Thats just what Vu365 has done, by merging with Eline Entertainment Group Inc. (PINK SHEETS:EEGI.PK), through Elines subsidiary.
Vu365 has been looking to enter the US market for quite some time, and this merger is the perfect opportunity. According to sources, Vu365 offers revenues in the $2 million USD range, with profits of $500,000 USD.
Vu365 is a popular China-based video game designing company. Founded in 2005, the group designs online and casual video games including strategic web games, cyber games and 3D large scale competitive games and has several products in development.
EEGI is happy to have Vu365 on their team and feels that they are a nice complement to their existing subsidiary, Let the Good Times Roll.
EEGI subsidiary Let The Good Times Roll, Inc. ("LTGTR") announced 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.
EEGI operates in the educational industry in China. It operates 12 educational training centers for nursery students; and 4 training programs. The company was formerly known as Eline Music.com, Inc. and changed its name to Eline Entertainment Group, Inc. in April 2001. Eline Entertainment Group, Inc. is based in Hendersen, Nevada.
More about EEGI at: www.elineentertainment.com
The Service Industry Association recently has filed an appeal to the U.S. Department of Justice about what it considers as Oracle, Inc.'s (NASDAQ:ORCL) anticompetitive policies pertaining to hardware maintenance of ORCL's Sun Microsystems products.
The SIA contends the new policies are directed at the $2.4 billion dollars of Sun hardware maintenance business currently contracted to Independent Service Organizations (ISOs). SIA believes ORCL's new hardware maintenance policies are the most onerous of all within the IT service and maintenance industry and are created solely to monopolize the Sun hardware maintenance business.
Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, recently reported that the Nuveen Michigan Dividend Advantage Municipal Fund (AMEX:NZW) and Nuveen Ohio Dividend Advantage Municipal Fund (AMEX:NXI) have successfully completed the public offering of $14.83 million and $18 million respectively, of MuniFund Term Preferred Shares (MTP).
The net proceeds from these offerings of MTP shares will be used to refinance a portion of the funds' outstanding auction-rate preferred securities (ARPS). MTP shares are expected to trade on the New York Stock Exchange (NYSE) within 30 days of original issuance under the symbols NZW PrC and NXI PrC respectively.
Whats mined could be an interest of yours, if you take note of what Orofino Gold Corp. (ORFG.PK) ("Orofino Gold" or the "Company") is up to!
Orofino Gold has categorized the Senderos de Oro properties as good high priority, high return opportunities. These properties are in areas of known gold reserves and have a current small-scale production of gold. Recent samples returned values as high as 250 grams gold with high copper values exceeding 10 percent. Geological trending indicates continuation at depth.
Ground reconnaissance to date implies the presence of a metallogenic domain spanning the entire properties with rather spectacular artisanal gold production. The area is virtually unexplored from a modern metallogenic standpoint, but based upon work to date, it demonstrates very good potential for the economic occurrence of large-scale high- level, volcanic-hosted epithermal gold deposits which currently support artisanal mining
ORFG has several Gold development properties in Colombia, a current hot spot of gold production in the world markets.
The company newly announced that the Board Of Directors have appointed Mr. Ning Shi Long as Chairman of the Board and Executive Director.
ORFG engages in acquisition, exploration, and development of gold properties in Mexico and Colombia. The company has an option to acquire properties in the Sur de Bolivar Department of Colombia South America. Orofino Gold Corp. was formerly known as SNT Cleaning, Inc. and changed its name to Orofino Gold Corp. in December 2009. The company was founded in 2005 and is based in Central, Hong Kong.
More about ORFG at:www.orofinogold.com
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