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China Jiangsu Golden Horse Steel Ball, Inc. (Pink Sheets: CJGH) (Frankfurt:4J3.F) (February 12th, 2008) ("Golden Horse" or "the Company"), a leading Chinese manufacturer and supplier of ball bearings, announced Tuesday a capital restructure of its common stock. As of 11 February 2008, twenty (20) million common shares have been retired to treasury, leaving the total shares outstanding at 27,510,217.
Golden Horse, along with its affiliates and controlled entities, is one of the top five manufacturers of steel ball bearings in China. The Company produces over three billion ball bearings annually of various specifications along with its development of over 15 new products, such as stainless steel balls, aluminum balls, and ceramics balls. In addition, the Company continues to export its products to over twenty countries worldwide including the USA, Japan, Brazil, India, and Germany.
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Mvive, Inc. (Pink Sheets: MVIV) (February 13th, 2008) Mvive, Inc. is pleased to announce that it has successfully delivered thousands of mobile coupons (Moupons(TM)) for over 800 retailers with in excess of 1,000 locations during their beta test phase of implementation. Thousands of Moupons were downloaded onto cell phones for presentation to retailers with a 100% efficiency and success rate making this the largest successful delivery of mobile coupons by a single company, in North America.
A Moupon(TM) is a retail discount mobile coupon that can be downloaded from the internet onto a cell phone, Blackberry, etc. which can then be presented to the retailer on the customer's cell phone to obtain the advertised discount and completely eliminating the traditional paper flow and distribution of regular coupons. To achieve a broad base test and market exposure, the retailer group included everything from restaurants, clothing outlets and jewelry stores to book stores and fitness clubs.
"We were delighted with the resounding operational success of this live, real world technology test phase and even more ecstatic about the response we received from many of the retailers who could not say enough about the ease and efficiency with which the service worked," stated Mr. Roy Choi, President of Mvive. "As more and more content and content delivery is being sought out by companies such as Google and Research in Motion, etc., we at Mvive feel that our Moupon(TM) and the Moupon(TM) delivery system as well as future Mvive products and services, will be in great demand. We anticipate the Mvive registration process to commence in March, 2008."
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Pantera Petroleum, Inc. (OTCBB: PTPE) (February 14th, 2008) is pleased to announce that it has entered into an equity financing agreement with FTS Financial Investments Ltd. based in Zurich, Switzerland, whereby FTS Financial Investments Ltd. ("FTS") will invest up to $10 million into Pantera Petroleum.
Pursuant to the agreement, FTS is purchasing private placement units at $1.00 per unit. Each unit consists of one common share and one warrant. Each warrant will permit the purchase of one common share at a price of $1.50 if exercised within one year of issuance, $2.00 if exercised within the second year of issuance, and $2.50 if exercised within the third year of issuance. All shares issued to FTS will be restricted securities without registration rights.
Returning from his most recent inspection of Pantera's concessions in Paraguay, Chris Metcalf, President and CEO of Pantera, states, "With this equity financing in place, Pantera Petroleum will continue to expand its exploration activities within the Chaco Basin. We are very excited to have the institutional backing and trust of FTS on our side."
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Ariel Way, Inc. (OTCBB: AWYI) (February 14th, 2008) announced Thursday that the Company on February 13, 2008 has completed and signed the definitive Agreement and Plan of Merger to acquire Syrei Holding UK, Ltd, a UK and Sweden based telecom-consulting firm comprised of senior specialists and experts in the evolving global telecommunications market (http://www.syrei.com). The transaction has a two-step closing process with a first expected closing within a few days, on or around February 19, 2008.
Arne Dunhem, Ariel Way president and CEO, said, ''Many have been awaiting the news on the Syrei transaction. For various reasons, our signing of the agreement got delayed. We are truly excited with Syrei becoming part of Ariel Way. Syrei president Thomas Strangert's team of technical experts have over ten years successfully been providing and will continue to provide services worldwide to major corporations and telecom operators. They will also add global expertise to our strategy of building a state-of-the-art highly secure Digital Signage Network and will have primary focus on markets in Europe and Asia. We expect this acquisition to be immediately accretive to Ariel Way's earnings.''
Thomas Strangert, CEO of Syrei, said, ''This transaction is a fascinating step for Syrei and we believe we can add a new strategic dimension to Ariel Way. We are excited about actively supporting the Digital Signage activities in Europe and Asia in addition to continue to expand our current customer base on a worldwide basis.''
Syrei, founded in 1997, is a telecom-consulting firm operating out of the UK and Sweden comprised of senior specialists and experts in the evolving global telecommunications market. Syrei's management and technical experts have successfully delivered professional services to value added service providers, telecom equipment manufactures and operators in more than 40 countries around the world. Syrei is a complete solution provider and a system integrator that is able to accept the total responsibility of large and complex projects. Syrei's consultants have been brought in to advise and aid major corporations and telecom operators like Ericsson, Nokia, 3GIS, ABB, Orange, SonyEricsson, Swedbank, Tele2, TeliaSonera, TIM etc.
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