ELINE ENTERTAINMENT GROUP, INC.

ELINE ENTERTAINMENT GROUP, INC.

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Company Overview
Eline Entertainment Group, Inc. is an American-based holding company involved in providing manufacturing solutions through its operating subsidiaries. It was incorporated in 1997 as Rapid Retrieval Systems Inc. As of April 2001, the company changed its name to Eline Entertainment Group. Its registered headquarters is located Knoxville, Tennessee.
The company has two operating divisions: Industrial Holding Group Inc., which is engaged in component sales, machining, specialty design, and fabrication; and 24/7MRI Inc., which operates as a development-stage business. Through these subsidiaries, Eline Entertainment is involved in the distribution of hurricane protection products, including lightweight translucent hurricane panel and conventional hurricane protection panels and systems, such as aluminum panels, steel panels, rolldown shutters, and accordion shutters. It also distributes rechargeable tools, hand tools, and electric generators, as well as other accessories. These products are distributed through a network of licensed dealers and independent retailers.
Business Summary
Eline Entertainment Group, Inc. (Eline) is a holding company that has two divisions: Industrial Holding Group, Inc. (Industrial Holding) and 24/7 MRI, Inc. (24/7 MRI). Industrial Fabrication and Repair, Inc. (IFR), a 51%-owned subsidiary of Industrial Holding, is engaged in component sales, machining, specialty design and fabrication. The Company has executed an agreement to divest it’s 51% holding in IFR. Storm Depot International Corp, a subsidiary of Industrial Holding, distributes hurricane protection. 24/7 MRI is a development-stage business, whose operations were discontinued during the fiscal year ended October 31, 2004. In August 2005, Eline purchased a controlling interest in the voting securities of CTD Holdings, Inc. (CTD), a company engaged in the cyclodextrin industry. In November 2010, the Company announced that its subsidiary, Let The Good Times Roll merged with Bad Boy Party Buses and Limos.
Description and history
Eline Entertainment Group, Inc. (Eline), incorporated in June 1997, is a holding company that has two divisions: Industrial Holding Group, Inc. (Industrial Holding) and 24/7 MRI, Inc. (24/7 MRI). Industrial Fabrication and Repair, Inc. (IFR), a 51%-owned subsidiary of Industrial Holding, is engaged in component sales, machining, specialty design and fabrication. The Company has executed an agreement to divest it’s 51% holding in IFR. Storm Depot International Corp, a subsidiary of Industrial Holding, distributes hurricane protection. 24/7 MRI is a development-stage business, whose operations were discontinued during the fiscal year ended October 31, 2004. In August 2005, Eline purchased a controlling interest in the voting securities of CTD Holdings, Inc. (CTD), a company engaged in the cyclodextrin industry. In November 2010, the Company announced that its subsidiary, Let The Good Times Roll merged with Bad Boy Party Buses and Limos. In November 2010, the Company completed its merger with Vu365.

Industrial Holding and IFR

IFR is engaged in component sales, machining, specialty design and fabrication for conveyer systems used in the movement of raw materials, finished goods and supplies in its customers’ manufacturing processes. IFR’s customers are engaged in various industries, including paper, steel mills, rock quarry operations, coal mining applications and bottling facilities located in the South Eastern United States. IFR’s customers include Coca-Cola, Pepsico, Kimberly-Clarke Corp., American Limestone, Gerdau-AmeriSteel, Vulcan Materials Co., Harrison Construction, Blue Diamond Coal, Carlex Glass, HBD Industries and Hartco Flooring.

Storm Depot International Corp.

In October 2004, the Company formed a wholly owned subsidiary, Storm Depot International Corp., which distributes hurricane protection products through a network of licensed dealers and independent retailers. Storm Depot International Corp.’s dealer outlets offer the public and the contracting trade a one-stop shopping solution for a range of hurricane protection and preparedness products. Storm Depot International Corp. distributes products through a network of 11 independent dealers, with nine located on the east coast of Florida, stretching from Boca Raton north to Sebastian, and then two on the west coast that cover the area from Sarasota north to Pensacola. Storm Depot International Corp. also distributes its products through various independent retailers located in the southeastern United States. Among the products distributed by Storm Depot International Corp. is its E-Panel product, a lightweight translucent hurricane panel. Storm Depot International Corp. also distributes conventional hurricane protection panels/systems, including aluminum panels, steel panels, rolldown shutters and accordion shutters. Storm Depot International Corp. also distributes a variety of rechargeable tools, hand tools and electric generators, plus an assortment of related accessories.

24/7 MRI

Eline formed 24/7 MRI in June 2003 to explore opportunities in the diagnostic imaging field. In April 2004, the Company ceased operations in the 24/7 MRI subsidiary.

CTD

CTD is subsidiary of the Company that sells cyclodextrins (Cyclodextrins or CDs) and related products to the food, pharmaceutical and other industries. CTD also provides consulting services in the area of commercialization of CD applications. CTD’s CD products include Trappsol, Aquaplex and AP-Flavor product lines. The Trappsol product line consists of approximately 200 different varieties of CDs and the Aquaplex product line includes more than 60 different complexes of active ingredients with various CDs.

Incorporated as Rapid Retrieval Systems Inc.

Business Line
Holding company involved in providing manufacturing solutions through its operating subsidiaries
Subsidiary
INNOVATION INVESTMENT COMPANY LTD
Advisor
BAUMANN, RAYMONDO & COMPANY, P.A.
IPO date
3/21/2006
US SIC Code
7374
Company Address
Suite 313
8905, Kingston Pike
City province or state postal code
37923, KNOXVILLE, TN
Phone: +1 215 895 9859
Fax:
Country address: UNITED STATES OF AMERICA
Website url: