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Palm Springs Brokerage Services
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Palm Springs Brokerage Services is based in Palm Springs, California. We perform corporate advisory, due diligence and other services for our clients and companies. In addition, we specialize in bringing private companies into the publicly traded markets. We also offer Resident Agent services in the following states: Florida, Nevada, Texas, Washington and California.
Stocks on the MoveTRTNEasy to Remember: That's Right Top Notch More Information: Message Board Ground floor opportunity in a company that is truly going to be awesome: 6-25-09 Amazing News: Bottom Line: The company is now profitable. The next 10Q will reflect a completely new corporate image and balance sheet. June 25th, 2009 - 310 Holding Inc. Enters into Definitive Asset Purchase Agreement with John Bordynuik Inc Niagara Falls, ON: 310 Holdings Inc. (OTCBB:TRTN) today announced that it has entered into a definitive agreement to purchase certain assets of John Bordynuik Inc., including all of its intellectual property, its custom tape processing hardware, its Swahili data migration system, fixed assets, and its current customer base subject to certain closing conditions and adjustments. The sale is being financed with 310 Holdings Inc. restricted stock. Provided all conditions to closing are met, 310 Holdings Inc. anticipates closing this Asset Purchase Agreement on July 15, 2009. This proposed transaction will affect 310 Holdings Inc. current quarter's financials. Through the agreement, 310 Holdings Inc. is able to use the hardware to immediately service existing clients of John Bordynuik Inc. which includes processing thousands of tapes from NASA. In fact, John Bordynuik Inc. was awarded purchase orders to read tapes for NASA based on FAR 13.106(b)(1) "only one source reasonably available". John Bordynuik Inc. designed specialized hardware and software to read old computer tapes from the 1960s to present. There exist millions of tapes of seismic and earth science data with invaluable information that is inaccessible without this technology. 310 Holdings Inc. will continue to charge a flat rate fee of $22 per tape for volume data recovery migration services. None of JBI's liabilities are being assumed by 310 Holdings Inc. The fixed assets are presently valued at approximately $500,000 after depreciation. This equipment includes in excess of 15 multi-core HP servers in a cloud configuration, dozens of HP workstations, a complete 40-foot mobile data recovery container loaded with 18 tape drives and JBI technologies to read tapes off-site; another 45 customized tape drives; and other related supporting assets. In addition, there is approximately $1M in other related hardware and assets that will also be sold to 310 Holdings Inc. from John Bordynuik Inc. which are presently being inventoried and catalogued for the final purchase. This is an arms-length agreement between 310 Holdings Inc. and John Bordynuik Inc. by President and CEO John Bordynuik, who is the majority shareholder in both 310 Holdings and John Bordynuik Inc. The sale is being audited, and all relevant filings with adjusted balances will be filed on the date of closing. John Bordynuik, President and CEO of 310 Holdings Inc., said, "We expect the acquisition to have an immediate and significant impact on our financial results. This asset purchase will allow 310 Holdings to read tapes to realize the revenue of migrating data of customers' tapes at a flat rate of $22 a tape and then recycle the old tapes by using our Plastic2Oil processor. As we are currently paid by clients to recycle these tapes, this will effectively cause a negative feedstock cost into our Plastic2Oil processor. These old tapes weigh approximately 2 kg each with their plastic cover, and we believe we will be able to produce 2 liters of fuel from every recycled tape. Through this acquisition, we have approximately 50 tons of tapes to read, to migrate the data and to recycle in our Plastic2Oil processor, 20 tons immediately." Management believes an 8k will be filed on or about Friday June 26, 2009 detailing the purchase. About 310 Holdings, Inc. Katie Matkowski - Investor Relations
Statement by the CEO: I, John Bordynuik, have recently acquired 63% of 310 Holdings Inc (TRTN). I will not affect a reverse stock split of TRTN. I will not reverse merge another company into TRTN. TRTN will be in a state of transition. I expect this to occur over the next month as I hire engineers, staff, move resources, and acquire a building for TRTN. TRTN will acquire assets, technologies and companies that have great value and would be profitable if they weren't so severely overleveraged with debt, excessive staff, and other draining systems. TRTN will also monetize IP that I presently own, or IP gained from mining old data. I have a significant reputation in the magnetic media and data migration industry which I believe will benefit the shareholders of 310 Holdings Inc. I also have an excellent working relationship with NASA and many other organizations which will positively affect the integrity and opportunities of this company. In early April I participated in Harvard's Corporate Restructuring, Mergers, and Acquisitions - Creating Value in Turbulent Times. I have a new network of acquaintances who share my business views and have offered assistance. There are many opportunities in the US and I will focus our efforts in sectors that my staff and I have experience in. As always, my primary focus is to maximize shareholder value. This
can be best executed with the right new technology, assets, and talent. John Bordynuik Website: http://www.310holdings.com
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