SLAW St. Lawrence Energy Corp Invests in Korean Shipbuilder NOK-BONG

[MWM]

Korean Shipbuilder Invests in U.S. Company and Will Design and Build Ocean-Going Vessels to Transport Ethanol and Other Fuels to and from the U.S.

NOK-BONG Ship Building Co., Ltd. Uses its Stock to Purchase $30 Million of Shares of St. Lawrence Energy Corp (OTC: SLAW); St. Lawrence Now Has 33% Stake in NOK-BONG
Jan 8, 2008 3:33:00 PM
Copyright Business Wire 2008
View Additional ProfilesNEW YORK--(BUSINESS WIRE)--

Korean ship builder NOK-BONG Ship Building Co., Ltd. (NBS) has purchased 20,000,000 unissued shares of common stock in St. Lawrence Energy Corp. (OTC: SLAW), a Delaware corporation, at a price per share of $1.50, for $30 million.

Concurrently St. Lawrence Energy is making an investment in purchasing 400,000 shares of NOK-BONG common stock for $30 million. As a result, St. Lawrence now owns approximately 33% of NOK-BONG.

With the transaction, St. Lawrence Energy enters the energy sector, including renewable energy and transportation.

St. Lawrence Energy's initial business will involve the ownership of six new ships designed and constructed by NOK-BONG to transport ethanol and other fuels between U.S. ports and worldwide markets in an effective, cost-efficient way. Because of the investment in NOK-BONG, St. Lawrence Energy will be able to obtain the ships from NOK-BONG sooner than otherwise possible, a significant advantage, given the multi-year backlog now existing in shipyards around the world.

Said Robert Mitchell, CEO of St. Lawrence Energy, "This transaction is an exciting and important event. It launches us into a business that fills a great need - serving and advancing the renewable energy sector."

He added, "We believe our initial shipping business can help solve the problem of transporting ethanol and other fuels inexpensively, safely and effectively. These vessels are designed to leverage the relative cost-effectiveness of shipping, and also prevent the corrosion and evaporation that make ethanol transit in traditional vessels difficult and sometimes impossible."

For more information, please contact Alexandra Corriveau at Sommerfield Communications, Inc. at 212-255-8386 or alexandra@sommerfield.com.

About NOK-BONG Ship Building

NOK-BONG Ship Building Co., LTD was founded in 1997 and is organized under the laws of the Republic of Korea. It builds small- and medium-sized vessels that weight up to 10,000 tons.

About St. Lawrence Energy Corp.

St. Lawrence Energy Corp. (OTC: SLAW) is a Delaware company focused on the energy sector, including renewable energy and chemical transportation.

Source: St. Lawrence Energy Corp.

[MWM]

http://www.nokbong.co.kr/

Look under business reports these guys are churning out some pretty big ships...

[MWM]

Link to former thread old symbol UOMD
http://www.hotstockmarket.com/forums...-2-5-07-a.html

[MWM]

From the Website...

2005 AUG. CHANGED REPRESENTATIVE DIRECTOR. (J.J.HAN --> J.S.YOO)
JUL. INCREASED THE CAPITAL 4 BILLION WON. (TOTAL 6 BUILLION WON)
MAY. CHANGED REPRESENTATIVE DIRECTOR. (U.J.KIM --> J.J.HAN)

2002 OCT. EXTENDED NO.2 SLIPWAY CAPACITY UPTO 12,000 DWT.
SEP. COMPLETED NEW HEAD OFFICE BUILDING.(ABT. 750㎡)
APR. COMPLETED WEST PIER.(ABT. 1050㎡)

2001 NOV. COMPLETED CUTTING & SUB. ASSEMBLY SHOP.(ABT. 950㎡)
MAY. COMPLETED EAST PIER.(ABT. 1799㎡)
JAN. INCREASED THE CAPITAL 1.7 BILLION WON.(TOTAL 5.0 BILLION WON.)

200 DEC. INCREASED THE CAPITAL 1.6 BILLION WON.(TOTAL 3.3 BILLION WON.)

1999 JUN. INCREASED THE CAPITAL 1.0 BILLION WON.
(TOTAL 1.7 BILLION WON.)

1998 DEC. CHANGED OF COMPANY NAME.
(NOKBONG CO. LTD. → NOKBONG SHIP BUILDING CO., LTD.)

1997 NOV. MOVED HEAD OFFICE FROM HADONG-GUN TO KOJE.

MAR. CHANGED COMPANY STATUS TO CORPORATIVE ORGANIZATION.
(NOKBONG CO., LTD.)

APR. ESTABILISHED SUNG-PO SHIPBUILDING CO., LTD.

[MWM]

This one might do something insane here!

.651 x 1.40

[MWM]

1.25 X 1.90

[mcundith]

wow nice pick MWM

[MWM]

Here are the last 3 ships NOK-BONG has produced...
http://www.nokbong.co.kr/

[MWM]

St. Lawrence Energy Corp. (OTC: SLAW) to Enter a Strategic Relationship with 3SOFT of Korea to Develop and Manufacture Solar Energy Technology Products
3SOFT to Invest $10 Million in St. Lawrence
Jan 14, 2008 11:27:00 AM
Copyright Business Wire 2008
View Additional ProfilesNEW YORK--(BUSINESS WIRE)--

Renewable energy company St. Lawrence Energy Corp. (OTC: SLAW) will enter into a strategic alliance to develop and manufacture solar technology products with 3SOFT of Korea.

As part of the alliance relationship, 3SOFT will provide R&D manufacturing capability to, and invest $10 million in St. Lawrence for use in developing improved-efficiency, advanced- nano-technology solar energy products. Meanwhile, St. Lawrence will provide the research and prototype development for new products to be introduced and sold in the global market.

Said Robert Mitchell, CEO of St. Lawrence Energy, "We're very excited about our strategic relationship with 3SOFT. Because of 3SOFT's precision manufacturing sophistication, this relationship will provide the additional leverage needed to hasten development and market penetration of new solar products."

3SOFT, a public company listed on the Korean KOSDAQ, will make its investment in St. Lawrence, a Delaware corporation, by purchasing $10 million of authorized but un-issued shares of St. Lawrence stock at a minimum price of $1.50 per share during the first quarter of 2008.

Last week, St. Lawrence entered the renewable energy transport business in a transaction with NOK-BONG Ship Building Co., Ltd. of Korea through which St. Lawrence will own six new ships designed to transport ethanol and other fuels. The transaction involved a purchase by NOK-BONG of 20 million shares of St. Lawrence stock for $30 million and St. Lawrence, in turn, purchasing 400,000 shares of NOK-BONG stock for $30 million.

For more information, please contact Alexandra Corriveau at Sommerfield Communications, Inc. at 212-255-8386 or alexandra@sommerfield.com

About 3SOFT

3SOFT is based in Seoul Korea, where it develops, manufactures and markets sophisticated technology precision instruments and systems.

About St. Lawrence Energy Corp.

St. Lawrence Energy Corp. (OTC: SLAW) is a Delaware company with a focus on the energy sector, including the development, sales and transportation of renewable energy products.

Source: St. Lawrence Energy Corp.