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Non-Tech : Stocks moving from the OTCBB ---> AMEX -- Ignore unavailable to you. Want to Upgrade?


To: Q. who wrote (51)1/12/2001 6:03:31 AM
From: RockyBalboa  Read Replies (1) | Respond to of 57
 
Like that one, it just broke into pieces:

Press Release
Osage Systems Group Announces Letter of Intent Regarding Sale of Substantial Operating Assets to Pomeroy Computer Resources
PHOENIX--(BUSINESS WIRE)--Jan. 11, 2001--Osage Systems Group Inc. (AMEX: OSE - news) Thursday announced that it has entered into a letter of intent (LOI) providing for the sale of operating assets and the business of Osage to Pomeroy Computer Resources Inc. (Nasdaq: PMRY - news).

The purchase price is undisclosed at this time.

The transaction is subject to a number of conditions, including negotiation of definitive agreements and customary approvals and consents. It is contemplated that the transaction will also be effected through the provisions of the U.S. Bankruptcy Code and will, accordingly, be subject to court approval.

If the sale is completed, Pomeroy anticipates that the systems integration and consulting business of Osage will operate as additional branch offices of the company.

``This proposed transaction should provide Pomeroy with the opportunity to acquire the business and capabilities associated with Osage's talented group of employees. It will also give the company a presence in geographies where we currently do not have facilities,'' commented Stephen E. Pomeroy, president of Pomeroy.

Over the past several months, management of Osage has sought capital to fund prior obligations and support its operations. Until recently, Osage has been able to generate operating cash flow but has not had sufficient capital support to overcome past obligations and support operations.

Because of its capital constraints, Osage has at times been unable to secure the necessary credit to purchase needed hardware and software for sale to its customers, resulting in lost sales opportunities. This has been a contributor to a major downturn in sales and operating cash flow in the fourth quarter.

In light of Osage's inability to show a profit, its capital providers have been reluctant to continue to invest additional capital or fulfill their capital commitments. Currently, Osage does not have the cash availability to meet critical payments to maintain its operations independently.

``The proposed sale to Pomeroy should permit the business of Osage to continue and develop as part of Pomeroy while providing the greatest value to Osage stakeholders,'' commented Phil Carter, chief executive officer of Osage.

This transaction will take place under the provisions of bankruptcy laws. Osage has engaged Hodgson Russ LLP as bankruptcy counsel to advise on all creditor issues. .



To: Q. who wrote (51)6/22/2001 11:58:06 AM
From: RockyBalboa  Respond to of 57
 
A stock moving to the amex... or better buying AMEX clothes:

biz.yahoo.com

Infotopia and EntrePort Announce That They Have Signed a Definitive Reorganization and Merger Agreement
EntrePort's Shareholders to Vote On Proposed Deal
BOSTON--(BUSINESS WIRE)--June 15, 2001--Infotopia, Inc. (OTC BB: IFTP - news) and EntrePort Corporation (AMEX:ENP - news; ``EntrePort'') announced today that they have reached and executed a definitive agreement to pursue a corporate reorganization in which Infotopia, Inc., a Nevada Corporation (``Infotopia Nevada'') will sell its wholly owned subsidiary Infotopia, Inc., an Ohio Company (``Infotopia Ohio'') (the operating entity which contains all the revenue and expenses of the Company) to EntrePort. Subsequently EntrePort will spin-off its existing business to its shareholders.

According to the agreement, EntrePort will effect a 1-for-18.55 reverse split of its common stock. EntrePort will then transfer all of its assets and liabilities to a wholly owned subsidiary and will distribute shares of stock of the subsidiary to existing EntrePort shareholders. EntrePort will then acquire all of the assets and assume all of the liabilities of Infotopia by an exchange in which EntrePort will issue to Infotopia Nevada 13,100,000 units, each unit consisting of one share of EntrePort common stock, a warrant to purchase 1/2 of a share of EntrePort common stock at $5.00 per full share and a warrant to purchase 1/4 of a share of EntrePort common stock at $10.00 per full share. EntrePort's spun-off subsidiary will receive $500,000 in the transaction. The total issued and outstanding shares of common stock of EntrePort after the closing will be approximately 15,480,000 shares. Infotopia Nevada (IFTP) will hold approximately 85.1% ownership in the new share structure in EntrePort (ENP) after the transaction is completed.

The closing of the transactions are subject to EntrePort shareholders' approval at a special shareholders meeting. All EntrePort shareholders will receive a proxy statement containing detailed information about the proposed transaction. The American Stock Exchange must also approve the continued listing of the surviving corporation as a condition to closing.

David D'Arcangelo, Chairman of EntrePort stated, ``We are thrilled that this deal is in the final stage of shareholders' approval. I am confident that Infotopia's revenues and profits will benefit our shareholders.''

Daniel Hoyng, CEO of Infotopia commented, ``Upon careful analysis, we believe that our decision to complete this transaction with EntrePort will enable us to achieve a proper valuation of our Company. Ability to move to AMEX and to attract financial institutions that specialize in mid-cap markets will ultimately benefit Infotopia's shareholders.''



To: Q. who wrote (51)10/16/2001 7:34:50 PM
From: RockyBalboa  Respond to of 57
 
New Amex listing

UWN -- Nevada Gold & Casinos, Inc.

formerly UWIN.OB. Trading at $3

Nevada Gold and Casinos currently owns 43% of the Isle of Capri-Black Hawk, the largest hotel casino in Colorado, owns undeveloped real estate in CO and NJ, and owns 30% of Restaurant Connections, the operator of 19 Pizza Hut restaurants in Brazil. For the three months ended 6/30/01, total revenue fell 2% to $131 thousand. Net income fell 72% to $807 thousand. Results reflect lower interest income and a $462 thousand income tax provision vs. a $1.8 million income tax benefit.

Some info here: sec.gov