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Tuesday, July 24, 2007
WILMINGTON, DE and SANTA ROSA BEACH, FL—(MARKET WIRE)—07/24/07—Perihelion Global (PINKSHEETS: PHGI), a development company with interests in natural resources, alternative energies, and advanced communications, today announced confirmation from the Delaware Secretary of State that the company’s lawful and documented authorized shares have been reduced by 98% to 500,000,000 per the company’s board resolution adopted earlier this year.
Previously, the company had inherited an Authorized Share structure of 30,200,000,000 as a result of the merger with Vision Works Media Group last year. The company believes the now completed 98% reduction in its Authorized Shares will further enhance shareholder value, and eliminate any market concerns about potential mass dilution of the company’s stock. Also, since this action affected shares that had not been issued, the 98% reduction of the Authorized Shares of the company in no way reduces the shares held by current shareholders. In consideration of the current climate of the company’s share price, and with a view towards the revenue producing acquisitions the company is contemplating in the near term, the company believes it would not be in the best interest of shareholders to further reduce the authorized share count below the 500,000,000 currently registered with the Delaware Secretary of State. To that effect, the company will organize its Board of Directors to negate the previously announced resolution for an additional 250,000,000 reduction.
“We are pleased to have formally completed the 98% reduction of our Authorized Shares,” stated John H. Beebe, Chairman, Chief Executive Officer and President of Perihelion Global. “We realize that previous share structure that we inherited as a result of the merger was causing some undue concern and speculation among some shareholders and in the public markets. This action should clearly alleviate those concerns.”
Perihelion is currently in various stages of progression with several potential acquisition targets, including the completion of Due Diligence under the formal Letter of Intent for the OTCBB listed company. Pending outcome or completion of several ongoing discussions, the company’s intention is to provide shareholders accurate share information as a result of any acquisitions completed.
The company will further clarify and disclose that in an effort to continue building a solid asset base and a determination to acquire existing revenue-producing businesses or properties, Perihelion will continue to issue restricted stock and other compensatory means as necessary to complete acquisitions that enhance shareholder value and provide adequate compensation for officers and directors.
The company expects to release a formal update on the status of these acquisitions in the near future.
About Perihelion Global:
Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion’s management team specializes in providing solutions for the strategic challenges of the 21st Century. We lead with decades of experience in environments that are mission critical in today’s global marketplace: Technology, Energy and Communications.
Website: http://www.perihelionglobal.com
Monday, July 23, 2007
iFinix RealTime Information Platform Subscription List Is Growing
JAMAICA, NY--(MARKET WIRE)--Jul 23, 2007—iFinix Corp. (Other OTC:INXR.PK - News) announced today that it is delaying the issuance of its financial statements for calendar year 2006 and the first two quarters of 2007. The second quarter ended June 30.
The company also announced that in the first week of operation of the iFinix RealTime Information Platform that the subscription list has risen substantially as more users continue to reap the benefits of the product. The phone and web-based technical support system is responding effectively to users. Moreover, feedback from users has been strongly positive.
The company is in the process of completing the financial statements, listed above, and will issue them as soon as possible.
iFinix Chairman Drew Budhu said, “Owing to the complexity of the equity and software accounting requirements, we have delayed the financial statement issuance. We are taking the utmost care to ensure the accuracy of this initial filing so that the company will be eligible to be listed on the Over the Counter Bulletin Board.
“iFinix is committed to timely financial reporting,” he added, “and is laying the ground work to fulfill that commitment in the future. Once these statements are filed, the financial statements will be filed in the future on a timely basis.”
About iFinix Corp.
iFinix is a diversified information technology services and solutions company with expertise in systems integration, outsourcing, infrastructure and server technology. iFinix has established a product line that delivers financial and business information with streaming, real-time market data, news and analytics to professionals and active individual investors. The company’s suite of products includes iFinix RealTime, iFinix Trader and eFinix. Visit http://www.iFinix.com
Legal Notice Regarding Forward-Looking Statements:
Safe Harbor: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of iFinix Corporation to be materially different from the statements made herein.
Contact:
Contact:
iFinix Corporation
Investor Relations
516-504-3981 x301
Friday, July 13, 2007
TORONTO, July 13 /PRNewswire-FirstCall/ - New Wave Media Inc (OTC: NWWV.PK - News) and Playstar Corporation (OTC: PLYCF.PK - News) would like to update shareholders of both companies on the definitive closing of the acquisition of Playstars subsidiary Premeir Mobile Technologies Inc. on July 17,2007 on an changed 1 for 1 basis.
After this acquisition is complete New wave will update shareholders and complete the following
1) dividend spin-off which has been announced and will be delayed but
completed in August, 2007
2) audit update and filing for OTCBB, which is scheduled to take place
in September after dividend spin-off completed
3) merged corporate update on business developments
Stewart garner states, “This has been a trying time for our shareholders and for that we truly apologize. Once this acquisition is complete, we can execute our promises in a more timely manner. Our audits are complete on New Wave and will now have to be merged with Premeir’s then we can file with OTCBB. Our goal is to build a strong SMS corporation and we feel we are on the right track. We look forward to updating shareholders on new corporate developments in the near future, and once again thank everyone for their patience. The increases of .8 share to a full share in the exchange was an agreed upon price by our advisors and legal team.”
New Wave Media currently has 137,000,000 restricted and 117,000,000 free trading shares for a total of 254,000,000 and the transfer agent is transfer Online of Portland Oregon. Playstar Corp has 100,000,000.
This press release contains “forward looking” statements within the meaning of Section 21A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 as amended, and are subject to the safe harbors created thereby. Such statements involve certain risks and uncertainties associated with an emerging company. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors discussed in New Wave Mobile reports that will be on file with the US Securities and Exchange Commission.
