Sniff sniff....what's that smell....
Dreams from the past (Just a few).....
Sungold Gaming Inc
SGI
Shares issued 3,503,940
1994-06-10 close $5.75
Friday Jun 10 1994
News Release
Mr Hans Banziger reports
Sungold and Neverland Inc, of Coral Springs, Florida, have signed a memorandum of intent to jointly develop a high stakes, full scale gaming facility for the Apache tribe of Oklahoma on a site to be selected in the south-west USA.
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Sungold Gaming Inc
SGI
Shares issued 3,503,940
1994-03-17 close $4.35
Thursday Mar 17 1994
News Release
Mr Hans Banziger reports Sungold has signed an agreement with the Skyway Indian band for the development and management of a high stakes casino. The Skyway reserve lands are two miles off the Trans Canada Highway in Chilliwack, BC, placing it within a one hour drive of the Vancouver area market and within a two hour drive of metro Seattle and Everett markets. Sungold's casino plans propose a Las Vegas style casino. Negotiations with government officials for approval of unrestricted gaming on Native Indian lands are presently continuing. Currently, unrestricted gaming is unlawful in BC. Sungold has signed an agreement with Comstock Hotel/Casino of Reno, Nevada to act as Sungold's casino operator. The Comstock is one of Reno's most established and most successful gaming operations.
Effective March 14 1994 Bryant P. McAfee has agreed to join Sungold's board of directors. For the past 10 years, Mr McAfee has served as an officer of both the provincial and national Horsemen's Associations. Sungold has entered into a two year investor relations agreement with Idea Network.
Effective April 1 1994 Idea will provide its services exclusively to Sungold and will be responsible for marketing programs, investor relations and communications with shareholders and the brokerage community.
Sungold is currently involved in negotiations for a casino site in the USA, but no firm agreement has been concluded at this time.
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NTC Capital Corporation
NCP
Shares issued 2,040,440
1992-07-02 close $0.8
Thursday Jul 2 1992
News Release
Mr Hans Banziger reports Incomed, Inc, a wholly owned subsidiary of Alco International Group of San Diego, California, announced on July 1 1992 that it had received clearance from the FDA for the marketing of the Barrier Integrity Monitor System. The BIM is a fully patented, electronic device that alerts doctors and nurses to the
presence of potentially infectious blood and body fluids that often seep into surgical gloves during operations. This unique detection system allows immediate correction of barrier breaches and greatly reduces the risk of transmitting fluid born pathogens. The BIM is also expected to help prevent accidental infection of patients by doctors
and nurses whose gloves are damaged while performing surgery. The anticipated market for the BIM system includes all sites where exposure to blood and other body fluids is likely. The target personnel will be OR nurses, surgical staff and infection control officers. The FDA clearance will allow the company and Incomed to finalize an exclusive
Canadian licensing agreement for the BIM system (see Stockwatch dated April 23 1992) and to formulate Canadian marketing and distribution plans for the impending commercial production launch. A device notification has already been filed with the health protection branch, Bureau of Health and Welfare, Canada.
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Letter of intent to acquire Datalink Systems
NTC Capital Corporation
NCP
Shares issued 2,903,940
1993-07-06 close $0.45
Tuesday Jul 6 1993
News Release
Mr Hans Banziger reports The company has signed a letter of intent with Datalink Systems and the principals and sole current shareholders of Datalink outlining the terms and conditions of a proposed agreement to be entered into whereby: The company will purchase 500,000 Datalink treasury shares for $125,000 payable within 30 days of the agreement date, and the company will have an option to purchase an additional 500,000 Datalink treasury shares for a further $125,000 payable within 90 days of the agreement date. The one million shares will represent 1/3 of the issued shares of Datalink. Datalink will not issue any additional equity without the prior written approval of the company while the agreement is in force. The company will have an option to acquire from the principals the balance (two million) of the issued Datalink shares in exchange for NTC shares, within 12 months of the agreement date. The number of NTC shares to be issued will be equal to 0.82 times the number of NTC shares issued prior to the transaction. Upon exercise of the option, an RTO situation will apply; consequently, the NTC shares when issued, will be subject to earn-out provisions based on an earn-out formula satisfactory to the VSE. In the event that the company fails to exercise any of its options, or in the event that the company decides to terminate the agreement, the principals will have the option to acquire from the company within six months from the option expirty date or the termination date, all or part of the company's equity interest in Datalink at an average price of $0.35 per Datalink share. During this option period, the company will have first right of refusal to participate in any Datalink equity issue to the extent of the company's existing equity interest in Datalink. Datalink has developed certain proprietary software products and techniques that enable a variety of hardware products including state of the art Pen based and Notebook PC products, global positioning systems (GPS), bar code systems and other equipment to be readily interfaced to existing mobile data networks. To achieve
this task, Datalink has developed a PC compatible Mobile Data Server (MDS) which incorporates a powerful micro-processor and four I/O ports. The MDS is capable of
acting as the platform for user applications, and for supporting and interfacing to a variety of hardware devices. Datalink has also developed a PC based applications development toolkit which enables Datalink to rapidly develop sophisticated applications to meet specific end user requirements. The company has also secured the initial funds for the Datalink equity acquisition by way of a convertible loan of $150,000. The loan is repayable at the end of 12 months, together with interest at 10% per year, or at the option of the lender may be converted into 300,000 shares of the company, prior to maturity. As additional incentive to the lender, the company will issue a non-transferable share purchase warrant for 100,000 common shares of the company, exercisable at $0.50 within the first year or at $0.60 within the second year. A finders fee, in the form of shares and/or share purchase warrants will be paid in connection with the acquisition of Datalink and the financing thereof, in conformance with the VSE rules and regulations.
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Fircrest Resources Ltd
FCH
Shares issued 2,300,835
1989-11-21 close $0.65
Tuesday Nov 21 1989
News Release
Mr Hans Banziger reports The company has submitted for approval a filing statement regarding the proposed acquisition of a 21% interest in National Telephone and Communications including: Shareholder agreement among Donald J. Rackemann (majority shareholder of NTC), Fircrest and National Telephone. Proposed agreement which grants Fircrest the exclusive rights to promote, sell etc services developed by NTC in Canada. An extension of the agreement between Fircrest and NTC to November 29 1989 to provide for the issuance of free trading shares of Fircrest to NTC in lieu of part of the $400,000 purchase price, and to provide for the transaction's reversal if NTC does not achieve a Nasdaq listing.
The company has decided not to proceed with the agreements regarding Skeeter Skatter, ACE Speaker and Omnicom. While the company feels that it is in a strong position to recover all monies plus damages and cost, it is nevertheless willing to enter into a settlement agreement, whereby it would be repaid the monies that it had advanced from a percentage of further profits that might be realized from the sale and or distribution of the products. A proposal to this effect has been presented to Ed Porrazzo and to Chain Reactions.
The company awaits a reply. Stock options granted to David C. Valpy and Garry Montgomery have been cancelled.
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Fircrest Resources Ltd
FCH
Shares issued 2,182,501
1989-04-04 close $4.95
Tuesday Apr 4 1989
News Release
Mr Steve Peterson reports: The company will be marketing the personal electronic mosquito repellent device in the Canadian market for the 1989 season, and is currently researching the most prudent marketing approach for several other major international markets. The mass media marketing of the Skeeter Skatter in the United States began recently via a 60 second television commercial with an 800 number and credit card service. Substantial United States orders have been received for Skeeter Skatter units.
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