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  • (ABK, PTSH, VTR, EEGI, GENZ) Breaking News From DrStockPick.com! 0 comments
    Nov 12, 2010 4:26 PM

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    PTS, Inc. (OTC.BB:PTSH) announced that through its ThinLine division has signed a 3-year Voice Over Internet Protocol (OTCPK:VOIP) contract with MC Universal Art.

    MC Universal Art has been designing and installing quality framed art for over 30 years. They are a leading provider of wholesale and retail art frames, fine art prints, signed limited additions, as well as providing interior design consulting services. MC Universal Art works with leading interior designers, architects, and office furniture dealers - they help their wholesale clients achieve an environment that drives the image and identity they want to project for customers.

    MC Universal Art is expanding its office and manufacturing infrastructure and required a scalable communications system that can handle their growth without effecting customer service. They also had a need to insure that their IT architecture would not be impacted with their communication upgrade.

    Following several queries from the investment community, PTSH explains the relationship with ThinLine and addresses its "70% ownership". Raj Kalra, CEO of PTSH explains, "PTSH purchased my 70% ownership of ThinLine in a Share Exchange Agreement last week. In exchange of my 70% ownership I received restricted shares of PTSH stock. ThinLine has two owners, PTSH (70%) and a second party (30%). ThinLine is a subsidiary of PTSH, owning 70% therefore shall receive 70% of the profits. In respect to why the deal won't close until December 31, 2010 is due to two factors: 1) ThinLine has approx 70 days to complete SEC audits and; 2) PTSH has its year end 12/31/10, and it makes for easier accounting. For all intensive purposes it is business as usual for PTSH and ThinLine since the merger.

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    Eline Entertainment Group, Inc. (PINK SHEETS:EEGI) has completed their merger with Vu365.

    Vu365 has been looking to enter the US market for quite some time, and this merger is the perfect opportunity. According to sources, Vu365 offers revenues in the $2 million USD range, with profits of $500,000 USD.

    Vu365 is a popular China-based video game designing company. Founded in 2005, the group designs online and casual video games including strategic web games, cyber games and 3D large scale competitive games and has several products in development.

    EEGI is happy to have Vu365 on their team and feels that they are a nice complement to their existing subsidiary, Let the Good Times Roll.

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    Genzyme Corp. (NASDAQ:GENZ) recently has responded to a letter sent by Sanofi-Aventis (NYSE:SNY) relating to its unsolicited tender offer.

    GENZ’s response reiterated the unanimous view of its board of directors that the $69-per-share offer price is not an appropriate starting point for discussions because it dramatically undervalues the company.

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    Ventas, Inc. (NYSE:VTR) recently has priced a public offering of $400 million aggregate principal amount of 3.125% Senior Notes due 2015 (the “notes”) at 99.528% of principal amount.

    The notes are being issued by VTR’s operating partnership, Ventas Realty, Limited Partnership, and a wholly owned subsidiary, Ventas Capital Corporation (collectively, the “Issuers”), and will be guaranteed, on a senior unsecured basis, by the Company.

    VTR expects to use the net proceeds from the offering to repay indebtedness outstanding under its unsecured revolving credit facilities and for working capital and other general corporate purposes, including to fund future acquisitions and investments, if any. Completion of the offering is subject to customary closing conditions. The sale of the notes is expected to close on November 16, 2010.

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    Ambac Financial Group, Inc. (NYSE:ABK) recently has filed for a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code (“Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York (“Bankruptcy Court”).

    ABK will continue to operate in the ordinary course of business as “debtor-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and the orders of the Bankruptcy Court.

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    THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

    Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. DrStockPick.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold DrStockPick.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://drstockpick.com/disclaimer) .Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (OTCPK:CRWE) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (OTCPK:CRWE), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (OTCPK:CRWE) advertises for a particular client, Crown Equity Holdings Inc. (OTCPK:CRWE) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (OTCPK:CRWE), if paid in stock, can and may sell those securities during the advertising period.

    Crown Equity Holdings Inc. (OTCPK:CRWE) has received five thousand dollars and anticipates receiving another forty five thousand dollars in cash from a third party for (thirty) days of advertising for PTS Inc.(OTCPK:PTSH)

    Crown Equity Holdings Inc. (OTCPK:CRWE) has received five thousand dollars and anticipates receiving another forty five thousand dollars in cash from a third party for (thirty) days of advertising for Eline Entertainment Group, Inc. (OTCPK:EEGI)

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