JNTX - Jeantex Group, Inc. (OTCBB Stock)

[JGygli]

Henry D. Fahman, CEO

Principal Executive Financial Officer

Company Headquarters

17011 Beach Blvd., Suite 1230
Huntington Beach, CA. 92647

Telephone: (714) 843-5455
Facsimile: (714) 843-5451


****more info coming*****

[JGygli]

I have been in this for a couple of day's now, news is coming from my understanding.

What is to come in the news is a LOI, and share reduction info. The reduction is suppose to make the float under 6M. The LOI is suppose to be with a new green company with patents.

Will provide more info as I get it.

[JGygli]

Jeantex Group Provides Corporate Updates
Nov 25, 2009 9:55:00 AM
Email Story Discuss on ZenoBank

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LOS ANGELES, CA and BERLIN -- (MARKET WIRE) -- 11/25/09 -- Jeantex Group, Inc. (OTCBB: JNTX) (BERLIN: LEX) today announced that the company has completed a letter of intent with a Southeast Asian company whose principal business is in green infrastructure technology, holding several key patents that are believed to have significant worldwide impact on the industry.

According to the letter of intent, a definitive agreement is expected to be executed during the week of December 14, 2009 or shortly thereafter, subject to further due diligence review by the Company. The Company will issue a press release on the details of this transaction early next week.

The Company believes this new technology may qualify it for substantial assistance under the Energy Policy Act of 2005, which authorizes the U.S. Department of Energy to issue loan guarantees to eligible projects that "avoid, reduce, or sequester air pollutants or anthropogenic emissions of greenhouse gases" and "employ new or significantly improved technologies as compared to technologies in service in the United States at the time the guarantee is issued."

The Company's board of directors has also passed resolutions to reduce its authorized capital from 4,999,500,000 to 300 million authorized shares of $0.001 par value common stock. The Company has 75.4 million shares of common stock issued and outstanding, after taking into account 20.8 million shares that have been earmarked for cancellation. Currently there are approximately 5.2 million shares in the float.
About Jeantex Group, Inc.

Jeantex Group was previously engaged in the textile-apparel clothing industry, focusing on denim goods and accessories. Since the fourth quarter of fiscal year 2006, the Company has discontinued its apparel business and been actively seeking an acquisition or business combination opportunity to enhance value for its shareholders.

Safe Harbor: This news release contains forward-looking statements that are subject to certain risks and uncertainties Such forward-looking statements are based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected, on the basis of such forward-looking statements.

Contact:
Henry Fahman
Tel: 714-843-5455

[JGygli]

http://big.chart?symb=jntx&compidx=a...648&mocktick=1

[JGygli]

Info on the CEO:

•Henry D. Fahman

Born in Vietnam, more than 25 years experience in general management, finance, investments and corporate strategy. He holds a B.S., magna cum laude, in business administration from the University of California at Berkeley, with emphasis in finance and economic analysis and policy, and is a graduate of the Advanced Management Program (AMP166) from Harvard Business School. He has also attended other Executive Education programs at Harvard Business School and Stanford University, including Mergers and Acquisitions, Creating Corporate Advantage, and Advanced General Management. Previously, he served as a Resettlement Coordinator for the United Nations High Commissioner for Refugees. Mr. Fahman serves as Chairman, CEO, and Acting CFO of PHI Group, Inc. He also serves as Chairman of PhiLand Ranch Ltd, a Singapore public company, and Chairman of PHI Mining Group, Inc., both of which are majority-owned subsidiaries of PHI GROUP.

In addition, Henry D. Fahman was Awarded Businessman of the Year and Named to the 2003 Republican Chairman's Honor Roll.

Providential Holdings' CEO Henry D. Fahman Awarded Businessman of the Year and Named to the 2003 Republican Chairman's Honor Roll | Business Wire | Find Articles at BNET

Look what Henry Fahman did with Cavico Corp (CAVO)… Impressive!

“Through business combinations and reverse mergers, Henry Fahman has successfully brought a number of companies public, most notably Cavico Corporation (Pink Sheets: CAVO). Cavico, an infrastructure construction company with $45 million in revenue in 2005 and $500 million in orders on its books, is the first Vietnamese company to be publicly traded company in the United States. Cavico is working to become fully compliant on a reporting basis so the company can move to a senior U.S. exchange. Providential owns 2 million shares in Cavico and is working with the company to finance several major joint venture infrastructure projects in Vietnam.”

[JGygli]

On watch for news!

[JGygli]

Jeantex Signs Letter of Intent to Acquire Majority Stake in Southeast Asian Company
LOS ANGELES, CA and BERLIN -- (Marketwire) -- 12/02/09 -- Jeantex Group, Inc. (OTCBB: JNTX) (BERLIN: LEX) today announced that the company has signed a letter of intent with HJ Construction Materials Co., a South Korean construction and technology company, to acquire a majority interest in this company together with technology transfer for worldwide green infrastructure business.

HJ Construction Materials Co. has contractually developed, patented and implemented a breakthrough eco-friendly way of manufacturing the most used building materials in the world such as asphalt and cement, made with patented nano-technology. The products are made from 100% renewable waste ingredients mainly from the production of edible oils. The advantages of this innovative technology include lower costs of manufacturing and maintenance, longer life, absence of toxicity, weather and mold resistance, and non-reliance on petroleum by-products.

As indicated in recent national press releases, an asphalt shortage is delaying road maintenance projects in communities nationwide. Asphalt is becoming scarce as U.S. refiners overhaul their equipment to maximize output of highly profitable fuels such as diesel and gasoline. The asphalt shortage has led to a threefold increase in prices, according to the Associated Press. The report noted that Utah alone had delayed about 50 transportation projects, leading to considerable added costs.

The U.S. government plans to spend several hundreds of billions of dollars on infrastructure projects to create jobs and boost the ailing economy. But road and bridge repairs will require a lot of asphalt. The Company believes this new technology should qualify it for significant assistance under the Energy Policy Act of 2005, which authorizes the U.S. Department of Energy to issue loan guarantees to eligible projects that avoid, reduce, or sequester air pollutants or anthropogenic emissions of greenhouse gases and employ new or significantly improved technologies as compared to technologies in service in the United States at the time the guarantee is issued. The Company plans to apply for assistance under this program once the acquisition is completed.

The Company anticipates executing a definitive agreement for the acquisition and technology transfer during the week of December 14, 2009 and expects to generate several hundred million dollars in revenue from business in Asia and North America. With additional contracts scheduled to be signed at the same time, the Company will update its shareholders and the investment community upon the consummation of the definitive agreement and upcoming milestones in the near future.
About Jeantex Group, Inc.

Jeantex Group was previously engaged in the textile-apparel clothing industry, focusing on denim goods and accessories. Since the fourth quarter of fiscal year 2006, the Company has discontinued its apparel business and been actively seeking an acquisition or business combination opportunity to enhance value for its shareholders.

Safe Harbor: This news release contains forward-looking statements that are subject to certain risks and uncertainties. Such forward-looking statements are based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected, on the basis of such forward-looking statements.

Contact:

Henry Fahman

714-843-5455

[StockGoodies]

Catalyst Resource Group, Inc. (JNTX.OB)

17011 Beach Blvd.
Suite 1230
Huntington Beach, CA 92647

contact: Frank Pham
714-843-5459


Phone: (714) 843-5455







Summary


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Jeantex Group, Inc.'s root dated back to 1947 when it was first established as an Idaho mining company under the name "Western Silver-Lead Corporation." In its course of business over several decades the company has increased its authorized capital of common stock to 4,999,500,000 shares, a level the Board of Directors considers superfluous. The Company believes it is appropriate to change the corporate name to better reflect the new scope of business and prudent to reduce the amount of authorized capital to a reasonable level.


Jeantex Group was previously engaged in the textile-apparel clothing industry, focusing on denim goods and accessories. The Company discontinued its apparel business in the fourth quarter of 2006 and has been actively seeking an acquisition or business combination opportunity to enhance value for its shareholders. The Company is in the process of restructuring into two divisions, construction materials and energy and resources.

Products


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The Company has recently entered into agreements with Professor Bernadus Prawoto of Jakarta, Indonesia, who has successfully invented and patented innovative green technologies for synthetic asphalt, roofing materials, bio-fuels, and cosmetic products. In addition, Jeantex Group has signed an agreement to acquire a 49 percent equity stake in Kyung Ki Jae Il Kwang Up Soh (KJS), a South Korean corporation engaged in coal mining. The Company will issue an update on these transactions and other developments in the next few weeks.

HJ Construction Materials Co. has contractually developed, patented and implemented a breakthrough eco-friendly way of manufacturing the most used building materials in the world such as asphalt and cement, made with patented nano-technology. The products are made from 100% renewable waste ingredients mainly from the production of edible oils. The advantages of this innovative technology include lower costs of manufacturing and maintenance, longer life, absence of toxicity, weather and mold resistance, and non-reliance on petroleum by-products.
As indicated in recent national press releases, an asphalt shortage is delaying road maintenance projects in communities nationwide. Asphalt is becoming scarce as U.S. refiners overhaul their equipment to maximize output of highly profitable fuels such as diesel and gasoline. The asphalt shortage has led to a threefold increase in prices, according to the Associated Press. The report noted that Utah alone had delayed about 50 transportation projects, leading to considerable added costs.

The U.S. government plans to spend several hundreds of billions of dollars on infrastructure projects to create jobs and boost the ailing economy. But road and bridge repairs will require a lot of asphalt. The Company believes this new technology should qualify it for significant assistance under the Energy Policy Act of 2005, which authorizes the U.S. Department of Energy to issue loan guarantees to eligible projects that avoid, reduce, or sequester air pollutants or anthropogenic emissions of greenhouse gases and employ new or significantly improved technologies as compared to technologies in service in the United States at the time the guarantee is issued. The Company plans to apply for assistance under this program once the acquisition is completed.

The Company anticipates executing a definitive agreement for the acquisition and technology transfer during the week of December 14, 2009 and expects to generate several hundred million dollars in revenue from business in Asia and North America. With additional contracts scheduled to be signed at the same time, the Company will update its shareholders and the investment community upon the consummation of the definitive agreement and upcoming milestones in the near future.

Market Info



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Henry Fahman, CEO
Born in Vietnam, more than 25 years experience in general management, finance, investments and corporate strategy. He holds a B.S., magna cum laude, in business administration from the University of California at Berkeley, with emphasis in finance and economic analysis and policy, and is a graduate of the Advanced Management Program (AMP166) from Harvard Business School. He has also attended other Executive Education programs at Harvard Business School and Stanford University, including Mergers and Acquisitions, Creating Corporate Advantage, and Advanced General Management. Previously, he served as a Resettlement Coordinator for the United Nations High Commissioner for Refugees. Mr. Fahman also serves as Chairman of PhiLand Ranch Ltd, a Singapore public company, and Chairman of PHI Mining Group, Inc., both of which are majority-owned subsidiaries of PHI GROUP



shs decreased by 1 for 10 split
Pay Date: Oct 14, 2003

Par Changed=$0.001 from 5 Cents. Basis: approval by shareholders at Special Meeting of Shareholders 8-16-02

Formerly=Jeantex Group, Inc. until 2-10
Formerly=Lexor Holdings, Inc. until 7-05

Formerly=Western Silver-Lead Corp. until 10-03


Fiscal Year End 12/31

Estimated Market Cap
$11,550,984 as of Mar 26, 2010
Outstanding Shares
96,258,196 as of Mar 31, 2008