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TXTM getting accumulated bigtime as of late. Big run coming i think. Enjoy the ride from .0001!
SYTE .028 and profitable earning .01 per share last year
SYTE.... will make a big comeback this year imo. Multi-bagger in the making
MDKM highly profitable, undervalued with a lot of new developments.
ADTR with a very nice report. Huge profit and way undervalued.
SYTE still cranking out one profitable quarter after another. 2nd Quarter should be interesting
SHSN is another sub-penny that will be showing positive earnings again. Very low float and a beat up pps.
KLGE,Amazon.Com just started selling KLEGG Products. A PR should becoming out tomorrow.
The Las Vegas Expo starts tomorrow ,where KLEGG will be showcasing a whole new line of T.V.'s
The stock was up 90% last week,since I mentioned it on this board,it should do the same this coming week,if not more.
NEWS is OUT PRVH
owns 10% equity in this company and is responsible for bringing them to the American Exchanges.
I'm told more good news to follow.
http://www.ebigcorp.com/ebig/irpr/kw112006A.pdf
Please do your own DD before investing in any companies
PRVH NEWS IS OUT
PRVHE -- Providential Holdings, Inc.
Com (4 Cents)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Providential Holdings to Help Take Nanjing Rhine Pharmaceutical Technology Public in the U.S.
Providential to Arrange $5M to $10M in Expansion Financing
LOS ANGELES, CA and NANJING, CHINA, Nov 29, 2006 (MARKET WIRE via COMTEX) -- Providential Holdings, Inc. (OTCBB: PRVHE) (German Stock Exchanges: PR7, WKN 935160), a provider of international advisory services specializing in mergers and acquisitions, announced today an agreement with Nanjing Rhine Pharmaceutical Technology, Inc. (Rhine) to help take the company public in the United States. Providential will also arrange $5 million to $10 million in financing to expand Rhine's production facilities. In exchange, Providential will receive stock and/or cash from Rhine (www.rhinepharma.com). Final terms will be agreed upon prior to the signing of a business consulting agreement.
Rhine is a leader in the synthesis of high purity compounds for the biotechnology and pharmaceutical industry. Rhine has nine patents -- six Chinese and three international. The company is located in Nanjing's High Technology Industrial Development Zone in the province of Jiangsu, China. This area is China's premier biotech/pharmaceutical cluster. With emphasis on pharmaceutical synthesis including design, discovery and development of intermediary medical goods, Rhine has extensive back orders from major firms in the U.S., United Kingdom, EU, and China. Merck has been one of Rhine's frequent buyers.
Rhine's projected sales profit margins in 2007 are placed at over 50% and when restated for R&D costs that are expensed, the past profit margins are in line with these projections. The company, which is profitable and expects to post revenue of approximately $1.6 million in 2006, is debt free and shows a small capital surplus on its balance sheet. The company said that with an infusion of capital to expand production capacity, it expects net revenue to exceed $20 million and could potentially triple to over $60 million by 2008.
Shirley Zhu, Rhine's CEO, said, "Providential will help us realize the benefits of taking Rhine public in the United States either through an initial public offering, merger, reverse merger or a spin-off arrangement. We are grateful to have assistance from a company with expertise and capabilities in this area."
Chairman and CEO Henry Fahman said, "Rhine is an ideal candidate to go public on Wall Street. The company is not only strong financially, but it is extremely well positioned to benefit from its business relationships with Merck and other major Western pharmaceutical companies facilitated by a strong global network of strategic distribution channels. The management team is particularly strong with a wide range of pharmaceutical expertise and strong educational backgrounds including a number of Ph.D.s and qualified engineers. Going public in the United States will provide the company with access to capital to fund expansion and will provide investors with an excellent opportunity to participate in China's rapidly growing pharmaceutical industry."
Fahman added, "We are in active discussions with other companies in Vietnam and China that are seeking to go public in the U.S. We expect to announce more agreements like this one in the near future."
About Providential Holdings, Inc.
Providential Holdings and its subsidiaries engage in a number of diverse business activities, the most important of which are M&A advisory services and independent energy. The company acquires and consolidates special opportunities in selective high-growth industries to create additional value, acts as an incubator for emerging companies and technologies, and provides financial consultancy and M&A advisory services to U.S. and foreign companies. For more information on Providential Holdings and its subsidiaries, visit http://www.phiglobal.com. As part of its activities in Vietnam, Providential has been hosting seminars in conjunction with the Nasdaq Stock Market, the Vietnamese Chamber of Commerce and Industry and a leading U.S. investment-banking firm to help Vietnamese companies go public and raise capital through the U.S. financial markets.
A profile for investors can be accessed at http://www.hawkassociates.com/prvhprofile.aspx.
For investor relations questions regarding Providential, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info@hawkassociates.com, or visit http://www.americanmicrocaps.com or http://www.hawkassociates.com
Safe Harbor: This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made 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.
PRVH is up 70% in todays,a profitable penny stock
I agree
check out CKYS while you at it.
these are my two saving graces!
and IPKL....
Keith
It is amazing that they are selling on that incredible news. Future looks too bright to be selling anything under .03-.05 in my opinion. Even there would be too cheap but to sell under .01 in plain stupid with the numbers they just posted. PYPR has not even goten into their big contracts yet so what do we think next Q numbers will be when they add those in? Blowout!
and people are selling on the news!
incredible
Keith
A profitable Pink Sheet stock is a rare find. I found one that is on the verge of breaking from Sub to Pennies soon. PYPR just announced NET income this Q of $3,642,556! If you annualize this you have $14,570,224, but they also announced that the last Q did not include any of the new major contracts they have received. The major contracts will be showing up in the 4th Q so numbers should be much better. But just taking what they have and giving PYPR a PE of 20 get a market cap of 291 million divide by 5.63 billion and you would get .05 per share. That is seven times the price it is now. But they are retiring 2 billion shares and they announce they are looking into a stock buyback as well as they stated in a recent PR there would be no Reverse splits. This is a no brainer for a nice return in my opinion.
CVCP,CVCP,Cavico Subsidiary Sells 5% Stake to Hanoi Building Bank in Preparation for Domestic Listing on the Vietnamese Stock Exchange
Thursday September 28, 10:30 am ET
LOS ANGELES, CA, and HANOI, VIETNAM--(MARKET WIRE)--Sep 28, 2006 -- Cavico Corporation (Other OTC:CVCP.PK - News), a Vietnamese company working in the fields of infrastructure development, including the construction of hydropower facilities, dams, bridges, roads, mines and urban buildings throughout Vietnam and the Pacific Rim, announced today that its Cavico Mining subsidiary, which is 50 percent owned by Cavico Corporation, sold a 5% stake to Hanoi Building Bank. The bank paid face value of 1.55 billion dong ($96,660) for the stake. The firm has a registered capital value of $1.94 million.
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Cavico Mining Director Hua Thanh Binh said, "We are completing the paperwork to apply soon for a license on a share listing." According to Vietnamese State media on Tuesday, Hanoi Building Bank's General Director Bui Thi Mai said that taking a stake in Cavico Mining was part of the bank's strategy to diversify its business.
Bui Quang Ha, CEO of Cavico Corporation, said, "The sale of a minority stake in Cavico Mining is a first step in listing the subsidiary on the Vietnamese Stock Exchange. This is something that we feel will be valuable not only to Cavico Mining stakeholders, but also to Cavico Corporation shareholders. Maximizing the value of Cavico and its operations is our primary goal. We are striving to bring increased value to our shareholders through diversification of ownership, listing of subsidiary companies on the national exchange, attraction of U.S. investment capital and our continued organic expansion throughout Vietnam."
On August 12, the Boston Globe reported in an article that, "The government has a stated plan to attract $25 billion in direct foreign investment over the next five years, and investors poured $5.8 billion into Vietnam last year alone, helping the economy grow 8.5 percent and making it one of Asia's hottest, according to the Asian Development Bank."
I do not see any public filings on either company you mentioned where i can verify they are profitable. Pink sheeters can say anything they want. Can you give me a link to their balance sheet so i can verify they are profitable?
Well here are 2 BKMP JMCP
SYTE News! 10Q Out! 2nd Quarter Profit
Sitestar Corporation (OTCBB: SYTE), an Internet Service Provider (ISP) and computer services company, today announced that profits were posted for the quarter ended June 30, 2005. The Company earned a net profit of $155,743 for the second quarter of 2005 and $227,810 for the six months ended June 30, 2005. This marks the fourth consecutive profitable quarter for Sitestar.
"We have increased net profits in each of the last four consecutive quarters and, in fact, more than doubled our earning over the first quarter of this year," says Daniel Judd, CFO for Sitestar. "I think this demonstrates our ability to streamline our costs and make money in this business. As we acquire more companies and customers, we obtain greater economies of scale, better net profits, greater market penetration and increased customer service."
Sitestar recently announced a Letter of Intent to acquire the Internet assets and customer base of a larger company that should almost double their revenues.
In addition to increasing profits again for the second quarter 2005, Sitestar also increased EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) over 180.0 percent from $188,173 for the six months ended June 30, 2004 to $526,969 for the same period in 2005. EBITDA is a commonly used for evaluating a company's operating profitability before non-operating expenses. Income from Operations increased from $4,668 for the first two quarters in 2004 to $312,394 for the same period in 2005.
For more detailed information on Sitestar's financial position and results of operations, please see the company's 10-KSB EDGAR filing at http://www.sec.gov .
SYTE News Out!! Aquisition will Double Revenue!!
SYTE might be only otc bb trading under .05 with o/s under 85 million that is profitable
For under a nickel I see no better penny stock than SYTE today. Profitable and under 100 million shares o/s
Why SYTE is a value
There's reason to be optimistic!
•Profitable - no kidding - 3 straight quarters and for the full yr 2004:
--Sitestar Post Profits for First Quarter 2005, May 16, 2005, 02:24 PM US Eastern Timezone.
-Internet service revenue up $57,456 over last year, up $84,809 over previous Quarter. EBITDA for the first quarter 2005 was $222,258.
--Sitestar Post Profitable Year for 2004, Monday, March 28, 2005, 1:20 PM - BusinessWire.
•Reducing Shares - no kidding:
Sitestar Corporation Cancels 20% of Its Issued Shares, Wednesday, December 01, 2004, 3:27 PM - BusinessWire. Reduced more shares since this PR – and more coming. Here’s the proof on reductions: Shares out as of 3/04 = 105 mil, shares out as of 3/05 = 82 mil, therefore, = 23 mil share reduction over last year. CEO states 6 million shares in treasury targeted for cancellation – which will bring outstanding shares to 76 mil. Also, an agreement exists where individual (Manlunas) has agreed to buy 700,000 shares, possibly on the open market, prior to the end of June 2005 (could cause spike in sp)
•Current Outstanding Shares: 82 mil, Float: 61.5 mil.
•Recently rid itself of CD: Sitestar Pays off Ex-Convertible Debenture Holders, Monday, February 28, 2005, 11:21 AM - BusinessWire.
•Top Managers speak out in 5/16/05 PR:
Frank R. Erhartic, Jr., CEO of Sitestar Corporation, commented, "We have once again shown that we can be profitable. Our plans have proven to be sound and have kept us on track for profitability. It looks like 2005 will be the best year yet for Sitestar."
"The tree we planted has grown and is bearing fruit," says Daniel Judd, CFO for Sitestar. "I am confident in our abilities to grow this business and add net worth. The acquisitions we made in 2004 have generated additional revenues and through consolidation we have been able to transfer that to the bottom line.This is just the beginning; there are even more exciting things down the road."
•History of Acquisitions and more to come in future - from 10K:
Strategic Relationships and Acquisitions. The Company has many strategic relationships that allow it to expand its products and services to a wider range of customers. The Company intends to enter into more relationships like these. The company has acquired several companies, assets and customer bases over the last several years and intends to continue to seek out other opportunities that help its business grow.
*Most Recent Acquisition:
Sitestar Corporation Partners with Virginia Beach Internet Service Pro, Tuesday, November 23, 2004, 1:36 PM - PrimeZone. (Note no new shares issued to pay for acquisition, used cash and payments from operations.)
•Strong Balance sheet – cash flow positive and positive shareholder equity of $181,885.
•Key CEO Quotes from 5/31/05 online shareholder chat:
* "As you can see we have made good progress and should be on track for good profitability this year."
* "We are currently working on a number of acquisitions for 2005 which, if they go through, should dwarf the amount of new customers we acquired in 2004. Some of these prospects are even much larger than we currently are."
* "Sitestar’s goals for the next 12 months are:
1. To increase our customer base to over 100,000
2. To increase our revenues and our net profits substantially
3. To continue mergers and acquisitions
4. To pay down much of our existing debt
5. To raise additional capital for larger acquisitions
6. To introduce new products for broadband customers
7. To become a nationally recognized Internet Service Provider
8. To greater expand our markets and coverage area
9. To provide better customer support and customer satisfaction
10. To increase stockholder equity
11. To increase the awareness of our company and stock "
* "We will also be introducing products that will work over broadband like VOIP, backup services and a backup dialup connection. "
* ”We will be doing VOIP this year. That is the plan."
* "We may enter an agreement in the future for working with another company on providing broadband. Some broadband will be picked up in acquisitions.”
* "There are about 6 million (shares) in treasury…the plan is to eventually cancel them. "
•CEO = Frank Erhartic, Jr. has founded own company and has degrees in both Management and Finance - arguably the two most important subjects to grow a business. Has shown himself to be knowledgeable, honest and forthcoming – oh so, unfortunately, rare.
•The Big No’s: No convertible debentures, No S-8’s, No preferred stock issued. No need for financing to support existing operations through share dilution or otherwise - cash flow sufficient to support operations. No of R/S per CEO. No share dilution used for last few acquisitions. No outrageously high salaries for CEO and counterparts.
•Sitestar Corporation is a mid-Atlantic Internet Service Provider (ISP) and computer services company offering a broad range of services to business and residential customers. Sitestar's main customer base is primarily in the Virginia and North Carolina markets but also sells most of its services nationwide. Sitestar's wholly owned subsidiaries provide narrow and broadband Internet access, Web-hosting and design services, computer sales and repair and other technology-related solutions to its residential and business customers.
Here is another profitable penny ADVC at 0.001:
http://www.investorshub.com/boards/read_msg.asp?message_id=6360758
News!Sitestar Post Profits for First Quarter 2005
Monday May 16, 2:24 pm ET
LYNCHBURG, Va.--(BUSINESS WIRE)--May 16, 2005--Sitestar Corporation (OTCBB: SYTE - News), an Internet Service Provider (ISP) and computer services company, today announced profits posted for the quarter ended March 31, 2005. The Company earned a net profit of $72,067 compared to a net loss of $68,891 for the same period in 2004. These results are largely due to management's tighter fiscal controls over operations and more favorable telecom contracts.
Frank R. Erhartic, Jr., CEO of Sitestar Corporation, commented, "We have once again shown that we can be profitable. Our plans have proven to be sound and have kept us on track for profitability. It looks like 2005 will be the best year yet for Sitestar."
"The tree we planted has grown and is bearing fruit," says Daniel Judd, CFO for Sitestar. "I am confident in our abilities to grow this business and add net worth. The acquisitions we made in 2004 have generated additional revenues and through consolidation we have been able to transfer that to the bottom line. This is just the beginning; there are even more exciting things down the road."
In addition to increasing profits for the first quarter of 2005, Sitestar also increased EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) over 119 percent from $101,191 for the first quarter in 2004 to $222,258 for the first quarter ended in 2005. EBITDA is commonly used for evaluating a company's operating profitability before non-operating expenses. Income from Operations increased from a loss of $6,555 for the first quarter 2004 to a profit of $113,631 in 2005.
For more detailed information on Sitestar's financial position and results of operations, please see the company's 10-QSB EDGAR filing at http://www.sec.gov .
Forward looking statements
This report contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Stockholders are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, our ability to expand our customer base, make strategic acquisitions, general market conditions, and competition and pricing. Although we believe the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements contained in the report will prove to be accurate.
About Sitestar Corporation
Sitestar Corporation is a mid-Atlantic Internet Service Provider (ISP) and computer services company offering a broad range of services to business and residential customers. Sitestar's main customer base is primarily in the Virginia and North Carolina markets but also sells most of its services nationwide. Sitestar's wholly owned subsidiaries provide narrow and broadband Internet access, Web-hosting and design services, computer sales and repair and other technology-related solutions to its residential and business customers.
What about this one: UMCI at 0.045:
http://biz.yahoo.com/bw/050516/165820.html?.v=1
Looks like this is a profitable company with low PE
I doubt there are many...
You might look at CNCN
They have signed some big deals recently. They expect to be profitable. 23 Million shares outstanding.
Just an idea, I'll look more closely at SYTE!
Thanks!
Can anyone tell me another under .05 cent stock besides SYTE (Sitestar Corp.) with under a 100 million shares outstanding that is profitable?? If so please post them here because i want to seriously look at them and possibly buy heavily. I havent been able to find many over the years but if you can find them please let me know and post them here. I dont think SYTE will be on sale much longer at this price. If there are others let me know ASAP, thanks.
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Profitable Pennies will be a board that looks for and discusses stocks that trade under a $1.00 that are profitable. Any spam or posts about stocks that are not reporting profits will be removed. Please post only about companies that have verifiable public financial filings.
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