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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.
In other company news, EEGI's subsidiary Innovation Investment Group Inc. (Inn Group; www.ydwtz.com/eng/) CEO Hong Wei attended a risk investor and decision-making course.
The course, named Risk Investor Decision-Making Flow, was instructed by IDGVC Partners, a China-focused investment firm with over US$2.5B capital under management. With an in-depth understanding of the local market, IDGVC invests in high quality companies with long-term growth potential and continuously dedicate themselves to the growth of great Chinese companies.
Ms. Hong Wei, a prominent motivational speaker in China and a firm believer in continuous education, attended the course in the morning and a service marketing conference in the afternoon, and was pleased with the course's informative structure.
EEGI is a publicly traded company with two subsidiaries, China-based Innovation Investment Group Inc. and US-based Let the Good Times Roll.
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
Silicon Image, Inc. (Nasdaq:SIMG) a leader in advanced, interoperable HD connectivity solutions for consumer electronics, announced that it will present at the Sidoti's Third Annual New York Conference on Tuesday, November 16, 2010 at 2:00 p.m. EST (11:00 a.m. PST) in New York. This event will not be webcast.
Silicon Image, Inc. engages in the design, development, and implementation of semiconductors and intellectual property (NYSE:IP) solutions for the storage, distribution, and presentation of high-definition content in home and mobile environments worldwide. The company sells integrated and discrete semiconductor products, as well as licenses IP solutions to consumer electronics, computing, display, storage, and mobile manufacturers.
Bebe Stores, Inc. (Nasdaq:BEBE) announced unaudited financial results for the first quarter ended October 2, 2010. In the first quarter of fiscal 2011, we closed 24 PH8 stores, whose results have been presented as discontinued operations for all periods herein. Included in the results from continuing operations are the 25 PH8 stores we believe will close during the remainder of the fiscal year with the majority closing in the fiscal second quarter. Net sales from continuing operations for the first quarter of fiscal 2011 were $117.9 million, a decrease of 2.4 percent compared to $120.8 million for the fiscal quarter ended October 3, 2009. As previously reported, comparable store sales for the fiscal quarter ended October 2, 2010 decreased 4.7 percent compared to a decrease of 25.7 percent in the prior year. Gross margin from continuing operations as a percentage of net sales increased to 39.1 percent in the first quarter of fiscal 2011.
bebe stores, inc. engages in the design, development, and production of women’s apparel and accessories. Its products include a range of separates, tops, dresses, active wear, and accessories in career, evening, casual, and active lifestyle categories.
Amkor Technology, Inc. (Nasdaq:AMKR) a leading provider of semiconductor assembly and test services, announced financial results for the third quarter ended September 30, 2010, with net sales of $794 million, net income of $78 million, and earnings per diluted share of $0.30. Amkor set a new record for sales in the third quarter reflecting solid growth across all of our end markets, with notable strength in the consumer and communications areas,” said Ken Joyce, Amkor's president and chief executive officer. “Gross margin was lower than expectations primarily due to an unanticipated shift in product mix to packages with higher material content. The lower gross margin, together with a foreign currency loss and increased income tax expense, led to lower than anticipated earnings in the quarter.
Amkor Technology, Inc. operates as a subcontractor of semiconductor packaging and test services in the United States and internationally. The company provides packaging solutions, including leadframe and laminate packages using gold and copper wire bond, and flip chip formats.
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