Austin, TX 10/25/2007 10:55:30 PM
Speak with other shareholders about: (OTC BB: FRTW), (NASDAQ GM: TMTA), and (Pink Sheets: HMIT);
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Franklin Towers Ent (OTC BB: FRTW)
FRTW Announces Wholly Owned Subsidiary, Qiluo, Moves Forward With Initiatives to Centralize Silk Production in Chongqing Region with China Regional Government Endorsement
CHONGQING, China, Oct 25, 2007 Franklin Towers announced today that Qiluo, its wholly owned subsidiary and driving force of revenues for its organization, is now in a position to begin implementing its acquisition strategy with Chinese regional government support. The local government's endorsement will provide Qiluo with a number of material preferential benefits.
Among other advantages, Quilo could receive the following government incentives: -- Land policy exemptions -- Tax breaks -- Project prioritization (priority in review and approval of applications) -- Energy discounts (upon approval, company can receive discounts of fees related to water, electric, gas, etc.)
''We are extremely honored to have the endorsement of the Chinese regional government. This endorsement will provide our organization with a solid foundation moving forward with the ability to conduct business with instant creditability, and a competitive edge over the marketplace,'' stated Kelly Fan, CEO of Franklin Towers Enterprises, Inc.
About FRTW FRTW, through its wholly owned subsidiary, Chongqing Qiluo Textile Company Ltd (''Qiluo'') located in the southwest region of China in the Chongqing Municipality, operates in China's $250 billion Yuan silk industry coordinating the entire silk manufacturing process from sericulture (the raising of silk worms for the production of raw silk), processing, clothing production and exportation of both final and raw products. Recent investments have been made to maximize the silk production/processing potential of Qiluo in attempt to propel its organization to the forefront of the industry.
Over the past several years, Mr. Dingliang Kuang, founder and CEO of Qiluo has worked diligently to break into the silk industry in Chongqing, China. Known in the Chongqing region as one of the major industrialists having received numerous entrepreneurial awards in relation to his food processing plant, Chongqing Xin Sheng Xiang Industrial Development Co. Ltd. (one of the top 50 privately owned enterprises in Chongqing - population approximately 31 million^), Mr. Kuang and his team possess the necessary experience and knowledge to maximize the potential of the Qiluo organization.
China's Silk Industry China is the world's largest silk producer. In 2005, it accounted for 74 percent of the global raw silk production and 90 percent of the world export market according to statistics from the Chinese Ministry of Commerce. The annual output value of China's silk industry is to reach 250 Billion Yuan (31.25 Billion U.S. Dollars) in 2010, up 66.7 percent from 2005, according to a plan of the Ministry of Commerce.
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Transmeta Corp Del (NASDAQ GM: TMTA)
Transmeta's New Right To Life From Intel (TMTA, INTC)
Transmeta Corp is seeing shares gap up exponentially after the announcement that it has reached an agreement with Intel (NASDAQ:INTC) to settle all legal claims between the companies and to license the Transmeta patent portfolio to Intel for use in current and future Intel products. Intel will make an initial $150 million payment to Transmeta as well as annual license fees of $20 million to Transmeta for each of the next five years. So this is a real deal rather than just a consiliatorty gesture.
The agreement will grant Intel a perpetual non-exclusive license to all Transmeta patents and patent applications, including any patent rights later acquired by Transmeta, now existing or as may be filed during the next ten years. Transmeta will also transfer technology and grant to Intel a non-exclusive license to Transmeta's LongRun and LongRun2 technologies and future improvements. Under the agreement, Intel will covenant not to sue Transmeta for the development and licensing to third parties of Transmeta's LongRun and LongRun2 technologies.
This should at least solidify the ability for Transmeta to be able to sell its microprocessors and mirochip technologies. The skeptical answer is that they still have to actually sell them, but you cannot argue that this is a huge win for the company because of the payments and licensing. Its sales for all of 2006 were a mere 448+ million and its market cap before this pop just sat under 442 million.
Transmeta shares are up over 200% pre-market at $14.50 versus a $4.18 close yesterday. Shares have traded as high as $26.00 over the last year and the stock was only recently on its lows of $4.10. On a split-adjusted basis, this used to be a significantly higher priced stock. But that is also after a 1-for-20 reverse stock split that went in effect on August 17, 2007.
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Hidalago Mining Intl (Pink Sheets: HMIT)
Hidalgo Mining (HMIT) Announces the Spin Out of Subury Inc.
NEW YORK, NY, Oct 24, 2007 Hidalgo Mining International (PINKSHEETS: HMIT), an innovative mining company headquartered in Port Washington, N.Y., announced today that the Company's Board approved the spin out of Subury Inc. The Board Resolution called for the transferring of all the shares of Subury Inc., a subsidiary of HMIT, to John Darrah in exchange for the cancellation of 60 million shares held in Darrah's name.
Mark Daniel Klok, President of HMIT, stated: "The spin out of Subury is the closing of the door on HMIT's past and represents The Company's transition from only being an exploratory company to a company focused on projects with near term production potential." To quantify what this new direction potentially means to shareholder value, Mr. Klok pointed out that, "It is very hard to place a valuation on strictly exploratory companies because of their speculative nature. However, if you look at the valuation of currently producing companies, it becomes clear that the industry average trades over 40 times earning and, even without any of our anticipated acquisitions, we expect to net approximately $6.5 million in our first year of production." Instead of dwelling on past shortcomings and failed efforts by the Company, before the arrival of new management, Mr. Klok instead emphasized that he could not change the past, especially one he was not a part of, and rather chose to focus on the Company's new direction, going on to state, "Our existing projects are anticipated to yield over $8 million in revenue in the first year of production and, as the recently signed LOI with AIM reflects, we are aggressively pursuing numerous other projects with near term production potential. The AIM project could add over $3.5 million to our top line and we anticipate the closing of several similar, if not larger, acquisitions in the very near future." Additionally, the company has announced that it is forming a special advisory board to utilize the wide range of talents and skills within Mr. Klok's network of colleagues, which will help support and guide the company into a successful future.
Hidalgo Mining International (PINKSHEETS: HMIT), an innovative mining company located in Port Washington, N.Y., strives to increase its shareholder value while implementing an aggressive rollup plan to achieve mining production on a global scale. HMIT's management and directors feel they have the vision, drive and experience to become a highly successful, major multi-national producing mining company.
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