American Friends of Guinea to Begin Accepting Tax Deductible Donations.HOUSTON -- American Friends of Guinea announced today that it has filed an "Application for Recognition of Exemption" - Form 1023 with the Internal Revenue Service with a request for accelerated approval due to pending donations. On March 6, 2006, it was announced that a new U.S.-based organization named "American Friends of Guinea" (AFG AFG Afghanistan (international vehicle registration) AFG American Financial Group AFG Assistance to Firefighters Grant AFG Arbeitsförderungsgesetz (German: Labor Advancement Law) AFG Accreditation for Growth ) was chartered by Kent Watts, the chairman and chief executive for Hyperdynamics Corp. (AMEX AMEX See: American Stock Exchange :HDY HDY Hat Yai, Thailand (Airport Code) HDY Handy (German slang for mobile phone) HDY Heavy Duty ). Hyperdynamics has a very large oil and gas concession offshore the Republic of Guinea, West Africa West Africa A region of western Africa between the Sahara Desert and the Gulf of Guinea. It was largely controlled by colonial powers until the 20th century. West African adj. & n. . In the last seven months, Watts has been to Guinea three times on Hyperdynamics' business. While in Guinea, the need for help was clear, and the vision for AFG was born. The goal of the new non-profit is to fund medical aid and infrastructure to help improve the quality of medical care for the people living in Guinea. When the company was chartered in March, AFG received a seed donation commitment of 87,715 shares of Hyperdynamics' common stock. Work has now been completed to allow AFG to establish asset accounts, and now with the federal exemption application filed, the new non-profit is prepared to receive tax deductible donations as early as next month. Watts stated, "The infant mortality rate infant mortality rate n. The ratio of the number of deaths in the first year of life to the number of live births occurring in the same population during the same period of time. in Guinea is 9%, and the life expectancy Life Expectancy 1. The age until which a person is expected to live. 2. The remaining number of years an individual is expected to live, based on IRS issued life expectancy tables. at birth is 49.5 years for the total population. As a native of Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the , with our world-famous Texas Medical Center and its internationally reaching mission, it seems there must be a logical way to first enhance, improve and then help build Guinea's health care system. During my recent trips, I estimated that a direct flight from Houston to Guinea straight across the Atlantic should not take more than eight hours. This compares to 23 hours minimum, with a stop and plane change in Europe. Until we can help our friends in Guinea to build up their own health care system, I would like to see a direct flight lifeline to Houston for critical situations and advanced treatments." About American Friends of Guinea American Friends of Guinea (AFG) is a non-profit organization in Sugar Land, Texas, with a pending exemption under Internal Revenue Code The Internal Revenue Code is the body of law that codifies all federal tax laws, including income, estate, gift, excise, alcohol, tobacco, and employment taxes. These laws constitute title 26 of the U.S. Code (26 U.S.C.A. § 1 et seq. Section 501(c)(3). AFG was established to raise funds from people living in the United States to be used for medical aid grants for improving the quality of medical care for citizens in the country of the Republic of Guinea, located in West Africa.
DONATIONS may be made out to:
American Friends of Guinea
Attn: Kent Watts
One Sugar Creek Center Blvd.
Suite 125
Sugar Land, TX 77478
About Hyperdynamics Hyperdynamics Corp. provides energy for the future by exploring and developing new sources of energy worldwide. The company's internationally active oil and gas subsidiary, SCS Corp., owns rights to explore and exploit significant acreage offshore the Republic of Guinea, West Africa. HYD Resources Corp. focuses on domestic production in proven areas. More information on Hyperdynamics Corp. can be obtained at: www.hypd.com Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement: Statements contained herein that are not historical 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, detailed in the company's filings with the SEC. |
|
|||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion