Learn to trade in these market conditions - Click here Just Released!
August 28, 2008 -- WGL Entertainment Holdings, Inc. (Other OTC:WEHI.PK) announced today that it has agreed in principal to distribute 15,000,000 shares of a publicly traded media company to its shareholders. The shares represent approximately $100,000 at its current value. The media company whom we will identify upon closing will air the WGL Million Dollar Shootout (MDSO) reality television series through its International outlets and represent the MDSO in the U.S. market for a national network airing. At closing, which is expected by the end of next week, a record date will be set for the distribution of the shares.
"This new partnership will bring many synergies to both companies not only in the media environment, but in the pursuit of further mergers and acquisitions. The dividend being paid represents 13.3% of WGL Entertainment Holdings, Inc.'s current market capitalization," said Mike Pagnano, CEO, WGL Entertainment Holdings, Inc. "We continue to work very hard to bring value to our shareholders and appreciation of our PPS. This significant agreement is a Win-Win for all involved." WGL Entertainment Holdings, Inc., through its subsidiary WGL Entertainment, is the producer of the WGL Million Dollar Shootout Reality Television Series and several other made-for-T.V. sports entertainment events scheduled to be produced in 2008 and beyond.
August 29, 2008 -- Rogers Sportsnet will begin exclusive broadcasts of a four-part poker series next week featuring WPT Canada, the first ever Canada-specific World Poker Tour (WPT) tournament series. Well-known Canadian sports announcer, Jim Van Horne, will host the shows alongside poker pro "Cowboy" Kenna James.
The first of the four one-hour episodes will premiere the week of September 1 across Sportsnet East, Sportsnet Ontario, Sportsnet West and Sportsnet Pacific.
The WPT Canada TV series will highlight all-new high stakes action from the WPT Canada Coast to Coast Championships, a nine-day tournament series combining seven different poker events held at The River Rock Casino in Vancouver. Almost 2,000 players and pros traveled from around Canada and North America to compete for a piece of the $1.6 million total prize pool, a WPT Canada title and a chance at poker stardom.
The WPT Canada series kicks off with a two-part final table from the Coast to Coast Championships $1,000 three-day Bounty Event which saw 439 competitors battle for a seat in the first televised WPT Canada event and the $92,120 first place prize. Viewers will also see amateurs try to knock out poker pros like Brad "Yukon" Booth, Gavin Smith, Jody Trainer, Davidson Matthew, Antonio "The Magician" Esfandiari and "Cowboy" Kenna James to earn the cash "Bounty" on their heads. The first episode from this two-part show begins broadcasting Monday, September 1 followed by the second episode starting Wednesday, September 10. Check local listings for all broadcast times and dates.
Additional WPT Canada episodes will feature the Coast to Coast Championships Main Event final table, introducing six fresh faces from across North America, all vying to clinch the first WPT Canada title and the $224,100 first place prize.
August 29, 2008 -- Equity Media Holdings Corporation (''the Company'') (NasdaqCM:EMDA), announced today that on August 25, 2008, the Company received written notification from NASDAQ that based on the Form 10-Q for the period ended June 30, 2008, Staff determined that the Company's stockholders' equity was a deficit of ($7,302,327). In addition, as of August 22, 2008, Staff determined that the market value of listed securities was $17,979,472. Finally, Staff determined that the Company reported net losses from operations in its annual filings for the years ended December 31, 2007, 2006, and 2005 respectively. Accordingly, the Company does not comply with Marketplace Rule 4310(c)(3), which requires the Company to have a minimum of $2,500,000 in stockholders' equity or $35,000,000 market value of listed securities or $500,000 of net income from continuing operations for the most recently completed fiscal year or two of the three most recently completed fiscal years.
Under these circumstances, Staff is reviewing the Company's eligibility for continued listing on The Nasdaq Capital Market. The Company may submit on or before September 16, 2008 a specific plan on achieving and sustaining compliance with The Nasdaq Capital Market listing requirements, including the time frame for completion of the plan. If, after the conclusion of Staff's review of the plan, Staff determines that the Company's plan does not adequately address the issues noted, Staff will provide written notification that the Company's securities will be delisted. At that time, the Company may appeal NASDAQ's determination to delist its securities to a Listing Qualifications Panel. The Company is currently evaluating all options available with respect to these issues.
August 29, 2008 -- Peace Arch Entertainment Group Inc. (PAE) (Toronto:PAE.TO), an integrated global entertainment company, announced today the debut of its new feature film "Goal II: Living The Dream." The latest in the Company's fast growing slate of theatrical releases in the United States and Canada, the sports drama is the sequel to the global phenomenon "Goal!: The Dream Begins." The action-packed film is scheduled to open in 110 theaters nationwide on Friday, August 29, including Los Angeles, San Francisco, Chicago, Dallas, Houston, Phoenix, Sacramento and San Diego.
"Goal II: Living The Dream" finds Santiago Munez (Kuno Becker) established as a soccer success in Newscastle. But he jumps at the chance to play for legendary Real Madrid alongside that team's soccer icons, including David Beckham. Santiago soon discovers that money and fame don't necessarily bring happiness as he loses himself and his relationship with Roz (Anna Friel).
"Goal II: Living The Dream" is written by Mike Jefferies, Adrian Butchart and Terry Loane, directed by Jaume Collett-Serra, and produced by Mike Jefferies, Matt Barrell and Mark Huffam.
Peace Arch has also acquired worldwide rights to the final chapter of this exciting soccer trilogy, "Goal 3: Taking On The World." With the World Cup finals as its dramatic, fast-paced backdrop, "Goal 3," now in post-production, is laced with the anecdotal humor of a group of English soccer fans traveling to Germany to watch their heroes pursue an entire nation's dream of lifting the coveted World Cup Trophy.
Market Wrap for August 29, 2008 Losses were steep and widespread Friday as all ten of the economic sectors finished lower. The downturn was most apparent in the technology sector, which faltered after a key player issued a disappointing announcement. Government data did little to spur buying in another low volume session.
Stocks struggled from the start of the session as Dell (DELL 21.73, -3.48) announced earnings per share results that missed the consensus estimate, then compounded matters by warning of a slowdown in IT spending. That outlook cast a shadow over fellow large-cap tech stocks, like Microsoft (MSFT 27.29, -0.35). Microsoft was pushed out of favor, despite picking up a German price comparison and shopping site to add to its online portfolio. It is paying $486 million for the site's parent. The Nasdaq 100 closed with a 2.2% loss.
Fellow tech player Marvell Technology (MRVL 14.11, -0.65) also finished lower despite announcing better-than-expected earnings per share and solid revenue growth. The general sense of pessimism pervading trade proved too much for the firm's upside surprise. The tech sector, the largest in the S&P 500, finished 2.5% lower, more than any other sector. Its loss was felt in the broader market.
Economic data did little to motivate buyers. July personal income fell 0.7%, due largely to the lower amount of fiscal stimulus checks compared with June and May. Excluding the impact from the stimulus, real disposable personal income was up 0.5% in July, which is more than June and May. Personal consumption expenditures (PCE) for July increased 0.2%, as expected. The PCE deflator was up 0.6%, reflecting higher gas prices.
ABOUT INVESTSOURCE, INC.: WIN an 8 day 7 nights Caribbean Getaway, GO TO: www.investsourceinc.com.
Coming in late Summer of this year: Go Baby GO!!! The first book of its kind on the OTCBB and Pink Sheet Markets www.gobabygobook.com .
To hear "The Fastest 60 Seconds in the Small-Cap Market," please go to www.ceo-corner.com InvestSource, Inc. is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. InvestSource, Inc. affiliates, officers, directors and employees may also have bought, or may buy the shares discussed in this opinion and may profit in the event of a rise in value. InvestSource, Inc. will not advise as to when it decides to sell and does not, and will not, offer any opinion as to when others should buy or sell; each investor must make that decision based on his or her judgment of the market Please consult your broker before purchasing or selling any securities mentioned herein. To view full disclaimers, please go to http://investsourceinc.com/php/disclaimer.php (disclaimers).
This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. The information contained in an InvestSource profile is provided as an information service only. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. To view full disclaimers, please go to http://investsourceinc.com/content/disclaimer.
CONTACT: InvestSource, Inc. WWW: http://www.investsourceinc.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
