TCLT News After Bell: Announces financing commitment of $1,000,000
Techalt, Inc. (TCLT:PK) announced late this afternoon a Financing Commitment from Equity Investment FirmF firm to provide the Company with up to $1,000,000.00. TCLT should recieve the money within the next 60-120 days and intends to use the proceeds from this investment to meet its financing commitment as part of the closing conditions for the merger agreement with EV Parts, Inc. an online supplier of electric vehicle parts and components and has been selling products in the Robotic/Electrathon, Industrial, Personal Mobility, Marine/RV, and Renewable Energy markets.
TCLT opened this morning at .02 and closed down today at .014 or 17.65% on 3,266,543 shares traded.
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LDTI Makes 40% Upward Movement Today
LDTI (OTCBB)
Leisure Direct, Inc. (LDTI: OTCBB) opened this morning at .10 and had moved to as high as .14 in the last hour of Friday's session giving LDTI a 40% gain today. No news has been released from Leisure Direct, Inc. in the past few weeks other than a early Jnauary release that LDTI had chosen Numarket Solutions, Inc. for investor and public relations services.
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CWRM Up 333 % Moving Into End Of Day
CWRMChart Update
Cotton and Western Mining (CWRM OTC:PK) continues to add to it's gains today with news released this morning that the company projects revenues of over $100 million for 2008.
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DNAG To Be Acquired By Nanobac Pharmaceuticals Inc
DNAG (OTCBB)
Nanobac Pharmaceuticals Inc. (OTCBB:NNBP) announced today that a signed letter of intent for the acquisition of DNAPrint Genomics, Inc., has been completed,with the acquisition first having to be approved by DNAPrint Genomics shareholders. DNAG has traded 12,585,000 shares as of mid-day and shown a gain off 33.33% in share price increase since this morning's open.
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VRAI Continues Up 50% On The Day
VRAI (OTC:PK)
Viragen, Inc., (VRAI(OTC:PK) comtinues it's mysterious climb for the third straight day, up 50% in todays morning session. No news has been released from the company giving an explanation for the recent increase in the company's stock price.
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IYXI Slowly Moving Up
IYXI (OTCB:PK)
INYX, Inc., (OTCB:PK) Is making a move up off of support after a recent dip. There has been no news from the company in over six months to give any indication for the recent upward movement other than a bounce play by penny traders.
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CBGC News Out Finalizing Merger
CBGC (OTC:PK)
Canadian Blue Gold Inc., announced today that the company has finalized a merger agreement with a bottling industry leader. Canadian Blue Gold Management said that the bottling leader merger company is well established in the water distribution business and industry throughout both the United States and Canada.
Canadian Blue Gold will disclose further information once consent has been received from the respective attorneys and approval by the regulatory authorities.
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SCTN Files 2003 10K With SEC, Moving To The OTCBB
SCTN (OTC:PK)
Smart Chip Technologies announced today that the company has filed it's 2003 10k with the SEC. Forms 10K from 2004 through 2007 will also be filed soon ,the company reported. Once the filings are completed, the company will move forward to the Over the Counter Bulletin Board (OTCBB) market once the SEC approves their filings.
The company believes that these filings and a listing ont the OTCBB exchange will increase the company value for shareholders and potential investors as well as creditors, partners and customers. Also allowing for additional exposure with brokerage houses that will result in increased volume and liquidity for the company stock.
The SCTN also said that major license sales and revenue contracts are moving closer to completion and several are expected to close within the next few months.
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CWRN: 2008 Revenues Projected To Exceed $100 Million?
CWRM (OTC:PK)
Cotton & Western Mining, Inc., Robert L. Cotton, President & C.E.O. released news from the company today stating that CWRM is expecting to get at least 6 months production from its Baja California iron and copper ore production this year and with metal mineral prices at all time highs, only 60,000 dry metric tons of copper ore and 900,000 dry metric tons of iron ores would be needed to exceed $100,000,000.00 in gross revenues.
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CARD Following Through On Thursday News
CARD (OTC:PK)
PubliCARD (CARD:PK) is following through today on the news yesterday that the company is emerging from bankruptcy. The company will now be called Chazak Value Corp. and will be focusing on acquisition of privately held businesses. Under the bankruptcy plan, The 500 Group, LLC, a company controlled by PubliCARD's Chief Executive Officer, Joseph E. Sarachek is receiving 90% of the Reorganized Debtor's common stock and all outstanding shares of PubliCARD common stock and preferred stock were cancelled. Former holders of PubliCARD's common will receive five percent of the reorganized debtor's stock of 256,676 common shares and former holders of PubliCARD's preferred stock will also receive an aggregate of five percent of the Reorganized Debtor's stock of256,676 common shares.
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GBVS Up 40%
GBVS(OTCBB)
Global Beverage Solutions (GBVS) gapped up this morning and so far is holding it's gains in the morning session. Penny traders have hopped on board GBVS since news came out earlier in the week that the company was buying back 60,500,000 shares of it's common stock.
WNBD Breeching .03?
Winning Brands Chart
WNBD is trying to breech the .03 mark and is creating another green candle today as it moves upward. Winning brands has moved up since Monday when the company announced operations in Europe.
$44.6b For Yahoo?
Microsoft Offers $44.6B for Yahoo
Friday February 1, 9:14 am ET By Michael Liedtke, AP Business Writer
Microsoft Makes Unexpected $44.6B Offer for Internet Icon Yahoo
SAN FRANCISCO (AP) -- Microsoft Corp. has pounced on slumping Internet icon Yahoo Inc. with an unsolicited takeover offer of $44.6 billion in its boldest bid yet to challenge Google Inc.'s dominance of the lucrative online search and advertising markets.
The surprise offer of $31 per share, made late Thursday and announced Friday, comes with Sunnyvale-based Yahoo in a vulnerable position.
In a statement Friday, Yahoo said it will "carefully and promptly" study Microsoft's bid.
With its profits steadily sliding, Yahoo's stock slipped to a four-year low earlier this week and a new management team has been trying to steer a turnaround but sees more turbulence through 2008.
The announcement sent Yahoo's share price up 60 percent in premarket trading, while Google fell 8 percent, weighted down by a fourth-quarter earnings report that missed Wall Street expectations.
In a letter to Yahoo's board of directors, Microsoft Chief Executive Steve Ballmer indicated the world's largest software maker is determined to bring the two companies together.
To underscore its resolve, Microsoft is offering a 62 percent premium to Yahoo's closing stock price Thursday.
Since reaching a 52-week high of $34.08 in October, Yahoo shares have fallen 46 percent. Yahoo climbed $10.40 a share, or 54 percent, to $29.58 in premarket trading. Microsoft shares fell $1.40, or 4.3 percent, to $31.20.
Ballmer revealed in the letter that Yahoo had rebuffed a previous overture a year ago, saying it had a turnaround in the works. But he pointedly noted Yahoo has instead deteriorated significantly.
"A year has gone by, and the competitive situation has not improved," Ballmer added.
Microsoft's previous offer was rebuffed by Terry Semel, who stepped aside last year as chief executive under shareholder pressure.
Microsoft sent its latest takeover offer to Yahoo late Thursday, shortly after Semel resigned as the company's chairman. The letter is addressed to Semel's successors, new Chairman Roy Bostock and the current CEO, co-founder Jerry Yang, who is one of Yahoo's largest shareholders.
"Microsoft's consistent belief has been that the combination of Microsoft and Yahoo! clearly represents the best way to deliver maximum value to our respective shareholders, as well as create a more efficient and competitive company that would provide greater value and service to our customers," Ballmer wrote.
In a prepared statement, Yahoo said its board "will evaluate this proposal carefully and promptly in the context of Yahoo's strategic plans and pursue the best course of action to maximize long-term value for shareholders."
Under terms of the proposed deal, Yahoo shareholders could choose to receive cash or Microsoft common shares, with the total purchase consisting of 50 percent cash and 50 percent stock.
Microsoft said it sees at least $1 billion in cost savings generated by the combination, and intends to offer significant retention packages to Yahoo engineers, key leaders and employees. The software giant said it believes the takeover would receive regulatory clearance and close in the second half of 2008.
Signaling Microsoft doesn't intend to take no for an answer, Ballmer wrote that the company "reserves the right to pursue all necessary steps to ensure that Yahoo's shareholders are provided with the opportunity to realize the value inherent in our proposal."
Google shares fell $46.55, or 8.3 percent, to $517.95 in premarket trading after the Mountain View-based company reported fourth-quarter earnings that missed analyst estimates.
While Yahoo is struggling, Microsoft is thriving. The Redmond, Wash.-based company last week forecast a rosy 2008 -- despite broader economic worries -- after it blew by Wall Street's expectations for a second consecutive quarter.
AP Business Writer Jennifer Malloy in New York contributed to this story
Click Here For Link To Original
Friday February 1, 9:14 am ET By Michael Liedtke, AP Business Writer
Microsoft Makes Unexpected $44.6B Offer for Internet Icon Yahoo
SAN FRANCISCO (AP) -- Microsoft Corp. has pounced on slumping Internet icon Yahoo Inc. with an unsolicited takeover offer of $44.6 billion in its boldest bid yet to challenge Google Inc.'s dominance of the lucrative online search and advertising markets.
The surprise offer of $31 per share, made late Thursday and announced Friday, comes with Sunnyvale-based Yahoo in a vulnerable position.
In a statement Friday, Yahoo said it will "carefully and promptly" study Microsoft's bid.
With its profits steadily sliding, Yahoo's stock slipped to a four-year low earlier this week and a new management team has been trying to steer a turnaround but sees more turbulence through 2008.
The announcement sent Yahoo's share price up 60 percent in premarket trading, while Google fell 8 percent, weighted down by a fourth-quarter earnings report that missed Wall Street expectations.
In a letter to Yahoo's board of directors, Microsoft Chief Executive Steve Ballmer indicated the world's largest software maker is determined to bring the two companies together.
To underscore its resolve, Microsoft is offering a 62 percent premium to Yahoo's closing stock price Thursday.
Since reaching a 52-week high of $34.08 in October, Yahoo shares have fallen 46 percent. Yahoo climbed $10.40 a share, or 54 percent, to $29.58 in premarket trading. Microsoft shares fell $1.40, or 4.3 percent, to $31.20.
Ballmer revealed in the letter that Yahoo had rebuffed a previous overture a year ago, saying it had a turnaround in the works. But he pointedly noted Yahoo has instead deteriorated significantly.
"A year has gone by, and the competitive situation has not improved," Ballmer added.
Microsoft's previous offer was rebuffed by Terry Semel, who stepped aside last year as chief executive under shareholder pressure.
Microsoft sent its latest takeover offer to Yahoo late Thursday, shortly after Semel resigned as the company's chairman. The letter is addressed to Semel's successors, new Chairman Roy Bostock and the current CEO, co-founder Jerry Yang, who is one of Yahoo's largest shareholders.
"Microsoft's consistent belief has been that the combination of Microsoft and Yahoo! clearly represents the best way to deliver maximum value to our respective shareholders, as well as create a more efficient and competitive company that would provide greater value and service to our customers," Ballmer wrote.
In a prepared statement, Yahoo said its board "will evaluate this proposal carefully and promptly in the context of Yahoo's strategic plans and pursue the best course of action to maximize long-term value for shareholders."
Under terms of the proposed deal, Yahoo shareholders could choose to receive cash or Microsoft common shares, with the total purchase consisting of 50 percent cash and 50 percent stock.
Microsoft said it sees at least $1 billion in cost savings generated by the combination, and intends to offer significant retention packages to Yahoo engineers, key leaders and employees. The software giant said it believes the takeover would receive regulatory clearance and close in the second half of 2008.
Signaling Microsoft doesn't intend to take no for an answer, Ballmer wrote that the company "reserves the right to pursue all necessary steps to ensure that Yahoo's shareholders are provided with the opportunity to realize the value inherent in our proposal."
Google shares fell $46.55, or 8.3 percent, to $517.95 in premarket trading after the Mountain View-based company reported fourth-quarter earnings that missed analyst estimates.
While Yahoo is struggling, Microsoft is thriving. The Redmond, Wash.-based company last week forecast a rosy 2008 -- despite broader economic worries -- after it blew by Wall Street's expectations for a second consecutive quarter.
AP Business Writer Jennifer Malloy in New York contributed to this story
Click Here For Link To Original
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