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.
PTS, Inc. (OTC.BB:PTSH) announced that through its ThinLine division it has signed a 3 year IT Services deal with United Power.
United Power is acknowledged experts on the resale of products especially suited for medium voltage power distribution, in addition to providing a wide portfolio of products for other aspect of the electrical utility business. United Power has been serving electrical utility Customers within Georgia continuously since 1976. They have developed a reputation for customer sensitivity, fair dealing and exceptional quality during this time.
United Power required an IT solution that would allow them to contact one source for all of their IT needs.
“United Power is a well-established and quality company that has been a leader in their field for decades” stated Raj Kalra CEO of PTS. “They were looking for a one stop shop that would be able to handle their IT, disaster recovery and hardware needs without making more than one phone call. ThinLine’s managed IT solution was designed for this task. We look forward to working with the team at United Power and I am always excited to add a quality client to our growing portfolio of managed It customers,” added Raj Kalra.
Heartland Express, Inc. (Nasdaq:HTLD) announced the declaration of a regular quarterly cash dividend. The $0.02 per share dividend will be paid on December 20, 2010 to shareholders of record at the close of business on December 10, 2010. A total of approximately $1.8 million will be paid on the Company�s 90.7 million outstanding shares of common stock. Heartland Express, Inc. implemented a quarterly cash dividend program in the third quarter of 2003. This is the Company�s thirtieth consecutive quarterly cash dividend. With the payment of this dividend, the Company will have paid a total of $337.5 million in cash dividends, including two special dividends.
Heartland Express, Inc., together with its subsidiaries, operates as a short-to-medium-haul truckload carrier of general commodities in the United States.
Sierra Wireless Inc. (Nasdaq:SWIR) announced that Aisino Corporation, a leading information technology company in China, has selected Sierra Wireless AirPrime� Q2686 intelligent embedded modules with Embedded SIM for integration into its network billing machine. The Aisino network billing machine enables tax payers to immediately feed their tax data to the Taxation Bureau, using the China Mobile network to provide real-time communication with the back-end server.
Sierra Wireless, Inc. provides wireless solutions for the mobile computing and machine-to-machine (M2M) markets.
Liberty Media Interactive (Nasdaq:LINTB) has exchanged its entire equity stake in IAC for a combination of operating assets and cash in a transaction intended to be tax-free to Liberty and IAC. Pursuant to the transaction, completed on December 1, Liberty exchanged approximately 12.8 million shares of IAC stock (consisting of approximately 8.5 million shares of Class B stock and 4.3 million shares of common stock, and representing approximately 60% of the total votes of all classes of IAC stock) for all of the capital stock of a wholly-owned subsidiary of IAC that holds the Evite and Gifts.com businesses, and approximately $220 million in cash. These assets will be attributed to the Liberty Interactive tracking stock group.
Liberty Interactive, Inc. markets and sells various consumer products in the United States and internationally, primarily by means of televised shopping programs on the QVC networks and via the Internet through its domestic and international Web sites.
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