From GSBC’s March 20 press release:
DigiCurve, Inc. (OTCBB:DCUV), a multimedia producer and provider of online content, announced today that it has signed a Letter of Intent to purchase the assets of Global Satellite Broadcasting Corporation (GSBC) of Thailand in an all-stock transaction.
“We are very pleased to have the opportunity to acquire the assets GSBC,” stated John Paul Erickson, President & CEO of DigiCurve, Inc. “This acquisition will provide our firm with a complementary mix of multimedia products and technologies that will enable us to broaden our global markets, product offerings and customer demographics.”
It is anticipated that several key GSBC personnel will assist with the integration and implementation of GSBC’s technologies moving forward.
“Over the past several years GSBC has developed and acquired the finest in available technologies for the delivery of the digital message,” stated Ron Flynn, founder of GSBC. “The complement of our technologies with DigiCurve’s current digital presence and experience will enable the Company to reach a greater global audience for its products. We remain very excited and optimistic on the future of our digital media offerings.”
From DigiCurve’s SEC filings from late last fall:
DigiCurve, Inc. (“the Company”) is in the initial development stage and has incurred losses since inception totalling $44,611. The Company was incorporated on July 21, 2004 in the State of Nevada. The Company was organized to enter into the online content provider industry specializing in images of physically fit athletic females. The Company has created a subscription-based website branded “HerFlexAppeal” where the Company’s content will be available for viewing and downloading. The Company has a revenue sharing agreement with Diana The Valkyrie whereby Diana The Valkyrie will provide website design and server space, technical support, administration and billing in return for 50% of revenues.
The Company requires additional funding to meet its ongoing obligations and operating losses. The ability of the Company to continue as a going concern is dependant on raising capital to fund its initial business plan and ultimately to attain profitable operations. Accordingly, these factors raise substantial doubt as to the Company’s ability to continue as a going concern.
DigiCurve’s website, and business to date, appears to be selling photos of female bodybuilders posing in their bikinis and other minimal bits of clothing.
I wonder if Diana the Valkyrie will be part of the blended management team, as that would certainly give the firm a leg up on the rest of us. Lord knows we hadn’t even thought about recruiting a shieldmaiden on a winged horse.
Bill Gerba offers a great, concise set of comments on all this:
Let’s see if I have this straight:
* Preposterous business model with impossible goals… Check.
* Information-less press releases full of speculative language and grandstanding… Check.
… the trifecta is in play …
* Reverse shell merger to get listed on a public board without having to get vetted by the SEC… Check.
Dave Haynes is the founder and editor of Sixteen:Nine, an online publication that has followed the digital signage industry for some 14 years. Dave does strategic advisory consulting work for many end-users and vendors, and also writes for many of them. He’s based near Halifax, Nova Scotia, on Canada’s east coast.