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On February 22, 2008, Morgan Equities Group, Inc. (Pink Sheets: MGQG) entered into a non-binding letter of intent to merge with Purific of America, Inc., a privately-held Tampa based corporation which owns Master Distribution Rights in the United States and its Territories for Purific of Brazil water purification products and services.
Purific of Brazil is a ten year old Brazilian company which has grown to more than 6,000 sales representatives serving over 1,000,000 customers in South America, Europe, China and the United States, while generating annual revenues of $25,000,000. It is a member of the International Water Quality Association, with proprietary manufacturing facilities in Brazil and China.
Purific of America, Inc. is a Florida corporation formed to market and distribute Purific products through a network of regional dealer/distributors. Led by Jim Cheatham, who is widely known as an author, lecturer, business consultant and highly-effective marketer with a history of large-scale successes, exemplified by the first major Wendy's chain established in affiliation with Dave Thomas, Purific of America already has five dealer/distributors under contract, substantial inventory in Florida and is forecasted to generate revenues approaching $6,000,000 during the first two years of operations.
The company offers a diverse line of water purification products, and to guarantee customer satisfaction it also offers lifetime technical assistance, replacement filters and parts, and other service.
The proposed merger is subject to a definitive agreement and the approval of the respective companies' shareholders.
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Feb. 25th, 2008-- Conspiracy Entertainment Holdings Inc. ("Conspiracy") (OTC Bulletin Board: CPYE), a developer, publisher and marketer of interactive entertainment software in North America and Western Europe, announced today that it has a publishing deal with Engine Software, a game developer based in the Netherlands, regarding the release of its "StateShift(TM)" video game title in the American territories, including North and South America, and Mexico.
StateShift(TM), an original sci-fi racing title made for a popular handheld gaming device set in the not-too-distant future, focuses on illegal racing competitions around future Earth where economical instability, and depletion of resources has led to a series of bloody conflicts. StateShift(TM) boasts various single player modes including an expansive Career Mode, and adrenalin-pumping WiFi multiplayer mode.
Marco Husges, Executive Vice President of Conspiracy, said, "StateShift merges multiplayer, handheld interactivity with futuristic auto racing. This winning combination appeals to a broad audience from racing enthusiasts to amateur players, and we anticipate its release will be well-received in the Americas."
Ivo Wubbels, CEO at Engine Software said, "We are absolutely delighted to have concluded this publishing deal with a solid partner like Conspiracy Entertainment. After Stateshift's initial release in the European territories, we have been looking for a partner in the American territories, and we are happy to have found one that has been so forthcoming and flexible as Conspiracy. We are confident our game will appeal to the American market, and we are looking forward to its release."
"Handheld video games are becoming immensely popular in the $7.4 billion U.S. computer and video game software market. In 2006, $1.7 billion was spent on handheld game software. Through our agreement with Engine Software, we are positioned to continue to capitalize on attractive consumer trends. We anticipate to begin generating sales from StateShift in the first quarter of 2008," said Keith Tanaka, CFO of Conspiracy Entertainment.
Engine Software and Conspiracy will be releasing further information, including news and media, in the future. A release date and price point have not yet been confirmed. Engine Software will also be looking to establish further partnerships for the Asian markets over the coming months.
About Engine Software
Engine Software B.V., based in Doetinchem, The Netherlands, is a highly experienced game development studio. Founded in 1995, the company prides itself on being the longest running game developer in the Netherlands. Engine Software has been developing games for over twelve years, now spanning over sixty commercially published titles. In the last few years the company has specialised in developing games for handheld consoles such as GameBoy(TM) Advance, digiBlast(TM), Nintendo DSTM, and Playstation(R) Portable.
About Conspiracy Entertainment Corp.
Conspiracy Entertainment Corporation is a developer, publisher and marketer of entertainment software in North America and Western Europe. The Company develops and licenses properties from several sources, including global entertainment and media companies and publishes software for DVD media, wireless devices, personal computers and videogame consoles, including those manufactured by Nintendo, Sony Computer Entertainment, and Microsoft Corporation. Conspiracy Entertainment was founded in 1997 and is based in Santa Monica, CA. For more information, please visit www.conspiracygames.com.
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Feb. 25th, 2008-- American Railcar Industries, Inc. ("ARI") (NASDAQ: ARII) announced today that its Board of Directors declared a cash dividend of $0.03 per share of common stock of the Company. The dividend is payable on April 4, 2008, to shareholders of record at the close of business on March 21, 2008.
About American Railcar Industries, Inc.
American Railcar Industries, Inc. is a leading North American manufacturer of covered hopper and tank railcars. ARI also repairs and refurbishes railcars, provides fleet management services and designs and manufacturers certain railcar and industrial components used in the production of its railcars as well as railcars and non-railcar industrial products produced by others. ARI provides its railcar customers with integrated solutions through a comprehensive set of high quality products and related services.
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