How the FONU2 App Changes Social Media Social commerce apps are potentially profitable revenue sources, but they face a marketplace with constantly changing consumer preferences. The marketplace itself is challenging, because there are so many competing applications. FONU2's social commerce app becomes a standard for Facebook users, since it will be the standard tool for Facebook phones. It could also become the social commerce tool for millions of users. Benefits for Facebook It is difficult to imagine Facebook not receiving a cut of all sales through the FONU2 social commerce app. This would be a brand new revenue source. Facebook can also use the FONU2 social commerce app to promote its main income source: advertising. Facebook could sell more mobile ads or charge higher rates if it can show that the FONU2 app is leading to far more sales, since customers can buy what they see through the new app immediately. Benefits for FONU2 FONU2's biggest benefit is the ......
http://www.mobilecommerceinsider.com/topics/mobilecommerceinsider/articles/354289-fonu2-app-changes-social-media-commerce.htmThe Investors Social Network posting and commenting on Press Releases from public company's NASDAQ, NYSE, AMEX, OTCBB and Pink Sheets alike.
Thursday, October 24, 2013
Thursday, September 26, 2013
Market Alert: RAY DIRKS RESEARCH: FONU2 (FONU) September 25,2013 by Ray Dirks
RAYDIRKS Research believes FONU2 is an incredibly undervalued company, as its stock is under-followed by Wall Street securities analysts and money managers. FONU common stock sells at a price of $0.28 per common share, and its daily average trading volume is 110,000 shares, according to Yahoo Finance. The total number of shares outstanding is 69 million; accordingly, the market capitalization is just $19 million – for a company with an incredible upside potential – perhaps 10 times or more within a year or two.
http://www.cpreports.com/2013/09/25/market-alert-ray-dirks-research-fonu2-fonu-september-252013-by-ray-dirks/Friday, August 23, 2013
The FONU2 platform for social commerce is a revolutionary construct that integrates social networking, localized marketing and sales to create a seamless global marketplace accessible through a precise and aesthetically optimized web-site and mobile app.
FORT LAUDERDALE, FL--(Marketwired - Aug 23, 2013) - FONU2, Inc. (OTCQB: FONU) (OTCBB: FONU) today announced that it has entered into a strategic partnership with SEO and Investor Relations guru Mark Kabbash. The FONU2 platform for social commerce is a revolutionary construct that integrates social networking, localized marketing and sales to create a seamless global marketplace accessible through a precise and aesthetically optimized web-site and mobile app. Users are able to create local listings for goods and services that they promote though individual marketing pages, allowing them to capitalize on their social networks. The FONU2 social commerce platform is fully synced with Facebook, accessible through computers as well as mobile devices running iOS or Android operating systems. The quality and safety of each transaction is ensured by secured trading through the Amazon (AWS) wallet via prepaid cards. This facilitates trading that is both safe and seamlessly melded into social ..
http://finance.yahoo.com/news/fonu2-announces-strategic-partnership-seo-133700895.htmlMonday, April 23, 2012
Xplore Receives Additional $3.5 Million Order from Major Utility Follows $14 Million Order Announced in November 2011
Xplore Technologies Corp. (otcqb:xlrt) (“Xplore” or the “Company”), a manufacturer of award-winning rugged tablet PCs, announced today it has received a follow-on $3.5 million order from the major utility that previously ordered $14 million of Xplore’s iX104C5 rugged tablet computers, as announced last November. The new order consists of c5 rugged tablet computers and the Company’s xStands, a versatile desktop docking solution ideally suited for use in a variety of office environments. Mark Holleran, President and Chief Operating Officer of Xplore said, “As expected, the initial order of c5 rugged tablets opened the door for additional sales opportunities at this Fortune 50 company. We believe that our willingness to listen to this customer, and to develop a superior rugged mobile solution that met its needs, was the key to securing this follow-on order and to our emerging success with our c5 line. Working directly with our customers and incorporating their feedback into the design of our computers has enabled us to produce what we believe is the best rugged pc available and a product that is rapidly gaining acceptance in the marketplace.” Philip Sassower, Chairman of the Board and Chief Executive Officer, of Xplore Technologies stated: “This second order is a very strong affirmation of our belief that we have built the best-in-class feature set for our new c5 line of rugged tablets and that the tablet form factor is gaining market share. While, in the past, the tablet was perceived as a novel device, we believe it has now become culturally accepted, and represents a more rugged alternative than notebooks for in-field applications and extreme conditions. We believe that we will continue to see increased acceptance of our products in the industries that we target.” The order is anticipated to be delivered over the next several quarters. Additional financial information regarding Xplore’s operating results for the fiscal 2012 first quarter is available in the Company’s Form 10-q filed with the Securities & Exchange Commission and is available at www.sec.gov. About Xplore Technologies® Xplore (www.xploretech.com) is engaged in the business of developing integrating and marketing mobile wireless pc computing systems. The Company’s products enable the extension of traditional computing systems to a range of field and on-site personnel, regardless of location or environment. Using a range of wireless communication mediums together with the Company’s rugged computing products, the Company’s end-users are able to receive, collect, analyze, manipulate and transmit information in a variety of environments not suited to traditional non-rugged computing devices. The Company’s end-users are in markets that include utility, warehousing/logistics, public safety, field service, transportation, oil and gas, manufacturing, route delivery, military and homeland security. This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect Xplore’s current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause actual results to differ materially from the statements made including those factors detailed from time to time in filings made by Xplore with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated or expected. Xplore does not intend and does not assume any obligation to update these forward-looking statements. Sony 16GB Wi-Fi Tablet S - SGPT111US/S | ||
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Sunday, April 22, 2012
ZAAP Electric Vehicles EVs Rolling out strong with solid numbers.
| ZAP Jonway Reports Fourth Quarter and Year-End 2011 Financial Results SANTA rosa, Calif., April 16, 2012 (globe newswire) -- zap Jonway (otcbb:zaap), a manufacturer of gasoline and new energy electric vehicles (EVs), reported financial results for the three and twelve months ended December 31, 2011. Alex Wang, Co-CEO of zap Jonway and ceo of Jonway Automobile, stated: "Following our merger, 2011 was a transformational year for zap Jonway. We are encouraged by our progress positioning the company for growth. In particular, we enhanced our dealership consortium and sales team, including focusing on more profitable dealers, appointing our new vp of Sales, and strategically relocating our sales and customer service support centers to Hangzhou. In addition, we are driving our vehicle development initiatives." In March, zap Jonway hosted a very successful annual dealership conference for over 450 attendees. During the event, the company launched the new 2012 jnz a380 g-5 suv with its fully re-styled interior and unveiled its concept vehicle planned for year-end 2013, designed by Maggiora, a renowned Italian auto designer well known for its exquisite stylish design of Italian sports cars. "Looking ahead in 2012, our goal is to launch our ev a380 suv in China mid-year followed by our ev van. To further our international presence, we are building sales channels and targeting type approval in key strategic countries," concluded Wang. Financial Results This is the first year of consolidated financials of zap and 51% of Jonway Automobile, the merger of which closed on January 22nd, 2011. Therefore, the year-over-year analysis below compares the consolidated financials of zap and Jonway Automobile in 2011 with zap standalone in 2010. Complete financial details for the three- and twelve-month periods ended December 31, 2011 can be found on the company's Form 10-k, which it filed today with the Securities and Exchange Commission. electric vehicles (EVs) Quarterly Review Consolidated net sales were $14.2 million for the three months ended December 31, 2011, including $13.9 million contributed by Jonway, compared to $1.1 million for zap on a standalone basis for the three months ended December 31, 2010. Consolidated gross profit for the fourth quarter in 2011 was down due to promotional incentives offered to dealers to clear inventory of the prior year model and additional incentives to motivate higher sales quota. The $687,000 in gross profit was contributed by Jonway, compared to gross profit of $64,000 for zap on a standalone basis in the fourth quarter of 2010. Consolidated operating expenses were $7.8 million in the fourth quarter of 2011, including both $5.4 million related to Jonway and non-cash charges of $1.6 million related to quarterly amortization of distribution rights, stock based compensation and others. This compares to operating expenses of $7.3 million for zap on a standalone basis for the fourth quarter of 2010. Net loss attributable to zap for the fourth quarter of 2011 was $11.4 million, or $0.05 per diluted share including total comprehensive loss of $2.1 million from Jonway, compared to net loss of $11.4 million, or $0.09 per diluted share in fourth quarter 2010 for zap on a standalone basis. At December 31, 2011, cash and cash equivalents was $5.9 million. In December 2011, the $19 million convertible note was extended to August 12, 2012. Subsequently this was further extended to August 12, 2013. There will be no interest accrual going forward after the end of the first term that ended February 12, 2012. At the end of December 2011, zap delivered 71 million shares to Jonway Group for work on the new Shuttle van, totaling over $18 million in design, exterior and interior molds, tooling and production equipment. Annual Review Consolidated net sales in 2011 were $56.2 million including$54.3 million contributed by Jonway, compared to $3.8 million in 2010 from zap on a standalone basis. Consolidated gross profit in 2011 was $4.5 million including $5.0 million contributed by Jonway, or 7.9% of sales, compared to gross profit of $429,000 in 2010 from zap only. Gross profit for Jonway was down primarily due to promotional incentives to encourage volume sales and rebates to support rebranding under the Jonway brand from its previous name of "UFO". Consolidated operating expenses for 2011 were $32.7 million including $16.6 million related to Jonway and non-cash charges of $7.2 million related to amortization of distribution rights, stock based compensation and others. This compares to operating expenses of $14.5 million in 2010 for zap alone. The higher operating expenses from Jonway were due primarily to increases in sales and marketing in establishing its branding in 2011, general and administrative for relocation of the sales team to Hangzhou, and research and development related to the localization of the ev products, as well as the cost of tooling and equipment for production manufacturing of the ev product line. Consolidated net loss in 2011 was $45.4 million. Net loss attributable to zap was $40.8 million including total comprehensive loss of $8.1 million attributed to Jonway Auto, compared to net loss in 2010 of $19.0 million from zap on a standalone basis. More than $30 million of the consolidated net loss was non-cash, attributed to stock based compensation and amortization of distribution rights, interest payment and depreciation, and non-cash loss due to convertible note, conversion price compared to the over a dollar share price during January 2011 at the time the convertible note was issued. Of the remaining consolidated net loss, approximately $14 million was cash expenditure, of which more than $4 million was one-time expense associated with the legal and accounting costs from the acquisition, ev technology development for production manufacturing and payment for development of ev tooling and type approval expenses. Webcast Information electric vehicles (EVs) ZAP Jonway's management team will host a webcast on Tuesday, April 17, 2012 at 4:30 p.m. et to discuss its fourth quarter and year-end 2011 earnings results. Investors can access the webcast on the company's website at www.zapworld.com, or via the link below, for a period of one year.http://investor.shareholder.com/media/eventdetail.cfm?eventid=112244&CompanyID=AMDA-J22R5&e=1&mediaKey=9E9B9D24C62C9AE9EA53835CC5CEE4A3 About zap Jonway ZAP Jonway combines the attributes of both companies, zap and Jonway Automobile, to design and manufacture quality, affordable gasoline and new energy electric vehicles (EVs). With Jonway Automobile's established iso 9000 manufacturing facilities, research and development and sales and customer services facilities in China, zap Jonway is well positioned to scale up production and sales for both gasoline and EVs for China and the international markets. zap, an early pioneer of EVs, brings to the new combined company a broad range of ev design experience that is being applied to new product lines. zap Jonway is focused on addressing on ev fleets targeting city delivery trucks and vans used by university campuses, government and corporate markets in China and the United States, while utilizing its gasoline vehicle production quantities to gain economy of scale through its common vehicle parts and platforms. zap Jonway benefits from the established China dealership and customer support network developed by Jonway Automobile for its China sales and services. zap Jonway is headquartered in Santa Rosa, California and its production facility is located in Zhejiang Province of the People's Republic of China. Additional information about zap Jonway is available at http://www.zapworld.com. electric vehicles (EVs) The zap Jonway logo is available athttp://www.globenewswire.com/newsroom/prs/?pkgid=10607 Forward-Looking Statements This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of ZAP's products, increased levels of competition, new products and technological changes, ZAP's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in ZAP's periodic reports filed with the Securities and Exchange Commission. CONTACT: Investor Contact: Becky Herrick lha +1-415-433-3777 bherrick@lhai.com | ||
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Saturday, April 21, 2012
Stereo Visions REZN8 Slam Dunks Fox Sports NBA Deal
REZN8 - Since 1987, the 9 time Emmy Award winning Hollywood based rezn8 (http://rezn8.com) has been instrumental in developing the media vision for a broad spectrum of domestic and international clients across a wide range of platforms including broadcast, film, Internet, wireless, and video games. rezn8 is an acknowledged leader in 3d broadcast graphics and animation, and is a pioneer in the design and development of graphical user interfaces (gui). rezn8 has developed identity packages for, nbc, abc, cbs Sports, Entertainment Tonight, Fox, hbo, vh-1, Sci-Fi Channel, and Showtime. rezn8 has also been one of Microsoft's primary outside design sources for graphical user interface (gui) including gui design and development for Microsoft xbox, msn 9 & 10, Microsoft Home Media Center, Microsoft Windows xp, and Microsoft's Home of the Future.
Stereo Visions REZN8 Slam Dunks Fox Sports NBA Deal
Rugged Tablet Dropped From 15 Ft. : Xplore CEO Describes Company Turn Around in Interview
The company offers iX104 tablet PCs that are designed to operate in various work environments, including extreme temperatures, constant vibrations, rain, blowing dirt, and dusty conditions; and are fitted with a range of performance matched accessories, such as multiple docking station solutions, wireless connectivity alternatives, global positioning system modules, biometric and smartcard modules, and traditional peripherals comprising keyboards, mice, and cases. Its products include iX104C5 Dual-Mode Sunlight-Readable Xtreme Tablet; iX104C5 Dual-Mode Xtreme Tablet; iX104C5 Dual-Mode Lite Xtreme Tablet; iX104C5 M Military Xtreme Tablet; and iX104C5 Dual-Mode Clean Room Xtreme Tablet, as well as Armadillo System, an expandable multi-mission tablet and active dock computer system for vehicle-mounted and dismounted applications. http://bit.ly/IcC3cT
Tuesday, February 14, 2012
A self contained off grid Water purification and bottle system unlike any other.
There is an informative Video there. I have visited this company and crawled around the product. This seems to be a very well made and easy to maintain system. The Pure Water Production yields are about 30,000 gallons a day.
http://www.puresafewatersystems.com/Thursday, January 12, 2012
GGHO : Genesis Group Board of Directors Provides Outlook for 2012
Dear Genesis Group Holdings Shareholders: We would like to take a moment to review 2011; which was a transformative year for Genesis Group Holdings, Inc. (otcbb: ggho) and to look ahead to 2012 and beyond. We began 2011 with one operating entity, Digital Comm, Inc., that had produced approximately $950k in revenues in 2010. We finished 2011 with three operating subsidiaries producing approximately $6 million in revenue. We are expected to substantially exceed those numbers in 2012. New Financing In July, 2011 the Company entered into a definitive master funding agreement with Tekmark� Global Solutions, llc (Tekmark) and mmd Genesis llc. Pursuant to the parties' funding agreement, the Company received financing in the original principal amount of up to $2,000,000 from Tekmark and a line of credit in the original principal amount of up to $1,000,000 from mmd Genesis llc. The financing arrangement was geared towards the development and expansion of the Company's wireless....
http://www.equitygroups.com/GGHO-discussion/GGHO-Genesis-Group-Board-of-Directors-Provides-Outlook-for-2012Monday, December 12, 2011
Defense to purchase advanced biofuel Synfining SYNM
The Pentagon contracted to buy 450,000 gallons of advanced drop-in biofuel, the single largest purchase of biofuel in u.s. government history, officials said. The Defense Department's Defense Logistics Agency will buy biofuel -- a tiny fraction of the Navy's yearly fuel budget -- made from a blend of used cooking oil and algae, which will be used in the u.s. Navy's demonstration of a Green Strike Group next summer during the Rim of the Pacific Exercise, the world's largest international maritime exercise, u.s. Navy Secretary Ray Mabus and Agriculture Secretary Tom Vilsack said Monday in a joint release. Synfining® Process for upgrading FT liquid hydrocarbons into middle distillate products such as synthetic diesel and jet fuels, and the Bio-Synfining™ technology for converting animal fat and vegetable oil feedstocks into middle distillate products such as renewable diesel and jet fuel using inedible fats and greases as feedstock. The 50/50 venture -- known as Dynamic Fuels
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Friday, November 25, 2011
Blue Sky Holdings provides HIPAA Compliant Smart Card with Biometrics BSKS
Saturday, September 24, 2011
ONTC News Onteco Corporation President Releases Letter to Shareholders, ONTC NexSense Technology
NexSense Technology
NexSense Technology
ONTC - EquityGroups Investors Social Network
Friday, March 18, 2011
VGTL message board Combine a payment system retailers phone company the Cloud consumers
What do you get when you combine a payment system, retailers, a phone company, the Cloud and a consumer?
A Better coupon redemption system
You get MeCoupon.com - A VGTL company
“Consumers redeem digital offers anywhere anytime at point-of-sale via mobile devices or value cards”- THE BETTER WAY
Technological Convergence In the Digital Marketplace provides windows of opportunity. The socialization of data with sufficient bandwidth for the mobile handheld devices enables video to enhance the users experience to a personal level like never before. Constantly fueling an expanding, user base with disruptive technologies and solutions right to the local environments, while monetizing that traffic flow, is the goal.
Convergent Technologies:
“Today, we are surrounded by a multi-level convergent media world where all modes of communication and information are continually reforming to adapt to the enduring demands of technologies, "changing the way we create, consume, learn and interact with each other.
Convergence in this instance is defined as the interlinking of computing and other information technologies, media content, and communication networks that have arisen as the result of the evolution and popularization of the Internet as well as the activities, products and services that have emerged in the digital media space.
Many experts view this as simply being the tip of the iceberg, as all facets of institutional activity and social life such as business, government, art, journalism, health, and education are increasingly being carried out in these digital media spaces across a growing network of information and communication technology devices....”
* http://bit.ly/hOs8yl
Commerce:
“While "business" refers to the value-creating activities of an organization for profit, commerce means the whole system of an economy that constitutes an environment for business. The system includes legal, economic, political, social, cultural, and technological systems that are in operation in any country. Thus, commerce is a system or an environment that affects the business prospects of an economy or a nation-state. We can also define it as a second component of business which includes all activities, functions and institutions involved in transferring goods from producers to consumers.” * http://bit.ly/dQTtYJ
Experience:
“Experience as a general concept comprises knowledge of or skill in or observation of some thing or some event gained through involvement in or exposure to that thing or event. The history of the word experience aligns it closely with the concept of experiment.
The concept of experience generally refers to know-how or procedural knowledge, rather than propositional knowledge: on-the-job training rather than book-learning. Philosophers dub knowledge based on experience "empirical knowledge" or "a posteriori knowledge...".* http://bit.ly/gOVarw
Appointment of Larry Harris:
Larry Harris is a highly talented results oriented digital pacesetter with a proven record of success building major global brands. From 2010 to the present, Mr. Harris was/is President & Chief Executive Officer of Venture Industries, Inc. From 2008 to 2010 Mr. Harris served as Chief Executive Officer of Ansible Mobile, LLC where he was promoted to CEO by the Board in 2008. Mr. Harris successfully positioned Ansible Mobile as a full-service mobile marketing agency that helps clients maximize their mobile marketing opportunities by creating mobile ideas that get results, deepen customer relationships and build brand value. Ansible Mobile's clients included: U.S. Army, Avis, Burberry, Educational Testing Service, Gameday, GM, H&M, HP, Hyundai/Kia, Intel, Johnson & Johnson, Microsoft, Puma, S.C. Johnson, Sony, Timberland, Truvia, Western Union and Verizon.
From 2004-2007 Mr. Harris served as Director of Integrated and Cross Cultural Communications at FCB (formerly Draft Worldwide), New York, NY. Amongst his achievements: Created the first comprehensive multicultural offering in the direct marketing industry, led multi IPG agency team that successfully launched Bank of America in the Northeast, exceeding net new account and customer retention goals, built global, cross IPG agency team of technology marketing communications experts at hubs in Hong Kong, London, New York and Sao Paolo to help CA transition marketing approach to an integrated, global, metrics driven model, repositioned CA from a product centric vendor of undifferentiated software to key enabler of dynamic, real time computing. Global campaigns exceeded lead generation goal by nearly 75% and awareness. Mr. Harris received his BA from Harvard College in 1984.
Appointment of Neil Bardach:
On Feb. 18, 2011 we appointed Neil Bardach as Chief Operating Officer. Mr. Bardach, the former CFO of Ansible Mobile LLC, has also served as the CFO of three public companies with sales ranging from $400 million to $1 billion. As a non-executive director of a UK public company, Mr. Bardach chaired that company's audit committee. Mr. Bardach graduated from Michigan State with a B.A. in Accounting and received his M.B.A. from the University of Utah.
Mr. Harris States:
Mr. Harris said, "The digital marketplace is undergoing fundamental change as both consumers and advertisers seek to connect to a custom content experience and the real time delivery of information. Winning solutions will be grounded on the smart use of data and full dynamic technology platforms. Venture Industries' highly skilled talent pool and cutting edge technology along with strategic additions to our platform will be a powerful competitor in rapid-growth areas of marketing such as delivery of online video and mobile marketing offerings. I'm energized by this opportunity and look forward to the completion of this transaction." VGTel, Inc. anticipates the audits will be completed prior to the end of the first quarter at which time the transaction will be completed.
The Plan:
VGTL announced recently that the company is in negotiations to expand its mobile capabilities by acquiring mobile commerce IP. "With the explosive growth of mobile data traffic and social mobile applications, it is more critical than ever for every media technology company to have a sophisticated, highly scalable and measurable approach to mobile, " said VGTel's President Larry Harris, who was previously the CEO of Ansible Mobile, a joint venture between Interpublic Group and Velti.
In addition to developing and expanding its mobile portfolio, VGTel is also looking for opportunities to strengthen its social and video capabilities. The power of social media to actively engage consumers coupled with the reach and personalization of mobile are driving innovation across the media industry and creating opportunities for companies like VGTel to develop new and compelling offers to enhance connections between consumers, content and brands. These trends are also fueling the continued growth of display advertising and marketing services.
Mr. Harris added, "As the market enters a new era that will be driven by audience connections with each other and with brands, we will be focused on personal technology and personal media. To that end, we have also entered into negotiations to strengthen our global capabilities in social media, video and global e-commerce." VGTel anticipates that the deals under discussion will be closed before the end of the second quarter.
Monetization:
"The process of converting or establishing something into legal tender. It usually refers to the printing of banknotes by central banks, but things such as gold, diamonds and emeralds, and art can also be monetized. Even intrinsically worthless items can be made into money, as long as they are difficult to make or acquire. Monetization may also refer to exchanging securities for currency, selling a possession, charging for something that used to be free or making money on goods or services that were previously unprofitable." * http://bit.ly/fakrvv
Mar. 3, 2011 (Business Wire) -- VGTel, Inc. (OTCBB: VGTL) and Venture Industries, Inc. announced today that Venture Industries, Inc. intends to purchase MeCoupons from leading mobile consultant David Dillard.
VGTel recently signed a definitive agreement to merge with Venture Industries. The Company expects Venture Industries and MeCoupons to use cloud based and device agnostic technology to develop advanced mobile couponing apps. Consumers can then redeem digital offers anywhere anytime at point-of-sale via mobile devices or value cards. “We continue to move forward with our plans to evolve VGTel into a media technology company providing personal media services and applications for use in social media and mobile communications platforms. It is essential that we build or purchase technology that can enable brands to deliver true value to consumers anywhere, anytime. The MeCoupons purchase marks a significant first step toward achieving our goals and is a key component of our cross-platform strategy as it will enable us to deliver personalized offers based on consumer preference,” said VGTel President Larry Harris, who was previously the CEO of Ansible Mobile, a joint venture between Interpublic Group and Velti.
In addition to purchasing MeCoupons, VGTel is continuing to look for opportunities to strengthen its mobile and social capabilities. The power of mobile to actively engage consumers via data, voice and sound is driving innovation industry-wide and creating opportunities for companies like VGTel to develop new and compelling offers that enhance connections between consumers, content and brands.
Mr. Harris added, “Mobile, along with social, video and commerce will continue to be key areas of focus as we move forward. We will look to build, buy or grow these capabilities rapidly.” VGTel noted that the deal should be completed before the end of the second quarter.
About VGTel, Inc.
Venture Industries, Inc. (the "Company"), A Nevada Corporation which was incorporated in January 2005 and commenced operations on December 7, 2010, is a media technology company providing personal media services and applications for use in social media and mobile communication platforms.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "should," or "will," or the negative thereof or other variations thereon or comparable terminology. Any statements in this press release regarding the acquisition of Venture Industries, Inc. business and technology are not historical facts may be considered "forward-looking statements," including statements regarding the acquisition, its expected benefits, and the acquisition's anticipated timing. VGTel, Inc. has based these forward-looking statements on management's current preliminary expectations, ####umptions, estimates and projections. While VGTel, Inc. believes its expectations, ####umptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control. Such risks and uncertainties relate to, among other factors: the risk that the transaction may not be completed or that the closing of the transaction may be delayed; the risk of a material adverse event affecting VGTel, Inc. You should also review our discussion of risk factors and other disclosures in VGTel Inc.'s most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. VGTel, Inc. undertakes no obligation to update any forward-looking statements to reflect new information, events or circumstances after the date they were made, or to reflect the occurrence of unanticipated events.
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Tuesday, November 30, 2010
UV Flu Technologies Highlights 2010 Operations as ViraTech UV400 Is
Monday, November 29, 2010
BioSolar Completes Successful Production Run of New White BioBacksheet, BSRC Stock News
Sunday, November 28, 2010
TechniScan Announces Adding Another Center to Worldwide Clinical Trials for New Breast Imaging System
TechniScan's Warm Bath Ultrasound (WBU) system is designed to capture three-dimensional images of the breast as a woman lies prone on a table and state-of-the-art ultrasound technology is used in a warm water tank to image the breast anatomy. Its revolutionary new method of imaging produces information and whole breast images that are not available with traditional reflection ultrasound or whole breast ultrasound systems presently on the market.
Friday, November 26, 2010
ZAP An electric car company, ticker ZAAP, Provides Update on Jonway Automobile Acquisition, Electric Car
Enjoy and stay profitable.
Nov. 18, 2010 (Business Wire) -- Electric vehicle pioneer ZAP (OTCBB: ZAAP) completed its initial down payment of US$10 million towards the 51% acquisition of Jonway Automobile. Jonway Automobile plans to complete an audit of its financial statements by December 31, 2010 and thereafter, ZAP intends to finalize the acquisition with the payment of the US$19 million balance of the US$29 million purchase price.
Jonway Automobile reported sales of over 4,000 gasoline vehicles through the end of September 2010, and projects total sales of over 6,500 vehicles by December 31, 2010. Jonway Automobile reported that wholesale sales prices of the vehicles averaged US$10,000. Jonway Automobile projects year-end revenues for 2010 to increase more than 40% compared to last year with its current gasoline vehicle product line. Jonway Automobile reports that it is debt-free, cash flow positive and able to finance its gasoline product revenue growth at the same rate for 2011.
Under the new equity structure, Jonway Automobile will be 51% owned by ZAP, and 49% by its original parent Jonway Group. This equity ownership transfer was approved by the Chinese government on October 3, 2010. Jonway Automobile plans to ramp up production of the A380 SUV electric vehicle (EV) in the first half of 2011 together with ZAP’s Alias EV by third quarter 2011 at their Sanmen, Zhejiang factory. By combining Jonway Auto’s ISO 9000 manufacturing facilities, capable of delivering over 50,000 vehicles per year, with ZAP’s EV technologies, products and expertise, the company aims to lead the emerging EV fleet market in China.
Alex Wang (Wang Gang) was recently appointed by ZAP’s board to be Co-CEO of ZAP. ZAP (Jonway) will expand the market to sell both gasoline and EVs from China to rest of the world........