Some news I just got on VTEH & CMAX
Venturetech, Inc. (VTEH)
407-791-0026 - VentureTech Investor Relations.
Six weeks ago the company reported its first revenues. Revenues were generated from the 300 beta testers, testing their internet gambling casino software. Revenues were minute due to it just consisting of the beta group, but the system works. Between July 15-20 that number will be increased to 500.
The $60 million financing deal has been completed, which is part of the reason why the NASDAQ listing has been pushed back. Currently, a line of credit has been established for $750 million.
On SEPTEMBER 1, THE CASINO WILL BE OPEN TO THE GENERAL PUBLIC. Within the next couple of months $2-4 million is to be spent on promoting the stock, the company and the system.
NASDAQ LISTING - The company is expecting NASDAQ registation approval by July 28 which will give them a conditional listing, before - and if - the SEC finalizes their application. Listings are usualy finalized a couple of weeks later.
Within 10 days Venturetech expects to close a deal with Turkey. The deal with Turkey will result in a $10 million licensing fee charge, payable to (VTEH) for the setup of an intra-net system. The intra-net system will be used in conjunction with a Wide Area Network (WAN) system which will consist of around 2000 machines.
Next, one of the largest casino operators in Asia is also expected to purchase this propreitary license. The cost will be $12.9 million per country in which it is used in. They are currently planning on deploying the system in at least 6 countries.
STOCK DIVIDEND - All shareholders of record prior to April 5th
will be receiving a stock dividend in Kaniksu Ventures, Inc. (KNKV).
The dividend will conist of 100 shares per every 1000 Venturetech.
Shareholders of record will also receive rights to purchase 200 shares of (KNKV) per 1000 Venturetech owned of (KNKV) at $2. KNKV closed at 6 1/8 - 6 3/4. Any questions on the stock dividend call: 801-531-7860
It should be payable within the next 2 weeks.
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CD-MAX (CMAX)
For additional questions or if you wish to verify any information
you may contact: 800-236-2901.
The finance offering should be completed by late July for $6.3 million. Additional staffing has been hired, and they are currently in search for a public relations firm.
Although, they are negociating for some contracts used in conjunction with their patented CD-ROM and pay per usage billing service. They are hoping to close a deal sometime next month.
One other thing, is that part of the offering may still be available. If you wish to contact the underwriter the information is as follows:
Underwriter: Joseph Stevens
212-361-3000
The offering consists (I believe) of 2 shares and 1 warrant for $7
All questions should be directed Joseph Stevens. |
