USXP -- Universal Express, Inc.
Com ($0.005)
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TradersWorks.com: Tuesday`s breaking news! today`s market activity: PHEI, SLWF, USXP, SSSU October 17, 2006
Dallas, Texas, Oct 17, 2006 (M2 PRESSWIRE via COMTEX) -- TraderWorks reports news and movements on Phantom Entertainment, Inc. (OTCBB: PHEI), Seamless Wi-Fi, Inc. (OTCBB:SLWF), Universal Express, Inc. (OTCBB:USXP), Silver Screen Studios, Inc. (OTCBB:SSSU) Check and visit us at TraderWorks.com for more.
Phantom Entertainment, Inc. (OTCBB: PHEI) announced yesterday that BUYINS.NET, http://www.buyins.net, is reiterating coverage of Phantom Entertainment, Inc. after releasing the latest short sale data to October 2006. From January 2005 to October 2006 approximately 2.1 billion total aggregate shares of PHEI have traded for a total dollar value of nearly $216.3 million. The total aggregate number of shares shorted in this time period is approximately 159.1 million shares. The PHEI SqueezeTrigger price of $0.105 is the volume weighted average short price of all short selling in PHEI. The first of several short squeezes is expected to begin when shares of PHEI close above $0.007, where approximately 5 million shares have been shorted. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Stock Price: 0.0078, Up+5.41% on 3,886,294 shares traded
Seamless Wi-Fi, Inc. (OTCBB:SLWF). 1st GLOBAL FINANCIAL CORPORATION (OTC:FGBF) announced today that Seamless Wi-Fi, Inc. (OTCBB:SLWF) subsidiary, Seamless Peer 2 Peer, Inc., has contracted with 1st GLOBAL subsidiary, 1st Federal Financial, Inc., to receive credit and debit card and check transactional processing services for secure on-line purchases of Seamless' Phenom 3.0 Virtual Internet/Extranet encryption software product. 1st GLOBAL and its subsidiaries offer payment processing services such as credit and debit card acceptance, check guarantee, check verification, check conversion, Automated Clearing House (ACH) check processing, point of sales terminal sales and leasing, and working capital for merchants throughout the United States.
Stock Price: 0.0024, Up+14.29% on 11,805,227 shares traded
Universal Express, Inc. (OTCBB:USXP) The Coalition for Luggage Security says according to an article on msnbc.com entitled, "Lost Luggage Worsening Problem for Airlines", 14,089 bags were lost or misplaced in the month of August (2006). The article indicates banned liquids and an increase in checked bags were considered to be partially to blame for this increase.
http://msnbc.msn.com/id/15134565/ The article also states that out of every 1,000 bags transported in August, 8.08 were lost as compared to 6.5 in July, and the lose rate of 6.4 August 2005. "This is not a surprise. It's not even news anymore. It's a built in fact of life. Instead of providing travelers with an alternative to an increased chance of their bags being lost or misplaced due to constant changes in security measures, temporary or permanent, airlines, airports and governmental departments will keep doing things the way they have since baggage handling and airlines were created, but on a larger scale," said Richard Altomare, Founder and President of the Coalition for Luggage Security, and CEO of Universal Express, Inc. (OTCBB:USXP). "The Coalition offers solutions to this very problem. Give travelers the opportunity to have their possessions where they are supposed to be instead of late, lost or sold off to the general public in a store in Tennessee. The Coalitions white paper, 'More Safety, Less Hassle for American Travelers: A private sector solution', provides a plan that includes not only organization and a decrease in lost luggage but incentives to travelers, airlines, airports and our government to adopt a better, different, less archaic process. This paper can be found at http://www.luggagesecuritycoalition.com/downloads/securitywp.pdf.
Stock Price: 0.004 Up+ 0.00% on 9,972,250 shares traded
Silver Screen Studios, Inc. (OTCBB:SSSU) Global 1 Realty Corporation, www.1global1realty.com, forms venture capital private equity investment funds for acquisitions of companies, financing of investments in other entities, and files to do business as Silver Screen Holdings to reflect our new business model.
Share Capital Structure: The company's strategy regarding its capital structure is to grow SSSU through acquisitions in a non-dilutive manner. We have created Reg. E Business Development Companies to raise $10 million per year which will be used as acquisition vehicles rather than diluting the equity position of the company. Furthermore, we have NO intent of conducting a reverse split of the company's shares. The new shares we have authorized will be used in a non-dilutive manner and are strictly for acquisitions as restricted shares.
Corporate Growth Strategy: Our corporate growth strategy is to grow internally through share appreciation and capital gains through the acquisition of and investment in growth companies and opportunities present to us. Our strategy is to diversify the risks of ownership in our shares by the distribution of dividends of companies, up to (25%), we invest in. We have several concepts and companies we are investigating for acquisition and investment. Capital Gains and Share Appreciation through Federal and State Tax Credits: Our strategic business unit Global 1 Entertainment, Inc. is preparing a slate of film projects to take advantage of section 181 and 199 of the internal revenue code film tax credits. Investors in the partnerships we create will be able to write off 100% of their investment in the partnerships as a tax credit against their federal income taxes. www.cfoyesq.com/ARTICLE%20DRAFT%201.0.htm. One hundred percent of the investment in the film fund is tax deductible against passive income by the investor. A Georgia investor will receive an additional credit of 12% against GA income taxes. This fund is available to U.S., as well as international investors. We are exploring the distribution of our funds via a broker/dealer network and Registered Investment Advisors. We expect to raise up to $100 million in these funds. The $100 million invested in the fund will generate, assuming a 40% tax bracket, $40 million in passive income tax savings at the federal level and $12,000,000 in savings at the state level. Together a total of $52 million in capital gains added back into our capital structure as an investor benefit gives our shares an additional value of $0.50 per share.
Valuation Metrics: We estimate SSSU shares to have an intrinsic value inclusion of any dividend distribution of portfolio companies of between $0.35-0.50 per share plus the tax credit benefit estimated at $0.50 per share. This value is based on the distribution of 25% of a portfolio company's shares to our shareholders and each portfolio company to trade on the OTCBB at a price of $0.05 - $0.10 per share.
NOBO List: The NOBO List, Non Objecting Beneficial Owners, will help us identify the correct and accurate shareholder base, and award the benefits to the correct parties and to protect the investment of verifiable shareholders. We expect to have the results of the complete NOBO list later this week and the short position announced to our shareholders.
Stock Price: 0.036, Up+10.77% on 14,658,986 shares traded
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