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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?


To: joepcf who wrote (102793)3/28/2002 10:05:30 AM
From: Joe Copia  Read Replies (1) | Respond to of 150070
 
monster alert!! ACHIW now .05 is being bought for .175

note the bold

Mar 27, 2002, (A. M. Best via COMTEX) -- Kingsway Financial Services
Inc. (TSE, NYSE:KFS) said it has approval from the Illinois director of
insurance to acquire American Country Holdings Inc. (NASDAQ:ACHI) and its
subsidiary, American County Insurance Co.

Under the tender offer announced last month, Kingsway is offering US$2.10 a
share for common stock, US$12 a share for preferred stock--plus an amount to
reflect the value of accrued dividends at expiration of the offer--and 17.5
cents for each class A common stock purchase warrant (BestWire, Feb. 27, 2002).


>The offer requires the tender of common and preferred stock representing at
least the majority of the total voting stock of American Country; that Kingsway
be satisfied that the restrictions of Delaware corporate law wouldn't apply to
Kingsway, and the necessary regulatory approvals.

Earlier this month, American Country's board recommended that shareholders
tender their shares.

In December, A.M. Best Co. downgraded the financial strength rating of American
County Insurance Co. to C++ (Marginal) from A- (Excellent) after the company's
significant reserve strengthening through the third quarter of 2001 and, as a
consequence, the recent deterioration in capitalization (BestWire, Dec. 21,
2001). These factors stem from adverse loss-reserve development from the
company's discontinued lines of business, which include artisan contractors
business and out-of-state hospitality business. To a lesser extent,
transportation results in certain states outside Illinois have been
disappointing.

Unless it is extended, the tender offer expires at midnight on April 1, Kingsway
said.

Attempts to contact the companies for additional comment weren't immediately
successful.

Kingsway has been steadily expanding its U.S. operations. Last summer, it formed
an alliance with Reliant American Group Inc., based in Fort Worth, Texas,
through which Kingsway will market Reliant property/casualty insurance products,
including commercial automobile, garage liability and general liability products
(BestWire, June 6, 2001).

In September, Kingsway expanded into the U.S. nonstandard auto market in five
states--Virginia, Indiana, Arkansas, Ohio and Kentucky--through an agreement
with Vision Insurance Group (BestWire, Sept. 6, 2001).

Kingsway General Insurance Co., an insurance subsidiary of Kingsway Financial,
is rated A (Excellent) by A.M. Best Co.

On the afternoon of March 27, Kingsway's stock was trading at $10.81 a share,
unchanged from the previous close. American Country's stock was trading at $2.10
a share, up 0.96%.


(By Meg Green, senior associate editor, BestWeek: meg.green@ambest.com)



To: joepcf who wrote (102793)3/29/2002 5:54:42 PM
From: Chuca Marsh  Read Replies (1) | Respond to of 150070
 
LOOK, just listen: CVRG....
telewrxlaunch.flashworks.biz =
Neat TUNES, zip zap ///ding./..zoom zoom zoom: CVRG add a www to the URL of ya, You are a Sargent now!
Chucka
telewrxlaunch.flashworks.biz

flashworks.biz

flashworks.biz

Chucka that is about as innovative as PET TUNEs was for the Beach Boys - I like the sound of the money. And I just bot a DOMAIN name this March LOL, maybe in 15 mins after LAUNCH I will see myself FLY in throught and arround that RainBow Pix lower down on my PR site look and listen to MY POT OF GOLD, no fears: I can't see it yet, but I will hear it ....
telewrxlaunch.flashworks.biz
chuckapublicrelations.com
Join My Downline: TECH will change EVERYTHING!
Your MyLISTmaker website URL is:
mylistmaker.com
PS- They are talking RUMORS elsewhere BIG at BULL....great: my my my listen to declared facts GREAT I SEE IT NOW, I see the sounds.
Converge Global, Inc. Completes Acquisition of TeleWrx, Inc.


LOS ANGELES--(BUSINESS WIRE)--March 27, 2002--Converge Global, Inc. (OTCBB:CVRG), announced yesterday that it has completed the acquisition of TeleWrx, Inc.

Converge Global originally signed a letter of intent on January 17, 2002 to purchase TeleWrx and make it a wholly owned subsidiary. TeleWrx specializes in the sales and marketing of telecommunications products and services through the utilization of its international network marketing organization. TeleWrx, provides "Communications that Work for You."

TeleWrx, Inc. is a development stage company with a dynamic and experienced management team that is highlighted by Donald A. Smiley serving as Chairman of the Board and Director; Robert E. Brown, Vice Chairman, Co-Founder and Director; and Michael Brown, Co-Founder, President. The Company operations will combine the power of network marketing with technologically advanced telecommunications services all under one roof. This allows the TeleWrx sales agents an opportunity to sell communications services and build a successful home-based business while earning commissions and residual income.

TeleWrx, Inc. has a three year renewable Sales and Marketing Agreement with Orbit E-Commerce, Inc. Together, they share the goal of signing in excess of 1 million subscribers in Canada and the United States over the next three years. Under the terms of this agreement, TeleWrx will distribute Orbit's award-winning VoIP long distance and Internet dial-up access service to residential and small business subscribers in major urban areas in the United States and Canada. Orbit's VoIP long distance service is reliable, has excellent toll quality voice fidelity, and its pricing will motivate users of traditional telephone services to switch. Douglas Lloyd, Orbit's President and CEO, stated, "The TeleWrx, Inc. Agreement marks a significant milestone in Orbit's development. Our network-building program with IBM (NYSE:IBM) is under way and we are now positioned to acquire significant numbers of customers."

Converge Global, Inc. purchased 100% of TeleWrx in a stock for stock exchange. The shareholders of TeleWrx received about an 80% interest in the post acquisition company. Over the coming weeks, TeleWrx intends to begin the national rollout of its services with introductory meetings in seven major cities. Management plans to grow sales in a rapid but orderly fashion while the company also builds a strong position in the market place. Management plans to build its core business by obtaining loyal customers from the over 100,000,000 homes using long distance services, by providing a bundle of communications services at a very competitive flat monthly rate that is easy to understand and meets the customers' needs. The Company's products are competitively positioned in the marketplace and the utilization of network marketing, its competitive advantage of "Friend to Friend" selling, along with its straightforward sales approach will allow TeleWrx to more quickly acquire market share and reach critical mass.

TeleWrx is positioned to capture a significant number of customers and be a serious contender in the telecommunications industry through the utilization of network marketing. By utilizing this powerful sales strategy, the company's home-based agents will approach the residential and small-business markets with the most cost-effective, most technologically advanced, and highest quality telecommunication services available today. TeleWrx will offer residential and small business long-distance, Wireless long-distance, Internet dialup (56K), calling cards, toll-free service, wireless services including WAP (wireless application protocol) devises, and enhanced services such as "follow me" and nationwide "one number" services. In the current economic environment, home-based businesses have enjoyed explosive growth and experts predict that this growth will be fueled by the expanding markets and new technology in the telecommunications industry.

Contact Mr. Richard Kaiser at Yes International for Investor Relations at 800/631-8127 or by E-mail at CVRGpresident@aol.com.

The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. Actual results of the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.

CONTACT:

Yes International

Richard Kaiser, 800/631-8127

CVRGpresident@aol.com
www.aol.com I hear, I am saying I am hearring you...



To: joepcf who wrote (102793)3/29/2002 11:31:42 PM
From: Taki  Read Replies (1) | Respond to of 150070
 
RDNK PROFITABLE WOW.IMAGINE WHEN IT GETS LISTED ON BBs?
LOOK AT THER REVENEUS AND PROFITS ENDING dECEMBER 31ST.
THIS COMPANY GROW REVENUES BIG TIME imo.
REDNECK FOODS INC 0001048057 8-K 1/31/2002 12/31/2001

pinksheets.com

REDNECK FOODS INC files Form 8-K, Current Report

--------------------------------------------------------------------------------


Janauary 31, 2002.... Los Angeles, CA.
Redneck Foods, Inc., announced the acquisition of
the assets of Customs Foods Franchise Group, Inc.

CUSTOM FOODS FRANCHISE GROUP, INC.
STATEMENT OF INCOME
December 31,2000

Revenue

Royalty Fees $387,567.00
Franchise Fees $60,000.00
Equipment Lease $787.50
Rent $80,000.00
Other Income $6,801.89

Total Income $535,156.39

Expenses

Auto $9,304.00
Bank Service Charges $2,016.76
Depr/Amort $33,487.44
Equipment Lease $1,651.53
Insurance $16,018.78
Legal/Accounting-Fees $17,500.00
Office $2,668.50
Payroll Tax Expense $10,164.20
Postage & Delivery $2,431.81
Rent $22,721.70
Royalty-Fees Promotions $33,979.27
Royalty-Fees Waived $11,391.25
Royalty-Fees-Opening Promotions $24,917.62
Salary & Wages Officers $56,538.41
Salary & Wages-Others $17,063.42
Telephone $9,895.09
Taxes &Licenses $672.00
Travel & Entertainment $15,303.47

Total Expenses $287,725.25

Profit/(Loss) $247,431.14