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Trading News Alerts' Last 3 Picks are over 475%
Here Is Our Next Hot Pick! IRV INC (OTCBB: IRVV) URGENT BUY (IRVV) AT $.60 PER SHARE! SELL TARGET $2.25 PER SHARE! Our track record shows we offer valuable research that makes a difference to our investors. We target serious gains for serious investors looking for agressive moves in undervalued situations. This Company is Making An Aquisiton! iRV, Inc. Announces Intent to Acquire Scarab Systems, Inc., Smart CardPayment Solution Provider BOULDER, Colo., Dec 13, 2001 /PRNewswire via COMTEX/ -- The Board of Directors of iRV, Inc. (OTC Bulletin Board: IRVV) is pleased to announce that the company has signed a non-binding letter of intent to acquire Scarab Systems, Inc., a privately held Nevada corporation. Scarab Systems is engaged in the distribution and sale of smart card payment systems for applications in e-commerce, banking, telecommunications, security and personal data transfer. The acquisition will proceed subject to completion of specific terms and conditions to be laid out in a definitive agreement. The transaction is also subject to the completion by Scarab Systems of a private placement and other customary conditions. Scarab Systems, Inc. has a license to provide rechargeable stored value smart cards for private label applications that the cardholder can load from a designated banking account via the Internet or via designated Automated Banking Machines (ABM). The funds can be withdrawn from most ATMs worldwide, or the stored value can be used to purchase goods and services anywhere that VISA is accepted, whether online or in brick and mortar businesses. Scarab's payment solutions operate on existing network infrastructures. Unlike many other smart card systems, Scarab's program uses existing processing and billing platforms and encryption technology, which work with existing POS and ATM systems. This technology helps eliminate the usual cost-prohibitive infrastructure required to set up a smart card program. "Scarab Systems licensed technology provides exciting prospects for innovative payment solutions that we feel represent a valuable contribution in iRV's strategy of expanding its technological asset base. The acquisition of Scarab represents a critical step in the process of implementing technologies that deliver recurring revenue," stated Clifford C. Thygesen, President of iRV, Inc. "The public market allows the investment community the opportunity to share in the exciting growth that Scarab Systems and the smart card industry is experiencing. The revised corporate structure will help accelerate the rollout of Scarab's payment system technologies," stated Thomas Mills, President of Scarab Systems. The smart card industry continues to experience tremendous growth. Each year card sales continue to set records, as the market is poised for enormous prosperity in the new millennium. Smart card sales at $274 Million in 1996 are estimated to be $5 Billion in 2003 (Frost & Sullivan). It is estimated that the industry as a whole will continue to grow at a rate between 30% and 50% annually for the foreseeable future (SBJ Research). Safe Harbor Statement: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in iRV Inc. filings with the United States Securities and Exchange Commission IMPORTANT NOTICE AND DISCLAIMER: The purpose of this advertisement, like any advertising, is to provide coverage and publicity for the advertising company, its products or services. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country. Verify all claims and do your own due diligence. This advertisement is not a solicitation or recommendation to buy, sell or hold securities and does not provide an analysis of the financial position of the company. We recommend you use the information found in this advertisement as an initial starting point for conducting your own research on the advertised company in order to determine your own personal opinion of the company before investing. All information concerning the advertised company contained herein should be verified independently by an attorney, with such company and an independent licensed securities analyst. We are not offering securities for sale. An offer to buy or sell can be made only with accompanying disclosure documents and only in the states and provinces for which they are approved. Many states have established rules requiring the approval of a security by a state security administrator. Check with http://www.nasaa.org and call your state security administrator to determine whether a particular security is licensed for sale in your state. Many companies have information filed with state securities regulators and many will supply investors with additional information on request. All statements and opinions contained in this advertisement are the sole opinion of the authors and are subject to change without notice. We are not liable for any investment decisions by our readers. Readers should independently investigate and fully understand all risks before investing. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser or broker prior to completing any such purchase or sale decision. We are not registered investment advisers, or broker-dealers, or members of any financial regulatory bodies. The information contained in this advertisement is provided as an information service only. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. We disclaim any and all liability as to the completeness or accuracy of the information and for any omissions of material facts. This advertisement may contain hyperlinks to web sites operated by third parties other than us. Such hyperlinks are provided for the reader's reference and convenience only. We are not responsible for the reliability of these external sites nor are we responsible for any of the contents, advertising, products, or other materials on such external sites. Our inclusion of hyperlinks to such web sites does not imply any endorsement of the material on such web sites or any association with their operators. Under no circumstances shall we be held responsible or liable, directly or indirectly, for any loss or damage caused or alleged to have been caused in connection with the use of or reliance on any content, goods, or services available on such external site. Any concerns regarding any external link should be directed to its respective site administrator or webmaster. We may refer to other sources of information, or other commentary. We intend to offer these items to readers as additional sources of information, but disclaim any implication that we endorse information contained in such outside sources. Any referral by us is no guarantee of the accuracy of any information provided by outside sources. As we disclaim any representation concerning source reliability, readers must contact information suppliers on their own and gauge to the reader's satisfaction the truthfulness of any source information. It should be understood that there is no guarantee past performance will be indicative of future results. Any reference to past performance(s) of companies previously advertised are specially selected to be referenced based on the favorable performance of these companies and the companies referenced may not be representative of all past advertised companies as not all past advertised companies may have performed as well. Readers are cautioned that small and micro-cap stocks are high-risk investments and that they may lose all or a portion of their investment if they make a purchase in our advertised stocks. In order to be in full compliance with the U.S. Securities Act of 1933, Section 17(b), the publisher of this report,is receiving 200,000 shares of RESTRICTED STOCK of Irv Inc. as compensation for the distribution of this and other advertisements. Since we have received compensation and hold stock in the advertised company there is an inherent conflict of interest in our statements and opinions and such statements and opinions cannot be considered independent. We will benefit from any increase in share price of the advertised company. We will sell our shares at any time, without notice, be that before, during or immediately after the release of this advertisement. The liquidation of our stock may have a negative impact on the securities of the company liquidated, including decreased market value and/or dilution of the company's securities. Furthermore, our associates and/or employees and/or principals may have stock positions in advertised companies purchased in the open market or in private transactions. These positions may be liquidated, without prior notification, even after we have made positive comments regarding the advertised company. It should be understood that any price targets and/or projections mentioned are solely opinions and should not be taken as suggested holding periods. In fact, we will sell our positions in any companies advertised before they reach such target prices. The receipt of this information constitutes your acceptance of these terms and conditions. Reading this advertisement shall not create under any circumstances an offer to buy or sell stock in any company advertised. Nor shall it create any principal-agent relationship between the reader and us. The stocks of advertised companies may trade in fast moving, highly volatile markets, and any reader should observe the trading behavior of any advertised company prior to investing. Advertised stocks are often thinly traded and large sell orders will have a substantially negative impact on share price. Investors in advertised stocks may experience difficulty in selling shares without seeing a decline in market price and may have difficulty in finding ready buyers of their stock. Information within this advertisement contains "forward looking" statements within the meaning of Section 27(a) of the U.S. Securities Act of 1933 and Section 21(e) of the U.S. Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts and may be forward looking statements. Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of words such as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could or might occur. We encourage our readers to invest carefully and read the investor information available at the web sites of the U.S. Securities and Exchange Commission (SEC) at http://www.sec.gov and the National Association of Securities Dealers (NASD) at http://www.nasd.com. We also strongly recommend that you read the SEC advisory to investors concerning Internet Stock Fraud, which can be found at http://www.sec.gov/consumer/cyberfr.htm. The NASD has published information on how to invest carefully at its web site. Readers can review all public filings by companies at the SEC s EDGAR page. All information within this advertisement is qualified in its entirety by the detailed information and financial statements of the advertised company contained in its regulatory filings with the SEC. [2637WoIa4-@9]
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