Global Holdings, Inc.
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Worldwide Food Services, Inc. has established an international marketing and distribution system for food, beverage and vending products in the global economy with a focus on the US Government sector.
Earnings refers to the amount of profit that a company generates during a specific period, and is one of the most studied metrics on a company's financial statement. Earnings are an important metric because they indicate the company's profitability.
Revenue is the amount of money that a company receives due to its business activities over a specific period. Revenues that continually increase show positive growth, and earnings typically follow.
are the costs associated with conducting business, and include employee wages, leases and deprecation. As a company grows, its expenses tend to increase correspondingly, so increasing expenses are not necessarily a bad thing. However, when expenses continually grow, as a percentage, more rapidly than revenues and profits, then there may be a problem.
Payroll $ 158,619
Cost of Goods $ 2,819,501
Total operating expense $ 3,157,939
Net Profit from Operations $ 865,725
Earnings per Share (EPS)
Earnings per share are important in determining a share's price. It is the portion of a company's profit assigned to each outstanding share of the company's common stock. The value, calculated as Net Income - Dividends on Preferred Stock ÷ Average Outstanding Shares, acts as a gauge of a company's profitability.
Management Discussion and Analysis
Part I also contains the management's take on the financial health of the company. This can include an overview, a discussion comparing the most recent quarter with year-to-date performance and previous quarters, information regarding risks the company is facing, and forward-looking statements. Many CEOs will provide an assessment of where they see businesses are headed.
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The short term (one year) potential is in the hundreds of millions in revenues. Longer term (3-5 years), this
segments will be a multi-billion dollar category. The profits due to mass purchases, rebates from major
manufactures (already in place), and synergies from tie-in partners such as custodial companies to service these
locations is proportionate to the revenue growth.
Part 2 of the earnings report contains Item 1 Legal Proceedings, and this is where any outstanding lawsuits are reports. Many lawsuits are settled out of court as nuisance claims, but major ones can have a negative effect on the company. Item 2: Risk Factors details any unusual risk to which the company is vulnerable, such as risks associated with new business activity or a proposed change in corporate structure. Extraordinary events, such as natural disasters, are typically overlooked by analysts, since they are unlikely to happen again.
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A. Names of Officers, Directors, and Control Persons. In responding to this item, please provide the names of each
of the issuer's executive officers, directors, general partners and control persons (control persons are beneficial
owners of more than five percent (5%) of any class of the issuer's equity securities), as of the date of this
James McShane- President/Director
Dean Martin- Director
B. Legal/Disciplinary History. Please identify whether any of the foregoing persons have, in the last five years, been
the subject of:
1. A conviction in a criminal proceeding or named as a defendant in a pending criminal proceeding (excluding
traffic violations and other minor offenses);
2. The entry of an order, judgment, or decree, not subsequently reversed, suspended or vacated, by a court of
competent jurisdiction that permanently or temporarily enjoined, barred, suspended or otherwise limited such
person's involvement in any type of business, securities, commodities, or banking activities;
Please refer to the following link:
3. A finding or judgment by a court of competent jurisdiction (in a civil action), the Securities and Exchange
Commission, the Commodity Futures Trading Commission, or a state securities regulator of a violation of
federal or state securities or commodities law, which finding or judgment has not been reversed,
suspended, or vacated; or
4.The entry of an order by a self-regulatory organization that permanently or temporarily barred suspended or
otherwise limited such person's involvement in any type of business or securities activities.
Net changes is Deferred Tax Benefit
less than valuation account 0
Current Taxes Payable _______0
Net Provision for Income Taxes _______0
OWES NO TAXES
Cash & Equivalent $ 8,123
Accounts Receivable $ 3,420,416
Inventory $ 31,714
Total Current Assets $ 3,460,253
Fixed Assets less accumulated depreciation $ 5,110
Furniture & Fixtures $ 11,192
TOTAL ASSETS $ 3,471,445
Wellness water has been under radar and this price per share I calculated doesnt reflect any deals with the water that will be announced soon.
WORLDWIDE FOOD SERVICES, INC. (PINKSHEETS: WFSV) announced today that the Company has signed a Memorandum of Understanding ("MOU") with a manufacturing company in Mexico to produce, bottle, and distribute Wellness Juices. This "Joint Venture" could lead to an acquisition.
This is huge!
Company has been fully reported, no shadyness,everything thing is done quietly, timed perfect, and 100% backed up on paper!
Congrats to those along for the ride!!!