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Steroid Stocks: SteroidStocks.com Says: (OTCBB:TLLE) - (OTCBB:LBSR) - (OTCBB:DTOR) Are On Steroids!!!
Sep 03, 2010 (M2 PRESSWIRE via COMTEX) --
SteroidStocks.com Says: (OTCBB:TLLE) Teletouch Communications, Inc. ,(OTCBB:LBSR) Liberty Star Uranium & Metals Corp. and (OTCBB:DTOR) Del Toro Silver Corp. are on STEROIDS!
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About Teletouch Communications
For over 46 years, Teletouch has offered a comprehensive suite of wireless telecommunications solutions, including cellular, two-way radio, GPS-telemetry and wireless messaging. Teletouch is a leading direct Authorized Service Provider and billing agent of AT&T (NYSE: T) products and services (voice, data and entertainment) to consumers, businesses and government agencies, as well as an operator of its own two-way radio network and LTR systems in Texas. Recently, Teletouch entered into national agency and distribution agreements with Sprint (NYSE: S) and Clearwire (NASDAQ: CLWR), providers of advanced 4G cellular network services. Teletouch operates a chain of 26 retail and authorized agent stores under the "Teletouch" and "Hawk Electronics" brands, in conjunction with its direct sales force, call center operations, and various retail eCommerce websites including: www.hawkelectronics.com, www.hawkwireless.com and www.hawkexpress.com. Through its wholly owned subsidiary, Progressive Concepts, Inc., Teletouch operates a national distribution business, PCI Wholesale, primarily serving large cellular carrier agents and rural carriers, as well as auto dealers and smaller consumer electronics retailers, with product sales and support available through www.pciwholesale.com and www.pcidropship.com, among other B2B oriented websites.
Teletouch's common stock is quoted on the OTC Bulletin Board under the ticker symbol: TLLE. Additional information about the Teletouch family of companies can be found at www.teletouch.com.
New's Today
FORT WORTH, Texas, Sep 02, 2010 -- Teletouch Communications, Inc. (OTCBB: TLLE), a leading U.S. cellular services and consumer electronics provider, announced that effective September 1, 2010, the Company is now quoted on the OTC Bulletin Board electronic quotation system under the Company's current ticker symbol, "TLLE." For several years, the Company was traded on the American Stock Exchange ("AMEX"). After completing the acquisition of Progressive Concepts, Inc. in August 2006, the Company was unable to timely report its consolidated financial statements and was subsequently delisted from the AMEX in January 2007. As a result, until yesterday, the Company had been quoted only on the Pink Sheets. In December 2009, Teletouch regained currency in all of its SEC-required prior period filings. With its recently filed Report on Form 10-K for the 2010 fiscal year ended May 31st, the Company has also timely filed all of its required financial reports for a consecutive twelve month period and is therefore deemed fully current and compliant under all SEC guidelines and requirements.
"Teletouch's move to the OTCBB is one of the stated milestones we have achieved towards our structural objective to increase sustainable shareholder value. We expect that this transition to the OTCBB quotation system will provide improved trading visibility to our current and prospective shareholders, as well as enhance the overall market efficiency in the trading of our stock," stated T. A. "Kip" Hyde, Jr., President, Chief Operating Officer and Director of Teletouch. "Our stock symbol will remain TLLE while on the OTCBB, providing continuity for ongoing investor information purposes."
REMINDER: EARNINGS CONFERENCE CALL -- PRE-REGISTRATION REQUIRED:
On September 8, 2010 at 4:15 p.m. Eastern (3:15 p.m. Central), Teletouch will hold the Company's fiscal year 2010 earnings teleconference. Hosted by AT Conference, pre-registration is required. To pre-register, email information to Investors@teletouch.com, and include first, last and company name. Participants are asked to designate if analyst or shareholder, with the sponsoring institution name, as applicable. Participants will be able to listen and ask questions during the conference call by dialing a dedicated call-in number provided after registration.
For those unable to participate in the live call, a replay and transcript will be available in the Newsroom section of the Company's website www.teletouch.com after 8:00 p.m. Central time.
REMINDER: ANNUAL SHAREHOLDERS MEETING:
On August 16, 2010, the Company announced that its annual shareholders meeting is scheduled for October 25, 2010, at 1:00 p.m. Central, to be held in Fort Worth, Texas at The Ashton Hotel, 610 Main Street, Fort Worth in the Winfree Ballroom. Shareholders of record as of August 30, 2010 (Record Date) will be mailed their proxy materials and annual reports on or about September 20, 2010, subsequent to the filing of the Company's Definitive Proxy Statement on Form DEF14A, on or about September 16, 2010.
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About Liberty Star Uranium & Metals Corp.
Liberty Star Uranium & Metals Corp.
5610 E. Sutler Lane Tucson, AZ 85712 Phone: 520-731-8786
News Today:
TUCSON, Ariz., Sep 02, 2010 -- Liberty Star Uranium & Metals Corp. (OTCBB:LBSR) announces that on August 26, 2010, Platinum Long Term Growth VI LLC and Alpha Capital Anstalt, two former lenders of the Company (the "Plaintiffs"), filed lawsuit in the United States District Court, Southern District of New York, against the Company and James Briscoe, (President and CEO). The Plaintiffs are seeking to require the Company to honor outstanding warrants held by the Plaintiffs at an exercise price of $0.002 (two tenths of one cent) per share and to issue to the Plaintiffs ten times the number of warrants that the Company has on record, or in the alternative money damages. The claim is based on a provision in the warrant agreements that would permit a "ratchet down" of price and a multiplication of number of warrants in the event of certain share issuances by Liberty Star Uranium & Metals Corp.
The Plaintiffs are claiming that Platinum is entitled to 201,053,015 warrants and that Alpha is entitled to 240,919,010 warrants all exercisable at $0.002 per share. If the Plaintiffs are successful in their lawsuit, a total of 589,177,000 warrants would be outstanding at an exercise price of $0.002 to all warrant holders who are former lenders to our company. These warrants all contain a cashless exercise feature, permitting issuance of shares without payment of any cash to the company. The Plaintiffs are also claiming money damages for non-compliance with what they claim are the terms of the warrants, costs and attorney fees incurred in the action.
Currently, there are 434,784,657 common shares of Liberty Star outstanding. If the warrant holders are successful in their lawsuit, they and other warrant holders could exercise warrants for over 55% of the company's equity at a price of $0.002 per share. However, there are contractual limits on the percentage of the company's outstanding common shares which any warrant holder can hold at the time of exercise (i.e., not more than 9.99% of the company's outstanding shares), so individually none of them could control the company through the exercise of warrants.
We are vigorously defending against the lawsuit and have through our attorney made an appearance in court. Our defense is, in part, that no "ratchet down" provision is in effect. If we are successful on that defense alone that would leave all former lender warrant holders with 58,917,700 warrants exercisable at $0.02 (two cents) per share.
Declares James Briscoe, "This lawsuit makes no sense to me. Until this matter is settled or decided by a court, we won't allow the exercise of any Plaintiffs' warrants. If the Plaintiffs eventually win, the dilutive effect on the company will likely seriously harm our share value, drastically reducing the value of the Plaintiffs' warrants. We intend to use every defense possible to defeat these claims."
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About Del Toro Silver Corp.
Del Toro Silver is a dynamic exploration company focused on mining exploration of base and precious metal deposits in northern Mexico. The Company's Dos Naciones property is NI43-101 compliant with historic production in numerous areas. The Company continues to advance past work completed by the previous owner, Penoles, to further its Phase I drill program.
News Today:
VANCOUVER, BRITISH COLUMBIA, Sep 2, 2010 -- Del Toro Silver Corp. (OTCBB:DTOR) ("Del Toro" or the "Company") is pleased to announce that Mr. Rick Tschauder, P. Geo, has become a director of the Company.
Mr. Tschauder is the Vice President and COO of Bueno de Oro, Inc., a private geological management company specializing in project management services in Mexico. Mr. Tschauder has over 30 years of mining and exploration experience. He was the former chief geologist of Hecla Mining for 15 years where he was instrumental in the development of the Golden Promise deposit. For the past 15 years, Mr. Tschauder has been an independent consultant, publishing over 25 articles on mining and economic geology together with serving a Director-General for several Mexican subsidiary companies.
Mark McLeary, President of the Company states, "We are very fortunate to have Rick join our team. His wealth of experience in mining exploration in Mexico will be invaluable to the growth of Del Toro".
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About SteroidStocks.com
SteroidStocks.com is written and published by SteroidStocks.com employees. Readers are advised that this analysis report is issued solely for informational purposes. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a representation by the publisher nor a solicitation of the purchase or sale of any securities. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. The owner, publisher, editor and their associates are not responsible for errors and omissions. They may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. SteroidStocks.com encourages readers and investors to supplement the information in these reports with independent research and other professional advice. For additional information, please visit www.steroidstocks.com or e-mail info@steroidstocks.com.
CONTACT: SteroidStocks.com
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