INBG Mit Mega Potential auf zum Höhenflug!


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195 Postings, 5193 Tage almarasuuuINBG Mit Mega Potential auf zum Höhenflug!

 
  
    #1
19.07.10 22:24
                                                                                                               
International  Building Technologies Group, Inc. Signed a LOI to Enter into a Merger  with a China Petroleum Storage Facilities...
Date :06/02/2010 @ 9:00AM
Source :Business Wire
Stock :International  Building Technologies  Group, Inc. (INBG)
Quote :  0.0004  0.0 (0.00%) @ 10:20AM
 
         
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International Building Technologies Group, Inc. Signed a  LOI to Enter into a Merger with a China Petroleum Storage Facilities...

Intl Building Techs Grp. (BB) (OTCBB:INBG)
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International Building Technologies Group, Inc. (OTCBB:INBG)  announced        today that it has signed Letter of Intent to merge with FHH Sino  New        Energies Co.,  Ltd., a Chinese company (“FHH Sino”) located in Weihai,        Shandong Province of China. FHH Sino is a petroleum storage  company that        offers petroleum storage tanks and facilities for rental to the        petroleum importer/exporter companies in China. FHH Sino has made a  good        faith deposit of USD 230,000 with INBG to execute the signed  Letter of        Intent.

   

According to recent appraisal prepared by an accounting firm in        accordance with China accounting standards, FHH Sino has net  assets        worth RMB 370 million (approx. USD 54 million) and will generate  annual        revenues of RMB 100 million (approx. USD 14 million) after its        completion of construction of Phase I and execution of signed  rental        contracts business in  early 2011.

   

Stated Kenneth Yeung, CEO of INBG, “INBG intends to merge with FHH  Sino        by exchanging INBG’s common stock with FHH  Sino’s holding or subsidiary        company. This merger will give INBG the opportunity to switch its  nature        of business into the energy sector, the ability to generate  revenue and        profit once the FHH Sino commences its operation in early 2011,  thus        benefits our shareholders in the near future. FHH Sino is  currently in        construction of its Phase I with petroleum storage capacity of  320,000        m3 (or approx. 11,300,000 cubic feet) and has completed all the        foundation and infrastructure for its 8 storage tanks. This        infrastructure includes the supporting facilities and pipeline        connecting to the harbor, which is just 600 meters away from the  storage        facilities. Strategically, this merger will strongly support  INBG’s        ability to connect with the energy market,  the potential investors and        strategic partners who are interested in participating to the  energy        sector in the most booming economic of the world, China, and  throughout        the world .”

   

About FFH Sino: FHH Sino New Energies Co., Ltd. is a petroleum  storage        company located in Weihai, a coastal city in Shandong Province of  China.        The company provides petroleum storage tanks for rental to  petroleum        companies such as Sinochem and Sino-Petro, as well as being  engaged in        the business of local fuel oil distribution. It has its approved  Phase        II planned with the additional storage tanks of 450,000 m3. FHH  Sino        will be one of the key players in the  fuel storage facilities companies        for the northern coastal cities of China after the completion of  both        Phases.

   

An 8-K along with a copy of the signed and executed LOI specifying  all        the terms and conditions of the transaction will be filed with the  SEC        shortly.

   

This news release may include forward-looking statements within  the        meaning of section 27A of the United States Securities Act of  1933, as        amended, and section 21E of the United States Securities and  Exchange        Act of 1934, as amended, with respect to achieving corporate  objectives,        developing additional project interests, the company’s analysis of         opportunities in the acquisition and development of various  project        interests and certain other matters. These statements are made  under the        “Safe Harbor” provisions of the United States Private Securities        Litigation Reform Act of 1995 and involve risks and uncertainties  which        could cause actual results to differ materially from those in the        forward-looking statements contained herein.

                                                                                                               
- Current report  filing (8-K)
Date :06/02/2010 @ 9:35AM
Source :Edgar (US Regulatory)
Stock :(INBG)
Quote :  0.0004  0.0 (0.00%) @ 3:50PM
 
         
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- Current report filing (8-K)

 

SECURITIES AND EXCHANGE COMMISSION
  Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 27, 2010

 

INTERNATIONAL BUILDING TECHNOLOGIES GROUP, INC.
 (Exact name of registrant as specified in its charter)

Nevada 0-32323 20-1217659 (State or other jurisdiction (Commission (IRS Employer  of incorporation) File Number) Identification Number)
 

17800 Castleton Street, Suite 638, City of Industry, California 91748
(Address of Principal Executive Offices) (Zip Code)

Registrant's telephone number, including area code: (626) 581-8500

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any  of the following provisions (see General Instruction A.2., below):

[ ] Written communications pursuant to Rule 425 under the Securities Act  (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act  (17 CFR 240.14a-120

[ ] Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communication pursuant to Rule 13c-4(c) under the Exchange Act (17 CFR 240.133-4(c))


     

ITEM 8.01 OTHER EVENTS.

On May 25, 2010, the Company signed a non-binding Letter of Intent to  merge with FHH Sino New Energies Co., Ltd., a Chinese company ("FHH Sino")  located in Weihai, Shandong Province of China. FHH Sino is a petroleum storage  company that offers petroleum storage tanks and facilities for rental to the  petroleum importers/exporters in Weihai, a coastal city in Shandong Province of  Northern China.

According to a recent appraisal prepared by an accounting firm in accordance with China accounting standards, the Chinese company has net  assets worth RMB 370 million (approximately US $54,000,000) and will generate  annual revenues of RMB 100 million (approximately US $14, 000,000) after its  completion of construction of Phase I and execution of rental contracts business in  early 2011.

FHH Sino is currently in construction of its Phase I and has completed  all the foundation and infrastructure for its 8 storage tanks. This  infrastructure includes the supporting facilities and pipeline connecting to the  harbor, which is just 600 meters away from the storage facilities.

FHH Sino provides petroleum storage tanks for rental  to petroleum companies such as Sinochem and Sino-Petro, as well as being engaged in the  business of local fuel oil distribution. FHH Sino has its Phase II planned and has  received official approval from the Chinese authorities for additional storage  tanks of 450,000 m3 and expects to commence construction of Phase II in late  2011.

The Company and FHH Sino are working together  on the related merger agreements and auditors have been engaged to commence an audit of FHH  Sino in preparation for the merger.

The Letter of Intent is subject to (i) the execution of a mutually acceptable definitive merger or exchange agreements: (ii) there being no material adverse change in the financial condition, business or  prospects of the Company prior to closing; (iii) final investment committee approval;  (iv) local government and regulatory approvals; (v) extension of existing  employment contracts for the Company's management; and (vi) and a guarantee of  buy-back or exchange of common stock  for preferred stock (not to exceed U.S. $2,300,000) currently held my the Company's officers or investors.

Upon signing of the Letter of Intent on May 27, 2010 (effective date),  FHH Sino made a U.S. $230,000 good faith deposit with the Company.

A copy of our press release on this matter is attached hereto as Exhibit 99.1 and incorporated herein by reference.

     

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits

10.1 Letter of Intent dated May 27, 2010, by and between International Building Technologies Group, Inc and FHH Sino New Energies Co., Ltd..

99.1 Press Release dated June 2, 2010

2

     

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its  behalf by the undersigned hereunto duly authorized.

DATED: June 2, 2010

INTERNATIONAL BUILDING TECHNOLOGIES GROUP, INC.

By: /s/ Kenneth Yeung  --------------------------------------------  Kenneth Yeung  President and Chief Executive Officer
3

     

EXHIBIT INDEX

 
Exhibit No. Description of Exhibit ----------- ----------------------   10.1 Letter of Intent dated May 27, 2010, by and between International  Building Technologies Group, Inc and FHH Sino New Energies Co.,  Ltd..   99.1 Press Release dated June 2, 2010
   

Intl Building Techs Grp. (BB) (OTCBB:INBG)
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Intl Building Techs Grp. (BB) (OTCBB:INBG)
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Stock Alert for  International Building Technologies Group Inc. Issued by  MicroStockProfit
Date :06/04/2010 @ 6:50AM
Source :GlobeNewswire Inc.
Stock :(INBG)
Quote :  0.0004  0.0 (0.00%) @ 10:20AM
 
         
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Stock Alert for International Building Technologies  Group Inc. Issued by MicroStockProfit

Intl Building Techs Grp. (BB) (OTCBB:INBG)
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MicroStockProfit.com announces an investment report featuring  International Building Technologies Group Inc. (OTCBB:INBG). The report  includes financial, comparative and investment  analyses, and industry information you need to know to make an educated  investment decision.

The full report is available at: www.microstockprofit.com/lp/INBG

International Building Technologies Group Inc. (INBG) is in the business

of manufacturing, marketing and  providing equipment and materials to the building and construction  industries. The Company is a developer and provider of a panel based  building technology. The Company's panel technology offers greater  strength and resistance to winds and hurricanes, as  well as providing a sustainable building solution that does not utilize  timber, provides high insulation values and is resistant to bugs, mold  and rot.

Message Board Search for INBG: http://www.boardcentral.com/boards/INBG

In the report, the analyst notes:

"For the quarter ended March 31, 2010, operating expenses for current operations  totaled $118,570, which is more than the quarter ended March 31, 2009's,  Operating Expenses of $94,999. The increase of $23,571 in operating  expenses between quarters ended 2010 and 2009 was mostly attributed to  the increases in the officer's salary and professional fees.  

"The expanded polystyrene in the IBT technology system  has an acoustic insulation capacity that is four times higher than the  traditional block system and thermal insulation that can isolate heat eight times  more than constructions using the traditional block system."

To read the entire report visit: www.microstockprofit.com/lp/INBG

See what investors are saying about INBG at penny  stock forum

MicroStockProfit.com is a small-cap research and investment commentary  provider. MicroStockProfit.com strives to provide a balanced view of  many promising small-cap companies that would otherwise fall under the  radar of the typical Wall Street investor. We provide investors with an  excellent first step in their research and due diligence by providing  daily trading ideas, and consolidating the public information available  on them. For more information on MicroStockProfit please visit: http://www.microstockprofit.com

MicroStockProfit.com Disclosure

MicroStockProfit.com is not a registered investment advisor and nothing  contained in any materials should be construed as a recommendation to  buy or sell any securities.  MicroStockProfit.com is a Web site wholly owned by BlueWave Advisors,  LLC. Neither MicroStockProfit.com nor its affiliates have a beneficial  interest in the mentioned company; nor have they received compensation  of any kind for any of the companies listed in this communication

. Please read our report and visit  our Web site, MicroStockProfit.com, for complete risks and disclosures.

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