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Avtar Singh Construction Company (EVDR) $30-Million Bid: Bihar Irrigation Project
Press Release Source: Evader, Inc. On Tuesday April 5, 2011, 3:45 pm DELHI, INDIA--(Marketwire - 04/05/11) - Evader, Inc. (PINK SHEETS:EVDR - News) (Evader, Inc.) subsidiary Avtar Singh Construction Company (ASCC), one of India's largest builders, has submitted a tender for an irrigation project in the state of Bihar estimated to be worth $30 million. This is one of the most prestigious projects for Bihar Irrigation Corporation's irrigation department. It comprises building a dam, head works, a main irrigation canal and a complete network of distributary channels with field channels. The present water shortage to the 32,680 hectares of agricultural land affecting residents of Bihar will be resolved by the completion of this project. Irrigation engineering projects provide the only means of irrigation in several tracts of land (including the bulk of chronically drought-affected areas), and the labour-intensive work provides extensive opportunities for rural employment. "We are proud to continue our relationship with Bihar Irrigation Corporation," says Evader CEO S. Avtar Singh Walia. "Managing the construction of this important project for the benefit of the people of Bihar would bring a great honour to ASCC and greatly increase our competitiveness in India's construction market." Evader will update its followers and shareholders on new developments shortly. |
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Evader, Inc. (EVDR) Completes Merger: Subsidiary ASCC; Corporate Introduction and Update
Press Release Source: Evader, Inc. On Wednesday April 6, 2011, 12:45 pm CHANDIGARH, INDIA--(Marketwire - 04/06/11) - Evader, Inc. (EVDR) (PINK SHEETS:EVDR - News) (Evader, Inc.) Further to the company news of Tuesday February 22, 2011 where amongst other things Evader, Inc. management announced the new subsidiary ASCC. The merger and acquisition is now fully completed and encompasses 100% of ASCC. EVDR management is of the opinion that ASCC is a perfect fit within their growing company. EVDR recently announced (April 5, 2011) that it has submitted a tender for an irrigation project in the state of Bihar estimated to be worth $30 million. Other past projects of ASCC include building a section of India's "Golden Quadrilateral Highway." Mr. Walia, Managing Director of ASCC and current President of EVDR stated, "ASCC management saw great potential in the marriage of ASCC and EVDR. The size and revenues ASCC as a company has to offer to EVDR and its shareholders is a game changer for all concerned. We intend to organically and successfully grow our customer base and expand on the growing Indian construction market. In other company news, EVDR has commenced filing its financials with OTC Markets. To date, Year End Financials 2010 have been posted. Note that these financials only represent activities of EVDR and are not consolidated statements of both EVDR and its subsidiary ASCC business activities. Under the guidelines, the consolidated statements will be filed commencing from the date of the merger. The company is in process of filing last two years quarterly statements and year end statements to aid and comply with OTC Markets rules in an effort to raise EVDR ranking icon from "Stop" to "Yield." Full adequate disclosure documents are currently being drafted, and will be filed with OTC Markets including a legal opinion. The company is advised that the process should be completed within the next 45-60 days and may result in the company obtaining a "Current Information" tier status with OTC Markets. EVDR is currently in the process of being OTC Verified OTC Verify with the full report scheduled to be publicly released by the end of April 2011. The company intends to release more details will shortly and on a more frequent basis. About ASCC ASCC is one of the major developers of India, with strong ties to Provincial and Central Government of India (NHAI- National Highway Authority of India) and World Bank funded projects. The company has achieved solid growth since its incorporation in 1987, and shows annual turnover of about $3.5 million U.S. ASCC is professionally managed and involved in executing large civil engineering projects, with an emphasis on roads, bridges, dams, earthwork and highways, and promoter-colonizer of housing complexes, all demanding a high degree of skill and expertise. |
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ASCC Construction (EVDR) Commences Work on World-Class Indian Leisure and Residential Community
Press Release Source: Evader, Inc. On Tuesday April 12, 2011, 3:45 pm DELHI, INDIA--(Marketwire - 04/12/11) - Evader, Inc. (PINK SHEETS:EVDR - News) (Evader, Inc.) subsidiary ASCC Construction is pleased to announce that it has commenced work on a world-class leisure and residential community called Dee Ess Estate in Chandigarh, India. The Dee Ess Estate is spread over approximately 25 acres. It's envisioned as a complete, self-contained township spread around an 18-hole championship golf course, a five-star hotel and club. Every home is designed to the most demanding international standards. The community will be a haven of lush green meadows, modern facilities, wide roads, environmentally friendly features, secure living and a suburban lifestyle. "These are one-of-a-kind duplex houses that are being developed to suit the growing demands of higher income people in and around Chandigarh," says Evader CEO S. Avtar Singh Walia. ASCC Real Estate's involvement with this exciting project is another important revenue stream for Evader and should help make it a more attractive investment target. Evader will update its followers and investors on all new developments on a timely basis. |
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Evader, Inc. (EVDR) Subsidiary ASCC to Enter New Business Sectors
Power Transmission and Water Supply tweet0EmailPrint..Companies:Esarati Electric Technologies Corp..Related Quotes Symbol Price Change EVDR.PK 0.0025 +0.0005 {"s" : "evdr.pk","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00", "o" : "","j" : ""} Press Release Source: Evader, Inc. On Thursday June 2, 2011, 3:45 pm CHANDIGARH, India, June 2, 2011 /PRNewswire/ -- Evader, Inc. (Pink Sheets:EVDR.pk - News) (Evader, Inc.) subsidiary ASCC is pleased to announce that ASCC is all set to enter two major sectors - power transmission and water supply. ASCC builds roads, ports, hydropower, urban infrastructure, airports, special economic zones and water and wastewater management projects, amongst others. With this experience, the company applied for qualification for two projects under the Rural Electrification Corporation (REC) and will shortly bid for two contracts in the these sectors. Mr. Walia, EVDR CEO and Managing Director, said, "The government of India has been keen on developing the transmission sector to support the aggressive development planned in the power generation space. One of these projects is cutting across a northern state and the other across a central state. If we win, we will have projects spanning across two states. The company would use its expertise to execute these projects if it wins. "In line with this, the state-owned Punjab State Transmission Corporation Ltd. (P.S.T.C.L.) has planned a number of transmission project tenders. It is expected to spend close to $ 1 billion for setting up such projects. This means players in this arena will have their hands full into the gestation period for transmission projects is over 18 months. "ASCC has also bid for two water supply projects for suburban municipal corporation Mohali." Mr. Walia said, "water is the single biggest need and opportunity. ASCC is interested only in supplying water to municipal bodies or for commercial purposes." More details will follow. |
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Evader Inc. (EVDR) 529 Million Share Buyback From Majority Shareholder
tweet0EmailPrint..Companies:Esarati Electric Technologies Corp..Related Quotes Symbol Price Change EVDR.PK 0.0047 +0.0004 {"s" : "evdr.pk","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00", "o" : "","j" : ""} Press Release Source: Evader, Inc. On Monday June 6, 2011, 3:44 pm HENDERSON, Nev., June 6, 2011 /PRNewswire/ -- Evader, Inc. (Pink Sheets:EVDR.pk - News) management announces steps to reduce the number of outstanding shares by more than 529 million (529,595,313). These are restricted shares being purchased from a majority shareholder. The current outstanding share structure of EVDR (see OTC Markets) EVDR Evader, Inc.: Reporting Status, Officers, Directors for Evader, Inc. - OTCMarkets.com sits currently at 880 million. This will be reduced by 529 million shares to be approximately 351 million outstanding shares. The authorized shares will remain undisturbed at 980 million. EVDR expects this step to positively and significantly affect and increase the company value and establish a closer relationship with the shareholders. EVDR expects the seller and majority shareholder Videolocity Inc. to be in the position to complete the transaction and return the stock to treasury of EVDR within the next 10 business days. This purchase and share reduction to the new outstanding shares of 351 million will consist of about 237 million free trading shares and 114 million restricted shares. In other company news and events, as previously announced and by this current action EVDR is committed and in the process of taking the company up to a new level. Harry Wallia, EVDR' CEO said, "ASCC is constantly preparing itself for AUDIT and would definitely fulfill all NASDAQ Small Cap requirements in the current financial year itself." This is the company game plan moving forward. More updates to follow shortly, and frequently. |
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