Torbay Holdings Inc: REGDEX Filing following Private Placement By Shareholders, Directors and a Quill Mouse Distributor.Business Editors NEW YORK--(BUSINESS WIRE)--May 6, 2004 (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :BB TRBY.OB) TRBY announces that various individuals associated with the company have, upon their own recognizance own recognizance (O.R.) n. the basis for a judge allowing a person accused of a crime to be free while awaiting trial, without posting bail, on the defendant's own promise to appear and his/her reputation. , approached the company with requests to purchase treasury and so restricted, stock. The company, under Blue Sky laws blue sky laws n. laws intended to protect the public from purchasing stock in fraudulent companies that lack substance, such as those selling swamp land, non-existent gold strikes and dry oil wells, or who have no assets besides a post office box. that prevail in most States, was required to file such documents (REGDEX) as applicable with the SEC and in the States that shareholders reside. For the avoidance of doubt; this was not an offer made by the company, but is an outcome of approaches by individuals who are investors and followers of TRBY on the TRBY board of the Investors Hub (iHub). These funds were is in addition to those received from Tony Marchant Tony Marchant (born 11 July 1959 in East London) is a British playwright and television dramatist. In 1982 he won the London Critics' Theatre Award for Most Promising Playwright for "The Lucky Ones" and "Raspberry". , TRBY's non-exec director, the conversion of a loan to the company by Gordon Lane Gordon 'Whopper' Lane (born May 30, 1921) is a former Australian rules footballer who represented the Essendon Bombers and South Melbourne in the VFL. He played as a forward with a strong overhead mark and was rated by Jack Dyer in 1946 as 'the best centre half forward in the , Chairman and also from the proprietor of ErgoType BV, Designer Appliance's Dutch distributor of the Quill Mouse. All told, gross receipts the total of the receipts, before they are diminished by any deduction, as for expenses; - distinguished from net profits. - Bouvier. See under Gross, a. os> See also: Gross Receipt of over $150K are in the process of completion and clearance. This represents a significant portion of the $500K (net $400k after typical fees are applied) of new financing that the company anticipates it may require over the next 12 months for operations at current levels. Proceeds will be used in operations and in the financing of on-going investment in marketing and the progression of key milestones that are anticipated to further enhance shareholder value prior to securing other instruments of finance. There are no fees payable to any individuals or organizations associated with the receipt of these funds, only the costs of the regulatory fillings. Likewise there are no registration rights prevailing and so this issuance will have no immediate impact in the market as these shares will held for the duration under Regulation D rules. Tom Large, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. stated, "I believe that this is exceptional, if not unique in the history of the OTC:BB for a company's shareholders to voluntarily step up to the plate in this way. It is my belief that there can be no better endorsement and show of confidence than to have shareholders proactively support their company like this. I am delighted and gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. that shareholders, directors and a distributor are prepared to show a significant and long term commitment to TRBY." The REGDEX filing was carried out in paper format and so the for full disclosure purposes a pdf copy (apologizes for the fax quality) of the filing will be listed on the www.trby.com website. |
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