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.
Brandmakers Readies Launch of New Products, Moves Offices and Proceeds With Audit
Thursday December 11, 8:00 am ET
BUFORD, Ga., Dec. 11, 2003 (PRIMEZONE) -- Brandmakers, Inc. (Other OTC:BMKS.PK - News) moves to new and less expensive office and warehouse space with the same telephone numbers. Brandmakers currently trades on the pink sheets due to the late filings as announced on November 11, 2003 but substantial progress is being made to conclude the audit and file the 6/30/03 10 KSB and the 9/30/03 10 QSB.
Of more interest to shareowners and the investment community are new products to be launched in January 2004. We now have an Ink Jet Cartridge Vending Machine that is top of the line, dispensing 61 different selections holding up to 736 items. The machine will give change in $1 coins only. It is 72`` in height, 41'' in width, 36`` in depth and weighs 615 pounds. It has an LED display as well as the necessary accounting features; a credit card reader will be an optional extra. There are seven full size trays that easily pull out and are flexible for adding or changing products.
The ink jet cartridge business is among the fastest growing in the United States and the world with billions in annual sales. Brandmakers has access to quality cartridges at a 40% to 60% discount of prices offered at major stores. These are brand new, compatible and remanufactured cartridges that contain the identical quantity of ink and are of equally high quality as the original printer brands and are warranted for one year.
Machine dispensing is favorable for security as well as avoiding the ``slippage'' problems experienced by all retailers. There are prime locations such as office complexes, Colleges and Universities, copy machine locations, 24-hour major grocery stores, shopping centers and many others.
Brandmakers is in the process of forming alliances with others in the ink cartridge business as well as distributors.
We are looking forward to marketing the Ink Jet Cartridge Vending Machine and participating in this growing business.
Contact:
Brandmakers, Inc.
Bob Palmquist or Geoff Williams
(770) 338-1958
info@brandmakers.com
WebBox Exceeds Income Expectations For October, 2003; Wall Street Reporter Interviews Board Member
SUWANEE, Ga., Nov. 19, 2003, Nov. 19, 2003 (PRIMEZONE) -- Brandmakers, Inc. (OTCBB:BMKSE) announced that their Internet Division, MailStart-WebBox, exceeded income expectations for October, 2003 and continues to be profitable with exceptionally low overhead. The division offers free email service on www.mailstart.com limited to once per week usage to encourage sign ups to the WebBox subscription service, www.webbox.com . The WebBox annual subscription fee was increased in September, 2003 to $18 from $15, considered to be quite a bargain at just $1.50 per month.
WebBox is advertising-free and offers numerous features with up to five email accounts; address book; calendar; filters and folders to stay organized; attachment sending and receiving; spam filtering; zero wait technology; and a virtual office on the Web with 20 MB of dedicated file storage.
Brandmakers acquired MailStart in June, 1998 and traffic increased from 300,000 impressions in the first month to over 30,000,000 impressions per month by January, 2001 with in excess of 1,000,000 users.
"However, we could not make it economically with advertising so we commenced the subscription service for WebBox in February, 2001. Consequently, our highest cash flow months come from renewals in February and March of each year.
"The cash flow has been quite significant for the division and Michael Hudson has performed exceptionally well in keeping the service running with gradual improvements," reported Board of Directors member Bob Palmquist.
Wall Street Reporter, www.wallstreetreporter.com, interviewed Bob Palmquist on November 18, 2003 and was provided with current information regarding Brandmakers including two products that will be topics of future news releases as company plans now call for keeping shareowners well-informed.
Brandmakers, Inc. consists of two divisions, Games and Vending, with new products soon to be announced, and MailStart-WebBox.
CONTACT: Brandmakers, Inc.
Bob Palmquist or Geoff Williams
770-338-1958
info@brandmakers.com
Brandmakers Commences Audit With New Accounting Firm
Wednesday November 12, 8:00 am ET SUWANEE, Ga., Nov. 12, 2003, Brandmakers, Inc. (OTC BB:BMKS.OB - News) announces that their audit is underway and will soon be up to date on filings of the annual 10 KSB and the current 10 QSB. Brandmakers is currently traded BMKSE due to a late filing of the 10 KSB and has contacted the NASD compliance section for guidance.
Our new auditing firm is Tauber & Balser, P.C. located in Atlanta, Georgia and we look forward to working with them now and in future years. Neil T. Harkins, CPA is in charge of the audit and J. Marc Welch, CPA will work closely with us as well.
Bearden & Smith, our former accounting firm and auditor recommended Tauber & Balser to us, which we appreciate. Bearden & Smith commenced the audit verifying our inventory count and advising us of the documentation needed which we prepared. However, Brandmakers did not immediately proceed with the audit due to financial constraints.
We contacted Bearden & Smith on October 24, 2003 that we were ready to continue the audit but were advised via email on October 27, 2003 that their firm had elected not to register with the S.E.C. and therefore, could not continue with the audit. This has set the audit completion date back two or three weeks but we have had an excellent relationship with Bearden & Smith and that will continue in the future.
Contact:
Brandmakers, Inc.
Bob Palmquist
Geoff Williams:
(770) 338-1958
info@brandmakers.com
G,
I just asked Matt via PM to turn the Chair of GVTS over to you, but you will need to quit the childish bickering crap or you will end up with no board at all, IMHO.
I have no overwhelming continuing interest in GVTS, I do lots of boards on iHub as compliment to other posters' interests.
I would suggest that you write to Matt and promise to chill in exchange to the Chair of GVTS. then try to be like the Fonz, and maybe you'll hang on to it.
John
JM, refering to gravitas. What's up with you lately, you've been quiet lately. Vacation?
Not sure which ones you are refering to.
John
JM, did you see what happened to your
other stocks today. Nice eh?!
jm, got it on the OTC board now....know what I mean !?
"....C-o-i-t-e-n-l-y......."!!!!
Nyuk nyuk nyuk nyuk nyuk nyuk...............
John
I guess you are right , by the way , can you
help me set up RSCA as a board.
BMKS is not badly managed. They got killed by the DOT.COM crash when many of their strategically associated B2B companies simply evaporated overnight. In fact, there has been some internal restructuring of late, so Geoff Williams has more time to design and develop new machines - which is his forte'.
Atlanta looked like a Ghost Town when Alum Greenspurt got done with it.
TBMKS is building new game and vending machines to fill back-orders, and News is overdue.
Stay tuned.
John
Not too healthy ,one would think bmks should be worth
more, but although it has a much better future than
dnre ,I still think it's another case of bad
management .
snap shot :
shares 128,567,000
market cap 2,571,340
BRANDMAKERS INC
Form: 10QSB Filing Date: 5/15/2003
TYPE: 10QSB HTML
SEQUENCE: 1
FILENAME: bm1.htm
DESCRIPTION: PREPARED BY: MHUEBOTTER@HOTMAIL.COM
TYPE: 10QSB
SEQUENCE: 1
FILENAME: bm1.htm
DESCRIPTION: PREPARED BY: MHUEBOTTER@HOTMAIL.COM
EDGAR ONLINE DISCLAIMER: EDGAR Online has converted the HTML originally found in this filing document to plain text.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 10-QSB
[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934.
For the quarterly period ended March 31, 2003
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934.
For the transition period from ______ to ______
Commission file number 0-28184
BRANDMAKERS, INC.
(Exact name of small business issuer as specified in its charter)
Utah 37-1099747
(State or other jurisdiction of incorporation or (IRS Employer Identification No.)
organization)
140 Satellite Blvd. Ste. C, Suwanee, Georgia 30043
(Address of principal executive offices)
(770) 338-1958
(Issuer's telephone number)
APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS
Not Applicable
APPLICABLE ONLY TO CORPORATE ISSUERS
State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable
date: 128,567,147 shares common stock, $.001 par value, were outstanding as of May 1, 2003.
- 1 -
_____________________________________________________________________________________
BRANDMAKERS, INC.
FORM 10-QSB
For the Quarter Ended March 31, 2003
INDEX
Page
Part I: Financial Information
Item 1 -
Financial Statements
Condensed Consolidated Balance Sheets as of June 30, 2002 and March 31, 2003 3
Condensed Consolidated Statement of Operations for the three and nine months ended March 31, 2002 4
and 2003
Condensed Consolidated Statements of Cash Flows for the nine months ended March 31, 2002 and 2003 5
Notes to Consolidated Financial Statements 6
Item 2 -
Management's Discussion and Analysis 7-9
Part II: Other Information
Item 1 Legal Proceedings 10
Item 2 Changes in Securities and Use of Proceeds 10
Item 3 Default Upon Senior Securities 10
Item 4 Submission of Matters to a Vote of Security Holders 10
Item 5 Other Information 10
Item 6 Exhibits and Reports on Form 8-K 10
Signatures 10
- 2 -
_____________________________________________________________________________________
Brandmakers, Inc.
CONSOLIDATED BALANCE SHEETS
June 30, March 31,
ASSETS 2002 2003, unaudited
CURRENT ASSETS
Cash and cash equivalents $6,224 $2,959
Receivables
Trade $24,493 $88,317
Less allowance for doubtful accounts -$20,000 -$10,000
$4,493 $78,317
Inventories $20,041 $92,763
Employee advance $700
Total current assets $30,758 $174,739
PROPERTY AND EQUIPMENT - net $540,760 $390,757
OTHER ASSETS
Certificates of deposit - pledged $38,951 $38,951
Deposits $15,269 $16,602
NTN Stock $20,000 $20,000
$74,220 $75,553
$645,738 $641,049
LIABILITIES AND STOCKHOLDERS' EQUITY
2002 2003
CURRENT LIABILITIES
Line of credit $50,092
Notes payable $825,512 $320,000
Accounts payable $116,728 $223,021
Deferred revenue $296,162 $264,993
Other current liabilities $71,239 $5,856
Due to stockholder $30,000
Current portion of long-term debt $2,153 $2,696
Current portion of capital leases $112,289 $83,097
Total current liabilities $1,424,083 $979,755
LONG-TERM DEBT $11,758 $9,618
CAPITAL LEASES, less current portion
STOCKHOLDERS' EQUITY
Common stock - authorized 200,000,000
shares of $0.001 par value $127,568 $128,568
Additional paid-in capital $2,995,672 $2,997,672
Retained earnings (deficit) -$3,913,343 -$3,474,564
-$790,103 -$348,324
$645,738 $641,049
- 3 -
_____________________________________________________________________________________
Brandmakers, Inc
CONSOLIDATED STATEMENT OF OPERATIONS
9 Months Ended 9 Months Ended 3 Months Ended 3 Months Ended
March 31, 2002 March 31, 2003 March 31, 2002 March 31, 2003
Revenues $813,135 $1,211,621 $317,616 $377,037
Cost of goods sold $219,108 $507,779 $108,287 $126,078
Gross Profit $594,027 $703,842 $209,329 $250,959
Operating Expenses
Salaries and Wages $233,347 $241,455 $75,006 $120,842
Other operating expenses $291,900 $431,778 $100,397 $132,374
$525,247 $673,233 $175,403 $253,216
Operating income $68,780 $30,609 $33,926 -$2,257
Other Income (expense)
Interest Expense -$33,949 -$2,336 -$3,132 -$488
(Loss) on disposal of asset -$37,267 -$37,267
-$71,216 -$2,336 -$40,399 -$488
Income (loss) from continuing operations -$2,436 $28,273 -$6,473 -$2,745
Discontinued operations
Gain on disposal of Zoom Communications $39,856 $39,856
(Loss) on discontinued operations of
Zoom Communications -$236,590 $0 -$138,711 $0
Total discontinued operations -$196,734 $0 -$98,855 $0
Income (loss) before extraordinary item -$199,170 $28,273 -$105,328 -$2,745
Extraordinary item
Gain on forgiveness of debt $410,505 $410,505
N et income (loss) -$199,170 $438,778 -$105,328 $407,760
Per share information
Basic
Income (loss) from continuing operations $0.00 $0.00 $0.00 $0.00
Income (loss) from discontinued operations ($0.00) $0.00 ($0.00) $0.00
Income from extraordinary item $0.00 $0.00 $0.00 $0.00
($0.00) $0.00 ($0.00) $0.00
Diluted
Income (loss) from continuing operations $0.00 $0.00 $0.00 $0.00
Income (loss) from discontinued operations ($0.00) $0.00 ($0.00) $0.00
Income from extraordinary item $0.00 $0.00 $0.00 $0.00
($0.00) $0.00 ($0.00) $0.00
Average number of shares outstanding
Basic 121,140,504 127,789,069 121,140,504 127,789,069
Diluted 122,671,794 127,789,069 122,671,794 127,789,069
- 4 -
_____________________________________________________________________________________
Brandmakers, Inc
CONSOLIDATED STATEMENT OF CASH FLOWS
Nine months ended
March 31, 2002 March 31, 2003
(unaudited) (unaudited)
------------ ------------
Net Income (loss) -$199,170 $438,778
Adjustments to reconcile net lincome (loss) to net cash used in operating activities
Depreciation and amortization $165,216 $150,003
Stock issued for services $3,000
Loss on disposal of assets $37,267
(Gain) on sale of Zoom -$39,856
(Gain) on forgiveness of debt -$410,505
(Increase) decrease in assets and
Increase (decrease) in liabilities
Accounts receivable $87,098 -$73,824
Inventories $126,686 -$72,722
Employee advances -$700
Accounts Payable -$39,162 $106,294
Deferred Revenue $29,951 -$31,169
Other current liabilities $36,096 -$65,383
------------ ------------
Net cash provided by operating activities $204,126 $43,772
Cash flows used in investing activities
Capital expenditures -$41,411 $0
(increase) decrease in deposits $1,676 -$1,333
Proceeds from the disposal of equipment $1,900 $0
------------ ------------
-$37,835 -$1,333
Cash flows used in financing activities
Net proceeds (borrowings) on line of credit -$69,748 $50,092
Reductions in notes payable, long-term debt, and capital leases -$91,274 -$125,796
Advances from stockholder $30,000
------------ ------------
-$161,022 -$45,704
Net increase (decrease) in cash and cash equivalents $5,269 -$3,265
Cash and cash equivalents at beginning of the period $51,917 $6,224
Cash and cash equivalents at end of the period $57,186 $2,959
Supplemental schedule of noncash investing and financing activities and certain cash flow information:
The Company's noncash investing and financing activities for the nine month period ended March 31, 2003 are as follows:
There was no significant noncash investing and financing activities for the nine months ended March 31, 2003.
- 5 -
_____________________________________________________________________________________
BRANDMAKERS, INC.
Notes to Consolidated Financial Statements
Note 1 - Summary of Significant Accounting Policies
The summary of Brandmakers Inc.'s (the "Company") significant accounting policies are incorporated by reference to the
Company's annual report on Form 10-KSB dated June 30, 2002.
The accompanying unaudited consolidated financial statements reflect all adjustments, which in the opinion of management are
necessary for a fair presentation of results of operations, financial position, and cash flows. The results of the interim
period are not necessarily indicative of the results for the full year.
The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going
concern. The Company has suffered from significant losses and losses have continued during 2002 forcing a divesture of the
ZOOM Communications division as reported previously. There are still financial difficulties with a negative working capital
that must be overcome. Management's plan in regard to these matters is described in the management discussion and
analysis. The consolidated financial statements do not include any adjustments that might result from the outcome of this
uncertainty.
From time to time, the Company may have asserted or unasserted claims arising in the normal course of business. The Company
does not expect losses, if any, arising from these asserted or unasserted claims to have a material effect on the financial
statements.
During December 2000, the Company made a decision to discontinue the operations of its United Kingdom operations of
K.W. Leisure. The operations of the segment have ceased which resulted in a judgment against Brandmakers, Inc.
- 6 -
_____________________________________________________________________________________
Item 2. Management's Discussion and Analysis
FORWARD-LOOKING STATEMENTS
This Quarterly Report on Form 10-QSB contains forward-looking statements. For this purpose, any statements contained herein
that are not statements of historical fact may be deemed forward-looking statements. Without limiting the foregoing, the
words "believe," "anticipates," "plans," "expects," and similar expressions are intended to identify forward-looking
statements. There are a number of important factors that could cause the Company's actual results to differ materially from
those indicated by such forward-looking statements. These factors include, without limitation, changes in the regulation of
the internet industry at either the federal and state levels, competitive pressures in the games and vending or internet
industry and the Company's response thereto, the Company's ability to obtain and retain favorable arrangements with
third-party payers, the Company's ability to obtain capital in favorable terms and conditions, and general conditions in the
economy.
The following discussion of the Company's results of operations and financial conditions should be read in conjunction with
the Company's condensed consolidated unaudited Financial Statements listed in Part I, Item I and the notes thereto appearing
elsewhere in this Form 10-QSB.
COMPARISON OF THE RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDED March 2003 and 2002.
After adjustments, revenue increased to $377,037 for the three months ending March 31, 2003 from $317,616 for the three
months ending March 31, 2002. Cost of sales were $126,078 in the 2003 period resulting in a gross profit of $250,959
compared with cost of sales of $108,287 in the 2002 period resulting in a gross profit of $209,329. Salaries were $120,842
and operating expenses $132,374 in 2003 versus salaries of $75,006 and operating expenses of $100,397 in 2002. After
expenses and interest the net loss from continuing operations was $2,745 in the three months ending March 31, 2003. After
debt forgiveness of $410,505 from the agreement with Multi-Page Communications, the profit in the 2003 period was
$407,760. In the 2002 period the loss from continuing operations was $6,473 which included a loss of $37,267 for a disposal
of assets. After restating the loss from discontinued operations of $138,711 from the ZOOM Communications division and a
gain of $39,856 on the sale of ZOOM, the total net loss for the three-month period ended in 2002 was $105,328. The
settlement with Multi-Page resulting in debt forgiveness of $410,505 is covered in more detail under Recent Developments.
- 7 -
_____________________________________________________________________________________
COMPARISON OF THE RESULTS OF OPERATIONS FOR THE NINE MONTH PERIOD ENDED MARCH 2003 AND 2002.
Revenue increased to $1,211,621 for the nine months ended March 31, 2003 from $813,135 for the nine months ended March 31,
2002. Cost of goods sold amounted to $507,779 for the 2003 period versus $219,108 in 2002. Gross profits increased to
$703,842 for the nine month period ended 2003 compared to $594,027 in 2002. Salaries for the nine month period ended 2003
were $241,455 and expenses were $431,778 resulting in operating income of $30,609 and after interest expense of $2,336, the
income from continuing operations was $28,273. After the gain from debt forgiveness of $410,505 from the negotiated
settlement with Multi-Page, the profit for the nine months ended March 31, 2003 was $438,778. Salaries for the nine month
period ended 2002 were $233,347 and expenses were $291,900 resulting in a loss from continuing operations of $2,436 after
interest expense of $33,949 and $37,267 from a loss on disposal of assets. With a gain of $39,856 on the sale of ZOOM and
loss of $236,590 on the discontinued operations of ZOOM, the net loss for the period ended March 31, 2002 was $199,170. The
increased revenues for the 2003 period were due to increased sales in the Gamosity division which also results in a higher
cost of goods sold. Cash flow for the period was fair when considering that depreciation was $150,003.
LIQUIDITY AND CAPITAL RESOURCES
CASH USED IN OPERATING ACTIVITIES - the company's net cash flow from operating activities was $43,772 for the nine month
period ended March 31, 2003 compared to $204,126 for the 2002 period. Accounts receivable increased $73,824 in the 2003
period compared to a decrease of $87,098 in 2002. Inventories increased by $72,722 in the nine month period ended March 31,
2003 versus a decrease of $126,686 in 2002. Accounts payable increased by $106,294 in the 2003 period versus a decrease of
$39,162 in 2002. Other current liabilities decreased by $65,383 in 2003 compared to an increase of $36,096 in 2002. Deferred
revenue recognized by WebBox sign ups decreased by $31,169 in the 2003 period versus an increase of $29,951 in
2002. Accounts receivable, inventories and accounts payable all increased due to sales increases in the Gamosity division.
CASH FLOWS FROM INVESTING ACTIVITIES - The company's net cash used in investing activities was an increase in deposits of
1,399 in the nine month period ended March 31, 2003 compared to a net of $37,835 in the 2002 period primarily for capital
expenditures.
CASH FLOW FROM FINANCING ACTIVITIES - The Company's net cash flow from financing activities was a decrease of $45,704 in the
2003 period which included a reduction of notes payable to Multi-Page as well as long term debt and capital leases and an
increase of $50,092 in our line of credit. In addition, a company Director advanced the company $30,000 as of March 31,
2003. In the 2002 period there was a reduction of $91,274 in long term debt.
- 8 -
_____________________________________________________________________________________
RECENT DEVELOPMENTS
Brandmakers continues to focus on profitability, its core competencies, and continuing to strengthen its organization. In
this quarter, Brandmakers reduced its debt by nearly $500,000 based upon an agreement with Multi Page Communications. In
February of 2002, Brandmakers negotiated a settlement amount of $100,000 due on or before March 22, 2003. In March of 2003,
Brandmakers paid its final payment in full to Multi Page which removed a total of $491,707 from its notes payable on the
balance sheet.
In April of 2003, Brandmakers released its newest product, a vending machine called the Booster Vender. The product was
developed at its corporate headquarters located in Suwanee, GA. After extensive site testing, it is ready for the
marketplace. The Booster Vender is the first vending machine of its kind in that it vends a product, a cell phone antenna
booster as seen on TV, for a set price, then; it vends four free sweepstake tickets. Buyers of the product can then redeem
their sweepstakes tickets for cash prizes. It is our belief that the Booster Vender is accepted in all states that have
specific sweepstakes laws and also those that allow for redemption.
Brandmakers continues to successfully sell its Royal Magic redemption game and is currently working on modifications to the
game to make it even more attractive to its patrons. Also under development is our Magic Touch coin pusher. We expect this
to be completed by early next quarter. We are continuing to look for opportunities to expand our product offering and we
feel the coin pusher marketplace is wide open for growth.
Also in the quarter, Brandmakers has begun selling service to operators, to manage large redemption game routes for a
percentage of the profits of each machine. We believe this to be a lucrative expansion of our service and support
offering. We have launched with our first client late in the quarter and are expecting it to be producing consistent
revenues in the following quarters.
WebBox, the web-based email and virtual office division of Brandmakers continues to work on improvements by the addition of
features as well as increasing speed and reliability. MailStart continues as a free email service with usage limited to once
per week to encourage sign ups to WebBox. The WebBox renewals provided good cash flow in the three month period ended March
31, 2003.
- 9 -
_____________________________________________________________________________________
Part 2: OTHER INFORMATION
Item 1: LEGAL PROCEEDINGS
We reported previously that a final judgment was granted to K.W. Machines Ltd. in the amount of $320,000 and is carried on
our balance sheet for that amount.
Item 2: CHANGES IN SECURITIES AND USE OF PROCEEDS
None
Item 3: DEFAULT UPON SENIOR SECURITIES
None
Item 4: SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
None
Item 5: OTHER INFORMATION
None
Item 6: EXHIBITS AND REPORTS ON FORM 8-K
None
SIGNATURES
In accordance with the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
BRANDMAKERS, INC. (Registrant)
May 12, 2003 By: /s/ Timothy J. Minard
( Chief Executive Officer)
By: /s/ Joy Williams
(Joy Williams, Secretary)
- 10 -
Brand new poisson d'avril today and up she goes +500%
Brand new game on the website
Royal Jackpot
Brandmakers
140 Satellite Blvd
Suwanee, GA 30024
Phone: 770-338-1958
Fax: 770-338-9331
E-Mail: info@brandmakers.com
Brandmakers, Inc. is a diversified company engaged in the provision of Internet development and electronic game and vending equipment through two technology-based divisions. For the six months ended 12/31/02, revenues rose 68% to $835 thousand. Net income from continuing operations totaled $31 thousand, up from $1 thousand. Revenues reflect an increase in sales. Higher income also reflects lower salaries and wages and reduced interest expenses.
Financials look good :
Period Ending: Dec 31, 2002 Sep 30, 2002 Jun 30, 2002 Dec 31, 2001
Total Revenue $429,632 $404,952 $185,207 $796,294
Cost Of Revenue $149,265 $232,436 $86,405 $418,920
Gross Profit $280,367 $172,516 $98,802 $377,374
Operating Expenses
Research And Development N/A N/A N/A $1,769
Selling General And Administrative Expenses $220,138 $199,879 ($194,262) $310,909
Non Recurring N/A N/A N/A N/A
Other Operating Expenses N/A N/A $186,332 $55,296
Operating Income $60,229 ($27,363) $106,732 $9,400
Total Other Income And Expenses Net N/A N/A $2,039 N/A
Earnings Before Interest And Taxes $60,229 ($27,363) $108,771 $9,400
Interest Expense $647 $1,201 $7,418 $3,680
Income Before Tax $59,582 ($28,564) $101,353 $5,720
Income Tax Expense N/A N/A N/A N/A
Equity Earnings Or Loss Unconsolidated Subsidiary N/A N/A N/A N/A
Minority Interest N/A N/A N/A N/A
Net Income From Continuing Operations $59,582 ($28,564) $101,353 $5,720
Nonrecurring Events
Discontinued Operations N/A N/A ($292,670) N/A
Extraordinary Items N/A N/A N/A N/A
Effect Of Accounting Changes N/A N/A N/A N/A
Other Items N/A N/A N/A N/A
Net Income $59,582 ($28,564) ($191,317) $5,720
Preferred Stock And Other Adjustments N/A N/A N/A N/A
Net Income Applicable To Common Shares $59,582 ($28,564) ($191,317) $5,720
More filings for Brandmakers, Inc. available from EDGAR Online. Get a Free Trial to EDGAR Online Premium
EDGAR Online: Research People in this company / Full text Search
--------------------------------------------------------------------------------
We seem to have a new machine product RED ARROWS :
Our Internet division, Mailstart and Webbox, have millions of visitors a year and have generated a subscriber base of nearly 100,000 members in just 12 months. Cell phone vendors, floppy disk and CD vendors, Virtual Reality Golf and Red Arrows are some to the products our games and vending division produce and sell.
Gamosity, the games and vending division of Brandmakers, imports and manufactures skill machines for amusement and redemption purposes in addition to their line of vending machines. In July, the State of Georgia banned the use of all games of chance. This included video poker, 8 liners and blackjack machines. Consequently, it is estimated that in excess of 40,000 machines had to be picked up and taken out of locations. This created an opportunity for Brandmaker's skill machines such as Royal Magic. Royal Magic is an innovative redemption machine that utilizes mechanical reels, similar to the look and feel of slot machines, which allow players to use their skill to win and redeem prizes. It will not result in a winning combination unless assisted by the player's skill, which is critical to adhering to the laws of Georgia. Royal Magic is very appealing to players that have played Las Vegas style games, and, based on the ban of games of chance, we believe it will have strong appeal amongst such players. In October, 2002, Brandmakers requested and received a positive legal opinion regarding Royal Magic. According to this opinion, Royal Magic adheres to the laws in Georgia regarding redemption machines. Based on this opinion and based on the lack of machines that adhere to the Georgia laws, in October, 2002, Mr. Minard commenced ordering the equipment necessary to manufacture and sell these machines, initially focusing on sales in Georgia. In November, 2002, Brandmakers began taking orders for Royal Magic, and, in January, 2003, Brandmakers began filling such orders. Sales during the quarter included two computer disk vending machines, fifty-four pull tab machines and forty-six Royal Magic machines. During the period, the division hired a full time technician as well as a part time person to assist with assembling machines. Currently, other unique redemption and vending machines are being considered by Brandmakers for development.
Bottom line :
Sales during the quarter included two computer disk vending machines, fifty-four pull tab machines and forty-six Royal Magic machines. During the period, the division hired a full time technician as well as a part time person to assist with assembling machines. Currently, other unique redemption and vending machines are being considered by Brandmakers for development.
They filled.
2002 AND 2001.
Revenue increased from $495,519 for the six months ended December 31, 2001 to $834,584 for the six months ended December 31, 2002. Cost of goods sold amounted to $110,822 for the 2001 period versus $381,701 in 2002. Consequently, gross profits increased to $452,883 for the six month period ended 2002 compared to $384,697 in 2001. Expenses for the six month period ended 2002 were $420,017 resulting in a profit of $31,018 from continuing operations after interest expense of $1,848. Expenses for the six month period ended 2001 were $352,953 resulting in a profit from continuing operations of $1,027 after interest expense of $30,317. However, there was a net loss in 2001 of $93,842 after a loss on discontinued operations of ZOOM Communications of $94,869 compared with net income of $31,018 in 2002. Note that accrued salaries in the amount of $65,191 were written off in the three month period ended 9/30/02 as reported in the 10 QSB. The primary reason for a profit in the 2002 period was due to improved revenues as well as the accrued salaries that were written off versus a substantial loss in the 2001 period due to the discontinued operations of ZOOM Communications.
It's impossible to add a large number without driving the price up over 5 cents. No large block sellers. It would be good to get more trading to reduce the crazy spread. Countdown to the 10QSB filing next Friday. I think we will see almost positive cash flow for the last quarter, no counting depreciation and be firmly in the black for this quarter, with some interesting footnotes instead of PRs.
Still don't like SYTE "Evan" ex Limey
You will not have long to wait, the 10QSB will show if the slot machines are selling or not and whether they now have positive cash flow. Because of loss carryover and depreciation it could be years before they have to pay any taxes. Also take alook at ENGY. If their green machine process works and is cost effective ENGY could be in the right place at the right time. Of course so will the investors
I am still in and a lot of friends of mine too
Best seller so far in 2003:
Royal Magic
5 liner skill machine
Optional ticket dispenser and/or custom printer
All cash in-ticket out
Conforms to all states allowing redemption
Ideal for: convenience stores, truck stops, family centers, and theaters
Full accounting software
Full diagnostic mode
Players need to interact with this game!
Can be linked progressively
Brandmakers
140 Satellite Blvd
Suwanee, GA 30024
Phone: 770-338-1958
Fax: 770-338-9331
E-Mail: info@brandmakers.com
Countdown to the 10QSB filing. This time I think it will show a continuing turn-around and have some interesting footnotes. I don't regret being in so long, to accumulate the number of shares I have in the next three months would blow the price past 5 cents. Newbies may be able to pick up a 100k or so at these prices, but that's it.
I think 2003 is make or break year for BMKS. The first sign will be the February 14th 10QSB, which reflects business through the end of December 02, I don't expect much from these numbers, maybe even a small loss. The key will be in the footnotes, which should talk about first qaurter 03 sales of slot machines and company future plans.
CURRENT BUSINESS INFORMATION: Brandmakers, Inc. consists of two technology-base divisions with a foucs on games and vending and Internet application development. Gamosity, the games and vending division, focuses on computerized games and vending machine manufacturing and distribution. MailStart engages in Internet application development and offers gateway e-mail service as well as its WebBox application.
BMKS has literally doubled its machine business in the last three months, but it hasn't been able to capture all of the profitability associated with that growth. operations in 2002 and the expectation is for improvement in that part of the business in 2003 and 2004. With the team they have in place,they believe they are on track to be successful in this marketplace.
Hey,
I had a real nice chat with Tim Minard this afternoon. Sounds like he's getting a good grip on the overall operation, developing some effective strategies, in the process of clearing out left-over cobwebs, and is planning on keeping us Longs a whole lot better informed.
The normal business reports should be out soon, and we should see some news on the wires within the next 15+/- days, or so. Obviously that had to be put in the "..SEC-related Officially Wishy-washy.." category, but it sounded sincere to me.
I pointed out that we were certainly starved for news, and that even small items like new employees, etc., would be worth hearing about.
Additionally, I suggested an "..Investors Update Page.." on the BMKS website - where little tidbits that don't deserve a full-blown PR could be shared.
"...T-h-a-n-g-s is definitely lookin' up....."!!!
John
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
It's a pretty decent quarter -- as expected there will be upside to the numbers. I think we have a buy on the rumor and sell on the news."
Looking forward to a PR, not sure what it will do for the stock price. It will take more than that to re-build investor confidence and interest after leaving investors in the wilderness for several years.
Slot machines are being shipped, this should be a good quarter, but the cash flow will not show up in the February 15th filing, since that is for the period ending December 31st. A PR would be nice or at least a statement in the 10QSB.
I had to pay .013 also, come on tax-sellers, dump, I want a bucketful for Xmas.
Someone is doing some smart buying at .015. It can't last, no selling and there are few MMs with very little stock. I think the company told me once about 50% of the float was with people who kept their own certificates. I guess the company gets that information from the transfer agent and stock holder lists.
BMKS - BRANDMAKERS INC Company Profile
Last
Sale:
0.017
Best
Bid:
0.012
Best Bid
Depth:
5000
Best
Ask:
0.018
Best Ask
Depth:
10000
MPID Bid Size Ask Size U O/C
NITE 0.012 5000 0.02 5000 O
GVRC 0.01 5000 0.02 5000 O
SCHB 0.01 5000 0.018 5000 O
HILL 0.005 5000 0.018 5000 O
JEFF 0.005 5000 0.03 5000 O
FRAN 0.002 5000 0.02 5000 O
LTCO 0.001 5000 0.07
NTN Communications, Inc. Signs Agreement With Shea Homes
Thursday December 5, 8:00 am ET
NTN to Expand the NTN Network(R) to Active Adult Communities
CARLSBAD, Calif., Dec. 5 /PRNewswire-FirstCall/ -- NTN Communications, Inc. (Amex: NTN - News), the world's leader in interactive communications and entertainment products for the hospitality industry, has signed a formal agreement with Shea Homes, the nation's largest, privately owned homebuilder, to expand the NTN Network® to Shea Homes' active adult communities.
ADVERTISEMENT
The partnership reflects the need for active adult community developers to provide additional services and entertainment to the increasing numbers of aging baby boomers who will be trending to these communities in the coming years. The NTN Network, which broadcasts a variety of interactive multi- player sports and trivia games, will initially be launched before the end of December at Shea Homes' Trilogy Communities located in Rio Vista, CA and Gilbert, AZ. The NTN Network will broaden the number of activities that are available to the residents of these communities. "Our Trilogy residents are excited about the addition of the NTN Network to their clubhouse. They are excited about the community connectivity that will be built throughout all the Trilogy families," stated Kathy Wenzlau, Community Director at Shea Homes.
The partnership also underscores NTN's commitment to developing alternative distribution channels and expanding the markets for the NTN Network. "We've learned that as Americans get older, their commitment to the social aspects of entertainment remain very strong, and we're pleased that Shea Homes has demonstrated the foresight by including the NTN interactive entertainment network as part of their innovative adult community at Trilogy," said Mark deGorter, President and Chief Operating Officer of the NTN Network. "Our research indicates that there are in excess of 700 Active Adult communities in the United States, with an estimated 2.7 million homes. Evolving the NTN Network to support alternative, non-traditional markets is a core strategy going forward, as we broaden our offerings to support other entertainment-based establishments and businesses that cater to a captive audience," further added deGorter.
About NTN Communications, Inc.
Based in Carlsbad, CA, NTN Communications, Inc. is the parent corporation of the NTN Network® division and Buzztime Entertainment, Inc., a subsidiary. The NTN Network division, which focuses on the out-of-home hospitality industries, is comprised of the NTN Network and NTN Wireless Communications, Inc. The NTN Network is the largest out of home interactive television network in the world. Through NTN's Digital Interactive Television technology, the NTN Network broadcasts entertainment and sports programming engaging more than 1.7 million players and reaching more than 6 million unique customers each month in approximately 3,600 North American hospitality locations such as TGIFriday's, Damon's, Applebee's, Buffalo Wild Wings, Bennigan's, and others. NTN Wireless(TM) manufactures, sells, and repairs paging equipment to over 2,000 restaurants, as well as providing on site messaging solutions for hospitals, church nurseries, salons, business offices and retail establishments. NTN Wireless also offers enhanced stored-value gift certificate and loyalty programs to improve customer retention. Buzztime Entertainment, Inc., with investment from Scientific-Atlanta, Inc., produces BUZZTIME®, the interactive television trivia channel, and live sports prediction games such as QB1® from its live interactive broadcast studio. Buzztime's partners include: Scientific-Atlanta, Inc., Liberate Technologies, Microsoft Corporation's MSN®TV and the National Football League.
About Shea Homes
J.F. Shea Co., Inc. together with its affiliates and subsidiaries is one of the nation's largest builders and developers of master planned communities, homes, apartments, offices, industrial parks, neighborhood and community shopping centers and also operate as a civil infrastructure contractor and venture capital investor. The company is privately owned and has been in business for over 120 years. Shea's growth has been both internal and through acquisitions, including the 1997 acquisition of Mission Viejo Company and the 1998 acquisition of UDC Homes, Inc. with a combined transaction value of approximately $940 million. Further information may be obtained by visiting J.F. Shea's website at www.jfshea.com .
This release contains forward-looking statements, including statements relating to future growth opportunities and strategies, which are subject to risks and uncertainties including changing economic conditions, product demand and market acceptance risks, the impact of competitive products and pricing and other risk factors detailed in the NTN's Securities and Exchange Commission filings, including its Report on Form 10-K for the fiscal year ended December 31, 2001. NTN disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For further information, please contact John P. Salvador, Director, Investor Relations of NTN Communications, Inc., +1-888-752-9686, ext. 1180, John.Salvador@ntn.com
I guess we just have to drop a dime and call him. I'll ask uncle John to do that
Tim baby, do something, even if it's only tell the world you are the new CEO and INTEND to do something. Shout it from the roof tops or at least in a PR
WHAT ABOUT THESE APPLES?
Gamosity, the games and vending division of Brandmakers, Inc. imports and manufactures skill machines for amusement and redemption purposes in addition to their line of vending machines. In July, the State of Georgia banned the use of all games of chance. This included video poker, 8 liners and blackjack machines. Consequently, it is estimated that in excess of 40,000 machines had to be picked up and taken out of locations. This created an opportunity for our skill machines such as the Royal Magic, reported Geoff Williams, so we requested and received a legal opinion so that we can commence ordering the equipment necessary to manufacture and place these machines.
That's next week
I don't expect to see anything until the first week of DEC.
Takes a little time to break in the new guy, and hash out the PRs, etc.
John
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
Time to use more of that spare change before turkey day.
About our new CEO, via RB
From Atlanta Business Chronicle Nov. 2001:
Computer shop upgrades its future
Mary Jane Credeur Staff Writer
A year ago, computer equipment upgrade shop TradeUps Inc. was $2 million in debt and riding the downward spiral that forced its incubator, eHatchery LLC, out of business this year.
Today the 2-year-old company has a new CEO, an infusion of $5.6 million in venture capital and a new business plan that caters to big-money computer manufacturers like Dell Computer Corp. (Nasdaq: DELL) and IBM Corp. (NYSE: IBM) to take old equipment out of a saturated personal computer market.
"I adored the concept the very first time I saw it, but the company had some weaknesses," said Timothy Minard, a Wisconsin native who made millions on an earlier start-up and now backs a venture firm called Minard Ventures. "The burn rate was too high, and there wasn't a clear enough focus."
Minard was named CEO of TradeUps early this year, and immediately redrafted the company's business plan to veer away from individual consumers and go after major manufacturers who have a financial incentive to replace old equipment with newer versions.
The new CEO invested $500,000 of his own cash and helped the company raise its $5.6 million series B extension round, which closed in mid-November, bringing the company's lifetime funding to $8 million. Investors include Cordova Intellimedia Ventures, which led the round, Noro-Moseley Partners, Total Technology Ventures, Atlanta Technology Angels and Imlay Investments Inc.
TradeUps matches computer manufacturers with companies that recondition used equipment and redistribute it to schools, youth organizations, charities and others. TradeUps gets a contract fee ranging from a few thousand dollars to hundreds of thousands of dollars for each sizable transaction.
An estimated 113 million personal computers were sold in 2000, according to research by The Gartner Group Inc. (NYSE: IT), possibly displacing tens of millions of outdated PCs each year.
"Companies do what we do, and they store [old] equipment in a warehouse until it builds up, then they do a big sweep and get rid of it," said Frances O'Brien, who tracks computer obsolescence for Gartner.
So TradeUps acts as a go-between to find companies or organizations with a large number of used computers and match them with firms that refurbish or resell. The value of the traded-in goods goes toward the purchase of new equipment, which attracts manufacturers because it provides an incentive to consumers to buy the latest equipment. Earned credit usually runs in the 10 percent range of the value of the old computer.
"People are much more willing to buy a new computer if they can get $100 or $150 for the old one," said Steve Nussrallah, a principal with Noro-Moseley who oversaw the deal and now sits on the TradeUps board.
There are several dozen Web-based companies across the nation that take trade-in computer equipment and apply the value toward new goods, but few, if any, have formal support from the major manufacturers. In addition to IBM and Dell, TradeUps has agreements in place with Hewlett-Packard Co. (NYSE: HWP) and Eastman Kodak Co. (NYSE: EK), which makes digital cameras, printers and scanners.
Frank Dalton, managing director of Cordova, said TradeUps' service is a way for manufacturers to gain market share by "buying up" old equipment made by their competitors and applying the value to machines they make.
TradeUps wasn't always so focused. The company was founded in 1999 by former Innotrac Corp. vice president Joel Holtzman as a marketplace for individual consumers who wanted to get rid of old electronics, but that revenue model didn't work well, investors said.
The company was housed initially in the eHatchery high-tech incubator at Southern Dairies in Midtown.
After dramatically cutting its staff and shifting to a technology consulting model early this year, eHatchery shuttered its windows around the same time Minard Ventures bought out eHatchery's stake in TradeUps.
•
Wonder what the new guy has in mind for his role?
Hi,
I used a little spare change to pick up some at 0.018 (..under the ASK..) this morning.
The MFMMMs didn't want to play on Friday.
John
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
BUYING COMING IN
Followers
|
2
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
307
|
Created
|
04/26/01
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |