| Followers | 1741 |
| Posts | 142046 |
| Boards Moderated | 4 |
| Alias Born | 09/11/2005 |
Sunday, January 27, 2008 10:12:10 AM
.<font color=green>COPI - Due Diligence and Chart for Investors and readers.
Compliance Systems is the company - and anyone wanting info on the company should first check out their website.
Start with the volume up on your computer, listen to the intro, then read and examine each page of the site...
http://www.callcompliance.com/
Take the time to click on all the Alliance partners and reseller links... Very interesting to see just how widespread the product is.
http://www.callcompliance.com/strategic/alliance.html
Also, I would recommend inspecting the ARDA and ATA links provided on the Website, but for purposes of this post... Here they are..
http://www.callcompliance.com/strategic/associations.html
After inspecting the Website, I would refer you to VeriSign, their Alliance Partner...
http://www.verisign.com/products-services/communications-services/intelligent-database-services/teleblock-do-not-call-services/index.html
Of course, you have already seen this by inspecting the Website..
but click on the link to their WHITE PAPERS and read about TeleBlock, COPI's primary product, from VeriSign's perspective..
VeriSign's White Papers about TeleBlock
http://www.verisign.com/stellent/groups/public/documents/white_paper/001948.pdf
If you don't know who VeriSign is... Take a moment to review their financials and profile...
Profile:
http://finance.yahoo.com/q/pr?s=VRSN
And the financials
http://finance.yahoo.com/q/ks?s=VRSN
Now you are ready to read the SEC filings... here is the link.
Real-Time SEC Filings
http://www.nasdaq.com/asp/quotes_sec.asp?symbol=COPI&selected=COPI&page=filings
Start with the last 10Q - noting that the above references to VeriSign are important as VeriSign is the primary distributor of Teleblock for COPI.
From the 10Q - but read it all please!
Revenues for the three months ended September 30, 2007 were $509,190 compared to revenues of $387,994 for the corresponding period in 2006. This increase of $121,196, or 31.2%, was principally attributable to increased revenues from VeriSign, its principal TeleBlock distributor. Revenues from VeriSign comprised 87.6% and 83.2% of the Company’s third quarter revenues for 2007 and 2006, respectively. An increase of 46 million call counts for its TeleBlock service increased the Company’s revenues by $109,514 for the second quarter; the Company also generated additional revenue of $31,553 from other revenue sources including its online guides, VoIP services, and its new product, Enhanced Caller ID.
The Company is encouraged by recent sales gains and reductions in its operating shortfall of gross margin to selling, general and administrative expenses. Under favorable sales, cost and expense projections, the Company anticipates its operations may become cash-flow neutral during the second quarter of fiscal 2008.
Now read the 8K filing from 12/31/07 where COPI announced they are refinancing their debts into a series of PREFERRED SHARES, and they have bought back the expensive and dilutive Cornell debentures...
From the 8K filing..
Item 8.01 Other Events.
(a) On December 24, 2007, the Corporation satisfied all of the Corporation’s obligations under the secured convertible debenture (the “YA Global Debenture”) of the Corporation in the original principal amount of $150,000, issued to YA Global Investments, L.P. (f/k/a Cornell Capital Partners, LP) (“YA Global”) and dated March 16, 2007, by the payment to YA Global of the sum of $192,000.00, representing principal, accrued interest and a redemption premium. Accordingly, as of December 24, 2007, the YA Global Debenture is no longer deemed outstanding. The Corporation has demanded the return for cancellation of the YA Global Debenture and other documents delivered to YA Global as assurance for the Corporation’s compliance with its obligations to YA Global under the YA Global Debenture.
(b) On December 24, 2007, the Corporation satisfied all of the Corporation’s obligations under the secured convertible debenture (the “Montgomery Debenture”) of the Corporation in the original principal amount of $1,000,000, issued to Montgomery Equity Partners, Ltd. (“Montgomery”) and dated March 8, 2006, by the payment to Montgomery of the sum of $947,276.56, representing principal, accrued interest and a redemption premium. Accordingly, as of December 24, 2007, the Montgomery Debenture is no longer deemed outstanding. The Corporation has demanded the return for cancellation of the Montgomery Debenture and other documents delivered to Montgomery as assurance for the Corporation’s compliance with its obligations to Montgomery under the Montgomery Debenture.
Effective as of December 31, 2007, the Corporation sold and issued shares of Serial Preferred Stock as follows:
• An aggregate 2,500,000 shares of Serial A Preferred Stock were sold to accredited investors at a purchase price of $1.00 per share, or total consideration of $2,500,000, payable in cash;
• An aggregate 1,250,000 shares of Serial B Preferred Stock were sold to a total of two affiliates with the Corporation, at a purchase price of $1.00 per share, or total consideration of $1,250,000, payable in the form of cancellation of debt of the Corporation to such persons and entities in an aggregate amount equal to such total consideration, such debt having been reflected on the Corporation’s balance sheet contained in the Corporation’s most recent Quarterly Report on Form 10-QSB for the period ended September 30, 2007 as a portion of “Current maturities of long-term debt, principally to related parties;” and
2
--------------------------------------------------------------------------------
• An aggregate 1,885,709 shares of Serial C Preferred Stock were sold to a total of six persons and entities, including three affiliates of the Corporation, at a purchase price of $1.00 per share, or total consideration of $1,885,709, payable in the form of cancellation of debt of the Corporation to such persons and entities in an aggregate amount equal to such total consideration, such debt having been reflected on the Corporation’s balance sheet contained in the Corporation’s most recent Quarterly Report on Form 10-QSB for the period ended September 30, 2007 as a portion of “Current maturities of long-term debt, principally to related parties .”
Each of the shares of Series A Preferred Stock, Series B Preferred Stock and Series C Preferred Stock are convertible, at any time, into 100 restricted shares of the common stock, par value $.001 per share (the “Common Stock”), of the Corporation (subject to adjustment). There were no underwriters or other brokers, agents or finders utilized by the Corporation, nor did the Corporation incur any underwriting discounts or commissions or similar fees, in connection with the sale of such shares of Serial Preferred Stock.
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001144204%2D07%2D069689%2Etxt&FilePath=%5C2007%5C12%5C31%5C&CoName=COMPLIANCE+SYSTEMS+CORP&FormType=8%2DK&RcvdDate=12%2F31%2F2007&pdf=
Finally, realize that COPI has just hired a very well respected company in NEW YORK CITY, NY to do their investor relations and promotion work...
Here is the PR...
Compliance Systems Corporation Retains The Investor Relations Group of New York
Thursday December 13, 9:44 am ET
IRG to Communicate Company's Teleservice Technology Story
GLEN COVE, N.Y.--(BUSINESS WIRE)--Compliance Systems Corporation (OTCBB: COPI, http://www.callcompliance.com), a telecom service company focused on providing compliance technologies, methodologies, and services to the teleservices industry through their proprietary product, TeleBlock Call Blocking System, has retained the Investor Relations Group, Inc. (IRG) of New York City, to serve as its investor relations and corporate communications firm.
“We are pleased to have the Investor Relations Group become an integral part of communicating our story to the investor community and the media at large,” said Dean Garfinkel, Chairman and CEO of Compliance Systems Corporation. “Our range of product and service solutions is designed to ensure regulatory and statutory compliance within calling environments. We remain focused on moving forward and extending our products to a vast cross-section of industries, and believe our relationship with IRG will help facilitate these goals.”
About the Investor Relations Group, Inc.
The Investor Relations Group, Inc. (IRG) offers a full-service corporate communications program designed to suit the many unique needs of small-cap companies. The program utilizes a proprietary, targeted approach to reach institutional investors, analysts, and the media-at-large. For further information, please visit the company website at
http://www.investorrelationsgroup.com/index.html
Please click on the link above and check out the investor relations group and what their history and services are, and realize that COPI is much bigger than just I-hub, and is being talked about on WALL STREET now..
Here is one very interesting page from Investor Relations Group website..
Facts
The Investor Relations Group specializes in smaller public companies, many of them public via reverse merger. We understand the unique challenges faced by these companies while they work to break through the $500-million market capitalization threshold.
The IRG client to account professional ratio is 1:1.5
Our program integrates both investor relations and public relations strategies to offer the most comprehensive, professional corporate communications program available.
In 2006/2007, our investor relations executives booked more than 6,000 unique meetings with fund managers and analysts for our portfolio companies — an average of 240 meetings per company.
Highlights accomplished by our public relations executives during the past 24 months include cover or feature articles in: The Wall Street Journal, USA Today, The New York Times, Bloomberg, Newsday, The Chicago Tribune, The Washington Post, The Los Angeles Times, The San Francisco Chronicle, Time, Fortune, Forbes, Business Week, Newsweek, Allure, W, Reader’s Digest, Crain’s, Barron’s, PharmaVOICE, R&D Directions, CBS’s 60 Minutes, ABC’s 20/20, Tech TV, NY1, Bloomberg TV, CNBC’s Power Lunch, and thousands of other newspapers and television and radio programs nationwide. We delivered millions of dollars in advertising equivalency for our clients—ALL nano- and microcap companies.
We have 200,000+ investors available for fact-based traditional mailings.
We have over 1.3 million+ opt-in email addresses of buy side managers and individual investors.
Our results speak for themselves: 100% of our business since our inception over 11 years ago has come from referrals from financial community professionals or from our happy clients, underscoring our constituents’ satisfaction with our programs.
http://www.investorrelationsgroup.com/facts.html
And finally, here is a link to the COPI - I-hub board, where you can find a group of investors that are following the COPI story and will be glad to answer questions you may have..
http://investorshub.advfn.com/boards/board.asp?board_id=982
Compliance Systems is the company - and anyone wanting info on the company should first check out their website.
Start with the volume up on your computer, listen to the intro, then read and examine each page of the site...
http://www.callcompliance.com/
Take the time to click on all the Alliance partners and reseller links... Very interesting to see just how widespread the product is.
http://www.callcompliance.com/strategic/alliance.html
Also, I would recommend inspecting the ARDA and ATA links provided on the Website, but for purposes of this post... Here they are..
http://www.callcompliance.com/strategic/associations.html
After inspecting the Website, I would refer you to VeriSign, their Alliance Partner...
http://www.verisign.com/products-services/communications-services/intelligent-database-services/teleblock-do-not-call-services/index.html
Of course, you have already seen this by inspecting the Website..
but click on the link to their WHITE PAPERS and read about TeleBlock, COPI's primary product, from VeriSign's perspective..
VeriSign's White Papers about TeleBlock
http://www.verisign.com/stellent/groups/public/documents/white_paper/001948.pdf
If you don't know who VeriSign is... Take a moment to review their financials and profile...
Profile:
http://finance.yahoo.com/q/pr?s=VRSN
And the financials
http://finance.yahoo.com/q/ks?s=VRSN
Now you are ready to read the SEC filings... here is the link.
Real-Time SEC Filings
http://www.nasdaq.com/asp/quotes_sec.asp?symbol=COPI&selected=COPI&page=filings
Start with the last 10Q - noting that the above references to VeriSign are important as VeriSign is the primary distributor of Teleblock for COPI.
From the 10Q - but read it all please!
Revenues for the three months ended September 30, 2007 were $509,190 compared to revenues of $387,994 for the corresponding period in 2006. This increase of $121,196, or 31.2%, was principally attributable to increased revenues from VeriSign, its principal TeleBlock distributor. Revenues from VeriSign comprised 87.6% and 83.2% of the Company’s third quarter revenues for 2007 and 2006, respectively. An increase of 46 million call counts for its TeleBlock service increased the Company’s revenues by $109,514 for the second quarter; the Company also generated additional revenue of $31,553 from other revenue sources including its online guides, VoIP services, and its new product, Enhanced Caller ID.
The Company is encouraged by recent sales gains and reductions in its operating shortfall of gross margin to selling, general and administrative expenses. Under favorable sales, cost and expense projections, the Company anticipates its operations may become cash-flow neutral during the second quarter of fiscal 2008.
Now read the 8K filing from 12/31/07 where COPI announced they are refinancing their debts into a series of PREFERRED SHARES, and they have bought back the expensive and dilutive Cornell debentures...
From the 8K filing..
Item 8.01 Other Events.
(a) On December 24, 2007, the Corporation satisfied all of the Corporation’s obligations under the secured convertible debenture (the “YA Global Debenture”) of the Corporation in the original principal amount of $150,000, issued to YA Global Investments, L.P. (f/k/a Cornell Capital Partners, LP) (“YA Global”) and dated March 16, 2007, by the payment to YA Global of the sum of $192,000.00, representing principal, accrued interest and a redemption premium. Accordingly, as of December 24, 2007, the YA Global Debenture is no longer deemed outstanding. The Corporation has demanded the return for cancellation of the YA Global Debenture and other documents delivered to YA Global as assurance for the Corporation’s compliance with its obligations to YA Global under the YA Global Debenture.
(b) On December 24, 2007, the Corporation satisfied all of the Corporation’s obligations under the secured convertible debenture (the “Montgomery Debenture”) of the Corporation in the original principal amount of $1,000,000, issued to Montgomery Equity Partners, Ltd. (“Montgomery”) and dated March 8, 2006, by the payment to Montgomery of the sum of $947,276.56, representing principal, accrued interest and a redemption premium. Accordingly, as of December 24, 2007, the Montgomery Debenture is no longer deemed outstanding. The Corporation has demanded the return for cancellation of the Montgomery Debenture and other documents delivered to Montgomery as assurance for the Corporation’s compliance with its obligations to Montgomery under the Montgomery Debenture.
Effective as of December 31, 2007, the Corporation sold and issued shares of Serial Preferred Stock as follows:
• An aggregate 2,500,000 shares of Serial A Preferred Stock were sold to accredited investors at a purchase price of $1.00 per share, or total consideration of $2,500,000, payable in cash;
• An aggregate 1,250,000 shares of Serial B Preferred Stock were sold to a total of two affiliates with the Corporation, at a purchase price of $1.00 per share, or total consideration of $1,250,000, payable in the form of cancellation of debt of the Corporation to such persons and entities in an aggregate amount equal to such total consideration, such debt having been reflected on the Corporation’s balance sheet contained in the Corporation’s most recent Quarterly Report on Form 10-QSB for the period ended September 30, 2007 as a portion of “Current maturities of long-term debt, principally to related parties;” and
2
--------------------------------------------------------------------------------
• An aggregate 1,885,709 shares of Serial C Preferred Stock were sold to a total of six persons and entities, including three affiliates of the Corporation, at a purchase price of $1.00 per share, or total consideration of $1,885,709, payable in the form of cancellation of debt of the Corporation to such persons and entities in an aggregate amount equal to such total consideration, such debt having been reflected on the Corporation’s balance sheet contained in the Corporation’s most recent Quarterly Report on Form 10-QSB for the period ended September 30, 2007 as a portion of “Current maturities of long-term debt, principally to related parties .”
Each of the shares of Series A Preferred Stock, Series B Preferred Stock and Series C Preferred Stock are convertible, at any time, into 100 restricted shares of the common stock, par value $.001 per share (the “Common Stock”), of the Corporation (subject to adjustment). There were no underwriters or other brokers, agents or finders utilized by the Corporation, nor did the Corporation incur any underwriting discounts or commissions or similar fees, in connection with the sale of such shares of Serial Preferred Stock.
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001144204%2D07%2D069689%2Etxt&FilePath=%5C2007%5C12%5C31%5C&CoName=COMPLIANCE+SYSTEMS+CORP&FormType=8%2DK&RcvdDate=12%2F31%2F2007&pdf=
Finally, realize that COPI has just hired a very well respected company in NEW YORK CITY, NY to do their investor relations and promotion work...
Here is the PR...
Compliance Systems Corporation Retains The Investor Relations Group of New York
Thursday December 13, 9:44 am ET
IRG to Communicate Company's Teleservice Technology Story
GLEN COVE, N.Y.--(BUSINESS WIRE)--Compliance Systems Corporation (OTCBB: COPI, http://www.callcompliance.com), a telecom service company focused on providing compliance technologies, methodologies, and services to the teleservices industry through their proprietary product, TeleBlock Call Blocking System, has retained the Investor Relations Group, Inc. (IRG) of New York City, to serve as its investor relations and corporate communications firm.
“We are pleased to have the Investor Relations Group become an integral part of communicating our story to the investor community and the media at large,” said Dean Garfinkel, Chairman and CEO of Compliance Systems Corporation. “Our range of product and service solutions is designed to ensure regulatory and statutory compliance within calling environments. We remain focused on moving forward and extending our products to a vast cross-section of industries, and believe our relationship with IRG will help facilitate these goals.”
About the Investor Relations Group, Inc.
The Investor Relations Group, Inc. (IRG) offers a full-service corporate communications program designed to suit the many unique needs of small-cap companies. The program utilizes a proprietary, targeted approach to reach institutional investors, analysts, and the media-at-large. For further information, please visit the company website at
http://www.investorrelationsgroup.com/index.html
Please click on the link above and check out the investor relations group and what their history and services are, and realize that COPI is much bigger than just I-hub, and is being talked about on WALL STREET now..
Here is one very interesting page from Investor Relations Group website..
Facts
The Investor Relations Group specializes in smaller public companies, many of them public via reverse merger. We understand the unique challenges faced by these companies while they work to break through the $500-million market capitalization threshold.
The IRG client to account professional ratio is 1:1.5
Our program integrates both investor relations and public relations strategies to offer the most comprehensive, professional corporate communications program available.
In 2006/2007, our investor relations executives booked more than 6,000 unique meetings with fund managers and analysts for our portfolio companies — an average of 240 meetings per company.
Highlights accomplished by our public relations executives during the past 24 months include cover or feature articles in: The Wall Street Journal, USA Today, The New York Times, Bloomberg, Newsday, The Chicago Tribune, The Washington Post, The Los Angeles Times, The San Francisco Chronicle, Time, Fortune, Forbes, Business Week, Newsweek, Allure, W, Reader’s Digest, Crain’s, Barron’s, PharmaVOICE, R&D Directions, CBS’s 60 Minutes, ABC’s 20/20, Tech TV, NY1, Bloomberg TV, CNBC’s Power Lunch, and thousands of other newspapers and television and radio programs nationwide. We delivered millions of dollars in advertising equivalency for our clients—ALL nano- and microcap companies.
We have 200,000+ investors available for fact-based traditional mailings.
We have over 1.3 million+ opt-in email addresses of buy side managers and individual investors.
Our results speak for themselves: 100% of our business since our inception over 11 years ago has come from referrals from financial community professionals or from our happy clients, underscoring our constituents’ satisfaction with our programs.
http://www.investorrelationsgroup.com/facts.html
And finally, here is a link to the COPI - I-hub board, where you can find a group of investors that are following the COPI story and will be glad to answer questions you may have..
http://investorshub.advfn.com/boards/board.asp?board_id=982
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
