Welcome2Pinkyland
6 years ago
The news was good. Good things happening. $UNIV:
Universal Infotainment Systems Corp. invests into Cryptocurrency mining contracts with Electrum LLC.
Universal Infotainment Systems Corp. (Pink: UNIV), is pleased to announce that the company has invested in several cyrptocurrency mining contracts with Electrum LLC.
This decision by the Board of Directors, will assure a steady monthly income for UISC both as a client of Electrum LLC through the mining contracts and revenue by providing software services to Electrum LLC through our subsidiary Stealthcom Labs BG.
George Pavlopoulos, CEO of USIC stated, Although we are proceeding with full commitment and vigor with our planned projects, along with the planned development strategies for both the UNS and Stealthcom Secure Smart Phone projects, our goal has also been that of a steady revenue thus assuring value to our shareholders. For this reason UISC has invested in a Cryptocurrency Multi Contract Agreement with Electrum LLC of AZ, U.S.A. We are also looking forward in working closely with Electrum LLC from U.S.A. to fulfill their unique Software needs for their Mining Operations
Based on the current financial trend of Crypto Currencies, UISCs mining Contracts at Electrum LLC will project steady revenue which we project will cover the monthly development costs of Stealthcom Labs in BG while the development team is rapidly moving toward the BETA version of the Secure Phone which is projected to debut by year end.
adijas
6 years ago
News out
Universal Infotainment Systems Corp. invests into Cryptocurrency mining contracts with Electrum LLC.Press Release | 06/26/2018
Universal Infotainment Systems Corp. (Pink: UNIV), is pleased to announce that the company has invested in several cyrptocurrency mining contracts with Electrum LLC.
This decision by the Board of Directors, will assure a steady monthly income for UISC both as a client of Electrum LLC through the mining contracts and revenue by providing software services to Electrum LLC through our subsidiary Stealthcom Labs BG.
George Pavlopoulos, CEO of USIC stated, Although we are proceeding with full commitment and vigor with our planned projects, along with the planned development strategies for both the UNS and Stealthcom Secure Smart Phone projects, our goal has also been that of a steady revenue thus assuring value to our shareholders. For this reason UISC has invested in a Cryptocurrency Multi Contract Agreement with Electrum LLC of AZ, U.S.A. We are also looking forward in working closely with Electrum LLC from U.S.A. to fulfill their unique Software needs for their Mining Operations
Based on the current financial trend of Crypto Currencies, UISCs mining Contracts at Electrum LLC will project steady revenue which we project will cover the monthly development costs of Stealthcom Labs in BG while the development team is rapidly moving toward the BETA version of the Secure Phone which is projected to debut by year end.
adijas
6 years ago
Starting to look interesting. Company started filing December 2017 after 8 years dormancy.
On June 7, 2016, the Company incorporated Stealth Corporation as a wholly-owned subsidiary in the State of Wyoming. The subsidiary will be responsible for the Companyβs research and development efforts.
On March 1, 2017, the Company set up a limited liability company, Stealthcom Labs BG, as a wholly-owned subsidiary in the country of Bulgaria. This subsidiary will be responsible for the Companyβs research and development efforts in Bulgaria.
https://backend.otcmarkets.com/otcapi/company/financial-report/189054/content
From website stealthcom
Moving Forward
Hello from everyone at Stealthcom Labs Sofia. We wish to announce that we have reached Stage One of the AEGIS/Stealth project and Spirits are high.
We have now begun to work toward the BETA Version of the products and we will keep you informed on our progress.?
In addition, we also are looking forward to working closely with Electrum Ltd U.S.A to fulfill their unique Software needs for their Mining Operations.
https://www.stealthcomus.com/news
So UNIV is working closely with Electrum. This is big. Electrum USA ltd is part of the Electrum group, as proves this PR from 2011: Electrum Group of Companies Announce Next Stage of Lifetime Charitable Giving
About the Electrum Group of Companies:
The privately-held Electrum Group of Companies is involved in precious metals exploration and development around the world. Members of the Electrum Group include Electrum Ltd., which holds one of the world's largest and most diversified exploration portfolios with a global portfolio of over 90 properties comprising over 1.8 million hectares in the Americas, Africa, Asia and Eastern Europe; Electrum Strategic Holdings LLC, which owns a strategic stake in Gabriel Resources Ltd., the owner of 80.5% of the Rosia Montana gold project in Romania; Electrum Strategic Resources LLC, which owns a substantial interest in NovaGold Resources Inc., which owns a 50% interest in the Donlin Creek gold deposit in Southwest Alaska and a 50% interest in the Galore Creek copper/gold/silver deposit in British Columbia; Electrum Strategic Exploration Ltd., which owns a strategic stake in Taung Gold Limited, a company with major interests in gold exploration and development projects in the Witwatersrand District of South Africa; Sunshine Silver Mines Corporation, the owner of the historic Sunshine Mine located in the Idaho Silver Valley as well as significant silver properties in Central America; Electrum Strategic Acquisitions LLC, the owner of a significant interest in Sunward Resources Ltd., a company focused on the exploration of gold/copper porphyry projects in Columbia; and Electrum USA Ltd., headquartered in Denver, Colorado, which manages the Electrum Group's exploration and development activities.
https://www.businesswire.com/news/home/20110415005762/en/Electrum-Group-Companies-Announce-Stage-Lifetime-Charitable
Electrum also has an office in Bulgaria http://www.electrum.bg/en
?So Electrum USA ltd is part of Electrum ltd, which is member of the Electrum Group. Chairman of the Electrum Group is billionaire Thomas Kaplan:
Kaplan first began investing heavily in gold in 2000. Since the sales of African Platinum and Leor in 2007, Kaplan has focused on the Electrum Group. Its exploration arm, Electrum Ltd., which he co-founded with Dr. Larry Buchanan, owns a diversified international portfolio of gold exploration assets.
https://en.wikipedia.org/wiki/Thomas_Kaplan
and
The Electrum Group
The Electrum Group is comprised of commonly-controlled companies that together hold one of the largest and most diversified portfolios of precious metals exploration projects in the world. The Electrum Group owns a diversified international portfolio of gold exploration assets, as well as significant interests in several publicly-traded companies, including NovaGold Resources Inc. and Gabriel Resources Ltd., two companies that own several of the largest proven gold resources in the world, Banro Corp., Gold Reserve Inc., Bear Creek and TintinaGold Resources Ltd.
The Electrum Group was founded by Thomas Kaplan in 2001 as an early stage gold exploration company with exploration rights on a global portfolio of more than 100 properties. The exploration company focuses on proven gold provinces, searching for deposits with more than 2-million-ounce gold potential
edwards
15 years ago
this caught my eyes
after seeing the 100m deal on the wire
after doing some basic dd, it does appear that they have their act together when it comes to filings and being forth coming with investor information
I did make a small purchase of 5k shares but sold them at about the same price due to lack of volume & interest, not holding any shares right now
Keeping this on the radar though
The 100m deal appears to be over 5 years and is also noted here:
http://www.lowriderae.com/news.htm
http://www.lowriderae.com/uis.htm
Is it legit? hard telling but 100m deal out of Dubai or UAE is probably not that big with the bucks they have over there
The products look really cool, I would like to have one ;->
The target market appears to be the high end, if they made way into the low end consumer market with the likes of garmin etc, then the interest would probably take off
definetly something to watch, and if their technology is superior and patented, could also be a buyout play imo
just watching for now until more info is released from the co.
c7bk
15 years ago
Looks like they outlined it in the filing
Most noteably this;
"The Company is in the process of attempting to raise an additional $200,000 through the sale of its common stock in a private placement offering. The offering is scheduled to run through August 31, 2009. If the offering is successful and the targeted equity goal is raised, this additional funding will permit us to sustain minimal operations until approximately May, 2010. We have no agreement, commitment or understanding to secure any such funding from any other source."
No mention of the $100M deal in the filing.