New ETF Book by Larry Connors - Click here to read more
Yesterday, GC China Turbine Corp. (OTCBB: GCHT | Quote | Chart | News | PowerRating) issued a press release announcing that on October 30, 2009 (the "Closing Date"), GC China Turbine Corp., a Nevada corporation, closed a voluntary share exchange transaction with a wind turbine manufacturer based in China pursuant to a Share Exchange Agreement (the "Exchange Agreement") by and among the Company and related parties collectively referred to as "GC Nordic Group."
At the closing of the Exchange Transaction the Company issued 32,383,808 shares of its common stock to the sole stockholder of GC Nordic Group for 100% ownership of GC Nordic Group. US$ 10,000,000 in previously issued convertible promissory notes was converted into 12,500,000 shares of the Company's common stock. Immediately prior to the Exchange Transaction, the Company had 7,686,207 shares of common stock issued and outstanding. Immediately after the Exchange Transaction and notes conversion the Company has 52,570,015 shares of common stock issued and outstanding.
As previously announced, as of September 4, 2009, Mr. Hou Tie Xin, Ms. Qi Na and Mr. Xu Jia Rong and as of October 16, 2009, Mr. Christopher Walker Wadsworth were appointed to the Company's board of directors. Mr. Hou was appointed as Chairman of the board of directors. Effective as of the Closing Date, Mr. John J. Lennon resigned as Chief Executive Officer, President, Chief Financial Officer, Secretary and director, and Ms. Qi was appointed as Chief Executive Officer, Ms. Zhao Ying was appointed as Chief Financial Officer and Mr. Tomas Lyrner was appointed as Chief Technology Officer. Mr. Marcus Laun remains as a director.
Further details regarding the Company and details of the share exchange agreement, additional debt and equity financing agreements and further information about the business, financial condition and management of GC China and related parties are all filed as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database.
The stock closed yesterday at $2.75 a share.
To receive FREE Mobile Stock Alerts formatted especially for your cell phone, text the word "press" in the subject line to 68494.
For more information, please visit www.WallStreetNewsAlert.com and you can also follow Wall Street News Alerts on Twitter at http://twitter.com/wsna
Magnum D'Or Resources, Inc. (OTCBB: MDOR | Quote | Chart | News | PowerRating) up 9.3% on 233,000 shares traded.
On Nov 02, 2009 Magnum D'Or Resources, Inc. recently announced CEO Joseph Glusic arrives in Colorado to meet State Legislators, Dignitaries, and the Media at the Magnum Recycling USA Hudson, Colorado Event November 2, 2009. Magnum will host a "show and tell" at the Hudson facility for state legislators, the media, and invited guests. The purpose is to showcase the improvements made to the site in preparation for beginning operations and present the plans for future equipment installation at the facility.
Magnum will be updating the market this week on the status of its operational permits for the Hudson, Colorado facility. President and CEO of Magnum stated, "We are very near the final phase of receiving all the necessary permits and licenses required to allow us full operational activities. Instead of just getting temporary approval for limited operation and activities at the site, we determined that the best approach would be to pursue the proper permitting and licensing for all activities anticipated for the full capacity of the facility. Although this has taken us more time initially, we believe that it will save considerable time and expenses down the road as we expand the capacity of the plant."
Magnum/SRI are currently using their Revolutionary technologies to produce next generation rubber recycling solutions for custom compounds, retread compounds, processing aids, advanced state-of-the-art equipment, and reactivated ambient/cryogenic rubber powders for the global market.
VerifySmart(TM) Inc. (OTCBB: VSMR | Quote | Chart | News | PowerRating) up 26% on 620,000 shares traded.
On Nov 02, 2009 VerifySmart(TM) Inc. recently announced it has signed a Memorandum of Understanding (the "MOU") with Mr. Theodore 'Teddy' Permadi Rachmat of Indonesia. The MOU outlines the terms of an Agreement ("the Agreement") between Mr. Rachmat and VerifySmart to form a Joint Venture Company (the "JV Company") to introduce the Company's proprietary suite of fraud prevention and detection technologies to financial institutions, businesses, and economic development groups in Southeast Asia, with first right of refusal for Asia and the Middle East.
The signing is a timely and strategic move for VerifySmart as it partners the Company's intellectual property with one of Indonesia's wealthiest and most influential businessmen and founder of the multi billion dollar Triputra Group conglomerate. Under the terms of the MOU, the new JV Company will be based on a 50-50 revenue sharing model, and will, merging VerifySmart's in-place development and implementation team with Mr. Rachmat's legacy of influence, immediately access one of the most robust and highly-developed commercial transaction environments in the world.
The opportunity for the JV Company lies is the ever-expanding chasm between the unprecedented speed at which Southeast Asia's technological and economic environments develop, and the financial community's inability to harness or eliminate crippling credit/debit card and online transaction fraud loss. VerifySmart's patent pending technology reduced credit/debit card fraud loss numbers to zero in initial testing.
"I am extraordinarily optimistic about the opportunities afforded by VerifySmart's intellectual property and the patent pending protections on their IP," says Mr. Rachmat. "Southeast Asia is desperate for fraud loss solutions that can be implemented in the near term. I believe VerifySmart has the solutions and we are certainly well positioned to move quickly to implement them."
VerifySmart(TM) Inc designed and developed a Proprietary Hardware/Software Solution that solves Credit/Debit Card fraud by using two Factor Authentication.
NT Media Corp. (OTCBB: NTMI | Quote | Chart | News | PowerRating) up 7.8% on 303,000 shares traded.
On Nov 02, 2009 NT Media Corp. recently announced the launch of a YouTube channel for NeuroTrash.tv. www.YouTube.com/NeuroTrashTV will be the YouTube portal for the online network's original Hollywood-produced entertainment, featuring comedy shorts and a webisode series, "Straight Up With A Twist," which features Deal or No Deal briefcase holder Leyla Milani.
NT Media partnered with Hollywood producers Sinahome Entertainment, LLC and Marble Step Production to produce, "Straight Up With A Twist," a series of shorts that explore the comedies of urban nightlife. The webisodes are currently in production and are scheduled for release in the first quarter of 2010. NT Media is producing the series as part of an ongoing initiative to release original content on NeuroTrash.tv.
NT Media is a start-up digital media solutions provider and developer of niche content websites. The interactive and community-oriented content for NT Media sites, as well the sites' advertising, target specific interest groups and demographics in order to create an ongoing and open dialogue on trending topics and issues. NT Media's online communities integrate increasing trends in online social networking and community building, user generated original content and third-party applications.
Market Commentary: The National Association of Realtors said Monday its seasonally adjusted index of sales agreements rose 6.1 percent from August to 110.1. It was the highest reading since December 2006 and more than 21 percent above a year ago.
Let Wall Street News Alert help advertise for your company using our effective awareness campaigns. If you're Interested in telling your story, we can help. Contact us at info@wallstreetnewsalert.com
WSNA's email alert service is free to those investors who sign up on the WSNA home page. The alert service is designed to notify investors of often-overlooked stocks. Subscribers are introduced to Special Situation companies that have the potential of showing increased activity. The Wall Street News Alert home page has experienced over 200 million hits. To subscribe to this free service, visit the Wall Street News Alert home page at http://www.wallstreetnewsalert.com.
*** It has come to the attention of Wall Street News Alert (WSNA), that various persons or companies distribute faxes bearing similar names to Wall Street News Alert. Wall Street News Alert is not affiliated with faxes bearing names such as: Wall Street Stock Alert, Wall Street Investor Alert, Wall Street News Alert or any other fax using various combinations of the generic words Wall Street.***
Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). WSCF also maintains a contractual, working relationship with Stock Market Alerts LLC and its' Wall Street Enews brand. WSCF is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSCF profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies' discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.
This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. For current services performed for GC China Turbine Corp. (OTCBB: GCHT), WSCF has been compensated a total of Nineteen Thousand Dollars by third party, Alex Inc., who is non-affiliated and may hold a significant position in the stock. WSCF holds no shares of the stock. WSCF may receive additional compensation for extension of its services. Any additional compensation will be disclosed at such time that WSCF is aware of a clients desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock.
This release contains "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 and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and WSCF undertakes no obligation to update such statements.
CONTACT: Wall Street News Alert e-mail: info@wallstreetnewsalert.com WWW: http://www.wallstreetnewsalert.com
((M2 Communications 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
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
