EFGO & Good Life China - Great Merger $$$$

 

 

mit seinen Melonen .. äh, Millionen ist ja noch immer unterwegs ...

Meine Güte, Kindchen, kommst Du Dir nicht selbst ein wenig lächerlich vor ?


... es gibt Leute denen sollte man echt keine Flatrate geben ;-)  

 

 

 

 

Company Links:
http://www.goodlifechina.com
http://www.espritfinancialgroup.com
http://www.cashnow.com
http://www.cashnow.com/floridaoffice
http://www.espritfinancialgroup.com/EM2.html
http://www.atmbusiness.com
http://www.trustvault.com
http://www.cashnext.com
http://www.ifgx.com
http://goodlifechina.com/townhall/
 

so langsam wird s langweilig ...
selten so nen schlechten Push gesehen ...  

News Out!!!!! Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Memorandum of Understanding to Acquire Canden Financial Group Inc.

TORONTO, Dec 10, 2007 /PRNewswire-FirstCall via COMTEX/ -- Esprit Financial Group Inc. (EFGO.PK) www.espritfinancialgroup.com DBA Good Life China www.goodlifechina.com announced that it has signed a Memorandum of Understanding to acquire Canden Financial Group Inc. (http://candenfinancial.com) on an all stock basis. The Mina Mar Group Inc. www.minamargroup.com acted as financial advisors in the transaction.
Canden provides financing services related for the rental or lease of specialized beverage control solutions for the hotel and hospitality industries, on behalf of a Denmark manufacturer with which Canden is associated. This includes advanced beverage dispenser tracking systems that monitor, report and provide inventory control over beverage dispensing in a restaurant or bar environment.

Canden CEO Steen Elgaard advised; "We are very excited about the opportunity to access the public markets. With EFGO being a dually listed company we see strong possible growth in both the German and USA market. We have several multi-million dollar contracts on the cusp of coming to fruition. We expect to issue announcements over the next couple of quarters as we move forward with EFGO. We know that the current EFGO management and their advisors have been searching for high growth operating companies for some time now and we are delighted that they see as much potential in Canden as we do. Elgaard added; "We have been very impressed with Garr Winters and his practical, common sense approach to this acquisition."

Esprit CEO Winters noted; "We choose Canden for several reasons. One of the most important ones to me is that we were able to verify their growth and future opportunities. Secondly our CFO is also on retainer to Canden. This gave us a great level of comfort with their financials and growth projections. We feel that the Canden acquisition will provide excellent value to Esprit shareholders.

We anticipate our shareholders will be very pleased to retain EFGO shares as we move forward with Canden, in addition to the shares they will receive once Good Life is vended in to the fully reporting issuer.

I am very disappointed that the market has not yet recognized the significant increases in the Company's valuation in light of recent announcements. Good Life has achieved remarkable success to date, and we have every confidence that the chain will continue to grow at a dramatic rate.

With the Canden acquisition, we are adding another high growth company to the fold, with revenue opportunities well beyond our original capabilities when we were strictly a PayDay loan company.

This provides EFGO shareholders with ownership in two public companies that are achieving remarkable growth."

Winters added; "I'd also like to acknowledge the Mina Mar Group, who were instrumental in structuring the Canden transaction. They have shown exceptional professionalism, knowledge, patience and fairness through the process as they acted for both sides in this transaction."

The Canden acquisition is contingent upon the completion of the asset sale and uplisting of Esprit with China Good Life, which EFGO management expects to complete in the next several business days. EFGO will then move forward with the Canden business unit as the primary operating business.

Esprit management will also apply for a name change, a new CUSIP and a new ISIN number along with a new ticker symbol to reflect the change in the company's operations.

The Company will continue to issue information and updates regarding these and other transaction through a combination of its Town Hall as well as press releases as appropriate.

Mr. Winters cautioned; "It has come to our attention that there are several Investor Awareness type message boards that are harbouring our staunchest critics intent on distributing negative information and misinformation on a organized wide scale basis, including sending out unsolicited emails. These are individuals who clearly seem to have their own agenda and who seem to be relentless in their endeavours to an obsessive level, thwarting months of hard work and undermining the efforts of the Company to bring value to its shareholders. Frankly, we cannot understand their behaviour, or what purpose their endless tirades serve. I would like to take this opportunity to invite any of these critics to come forward and identify themselves to us and provide any proof they feel they have on any conspiracy theories or improper activity conducted by the Company. We are prepared to address these allegations head-on in public. In the meantime, I encourage our shareholders to visit our corporate Town Hall for regular corporate updates, and to speak to their licensed financial representative for any investment advice regarding the Company."

About Esprit Financial Group Inc.

Esprit Financial Group Inc. is a public company engaged in a diversified number of online financial services. These include: the Payday Loan Software division; Forex Trading; Advanced Electronic Funds Management; and Specialized Investment Banking and Financial Advisory Services.

About Canden Financial Group Inc.

Canden Financial Group Inc. provides financing for the lease or rental of easy-to-use and affordable profit control systems that control and monitor wait staff performance in hotel and restaurant bar settings. The systems provide protection against retail shrink from practices such as over-pouring, give-a way's or theft, as well as monitoring inventory levels to ensure an adequate supply of beverages are available as needed. The Company website can be found at: http://candenfinancial.com

Safe Harbor Statement

Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.

SOURCE Esprit Financial Group Inc.

SOURCE Esprit Financial Group



www.prnewswire.com
Copyright (C) 2007 PR Newswire. All rights reserved
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KEYWORD: Ontario
INDUSTRY KEYWORD: FIN
OTC
SUBJECT CODE: TNM
 

 

 

Great stuff from Townhall.

THis company is definitely going places and now we have stock in 2 Great growth oppts.





QUESTION:

1. Audited Financials Earlier Garr mentioned that Esprit might publish audited financials for year-end 2006 depending on how the deals in China went. Now that the merger will go through can you please tell us what your plans are for the new combined company to publish audited financials for the end of the year?

RESPONSE:


As a fully reporting company, and with a growing base of investors, we anticipate that the year end statements will be audited. We will need to ensure that the Good Life financials reflect international accounting standards, although they are not required to follow U.S GAAP (Generally Accepted Acounting Principles). QUESTION:


2. Post-merger selling of shares. Will the new company be selling shares for financing or any other reason in 2008 after the merger? RESPONSE:


The Company has negotiated a commitment for a regulation D offering to raise an initial $5 million to fund expansion. The terms are still being finalized, and will be disclosed upon signing of all of the paper work.
QUESTION: 3. EFGO buyback of GoodLife shares. In response to the earlier Town Hall question “Will Goodlife be buying back shares showing there faith in the new merger?” you responded with “Post-acquisition, EFGO plans to sell off other remaining non-core assets. Plans call for the proceeds received in these subsequent transactions by EFGO to be utilized to buy back shares.”

RESPONSE:


The intent is to use proceeds that are generated by EFGO to buy back EFGO shares
QUESTION:If EFGO and GoodLife will be separate companies how can EFGO buyback shares for GoodLife? Do you mean that EFGO will buy GoodLife shares and hold them for a period of time?

RESPONSE:


Actually, EFGO will buy back shares of EFGO with proceeds from the sales.


Permalink Comments

Value of mergerPosted in Uncategorized at 3:39 am by Bigdogs

QUESTION:

Can you please help shareholders realize what the current market cap is of Goodlife?

RESPONSE:

The market cap is determined by the total number of shares outstanding multiplied by the price per share, and is thus determined by the investment community. We can noted that Good Life has a current run rate in excess of $100 million USD, and business plans for 2007 called for a net income of $2.29 million USD. We are advised that the Company is ahead of plan, and we will provide updates as they are received. It is reasonable to speculate that the current share prices of EFGO have not yet reflected the incremental value associated with Good Life.QUESTION:

Also can you attach a PE to it with the growth rates that Goodlife is doing right now and give us a good idea what this might open at with regards to market cap?RESPONSE:

That is another tough question. A typical multipe of a mid-pack, stable company is often in the 15 range. When you consider the growth rate of Good Life, looking to move from 1,600 to 4,000 locations by 2008, (on a franchise basis which limits company exposure to undue risk), and agressive plans to expand its portfolio of products, we would not be surprised to see a multiple much higher than that.QUESTION:

Also how do the preferred shares that Garr holds play out in the merger?RESPONSE:

There are no direct affects on either the common or preferred shares stemming from the uplisting process itself. Certainly the recapitlization required for the Fully Trading pink sheet company will not see any shareholders receiving a 1:1 exchange of shares, which would exceed the authorized capital of the new Company with which we are being acquired.QUESTION:

What is the process to determine the opening price of Goodlife with the new name change?RESPONSE:

Unfortunately, it is premature to speculate. The opening price will be determined in conjunction with our financial consultants, and may reflect changes changes in the valuation of shares leading up to the actual name change and new ticker symbol. We certainly hope that it will reflect a significant increase in value given Good Life’s tremendous growth rates and financial success to date.QUESTION:

Whats the goal of keeping EFGO and the current sharestructure.? Is it to add more assets to it in the future and sell it off at some point or what?RESPONSE:

Announcements regarding this point will be forthcoming as early as tomorrow. Please look for more updates and press releases this week, which promises to be quite exciting.
 

Goodlife run rate in excess of 100 million dollars. Tons of value here folks and at these basement prices the sky is the limit. NExt few weeks to months should be stellar price wise.

 

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Dec 12, 2007
Pink Sheets News Service

Toronto Canada— TORONTO, Dec. 12- Esprit Financial Group Inc. (EFGO.PK) www.espritfinancialgroup.com DBA Good Life China www.goodlifechina.com is pleased to announce that it has completed the formulation of a Belize Special Purpose Company (SPC). The name of the SPC is Asia Pacific Enterprises Limited a Belize company, company # 67568. The sole purpose of the SPC is for the acquisition of Hebei Haorizi Company Ltd, a China based Company and the acquisition and the sale of assets as previously announced.

Under the Chinese law an SPC is required in order to comply with the Chinese regulations and acquisitions of any Chinese entity. The Mina Mar Group Inc. www.minamargroup.com acted as advisors to the company in this transaction and formulation.

Esprit CEO Winters noted "Everything is coming together and in a timeframe we originally estimated. The next step for us is to finish off the US paperwork in concert with the Belize SPC, and submit all of this to the reporting issuer. We have been working very close with them we do not foresee any delays in the closing of this transaction. We also expect to be in a position to close on the Canden transaction, very soon after the SPC and Hebei Haorizi is finalized. In anticipation of this we have asked Canden CEO Steen Elgaard and their team, to prepare a forward guidance outlook which we may issue prior to the closing of the Canden transaction. I believe our shareholders will be pleasantly surprised. I know this is worth repeating, soon after the closing of the asset sale and the SPC transaction, EFGO shareholders will retain all of their shares, and in addition they will receive additional stock with the reporting issuer.


About Esprit Financial Group Inc.

Esprit Financial Group Inc. is a public company engaged in a diversified number of online financial services. These include: the Payday Loan Software division; Forex Trading; Advanced Electronic Funds Management; and Specialized Investment Banking and Financial Advisory Services.
About Good Life Group Limited.
Good Life Group Limited operates a rapidly growing chain of franchised convenience stores based in Hebei Province, China. It employs advanced retail concepts such as e-commerce enabled POS/back office systems, and achieves significant economies of scale on the supply side of the business. It will be expanding geographically to neighboring Provinces, as well as offering a growing number of additional products and services, such as financial products, as it moves forward.


About Canden Financial Group Inc.

Canden Financial Group Inc. provides financing for the lease or rental of easy-to-use and affordable profit control systems that control and monitor wait staff performance in hotel and restaurant bar settings. The systems provide protection against retail shrink from practices such as over-pouring, give-a way's or theft, as well as monitoring inventory levels to ensure an adequate supply of beverages are available as needed. The Company website can be found at: http://candenfinancial.com

Safe Harbor Statement

Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.

SOURCE Esprit Financial Group Inc.
 

Esprit Financial Grouphttp://www.candenfinancial.com/script/site/default.asp

QUOTES:

EFGO.PK In the US
http://quotes.nasdaq.com/Quote.dll?symbol=EFGO&page=multi&mode=stock

Frankfurt Exchange
ticker: GZW.F
ISIN: US29666R1041
http://deutsche-boerse.com/dbag/dispatch/en/isg/...iew_Equi&wp=US....

Delayed L2 quote http://66.201.236.134/export/level2.jsp?symbol=efgo

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LATEST NEWS
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Wed, Dec 19, 2007
12:37 PM Esprit Financial Group Inc. (Esprit) (EFGO.PK) Releases Open Letter to the Shareholders from Good Life CEO - PR Newswire.
The full text of the letter can be viewed at http://goodlifechina.com/townhall/

Tue, Dec 18, 2007
6:00 AM Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Forward Guidance For Canden Financial Group Inc. - PR Newswire

Wed, Dec 12, 2007
11:01 AM Esprit Financial Group (EFGO) Announces The Formulation Of A Belize SPC Company - PR Newswire

Mon, Dec 10, 2007
6:00 AM Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Memorandum of Understanding to Acquire Canden Financial Group Inc. - PR Newswire

Fri, Dec 07, 2007
2:38 PM Esprit Financial Group Inc. (Esprit) (EFGO.PK) Launches New Brand Within PayDay Loan Division - PR Newswire
2:30 PM Esprit Financial Group Inc. (Esprit) (EFGO.PK) Launches New Brand Within PayDay Loan Division - PR Newswire
11:46 AM Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Plans for Forex Division - PR Newswire

Mon, Dec 03, 2007
9:02 AM Esprit Financial Group (EFGO) To Uplist to Fully Reporting Pink Sheet Status - PR Newswire

Wed, Nov 28, 2007
7:30 AM Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Reverse Merger with Hebei Haorizi Company Ltd, a China based Company - PR Newswire