EQLB, TNDM, ARJ, CRWEWallstreet.com Stock to Highlight! September 9th 2010
The convenience of convenience!
Terrible Herbst now a distribution center for EQ energy drink’s, convenience stores are located in Chevron gas stations with point of purchase advertising displays. As a result of the closing of this deal with Terrible Herbst, EQ Labs will also receive point of purchase advertising at over 100 stores.
Mo Owens, Chief Executive Officer of EQ Labs, stated, “This order is confirmation of the popularity of EQ. We have spent a lot of time and energy building our brand. This order provides the economic benefit of a large order. In addition, the advertising opportunity and the desired location of many of Terrible Herbst’s locations will place our product line in front of millions of potential customers. “
This visibility is worth how much?
About Today Press release:
EQ Labs Inks Agreement for Large Purchase Order to Place EQ Energy Drink in Major Convenience Store Chain!
EQ Labs, Inc. (EQLB.PK) closed a deal with Terrible Herbst Corporation to place EQ Energy Drink in 108 Terrible Herbst convenience stores effective immediately, today. EQ Labs expects to receive a large commercial order for its energy drink to stock all 108 Terrible Herbst stores within the next 30 days.
Terrible Herbst Corporation owns and operates gas stations and convenience stores in Nevada, California, Utah and Arizona. It also engages in operating car wash facilities, casinos, hotels, parks, slot routes, and motor sports, as well as in car lube and detail operations. The company was founded in 1937 and is based in Las Vegas, Nevada.
Many of the Terrible Herbst convenience stores are located in Chevron gas stations with point of purchase advertising displays. As a result of the closing of this deal with Terrible Herbst, EQ Labs will also receive point of purchase advertising at over 100 stores.
Mo Owens, Chief Executive Officer of EQ Labs, stated, “This order is confirmation of the popularity of EQ. We have spent a lot of time and energy building our brand. This order provides the economic benefit of a large order. In addition, the advertising opportunity and the desired location of many of Terrible Herbst’s locations will place our product line in front of millions of potential customers. This deal would not be possible without the help of Mark Walters and Rio Valentino. Mark Walters, Director of Merchandising and Sales for Terrible Herbst is an expert in the sales and merchandising business. We are also consummating a relationship with a major distributor as a result of Mark’s extensive relationships. I also can’t forget Rio Valentino, our Vice President of Sales. Rio’s persistence and skills is one of the biggest reasons why are sales are beginning to accelerate and we hope to make many more announcements like this one over the near future. This is a very big moment for our company.
More about EQLB at: www.drinkeq.com
Keep your eyes on EQLB and be ready for possible pop!
Neutral Tandem, Inc. (Nasdaq:TNDM), a leading provider of interconnection services, announced today it has entered into an agreement to acquire Tinet SpA, an Italian based global carrier exclusively committed to the IP Transit and Ethernet wholesale market. To acquire Tinet, Neutral Tandem will pay cash consideration of approximately 74.5 million euros (approximately $94.9 million), which reflects certain purchase price adjustments, the assumption of approximately 5.2 million euros in cash (approximately $6.6 million) and the assumption of approximately 18.2 million euros in long-term debt (approximately $23.2 million), which will be paid off at closing1. The combination will immediately expand Neutral Tandem’s IP-based network internationally, enabling global end-to-end delivery of wholesale Voice, IP and Ethernet solutions. The acquisition, to be financed by cash from Neutral Tandem’s balance sheet, is subject to various standard closing conditions and is expected to close during the fourth quarter of 2010. After closing, Tinet will be a wholly owned subsidiary of Neutral Tandem.
“This acquisition redefines Neutral Tandem from a strictly voice interconnection company into a global IP-based network services company focused on delivering global connectivity for a variety of media, including voice, data and video,” said Rian Wren, President and CEO of Neutral Tandem. “Furthermore, the integration of Tinet’s global IP backbone will help accelerate and expand Neutral Tandem’s and Tinet’s Ethernet services. This combination will take our Ethernet eXchange service global and will position us for delivering cost-effective wholesale Ethernet interconnectivity solutions end-to-end.”
More about TNDM at: www.neutraltandem.com
Arch Chemicals, Inc. (NYSE:ARJ) announced that it entered into an agreement with certain institutional investors providing for a private placement of $250 million aggregate principal amount of 4.0% unsecured senior notes due December 31, 2017. The Company issued $125 million principal amount of the notes at closing and the remaining $125 million of notes will be issued on or before December 31, 2010 subject to customary closing conditions. Proceeds from the issuance of the notes will be used for general corporate purposes, including the repayment of the $80 million outstanding on its term loan facility.
Arch Chemicals’ Senior Vice President and CFO Steven C. Giuliano said: “We’re extremely pleased to have completed this new financing agreement. It provides us with a long-term source of funding at a historically-attractive interest rate and provides additional liquidity well in advance of the maturity of our primary bank credit facilities in June 2011. This private placement of seven-year 4.0% notes further strengthens our balance sheet, provides us with additional financial flexibility and enhances our capability to support the long-term, profitable growth prospects in our core Biocides businesses.”
More about ARJ at: www.archchemicals.com
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