DD mostly complete on <PKGP>... either the most undervalued Company or I am missing something...the news and the company make it sound like a $10 stock, not a 10 cent one. Over 8 million shares traded today!
Their recently filed an Edgar, too. Could there be less than 10 million shares outstanding? Anyway... take a look at the summary below of recent news...
In addition to the May 12th news of a dividend in the form of free warrants....
PLAINVIEW, N.Y., April 21 /PRNewswire/ -- Packaging Plus Services, Inc.(OTC Bulletin Board: PKGP) announced today that the initial equipment necessary to operate its subsidiary, CUSTOMIZED CORRUGATED CORPORATION (CCC), is being acquired and will be installed in Packaging Plus' warehouse in Plainview, New York. The cost of the initial equipment is $348,000; RCC Finance Group Ltd. is providing the financing. This new division will offer yet another service to the postal/business service centers belonging to PKGP's subsidiary, The Association of Packagers and Carriers, Inc. (APAC).
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PLAINVIEW, N.Y., May 5 /PRNewswire/ -- PACKAGING PLUS SERVICES, INC.
(OTC Bulletin Board: PKGP) has announced that its wholly owned subsidiary, THE ASSOCIATION OF PACKAGERS AND CARRIERS (APAC), has selected NOVA INFORMATION SYSTEMS, INC. (NYSE: NIS), as its recommended provider of credit card and debit card processing for APAC members throughout the United States.
NOVA is the fifth largest payment processor in the U.S., with a volume in excess of $24 billion annually generated by more than 170,000 merchants nationwide. The company will process and settle point-of-sale (POS) transactions for participating APAC member associates.
"NOVA INFORMATION SYSTEMS, INC. is extremely pleased to be working with APAC," said Kimberley Yobnk, NOVA Director of Associate Sales. "We look forward to providing superior products and service to APAC member associates. By working to promote name recognition, we will be generating additional revenue for APAC."
PACKAGING PLUS SERVICES, INC. owns and operates several subsidiaries in the packaging and shipping businesses. APAC, THE ASSOCIATION OF PACKAGERS AND CARRIERS, is a nationwide association of independent postal/business service centers. The Association provides access to a variety of business services and logistically convenient and cost effective delivery of goods worldwide.
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PLAINVIEW, N.Y., April 9 /PRNewswire/ -- Chris G. Gunderson, Jr., General Counsel of Packaging Plus Services, Inc., (OTC Bulletin Board: PKGP) announced today the following appointments of law firms to assist the PKGP Group in its planned acquisitions and future business growth:
Thacher Proffitt & Wood
General Outside Counsel
New York, Washington D.C.
Zuckerman Gore & Brandeis
SEC Counsel
New York
Kral, Clerkin, Redmond, Ryan, Perry & Girvan
General Litigation Counsel
New York, New Jersey
Hunton & Williams
Mid-Atlantic Counsel
Virginia, Georgia, North Carolina, Tennessee,
Washington D.C., (Belgium, Poland)
Kleiman, Lyons, Schindler & Gross
Northeast-Counsel
Massachusetts
Middleton & Reutlinger
Southeast Counsel
Kentucky, Indiana
Judge & James
Mid-West Counsel
Illinois
Martindale Swearer & Shaffer
Mid-West Counsel (Western)
Kansas
Scully, Scott, Murphy & Presser
Trademark and Patent Counsel
"All of these counsel have assisted PKGP in the past and I am personally familiar with them for a substantial period of time when I was Assistant General Counsel of Amstar Corporation (American Sugar) and Domino Sugar Corporation, and their subsidiaries. These firms will play an essential part in PKGP's future growth," said Mr. Gunderson.
PKGP's subsidiaries are the Association of Packagers and Carriers, Inc. (APAC), a nationwide association of independent postal/business centers. The association provides access to business services and logistically convenient and cost effective delivery of goods worldwide. Packaging Plus' other subsidiaries are engaged in advertising, logistical services and concierge services.
SOURCE Packaging Plus Services, Inc.
/CONTACT: Chris G. Gunderson, Jr., General Counsel of PKGP, 516-349-1300, or fax, 516-349-8036/
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PLAINVIEW, N.Y., April 9 /PRNewswire/ -- Chris G. Gunderson, Jr., General Counsel of Packaging Plus Services, Inc. (OTC Bulletin Board: PKGP), announced the filing of a suit in the Circuit Court, Dade County, Florida, against Select Capital, Ronald G. Williams, Walter S. Kolker and Sheldon Taiger for compensatory and punitive damages, and return of fees and commissions, for breach of contract for failure to honor previous funding commitments and promises, for an amount in excess of $68 million, including related counts for fraud, conversion and conspiracy. Mr. Gunderson stated that PKGP is represented in this suit by prominent Miami attorney, Arthur W. Tifford, Esq.
SOURCE Packaging Plus Services Inc.
/CONTACT: Chris G. Gunderson, Jr., General Counsel for Packaging Plus
Services, 516-349-1300/
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Judging by the recent news, some or all of the following is possible IMO:
1) News may be coming on new alliances and deals...they seem to really be setting up a great network and startegy. THe NOVA thing is pretty telling (story #2)
2) They may have news of some new mergers or acquisitions...they have an amazing amount of geographic-based legal firms to assist in this (story #3)
3) There may be good news on the lawsuit involving $68 million in damages sought? Longshot buy maybe a settlement?
This company sure sounds like a Professional operation, IMO, but what do I know....comments?
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