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October 2, 2008 -- Budget Waste ("BWI") (Other OTC:BDGW.PK) announces that it is currently in the final stages of due diligence on the anticipated acquisition of a fully reporting company listed on the Over the Counter Bulletin Board. Budget has planned this strategic move for some time now in order to move the trading of its shares from the Pink Sheets to a more regulated market such as the OTCBB. By becoming a fully reporting issuer, the Company will be able to offer more transparency to its shareholders and investors.
Budget anticipates that within the next 14 days, it will enter into a definitive agreement to acquire the new entity. At such time that a definitive agreement is signed, Budget will announce the name of the entity.
October 1, 2008 -- Chang-On International Inc. (OTC BB:CAON.OB), a Chinese manufacturer of green architectural products made of its innovative SF brand of synthetic resin, today announced an agreement with Harbin Xiangfang District Hongye Waste Reclaim Ltd. for the supply of recycled plastics. According to the terms of the contract, the Company will be provided up to 300 tons of recycled plastic per month at a cost of RMB900 per ton, including delivery. The company combines recycled plastics with fly ash as the main ingredients in the patented production of its environmentally friendly products.
Commenting on the significance of this latest agreement, Mr. Li Guomin, President of CAON, stated, ''The combination of our Harbin Xiangfang deal with our previously announced fly ash supply contract has secured our advantage in raw material costs over competing architectural materials. This now allows us to more fully concentrate on market introduction and acceptance of our SF brand products.''
October 1, 2008 - Expert Group, Inc. (OTC Pink Sheets: EXPT | Quote | Chart | News | PowerRating) is pleased to announce that the Company has launched its new corporate Web site : www.expertfinancing.net The new site offers up to date online secured credit applications as well as financial information to assist both clients and shareholders.
"We are taking an aggressive tact with our marketing efforts and the new Web site will be an effective marketing tool for our branding efforts. This is just one in a number of steps that Expert Group has taken in order to build its brand awareness. We have expanded our staff as we are preparing to launch our Television commercial we feel the site will assist in attracting new loan applicants," stated Robert Rico, CEO of Expert Group, Inc.
The Expert Group is also proud to announce that CitiMortgage, a member of Citigroup -- who acquired Wachovia Bank - continues to be one of the strong wholesale lending institutions that Expert utilizes in helping provide its high quality products and services to its clientele. The agreement with CitiMortgage enables Expert to have access to Citi's software, which permits Expert to perform expedited and comprehensive approval of loans.
October 1, 2008 -- http://www.hattrickdrinks.com (Pink Sheets: HKBV | Quote | Chart | News | PowerRating) The company today after the market closed announced that it has reached an agreement in principle with an Italian Coffee manufacturer to begin offering white label coffee machines under the brand name "Tango Industries".
Mr.Vaiser CEO of Hat Trick said, "Under the planned agreement, Hat Trick will immediately step into an already developed 16 year old infrastructure with its own chemists, bottling and manufacturing capabilities, with more than $1.5 million Euro in development costs. Tango Industries will be able to offer 100% of its business under its own direct control, and will be able to decide prices, and strategy to market, instead of relying on 3rd party suppliers as most others in our industry must. Today we have a range of hot and cold dispensing and vending equipment unique in the world. We have a wide range of 100% fruit juices. Two years ago we started to develop all the formulation for "100% sugar free" juices and drinks because I'm sure that this should be the future of the beverage world. Now we are ready to produce all of it. We will produce all of the hot products for machines under our brand name Tango Industries. This will also allow us to have the skills in place immediately to develop and produce each type of dispensing equipment we will need, for any future needs." "We expect to close the transaction in early November 2008 and by first quarter of 2009 we would be ready for full production. If and when the traditional merger should come into play, the management intent is to pay this on an all cash basis."
Market Wrap for October 2, 2008 The Dow made its third three-hundred point swing of the week Thursday. This time it finished near its worst point of the session after trending lower throughout the day.
A sense of pessimism was present from the start as participants remained uncertain about the economy's direction, and whether a revised version of the $700 billion asset purchase plan will find favor in the U.S. House of Representatives.
Weekly initial jobless claims remain at an elevated level and continue to suggest a week job market. Claims for the week ending September 27 increased 1,000 to 497,000, exceeding the 475,000 claims that were expected. Part of the increase is due to hurricane-related damages. The four-week moving average increased to 474,000 from 462,500.
August factory orders declined 4.0%, exceeding the widely anticipated 3.0% decline. The decline is the first since February and the largest decline since October 2006.
Even though the U.S. Senate passed its version of the $700 billion asset purchase plan, many question whether the House will approve. The House has already voted down a version of the bill, which sent stocks plunging this last Monday.
Additionally, the Securities Exchange Commission extended its ban on short selling certain stocks through October 17. Should the financial relief plan pass, the ban will expire three business days after its enactment.
The session's weakness was broad based as every economic sector finished lower. The decline was most pronounced among materials stocks (-8.0%). All 30 of its members finished with losses.
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