Eline Entertainment Group Inc. (OTCPK:EEGI)
Eline Entertainment Group, Inc. recently released a statement from Mr. Sheng Chen, CEO of subsidiary Vu365:
"We at Vu365 are thrilled to team with EEGI. The web and casual gaming industry is one of the fastest growing leisure market sectors worldwide. Ours is an exciting company with a top-quality product that is only growing in popularity through the boom in online gaming. We expect this partnership with EEGI to raise the value of our company, as we are now able to expand our software development efforts to add to our already successful list of popular video game titles.
"We fully expect our existing revenues, currently in the $2 million USD range, to rise as the various projects we have in development, including an assortment of strategic web games, cyber games and 3-D large scale competitive games, land in the marketplace. These are exciting times for Vu365, and we look forward to a successful partnership with EEGI."
EEGI will keep investors updated as to future news from Vu365.
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
Prospect Capital Corporation (Nasdaq:PSEC) announced that Prospect has made a senior subordinated debt investment of $14 million to support the acquisition of Royal Adhesives & Sealants LLC by Arsenal Capital Partners.
Royal is a leading producer of proprietary, high-performance adhesives and sealants. Headquartered in South Bend, Indiana, the company offers a broad range of specialty formulated products designed to solve complex bonding, laminating, and sealing applications across a diverse range of markets, including aerospace and defense, construction, specialty packaging, automotive, and industrial. The company offers a broad spectrum of customized thermosetting epoxy and urethane, solvent-based, and water-based technologies to meet the most demanding adhesive and sealant applications.
Prospect Capital Corporation is a closed-end investment company that lends to and invests in private and microcap public businesses. Our investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.
PTS, Inc. (OTCPK:PTSH)
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.
PTSH intends to acquire undervalued businesses and/or merge with businesses with a history of operating revenues. Prior to February 23, 2010, PTSH engaged in the provision of accessibility compliance consulting services to government, school districts, and municipalities and other public entities, as well as to retail, commercial, recreational, and corporate customers. PTS, Inc. was founded in 1996 and is based in Las Vegas, Nevada.
To learn more about PTSH visit: http://www.ptspi.com
Affymax, Inc. (Nasdaq:AFFY) and Takeda Pharmaceutical Company Limited (TSE, 4502), announced that following pre-New Drug Application (NDA) discussions with the U.S. Food and Drug Administration (FDA), the companies will move forward with their regulatory strategy for the investigational drug, peginesatide, for the treatment of anemia in chronic renal failure (NYSEMKT:CRF) patients on dialysis in the United States.
Affymax, Inc. is a biopharmaceutical company committed to developing novel drugs to improve the treatment of serious and often life-threatening conditions.
Winn-Dixie Stores Inc. (Nasdaq:WINN) announced on December 3, 2010that for a limited time, it is offering specially wrapped 24-packs of Winn-Dixie brand spring water and purified water to benefit the U.S. Marine Corps Reserve’s Toys for Tots program to bring holiday cheer to disadvantaged families this holiday season.
Winn-Dixie Stores, Inc., is one of the nation’s largest food retailers. Founded in 1925, the Company is headquartered in Jacksonville, Fla. The Company currently operates 485 retail grocery locations, including 379 in-store pharmacies, in Florida, Alabama, Louisiana, Georgia and Mississippi.
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