Capital Resource Alliance, Inc.
Symbol: CRRA
Current Price: $0.25
Snapshot - "CRRA announced last week on August 10th, a letter of intent to acquire a revolutionary new building system through the acquisition of the principal assets of Engineered Construction Solutions, Inc. At closing on or before October 31, 2009, the acquisition would include assets including proprietary technology and intellectual property involved with the manufacture and marketing of "WonderWall." In recessionary times, it is important to build as cost effective as possible with the traditional strength expected. The WonderWall system allows for earlier completion and on site creation with its ceramic foam, which is fire and water proof. The product can be used for office buildings, upscale homes, schools, condominiums and many other types of buildings! Make sure to make note that the acquisition has not closed yet, but CRRA is noticeably starting to gain a lot of attention from investors and moving higher in price!"
In an 8-K Filing by CRRA in February, the company decided in a meeting to move the offices of Capital Resource Alliance, Inc. to Calgary. The company CRRA is looking to purchase assets from, Engineered Construction Solutions Inc., is based out of Calgary.
The possible closing of the acquisition of the "WonderWall" technology could be less than two and a half months away! It looks as if investors are already beginning to position themselves with CRRA trading major volume the past five trading days and a solid move higher in price!
The terms of the purchase are forty million shares of Capital Resource Alliance, Inc. common stock at closing plus an undertaking to use every effort to supply up to $500,000 working capital on or before the closing date of October 31, 2009. Mr. Ray Gordon, President and CEO of Engineered Construction Solutions Inc. has agreed to join the Board of Capital Resource Alliance Inc. and assume the office of President and CEO of the purchasing corporation.
As always, make sure to complete your own due diligence and understand that the acquisition is pending and that CRRA's share price depends a lot upon this event. CRRA is expected by Engineered Construction Solutions, Inc. to supply up to $500,000 in working capital on or before the closing date of October 31, 2009.
Recent News - On August 14th - Capital Resource Alliance Announces Agreement to Obtain $500,000 in Financing. The agreement, which is being formalized, calls for five monthly tranches of $100,000 to be used to expand marketing efforts with interested government and private concerns in several third-world countries. Read the full press release for further details.
On August 10th - Capital Resource Alliance Announces Letter of Intent to Acquire Revolutionary New Building System. The PR discusses the potential acquisition and the "WonderWall" building system.
CRRA Chart - CRRA has a relatively fresh chart. CRRA has begun to trade significant volume the past five trading days and has started an uptrend, trading a higher high the past five trading days. We believe CRRA could start to see even more significant attention. This is a very new active stock in its early stages and investors are already starting to discover it!
For More Information on CRRA, go to the website of the company that CRRA is looking to acquire at www.WonderWallinc.com.
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