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                    [ArticleID] => 359496
                    [Title] => Cashrounds changes name, hikes capital stock to P1.3B
                    [Summary] => 



The Securities and Exchange Commission (SEC) has approved the application of online business matchmaker and publicly-listed company Cashrounds Inc. to increase its authorized capital stock from P40 million to P1.3 billion as well as change its corporate name to Information Capital Technology Ventures Inc.


The increase in capitalization was sought to accommodate the need to issue new Cashrounds shares to the controlling shareholders of mobile phone company Next Mobile Inc. (NMI) in exchange for a 19 percent stake in the telecom company.


                    [DatePublished] => 2006-09-23 00:00:00
                    [ColumnID] => 133272
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                    [SectionName] => Business
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                    [URL] => 
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            [1] => Array
                (
                    [ArticleID] => 335721
                    [Title] => Next Mobile sets 5-yr expansion
                    [Summary] => Next Mobile has embarked on an ambitious five-year expansion plan that aims to increase its subscriber base to as much as 300,000 by the end of the program period.


The number however can easily reach a million if NMI succeeds in securing the last remaining 3G (third generation of mobile communications technology) frequency which has not yet been awarded by the National Telecommunications Commission, which earlier this year granted NMI the authority to offer cellular mobile telephone system (CMTS) services.


                    [DatePublished] => 2006-05-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 335556
                    [Title] => Cashrounds to raise P1.25B for Next Mobile expansion
                    [Summary] => Publicly listed Cashrounds will be raising at least P1.25 billion ($25 million) by the second half of this year primarily to finance the expansion of its wireless subsidiary Next Mobile Inc. (NMI).


Cashrounds earlier entered into a memorandum of agreement with the five controlling shareholders of NMI to swap shares that would result in NMI shareholders gaining control of Cashrounds to the extent of 99 percent and the latter in turn owning 97 percent of NMI. The parties agreed on a closing date of July 31, 2006. 


                    [DatePublished] => 2006-05-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
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                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 335066
                    [Title] => Cashrounds to expand IT platform
                    [Summary] => Publicly-listed Cashrounds plans to expand its existing information technology platform in order to introduce related products and services and integrate wireless communications technology.


Cashrounds earlier entered into a memorandum of agreement with digital trunk radio company Next Mobile Inc. (NMI) and five other companies namely Top Mega Enterprises, Joycelink Holdings, Gamboa Holdings, Emerald Investments and Food Camp Industries which are the shareholders of NMI to swap shares of stocks.


                    [DatePublished] => 2006-05-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 302695
                    [Title] => Razon-led group mulls entry into mobile phone business
                    [Summary] => A group identified with businessman Enrique Razon of cargo handling firm International Container Terminal Services Inc. (ICSTI) is eyeing to venture into mobile telephony service, highly placed sources told the STAR. 


Razon, together with former Home Cable executive Tritz Server, has acquired Multi-Media Telephone Inc. from the De Venecia family. Multi-Media is applying with the National Telecommunications Commission (NTC) for a license to engage in mobile telephony using the third-generation (3G) mobile technology. 


                    [DatePublished] => 2005-10-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 296486
                    [Title] => PSE okays proposal on firms buying into listed shell companies
                    [Summary] => The Philippine Stock Exchange (PSE) has approved a proposal requiring companies intending to buy into a listed shell corporation to comply first with the requirements for undergoing an initial public offering.


PSE president Francis Lim said the move is intended to provide adequate protection to the investing public by discouraging indirect or backdoor listing.


                    [DatePublished] => 2005-09-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 289616
                    [Title] => ICE campaign
                    [Summary] => Here’s some useful tip from my inbox which I believe government or even our mobile phone service providers should adopt as a campaign. 


Following the London bombing, an English Ambulance Service has launched an international "In Case of Emergency (ICE) campaign," as they have discovered that at almost every accident scene there is a working mobile phone on the victim. 


                    [DatePublished] => 2005-08-03 00:00:00
                    [ColumnID] => 134315
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 281714
                    [Title] => New PLDT board
                    [Summary] => The following have been elected to the board of the Philippine Long Distance Telephone Co., (PLDT) during yesterday’s stockholders’ meeting and annual election of directors. They are Manuel Pangilinan, Napoleon Nazareno, Antonio Cojuangco, Helen Yuchengco-Dee, Ray Espinosa, Sadao Maki and Shigeru Yoshida representing Japan’s NTT, Corazon dela Paz, Albert del Rosario, and independent directors Fr. Bienvenido Nebres, Oscar Reyes, Pedro Roxas, and Teresita Sy-Coson. It’s basically a reelection of the old board.
                    [DatePublished] => 2005-06-15 00:00:00
                    [ColumnID] => 134315
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 280388
                    [Title] => Next Mobile acquires 33% of Cashrounds
                    [Summary] => Gamboa Holdings, a subsidiary of the Velarde Group of Companies and part-owner of digital trunk radio firm Next Mobile, finally pushed through with plans to acquire an initial one-third stake in publicly listed company Cashrounds for P36.9 million. 


                    [DatePublished] => 2005-06-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [9] => Array
                (
                    [ArticleID] => 271297
                    [Title] => Next Mobile shareholder acquires two-thirds stake in publicly-listed Cashrounds
                    [Summary] => One of the shareholders of digital trunk radio company Next Mobile Inc. (NMI) has acquired a two-thirds stake in publicly-listed company Cashrounds, raising speculations that NMI, which has recently junked a merger deal with another listed firm Premier Entertainment Productions (PEP), is eyeing another vehicle for its planned backdoor listing. 


                    [DatePublished] => 2005-03-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
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                )

        )

)

CASHROUNDS

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    [results] => Array
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                (
                    [ArticleID] => 359496
                    [Title] => Cashrounds changes name, hikes capital stock to P1.3B
                    [Summary] => 



The Securities and Exchange Commission (SEC) has approved the application of online business matchmaker and publicly-listed company Cashrounds Inc. to increase its authorized capital stock from P40 million to P1.3 billion as well as change its corporate name to Information Capital Technology Ventures Inc.


The increase in capitalization was sought to accommodate the need to issue new Cashrounds shares to the controlling shareholders of mobile phone company Next Mobile Inc. (NMI) in exchange for a 19 percent stake in the telecom company.


                    [DatePublished] => 2006-09-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
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                    [URL] => 
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                (
                    [ArticleID] => 335721
                    [Title] => Next Mobile sets 5-yr expansion
                    [Summary] => Next Mobile has embarked on an ambitious five-year expansion plan that aims to increase its subscriber base to as much as 300,000 by the end of the program period.


The number however can easily reach a million if NMI succeeds in securing the last remaining 3G (third generation of mobile communications technology) frequency which has not yet been awarded by the National Telecommunications Commission, which earlier this year granted NMI the authority to offer cellular mobile telephone system (CMTS) services.


                    [DatePublished] => 2006-05-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 335556
                    [Title] => Cashrounds to raise P1.25B for Next Mobile expansion
                    [Summary] => Publicly listed Cashrounds will be raising at least P1.25 billion ($25 million) by the second half of this year primarily to finance the expansion of its wireless subsidiary Next Mobile Inc. (NMI).


Cashrounds earlier entered into a memorandum of agreement with the five controlling shareholders of NMI to swap shares that would result in NMI shareholders gaining control of Cashrounds to the extent of 99 percent and the latter in turn owning 97 percent of NMI. The parties agreed on a closing date of July 31, 2006. 


                    [DatePublished] => 2006-05-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 335066
                    [Title] => Cashrounds to expand IT platform
                    [Summary] => Publicly-listed Cashrounds plans to expand its existing information technology platform in order to introduce related products and services and integrate wireless communications technology.


Cashrounds earlier entered into a memorandum of agreement with digital trunk radio company Next Mobile Inc. (NMI) and five other companies namely Top Mega Enterprises, Joycelink Holdings, Gamboa Holdings, Emerald Investments and Food Camp Industries which are the shareholders of NMI to swap shares of stocks.


                    [DatePublished] => 2006-05-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 302695
                    [Title] => Razon-led group mulls entry into mobile phone business
                    [Summary] => A group identified with businessman Enrique Razon of cargo handling firm International Container Terminal Services Inc. (ICSTI) is eyeing to venture into mobile telephony service, highly placed sources told the STAR. 


Razon, together with former Home Cable executive Tritz Server, has acquired Multi-Media Telephone Inc. from the De Venecia family. Multi-Media is applying with the National Telecommunications Commission (NTC) for a license to engage in mobile telephony using the third-generation (3G) mobile technology. 


                    [DatePublished] => 2005-10-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 296486
                    [Title] => PSE okays proposal on firms buying into listed shell companies
                    [Summary] => The Philippine Stock Exchange (PSE) has approved a proposal requiring companies intending to buy into a listed shell corporation to comply first with the requirements for undergoing an initial public offering.


PSE president Francis Lim said the move is intended to provide adequate protection to the investing public by discouraging indirect or backdoor listing.


                    [DatePublished] => 2005-09-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 289616
                    [Title] => ICE campaign
                    [Summary] => Here’s some useful tip from my inbox which I believe government or even our mobile phone service providers should adopt as a campaign. 


Following the London bombing, an English Ambulance Service has launched an international "In Case of Emergency (ICE) campaign," as they have discovered that at almost every accident scene there is a working mobile phone on the victim. 


                    [DatePublished] => 2005-08-03 00:00:00
                    [ColumnID] => 134315
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 281714
                    [Title] => New PLDT board
                    [Summary] => The following have been elected to the board of the Philippine Long Distance Telephone Co., (PLDT) during yesterday’s stockholders’ meeting and annual election of directors. They are Manuel Pangilinan, Napoleon Nazareno, Antonio Cojuangco, Helen Yuchengco-Dee, Ray Espinosa, Sadao Maki and Shigeru Yoshida representing Japan’s NTT, Corazon dela Paz, Albert del Rosario, and independent directors Fr. Bienvenido Nebres, Oscar Reyes, Pedro Roxas, and Teresita Sy-Coson. It’s basically a reelection of the old board.
                    [DatePublished] => 2005-06-15 00:00:00
                    [ColumnID] => 134315
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 280388
                    [Title] => Next Mobile acquires 33% of Cashrounds
                    [Summary] => Gamboa Holdings, a subsidiary of the Velarde Group of Companies and part-owner of digital trunk radio firm Next Mobile, finally pushed through with plans to acquire an initial one-third stake in publicly listed company Cashrounds for P36.9 million. 


                    [DatePublished] => 2005-06-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [9] => Array
                (
                    [ArticleID] => 271297
                    [Title] => Next Mobile shareholder acquires two-thirds stake in publicly-listed Cashrounds
                    [Summary] => One of the shareholders of digital trunk radio company Next Mobile Inc. (NMI) has acquired a two-thirds stake in publicly-listed company Cashrounds, raising speculations that NMI, which has recently junked a merger deal with another listed firm Premier Entertainment Productions (PEP), is eyeing another vehicle for its planned backdoor listing. 


                    [DatePublished] => 2005-03-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest