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Sign Up & Be in the Know!! Our Stock are Making our Members $$!! BDGN,GSIG,KNDR,THRR,GNAS,LGBD(M2 PressWIRE Via Acquire Media NewsEdge) STOCK MARKETING INC PRESENTS : (PINKSHEETS: BDGN) Budget Center Inc., (PINKSHEETS: GSIG) GSI Group, Inc., (PINKSHEETS: KNDR) Kender Energy, Inc., (PINKSHEETS: THRR) Thresher Industries, Inc., (PINKSHEETS: GNAS) Ganas Corp., (OTCBB: LGBD) Legacy Brands Holding Inc. www.StockMarketingInc.com To sign up for our free Profiles & Alerts :: visit http://www.StockMarketingInc.com email us!! [email protected] or call 1-866-583-8960 ------------------------------------------------------------------------------------------------------------------------------------------------------------ (PINKSHEETS: BDGN - Budget Center Inc.) LATEST NEWS!! Budget Center Announces Corporate Update LAS VEGAS, Nov 20, 2009 -- Budget Center Inc. (Pink Sheets: BDGN) is pleased to announce that it has successfully completed the acquisition of 15 undeveloped "budget" category Universal Resource Locators (URLs) in the online travel and related industries. These URLs include such highly relevant "budget" brand domains as: www.budgethotels.com, www.budgetairlines.com, www.budgetresorts.com, www.budgetentertainment.com, www.budgetravel.com, www.budgetskiing.com. The domain www.budgethotels.com is ranked No. 1 in its category by Google. Leading economists are now saying that the current economic downturn is forcing a lasting return to a culture of thrift, which will provide a favorable ongoing environment for the growth and development of Budget Center. The online travel industry is immense with revenues in excess of $100 billion annually. According to Forrester Research, travel spending is expected to rebound starting in 2010 and continue upward through 2013. For online travel, the future outlook is very bright. Online leisure, unmanaged business, and managed business travel spending is expected to increase from $111 billion in 2008 to $117 billion in 2009 and reach $158 billion by 2013. While the industry is currently dominated by well-known companies such as Expedia, Travelocity and Priceline, there exists an opportunity for Budget Center to establish a highly profitable brand focusing on the growing number of "budget" travelers worldwide. Budget Center management is currently in discussions with a number of parties who have the financial and operational background necessary to enable Budget Center to maximize its revenue potential. President and CEO Bob Chalmers commented, "We look forward to providing our shareholders with continued updates on our corporate progress as we go forward. We believe that the company is positioned for exciting growth and that the 'Budget' brand will attract a growing number of consumers." ------------------------------------------------------------------------------------------------------------------------------------------------------------ (PINKSHEETS: GSIG - GSI Group, Inc.) LATEST NEWS!! GSI Group Finalizes Agreement With Noteholders to Significantly Reduce Its Debt --- To Implement Pre-Arranged Debt-for-Equity Restructuring, Three Corporate Entities File for Chapter 11 Reorganization--- Operations will continue in normal course--- Company has ample liquidity BEDFORD, Mass., Nov 20, 2009 -- GSI Group Inc. (GSIG.PK) today announced that it has finalized an agreement with a majority of its noteholders on a restructuring plan that will enable the Company to significantly reduce its outstanding debt, enhance liquidity and position the Company for future growth. Under the terms of the agreement, substantially based on the term sheet announced on June 30, 2009, the Company will exchange its $210 million principal amount of 11% Senior Notes for (a) a new $95 million secured loan due August 2014 and (b) common stock representing approximately 74.3% of the Company's post-consummation equity ownership. The Company has entered into a plan support agreement with beneficial owners holding more than 81% of the outstanding aggregate principal amount of the 11% Senior Notes and representing more than 70% of all noteholders. Funds affiliated with Goldman Sachs Asset Management, Tennenbaum Capital Partners, LLC and Highbridge Capital Management, LLC together are expected to own the majority of the equity of the reorganized company. Following consummation of the restructuring plan, GSI will reduce its debt to third parties by $115 million, from $210 million today to $95 million. The restructuring will significantly reduce the Company's interest cost, and no principal payments will be required for four years. To implement the pre-arranged restructuring, three of GSI's corporate entities -- GSI Group Inc., the parent Canadian holding company; GSI Group Corporation; and MES International, Inc., a non-operating subsidiary of GSI Group Corporation -- have filed voluntary petitions for Chapter 11 reorganization under the U.S. Bankruptcy Code in U.S. Bankruptcy Court in Wilmington, Delaware. No other subsidiaries and no subsidiaries outside of North America are included in the filing. Going forward, GSI's operating subsidiaries will continue to pay all vendors, suppliers, employees and other obligations in the ordinary course of business unaffected by the filings. "We are very pleased to have finalized a plan that will allow us to substantially reduce our debt and put GSI in a stronger, financially healthier position for the future," said Sergio Edelstein, Chief Executive Officer of GSI. "While GSI's debt has to be restructured as a result of the protracted economic downturn, the Company remains operationally strong with adequate cash on hand to meet its operational needs." "We are confident that going into this reorganization process with a pre-agreed upon plan with our noteholders and adequate liquidity will enable us to implement our restructuring in an efficient and timely manner. With an appropriately sized capital structure to support our leading market positions, strong customer relationships, and industry-leading products, we believe we will be well-positioned to take advantage of business opportunities as our markets rebound." Rick Black, Chairman of the GSI Board of Directors, added, "After extensive negotiations with our bondholders and considerable efforts to identify available alternatives, the Board concluded that implementation of this pre-arranged debt-for-equity restructuring based on the current economic environment and the current circumstances facing the Company is the best alternative available to maximize the interests of all stakeholders. Following the restructuring, we believe the Company will have the capital structure it needs to grow and generate value for our shareholders." The Company fully expects to continue to operate in the normal course of business during the restructuring process. The Company plans to continue to fulfill all customer orders as usual and provide uninterrupted customer service during the restructuring process. The proposed Plan of Reorganization provides for all vendors and suppliers to be paid in full. GSI will continue to pay vendors and suppliers under normal terms in the ordinary course of business for all goods and services provided to the Company after the filing date of November 20, 2009. As of October 31, 2009, the Company had cash and cash equivalents of approximately $57 million as well as approximately $14 million of auction rate securities at fair market value, a portion of which were subsequently sold for $3 million in net cash proceeds. Under terms of the restructuring agreement, which is subject to court approval, the interest rate on the new term loan will be 12.25% and, at the Company's option, subject to the Company's compliance with a fixed charge coverage ratio defined in the indenture for the notes, will be payable in kind at a compounded rate of 13%. As part of the restructuring plan, an affiliated creditor of the Company would receive approximately 7.1% of the Company's post-consummation outstanding shares and certain other consideration. Existing shareholders would receive 18.6% of the post-consummation outstanding shares and receive warrants to purchase 10% of 110% of the post-consummation outstanding shares of the Company at an imputed price of $1.10 per share and 10% of 110% of the post-consummation outstanding shares of the Company at an imputed price of $2.00 per share. The proposed Plan of Reorganization and a related Disclosure Statement have been filed with the court and are available online at www.gsirestructuring.com. The Company also reported that it is continuing to work to complete its financial restatements and does not currently expect the Chapter 11 filing to unduly delay the financial restatement process. GSI's outside legal counsel is Wilson Sonsini Goodrich & Rosati, Professional Corporation, its legal advisor in the restructuring is Brown Rudnick LLP and its financial and restructuring advisor is CRG Partners. More information about GSI is available on the company's website at www.gsig.com. For additional information, please contact GSI Group Inc., Investor Relations, at (781) 266-5137 or [email protected]. About GSI Group Inc. GSI Group Inc. supplies precision technology to the global medical, electronics, and industrial markets and semiconductor systems. GSI Group Inc.'s common shares are quoted on Pink Sheets OTC Markets Inc. (GSIG). ------------------------------------------------------------------------------------------------------------------------------------------------------------ (PINKSHEETS: KNDR - Kender Energy, Inc.) LATEST NEWS!! Kender Energy Signs Malta LOI Agreement for 1000 Units Minimum Annually Sales Commitment for Its Solar Technology, With Markets in Over a Dozen Countries GENEVA, Nov 19, 2009 -- Kender Energy Inc. (PINKSHEETS: KNDR) today announced that it has signed a Letter of Intent (LOI) with Malta Licensing & Distribution Network S.A. (MLDN), a Maltese based international distributor with exposure into over 12 countries world-wide. The earlier discussions with Malta Licensing & Distribution Network have resulted in an increase from the original 500 units per year to 1000 units per year minimum sales, in the definitive Letter of Intent (LOI). "With distribution into North Africa, Greece, Turkey, the Middle East and the UAE the LOI agreement with Malta Licensing will accelerate our growth into these very important international markets," stated Sean Kelly, President and CEO of Kender Energy Inc. Mr. Kelly further states, "We welcome Malta Licensing and Distribution on the Kender Energy team with the goal to further populate the international world with our cutting edge solar technology." About Kender Energy Inc.: Kender Energy Inc. is a development phase company active in the field of solar energy. Its present prototypes of solar panels are being developed into a full-scale solar energy production system. The particularity of the Kender solar panel system and technology is to allow, via a closed circuit of gas (usually helium), to create a heat exchange with the sunlight and the air from the environment. The exchange generates the spinning of the helium gas in the closed circuit, propelling a turbine, which produces electricity in a 100% clean and renewable process. The system's main advantages are that it is efficient, cheap in production, and modular. The company is based near Geneva, Switzerland. Its Website is www.kendersolar.com. ------------------------------------------------------------------------------------------------------------------------------------------------------------ (PINKSHEETS: THRR - Thresher Industries, Inc.) LATEST NEWS!! Thresher Industries Receives Follow-On Order From Plant Sciences Nurseries HANFORD, Calif., Nov 20, 2009 -- Thresher Industries, Inc. (Pink Sheets: THRR), an eco-friendly manufacturer of precision recycled aluminum and advanced metal matrix composite parts, announced today that it has received a follow-on order from Plant Sciences Nurseries, who first placed an order for immediate delivery in June 2009. This follow up order is for planter wheels made from reclaimed aluminum that utilizes Thresher's exclusive "closed loop" green manufacturing process. "Industrial materials that were normally considered waste have vastly increased their utility through advanced eco-technologies such as ours," said Tom Flessner, president of Thresher Industries, Inc. "We are dedicated to helping customers like Plant Sciences Nurseries continue to realize the substantial economic and environmental benefits of our 100% recycled manufacturing." Based in Watsonville, CA, Plant Sciences Nurseries is a privately-held company and has emerged as a premier agricultural research company with a multinational clientele. The company operates from multiple departments in four main locations. About Thresher Industries, Inc. Thresher Industries, Inc. is a leading manufacturer of low carbon footprint conventional and custom machined die castings made from 100% recycled aluminum and metal matrix composites. Based in Hanford, California, the Company operates an ISO 9000-compliant, "green" foundry that integrates bio-degradable technologies and processes to lower the economic and environmental costs of production. Thresher offers full engineering support, designing, and prototype development to a variety of industries including: agriculture, aerospace, defense, transportation, and automotive in the U.S. and Europe. For more information, visit http://www.thresherindustries.com. ------------------------------------------------------------------------------------------------------------------------------------------------------------ (PINKSHEETS: GNAS - Ganas Corp.) LATEST NEWS!! Ganas Corporation Acquires Go Green USA, LLC First Major Chinese Electric SUV to Be Distributed in USA DALLAS, TX, Nov 18, 2009 -- Ganas Corporation (PINKSHEETS: GNAS) announced today the completion of its acquisition of 100% of Go Green USA LLC, the nation's premier importer and distributor of a 100% Electric Sport Utility Vehicle (SUV) with a range of up to 250 miles on a single charge and a top speed of 70 MPH. Ganas Corporation will change its name to Green Automotive Company Inc. in connection with such acquisition. Green Automotive Company will be the sole North American distributor for the all new Zotye all Electric SUV manufactured in China by Zotye International Holding Company (www.zotye.com/en). Green Automotive Company was formed to take advantage of the need for "Green" environmentally sound car alternatives. As the price of oil continues to rise, the demand for high-quality, environmentally friendly and fuel-efficient vehicles will dramatically increase. The 2010 Zotye EV-100 is a Chinese manufactured vehicle that is an all electric SUV and offers unprecedented and affordable pricing at a time when the economy is reducing disposable consumer income. At a Manufacturer Suggested Retail Price (MSRP) of $29,995, Green Automotive Company will provide the first major Electric Vehicle for all purpose use. Distribution of this highly efficient and affordable SUV is part of the plan of bringing creative products to market and matching them with consumer needs. Green Automotive Company will capitalize on the US trend towards eco-friendly ultra-efficient electric powered cars representing Zotye International Holding Company. The Zotye Electric SUV Vehicle has: A/C & Heat, Power windows/Power locks, DVD Audio System, Integrated electric system monitoring screen (Monitor battery status, vehicle speed, charging status, Regular On Board Charging (front) and fast charging port (right side), Automatic transmission (8:1 ratio), Five Door 4 seats Electric SUV (Lithium Ion Battery) Max Speed: up to 70 mph, with a range of up to 250 miles). The Vehicle also comes with a 185,000 Mile Warranty Steven Fly, Chairman/CEO, stated, "This is a great time for our company and the thousands of consumers that have been demanding quality Electric Cars. We have a great strategic partnership with the manufacturer, a terrific distribution plan with dealers Nationwide and one of the best management teams in the industry consisting of dedicated and talented auto industry execs. We have an aggressive plan for sales and look forward to building a large and successful company." The Vehicles will be sold Nationwide through an exclusive authorized dealer network with complete back up, support and warranty from the factory. Dealers will have exclusive territories and minimum annual production and sales quotas. The first SUV is expected to arrive in Los Angeles in January 2010 with a National Press tour as the SUV travels from Coast-to-Coast on a 100% electric ride. Green Automotive Company will provide Dealers with the first all purpose Zotye Electric SUV in the United States and offer exceptional value to the consumers while offering a robust and highly strategic market position for our Dealer Clients. Zotye International was established on January 14, 2005, and is a subsidiary of Zotye Holding Group. Zotye International is a foreign trade company and manufactures the all NEW ELECTRIC ZOTYE SUV. Zotye International has been striving for distribution of these all electric cars in the international market such as North America, Africa, East Europe, and other areas of the world as a basis to create a demand for electric vehicles. Zotye has established sales and after-sales service networks in more than 10 countries. Zotye International manufactures The Electric Zotye automobile as well as vehicles like motor cycles, auto parts and relevant accessories, castings, forgings, and other mechanical and electrical products. Zotye is also involved in technological advancements, joint capital cooperative trade, compensate trade, certificate trade, autos and other parts. About Green Automotive Company Inc: Green Automotive Company Inc. is a Delaware Corporation that is involved in the import/distribution of Electric Cars/SUVs to North America. ------------------------------------------------------------------------------------------------------------------------------------------------------------ (OTCBB: LGBD - Legacy Brands Holding Inc.) LATEST NEWS!! Legacy Brands Holding, Inc. Announces New Trading Symbol INDIANAPOLIS, Nov 20, 2009 -- Legacy Brands Holding, Inc. (OTC Bulletin Board: LGBD) today announced its new trading symbol (LGBD) supporting its previously announced name change. The new name and symbol support Legacy's new business plan to develop a vertically integrated and horizontally focused holding company that through future acquisitions will offer a full line of products in the sports fishing equipment and supplies industry. Legacy will implement its business plan through strategic acquisitions, unique product development, key alliances, and exclusive distribution rights. Legacy recently changed its name to Legacy Brands Holding, Inc. from Global TransNet Corp. with the state of Florida where it is incorporated. At the time of the name change, Legacy also affected a stock split of 1 for 300 shares of all of its issued and outstanding common stock with a record date of November 15, 2009. Prior to the issuance of the new symbol (LGBD) today, Legacy was trading under its previous name of Global TransNet Corp. (GBJT). All issued and outstanding shares will be adjusted as the record date. Please be patient as the markets and financial websites update their information for Legacy Brands Holding, Inc. In support of our new business plan, Legacy is moving its corporate headquarters to Indianapolis, IN. For more information, please contact Michael Heilman at 410-647-9609, email: [email protected], or visit our website (www.legacybrandsinc.com). About Legacy Brands Holding, Inc. Legacy Brands is a US publicly traded holding company (LGBD) that will be acquiring companies in the sports fishing industry. Legacy is traded OTC-BB (http://www.otcbb.com/asp/Info_Center.asp). ------------------------------------------------------------------------------------------------------------------------------------------------------------ About StockMarketingInc.com StockMarketingInc.com is a website that profiles stocks of interest. We are not licensed brokers or financial consultants. The information here is believed to be reliable, but not guaranteed to be accurate by StockMarketingInc.com. Please be advised that the information contained may or may not be complete and is solely for informational purposes only. This is not to be construed as an offer to sell, hold or the solicitation of an offer to buy. Investors are encouraged to seek opinions by their registered brokers or financial advisors after extensive due diligence is performed. ((Comments on this story may be sent to [email protected])) (c) 2009 M2 COMMUNICATIONS |