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Feb. 25th, 2008-- Oxford Funding Corp (Pink Sheets: OXFD) announces that it will target commercial real estate loan portfolios.
"Commercial real estate is a full-blown bubble that feels very much at the bursting point," said Christian Stracke, an analyst in London at CreditSights, Inc., a research firm.
"Oxford Funding is preparing to take advantage of this opportunity," announced Bob Dunn, President of OXFD. We feel that the loan problems will be worse than the market anticipates, and this will be an additional opportunity for Oxford Funding and the Oxford Hedge Fund to secure substantial profits," said Dunn.
The Oxford Opportunistic Mortgage Fund is open to accredited investors and will invest in mortgages purchased on the secondary market at substantial discounts. The Fund's strategy will be to hold, rehabilitate and liquidate the mortgage assets for profit. "The company has already proven its profit model and we expect to continue generating very favorable returns for our investors," stated Dunn.
Jess Eisinger of Conde' Naste Portfolio reported, "Judging by the aspects of the credit crisis we've already seen, commercial real estate trouble will probably emerge sooner than people expect... and will be worse than they anticipate."
"It's too late now to do anything about it, now, but there is a widespread overcapacity in all types of commercial real estate," commented Ron Redd, CEO of OXFD. "We need to face the facts: We do not need more Home Depots (NYSE: HD), Lowes (NYSE: LOW), Wal-Marts (NYSE: WMT), Targets stores (NYSE: TGT), office buildings, strip malls or apartments. The overcapacity in these sectors will soon manifest itself in canceled expansion plans, lagging sales and, ultimately, the same meltdown as we've seen in the residential market," Mr. Redd concluded.
About Oxford Funding Corporation:
Oxford Funding Corporation is a publicly traded asset resolution company specializing in the purchase and management of bulk mortgage loan portfolios. Senior management at Oxford has facilitated rehabilitated loan sales in excess of One Billion Dollars, traded billions of dollars of financial assets as principal and agent, and has established relationships with hundreds of financial institutions and loan investors nationwide. For more information, please visit our homepage at www.oxfordfunding.com.
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Feb. 26th, 2008-- e-SMART(R) Technologies, Inc., (Pink Sheets: ESMT); with its parent company, IVI Smart Technologies, Inc., ("e-SMART"(R) or the "Company") is pleased to announce that it has executed a contract with the Samsung S1 Corporation, (part of the Samsung family of companies) to deliver to Samsung 20 million "I AM"(TM) cards, the Company's most advanced Super SMART(TM) Card.
Pursuant to the contract, Samsung S1 shall make an irrevocable purchase order for each order and shall pay the full amount in cash to e-SMART(R) within 30 days of the placement of each order. e-SMART(R) will deliver 20 million "I AM"(TM) Super SMART(TM) Cards over a two year period to Samsung S1. Deliveries of the first order of 10 million cards are planned to begin in June 2008 and continue through March 1st 2009, with the orders of the second 10 million delivered over the following 12 months. Although it is too early to predict exact profitability, the Company believes the Samsung orders may produce profits in excess of $100 million. As announced in previous press releases, it is the Company's intention to move in the immediate future to the Bulletin Board, followed by a move to the NASDAQ or the American Stock Exchange as soon as possible.
Mary Grace, CEO of e-SMART(R) said, "We are pleased to announce this contract, which we believe is the largest order of its kind placed in the world to date for a biometric smart card such as e-SMART's(R) "I AM"(TM) card. As Samsung is one of the leaders in smart card technology in the world, this contract confirms their opinion of the uniqueness and value of e-SMART's(R) "I AM"(TM) Super SMART Cards(TM). The contract order is renewable and I anticipate that this is the first of a series of orders for our advanced "I AM"(TM) card, not only for Samsung and Korea but for many more countries with whom we have been closely working with over the last year."
Samsung S1 is a leading manufacturer and provider of advanced smart cards in the world, offering security solutions in as diverse arenas as crime and fire prevention to information and communication services. As a leader in the digital era, the Samsung S1 Corporation is uniquely focused on the ever increasing need for advanced smart cards, communication security and mobile security as well, with a special focus on providing a single smart card with a variety of applications, including but not limited to security cards, credit cards, transportation cards, e-money, medical cards and PC security.
e-SMART(R) Technologies, Inc., is the exclusive supplier of the Biometric Verification Security(TM) (BVS2(TM)) system, the "I AM"(TM) card and the Super SMART Card(TM) system and related system technologies for Asia, Africa and the U.S., which e-SMART(R) believes to be the world's first smartcard of its kind with an on-card sensor and a full match on-card system and other unique technologies for secure biometric ID verification. e-SMART's(R) next generation technologies allow governments, public and private institutions, healthcare providers and insurers, companies large and small, to provide a superior level of protection. The "I AM"(TM) card, Super SMART Card(TM) system and BVS2(TM) security system can aid countries in preventing criminal and terrorist threats, ID and payment fraud, and identity theft in connection with physical and logical access and financial transactions, including telephone, Internet payment and other financial and data related transactions all while protecting individual privacy.
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Feb. 21st, 2008-- The following is a shareholder address and corporate update from Bob Koveleski, President of American Racing Capital, Inc. (OTCBB:AMRA): Welcome and please allow me the privilege of introducing you to American Racing Capital (OTCBB:AMRA). American Racing Capital, Inc. (ARC) is a race track development and facilities management company that integrates and funds independent motorsport firms across the continental US.
Through its MET subsidiary, ARC operates the historic 50 year-old Music City Motorplex located on the Tennessee State Fairgrounds. Music City Motorplex is a 5/8th mile, paved, NASCAR-sanctioned short track steeped in history. It is located on 115 acres in the Tennessee State Fairgrounds just two miles from the center of downtown Nashville. Music City Motorplex holds the record for sending more drivers to NASCAR than any other race track in the USA. Among the legendary competitors who have raced at the Nashville track are Dale Earnhardt, Buck Baker, Lee, Richard, and Kyle Petty, Fireball Roberts, Donnie and Bobby Allison, Coo Coo and Sterling Marlin and Darrell Waltrip.
The June 2007 acquisition of LJ&J Enterprises of Tennessee gives ARC the controlling interest in Nashville's well-known Music City Motorplex track. ARC has now assumed full control over track operations, concessions and specialty events. The acquisition of Music City Motorplex adds significantly to ARC's revenue visibility.
We believe we have an excellent growth strategy that includes executing on Speedway acquisitions with plans to broaden the service base and provide platforms for specialty motorsports programs. We also intend to secure financial interests in established track facilities coupled with the execution of race management contracts, engage in the re-design, development, and management of racetrack facilities through controlling interests or wholly owned acquisitions. To that end we have retained Frost Motorsports LLC, a business specializing in locating and valuing motor sports facilities, to assemble a comprehensive list of available race track properties.
Upon acquisition, or acquisition of interest, we intend to improve our Speedway design and development venues and couple with events sanctioned by CHAMPCAR, INDYCAR, NASCAR, or other major participating organizations. Our goal is to provide highly-specialized motorsports marketing and sponsorship opportunities.
In addition to these developments we are also pleased to announce the hiring of Capital Pros Network for our media coverage and market awareness strategy. CPN has represented over 15 companies and has been featured on MSNBC, and other major carriers. We will be working with them to build brand and market recognition through compliance oriented programs.
While we are just beginning to build this team our long term vision is to be a value play for our shareholders along the lines of Speedway Motor Sports (Symbol TRK), which currently trades on the NYSE for over $30.00 per share, and International Speedway Corporation (Symbol ISCA), which currently trades for over $41.00 per share. We feel we have the financial backing, shareholder interest and long term strategy to create a much larger asset and earning base for our early shareholders. We believe our current purchase of stock and the retirement of debt as well as potential future acquisitions put us in a very healthy position in this field.
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