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Sorry to be a bore, but you guys will kick yourselves next week for not trying to pick up as much as you can carry at .006.
BMKS can be had at .006, but I doubt you will get many shares at that price
This could be the 10QSB filing in 10 days.
Just one postive PR would probably light the candle.
good luck.
John
It's turn-around time
Well, it seems like they are getting their house in order.
Probably a good time to do a little averaging.
Good luck.
John
.
Try to get some at .007, the MMs will raise the ask to .01. All they need to do is to resolve the K-W claim issue, which is being worked now, they will emerge, smaller, sadder and wiser, like us all, but still intact with what's left. The actual stock value will be determined by the K-W claim settlement terms.
What's left:
INVESTOR RELATIONS
• Onsite Communications
• One of the internets busiest websites
• Consumer and Business based games and vending machines
We Are Brandmakers !
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.
Brandmakers is a diversified company with 3 distinct divisions. Started almost 10 years ago the company went public in late 1999. Since that time the company has grown each division and looks forward to a bright future. Brandmakers is an over the counter bulletin board stock traded under the symbol BMKS. We invite you to take a few minutes to learn more about our exciting and unique company.
To request investor information, email your contact information and request to:
investorrelations@brandmakers.com
Contact Information
Brandmakers Inc.
1325-C Capital Cr. NW
Lawrenceville, GA 30043
Phone 770-338-1958
Fax 770-338-9331
Exchange: OTC
The web pages are being reworked. All I hope is that BMKS can survive as a profitable small company that will get back to 3 cents this year. If they can get over the K-W machines claim hurdle I think they can do it, the 10QSB filing should point in this direction.
It might me interesting to try to buy some at .005. The ask is still .01. With 128 million shares outstanding .005 equals a $640,000 market cap at .01 it's $1.28 million, which one is nearest?
Filing just out:
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported) ____April 5, 2002
____
_________________ Brandmakers, Inc. _________________
(Exact Name of Regristrant as Specified in Its Charter)
_______________________ Utah
________________________
(State or Other Jurisdiction of Incorporation)
_____ 0-28184 ____
_______ 37-1099747
_______
(Commission File Number)
(IRS Employer
Identification Number)
_ 140 Satellite Bl. Suite C Suwanee, GA
_
__ 30024 __
(Address of Principal Executive Offices)
(Zip Code)
________________ 770 - 338 - 1958 ________________
(Registrant's Telephone Number, Including Area Code)
__________________________________________________
(Former Name of Former Address, if Changed Since Last Report)
Brandmakers, Inc. sold their ZOOM Communications division effective April 5, 2002
under an Asset Purchase Agreement with NTN Communications, Inc. (AMEX: NTN).
Assets and Liabilities were transferred per Exhibit A which was the book value as of
March 15, 2002. In addition, Brandmakers, Inc. received $20,000 of restricted
common shares of NTN Communications, Inc. Brandmakers, Inc. was relieved from
the responsibility of current losses as well as the liabilities. Russ Ford, President and
Sal Veni, Chief Operating Officer, resigned their positions with Brandmakers to
manage the division for NTN.
Brandmakers restructured the outstanding debt of $518,400 with Multi-Page
Communications, reducing the note to $100,000 with $5,000 down and $95,000
amortized over five years at 9% interest with a balloon payment at the end of one
year. However, the full amount less payments will remain on the balance sheet until
the final payment is made. All payments must be made on a timely basis with a thirty
day grace period.
Book Value
As of March 15, 2002
ZOOM Communications Division
Assets:
Accounts Receivable
Factored
$
90,047.36
90 days from invoice date
21.311.17
Other
18,363.83
-----------
129,722.36
Prepaid inventory
2,995.00
Inventory
45,052.04
Demo Systems
11,898.50
Advanced Replacement Systems
11,272.50
Fixed Assets, Net
92,966.17
-----------
Total Assets
$
293,906.57
-----------
Liabilities
Accounts Payable
$
234,284.20
Line of Credit
72,265.22
Deferred Revenue:
Credit Balances in A/R
7,213.35
-----------
Total Liabilities
313,762.77
-----------
Net Book Value
(19,856.20)
===========
Look into BMKS it looks terrible now, but could be a 10 bagger in 3 weeks.
During NTN teleconference NTN stated they paid over $600k for ZOOM and there were other parties who received restricted stock. Wonder if it was the departing ZOOM management ?
BMKS sold ZOOM for 80% of the debt they owed on it, ZOOM could NOT have serviced it's debt? The new owner can survive the red ink while it turns around, BMKS could not. The business left is more less a cash business, renewals and new signups for mailstart and 50% cash with the order for machine sales. The only tricky thing they have left is to negotiate a way to deal with K-W machines debt that they can deal with out of current cash flow, I think they will be able to do this because it's in the best interest of both parties.
BMKS is now reduced to 25% it's former size and is down to two divisions. When the K-W machines debt is restructured they will begin to see the light of day. Action was necessary, they did what they had to, I am staying with the stock for at least the rest of this year. Unlike most pennies the directors or the company have not sold one share of stock in the last two years.
Brandmakers Sells Zoom Communications Division and Restructures Debt
Other Divisions Profitable
Suwanee, Georgia April 9, 2002 Brandmakers Inc. (OTC BB: BMKS) announces the sale of the assets of the ZOOM Communications Division to NTN Communications, Inc. (AMEX: NTN). In addition to the transfer of the division's assets and liabilities, Brandmakers receives $20,000 of restricted common shares of NTN Communications, Inc. We view the sale as a win-win activity relieving Brandmakers from the responsibility of continuing losses as well as significant liabilities and the division is a good fit for NTN. Russ Ford, President, and Sal Veni, Chief Operating Officer resigned their positions with Brandmakers to manage the division for NTN. "We wish them well along with all ZOOM Communications personnel" said Brandmakers CEO Geoff Williams.
Additionally, Brandmakers restructured the outstanding debt of $518,400 with Multi-Page Communications, reducing the note to $100,000 with $5,000 down and $95,000 amortized over five years at 9% interest with a balloon payment at the end of one year. The down payment and the first monthly payment have been made. "Multi-Page recognized our financial situation and we appreciate their cooperation. However, the full amount less payments will remain on the balance sheet until the final payment is made," advises Board of Directors member Bob Palmquist. "All payments must be made on a timely basis with a thirty day grace period."
"The Internet Division commenced renewal income through subscriptions to WebBox in the month of February, 2002 which will continue and be quite positive for cash flow," advises Palmquist. "February and March have been good cash flow months for the division and April is projected to provide solid income as well, which will help considerably with our financial situation."
"Gamosity, the games and vending division, delivered 100 Viavend dispensing machines in March and early April, 2002. Also, there has been a recent demand for a Phone Card-Sweepstakes dispensing machine with 30 machines delivered in March and an additional 45 machines being assembled for delivery in April. There are other orders pending as well and three cell phone machines were sold during the month of March," advises Williams.
This press release contains forward-looking statements relating to the sale of assets to NTN Communications, Inc. and expectations regarding the divisions, and other statements which are subject to various risks and uncertainties including competitive factors and the availability of capital to finance growth.
--------------------------------------------------------------------------------
It ain't over till the fat lady sings
Press Release
SOURCE: NTN Communications, Inc.
NTN Communications Acquires Zoom
Communications, Former Brandmakers, Inc. Division
- Acquisition to grow NTN Customer Base, Launch NTN Entry Into
Hospitality Wireless Paging and Gift/Loyalty Card Segment -
CARLSBAD, Calif., April 8 /PRNewswire-FirstCall/-- NTN Communications, Inc.
(AMEX: NTN - news), the world's largest out-of-home interactive television network,
announced today that it has acquired the assets of ZOOM Communications, a young,
technologically advanced innovator in the growing restaurant wireless paging industry, from
Brandmakers, Inc. The acquisition of ZOOM's state-of-the-art line of on-site paging
systems, electronic gift cards, loyalty programs and electronic data-managed comment
cards expands NTN's products and services beyond its interactive entertainment focus and
extends its client relationships to an additional 2,000 restaurant doors and another 50
chains -- 10 of which are in excess of 100 units. ZOOM Communications will now become
NTN Wireless Communications, a wholly owned subsidiary of NTN Communications,
reporting as part of the NTN Network Division.
The ZOOM Division of Brandmakers, Inc. reported revenue in excess of $2 million in its
most recent fiscal year. Under terms of the Asset Purchase Agreement, NTN issued
restricted stock to Brandmakers and assumed selected liabilities. In addition, by way of a
separate agreement, NTN entered into 2-year employment contracts with ZOOM's two
principals, Sal Veni, COO and Russ Ford, president, to join NTN as Vice President of
Operations and Vice President of Sales, respectively, in the NTN Wireless
Communications division. ZOOM Communications and its Georgia-based headquarters
will be folded into a newly formed wireless subsidiary of NTN and become a regional
office and distribution center for NTN. In consideration for the purchase, NTN assumed
$314,000 in liabilities from Brandmakers, Inc. and issued an aggregate of $300,000 in
restricted common stock to all parties. The company believes earnings from this new NTN
wireless unit will be accretive.
``The acquisition of ZOOM Communications fits squarely into our objective to be the
leading provider of interactive communication and entertainment services to the industry,
and provides a number of synergies to NTN. These include effectively leveraging our
existing customer base by broadening product and service offerings as well as expanding
brand awareness and business opportunities into a wider range of out-of-home hospitality segments,'' said Mark deGorter,
president/COO of the NTN Network. ``NTN's entertainment knowledge-base and longevity in the industry combined with
ZOOM's innovative wireless products, stored-value gift card and loyalty programs will lead to fully integrated, front of the
house solutions giving our clients the value-added services they are looking for to stay competitive.''
ZOOM Communications' key products and services include: NexCall, the most advanced guest paging coaster system on the
market; E-Gift, a hospitality specific gift and loyalty card program created through an exclusive relationship with Datamark
Technology, that replaces existing paper gift certificate programs; and SurveyCheck(TM), a ``Touch-Screen'' Electronic
Comment Card that takes the place of old paper comment cards and secret shopper services while giving restaurants
real-time data to monitor and improve service.
In addition, the acquisition enhances ZOOM's ability to offer the most advanced guest paging systems, wireless products and
stored-value gift and loyalty card programs to more than 3,600 NTN locations in North America including chains such as
Applebee's, Bennigan's Grill & Tavern; Buffalo Wild Wings; Damon's International; as well as T.G.I. Friday's and its largest
franchisee group, Main Street & Main, Inc.
ZOOM's stored value gift/loyalty card concepts will be integrated with NTN's existing 1.1 million frequent player database.
Currently associated with brand name retail and restaurant locations such as J. Crew, Brooks Brothers, Ruths' Chris and
Cafe Enterprises, the ZOOM program will provide strong value to NTN restaurant partners and bring meaningful benefits to
dedicated NTN players. The combination of repeated game play and food and beverage purchases will build the basis for a
comprehensive player loyalty program.
``NTN's 17 year history in the restaurant business, and solid experience in entertainment-based games create product
placement opportunities and foster the development of hybrid tools that are beneficial for customer retention previously
unavailable to ZOOM,'' Veni said. ``NTN's national sales and field marketing infrastructure now provides the ability for rapid
deployment of ZOOM products, along with a broader portfolio of products and services to offer both new and existing
customers,'' said Ford.
About NTN Communications, Inc.
Based in Carlsbad, CA, NTN Communications, Inc. (AMEX: NTN - news) is the parent corporation of the NTN
Network® division and Buzztime Entertainment, Inc., a subsidiary. Buzztime produces BUZZTIME(TM), the interactive
television trivia channel, and live sports prediction games such as QB1® from its interactive broadcast studio. Buzztime's
partners include: Scientific-Atlanta, Microsoft WebTV, AT&T Interactive Television, Sun Java TV, Airborne Entertainment,
and Yahoo! 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 over 1.7
million players and reaching over 6 million unique consumers each month in approximately 3,600 North American hospitality
locations such as TGIFriday's, Damon's, BW3, Bennigan's and others.
About ZOOM Communications
ZOOM Communications is one of the top three developers of guest and server paging systems to customers such as
Outback Steakhouse, Applebee's, Ruby Tuesday, Pizzeria Uno's, Logans Roadhouse and O'Charley's. As the company has
grown ZOOM has moved into other markets, today selling communications systems to hospitals, churches, dental offices,
auto dealerships and day spas.
This release contains forward-looking statements, including statements relating to the closing of the acquisition, future plans
for the stored value/gift card product and frequent player program, future earnings, expected synergies, expansion of
customers, future services, which are subject to risks and uncertainties including the risks of integrating ZOOM's operations,
changing economic conditions, product demand and market acceptance, the impact of competitive products and pricing, and
other factors detailed in the Company's Securities and Exchange Commission filings, including NTN's Annual 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.
SOURCE: NTN Communications, Inc.
From RB, some time ago, not me.
" GEOFF
Well..there are talks of class action lawsuits flying around.!! NOW WHAT??? What will you do ?? Why is that only some shareholders feel comfortable with the performance of BMKS.? I own 10,000 shares and have full faith in the company..!! Is there any thing you can do to appease these hungry wolves ..?? BMKS ROCKS..!!! Keep up the great work GEOFF and associates..!! My only suggestion is coming up with a game plan to confront and defend yourselves and the companies performance against the hungry wolves. Many share holders have weak stomanchs and may follow these wolves/lemmings right off the cliff with them. "
RECENT DEVELOPMENTS
The final three-month period for Brandmakers was difficult financially and additional income or savings was derived as follows:
a) Our insurance company reimbursed Brandmakers $24,343 for expenditures regarding the Jtech Lawsuit.
b) The officers and directors did not receive a paycheck on November 15, 2001 with paychecks continuing to be reduced for all personnel.
c) WebBox offered 10,000 subscribers to the service in 2001 to renew at $8 instead of $10 for the year. Over 2000 took advantage of the early renewal, generating in excess of $16,000 in December 2001.
ZOOM communications continues to phase out the competitive wide area paging and concentrate on the more profitable on-site paging systems. Server paging, guest paging, and manager paging products are all manufactured for ZOOM and sold via direct sales as well as through an extensive network of dealers and resellers. The Gift Card and Loyalty programs offer good potential as well.
The Gamosity division produces and manufactures vending machines and computerized games. Cellular phone vending machines allows for dispensing of prepaid cellular phones. Computer disk dispensing machines for floppy disks, zip disks, super disks and compact discs continue to be sold in small quantities for placement in colleges and universities.
The economic climate has been poor for many firms including Brandmakers and sales have not kept pace with expectations.
--------------------------------------------------------------------------------
You got to love it, up 71%, that's the spread
Look at the spread on BMKS it's obscene, may indicate a MM stock shortage.
Ammended 10K filed 3/26/02. Can someone post it.
News could now be streched out to next week.
I hope the news is not a reverse split, I can bear almost anything but that since I have never seen one that was not the kiss of death.
There's life in the old dog yet
Good DD, Dude...........!!
John
".....Have you hugged...
.......
your Grandkiddies today.."
Mollymail is a competitor of webBox, these are their charges.
Benefit from access to your email from anywhere via Molly Mail for:
One Year - $45, (best value if you regularly check your email from multiple locations.)
Three Months - $25, (ideal for travelers needing occasional email access.)
24 Hours - $15, (perfect if you need short term email access).
Yes, triple my account quota to 30 mb!
Only $10 a year for annual subscribers, $3 additional for Traveling subscribers, or $0.50 additional for 24-hour subscribers.
WebBox charges $10 a year.
200k is $1400, float is 48 million, $336,000 at .007.Small potatoes. Most people seem to not be watching or caring or adopting a wait and see policy. We have not had much trading at the .007 to .02 level in the last six months. so most of the shares in 48 million in the float were bought at much higher levels. I was very surprised to see so little tax selling in December, since most people are in at levels we are unlikely to see again.
It's buyout rumor only. Someone inside the company said there would be a filing shortly to inform shareholders. The company will not say what about, that's why it's a rumor.
BMKS may explode this week with a few 100k volume.
The change coming will include personnel changes but I don't think they can fire Geoff, since they own 50 million shares. Hope it's a buy out and he goes with it
It's coming folks, maximum 10 days, don't know if it's good or bad. May be worth a flyer
Period Ending: Dec 31, 2001 Sep 30, 2001 Jun 30, 2001 Mar 31, 2001
Total Revenue $796,294 $824,983 $1,004,909 $942,057
Cost Of Revenue $418,920 $434,403 $607,137 $429,705
Gross Profit $377,374 $390,580 $397,772 $512,352
Operating Expenses
Research And Development $1,769 N/A N/A ($68,831)
Selling General And Administrative Expenses $310,909 $404,112 $354,132 $781,759
Non Recurring N/A N/A N/A N/A
Other Operating Expenses $55,296 $55,296 $220,567 ($110,478)
Operating Income $9,400 ($68,828) ($176,927) ($90,098)
Total Other Income And Expenses Net N/A N/A $14,784 N/A
Earnings Before Interest And Taxes $9,400 ($68,828) ($162,143) ($90,098)
Interest Expense $3,680 $30,734 $61,014 $27,922
Income Before Tax $5,720 ($99,562) ($223,157) ($118,020)
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 $5,720 ($99,562) ($223,157) ($118,020)
Nonrecurring Events
Discontinued Operations N/A N/A ($27,796) 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 $5,720 ($99,562) ($250,953) ($118,020)
Preferred Stock And Other Adjustments N/A N/A N/A N/A
Net Income Applicable To Common Shares $5,720 ($99,562) ($250,953) ($118,020)
News on the horizon, two weeks max, wish I knew what
So far they have delivered, they are in the black, cost cutting measures are in place. Business is like that in the real world, no overnight success, we are coming out of a recession which affected their biggest clients, restaurants. They have found the key to success, concentrate on the net operating income, not high volume,low profit sales. I am getting ready to buy more.
RECENT DEVELOPMENTS
The final three-month period for Brandmakers was difficult financially and additional income or savings was derived as follows:
a) Our insurance company reimbursed Brandmakers $24,343 for expenditures regarding the Jtech Lawsuit.
b) The officers and directors did not receive a paycheck on November 15, 2001 with paychecks continuing to be reduced for all personnel.
c) WebBox offered 10,000 subscribers to the service in 2001 to renew at $8 instead of $10 for the year. Over 2000 took advantage of the early renewal, generating in excess of $16,000 in December 2001.
ZOOM communications continues to phase out the competitive wide area paging and concentrate on the more profitable on-site paging systems. Server paging, guest paging, and manager paging products are all manufactured for ZOOM and sold via direct sales as well as through an extensive network of dealers and resellers. The Gift Card and Loyalty programs offer good potential as well.
The Gamosity division produces and manufactures vending machines and computerized games. Cellular phone vending machines allows for dispensing of prepaid cellular phones. Computer disk dispensing machines for floppy disks, zip disks, super disks and compact discs continue to be sold in small quantities for placement in colleges and universities.
The economic climate has been poor for many firms including Brandmakers and sales have not kept pace with expectations.
If we had newbies, which we don't, not even oldies, this is the best business description. Check out the competitors on the last line.
MailStart - Internet Applications
The Internet Development division of Brandmakers is a provider of universal Web-based solutions. MailStart (www.mailstart.com) is an e-mail access gateway, which allows consumers to access their POP3 e-mail boxes via the Web. MailStart provides e-mail access services to On Command Corporation, a provider of in-room interactive entertainment, Internet services, business information and guest services for the lodging industry. WebBox (www.webbox.com), an information consolidation management product, was added to MailStart's services in October 1999. WebBox offers complete e-mail consolidation for five e-mail accounts, online file storage, calendar and schedule functions, contact management, and Web bookmark and page-monitoring features.
Zoom Communications
Zoom, the communications division of Brandmakers, focuses on products for the hospitality industry. For almost 10 years, Zoom has sold guest and server paging systems to customers such as Outback Steakhouse, Applebees, Ruby Tuesday, Pizzeria Uno, Logans Roadhouse and O'Charleys. As the Company has grown, it has moved into other markets, selling communications systems to hospitals, churches, dental offices, auto dealerships and day spas.
Zoom manufactures a complete line of on-site paging systems, including NexCall, its guest paging coaster system. NexCall was introduced in May 2001. Server paging, guest paging and manager paging products are all manufactured for Zoom and sold via direct sales, as well as through an extensive network of dealers and resellers around the world. Zoom paging systems are used in the United States, as well as Canada, Mexico and more than 20 other countries.
Zoom has also moved into the managed data area with the introduction of Zoom E-Comment. It is the exclusive marketer of this Touch-Screen Electronic Comment Card manufactured by Superb Serv Technologies. E-Comment takes the place of old paper comment cards and secret shopper services giving restaurants real-time data. The program can be set up with Zoom managing the data or restaurants may choose to manage the information at their location.
Gamosity - Games and Vending
The Gamosity division produces and manufactures vending machines and computerized games. Virtual Reality Golf is a computerized golf game with a 34-inch monitor housed in custom-built cabinetry. The patented club, sensor pad and roller ball are on a separate console placed in front and to the side of the cabinet. Players swing a club with an infrared beam over the sensor base, which activates the ball on the screen whether driving, pitching or putting. The console roller ball allows players to choose courses and options. The game allows the player(s) to play a round of golf on one of 15 golf courses with audio that provides commentary on player's swings.
Brandmakers designs and imports amusement with prize (AWP) machines to its plant in Lawrenceville Georgia. Bill acceptors, printers or ticket dispensers are installed to comply with United States laws and standards. Testing of this equipment is being conducted.
A professionally designed computer disk-dispensing machine is geared toward the educatoinal facility market. The machine dispenses floppy disks, zip disks, super disks and compact discs for a nominal fee. Each machine has an exterior that allows for advertising, in addition to a scrolling marquis, which gives the operator multiple revenue opportunities. There were 19 of these machines sold in the fiscal year ended June 30, 2001 and placed primarily in college and university computer labs.
Cellular Phone Vendor allows dispensing of prepaid cellular phones. The Company sold 47 machines, primarily in the third and fourth quarters of the fiscal year. These machines have eight columns: two for cell phones, one for pagers and five for prepaid phone cards.
Laser Q is a pool cue with a laser built into the upper portion of the shaft and an impact switch built into the lower portion of the shaft allowing the laser to be turned on and off by tapping the butt of the cue to the floor. The device serves as a training device for the billiard industry.
There were sales of 12 kiosks during the third quarter of the fiscal year, which are equipped with icitamerica telecenters, 19-inch monitors, bill acceptors and credit card readers. The kiosks all have fax, copy and print capabilities. Income is derived from time usage and advertising. Advertising is sold to local merchants and users may print out offers to take advantage of discounts or coupons.
Splash Studios - New Media
Brandmakers elected to discontinue this division because it was unprofitable. Splash Studios had produced multimedia projects from concept to completion.
The Company's competitors include JTECH, Inc. and Long Range Systems.
I am one of their most optimistic investors but other people might dump and move on and who can blame them. Do the company directors care about the price of the stock? They know they have to do something to get the price of the stock up, but I think they are taking care of a few financial things the next few weeks and then they would be doing something to get the price up and re-build investor confidence.I hope they concentrate on the customers where the most profits come from, not sales. Also, if that fails pick the area that they do best and is profitable and sell off the rest. I am hanging in.
THIS IS HOW IT IS:
The final three-month period for Brandmakers was difficult financially and additional income or savings was derived as follows:
a) Our insurance company reimbursed Brandmakers $24,343 for expenditures regarding the Jtech Lawsuit.
b) The officers and directors did not receive a paycheck on November 15, 2001 with paychecks continuing to be reduced for all personnel.
c) WebBox offered 10,000 subscribers to the service in 2001 to renew at $8 instead of $10 for the year. Over 2000 took advantage of the early renewal, generating in excess of $16,000 in December 2001.
ZOOM communications continues to phase out the competitive wide area paging and concentrate on the more profitable on-site paging systems. Server paging, guest paging, and manager paging products are all manufactured for ZOOM and sold via direct sales as well as through an extensive network of dealers and resellers. The Gift Card and Loyalty programs offer good potential as well.
We have to wait a few more weks to see a price increase, but they are in the black for ther last qaurter.
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 December 31, 2001
[ ] 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 (IRS Employer
incorporation or organization) Identification No.)
140 Satellite Blvd. Ste. C, Suwanee, GA 30024
(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: 123,135,787 shares common stock, $.001 par value, were outstanding as of January 15, 2002.
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
BRANDMAKERS, INC.
FORM 10-QSB
For the Quarter Ended December 31, 2001
INDEX
PAGE
PART I: FINANCIAL INFORMATION PAGE
Item 1 -
Financial Statements
Condensed Consolidated Balance Sheets as of June 30, 2001
and December 31, 2001 3
Condensed Consolidated Statement of Operations for the
six and three Months ended December 2000 and 2001 4
Condensed Consolidated Statements of Cash Flows for the
six months ended December 2000 and 2001 5
Notes to Consolidated Financial Statements 6
Item 2 -
Management's Discussion and Analysis 6-8
Part II: Other Information
Item 1 Legal Proceedings 8
Item 2 Changes in Securities and Use of Proceeds 8
Item 3 Default Upon Senior Securities 8
Item 4 Submission of Matters to a Vote of Security Holders 8
Item 5 Other Information 8
Item 6 Exhibits and Reports on Form 8-K 8
Signatures 9
- 2 -
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Brandmakers, Inc.
CONSOLIDATED BALANCE SHEETS
December 31,
June 30, 2001
2001 (unaudited)
----------- -----------
ASSETS
CURRENT ASSETS
Cash and cash equivalents $ 51,917 $ 26,985
Receivables
Trade 302,910 259,878
Less allowance for doubtful accounts (25,000) (25,000)
----------- -----------
277,910 234,878
Inventories 206,402 88,013
----------- -----------
Total current assets 536,229 349,876
PROPERTY AND EQUIPMENT - net 845,293 777,187
OTHER ASSETS
Certificates of deposit - pledged 37,096 37,096
Deferred interest - 474
Prepaid insurance - 809
Deposits 45,606 53,889
----------- -----------
82,702 92,268
----------- -----------
1,464,224 1,219,331
=========== ===========
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Line of credit $ 142,013 $ 101,591
Notes payable 843,400 838,400
Accounts payable 405,768 386,460
Deferred revenue 267,108 203,392
Other current liabilities 36,037 65,929
Current portion of capital leases 158,915 106,585
----------- -----------
Total current liabilities 1,853,241 1,702,357
CAPITAL LEASES, less current portion 31,026 30,859
LONG-TERM DEBT - -
STOCKHOLDERS' EQUITY
Common stock - authorized 200,000,000
shares of $.001 par value 123,141 123,141
Additional paid-in capital 2,979,672 2,979,672
Retained earnings (deficit) (3,522,856) (3,522,856)
Retained earnings - current year - (93,842)
----------- -----------
(420,043) (513,885)
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$ 1,464,224 $ 1,219,331
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Brandmakers, Inc.
CONSOLIDATED STATEMENTS OF OPERATIONS
Six Months Ended Three Months Ended
December 31, December 31,
2000 2001 2000 2001
(unaudited) (unaudited) (unaudited) (unaudited)
------------ ------------ ------------ ------------
Revenues $ 2,087,110 $ 1,621,277 $ 953,335 $ 796,294
Cost of Goods Sold 1,407,041 853,323 696,435 418,920
------------ ------------ ------------ ------------
Gross Profit 680,069 767,954 256,900 377,374
Operating Expenses
Salaries and wages 532,065 437,580 161,202 213,357
Rent 97,079 59,404 34,977 25,991
Advertising and promotion 16,292 18,533 1,421 4,805
Depreciation and amortization 110,478 110,592 55,239 55,296
Research and development 68,831 1,769 6,794 3,395
Other operating expenses 305,893 199,504 33,419 65,130
------------ ------------ ------------ ------------
1,130,638 827,382 293,052 367,974
------------ ------------ ------------ ------------
Operating Income (Loss) (450,569) (59,428) (36,152) 9,400
Other Income (expense)
Interest expense (99,690) (34,414) (35,994) (3,680)
------------ ------------ ------------ ------------
(99,690) (34,414) (35,994) (3,680)
------------ ------------ ------------ ------------
Profit (Loss) before taxes (550,259) (93,842) (72,146) 5,720
Income taxes - - - -
------------ ------------ ------------ ------------
Profit (loss) from continuing
operations (550,259) (93,842) (72,146) 5,720
Discontinued operations:
Profit or loss from operations of
K.W. Leisure, Ltd. Ltd. (682,679) - (563,360) -
------------ ------------ ------------ ------------
Net profit (loss) (1,232,938) (93,842) (635,506) 5,720
============ ============ ============ ============
Per share information
Basic
Profit (loss) from:
Continuing operations $ (0.00) $ (0.00) $ (0.00) $ 0.00
Discontinued operations (0.01) (0.00) (0.01) 0.00
------------ ------------ ------------ ------------
$ (0.01) $ (0.00) $ (0.01) $ 0.00
============ ============ ============ ============
Diluted
Profit (loss):
Continuing operations $ (0.00) $ (0.00) $ (0.00) $ 0.00
Discontinued operations (0.01) (0.00) (0.01) 0.00
------------ ------------ ------------ ------------
$ (0.01) $ (0.00) $ (0.01) $ 0.00
============ ============ ============ ============
Average number of shares outstanding:
Basic 121,140,504 121,140,504 121,140,504 121,140,504
============ ============ ============ ============
Diluted 122,044,080 122,671,794 122,044,080 122,671,794
============ ============ ============ ============
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Brandmakers, Inc.
CONSOLIDATED STATEMENTS OF CASH FLOWS
Six Months Ended
December 31,
2000 2001
(unaudited) (unaudited)
------------ ------------
Net loss $ (1,232,938) $ (93,842)
Adjustments to reconcile net loss to net cash
provided by (used in) operating activities
Depreciation and amortization 130,009 110,592
Stock option expense 51,525 -
Write-off of K.W. Leisure Ltd. Goodwill 486,729 -
(Increase) decrease in assets and
Increase (decrease) in liabilities
Accounts receivable 479,609 43,032
Inventories (75,731) 118,389
Other current assets (17,449) -
Accounts payable 346,356 (19,308)
Accrued expenses (207,930) 29,892
Deferred Revenue - (63,716)
------------ ------------
Net cash provided by (used in) operating activities (39,821) 125,039
Cash flows used in investing activities
Capital expenditures - (42,485)
(Increase) decrease in deposits (1) (8,283)
Other changes in long term assets (14,877) (1,283)
------------ ------------
(14,878) (52,051)
Cash flows used in financing activities
Reductions in long term debt and
capital leases (145,551) (57,498)
Advances on notes payable 118,926 -
Reduction in line of credit - (40,422)
------------ ------------
(26,625) (97,820)
Net decrease in cash and cash equivalents (81,324) (24,932)
------------ ------------
Cash and cash equivalents at
beginning of the period 82,587 51,917
------------ ------------
Cash and cash equivalents at
end of the period 1,263 26,985
============ ============
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES AND
CERTAIN CASH FLOW INFORMATION:
The Company's noncash investing and financing activities for the six-month
period ended December 31, 2001 are as follows:
There were no significant noncash investing and financing activities for the
six-month period ended December 31, 2001.
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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, 2001.
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 but a continued improvement in the current three-month period is encouraging. 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 with a lawsuit still pending.
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 wireless communication and internet industry at either the federal and state levels, competitive pressures in the wireless communication and 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 this 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.
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COMPARISON OF THE RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDED
DECEMBER 2001 AND 2000.
Revenue decreased 16.5% from $953,335 to $796,294 for the three months ended December 31, 2001 compared to December 31, 2000. Cost of sales were reduced significantly from $696,435 in 2000 to $418,920 in 2001 resulting in a gross profit of $377,374 for the December 31, 2001 period versus $256,900 for the December 31, 2000 period. Expenses for the three-month period were $367,974 in the 2001 period and after deducting interest expenses of $3,680, there was a profit of $5,720. Please see Recent Development for additional income and savings for the period. Expenses for the 2000 period were $293,052 and after deducting $35,994 in interest, there was a loss of $72,146 with an overall loss of $635,506 after the loss from discontinued operations of K.W. Leisure, Ltd. Revenues for ZOOM Communications were much lower in the 2001 period due, in part, to the phase out of wide area paging. Cost of goods sold were 53% of sales in the three month period ended December 31, 2001 versus 73% in the 2000 period. Revenues were up significantly for the Internet Division with a very low cost of sales in the 2001 period compared to the same period in 2000. The improvement in the gross profit in 2001 versus 2000 is attributed to the lower cost of goods sold due to the phaseout of wide area paging with very low profit margins because of competition and WebBox subscriptions providing significant income for the 2001 period. The WebBox subscription income commenced on February 1, 2001 and results in a very low cost of goods sold.
COMPARISON OF THE RESULTS OF OPERATIONS FOR THE SIX MONTH PERIOD ENDED
DECEMBER 2001 AND 2000.
Revenue decreased 22.3% from $2,087,110 from the six months ended December 31, 2000 to $1,621,277 for the six months ended December 31, 2001. Cost of sales were reduced significantly from $1,407,041 in 2000 to $853,323 in 2001 resulting in a gross profit of $767,954 for the December, 2001 period versus $680,069 for the December, 2000 period. Expenses for the six-month period in 2001 were $827,382 resulting in a loss after interest expense of $93,842. Expenses for the six-month period in 2000 were $1,130,638 and after interest expense of $99,690, there was a loss of $550,259 with a total loss of $1,232,938 after $682,679 from the loss of operations of K.W. Leisure. Revenues for ZOOM Communications were much lower in the 2001 period due, in part, to the phase out of wide area paging. Cost of goods sold were 53% of sales in the six month period ended December 31, 2001 versus 67% in the 2000 period. Revenues were up significantly for the Internet Division with a very low cost of sales for the 2001 period compared to the same period in 2000. The improvement in the gross profit in 2001 versus 2000 is attributed to the lower cost of goods sold due to the phaseout of wide area paging with very low profit margins because of competition and WebBox subscriptions providing significant income for the 2001 period. The WebBox subscription income commenced on February 1, 2001 and results in a very low cost of goods sold.
LIQUIDITY AND CAPITAL RESOURCES
Cash used in operating activities - the company's net cash flow from operating activities was $125,039 for the six month period ended December 31, 2001 compared to a deficit of $39,821 for the 2000 period. For the six months ended December 31, 2001, accounts receivable decreased by $43,032, compared to a decrease of $479,608 for the six months ended December 31, 2000. Inventories decreased by $118,389 during the six-month period in 2001 compared to an increase of $75,731 for the 2000 period. Other current assets were zero for the six-month period ended 2001 versus an increase of $17,449 for the six months ended 2000. Accounts payable decreased $19,308 for the six months ended December 31, 2001 compared to an increase of $346,356 for the 2000 period. Accrued expenses increased $29,892 for the six-month period ended December 31, 2001 versus an decrease of $207,930 for the like period in 2000. Deferred revenue recognized from WebBox sign ups was $63,716 for the 2001 period and none for the 2000 period. The net loss decreased significantly from $1,232,938 in the six-month period ended December 31, 2000 to $93,842 for the six-month period ended December 31, 2001. The 2000 period operating loss was $550,259 and the improvement in 2001 was due to a much lower cost of goods sold as well as reduced expenses.
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Cash flow from Investing Activities - the company's net cash used in investing activities was $52,051 in the six month period ended December 31, 2001 versus $14,878 for the same period in 2000.
Cash flow from Financing Activities - the company's net cash flow from financing activities was a deficit of $97,920 for the six month period ended December 31, 2001 versus a deficit of $26,625 for the same period in 2000. During the 2001 period, there was a reduction of $40,422 on the line of credit with long-term debt and capital leases reduced by $57,498.
RECENT DEVELOPMENTS
The final three-month period for Brandmakers was difficult financially and additional income or savings was derived as follows:
a) Our insurance company reimbursed Brandmakers $24,343 for expenditures regarding the Jtech Lawsuit.
b) The officers and directors did not receive a paycheck on November 15, 2001 with paychecks continuing to be reduced for all personnel.
c) WebBox offered 10,000 subscribers to the service in 2001 to renew at $8 instead of $10 for the year. Over 2000 took advantage of the early renewal, generating in excess of $16,000 in December 2001.
ZOOM communications continues to phase out the competitive wide area paging and concentrate on the more profitable on-site paging systems. Server paging, guest paging, and manager paging products are all manufactured for ZOOM and sold via direct sales as well as through an extensive network of dealers and resellers. The Gift Card and Loyalty programs offer good potential as well.
The Gamosity division produces and manufactures vending machines and computerized games. Cellular phone vending machines allows for dispensing of prepaid cellular phones. Computer disk dispensing machines for floppy disks, zip disks, super disks and compact discs continue to be sold in small quantities for placement in colleges and universities.
The economic climate has been poor for many firms including Brandmakers and sales have not kept pace with expectations.
Part 2: OTHER INFORMATION
Item 1: LEGAL PROCEEDINGS
The lawsuit with K. W. Machines, Ltd. was still pending on December 31, 2001. However, the Judge in the State Court of Gwinnett County, Georgia ruled in favor of K. W. Machines Limited and granted the Motion for Summary Judgment on January 8, 2002. The judgment is for $320,000 and Brandmakers will attempt to reach an agreement with K. W. Machines, Ltd. for a substantially reduced amount on a payment plan.
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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
- 9 -
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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)
February 12, 2002 By: /s/ Geoff Williams
----------------- ------------------
(Date) Geoff Williams,
Director & Chief Executive Officer
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End of Filing
ZOOM is in for a great 2002, lots of new products :
Data Page II for Nursery
Data Page II for Restaurant
Data Page Teleconnect Analog
Data Page Teleconnect DIGITAL
Data Page II Intrigue Pager
Guest Paging Hints and Tips
Help and Service
Manager Call - Slave
NexCall Coaster Features & Benefits
Nexcall Coaster Instructions & Welcome Pack
On Site Paging Any Industry
Pager Options
PC Page Instructions
SurveyCheck Features & Benefits
Waiter Call 12 Master & Cxl Slave
Waiter Call 12
Waiter Call 18 Instructions vibe 2000
Flyers:
Church Nursery Flyer
NexCall Coaster Pager Flyer
E-Gift Flyer
Medical Flyer
PC Page Flyer
Retail Flyer
SurveyCheck Flyer
SurveyStation Flyer
Vibe Pager for Guest Flyer
Data Track 20 Flyer
Waiter Call 12 Flyer
ABOUT ZOOM COMMUNICATIONS
Zoom the communications division of Brandmakers focuses on innovative products for the hospitality industry. For almost 10 years Zoom has sold guest and server paging systems to customers such as Outback Steakhouse, Applebee's, Ruby Tuesday, Pizzeria Uno's, Logans Roadhouse and O'Charley's. As the company has grown we have moved into other markets, today selling communications systems to Hospitals, Churches, Dental Offices, Auto Dealerships and Day Spas.
Zoom manufactures a complete line of onsite paging systems including "NexCall" our new guest paging coaster system. NexCall, which was introduced at the National Restaurant Show in Chicago this past May is the most advanced guest paging system on the market today. Server paging, Guest paging and Manager paging products are all manufactured by Zoom. These products are sold via direct channels, as well as through an extensive network of Dealers and Resellers around the World. Zoom paging systems are used in every state in the US as well as Canada, Mexico and more than 20 other countries around the world, making Zoom a truly global company.
This year the division also introduced Zoom E-Gift. Together with Datamark Technology we brought to market a hospitality specific Gift Card and Loyalty program. This program replaces existing paper gift certificate programs which are hard to manage. Customers like J Crew, Brooks Brothers, Ruths' Chris and Café Enterprises all look to Zoom and Datamark to provide the best Gift Card and Loyalty programs the market has to offer.
Zoom has also moved into the managed data area with the introduction of Zoom E-Comment. Our company is the exclusive markerter of this "Touch-Screen" Electronic Comment Card manufactured by Supberb Serv Technologies. E-Comment takes the place of old paper comment cards and secret shopper services giving restaurants real time data. The program can be set up with Zoom managing the data or restaurants may choose to manager the information at their location.
Visit www.zoomcomm.com
BMKS 10QSB filing 2/15/02, big turn-around on the books.
CHANNEL PARTNERS & OEM CUSTOMERS
Brandmakers Inc.
Brandmakers of Atlanta Georgia, has developed and distributes a public access, multi-services kiosk product based on the ICIT TeleCenter. Brandmakers supplies ICIT America Channel Partners and Hospitality customers with branded MailStart and Web-Box content for InRoom Services.
Brandmakers and ICIT America will jointly operate skill based gaming entertainment with revenue share, to be available to ICIT America Channel Partners and Hospitality customers.
Copia Communications Inc.
Copia Communications is a wireless ISP company that operates in Jamaica and the Caribbean island states. Copia is the marketing and sales agent and licensed business operator for the InRoom TeleCenter licensed business, as a substantive "business overlay" and revenues generator for it’s Internet access "ISP" business.
Datavoice Solutions Inc.
DataVoice adds multiple applications value to the TeleCenter in an ASP model architecture, to distribute multiple telecommunications and ecommerce solutions to DataVoice customers and growing markets in Latin America and the Caribbean.
DataVoice also brings significant portal and content resources, in Spanish, to deliver a broad array of entertainment, information and news for Latin American emerging markets where TeleCenter is an attractive solution for non-PC oriented
HopitalityLinx - TELETECH
HospitalityLinx and iCit America have combined the data and voice solutions of TeleCenter with integrated voice and data telecom solutions from HospitalityLinx and AT&T. The value for the many Hotel customers of HospitalityLinx includes a complete voice and data services solution, including high-speed Internet and TeleCenter appliance installations while actually reducing costs! Additional revenue share opportunity is included!
HospitalityLinx is an AT&T Network solutions provider and will market the TeleCenter as a key component in their total solution product and service offering. ICit America will market the connectivity solutions of HospitalityLinx and contract for the installation and technical support services of Teletech, a HospitalityLinx related company.
IBFnet, Inc
IBFnet is a developer of Internet "e communications" software systems. IBFnet was set up as a Nortel master e-commerce/hosted applications reseller and has Nortel technology licenses to develop and operate B2B and B2C enabling information technologies and business infrastructure. ICIT America will integrate and offer IBFnet information service solutions in TeleCenter integrated applications, where TeleCenters offer dedicated and authenticated access to content and transactions in an easy to use, secure format.
IBFnet will promote and offer the TeleCenter as an industry and application specific system component to multiple industry (construction, hospitality) and multiple application (purchasing, reservation) business infrastructure sectors.
Interactive Network Connections Inc.
inc inc is a Value Added Distributor and Regional Services facility for ICIT America, serving the southwestern USA and area from offices in Las Vegas Nevada.
Inc inc delivers market research, market development and hosted facilities targeted to the Hospitality industry products of ICIT America and specifically, the Casino Resort facility market segment.
Kingsmen Communications
Kingsmen Communications joins iCit America as a VAR with excellent telecom solutions and services that compliment the value of TeleCenter installations in the hospitality sector. Kingsmen will also deploy “SyberCafe” facilities in Hotels throughout the Florida PanHandle based on the TeleCenter product and network platform.
Lasoo Inc.
Lasoo Inc. and iCit America have entered into an agreement to incorporate the GPS encoded data-base and retrieval tools of Lasoo into services available to Hotel guests on the InRoom TeleCenters. An Internet based service, guests will be able to quickly locate, see a map and if they wish call, a wide range of businesses and services, such as specialty restaurants, shopping, health services, etc.
Lasoo technology delivers easy and valuable access to local content, on-demand and for a wide range of categories. Dynamic map displays provide easy access as well as contact information. GPS encoded data for most of North America is available, with dynamic local database generation for fast and inexpensive retrieval.
N-Able Technologies
N-able Technologies™ is a leading software vendor providing Central Point of Management solutions for Pervasive technologies. N-able Technologies™ designs, develops and delivers scalable, reliable and cost effective Central Point of IT Management solutions to the business market. Through direct sales, as well as an indirect Web-based distribution model, N-able Technologies provides a single Web-based interface for clients to monitor and administer their key network elements across multiple platforms.
PantherNet Communications Inc.
PantherNet is an install, own and operate business which implements the ICIT America InRoom TeleCenter Hospitality system in Hotels.
PantherNet offers iClass TeleCenter solutions for Internet access and telecommunications services in airports and airline lounges.
SMS Technologies, Inc.
ICIT America has been contracted to create an OEM TeleCenter product and branding solution for services delivery by SMS Technologies and its affiliate companies—SMS Management Services and SMS Tax Incentives Group—to its hundreds of corporate clients operating from more than 90,000 locations.
SMS screens and assesses more than four million employment candidates each year and will offer SMS branded TeleCenter-based automated service access to its customers from tens of thousands of locations throughout North America.
Summit Communications Inc.
Operating in the greater St. Louis area, Summit Communications markets the Brandmakers Business Center Kiosk based on the iCit America TeleCenter. Summit is also the authorized InRoom TeleCenter marketing and sales agent for iCit America in the greater St. Louis area.
Travelinx
iCit America and Travelinx have entered into a cross marketing and supplier agreement, to deploy Travelinx premier travel and tourism local events, reservations and ticketing engine designed to deliver content and transactions to TeleCenter installations in hospitality and retail locations. In addition, Travelinx will deploy white label TeleCenter solutions in retail locations where destinations marketing and transactions are complimentary to the retailers products and customers.
Travelinx brings compelling ecommerce, call center, ticketing and reservation solutions to the hospitality markets served by iCit America. The Travelinx platform is an Oracle web-based industrial commercial grade system with more than 70 man years of development and proven performance through operation in systems such as Tourism Ontario.
Venbridge
Venbridge's team has a vast range of experience gained in the technology industry, as well as a deep knowledge of strategy and new business models. Members of Venbridge have been responsible for the management of multi-million dollar businesses as well as pioneering the start of new enterprises.
Venbridge's mission is to help talented entrepreneurs and company leaders build great companies that can transform entire industries and create new markets. Venbridge has assisted start-up companies in finding capital and has helped established entities transform themselves for renewed growth, Venbridge is a true business partner to its clients. Venbridge takes time to listen to clients, understand their business and create innovative solutions to achieve their objectives.
.02 is not bad if it's the bottom.
We should open up tomorrow and may even gap up. Several people I know are buying as well as me.
Income Statement Balance Sheet Cash Flow Statement
Period Ending: Sep 30, 2001 Jun 30, 2001 Mar 31, 2001 Dec 31, 2000
Total Revenue $824,983 $1,004,909 $942,057 $914,506
Cost Of Revenue $434,403 $607,137 $429,705 $662,288
Gross Profit $390,580 $397,772 $512,352 $252,218
Operating Expenses
Research And Development N/A N/A ($68,831) $6,794
Selling General And Administrative Expenses $404,112 $354,132 $781,759 $116,473
Non Recurring N/A N/A N/A N/A
Other Operating Expenses $55,296 $220,567 ($110,478) $45,784
Operating Income ($68,828) ($176,927) ($90,098) $83,167
Total Other Income And Expenses Net N/A $14,784 N/A N/A
Earnings Before Interest And Taxes ($68,828) ($162,143) ($90,098) $83,167
Interest Expense $30,734 $61,014 $27,922 $35,994
Income Before Tax ($99,562) ($223,157) ($118,020) $47,173
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 ($99,562) ($223,157) ($118,020) $47,173
Nonrecurring Events
Discontinued Operations N/A ($27,796) N/A ($682,679)
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 ($99,562) ($250,953) ($118,020) ($635,506)
Preferred Stock And Other Adjustments N/A N/A N/A N/A
Net Income Applicable To Common Shares ($99,562) ($250,953) ($118,020) ($635,506)
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I'll kick in $500 for the present
Hope you can arrange the marriage
Working the other end right now..........
John
"..Have you hugged your Grandkiddies today.."??
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