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Voiceserve, Inc. (OTCBB:VSRV), currently known for their VOIP services, recently introduced a breakthrough in international cell phone calling. Working in more than 120 countries, the VOICESIM card, by Voiceserve, enables you to make international cell phone calls for only a fraction of the cost by just installing a SIM card into your mobile phone.
Yesterday Monday November 26, VoIP Provider Reports Growing Revenue; VoipSwitch Acquisition and Launch of VoiceSIM 2.0 Expected to Drive Growth
About Voiceserve, Inc.
Voiceserve is a UK-based provider of low-cost Pay as You Go and prepaid cell phone services via the Internet to customers primarily in Africa, Europe and the Middle East. Products include Voice over Internet Protocol (VoIP) airtime minutes bundled with optional convenient features, including virtual numbers, direct dial, web callback, call forwarding, Softphone and no roaming.
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Intelisys Aviation Systems of America, Inc. (OTCBB: IYSA) (Mon, November 26, 2007, 6:02am ET) Form 8-K for INTELISYS AVIATION SYSTEMS OF AMERICA INC
26-Nov-2007 Entry into a Material Definitive Agreement, Completion
Item 1.01 Entry Into A Material Definitive Agreement
As more fully described in Item 2.01 below, on November 19, 2007, we entered into a Stock Purchase Agreement and Share Exchange (the "Exchange Agreement") with Keenway Limited, a company incorporated under the laws of the Cayman Islands and each of the equity owners of Keenway Limited ("Keenway"). The closing of the transaction took place on November 19, 2007 (the "Closing Date") and resulted in the merger between us and Keenway (the "Merger"). Pursuant to the terms of the Exchange Agreement, we acquired all of the outstanding capital stock and ownership interests of Keenway (the "Interests") from the Keenway Shareholders for an aggregate of 94,545,042 shares, or 94.5% of the Company's common stock. In addition, Keenway agreed to pay cash of $550,000.
Keenway is a corporation formed on May 9, 2007 under the laws of Cayman Islands. Keenway holds 100% of the issued and outstanding stock and ownership of Hong Kong Yi Tat International Investment Limited, a limited company incorporated under the laws of Hong Kong Special Administration Region.
Prior to the closing of the Exchange Agreement, Chen Minhua, Fan Yanling, Extra Profit International Limited, Luck Glory International Limited a nd Zhang Xinchen were the shareholders of Keenway (the "Keenway Shareholders"). In addition, Chen Minhua and Fan Yanling were officers and directors of Keenway.
As a result of the Exchange Agreement, the Keenway Shareholders transferred all their interest in Keenway to the Company and, as a result, Keenway became a wholly owned subsidiary of the Company, which in turn, made the Company the indirect owner of the Hong Kong subsidiary of Keenway.
As a further condition of the Exchange Agreement, the current officers and directors of the Company resigned and new officers and directors of the Company were appointed.
The merger agreement contains customary terms and conditions for a transaction of this type, including representations, warranties and covenants, as well as provisions describing the merger consideration, the process of exchanging the consideration and the effect of the merger. Specifically, the Exchange Agreement also requires that the Company cancel all outstanding options, warrants and convertible preferred stock prior to the closing of the Exchange Agreement.
This transaction is discussed more fully in Section 2.01 of this Current Report. This brief discussion is qualified by reference to the provisions of the Exchange Agreement which is attached to this report as Exhibit 2.2.
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Allied Security Innovations, Inc. (OTCBB: ASVN) (Mon, November 26, 2007, 10:50am ET) CGM Applied Security Innovations, Inc., a wholly owned subsidiary of Allied Security Innovations, Inc. ("ASI") continues its trend as a leader in the development and distribution of Homeland Security products and materials, seeing a significant increase in the sale of its signature security tapes and labels over the past year.
Sales of these products alone have increased by about $300,000 in 2006 to $500,000 so far this year, indicating the transportation industry's ongoing awareness and concern for increased security, as well as the industry's confidence in CGM/ASI products.
"We are pleased to see an increase in business in this critical area of our security infrastructure. Our growth, year to year is over 150%. This is an indication that our products continue to be recognized for delivering value and cost effectiveness," said ASI CEO Anthony Shupin.
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mPhase Technologies, Inc. (OTCBB: XDSL) (Mon, November 26, 2007, 9:00am ET) mPhase Technologies, Inc. will be presenting and exhibiting at the National Investment Banking Association, Inc. (NIBA) conference to be held at the Luxor Hotel Las Vegas, Nevada from Thursday November 29th through Friday November 30th.
At the show mPhase will provide details on a successful firing of its AlwaysReady, Inc. Smart NanoBattery that delivered power for a 120mm smart shell fired by a US Army Abrams tank for 3 miles.
mPhase will also provide a progress update on its 95% owned Granita Media, a company concentrating on targeted advertising technology for TV.
NIBA is designed to add value to its members, their client companies and investors, and the securities industry at large, by continuing to be the premier forum for quality small capital companies seeking access and exposure to underwriters and broker/dealers in connection with their capital formation, and other financial objectives and to be the focal point for all those seeking to enhance the capital formation environment for small companies.
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