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TOPIC: ATEG

ATEG 14 years 6 months ago #763

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[This is the ATEG thread...]
Info on ACOC should be posted under the Forum called "Shell Stocks not listed on the Profile List - SEC Reporting."

I'll attempt to move this info to that FORUM under an ACOC thread.
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ATEG 14 years 6 months ago #762

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[ACOC News]
Updated: 08:47 AM EDT
RoomlinX Positions for Expansion, Appointing Wireless Industry Veterans to Executive Management Team

Aaron Dobrinsky to Join as Chief Executive Officer;

Frank Elenio as Chief Financial Officer

HACKENSACK, N.J., April 27 /PRNewswire-FirstCall/ -- In anticipation of its proposed merger with RoomlinX, Inc., a leading provider of wireless high-speed Internet network solutions to the hospitality industry, Arc Communications, Inc. (OTC: ACOC) today announced it has appointed wireless industry veterans Aaron Dobrinsky and Frank Elenio to serve as CEO and CFO, respectively. The two have also been appointed to the Board of Directors and will serve in the same capacities at the merged company. Upon completion of the merger, expected to close with shareholder approval in coming weeks, the company will be moving its corporate headquarters to Hackensack, New Jersey.

Dobrinsky, founder, Chairman and former CEO of wireless data provider GoAmerica Communications, (Nasdaq: GOAM) is widely respected for his role as an innovator and business leader in the wireless and telecom industries. He is credited for having introduced wireless solutions as productivity tools for corporations. Elenio, who has more than 18 years of financial and M&A experience, served as CFO of GoAmerica from 1999 to 2003. The two have significant experience in all areas of business including mergers, acquisitions and strategic partnerships. While at GoAmerica, the two executives helped raise in excess of $200 million in equity, while at the same time expanding the company's distribution network. Together, they bring a combined industry and business acumen that will be a significant competitive advantage for RoomlinX.

"I am thrilled to join RoomlinX and couldn't be happier to team again with Frank as we seek to expand the possibilities in this category," said Aaron Dobrinsky, appointed CEO of RoomlinX. "The RoomlinX business model provides a solid foundation for opportunities that will only increase with the convergence of broadband, media and telecom. I am eager to work with the incredibly talented people at RoomlinX to leverage advances in these and other areas for the benefit of our customers. Immediately we will begin looking to expand the markets that Roomlinx currently serves while introducing some value-added services such as IP telephony (known as VOIP) to our line of quality products. Roomlinx is in a great position to take advantage of the technology available and I look forward converting those opportunities into exciting new revenue streams for the company."

"The Roomlinx business model is different than many of its competitors', since RoomlinX installs high-quality networks and then allows its customers to gain revenue through their usage," said Frank Elenio, appointed CFO for RoomlinX. "The need for wireless access is unquestionable. RoomlinX customers praise the company and its products, which translates into good business. I look forward to working with Aaron again and in helping make the RoomlinX vision a reality."

"Aaron is not only respected for his talent and hands-on management style but for his ability to forge important business relationships with a keen focus on strategy and execution," said Peter Bordes, chairman of Arc Communications and appointed Chairman of RoomlinX. "We are pleased by the potential Aaron and Frank feel is inherent in our model and believe that RoomlinX will become the preeminent player in this arena with these two at our helm."

"It is a testament to our company, the quality of our products and the loyalty of our customers that these two wireless industry veterans have agreed to lead our efforts," said Bob Lunde, current CEO of Roomlinx. "I look forward to supporting them as I shift my focus to partnerships in a new role spearheading strategic alliance initiatives for the company."

Dobrinsky founded GoAmerica in 1996 when, as a frequent business traveler, he realized there was no way to remain fully productive while on the road. Recognizing the potential demand for a form of mobile data communications, he was determined to find a solution. His search led him to discover new technologies in the emerging world of wireless data.

Dobrinsky has held management positions in several companies, frequently earning distinction for leading his groups to record profitability. He has been an advisor to several companies and is currently the Chairman of the Board for GoAmerica, Inc. (Nasdaq: GOAM). Dobrinsky is an experienced public speaker, has received recognition for his entrepreneurial acumen and was named as a finalist for Ernst & Young's Entrepreneur of the Year 1999 for his role as founder of GoAmerica.

Frank Elenio joined GoAmerica in January 1999 as its Chief Financial Officer, Treasurer and Secretary. Elenio began his career with Ernst & Young LLP (then Ernst & Whinney). Mr. Elenio left Ernst & Young in 1991 to join KTI, Inc., a waste recycling company, as corporate controller and ultimately becoming vice president of finance. After successfully transitioning KTI's financial operations to Maine, Elenio joined Bogen Communications, Inc. as controller in 1997. While at Bogen, Elenio helped move Bogen from the American Stock Exchange to the NASDAQ National Market. Additionally, Elenio helped procure a $20 million acquisition line of credit. Elenio is a Certified Public Accountant in New Jersey.

About RoomLinX, Inc.

RoomlinX is a pioneer in Broadband High Speed Wireless Internet connectivity, specializing in providing the most advanced 802.11b WI-FI Wireless and Wired networking solutions for High Speed Internet access to Hotel Guests, Convention Center Exhibitors, Corporate Apartments, and Special Event participants.

About Arc Communications, Inc.

The information contained in this press release, including any "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 contained herein, should be reviewed in conjunction with the Company's Annual Report on Form 10-KSB and other publicly available information regarding the Company, copies of which are available from the Company upon request. Such publicly available information sets forth many risks and uncertainties related to the Company's business and such statements, including risks and uncertainties related to that are unpredictable and outside of the influence and/or control of the Company.

For More Information Contact:

Ilya Welfeld

RoomlinX

201.696.9076

This email address is being protected from spambots. You need JavaScript enabled to view it.
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ATEG 14 years 6 months ago #761

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[Shell stock]
Anyone look into ACOC. Intent to merge with room link in may. The press could be good as the new corp is into broadband wireless with some high profile names. Any thoughts?

RW
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ATEG 14 years 6 months ago #760

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looks like this one died off fast...

I did manage to do alright on the run and kept some free shares IF this ever gets filled...
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ATEG 14 years 7 months ago #731

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Mr. Editor...

here is some DD by a good friend on another board...enjoy...

Merger/Acquisition Could Be Imminent.

Follow me here, this is VERY interesting.

November 23,2001....
MONROVIA, CA -- American Technologies Group Inc. (ATG) (OTCBB:ATEG) announced today a major reordering of the company which, among others, provides for Dr. Gary Fromm, President of Investment Intelligence, making a $400,000 loan to the Company.

As part of the reordering being announced today, a New York based private equity fund has agreed to provide an equity funding facility of up to $10 million to finance the acquisition of new products and technologies. A full and complete explanation of this will be mailed to the shareholders in a proxy statement in the very near future. It is also planned that the Company will move its headquarters to New York City.

http://www.ventureeconomics.com/vec/ZZZC9VYLITC.html

Then on February 13, 2002 Dr. Gary Fromm becomes Chairman and CEO of ATEG.

American Technologies Group Inc. Announces Management Changes
2002 Feb 13 3:21 PM
American Technologies Group Inc. announced that Dr. Gary Fromm has been appointed Chairman and CEO. Mr. Larry Brady simultaneously resigned from those and all other positions in the Company.

http://yahoo.investor.reuters.com/KeyDevelopments.aspx?ticker=ATEG.OB&am p;target=%2fstocks%2fnews%2fkeydevelopments


Now let's look at a company that Dr. Fromm is the founder of:

Since February 2002, Mr. Fromm has been our Chief Executive Officer and Chairman of the Board. In addition, Dr. Fromm is the Founder of Investment Intelligence Systems Corporation and has been its President since 1981. Dr. Fromm received a Ph.D. and A.M. from Harvard University, an M.S. from the Massachusetts Institute of Technology and a B.M.E from Cornell University.

http://yahoo.investor.reuters.com/OfficerProfile.aspx?officer=212971& ;target=executiveofficers&rn=A17C4&page=biography

Gary Fromm is on the VasoActive Board of Directors:

Gary Fromm, Ph.D., Director
Dr. Fromm has been a member of the board of directors since June 2003. He also serves as Chairman and Director of IDC Financial Publishing. Dr. Fromm is also a director to Sky Venture Capital, Inc. and Neorterik Health Technologies, Inc. He is a co-founder and President of Investment Intelligence Systems Corporation and co-founder of Data Resources. Dr. Fromm holds an A.M. and a Ph.D. in Economics from Harvard University, an M.S. in Industrial Management from M.I.T. and a B.M.E. in Mechanical Engineering from Cornell University.

http://www.biochemics.com/vc.html
(scroll down to the bottom)

Look at the stock price of VasoActive ($7.59), this is a real company and Gary Fromm has a major foot in the door being on the board of directors.

http://finance.yahoo.com/q?s=VAPH&d=t

Dr. Gary Fromm has a distinguished career as a business leader, scholar, scientist, author, and government consultant. Serving as a Director to Sky Venture Capital, he is also the Chairman of IDC Financial Publishing, a Director of Neoterik, and the President of American Technologies Group. Dr. Fromm is the Founder and President of Investment Intelligence Systems Corporation and Co-Founder of Data Resources. He has contributed his extensive scientific know-how while working in engineering at General Electric and General Motors.

Dr. Fromm has been a key consultant to various U.S. governmental agencies including the U.S. Congress, the Office of Management and Budget, the Department of State, and the Federal Aviation Administration, among others.

http://www.skycapventures.com/management/fromm.html

So, there are several merger possibilities here for ATEG. Dr. Gary Fromm is a very distinguished individual who has gained high respect in the business world. He has his foot in the door with (GE) and (GM) as well as various U.S. government agencies.

Companies not yet public in which Gary Fromm is heavily involved with include:

Neoterik (Director)
http://www.neoterik.com/default.asp

IDC Financial Publishing (Chairman and Director)
http://www.idcfp.com/index.asp

Investment Intelligence Systems Corporation
(Founder and President)

An Acquisition with one of these above companies or something larger are in my opinion what the Speculation is about with ATEG. When a MERGER does happen this stock price could easily be 10 times what it is worth today or more IMO.

You have to love these Ground Floor Opportunities!
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ATEG 14 years 7 months ago #730

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