with the following strategy that I will follow.

1) No reverse-splits. In my experience, when reverse-splits occur, the sharepriceusually falls to the level that the original reverse-split started from. Shareholders usually never benefit from this. I will not reverse-split thiscompanysince I do not believe it will benefit the shareholders whose interests I hold paramount.
2) Buy-back. We have billions and billions of shares outstanding. We will remainonthe Pink sheets and will never get institutional interest if this
continues.Iintend to buy-back as many shares as I can at $0.0001 with the revenues generated from our oil deals. In addition, I will only enter into deals wherethereis cash flow that will allow me to do this. This will allow our share price to increase so that we won't be a sub-penny as well as to provide a bidpricewith which investors will have an exit strategy. Our share price should
eventually reflect the assets that we have placed inside of it.
3) Exchanges. Once the buy-back has been completed and our outstanding share-structure has been drastically reduced, I intend for us to move to
eithertheAMEX or Nasdaq. In addition, I would like a dual listing on the AIM or Frankfurt.Please be patient with both our new management team and myself as we executethisstrategy."

SOURCE: James Monroe CapitalCONTACT:James Monroe CapitalFrank Love, 254-458-0473

Copyright Business Wire 2007

--------------------
"No nation was ever ruined by trade." Benjamin Franklin

Posts: 533 | From: Dooville, Indiana | Registered: Jul 2006  |  IP: Logged | Report this post to a Moderator
   

Quick Reply
Message:

HTML is not enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  New Poll  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share