Showing posts with label 21ventures. Show all posts
Showing posts with label 21ventures. Show all posts

Sunday, November 16, 2008

David Anthony joins board of 3GSolar

Vesta Capital Corp. (TSXV:VES.P)
Announces the Signing of a Letter of
Intent for Its Proposed Qualifying
Transaction
TORONTO, ONTARIO--(Marketwire - Nov. 10, 2008) - Vesta Capital Corp. ("Vesta")
(TSX VENTURE:VES.P) is pleased to announce that on October 30, 2008, it entered into
a letter of intent ("LOI") with 3GSolar, Ltd. ("3G"). The LOI provides that Vesta will
enter into a share exchange transaction with each of 3G's shareholders, which will result
in 3G becoming a wholly-owned subsidiary of Vesta (the "Transaction"). The
Transaction is intended to constitute Vesta's "qualifying transaction" under TSX Venture
Exchange ("TSXV") policies. If the Transaction it successfully completed, it is believed
that 3G would be the first Israel-based business listed on a Canadian stock exchange. click to read the full article.

Tuesday, November 11, 2008

Vesta Capital Corp signs letter of intent with 3GSolar

Vesta Capital Corp. (TSXV:VES.P) Announces the Signing of a Letter of Intent for Its Proposed Qualifying Transaction

TORONTO, ONTARIO--(Marketwire - Nov. 10, 2008) - Vesta Capital Corp. ("Vesta") (TSX VENTURE:VES.P) is pleased to announce that on October 30, 2008, it entered into a letter of intent ("LOI") with 3GSolar, Ltd. ("3G"). The LOI provides that Vesta will enter into a share exchange transaction with each of 3G's shareholders, which will result in 3G becoming a wholly-owned subsidiary of Vesta (the "Transaction"). The Transaction is intended to constitute Vesta's "qualifying transaction" under TSX Venture Exchange ("TSXV") policies. If the Transaction it successfully completed, it is believed that 3G would be the first Israel-based business listed on a Canadian stock exchange.

About 3G

3G (formerly, Orionsolar Photovoltaics Ltd.) is a developer of dye solar cell ("DSC") photovoltaic modules. DSC technology is a cost-effective alternative to silicon and thin film-based systems, providing a low-cost solar energy solution that produces electricity efficiently even in low light conditions. 3G focuses its efforts to develop DSC modules to serve off-grid markets, mainly in developing countries where in excess of two billion people live without electricity.

3G was incorporated June 24, 2004 under the laws of the State of Israel. Its business operations are conducted through its facility in Jerusalem, Israel. Upon completion of the Transaction, it is anticipated that the resulting issuer will be classified as a research and development issuer by the TSXV.

The issued shares of 3G are owned by thirty-four (34) shareholders. Dr. Jonathan Goldstein (of Jerusalem, Israel), 3G's founder, its president and a director, owns approximately 11% of 3G's shares (fully diluted). Seventeen (17) shareholders (including three 3G employees who own less that 3% of 3G's shares, fully diluted) are individual Israel residents or Israel corporations controlled by Israel residents, who collectively own approximately 22% of 3G's shares (fully diluted). The remaining sixteen (16) shareholders own approximately 66% of 3G's shares (fully diluted). Fifteen (15) of these remaining shareholders are limited liability companies formed under the laws of Delaware (U.S.A.) and controlled by U.S. residents, and one (1) shareholder is an Ontario corporation controlled by a resident of Ontario. Other than Dr. Goldstein, the only shareholder who holds in excess of 10% of 3G's shares is DG-OSP, LLC, a Delaware (U.S.A.) limited liability company, controlled by The Quercus Trust (Newport Beach, California) which owns approximately 17% of 3G's shares (fully diluted).

To date 3G has engaged in the research and development of DSC photovoltaic technology. 3G employs seventeen (17) professionals at its facility.

3G has provided Vesta with audited financial statements (prepared in accordance with Israel auditing standards) for the years ended December 31, 2007 and 2006, which financial statements have been reconciled to Canadian GAAP (both presented in United States dollars). 3G has also provided unaudited financial statements for the 6 month period ended June 30, 2008, which financial statements are also being reconciled to Canadian standards. As at December 31 2007, 3G had total assets of USD$1,514,175 and total liabilities of USD$202,330. For the year ended December 31, 2007, 3G had a net loss of USD$967,255 of which USD$741,079 represented R&D expenditures incurred during the period. As at June 30, 2008, 3G had total assets of USD$1,293,891 and total liabilities of USD$262,390. For the 6 month period ended June 30, 2008, 3G had a net loss of USD$655,726 of which USD$289,435 represented R&D expenditures incurred during the period.

Terms of the Transaction

Vesta is proposing to issue 25,000,00 common shares to holders of 3G shares pro rata (based on the number of 3G shares held) at a deemed price of $0.40 per share, in exchange for 100% of the issued shares of 3G. Upon completion of the Transaction, Vesta will own 100% of 3G. 3G's current business (as heretofore described) will become the business of the resulting issuer.

The Transaction is subject to a number of conditions including but not limited to: (i) both 3G and Vesta completing their mutual due diligence of one another, which due diligence is to be completed within 30 days of the date of the LOI, (ii) negotiation of acceptable definitive share exchange agreement(s) (or other suitable arrangements) between Vesta and each holder of 3G shares, (iii) receipt of all required regulatory approvals (including TSXV approval as noted below), and (iv) Vesta raising sufficient additional funds which, which combined with Vesta's existing funds, will allow it to meet the TSXV's minimum listing requirements upon completion of the Transaction.


To read the full article, please go to this site, Thanks, David Anthony


I welcome any and all comments, thanks

Sunday, October 5, 2008

Cognisafe Seed Funding

October 1,2008 -

21Ventures announces investment in CogniSafe Ltd. - Anti-cheat software provider for online-games


New York, NY and Tel-Aviv, Israel, October 1, 2008 --- 21Ventures, a U.S. based venture capital firm, announced today a seed investment in CogniSafe Ltd. – an Israeli company providing real-time anti-cheat software solution for online games . The funding is earmarked for sales and marketing and ongoing product development. “CogniSafe brings an exciting new approach to solve the cheating problem in online games, a problem which causes significant losses to gaming companies and harms the players ability to enjoy the challenge and adventure of a cheat-free game environment. Just like online banking and commerce services, the online gaming industry is vulnerable to fraud and cheating, but no real time solution has been presented so far to solve the cheating problem. We believe that CogniSafe solution will become the standard in detection and prevention of cheating in online games and we are happy to be among the first to identify CogniSafe potential” said David Anthony, Managing Partner of 21Ventures. The cheating problem in online games causes game providers to remove tens of thousands of paying players every month, due to suspected cheating. The removal is usually done following a complaint from other players, or after a post mortem analysis of player's actions. In addition, a significant number of legitimate players abandon some game titles, and cease paying, when they feel they have been cheated. CogniSafe's solution enables online game providers to detect, in real time, any deviation from proper gaming procedures by the online players, and remove cheaters from participation in the game, thus makes cheating attempts futile and enables other players to continue and enjoy a cheat-free gaming experience. "There is a clear need in the market for a real-time solution that will enable the gaming companies to really understand the magnitude of the cheating phenomena, gather evidence against cheaters, and remove them from the game before they affect the gaming experience for other players ”, said Izik Shimon, CEO of CogniSafe. Izik continues "We are already engaged with several leaders in the online gaming industry, which understand the potential of increasing the integrity of their games and avoiding significant losses, by working with CogniSafe".


Want to read more? Check out some of these links...
21Ventures-Cognisafe Press Release - PDF
21Ventures Cognisafe Press Release on 21Ventures Site
Read the Cognisafe / 21Ventures article on emedia- CLICK HERE!
Cognisafe contact details
Read about Cognisafe in WiMax
Read about Cognisafe on The Individual
Gambling News about Cognisafe
Read about Cognisafe in Dow Jones Industrial
Cognisafe on Lexis Nexus
Cognisafe Microsoft Partner Page

Sunday, September 21, 2008

David Anthony of 21Ventures speaking in Memphis TN USA 2008

Hey Folks, just wanted to share one of my videos with you, of me speaking in Memphis earlier this year.

You can also watch by clicking on this link - David Anthony Speaking in Memphis


You say flutter, i say juicecaster


Hey folks, just wanted to tell you about one of the companies i invest in that now offers the cool new  flutter application for the iphone




If your an iphone user, you should check it out, 

***

If you have a blackberry, check out the

Have a good one,


Da