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Eline Entertainment Group Inc. (OTCPK:EEGI)
Eline Entertainment Group, Inc. today announced that the company has entered into merger discussions with China-based video game designer Vu365.
EEGI management feels that this is a significant event that merits reporting to the market. Management believes that this merger is imminent, as Vu365 (www.vu365.com) has been looking to enter the USA markets for quite some time, and virtually exhausted its patience in discussion with another publicly traded company. EEGI management being able to accommodate VU365 needs is taking aggressive action. According to sources, Vu365 offers revenues in the $2 million USD range, with profits of $500,000 USD.
Vu365, a China-based gaming company, has over 30 employees. Founded in 2005, the group operates web and casual games. Vu365 has several products in development: an assortment of strategic web games, cyber games and 3-D large scale competitive games. Vu365 has already garnered popularity as the sole agent of a Korean MMORPG (Massively Multiplayer Online Role-Playing Game), a game that accrued 3000 online gamers and a monthly residual income of almost 300,000 RMB (about $10,000.00 USD) from that single application alone.
In other company news, the EEGI board awaits Innovation Group (Inn) updates regarding diversification of the Inn assets. EEGI management is looking for a change in direction and growth with its focus set in the entertainment industry with the aforementioned pending merger of VU365; and the recent merger of USA based luxury leisure transportation services.
Eline Entertainment Group, Inc. operates in the educational industry in China. EEGI operates 12 educational training centers for nursery students; and 4 training programs. EEGI was formerly known as Eline Music.com, Inc. and changed its name to Eline Entertainment Group, Inc. in April 2001. Eline Entertainment Group, Inc. is based in Hendersen, Nevada.
To learn more about EEGI visit: http://www.elineentertainment.com
MF Global Holdings Ltd. (NYSE:MF) a leading commodities broker-dealer, offering trading and hedging solutions across a broad set of asset classes, today announced it appointed Mike Blomfield as Managing Director of Asia Pacific. In his leadership role, Mr. Blomfield will further develop and lead the firm’s Asian growth strategy as well as assume overall responsibility for business activities in the region. He will be based in Singapore and begin November 15, 2010. One of our greatest opportunities is in Asia Pacific where we are actively expanding our offering and reach to leverage the region’s strong economic growth, high savings rate and on-going market evolution, said Jon S. Corzine, chairman and chief executive officer of MF Global. Mike has the right combination of industry experience and leadership skills to translate these opportunities into tangible results.
MF Global Holdings Ltd., together with its subsidiaries, operates as a brokerage firm offering customized solutions in global cash and derivatives markets. It provides execution and clearing services for products in the exchange-traded and over-the-counter derivative markets, as well as for products in the cash market.
Western Refining Inc. (NYSE:WNR) announced net income of $6.9 million, or $0.08 per diluted share, for the third quarter of 2010 versus a net loss of $4.8 million, or $0.05 per diluted share, for the same period in 2009. Excluding special items, net income was $11.4 million, or $0.13 per share for the third quarter of 2010 versus a net loss of $8.7 million or $0.10 per share for the prior year period. A reconciliation of net income (loss) to net income (loss) excluding special items, for all periods shown, is included in the accompanying financial tables. Jeff Stevens, Western's Chief Executive Officer, said, We are very pleased to report another profitable quarter. Our refineries ran well and we believe refining margins at our Southwest refineries continued to be some of the strongest in the U.S. We are optimistic about the fourth quarter due to the strength in diesel margins which offset the weaker gasoline margins that we typically see this time of year. Overall, both gasoline and diesel margins are significantly stronger than the fourth quarter of 2009.
Western Refining, Inc., through its subsidiaries, operates as an independent crude oil refiner and marketer of refined products in Texas, Arizona, New Mexico, Utah, Colorado, and the Mid-Atlantic region. The company operates in three groups: Refining group, Retail group, and Wholesale group.
China Green Agriculture, Inc. (NYSE:CGA) a leading producer and distributor of humic acid ("HA") based compound fertilizer, blended fertilizer, organic compound fertilizer and mixed organic-inorganic compound fertilizer through its wholly owned subsidiaries, Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. and Beijing Gufeng Chemical Products Co., Ltd., today announced that it will host a conference call to discuss the first quarter fiscal year 2011 financial results at 9:00 a.m. ET on Wednesday, November 10, 2010. The Company plans to release its first quarter fiscal year 2011 financial results on November 9th, 2010 after market closes.
China Green Agriculture, Inc., through its subsidiaries, engages in the research, development, manufacture, and distribution of humic acid based compound fertilizers in China. Humic acid is a natural, organic ingredient for a balanced, fertile soil, and the primary constituents of organic matter.
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