Austin, TX 12/13/2007 12:01:28 AM
Speak with other shareholders about: (OTCBB:SOYO), (OTCBB:HFBL), (OTC:PGPM), (OTCBB:UDTT), (OTCBB:CBEL)
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December 12 SOYO Inc. (OTCBB:SOYO), an innovative provider of computer and consumer electronics products, today announced sponsorship of Marcos Galvao and Paulo Filho in their upcoming WEC fights. The fight will take place tonight, December 12, 2007, at The Joint in the Hard Rock Casino in Las Vegas, Nevada and will air on the Versus Channel at 9:00 pm Eastern/6:00pm Pacific. Edward O'Brien, Director of Marketing for SOYO said, "To date, SOYO has received over 330 minutes of TV airtime and our logo recently made the front page of MMAweekly.com. We are very happy with the results we continue to get from our MMA advertising and have some very exciting fights coming up. MMA continues to grow rapidly and we are excited to continue to be a part of it." Marcos Galvao will take on Brian Bowles in this evening's fight and Paulo Filho will take on Chael Sonnen. Doors open at 3:00pm Pacific Time and fights begin at 3:30pm Pacific Time.
Stock Price: 0.036, Up 20.00 % on 810,500 shares traded
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December 12 Home Federal Bancorp, Inc. of Louisiana, (OTCBB:HFBL), the parent of Home Federal Savings and Loan Association, and First Louisiana Bancshares, Inc., the parent of First Louisiana Bank, have entered into a definitive agreement to combine, forming the largest locally controlled bank in the Shreveport market area.
The resulting bank, Home Federal Savings and Loan Association, which will change its name to "First Louisiana Bank" in connection with the merger, and its newly formed holding company, will have combined assets of more than $250 million and six branch offices in Caddo and Bossier Parishes. Both banks will continue to operate independently until the close of the transaction, which is expected to occur late in the second quarter of 2008. The transaction will be accomplished through a series of steps that will occur essentially simultaneously and include the mergers of First Louisiana Bancshares into the newly formed holding company and First Louisiana Bank into Home Federal Savings and Loan. In connection with the mergers, each share of First Louisiana Bancshares will be converted into the right to receive either $28.00 in cash or a number of shares of Home Federal Bancorp common stock based on the initial public offering (IPO) price of Home Federal Bancorp's common stock, at the election of the shareholder, subject to an overall requirement that 60.0% of the total outstanding First Louisiana common stock be exchanged for stock. Assuming an IPO price of $10.00 per share, each share of First Louisiana being exchanged will receive 2.8 shares of the new holding company. The aggregate merger consideration is estimated to amount to $23.7 million. The transaction will also involve the conversion of Home Federal Mutual Holding Company, currently the majority shareholder of Home Federal Bancorp, which will result in each outstanding share of Home Federal Bancorp being exchanged for a certain number of shares of the new holding company pursuant to an exchange ratio, other than the shares of Home Federal Mutual Holding Company which will be cancelled. In connection with the conversion, depositors of Home Federal Savings and Loan and certain other persons will be given the right to purchase shares of the new holding company in the IPO. Daniel R. Herndon, Chairman of the Board and President of Home Federal Savings and Loan and Home Federal Bancorp, said, "Combining our two community institutions works on many levels because our franchises and philosophies complement each other so well. In addition, the capital raised in the stock offering will enable future growth, diversification and community development opportunities. Furthermore, we are also very pleased to have Ron Boudreaux, currently President and Chief Executive Officer of First Louisiana, joining us as the President and Chief Executive Officer of the combined banks as well as President and Chief Operating Officer of the combined holding companies. We are excited by the dynamics he brings to Home Federal." Ron C. Boudreaux, President and Chief Executive Officer of First Louisiana Bank and First Louisiana Bancshares, Inc., said, "Existing customers at both banks will benefit from a wider selection of products and services and increased convenience. Meanwhile, our employees and shareholders will have the opportunity to be involved with a larger community bank with excellent growth potential." Mr. Herndon will serve as Chairman of the newly created holding company and bank and Chief Executive Officer of the holding company. Ron C. Boudreaux will become the President and Chief Operating Officer of the holding company and President and Chief Executive Officer of the bank. Mr. Boudreaux will also serve as a director of both the holding company and the bank. In addition David L. Winkler, Chairman of First Louisiana Bancshares, Inc. will be appointed as Vice Chairman of the Boards of the holding company and the bank.
Shareholders of Home Federal Bancorp and First Louisiana will be able to obtain a free copy of the joint proxy statement/prospectus, as well as other filings containing information about Home Federal Bancorp, Home Federal Savings and Loan and First Louisiana, at the SEC's Internet site (http://www.sec.gov). Copies of the joint proxy statement/prospectus will also be able to be obtained, without charge, when available by directing a request to Ms. DeNell W. Mitchell, Corporate Secretary, Home Federal Bancorp, Inc., 624 Market Street, Shreveport, Louisiana 71101. Home Federal and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Home Federal Bancorp in connection with the merger. Information about the directors and executive officers of Home Federal Bancorp and their ownership of Home Federal common stock is set forth in the proxy statement, for Home Federal's 2007 Annual Meeting of Shareholders, as filed with the SEC on a Schedule 14A. Additional information about the interests of those participants may be obtained from reading the definitive joint proxy statement/prospectus regarding the proposed merger when it becomes available.
Stock Price: 10.30, Up 0.00% on 3,500 shares traded
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December 11 Pilgrim Petroleum Corporation (OTC: PGPM) an independent oil and gas company, announces and confirms that its 25% stock dividend will be applicable to shareholders of record as of December 12th, 2007 and distributed ("Pay Date") on December 28th, 2007. Stockholders' brokerage accounts will be electronically credited with these Stock Dividend shares on the "Pay Date." Stockholders will only be eligible to receive this 25% Stock Dividend, if they are stockholders on or before the "Record Date" December 12th, 2007. Please contact your stockbroker regarding the EX-date. Fractional shares will be rounded up to the next whole share. Payment of the dividend will not require an increase in the total number of the Company's authorized shares of common stock. No exchange of certificates is required. The company also announced that it has planned and scheduled additional workovers in its Waggoner W.T. lease. Pilgrim Petroleum Corporation Vice President of Operations Jerry Schilling said, "The Company's production levels have shown significant increase for this quarter. As we work on our existing asset portfolio, Pilgrim is also targeting new horizons and further developments."
Stock Price: 0.004, Up 33.33% on 737,500 shares traded
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December 12 Universal Detection Technology (OTCBB:UDTT) (Frankfurt:PO8), a developer of early-warning monitoring technologies to protect people from bioterrorism and other infectious health threats and provider of counter-terrorism consulting and training services, announced today that it has received a new purchase order from Security Solutions International (SSI) for UDTT's anthrax detection kits. SSI plans to showcase the kits at upcoming seminars and conferences where SSI professionals provide counter-terrorism training and education to members of law enforcement and representatives from U.S. Army and various other security and emergency response agencies. UDTT recently announced that the Patent for the Company's Anthrax Detection technology used in its BSM-2000 system was granted by the United States Patent and Trademark Office (USPTO). The Patent is for an invention titled "bacterial endospore quantification using lanthanide dipicolinate luminescence" and has been filed under USPTO Number 7,306,930. The inventor is Dr. Adrian Ponce, the Deputy Manager for the Planetary Science and Life Detection Section at NASA's Jet Propulsion Laboratory. The United States Government Accountability Office (GAO) conducted a study of the technology in 2003 and concluded that the technology would be a lot cheaper to operate to the current DNA analysis units at use at U.S. Postal facilities. The technology has also been evaluated in numerous peer reviewed scientific journals such as IEEE Magazine. The technology was also featured in the 2005 edition of NASA's Spinoff magazine that highlights significant technologies that were commercialized through NASA's technology transfer program. "This is an exciting period for Universal Detection Technology. We will now be vigorously marketing our bioterrorism detection products as well as our other detection technologies. We were glad to see the Patent underlying the BSM-2000 be granted and we are also happy to continue to see orders for our homeland security products," said Mr. Jacques Tizabi UDTT's Chief Executive Officer. For more information on the USPTO please visit www.uspto.gov.
Stock Price: 0.001, Up 9.09% on 3.15M shares traded
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December 12 Cybertel Capital Corporation (OTCBB: CBEL) Board of Directors has announced the Company has signed a Non-binding Letter of Intent to acquire the Portland, Oregon based telecommunications company TeleDigit, Inc. The pending transaction will acquire a minimum of eighty percent (80%) ownership of TeleDigit, Inc. as a subsidiary of Cybertel Capital Corporation. "Over the past ten years TeleDigit has had progressive growth every year and we look forward to its continued growth in the future," states Jim Wheeler, CEO of Cybertel Capital Corp. "The acquisition will add TeleDigit's existing business which will produce approximately 1.5 million dollars in revenue for 2007." The transaction will include a business and funding plan to expand the growth of TeleDigit, Inc.'s current service offerings, as well as to introduce additional service offerings to the existing market that TeleDigit, Inc. provides, such as Data and Wireless networking and integration and engineering, providing a full scope of Telecommunication and Data networking to include: Voice Over IP (VoIP), Telecom and data equipment sales and service, Wireless equipment sales and service, including integration and engineering services. "We feel TeleDigit has positioned themselves well in the communication field. 2007 revenues will be about $1.5 million and with the additional services that CBEL plans on bringing in with other new acquisitions we will continue the expansion of the existing services. We feel additional growth potential is extremely high," stated Jim Wheeler.
Stock Price: 0.0007, Up 40.00% on 48.57 shares traded
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