(GNPG.OB) Green Planet Group, Inc. Files Breach Of Contract And Fraud By Inducement Complaint Against Easy Staffing Services, Inc.

Posted on 29. Jul, 2010 by PublicWire in General   

(PublicWire.com News Release) Green Planet Group, Inc. (OTCBB:GNPG) announced that its wholly owned subsidiary, Lumea, Inc., has filed a breach of contract and fraud by inducement complaint in the Superior Court of the State of Arizona on or about July 7, 2010. The defendants are Easy Staffing Services, Inc., ESSI, Inc. and Easy Staffing Solutions, Inc. (the “Easy Staffing Companies”) which are the companies that entered into an Asset Purchase Agreement pursuant to which their assets were sold to Lumea, Inc. The terms of the Agreement called for Green Planet Group to issue 15 million shares of common stock to the shareholders of the Easy Staffing Companies and for Lumea to issue two promissory notes totaling $8,250,000.

After the Easy Staffing Companies’ previous management team resigned or was terminated, the new management team discovered numerous fraudulent schemes, misrepresentations and illegal activities which represent the basis for this law suit. Therein, Lumea requests judgment for damages to be determined at trial of not less than $12,000,000, recession of the Asset Purchase Agreement, and the cancellation of the 15 million shares of stock issued to the shareholders of the Easy Staffing Companies. The Company expects to prevail and, at a minimum, to be able cancel the current debt associated with this transaction and the stock issued to the Easy Staffing Companies. The impact to Green Planet Group would be a reduction of $4,805,568 or 44% of its current debt, reduction in goodwill of a like amount, and the number of issued and outstanding shares would be reduced by 15,000,000 resulting in approximately 135,000,000 shares issued and outstanding equal to a reduction of 10%.

(GNPG.OB) Green Planet Group, Inc. Files Breach Of Contract And Fraud By Inducement Complaint Against Easy Staffing Services, Inc

In addition, JG Staffing, Inc. was named as a co-conspirator particularly as it relates to defrauding Lumea’s Workers Compensation Insurance provider and using its relationship to defraud the government’s Minority Business Enterprise Program. Lumea’s new management team immediately terminated these fraudulent activities as soon as they were uncovered.

Mr. Edmond L. Lonergan, President/CEO of Green Planet Group, stated, “It is unfortunate that Lumea must take these legal actions to protect itself as well as to protect the assets of the Company.”

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(GNPG.OB) Green Planet Group, Inc. Files Breach Of Contract And Fraud By Inducement Complaint Against Easy Staffing Services, Inc

(TCLN.OB)Techs Loanstar, Inc. Clarifies Recent Stock Dividend Announcement

Posted on 15. Jul, 2010 by PublicWire in General   

(PublicWire.com Press Release)Techs Loanstar, Inc. (OTCBB:TCLN) (”Techs” or the “Company”), a company in the social network industry thru its wholly owned subsidiary ZenZuu USA, Inc. (”ZZUSA”), today issued further information regarding the recently announced stock dividend. On July 7, 2010 the Company announced that its board of directors approved a resolution authorizing a stock dividend of two additional shares of common stock to each shareholder of TCLN as of the record date of July 16, 2010. The Company was advised on July 12, 2010 from the Financial Industry Regulatory Agency (”FINRA”) of the following: Record Date: July 16, 2010, Payment Date: July 19, 2010, Ex-dividend Date: July 20, 2010. Accordingly, the stock will trade with the dividend through July 19, 2010 and will trade without the dividend beginning July 20, 2010. Purchasers on July 20, 2010 or later will not be entitled to the dividend.

“The stock dividend is intended to lay the groundwork for the growth of our Company, allowing us to continue our ongoing efforts to improve trading liquidity, broaden ownership, promote capital investment for acquisitions and enhance shareholder value,” stated Barry Hollander, CFO of the Company.

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(SRCO.OB)Sparta Commercial Services, Inc. Adds St. Pauls NC To Municipal Lease Program

Posted on 14. Jul, 2010 by PublicWire in General   

(PublicWire.com Press Release)Sparta Commercial Services, Inc. (OTCBB: SRCO) today announced that St. Pauls, NC has become the latest municipality to join Sparta’s Municipal Lease Program with the acquisition of new cruisers for its police department. Sparta also announced that Mt. Gilead, NC has expanded its police cruiser fleet, adding to its current Municipal Lease arrangement with the Company. All of the new cruisers are Dodge Chargers, acquired through Ilderton Dodge, a local dealer.

According to Sparta, the continuing growth of its Municipal Lease Program reflects a desire among an increasing number of municipalities across the United States to lower their annual capital outlays at a time when they are challenged by decreasing revenues, but still require essential equipment for critical services. Sparta’s Municipal Lease Program offers municipalities the opportunity to conserve capital within their annual budgets, since leasing the necessary equipment allows for payment to be made over time, instead of having to pay the entire cost upfront.

Shawn Walker, Mt. Gilead Chief of Police, commented on the new transaction with Sparta, saying, “We were extremely pleased with the last experience we had with Sparta, which is why the decision to use their Municipal Leasing Program again was so easy. Their attention to detail, outstanding communications, and overall professionalism, in addition to the cost savings, is everything we could hope for.”

Amy Hill, Fleet Sales Manager at Ilderton Dodge, also commented, “The people in Sparta’s Municipal Lease department are simply great to work with. They handle this kind of leasing arrangement with exceptional knowledge about the dealer’s role, and I couldn’t be more impressed with the quality of their involvement.”

To sum up, Anthony Havens, Sparta’s CEO, said, “As we bring on an ever-increasing number of cities, states, and towns to our Municipal Lease Program, our commitment to the principle of providing a more cost-effective way for municipalities to acquire the essential equipment they must have is continually reinforced. We understand the economic difficulties governmental agencies are facing, and whenever we can help with our Municipal Lease Program, we’re particularly pleased.”

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(PUBM.OB)Public Media Works, Inc. Signs Letter Of Intent To Mediamatic Ventures, Inc.

Posted on 02. Jul, 2010 by PublicWire in General   

(PublicWire.com Press Release)Public Media Works, Inc. (OTCBB: PUBM) announced it has signed a Letter of Intent to acquire Cochrane, Alberta, Canada-based Mediamatic Ventures, Inc. (dba VideomaticCanada). The companies anticipate the definitive agreement for an all-stock transaction will be executed in the next six to eight weeks pending the completion of PMW’s due diligence that is currently underway.

According to the company’s CEO Jeremy Ostrowski, VideomaticCanada has the second largest Canadian network of kiosks that rent and sell DVD movies and video games. “With more than 67 DVD movie and game kiosk stores currently installed or being staged, and 25 more on order, we expect to have 92 kiosks up and running throughout Canada by August of this year,” said Ostrowski.

At its current growth pace, VideomaticCanada’s goal is to become the largest Canadian DVD kiosk network by the end of 2010, according to Ostrowski.

“VideomaticCanada — with its excellent installed base and visionary founder and CEO, Jeremy Ostrowski — fits our high-traffic and supermarket verticals plan to a ‘T,’” said Garrett Cecchini, Chairman and CEO of Public Media Works. “VideomaticCanada has developed a highly successful, kiosk-specific customer retention program, and its kiosk-based entertainment technologies are quite simply years ahead of anything I’ve seen in the industry. Combining our infrastructure, channel sales partners and content acquisition prowess with Videomatic’s operations will allow us to asymmetrically dominate specific territories and markets.”

According to information from VideomaticCanada, the company began installing fully automated DVD vending machine kiosks in 2006, targeting convenience locations that allow customers access 24/7. With a priority to stay ahead of the curve, the company reports that it is transforming from the traditional disk dispensing kiosk to also allow customers to acquire downloadable content to almost any music or PDA device. Customers can also view titles online and reserve or buy entertainment content at a location of their choice.

“Becoming part of Public Media Works will enable us to aggressively expand throughout Canada, multiplying our profitable kiosk operations from coast-to-coast,” Ostrowski said. “And I believe our years of early pioneering in technology and customer acquisition, as well as being a hands-on operator in the kiosk-based DVD movie and game space, will complement the new, combined company’s plan for growth and differentiation in the international marketplace. The bottom line is that this transaction with PMW is truly a ‘Win-Win’ for all.”

With the anticipated close of the deal, the parties have agreed that Ostrowski will have a seat on the board and will be a member of the senior management team of Public Media Works. The completion of the acquisition is subject to the negotiation and execution of a definitive acquisition agreement and the completion of the audit of VideomaticCanada. Public Media Works cannot provide any assurances that such an acquisition will be completed, or if completed, the timing of such completion.

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