SRCR DD copied from RB
By: Jacque_Strap $$$
Reply To: None
Friday, 11 Aug 2000 at 10:30 AM EDT
Post # of 158
SRCR DD Page
If anyone would like to add to this, please let me know. Hopefully we can introduce this to others in the Raging Bull
Community.
-Jacque
Symbol: SRCR
Shares Outstanding: 25.5 million
Float: 3.10 million (It is believed that more than half of the float is in very very tight hands:)
88% of SRCR stock is held by insiders:) Market Makers may currently be facing a large short position as well.
Lets start with a link to the News releases. Next will be an examination of what they say, Pr by PR.
News from 7/14 - Full Release
newsalert.com
News from 8/3 - Full Release
newsalert.com
News from 8/7 - Full Release
newsalert.com
News from 8/10 – Full Release
newsalert.com
Examination of 7/14 PR by dd_digger
My comments will be interjected in italics, the balance is from the Company Release. Points of special interest IMO are in
bold. Lets take a closer look.
SPOKANE, Wash.--(BUSINESS WIRE)--July 14, 2000--Norad, Corporation, a privately held corporation, specializing
in the consolidation of environmentally related businesses, today announced, it has entered into a merger
agreement with Semper Resources, Inc. a publicly traded company currently quoted on the OTC Bulletin
Board under the symbol SRCR.
This is self explanatory. A private company has become public. WHY? Possibly to raise capital to take on some
interesting projects? Usually happens that way.
Norad, Corporation, founded in 1998, has spent the last 2 years developing a strategic technology IESCRETE(TM), a
proprietary chemistry for the treatment of contaminated soil and stabilization, as well as innovating and perfecting its
unique consolidation program.
"The announcement of this merger marks an exciting time for Norad," says Mr. Galen Dean Loven, PhD, Norad
President and CEO, and an expert on Contamination Processing Techniques. "By leveraging our cutting edge
treatment services, we will enable Norad to jump to the forefront of cost efficient, contaminated soil
solidification and stabilization. Norad will be providing cutting edge treatment services as the United States begins
to approach environmental remediation with a recycling perspective similar to European developments."
Now how would a company leverage their services. Maybe by joining forces with some other companies. Can you
say acquisition? How does a company jump to the forefront. Correct, by making themselves larger and higher
profile.
Norad has expanded its operations through the acquisition of a newly permitted remediation facility in
Bakersfield, CA. This highly strategic location processes oil-contaminated soils using advanced bio remediation
technologies, recycling the toxic soils into clean, reusable soil. This acquisition typifies both Norad's
commitment to developing remediation processes and technologies capable of recycling and the ability of the
company to acquire well-positioned environmental operations. The Bakersfield facility has the capacity to grow to
$10,000,000 a year in revenues.
As I speculate above, they already are showing they expand via acquisition. They are currently located in the right
location. Possibly other prime locations can be added through acquisition. Nice statement made about recycling
the contaminated soil into clean, reusable soil. Very Politically Correct and very much needed service. Again
toward the end of the paragraph they refer to acquisitions. Then the killer statement to finish it up. Capacity to grow
to $10,000,000 / year revenues. That is huge IMO.
From the 8/3 Release (an analysis) by dd_digger
My comments will be interjected in italics, the balance is from the Company Release. Points of special interest IMO are in
bold.
SPOKANE, Wash.--(BUSINESS WIRE)--Aug. 3, 2000--Semper Resources,Inc.,
(OTCBB:SRCR) announced today that it has finalized the definitive agreements for
the acquisition of Washington-based NORAD,Inc., a privately held corporation,
specializing in the consolidation of environmentally related businesses, The
transaction has been agreed upon with control of Norad already tendered to Semper.
Final closing and filing Form 8K will be timed to completion of Norad's June 30
year end audit. To take advantage of immediate acquisition opportunities Norad
has agreed to allow Semper immediate access to its industry consolidation strategy.
Semper will implement aggressive action to bring the potential of Norad's program to
the Company.
Great The company has announced they have finalized the merger agreement.
Groundwork is now being laid to do their thing. The legal crap is finalized.
What are they saying “specializing in the consolidation of environmentally related
businesses” for sounds like the plan to expand, we already have seen that. Now they
are repeating the point. The company is establishing they are willing to commit to a
date, buy the way they already met, per the next PR. There are telling us they are going
to do what they say, and back it up with fact. What’s the IMMEDIATE ACCESS
statement for. Remember these words are chosen very carefully. That to me sounds
like something is coming soon. Now here they go again with “IMPLEMENT
AGGRESSIVE ACTION”. Giving us something to think about for sure.
Norad, Inc., founded in 1998, has spent the last 2 years developing a strategic technology
IESCRETE(TM), a proprietary chemistry for the treatment of contaminated soil and
stabilization, as well as innovating and perfecting its unique consolidation program.
IESCRETE(TM) is a proprietary chemistry for contaminated soil
solidification and stabilization. This process binds toxins and surrounding soils into a
hard, cement like product which is safe and suitable for reuse in applications such as
road bases. The recycling potential of IESCRETE(TM), and its cost efficiency, makes it a
product of the future as the United States begins to approach environmental remediation
with a recycling perspective similar to European developments. IESCRETE(TM) is also
highly effective in other applications such as closing and capping mine tailings.
In a recently completed EPA sponsored one-year test of technologies available for in place mine
tailings capping, IESCRETE(TM) was identified as the most effective and inexpensive
process. Norad expects the potential for this product to expand exponentially over the
next 5 years.
I like it when a company has something “PROPRIETARY. Product is safe and
reuseable, that’s a great thing. Whoa, this process is blessed by the EPA. I smell
contracts coming.
"Completion of this transaction will mark an exciting time for NORAD," said Mr.
Galen Loven, President and CEO. "By leveraging our contamination services, we will
enable the Company to jump to the forefront of environmental remediation, and are
setting the standard by which future environmental applications will be
measured."
Completion is a great word for finalization of a deal. Sure hope they are exciting times.
We also are hearing this leveraging concept in the 2nd PR. love those trend setters.
Speight & Associates, Inc. privatelabelshells.com) a Florida based
management-consulting group, specializing in mergers,
acquisitions, and corporate funding, were involved in structuring & facilitating the
transaction.
Pay attention to what this company that put all this together specializes in.
I always like to review the series of PR’s a company outs out. What are they driving
home?
They repeat acquisition, and leveraging so far. Sounds good to me.
Also they are concentrating on the environmentally friendly aspect of the service. And
top it off with an EPA blessing.
This is getting more exciting as I go.
From the 8/7 Release (an analysis) by dd_digger
My comments will be interjected in italics, the balance is from the Company Release.
Points of special interest IMO are in bold.
SANTA MONICA, Calif.--(BUSINESS WIRE)--Aug. 7, 2000--Semper Resources Inc.
(OTCBB:SRCR) today announced that effective immediately, it has appointed Dr.
Galen Dean Loven as president and chief executive officer.
Notice now that the releases are coming from Santa Monica as opposed to Spokane
for the earlier releases. Always like words like immediate.
The appointment of Loven to this position signals the initiation of the Norad Corp.
consolidation strategy through Semper. Loven is the CEO of Norad and was the
creator of this unique and compelling strategy to roll up key sectors of
environmentally related industries. Semper is currently completing its acquisition of
Norad.
The process has started, and the company repeats the concept of consolidation
strategy.
I have got to keep thinking acquisitions are in the works for us when statements like
“unique and compelling strategy to roll up key sectors of environmentally related
industries” are made.
Loven is well suited to this position, with a background that includes venture capital,
business ownership and more than a decade's experience as a consultant
specializing in complex succession planning and transfer of ownership for
closely held businesses.
Dr. Lovens background is compelling. Sure falls in line with what I have been
speculating about coming acquisitions.
"Management of Norad and Semper were compelled to accelerate activities to
enable the companies to capitalize upon immediate roll-up opportunities,"
remarked Loven.
What is this “immediate roll-up opportunity” they keep referring to. Bet we are going to
find out soon.
"Assuming operating control of Semper will allow us to move forward rapidly and not
lose certain windows of opportunity. I expect the next few months, if not years, to be
extremely active times for us as we build Semper into a vibrant and innovate provider
of advanced services and technologies throughout all sectors of our living
environment."
Again I have to think things are about to unfold for us with statements like “forward
rapidly” ans “windows of opportunity”.
Why are they now referring to “technologies throughout all sectors of our living
environment”. I thought this was all about treating contaminated soil? Is there
something else coming into the picture also that they haven’t mentioned yet, but
teasing us with now?
This is getting very interesting.
More to follow.
From the 8/10 Release (an analysis) by dd_digger
My comments will be interjected in italics, the balance is from the Company Release.
Points of special interest IMO are in bold.
LOS ANGELES--(BUSINESS WIRE)--Aug. 10, 2000--Semper Resources Corp.
(OTCBB:SRCR), specializing in the consolidation of environmentally related
businesses, today announced it has entered into a funding agreement with an
investment banking firm for $1,000,000.
Look what they say is the specialty of the company.
Semper has a funding agreement with an investment banking firm. Not just some guy
with bucks. The agreement is with an investment banking firm.
Galen Loven, president and CEO of Semper, commented: "This funding will help us
expand our vision and move forward more aggressively to achieve our broader
goals. This initial round of funding is a testament to the quality of our roll-up strategy.
We are delighted to have this commitment that provides the platform for further
important developments including the pursuit of several attractive opportunities
in the burgeoning environmental market."
They again mention about expanding and moving forward aggressively to achieve
broader goals.
WOW, “Initial round of funding”, that means more coming. These guys won’t be
strapped for cash.
Again they mention about further developments and now say several attractive
opportunities.
Speight & Associates Inc., a Florida-based management-consulting group, specializing
in mergers, acquisitions and corporate funding, was involved in structuring and
facilitating the transaction.
There is that acquisition word again.
Some info about the new President and CEO of SRCR
Galen Dean Loven consults nationally on succession planning,
business planning, and development. His clients range from
Fortune 500 companies to independent professionals and
entrepreneurs. With more than 23 years of business ownership
and consulting experience, he is well known for his straightforward
and positive approaches to problem solving and resolving
conflicts. He presented a seminar for the Foundation in June of
1994.
Mr. Loven is a popular speaker, giving seminars, workshops and
keynote addresses throughout the United States and Canada. His
easy manner, combined with his broad experience, inspires,
motivates and educates. Many of his programs are used in
continuing education programs by accountants and attorneys.
In keeping with his basic belief that "business must be fun as well
as profitable," Mr. Loven makes his home in Eastern Washington,
after spending many years in large metropolitan areas. Mr. Loven
is the author of several books:
The paragraph above came from the following link:
lowe.org
Here is another link about the new CEO of SRCR....look for Galen Loven about halfway down the page....this is a press
release from 1998, but look at what Mr. Loven did for this company(SNG Telecom) on the American Stock Exchange.
sngtelecom.com
Here is what is said about Dr. Loven in the link above,
"Galen Loven: The board of directors has approved a consulting contract with Galen Loven pursuant
to which Mr. Loven will identify potential acquisition or merger opportunities and conduct initial due
diligence in connection therewith. Mr. Loven reports directly to the President and acts upon instructions
from the board of directors. Mr. Loven has no role in the day to day management of the Corporation nor
does he provide any investor relations services."
Here's some tidbits about Robert Dietrich, who is also involved with SRCR and was the CEO before the newly
appointed CEO was just announced.
stockir.com
Some background info on the President and CEO of Semper, Robert Dietrich.
webster.edu
Dietrich's involvement with Webster University.
itec.net
"Robert A. Dietrich, President and Chief Executive Officer Cyberair Communications, Inc. and Semper Resources
Corporation"
Special thanks to dd_digger for his time and efforts. |
