DGAP-News: Indenture Investments completes full takeover of James Denverson and signs LOI for smokefree cigarette
(firmenpresse) - Indenture Investments Ltd. / Acquisition/Letter of Intent
25.03.2010 08:05
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Indenture has made an offer for remaining shares of James Denverson
Corporation (JDC) and has reached a royalties based global marketing
agreement.
Toronto, Canada - Frankfurt, Germany; March, 25th 2010
Indenture Investments Limited ('3IV' or 'Indenture'), a holding company
located in Toronto, Canada, and traded on the Frankfurt Stock Exchange last
week announced a complete restructuring of its holdings and substantial
changes in management.
In the course of the expansion of its business divisions, Indenture will
initially concentrate on optimizing its holding structure. In order to get
full control over marketing and revenues of its majority investment in JDC,
Indenture has made an offer for the remaining 19.1% shares of JDC, held by
SWAN Group of Companies, Inc. (SWAN). The bid is akin to the previous offer
made in 2009 of 12 shares of Indenture for 1 share of JDC. The acceptance
of this offer is subject to shareholder approval of SWAN Group.
The Indenture Group has also entered into a global marketing agreement for
the James Denverson license rights for the smokefree cigarette with its 75%
owned subsidiary IP Marketing AG (IPM) which has been established in
Switzerland with strategic investors and partners.
IPM was able to sign an LOI with a Polish Group in order to develop series
production machines for the smokefree cigarette as well as to produce and
to sell the smokefree cigarette. This LOI with the Polish group of
engineers and investors ensures that the investment costs in connection
with the development of the first manufacturing production facilities for
the smokefree cigarette are not borne by JDC or Indenture. It is estimated
that this will save Indenture approx. 900.000 Euro. The production machine
has a calculated output of 600 units per minute. With future multiple
orders and free of development costs subsequent plants should costs
significantly less. As a result of these lower establishing plants we
anticipate a greater global demand for licenses. In exchange for their
contribution to the development of the first plant the Polish Group will
receive the exclusive rights for production and sale of the smokeless
cigarette within the territories of Poland, Czech Republic and the Baltic
States. These markets have significant potential due to likely new and very
restrictive anti smoking regulations. However JDC will receive royalties
for every cigarette sold. The amount royalty income per unit will take into
account the realizable market prices in each territory and is expected to
be in a range of 0.02 and 0.03 Euro per unit.
The company and its partners expect to start production and sale of the
smokeless cigarette during the fourth quarter 2010. Depending on the
marketing and sales strategy such a production machine can run on two
shifts with an output of up to 500,000 units per day. If these assumptions
prove correct it will result potential royalty income between 10,000 and
15,000 euro per day for each machines.
This core agreement which has been achieved with the Polish group reduces
Indenture's investment costs, provide technical expertise, marketing skills
and will reduce the time for the commencement of production and sales. By
integrating strategic partners JDC is on the right track to launch the
smokefree cigarette James Denverson efficiently and to integrate regional
market conditions properly.
Indenture Investments Limited:
Indenture Investments Limited, a Canadian holding company traded on the
Frankfurt Stock Exchange under the symbol '3IV', is an incubator company.
The objective of the company is to acquire innovative and sustainable
business ideas, projects or companies and support their development. The
support by Indenture will include marketing, funding, project and corporate
structuring. Once developed, Indenture will also seek to provide an exit by
a sale to an interested third party or independently listing it on an
appropriate stock exchange.
Currently the Indenture Group consists of four operating divisions that can
reciprocally support each other's aims thereby creating significant synergy
benefits in the process.
1. The Smokefree Cigarette Division (international production, marketing,
merchandising and sale under the brand name James Denverson)
2. The Entertainment Division (artist management, music, media&television, promotion)
3. The Internet Radio Division of AE American Enterprises Inc. (AE) and
S.B.N. SPA Limited (SBN)
4. The Indenture Corporate Finance Division (project and corporate
financing)
Forward-Looking Statements:
Any statements contained in this document that are not historical facts are
forward-looking statements as defined in the U.S. Private Securities
Litigation Reform Act of 1995. Words such as 'anticipate,' 'believe,'
'estimate,' 'expect,' 'forecast,' 'intend,' 'may,' 'plan,' 'project,'
'predict,' 'should' and 'will' and similar expressions as they relate to
Indenture Investments Limited are intended to identify such forward-looking
statements. Indenture Investments Limited undertakes no obligation to
publicly update or revise any forward-looking statements. All
forward-looking statements are subject to various risks and uncertainties
that could cause actual results to differ materially from expectations.
Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of their dates. Although we believe that
the beliefs, plans, expectations and intentions contained in such
statements are reasonable, there can be no assurance that such beliefs,
plans, expectations or intentions will prove to be accurate. This or any
other statements from the company or its representatives do constitute an
offer or a solicitation of an offer for the purchase or sale of any shares
or other securities of Indenture Investments Limited. There are substantial
risks associated with investing in development stage companies. Potential
investors should seek advice from a qualified financial dealer prior to
investing in Indenture Investments Limited.
Guido Abraham
investorrelations(at)indenture-group.com
www.indenture-group.co
25.03.2010 08:05 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
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Datum: 25.03.2010 - 03:05 Uhr
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