Eline Entertainment Group Inc. (OTCPK:EEGI)
Eline Entertainment Group, Inc. recently 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.
Furthermore, 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
BSD Medical Corp. (Nasdaq:BSDM) announced that it has received the maximum award provided by the U.S. government for a single program for two separate grants under the Qualifying Therapeutic Discovery Project Program. The Company submitted grant applications for its BSD-2000 Hyperthermia System (BSD-2000) and its MicroThermX Microwave Ablation System (MTX-180), and both applications were approved.
BSD was awarded $488,958.50, $244,479.25 for each of the two applications. Projects were selected jointly by the Treasury Department and the Department of Health and Human Services. BSD Medical Corporation develops, manufactures, markets and services systems to treat cancer and benign diseases using heat therapy delivered using focused radiofrequency (NYSE:RF) and microwave energy. BSD’s product lines include both hyperthermia and ablation treatment systems.
ZAGG Incorporated (Nasdaq:ZAGG) a leading producer, designer, and distributor of electronics accessories for protecting and enhancing the mobile experience, including the popular invisibleSHIELD, ZAGGskins, ZAGGbuds, and ZAGGsparq brands, has been named an International CES Innovations 2011 Design and Engineering Awards Honoree for one of their upcoming products, ZAGGmate™. This is the third year in a row that ZAGG products have been recognized with this prestigious industry award.
ZAGG is a market leader in providing innovative consumer products like films, skins, audio and power solutions that protect, personalize, and enhance the mobile experience. ZAGG’s products are distributed worldwide with popular, award-winning brands such as the invisibleSHIELD, ZAGGskins, ZAGGsparq, ZAGGbuds and ZAGG LEATHERskins.
Affymetrix Inc. (Nasdaq:AFFX) announced that it will contribute genotyping data for a large set of validated rare and common genomic variants to the 1000 Genomes Project. This powerful data consists of genotyping information from more than 2 million single nucleotide polymorphisms (SNPs), and insertions/deletions (indels), many of which were not previously available from any source. The release includes common and rare variants genotyped on the four major HapMap populations: Caucasian (CEU), Yoruba/African (YRI), Chinese (CHB), and Japanese (NYSE:JPT), as well as on the larger HapMap Phase 3 sample-set. The data will be incorporated into the 1000 Genomes public data repository and will be freely available.
Affymetrix technology is used by the world's top pharmaceutical, diagnostic, and biotechnology companies, as well as leading academic, government, and nonprofit research institutes. More than 1,900 systems have been shipped around the world and more than 22,000 peer-reviewed papers have been published using the technology.
Signup for FREE Daily Stock Alerts From CRWEFinance.com/signup
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. CRWEFinance.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 CRWEFinance.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://crwefinance.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) 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).