Eline Entertainment Group, Inc. (PINK SHEETS:EEGI) subsidiary Let The Good Times Roll, Inc. is pleased to announce a joint venture with the Hard Rock Hotel and Casino.
This new incentivized agreement with provides LTGTR riders with $25-$35 in gaming chips and a $5 food voucher when booked for the Hard Rock Casino. LTGTR, will experiment and plans to start running shuttles to the Hard Rock, charging $25-30 for round trip services. The deal is conditionally approved and subject to pending insurance verification. The company sees this as a simple administrative task, and to be resolved shortly.
Preliminary research shows strong support with the company running 14 casino runs a week, with each shuttle generating an average of $750 in revenue with 60-70% in gross profit.
“We are looking at creative ways to keep the buses on the road. As they are running not only are they generating revenue but they are advertising. If you are running a bus during the day for Hard Rock shuttles and then booking nightly runs at Gross Profit Margins of 70% you are doing very well.
We are very excited with the Vu365 merger which helps our plans with the college shuttle program and also will introduce the Vu365 to a new gaming audience. We had extremely favorable talks with Vu365 and believe they can help us extensively with our unique programming needs, and we can help them bring Vu365 gaming to an American audience. This is a win/win for LTGTR, Vu365 and the shareholders of EEGI,” Debra Davis President of LTGTR.
American Video Teleconferencing Corp. (Pink Sheets:AVOT) is pleased to announce that it has signed an option agreement for three gold bearing claim blocks situated in the northern mining district of Saskatchewan, Canada.
Assays taken in 2008 on selected samples returned repeatable high grade gold values of 7gms/ton (.25oz) to 112.9gms/ton (3.99oz/ton).The property owners did random sampling in June 2007 and had an assay of 933gms/ton (32.9oz/ton) of gold from one of the samples and that prompted the writing of a technical report on the project that was prepared in compliance with the National Instrument 43-101 and Form 43-101F1 and was issued on November, 28 2008. The writer was Duncan Bain P Geo. who resides in London Ontario, Canada.
Samples that were taken as part of a work program done on the property were sent to an ISO-certified assay laboratory based in Saskatoon, Saskatchewan Canada. The project is 1385 hectares in area and covers several documented nickel-copper and gold showings and land in proximity to lake sediment geochemical and biogeochemical anomalies. All these are part of the Snowbird Tectonic Zone which is a major tectonic structure and extends for more than 2,000 kilometres. Access to the project is currently by float or ski equipped aircraft or by helicopter to Stony Rapids which is accessible by commercial aircraft from the major cities of Saskatoon or Regina in southern Saskatchewan.
The expenditures for the 2010-2011 work program will be paid by the property owners due to an arrangement reached in the option agreement with the issuance of 1.2 million restricted shares (144).
Presently the company is in the final stage of negotiations with Kondor Gold Pyt. in Australia.
The company will aggressively continue to search world-wide for opportunities in Precious, Base and Rare Earths metal projects.
Green Dot Corporation(NYSE:GDOT) a leading prepaid financial services company, announced that it has commenced a secondary public offering of 4,269,051 shares of its Class A common stock.
Green Dot Corporation and its subsidiary, Next Estate Communications, Inc., provide money management solutions in the United States. The company offers general purpose reloadable prepaid debit cards, and cash loading and transfer services. Its products include Green Dot MasterCard and Visa-branded prepaid debit cards; various co-branded reloadable prepaid card programs; Visa-branded prepaid non-reloadable (gift) cards; and MoneyPak and swipe reload proprietary products, which enable cash loading and transfer services through its Green Dot Network.
VelocityShares Daily Inverse VI (NYSE:ZIV) announced the launch of six volatility-related Exchange Traded Notes (ETNs) to be listed on NYSE Arca. The new VelocityShares(SM) ETNs include the first daily inverse and 2x leveraged ETNs linked to the S&P 500 VIX Futures� Index. The ETNs will provide institutional traders with an exchange traded instrument enabling them to manage equity market volatility risks. �We are committed to developing innovative products for the professional trading community,� said Greg King, Chief Executive Officer of VelocityShares. �This suite of ETNs gives traders their first opportunity to access daily rebalanced leveraged and inverse exposure to an S&P 500 VIX Futures Index via an exchange traded product.�
Walter Energy, Inc. (NYSE:WLT) announced that they have entered into an arrangement agreement for Walter Energy to acquire all of the outstanding common shares of Western Coal for CAD$11.50 per share in cash or 0.114 of a Walter Energy share, or for a combination thereof, all subject to proration.
Walter Energy, Inc. produces and exports metallurgical coal for the steel industry primarily in the United States. The company also produces steam coal, coal bed methane gas, metallurgical coke, and other related products. It principally serves electric utility and industrial customers. The company was formerly known as Walter Industries, Inc. and changed its name to Walter Energy, Inc. in April 2009. Walter Energy, Inc. was founded in 1946 and is headquartered in Tampa, Florida.
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