Eline Entertainment Group, Inc. (PINK SHEETS:EEGI) and the company's subsidiary Let The Good Times Roll has successfully merged with Midnight Express. This is a second expansion merger for the company.
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 the company, but the real value in this merger lies in the select agreements and joint ventures with local businesses.
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
Geeknet, Inc. (Nasdaq:GKNT), the online network for the global geek community, reported that it will file on November 9, 2010, a Certificate of Amendment to its Amended and Restated Certification of Incorporation to effect its previously announced one-for-ten reverse stock split, following approval by the Company’s stockholders owning a majority of its shares on October 14, 2010.
The split-adjusted shares of GKNT’s common stock will begin trading on the NASDAQ on November 10, 2010. The Company’s shares will continue to trade under the symbol “GKNT,” with a “D” added for 20 trading days to signify the reverse stock split has occurred. A new CUSIP number has been assigned to the Company’s common stock as a result of the reverse stock split.
Crown Equity Holdings Inc. (OTCBB:CRWE) is pleased to announce its joint venture with Communication Expert Corporation.
The cornerstone of Crown Tele Services Inc. strategy is to meet the highest standards when it comes to delivering VoIP (Voice over Internet Protocol) communications solutions specifically designed to meet the business and residential market needs.
“We are excited to be partnering with Communication Expert Corporation,” said Kenneth Bosket, President of Crown Equity Holdings Inc. “As part of this joint venture we look forward to building an outstanding team to develop and deliver voice and video VoIP services globally.”
CRWE announced that it is expanding its business by opening another office in Pakistan. This office will be located in the city of Attock, Pakistan. This office will add an additional workforce of 25 associates to its CRWENewswire team, which will increase the company’s up to date news and world affairs from the Mid-East, Far East and Europe online news wires.
The new office in the city of Attock, as well as the office in Islamabad will be managed by Zeeshan Shabbir.
Crown Equity Holdings is in the process of developing its Arabic language CRWENewswire site for news occurring in Pakistan and elsewhere around the world.
“As always, I am thrilled to increase our team of correspondents to offer our readerships a global perspective on top stories.” said Kenneth Bosket, President of Crown Equity Holdings Inc.
More about CRWE at: www.crownequityholdings.com
Lucas Energy, Inc. (Amex:LEI), an independent oil and gas company, reported that its joint venture operating partner, Hilcorp Energy Company (”Hilcorp”), has completed drilling the Hagen EF No.1H, an Eagle Ford horizontal well, in Gonzales County, Texas.
After setting the casing in the well, Hilcorp is expected to use the same pad to drill a second well parallel to the first. Completion and stimulation of both wells is expected to take place in late December. Lucas has a 15% carried working interest in both wells, which means that Lucas does not have to contribute to the drilling and completion costs.
American Pacific Rim Commerce Group (OTC:APRM.OB) freshly announced earnings guidance for fiscal years 2011 and 2012. The Company expects to report net income attributable to operations of approximately $12,679,040 million for its fiscal year ending November 30, 2011 and $20,300,000 for 2012, respectively. Profit before interest expense, income taxes, depreciation and amortization is expected to be approximately $9.5 million for 2011 and $16.5 million for 2012.
In prepared remarks delivered earlier to investors, Raymond Talarico, President, said, “Assuming full funding and build-out of our proprietary ecommerce platform mymyJ, the Company projects, for fiscal 2011 ending November 30, 2011 to report earnings of $12 to $13 million and total profit of $9 to $10 million, such guidance represents only a 1% share of total market and suggests a tremendous upside for our shareholders. “By revising our guidance upward we have aligned our expectations with increasingly positive market conditions being reported in China.”
American Pacific Rim Commerce Group is a first mover in the ecommerce direct-to-consumer market focused on providing Chinese consumers access to American brands, products and services. The Company offers Small and Medium sized U.S. Business (SME’s) transactional-based solutions; promotions, sales, logistics and currency conversion, that will establish its backbone as the leading on-line marketplace between Chinese consumers and U.S. (SME’s) sellers. Following successful beta-testing, the company anticipates launching ‘mymyJ’ (loosely translated); “Buy & Sell Festival” to Chinese consumers in December 2010.
American Pacific Rim Commerce Group, a development stage company, focuses to provide an ecommerce platform to promote commerce between the U.S. small and medium businesses and Chinese businesses and consumers. It intends to offer Chinese customers an opportunity to buy ?Made in the USA? American products from its online portal and visible platforms in China. The company is based in Citra, Florida.
American Pacific Rim Commerce Group, is an innovative, development stage Company marketing “Made in the USA” products and services manufactured by U.S. Small and Medium Size Businesses (SME) to consumers in Hong Kong and China through its proprietary ecommerce platform. The Company is a first mover in the space. American Pacific Rim Commerce Group provides transactional based solutions for Small and Medium sized U.S. business to promote, sell and communicate with willing buyers in Hong Kong and China. American Pacific Rim Commerce Group provides for its U.S. based SME clients real-time, promotion, sales, logistics and currency conversion in the form of modular e-strategies that will establish APRM’s ecommerce backbone as the number one on-line marketplace for commerce between Chinese consumers and U.S. businesses. The Company is currently developing its branded ecommerce site mymyJ, which loosely translated in Chinese means “Buy& Sell Festival”.
More about APRM at: www.aprcg.com
Altra Holdings, Inc. (Nasdaq:AIMC), a leading global supplier of clutch brakes, couplings, gearing, belted drives and power transmission components, reported that its President and Chief Executive Officer Carl Christensen, and Vice President and Chief Financial Officer Christian Storch, will present at the Baird 2010 Industrial Conference in Chicago.
The live presentation will be webcast at 12:50 p.m. ET/11:50 a.m. CT on Tuesday, November 9, 2010 and will be available through the Investor Relations section of the company’s website.
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