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SaVi Media Group Receives Registered Trademark for "DynoValvePro(R)"
Market Wire
SANTA ANA, CA -- (MARKET WIRE) -- 01/23/07 -- SAVI MEDIA GROUP, INC. (OTCBB: SVMI) announces that the United States Patent and Trademark Office has granted Trademark registration of one of its core pollution reduction devices, the DynoValvePro®. The registration number for the DynoValvePro® is number 3173466. The trademark was officially effective on November 21, 2006.
"We are very pleased to receive this registration number from the United States Patent and Trademark Office for our DynoValvePro® product. Our newly registered trademark now protects, enhances and strengthens our DynoValvePro product on a long term basis," stated Steve Botkin, Chief Information Officer of SaVi Media Group, Inc.
Jetzt wird sie steigen !!!!!!
Der Weg wird schon sehr bald Richtung Norden gehen !!!
Posted by: flsunchaser
In reply to: mrlomo who wrote msg# 7155
Date:1/23/2007 11:10:14 AM
Post #of 7164
Mrlomo, You posted that the .3 % increase in fuel economy mentioned in the January 3rd press release, was not significant. From your or my world of a 4 or 6 cylinder vehicle I\'d have to agree with you but let\'s explore what that amount of fuel economy increase could mean to a trucking company executive who is trying to control costs in his or her 1,000 truck fleet :
In this example, let\'s say each semi-tractor trailer goes 3,000 miles per week, which is a low estimate, they can do more than that in a week, with two drivers switching off driving duties. Multiply our assumed 3,000 miles/week/truck by 52 weeks in a year and you get 156,000 miles/year/truck.
Multiply 156,000 miles/truck by 1,000 trucks, which is nothing for a truck fleet and you get 156,000,000 total miles driven in a year, divide 156,000,000 miles by 4 miles/gallon fuel economy yields 39,000,000 gallons of diesel fuel used in a year by the 1,000 truck fleet. Multiplying the 39 million gallons of fuel by the 0.3 % fuel savings factor given in the PR on January 3rd, yields a savings of 117,000 gallons of fuel. Multiplying 117,000 gallons of fuel saved by the cost of that diesel fuel, $3/gallon, yields a savings of $351,000 in one year. Multiply $351,000 by 10 years shows the trucking company would save 3.51 million dollars in ten years. And that assumes diesel fuel will stay at $3/gallon, which it won\'t, it\'ll be higher in ten years.
SUMMARY - By increasing fuel economy .3 % in a 1,000 truck fleet, a trucking company would save 117,000 gallons of fuel and in a year that would have cost $351,000. In ten years that extra fuel would have cost the trucking company $3,500,000. Of course this little example was based on data taken from a relatively new engine. the average truck fleet is not made up of all relatively new engines. Future tests of older, more broke in engines should have even more dramatic results. So with a real fleet of a 1000 trucks, it\'s expected the DynoValve Pro will save even more.
$3.5 million dollars saved, that we projected here is pretty significant also. It looks to me like the DynoValve Pro pays for its self with a 0.3 % increase in fuel efficiency and there\'s extra money leftover to buy more trucks or whatever. DynoValve Pros will be an easy sell to trucking company executives, after they see this example. And that Mrlomo, is the market SaVi will be going after for it\'s first sales.
Jetzt wird Sie steigen !!!!!!
Der Weg wird schon sehr sehr bald Richtung Norden gehen !!!
ICH REDE NUR DAVON WORAN DIE MEISTEN DENKEN ABER NICHT SAGEN !! ??
VIELEICHT WIRD`S BEI DER NÄCHSTEN INVESTITION BESSER ??? UND WENN NICHT SIND WIR WENIGSTENS SO EHRLICH UND GESTEHEN UNS ES EIN !!! UND GEBEN SONNST NIEMANDEM DIE SCHULD ODER GEHEN IHN AN WENN ER SEINE MEINUNG SAGT !!!
IN DIESEM GESCHÄFT IST SCHON SO MANCHER ARM ODER REICH GREORDEN !!! NUR IN DIESEM FALL IST MAN SELBST SCHULD ODER MAN HATTE GLÜCK !!!! MEINUNGSFREIHEIT IST UND BLEIBT MEINUNGSFREIHEIT )
BEI VERLUSTEN SIND WIR SELBST SCHULD ( VERLUSTE TRAGEN WIR SELBST WIE AUCH DIE GEWINNE !!!!!! )
DAS HEIßT ALSO WIR BLEIBEN FAIR !!!! WIE AUCH IMMER !!! ?????
Kopf hoch SCHLIMMER WIE DER VERLUST VON GELD KANN`S NICHT WERSEN !!! DAS LEBEN BEHALTEN WIR !!
SaVi Media Group Receives Registered Trademark for "DynoValve(R)"
Friday February 16, 10:00 am ET
SANTA ANA, CA--(MARKET WIRE)--Feb 16, 2007 -- SAVI MEDIA GROUP, INC. (OTC BB:SVMI.OB - News) announces the Trademark registration of our core emission control device, the DynoValve from the United States Patent and Trademark Office.
ADVERTISEMENT
The United States Patent and Trademark Office have allowed for the registration trademark on one of our core emission control devices, the "DynoValve." The registration number for our DynoValve emission control product is 3204740. The trademark is officially effective on January 30, 2007.
"With our newly trademark registration for the DynoValve and our trademark registration of the DynoValvePro this past November addresses that Savi is fully committed to the name brand protection of our emission control product assets on a long term basis," stated Steve Botkin, Chief Information Officer of SaVi Media Group, Inc.
SaVi Media Group is a development stage company designed to create and commercialize blow-by gas and crankcase engine emission reduction technology. They have created a simple gasoline and diesel engine emission reduction technology, allowing them to provide their clients with lower-cost, more effective and more efficient emission reduction and engine performance. With 20+ years of emissions and materials R & D behind it, the Company was formed to create, support and license a patented supplementary vehicle emissions reduction and fuel efficiency technology that we believe can reduce emissions and improve fuel efficiency. For more information, visit www.SaViMediaGroup.com.
SaVi Mittel-Gruppe empfängt geschütztes Warenzeichen für „DynoValve®“
SANKT ANA, Ca 16. Februar 2007 -- SAVI MEDIA GROUP, INC. (OTC BB: SVMI.OB - Nachrichten) verkünden die Warenzeichenausrichtung unserer KernEmissionskontrollevorrichtung, das DynoValve vom Vereinigte Staaten Patent und vom Warenzeichen-Büro.
Die Vereinigten Staaten patentieren und Warenzeichen-Büro haben das Ausrichtung eingetragene Warenzeichen auf einer unserer KernEmissionskontrollevorrichtungen, das „DynoValve“ zugelassen. Die Zulassungsnummer für unser DynoValve Emissionskontrolleprodukt ist 3204740. Das eingetragene Warenzeichen ist offiziell am 30. Januar 2007 wirkungsvoll.
„Mit unserer eben Warenzeichenausrichtung für das DynoValve und unserer Warenzeichenausrichtung des DynoValvePro dieser letzte November Adressen, daß Savi völlig am Namensmarke Schutz unserer Emissionskontrolle-Produktwerte auf einer langfristigen Grundlage“ festgelegt wird, angegebener Steve Botkin, Hauptinformationsingenieur von SaVi Media Group, Inc.
SaVi Mittel-Gruppe ist eine Entwicklung Stadium Firma, die entworfen ist, um Durchblasengas- und -kurbelkastenmaschine Emission-Verkleinerung Technologie zu verursachen und in den Handel zu bringen. Sie haben eine einfachen Emissionverkleinerung Technologie des Benzins und des Dieselmotors verursacht und sie ihre Klienten mit den Niedrigkosten versehen gelassen, wirkungsvoller und leistungsfähigere Emissionverkleinerung und Triebwerkleistung. Mit Jahren 20+ der Emissionen und der Materialien FORSCHUNG UND hinter ihr, wurde die Firma gegründet, um zu verursachen, sich zu stützen und eine patentierte Ergänzungsträgeremissionverkleinerung und -kraftstoff-Leistungsfähigkeit Technologie zu genehmigen, der wir glauben, kann Emissionen verringern und Kraftstoff-Leistungsfähigkeit verbessern. Zu mehr Information Besuch SaViMediaGroup.com
Sichere Hafen-Aussage: Diese Freigabe enthält das Vorwärts-Schauen der Aussagen, die gemäß den sicheren Hafenbestimmungen der privaten Sicherheiten Rechtsstreit-Verbesserung-Tat von 1995 abgegeben werden. Wir verwenden Wörter wie „vorwegnehmen,“ „glauben,“ „erwarten,“ „Zukunft,“ „beabsichtigen,“ „Plan,“ und ähnliche Ausdrücke, das Vorwärts-Schauen von Aussagen zu kennzeichnen. Vorwärts-schauend schließen Aussagen, ohne Beschränkung, unsere Fähigkeit, Einkommenströme zu erhöhen, Einkommen und Einkommen zu wachsen, ein und andere Joint Ventures zu erhalten. Diese Aussagen sind nur Vorhersagen und sind abhängig von bestimmten Gefahren, Ungewißheiten und Annahmen, die in den allgemeinen Archivierungen der Firma mit der Sicherheiten und Austausch-Kommission gekennzeichnet und beschrieben werden. Kontakt:
SaVi Mittel-Gruppe
Steve Botkin
800-916-5420
Steve.Botkin@SaViMediaGroup.com
SaViMediaGroup.com
Wieso liegt der Ask ( Briefkurs ) in Frankfurt bei 12,00 EURO ???
Das ist doch wohl ein Fehler oder schlechter WITZ !!
Das wäre was !!! ???
Form 8-K for SAVI MEDIA GROUP, INC.
--------------------------------------------------
21-Mar-2007
Unregistered Sale of Equity Securities, Change in Directors or Principal O
Item 3.02 Unregistered Sales of Equity Securities
In February 2007, the Company issued an aggregate of 218,350,000 shares of its common stock to 18 accredited and non-accredited investors for services rendered valued an aggregate of $786,600. Additionally, in February 2007, the Company issued an aggregate of 200,000,000 shares of common stock to 5 accredited investors in consideration for advisory services rendered valued at $720,000. No sales commissions were paid in connection with these issuances and all investors reviewed or had access to all of the Company\'s filing pursuant to the Securities Exchange Act of 1934, as amended.
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On January 30, 2007, Mr. Mario Procopio and Ms. Kathy Procopio resigned as directors, and Mr. Greg Sweeney and Mr. Steve Botkin were subsequently elected to serve as directors to fill the vacancies.
Mr. Sweeney has served as the Company\'s chief executive officer since August 30, 2006. From August 2004 until his appointment as CEO, Mr. Sweeney was self-employed as a management consultant for Rogers Transportation, based in Garland, Texas. Between January 2004 and August 2004, Mr. Sweeney was a sales representative and director of sales & marketing for Railhead Underground Products, LLC, based in Ft. Worth, Texas. Mr. Sweeney was the elected mayor of Andrews, Texas for three terms. Mr. Sweeney also founded and was the President of Austin Equipment Co., Fossil Creek Productions Co and Sweeney Oil Co. Mr. Sweeney served as a District Manager of Nolan Brunson Inc. Mr. Sweeney also served in the United States Air Force, where we was a member of the Aerospace & Medicine - Laser Research and Development Team.
Mr. Sweeney entered into a consulting agreement with the Company in connection with serving as the Company\'s CEO. Pursuant the terms of such agreement, Mr. Sweeney receives a monthly salary of $10,000. In addition, Mr. Sweeney is entitled to receive bonuses and commissions based upon financing raised and operating targets. Additionally, Mr. Sweeney received 5 million shares of common stock upon execution of the consulting agreement and was awarded 100 million shares by the Board of Directors in February 2007. Mr. Sweeney beneficially owns 9.6% of the total outstanding shares of the Company.
Mr. Botkin has served as the Company\'s Chief Information Officer since November, 2004. In addition, Mr. Botkin has been employed at the Boeing Company\'s Integrated Defense System division for the past 30 years and is currently the project manager and team leader of Boeing\'s Space & Intelligence Systems Information Technology System Support in Seal Beach, California. He holds a Bachelor of Science in Information Technology and a Master of Science in Computer Information Systems from the University of Phoenix.
Mr. Botkin entered into a consulting agreement with the Company in connection with serving as the Company\'s Chief Information Officer. Mr. Botkin receives a monthly salary of $5,000. Prior to his election to serve on the Company\'s board of directors, Mr. Botkin owns 56.1 million shares of common stock. Mr. Botkin beneficially owns 5.4% of the total outstanding shares of the Company.
Neither Mr. Sweeney nor Mr. Botkin has been appointed to any committee of the board of directors. Other than as set forth above, neither Mr. Sweeney nor Mr. Botkin has been involved with a related transaction or relationship as defined by Item 404(a) of Regulation S-B with the Company.
On January 30, 2007, Ms. Procopio also resigned as the Company\'s secretary and treasurer. Rudy Rodriguez, a current Director has assumed the duties of corporate secretary. Phillip C. Scott was assigned the responsibilities of treasurer.
The Procopios, in their January 30, 2007 letter to the Company, a copy of which is filed as an exhibit to this Form 8-K, allege that they had brought up concerns to the other directors and officers during the six month period preceding their resignation concerning the Company\'s intellectual property that Mr. Monros assigned to the Company. The Procopios claim that there are no active patents covering certain Company products and that they felt "betrayed" at what they believed were patented products ready for pre-production, fabrication and testing. The Company believes this position to lack any merit. The Company acquired the intellectual property with the understanding that in many cases it would be required to file, and expects to file at appropriate times, patents to protect its intellectual property.
Item 8.01. Other Events
On January 16, 2007, Serge Monros, the Company\'s current chief technology officer, filed a derivative suit on behalf of the Company naming the Company, Mario Procopio, and Kathy Procopio as defendants in the Superior Court of the State of California for the County of San Diego. Mr. Monros\' derivative suit alleged the following causes of action: (i) breach of fiduciary duty of loyalty;
(ii) breach of fiduciary duty of care; (iii) unjust enrichment; (iv) conversion;
(v) waste of corporate assets; and (vi) trade libel. This case is in its preliminary stages and no discovery has taken place.
On January 25, 2007, Mario Procopio filed a derivative suit behalf of the Company against the Company and Serge Monros in the Superior Court of the State of California for the County of Orange. Mr. Procopio\'s derivative suit alleged the following causes of action: (i) breach of contract; (ii) promise without intent to perform; (iii) breach of fiduciary duty; (iv) rescission; (v) intentional misrepresentation; (vi) negligent misrepresentation; and (vii) conversion. This case is in its preliminary stages and no discovery has taken place.
Item 9.01. Financial Statements and Exhibits
(a) Financial Statements of Business Acquired
(b) Pro Forma Financial Information
Inapplicable
(c) Exhibits
Exhibit Number Exhibit Description
99.1 Resignation Letter executed by Mario Procopio and Kathy
Procopio dated January 30, 2007
--------------------------------------------------
17-Apr-2007
Annual Report
ITEM 6 - MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION
The following information should be read in conjunction with the consolidated financial statements and the notes thereto contained elsewhere in this report. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Information in this Item 6, "Management's Discussion and Analysis or Plan of Operation," and elsewhere in this 10-KSB that does not consist of historical facts, are "forward-looking statements." Statements accompanied or qualified by, or containing words such as "may," "will," "should," "believes," "expects," "intends," "plans," "projects," "estimates," "predicts," "potential," "outlook," "forecast," "anticipates," "presume," and "assume" constitute forward-looking statements, and as such, are not a guarantee of future performance. The statements involve factors, risks and uncertainties including those discussed in the "Risk Factors" section contained elsewhere in this report, the impact or occurrence of which can cause actual results to differ materially from the expected results described in such statements. Risks and uncertainties can include, among others, fluctuations in general business cycles and changing economic conditions; changing product demand and industry capacity; increased competition and pricing pressures; advances in technology that can reduce the demand for the Company's products, as well as other factors, many or all of which may be beyond the Company's control. Consequently, investors should not place undue reliance on forward-looking statements as predictive of future results. The Company disclaims any obligation to update the forward-looking statements in this report.
Business History
We were originally incorporated as Energy Resource Management, Inc. on August 13, 2002 and subsequently adopted name changes to Redwood Energy Group, Inc. and Redwood Entertainment Group, Inc., upon completion of a recapitalization on August 26, 2002. The re-capitalization occurred when we acquired the non-operating entity of Gene-Cell, Inc. Gene-Cell had no significant assets or operations at the date of acquisition and we assumed all liabilities that remained from its prior discontinued operation as a biopharmaceutical research company. The historical financial statements presented herein are those of SaVi Media Group, Inc. and its predecessors, Redwood Entertainment Group, Inc., Redwood Energy Group, Inc. and Energy Resource Management, Inc.
The non-operating public shell we used to recapitalize was originally incorporated as Becniel and subsequently adopted name changes to Tzaar Corporation, Gene-Cell, Inc., Redwood Energy Group, Inc., Redwood Entertainment Group, Inc., and finally its current name, SaVi Media Group, Inc.
Business Summary
We are considered a development stage enterprise because we currently have no significant operations, have not yet generated revenue from new business activities and are devoting substantially all of our efforts to business planning and the search for sources of capital to fund our efforts. We have acquired all rights to "blow-by gas and crankcase engine emission reduction technology" which we intend to develop and market on a commercial basis.
This technology is an emission reduction device believed to reduce, harmful exhaust emissions in gasoline and diesel engines, and increase fuel efficiency. Phase one testing at California Environmental Engineering indicated notable reduction in tailpipe emissions and Particulate Matter (PM) while improving fuel economy. The reductions were 5.1% in hydrocarbons, 5.1% in carbon monoxide, 5.5% in nitrogen oxides, while increasing fuel economy by 0.3%.
We currently have the right to develop, produce, market and distribute a new product which provides for increased fuel economy and reduced emissions in automotive applications for both new and existing vehicles and may be used in other non-automotive applications. Personal watercraft, small engine powered lawn equipment, stand alone power generation engines are additional markets that we intend to develop. The technology may be sold internationally and we are pursuing opportunities simultaneously domestically and internationally. We have no immediate plans to develop additional products at this time.
Critical Accounting Policies and Estimates
Our discussion and analysis of our financial condition and results of operations are based upon our consolidated financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenue and expenses, and related disclosure of contingent assets and liabilities. On an ongoing basis, we evaluate our estimates and our estimates are based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. These estimates and assumptions provide a basis for our judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from our estimates under different assumptions or conditions, and these differences may be material.
We believe that the following critical accounting policy affects our more significant judgments and estimates used in the preparation of our consolidated financial statements:
Income Taxes
We use the liability method of accounting for income taxes. Under this method, deferred income taxes are recorded to reflect the tax consequences on future years of temporary differences between the tax basis of assets and liabilities and their financial amounts at year-end. We provide a valuation allowance to reduce deferred tax assets to their net realizable value.
Stock-Based Compensation
Effective January 1, 2006, the Company adopted Statement of Financial Accounting Standards (SFAS) No. 123 (revised 2004), Share-Based Payment (SFAS 123R), and began expensing at fair value on a straight-line basis the costs resulting from share-based payment transactions.
Prior to 2006, the Company elected to follow Accounting Principles Board (APB) Opinion No. 25, Accounting for Stock Issued to Employees (APB 25) and related interpretations in accounting for stock options granted to employees as permitted by SFAS No. 123, Accounting for Stock-Based Compensation (SFAS 123), as amended by SFAS No. 148, Accounting for Stock-Based Compensation-Transition and Disclosure. Under APB 25, the Company did not recognize share-based payment expense in its financial statements because the stock option awards qualified as fixed awards and the exercise price of the Company's employee stock options equaled the market price of the underlying stock on the date of grant.
Convertible Notes - Derivative Financial Instruments
The Convertible Notes issued to Cornell Capital in 2006 and to Golden Gate Investors in 2005 have been accounted for in accordance with SFAS 133 and EITF No. 00-19, "Accounting for Derivative Financial Instruments Indexed to, and Potentially Settled in, a Company's Own Stock."
The Company has identified that the both the Golden Gate debenture and the Cornell Capital debenture has embedded derivatives. These embedded derivatives have been bifurcated from the host debt contract and accounted for as derivative liabilities in accordance with EITF 00-19. When multiple derivatives exist within the Convertible Notes, they have been bundled together as a single hybrid compound instrument in accordance with SFAS No. 133 Derivatives Implementation Group Implementation Issue No. B-15, "Embedded Derivatives: Separate Accounting for Multiple Derivative Features Embedded in a Single Hybrid Instrument."
The embedded derivatives within the Convertible Notes have been recorded at fair value at the date of issuance; and are marked-to-market each reporting period with changes in fair value recorded to the Company's income statement as "Net change in fair value of derivative liabilities." The Company has utilized a third party valuation firm to fair value the embedded derivatives using a lattice model with layered discounted probability-weighted cash flow methods.
The fair value of the derivative liabilities are subject to the changes in the trading value of the Company's common stock, as well as other factors. As a result, the Company's financial statements may fluctuate from quarter-to-quarter based on factors, such as the price of the Company's stock at the balance sheet date and the amount of shares converted by note holders. Consequently, our financial position and results of operations may vary from quarter-to-quarter based on conditions other than our operating revenues and expenses.
Plan of Operations
We believe that there are six critical elements for the building of a successful research & development company that has the capacity to manufacture technology for the implementation of immediate and long-term solutions to the global challenges of air, water, and land pollution.
1. People - this includes a qualified board of directors, advisory board members, management, employees, shop personnel, Q.C., project managers, journeymen, welders, machinists, cnc operators, cad cam, shop planners, senior engineers, tool & design, maintenance personnel, calibrators & inspectors, sheet metal fabricators, debburing & finishing personnel, purchasers, transporters, cnc trainers and consultants, etc.;
2. Projects - a credible portfolio of projects that have the appropriate risk-return ratio in order to generate potentially significant shareholder value;
3. Capital - based upon the reputation of the people and the quality of the projects, there must be sufficient capital in order to launch the company and to provide for additional fundings;
4. Technology - the most advanced interpretation methods, techniques and methods should be utilized in order to maximize the potential for finding and developing immediate and long term solutions to the global challenges of air, water, and land pollution;
5. Favorable positioning - the international influence of the oil and gas companies along with the automotive & diesel industries requires a combination of secured relationships with their appointed leadership in these various industries as well as with all the various local and international governmental entities; and
6. Manufacturing capability and equipment- the competitive nature of the automotive & diesel industry requires a unique approach and a significant capital commitment in order to secure the latest in hi-tech equipment, technology, research, and the creation of numerous patents as well as to expedite mass production.
People:
In August 2004 Savi Media Group was founded by Serge Monros and Mario Procopio. Serge Monros sold the Crankcase Ventilation technologies to Savi Media that he personally developed over the last 17 years. Mario Procopio was hired as the President, Chief Executive Officer and director of with a mandate to acquire the initial funding for the planned projects and to assist in aggressively transforming us into an emerging research and development company in the field of automotive and diesel retrofitting and pollution control. In August 2004, enough capital was obtained to acquire a bulletin board company, pay off many of its existing debts, and begin to launch the varied projects of which the DynoValve is one of several projects.
We have established a Strategic Advisory Board and recruited qualified individuals to develop marketing strategies, feasibility studies, and update our business plan. Among those are Retired U.S. General Alexander M. Haig, Jr., Alexander P. Haig, John Hewitt, Marketing Specialist, and John Dunlap, former Executive Director of CalTrans.
Projects:
During 2006, we further refined our strategic plan and have determined that the maximum value to all of our shareholders is best served by targeting three focused project areas that provide for long-term growth from our invested capital. The three major project areas are as follows:
An R & D Lab and adjacent offices
We have established an R & D lab with its adjacent offices located at 2530 S. Birch St. Santa Ana, CA. 92707. We have also negotiated with G & K Auto in acquiring a 270,000 square foot R & D lab and office in Tian Jin, China in the Auto Trade - Free Trade Zone in order to test and retrofit internal combustion engines both stationary and in automotive applications. However, our current lack of financial resources has caused us to fall more than six behind on our lease payments and we could be evicted at any time.
Implement the initial testing phases in order to secure revenues, licensing agreements, and contracts.
We hope to continue to test our emission control device on select diesel engines in order to obtain certification and validation of our technology. However, we currently lack the financial resources to continue testing. We hope to obtain an Executive Order from the California Air Resource Board which allows us to legally sell our product in California. This will assist in obtaining contracts and purchase orders. The monthly cost for each product testing is approximately $60,000 and completion of testing should be accomplished in six to nine months assuming there are no delays. Phase one testing on a new diesel engine at California Environmental Engineering indicated notable reduction in tailpipe emissions and Particulate Matter (PM) while improving fuel economy. The reductions were 5.1% in hydrocarbons, 5.1% in carbon monoxide, 5.5% in nitrogen oxides, while increasing fuel economy by 0.3%.
Become a technology partner to the various entities that are focused on environmental solutions.
We are presently participating in a consortium of companies with emission reduction technologies for the problem solving of both our local environmental challenges and to assist in China's pursuit of immediate solutions to the particular needs in their environment. At this time we have not engaged in formal agreements with any company or initiated any actions or plans and have not committed any funds.
During the year ended December 31, 2006, we had limited operations and we expect to require additional cash of a minimum of approximately $3,000,000 over the next twelve months. Those funds, if available, will be used for continued operation in the development stage. Additional financing will need to be obtained. Due to our still being in a development stage, sources of funding may not be available on terms that are acceptable to management and existing stockholders, or may include terms that will result in substantial dilution to existing stockholders.
Results of Operations
During the period from inception, August 13, 2002, to December 31, 2006, we have not generated any revenue from operations. As of December 31, 2006, we have accumulated net losses in the development stage of $271,270,324 for the period from inception, August 13, 2002, to December 31, 2006. Additionally, at December 31, 2006, we are in a negative working capital position of $21,311,694 and had a stockholders' deficit of $21,022,922. Our auditors have opined that such matters raise substantial doubt about our ability to continue as a going concern. We financed our operations mainly through the sale of common stock and have been entirely dependent on outside sources of financing for continuation of operations. For the remainder of fiscal 2007, we will continue to pursue funding for our business. There is no assurance that we will continue to be successful in obtaining additional funding on attractive terms or at all, nor that the projects towards which additional paid-in capital is assigned will generate revenues at all.
Plan of Operation
During the year ended December 31, 2006, we had limited operations and we expect to require additional cash of approximately $ 3,000,000 over the next twelve months. Those funds will be used to continue operation in the development stage.
Our plan of operations will require sources of funding that may not be available on terms that are acceptable to management and existing stockholders, or may include terms that will result in substantial dilution to existing stockholders.
Liquidity and Capital Resources
As of December 31, 2006, total current assets were $1,088 consisting of cash and cash equivalents.
Total current liabilities were $21,312,781 as of December 31, 2006, consisting of bank overdrafts of 3,631, convertible debt, net of $705,864, derivative liabilities of 19,561,775, accounts payable and accrued liabilities of $882,217, and accounts payable assumed in recapitalization of $159,295.
We had a negative working capital of $21,311,694 as of December 31, 2006.
We used net cash used in investing activities during the year ended December 31, 2006 of 481,644.
We incurred net losses of $271,270,324 during the period from inception, August 13, 2002, to December 31, 2006. In addition, at December 31, 2006, we were in a negative working capital position and had a stockholders' deficit of $21,022,922. As a result, our independent registered public accounting firm, in its report dated April 16, 2007, has expressed substantial doubt about our ability to continue as a going concern.
Our average monthly operational expenses have been $320,071 per month, for the year ended December 31, 2006.
Our ability to continue as a going concern is dependent upon several factors. These factors include our ability to:
· further implement our business plan;
· obtain additional financing or refinancing as may be required; and
· generate revenues.
We believe it is imperative that we raise an additional $3,000,000 of capital in order to implement our business plan. We are attempting to raise additional funds through debt and/or equity offerings. We intend to use any funds raised to pay down debt and to provide us with working capital. There can be no assurance that any new capital would be available to us or that adequate funds for our operations, whether from our revenues, financial markets, or other arrangements will be available when needed or on terms satisfactory to us. Any additional financing may involve dilution to our then-existing shareholders.
On July 10, 2006, we entered into a Securities Purchase Agreement with Cornell Capital Partners L.P. providing for the sale by us to Cornell of our 10% secured convertible debentures in the aggregate principal amount of $2,970,000 of which $1,670,000 was advanced immediately. We entered into an amended and restated securities purchase agreement with Cornell on August 17, 2006. The second installment of $200,000 was advanced on August 17, 2006. The third installment of $600,000 was advanced on September 1, 2006. The last installment of $500,000 will be advanced two business days prior to the registration statement being declared effective by the SEC. A portion of the funds advanced were used to pay off the existing convertible debenture and other advances made by Golden Gate Investors.
In connection with the securities purchase agreement, we agreed to issue Cornell warrants to purchase an aggregate 2,900,000,000 shares of common stock, exercisable for a period of five years as follows:
Number of Warrants Exercise Price
1,000,000,000 $ 0.003
1,000,000,000 $ 0.006
300,000,000 $ 0.01
200,000,000 $ 0.015
150,000,000 $ 0.02
100,000,000 $ 0.03
60,000,000 $ 0.05
40,000,000 $ 0.075
30,000,000 $ 0.10
20,000,000 $ 0.15
All of the warrants were issued upon closing. We also issued to the investor 30 million shares of restricted common stock as a commitment fee.
The debentures mature on the second anniversary of the date of issuance and bear interest at the annual rate of 10%. Holders may convert, at any time, any amount outstanding under the debentures into shares of our common stock at a conversion price per share equal to $0.013. Beginning the earlier of (i) the first business day of the month immediately following the month in which the registration statement is first declared effective or (ii) November 1, 2006, and continuing on the first business day of each calendar month thereafter, we are required to make a mandatory redemption payment of $225,000 and accrued and unpaid interest, which payment can be made in cash or in restricted common stock.
We have the option, in our sole discretion, to settle the monthly mandatory redemption amount by (i) paying the investor cash in an amount equal to 115% of the monthly mandatory redemption amount, or (ii) issuing to the investor the number of shares of common stock equal to the monthly mandatory redemption amount divided by $0.007, provided, however, that in order for us to issue shares upon payment of the monthly mandatory redemption amount (A) the registration statement is effective, (B) no event of default shall have occurred, and (C) the closing bid price for our common stock shall be greater than the redemption conversion price (currently $0.007) as of the trading day immediately prior to the redemption date. However, in the event that (A) the registration statement is effective, (B) no event of default shall have occurred, and (C) the closing bid price for our common stock is less than the redemption conversion price (currently $0.007) but is greater than $0.003, we shall have the option to settle mandatory redemptions by issuing to the investor the number of shares of common stock equal to the mandatory redemption amount divided by the default conversion price ($0.003).
In the event that certain events of default, such as failure to pay principal or interest when due, failure to issue common stock upon conversion or the delisting or lack of quotation of our common stock, the redemption conversion price will be reduced to the default conversion price.
Cornell has agreed to restrict its ability to convert the debenture and exercise the warrants and receive shares of our common stock such that the number of shares of common stock held by them in the aggregate and their affiliates after such conversion or exercise does not exceed 4.99% of the then issued and outstanding shares of our common stock.
We, at our option, have the right with three business days advance written notice, to redeem a portion or all amounts outstanding under this debenture prior to the maturity date provided that the closing bid price of our common stock, is less than $0.013 at the time of the redemption. In the event of a redemption, we are obligated to pay an amount equal to the principal amount being redeemed plus a 15% redemption premium, and accrued interest.
In connection with the Purchase Agreement, we also entered into a registration rights agreement, as amended, providing for the filing, within 60 days of closing, of a registration statement with the Securities and Exchange Commission registering the common stock issuable upon conversion of the debentures. We are obligated to use our best efforts to cause the registration statement to be declared effective no later than 90 days after filing the registration statement and to insure that the registration statement remains in effect until the earlier of (i) all of the shares of common stock issuable upon conversion of the debentures have been sold or (ii) July 10, 2008. In the event of a default of our obligations under the registration rights agreement, including our agreement to file the Registration Statement with the Securities and Exchange Commission no later than September 8, 2006, or if the registration statement is not declared effective by November 22, 2006, we are required to pay to Cornell, as liquidated damages, for each month that the registration statement has not been filed or declared effective, as the case may be, either a cash amount or shares of our common stock equal to 2% of the liquidated value of the debentures.
In connection with the securities purchase agreement, we executed a security agreement in favor of the investor granting them a first priority security interest in all of our goods, inventory, contractual rights and general intangibles, receivables, documents, instruments, chattel paper, and intellectual property. The security agreement states that if an event of default occurs under the secured convertible debentures or security agreements, the investor has the right to take possession of the collateral, to operate our business using the collateral, and have the right to assign, sell, lease or otherwise dispose of and deliver all or any part of the collateral, at public or private sale or otherwise to satisfy our obligations under these agreements.
We have no other commitments from officers, directors or affiliates to provide funding. If we are unable to obtain debt and/or equity financing upon terms that we deem sufficiently favorable, or at all, it would have a materially adverse impact upon our ability to pursue our business strategy and maintain our current operations. As a result, it may require us to delay, curtail or scale back some or all of our operations.
Off-Balance Sheet Arrangements
We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition or results of operations.
There were no recent accounting pronouncements that have had or are likely to have a material effect on our financial position or results of operations.
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Today's Date: 07/04/2008
2-Jul-2008
Form 8-K for SAVI MEDIA GROUP, INC.
Other Events
ITEM 8.01. OTHER EVENTS.
Savi Media Group, Inc. ("SVMI"), is announcing recent progress on its R&D efforts. Savi Media Group, Inc. (SVMI.PK) CEO Serge Monros is issuing this update on the most recent developments with the DynoValve. We are extremely pleased to issue this update and report on several milestones we have achieved over the last few months regarding the DynoValve. The company has been continuing its development and beta testing processes of the DynoValve and has completed over 30 installations in the last three months. The device has been installed on a variety of vehicles including; passenger vehicles both new and used, light duty trucks, motor homes, fleet trucks, recreational watercraft and off-road vehicles. During this process, product design improvements including firmware changes to the controller and resolving connectivity issues have been made to enable the product to be installed on virtually all passenger vehicles sold in the U.S.
In addition, due to the product design improvements, all our preliminary test results have been positive. The test results continue to confirm the gas savings and emission reduction capabilities of the DynoValve. Fuel economy improvements typically have ranged from no less than 10% and in many cases 50% or more. At the same time beta tests on emissions reductions have been as much as 50%. As an example, a 2005 Corvette was tested in June 2008 and resulted in an increase from 18.5 to 24.5 miles per gallon. In addition, a 1965 Chevelle showed an increase from 7 to 17 miles per gallon after installation of the DynoValve.
We are very excited about our design improvements and preliminary test results. We are beginning pilot programs with a variety of fleet owners over the next few weeks. As an example, one of the fleet owners has scheduled to test 10 vehicles from their fleet of 5,000 vehicles with an expectation to purchase units upon successful completion of their testing period of 30 days. We are contracting a consultant, who has successfully provided bridge loans and venture capital for other companies, in order to raise additional capital to launch the DynoValve and to be prepared to fulfill anticipated product orders upon completion of the fleet pilot programs.
If you are interested in participating in our beta testing of small fleets, please call 714-906-3978 or e-mail cleanair@savi.tv for further information.
FORWARD-LOOKING STATEMENTS
This report may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this press release that address activities, events or development that the company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company's actual results to differ materially from those implied or expressed by the forward-looking statements. The Company assumes no duty whatsoever to update these forward-looking statements or to conform them to future events or developments.
Und ich dachte mein allererstes Börsenengagement ging völlig in die Hose... Geduld könnte sich vielleicht doch auszahlen??
Fuel economy improvements typically have ranged from no less than 10% and in many cases 50% or more. At the same time beta tests on emissions reductions have been as much as 50%. As an example, a 2005 Corvette was tested in June 2008 and resulted in an increase from 18.5 to 24.5 miles per gallon. In addition, a 1965 Chevelle showed an increase from 7 to 17 miles per gallon after installation of the DynoValve.
Das die Amerikaner Spritschleudern bauen, wissen wir. Nun besteht aber die Möglichekeit weniger zu verbrauchen, OHNE ein neues Auto zu kaufen, durch Nachrüstung! Nun gilt es dem Unternehmen auf den Grund zu gehen, gucken, was daraus wird. Bei dem Anstieg der Kraftstoffpreise in den letzten Monaten in den USA sollte es nicht so schwer fallen 'venture capital' aufzutreiben...
aufgeben-
lassen wir uns überraschen was da noch so kommt
SaVi Media Group Announces a 1,000 Unit Purchase Order
Tuesday January 13, 2009, 9:30 am EST
SAN DIEGO, Jan. 13, 2009 (GLOBE NEWSWIRE) -- SaVi Media Group (Other OTC:SVMI.PK - News) (SVMI) is announcing that it has finalized a 1,000 unit purchase order of the DynoValve with Advanced Automotive Systems ("AAS") in Charlotte, N.C. AAS will serve as a distributor and installer of the DynoValves. SVMI is providing training services to technicians of AAS, after which AAS will be certified to install and provide service to their clients including new and used car dealers, fleets, and individual users.
AAS works as agents for dealers and have been dedicated to providing the most effective professional sales & service systems to maximize profits. AAS's foremost strategy is to provide cutting edge technologies that are user friendly. AAS provides a full array of products that permits cost reductions, and keeping everyone focused on the same goal of maximizing dealerships' profits.
SVMI CEO Serge Monros commented, "We are looking forward to working with (AAS) and establish our technology in very practical approach within the automobile industry. We are energized with the continued marketing development of the DynoValve. The DynoValve reduces harmful emissions resulting in improved operating performance with the added advantage of improved gas mileage and increased engine life."
For more information contact http://www.savimediagroup.com
Safe Harbor Statement:
This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as ``anticipate,'' ``believe,'' ``expect,'' ``future,'' ``intend,'' ``plan,'' and similar expressions to identify forward-looking statements. Forward-looking statements include, without limitation, our ability to increase income streams, to grow revenue and earnings, and to obtain other Joint Ventures. These statements are only predictions and are subject to certain risks, uncertainties and assumptions, which are identified and described in the Company's public filings with the Securities and Exchange Commission.
Contact:
SaVi Media Group
Serge Monros
(858) 350-4207
SaviMediaGroup.com
Last Price (USD)
$ 0.002
Change
▲ 0.0004 (25.00%)
Bid 0.0016
Ask 0.002
Volume 1,013,207
Day's Range 0.0013 - 0.002
Last Trade 11:15:03 AM EST
wenn ich die 0,002 im ASK mit dem Volumen von 1.013.207 multipliziere,dann erhalte ich ein Zockervolumen von 2.000 $ ... Schwung sieht meiner Meinung nach anders aus.
SaVi Media Group (PINKSHEETS: SVMI) announces recent vehicle testing results for Fleet Markets, a core marketing/sales strategy for 2010. The seven vehicle types were tested both prior to DynoValve installation and after installation, showing significant improvement in both engine performance and emissions reduction. In addition, vehicles also demonstrated increased fuel mileage
The Chevy 30 Step Van, a mainstay of the Corporate/ Business Fleet market resulted in consistent 60% increases in fuel mileage through multiple tests. Impala and Crown Victoria, stalwarts for Municipal/State Fleet market, showed 20-25% improvement in fuel mileage testing
The Specialty Fleet Market testing concentrated on car clubs and limousines
. Hummer Limo, Hummer, Ford pick-ups, Motor home and other vehicles were tested and had increased fuel mileage depending on the vehicle
Multiple tests were conducted and measured on each vehicle for 100 miles of highway driving on each test. To view the test results -- http://www.saviautomotive.com/test-results.doc
"We are very pleased with our recent DynoValve testing results. The results will greatly assist and support the efforts by our sales and marketing teams as we move forward concentrating on Corporate, Business, Municipal and Specialty Fleet markets throughout the country in 2010," stated Serge Monros, Chief Executive Officer of SaVi Media Group, Inc
In other news, Savi Media Group will be announcing the launch of a new corporate website near the end of March supporting our distributors for our products and shareholders alike
Safe Harbor Statement:
This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as "anticipate," "believe," "expect," " future ," "intend," "plan," and similar expressions to identify forward-looking statements. Forward-looking statements include, without limitation, our ability to increase income streams, to grow revenue and earnings, and to obtain other Joint Ventures. These statements are only predictions and are subject to certain risks, uncertainties and assumptions, which are identified and described in the Company's public filings with the Securities and Exchange Commission
Moderation
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DynoValve Distributor Roster Grows, Other Objectives Met
Costa Mesa, CA - March 3, 2010 - Savi Media Group announces an expanding network of Distributors nationwide and other noteworthy developments.
The company is negotiating with installers, distributors, fleet managers and distribution centers in multiple states, including key markets in California, New York, Texas, Ohio, Florida and other states to join the DynoValve team.
Successful emission reduction and fuel savings testing on additional vehicles has also been completed, including priority target vehicle models, where mileage increase in range from 7.5 and up to 50%. Jeep, Ford, Lincoln and Hummer were successfully tested, as was testing on a Ford F-700 Dump Truck, which had a substantial mileage increase from 5 mpg to 7.5 mpg, or 50%. To view the vehicles test results - http://www.savimediagroup.com/news/testing.htm
"These two developments not only increase the number of our successful DynoValve testing capabilities and target toward our core vehicle markets, but will greatly enhance our visibility, flexibility and reach in key automotive markets around the country", stated Savi Media Group Founder/CEO, Serge Monros.
In addition to earlier news of the Ford Transit Connect's role in overall company mobile strategy for use in sales, mobile installations and appearances at Trade shows, the Ford Transit Connect is now fully operational, outfitted with internet, and multi-media capabilities, and stocked with tools from Matco Tools. To view the Tools/Teams - http://www.savimediagroup.com/news/vehicle.htm
A series of 30 second DynoValve commercials are slated to air on Time-Warner Cable in areas of Orange County, California during the second week of March on CNN, FOX Business News, Discovery and History Channels. The schedule and map of the areas to be broadcasted will be accessible in a few days of the show times. The company is also in the process of negotiating with COX Cable to air a DynoValve commercial in Las Vegas, Nevada.
"Establishing DynoValve as a brand is very important as we push forward onto the national stage", said Monros. "This is the first step of implementing a promotional and advertising strategy to accomplish just that."
Safe Harbor Statement:
This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as ``anticipate,'' ``believe,'' ``expect,'' `` future ,'' ``intend,'' ``plan,'' and similar expressions to identify forward-looking statements. Forward-looking statements include, without limitation, our ability to increase income streams, to grow revenue and earnings, and to obtain other Joint Ventures. These statements are only predictions and are subject to certain risks, uncertainties and assumptions, which are identified and described in the Company's public filings with the Securities and Exchange Commission.
Den Werbespot finde ich allerdings ein bisschen billig gemacht. Also, wenn ich den jetzt mit den Werbespots in D vergleiche. Oder sehen die in den Staaten immer so aus??