Eline Entertainment Group Inc. (OTCPK:EEGI)
Eline Entertainment Group, Inc. and the company's subsidiary Let The Good Times Roll has successfully merged with Midnight Express. This is a second expansion merger for EEGI.
LTGTR's subsidiary Midnight Express is a Florida based luxury transportation company specializing in tours of the Tampa Bay area. Midnight Express was previously geared towards tours in the party bus atmosphere, which makes for a great synergistic merger with LTGTR as the company expands both its business model and territory.
This acquisition has the potential to add significant increases in annual revenue to EEGI, but the real value in this merger lies in the select agreements and joint ventures with local businesses.
"The acquisition of Midnight Express helps us immensely in our pursuit of shuttle services. We expect to announce a major business strategic agreement in the Tampa Area in the upcoming few weeks thanks to this acquisition." - Debra Davis President of LTGTR.
LTGTR employs an organic expansion and acquisition strategy to increase revenue streams and expand into the market immediately. Besides organic expansion, EEGI continues to seek mergers, acquisitions, and participation in various joint ventures. EEGI seeks to achieve aggressive business growth with several mergers in the near future.
This is EEGI's third merger announcement in the last several days, and a second merger for the LTGTR. EEGI management is excited by the speed with which the LTGTR moves, and intends to keep shareholders updated with further details on the progression of any upcoming mergers and already completed mergers.
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
The Board of Directors of Cherokee Inc. (NASDAQ:CHKE), a leading licensor and global brand management company, approved the distribution of a quarterly dividend to shareholders of $0.38 per share.
The dividend will be payable on or about December 15, 2010, to shareholders of record on December 1, 2010. This dividend will represent the twenty-ninth consecutive quarterly dividend paid by CHKE to its shareholders since December 2003.
Including this upcoming dividend, since 1996 CHKE will have paid out over $211 million in dividends and distributions to its shareholders.
MetroPCS Communications, Inc. (NYSE:PCS) reported that its indirect wholly-owned subsidiary, MetroPCS Wireless, Inc., has priced a public offering of $1 billion aggregate principal amount of 6 5/8% Senior Notes due 2020 (the "Notes”).
The Notes are being offered pursuant to an effective shelf registration statement and accompanying prospectus, including the related prospectus supplement, on file with the Securities and Exchange Commission.
The offering is scheduled to close on November 17, 2010, subject to satisfaction of customary closing conditions.
Entercom Communications Corp. (NYSE:ETM) reported that its President and Chief Executive Officer, David Field and Executive VP and CFO Steve Fisher will speak at the Wells Fargo Technology, Media and Telecom Conference in New York City on Wednesday, November 10, 2010.
ETM is scheduled to present at 10:35 am Eastern Time.
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