** Past Successful Reverse Mergers: ATGR (ATEG)
ATGR (Was ATEG)
1. Sep.13,2005 ATEG shell files an 8K describing an acquisition of North Texas Steel Company for $11,000,000. Stock soared from $0.004 to $0.057, or 1200% on Sep.14,2005. This, despite a line in the 8K that mentions a 10,000:1 reverse split, and raising a/s to 15 billion.
2. Dec.5,2005 – ATEG to ATGR, 1:300 r/s. New o/s 10.4 million
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On September 7, 2005, ATG, through a newly formed wholly owned subsidiary, Omaha Holdings Corp. ("Omaha"), entered into a Share Purchase Agreement ("Agreement") with the stockholders of North Texas Steel Company, Inc. ("North Texas"), a privately-held company. Effective with the Agreement, all previously outstanding common stock owned by North Texas's shareholders was exchanged for $11,000,000.
The transaction is accounted for using the purchase method of accounting in accordance with SFAS No.141, "Business Combinations." The results of operations for North Texas have been included in the unaudited condensed consolidated statements of operations since the date of acquisition.
North Texas fabricates structural steel from two locations in Fort Worth, Texas. It contracts with and grants credit to customers in the southwest.
North Texas provides fabrication and detailing of structural steel components for commercial buildings, office buildings, convention centers, sports arenas, airports, schools, churches and bridges. Customers are general construction contractors, who build projects for owners, developers and government agencies. North Texas sells to large general contractors. The North Texas customer list includes contractors in northern Texas, such as Austin Commercial, Inc., Thomas S. Byrne, Inc and Hensel Phe1ps. North Texas also works closely over the years with engineering firms such as Carter Burgess, Inc., HKS, Inc. and Freese & Nichols. Past North Texas projects include The American Airlines Center, DFW Airport expansion, Dallas Convention Center expansion, the sky boxes (suites) in the Texas Stadium, bridges over the 1-35/1-20 Interchange in Fort Worth, Texas, and the People Mover at DFW Airport. During the fiscal year ended July 31, 2006, North Texas's projects included Dallas Market Center Expansion, Advanced Micro Devices Office Complex, LCRA Redbud Center, Almetris Duren Residence Hall / University of Texas, Samsung C.U.B. and Brewer High School/WSISD.
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From 8K filed on Sep.13, 2005:
4A. Right to Convert. Subject to the Company authorizing a sufficient number of shares of Common Stock and effecting a reverse stock split pursuant to which each 10,000 shares of Common Stock shall be reconstituted as one share and/or the Company filing a certificate of amendment to the Company's certificate of incorporation increasing its authorized shares of common stock to 15,000,000,000 and subject to the
terms and conditions of this paragraph 4A,
