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BNNX, Banks.com, Inc Common Stock 7/6/2012. Merged with Remark Media, Inc. (MARK). Shareholders will receive 0.0258 shares of MARK for each share of BNNX.
http://www.otcbb.com/asp/dailylist_detail.asp?d=07/06/2012&mkt_ctg=NON-OTCBB
When a big bad Nasdaq company buys a little OTC company...that's good for the small company from what I've heard...that true?
tomorrow becomes MARK
June 28, 2012, 3:45 p.m. EDT
Remark Media Completes Acquisition of Banks.com, Inc.
Deal Marks Significant Step in Remark Media's Strategy to Build a Comprehensive Personal Finance Online Portfolio and User Community
NEW YORK, NY and ATLANTA, GA, Jun 28, 2012 (GlobeNewswire via COMTEX) -- Remark Media, Inc. /quotes/zigman/7971518/quotes/nls/mark MARK +9.68% , a global digital media company, today announced that it has completed its acquisition of Banks.com, Inc. (otcqb:BNNX), a financial media company that owns and operates Banks.com, IRS.com, FileLater.com and MyStockFund.com.
With this acquisition, Remark Media will expand its online personal finance ecosystem that will serve as the go-to destination for users seeking actionable financial advice. The hub of this ecosystem is DimeSpring.com--currently in beta--which offers original content and an interactive platform for consumers to share experiences and interact with the world's leading financial experts.
"Currently there are no dynamic online personal finance communities that offer easy access to expert advice, actionable content and shared user experiences," said Carrie Ferman, CEO of Remark Media. "We plan to provide an entertaining and engaging one-stop-shop for extensive personal financial information. With the acquisition of Banks.com, we gain established brands from which to create a rich portfolio of sites that aim to simplify financial matters and help people make better informed decisions."
Currently, Banks.com, Inc.'s web properties provide users with finance-related content and services. The advertising-supported website, Banks.com offers access to financial news, interest-rate tables and financial calculators. Banks.com, Inc.'s other properties offer access to related financial services, including: online tax information and preparation assistance through IRS.com; online tax extensions through FileLater.com; and online brokerage services through MyStockFund.com.
Remark Media will redesign and integrate Banks.com, IRS.com and the other newly acquired sites with DimeSpring.com, providing a comprehensive suite of financial content, conversation and services for users. Plans include: shifting the Banks.com websites onto Remark Media's digital media platform; dramatically enhancing the content offerings and user experience; and adding new social features and interactive elements. The redesigned Banks.com sites, scheduled to launch in the fall, will offer new features including content recommendations and social tools, and newsletters that are personalized to individuals' particular needs. Additionally, they will incorporate responsive design that allows content to be optimized on all devices.
"We see tremendous opportunity in combining forces with Remark Media," said Dan O'Donnell, President and CEO of Banks.com. "It has a proven track record of taking great brands and applying top-notch technologies and know-how to create a more positive user experience and increased engagement."
O'Donnell and other members of Banks.com's leadership team will join Remark Media, bringing their years of experience in personal finance to help cultivate relationships and lend industry knowledge.
Shareholders of Banks.com will become shareholders of Remark Media, and Banks.com stock will cease to trade prior to the opening of trading on June 29, 2012.
About Remark Media
Remark Media, Inc. /quotes/zigman/7971518/quotes/nls/mark MARK +9.68% is a global digital media company focused on creating destinations that merge engaging content with rich social interaction. Remark Media is the exclusive digital publisher in China and Brazil for translated content from HowStuffWorks.com, a subsidiary of Discovery Communications, and in China for certain content from World Book. The Company's leading brands, BoWenWang (bowenwang.com.cn) and ComoTudoFunciona (hsw.com.br), provide readers in China and Brazil with thousands of articles about how the world around them works, serving as destinations for credible, easy-to-understand reference information. Remark Media is also a founding partner and developer of the U.S.-based product Sharecare, a highly searchable social Q&A healthcare platform organizing and answering the questions of health. The Company is headquartered in Atlanta with additional operations in New York, Beijing and Sao Paulo. Additional information is available on its corporate website at remarkmedia.com.
News just dropped. This one might be interesting tomorrow...
Click here for $BNNX DD extras..
<<< $BNNX Links! >>> ~ MAC's Quick DD Links without the charts.
Open these links (or the ones you desire) in background tabs
http://help.opera.com/Linux/9.52/en/keyboard.html
http://lifehacker.com/263940/force-links-to-open-in-the-background
PennyStockTweets ~ http://www.pennystocktweets.com/stocks/profile/BNNX
OTC Markets Company Info ~ http://www.otcmarkets.com/stock/BNNX/company-info
OTC Markets Charts ~ http://www.otcmarkets.com/stock/BNNX/chart
OTC Markets Quote ~ http://www.otcmarkets.com/stock/BNNX/quote
OTC Markets News ~ http://www.otcmarkets.com/stock/BNNX/news
OTC Markets Financials ~ http://www.otcmarkets.com/stock/BNNX/financials
OTC Markets Short Sales ~ http://www.otcmarkets.com/stock/BNNX/short-sales
OTC Markets Insider Disclosure ~ http://www.otcmarkets.com/stock/BNNX/insider-transactions
OTC Markets Research Reports ~ http://www.otcmarkets.com/stock/BNNX/research
Google Finance Summary ~ http://www.google.com/finance?q=BNNX
Google Finance News ~ http://www.google.com/finance/company_news?q=BNNX
Google Finance Option chain ~ http://www.google.com/finance/option_chain?q=BNNX
Google Finance Financials ~ http://www.google.com/finance?q=BNNX&fstype=ii#
Google Finance Historical prices Daily ~ http://www.google.com/finance/historical?q=BNNX
Google Finance Historical prices Weekly ~ http://www.google.com/finance/historical?q=BNNX&histperiod=weekly#
Y! < Company >
Y! Profile ~ http://finance.yahoo.com/q/pr?s=BNNX+Profile
Y! Key Stat's ~ http://finance.yahoo.com/q/ks?s=BNNX+Key+Statistics
Y! Headlines ~ http://finance.yahoo.com/q/h?s=BNNX+Headlines
Y! Summary ~ http://finance.yahoo.com/q?s=BNNX
Y! Historical Prices ~ http://finance.yahoo.com/q/hp?s=BNNX+Historical+Prices
Y! Order Book ~ http://finance.yahoo.com/q/ecn?s=BNNX+Order+Book
Y! Message Boards ~ http://messages.finance.yahoo.com/mb/BNNX
Y! Market Pulse ~ http://finance.yahoo.com/marketpulse/BNNX
Y! Technical Analysis ~ http://finance.yahoo.com/q/ta?s=BNNX+Basic+Tech.+Analysis
Y! < Analyst Coverage >
Y! Analyst Opinion ~ http://finance.yahoo.com/q/ao?s=BNNX+Analyst+Opinion
Y! Analyst Estimates ~ http://finance.yahoo.com/q/ae?s=BNNX+Analyst+Estimates
Y! Research Reports ~ http://finance.yahoo.com/q/rr?s=BNNX+Research+Reports
Y! Star Analysts ~ http://finance.yahoo.com/q/sa?s=BNNX+Star+Analysts
Y! < Ownership >
Y! Major Holders ~ http://finance.yahoo.com/q/mh?s=BNNX+Major+Holders
Y! Insider Transactions ~ http://finance.yahoo.com/q/it?s=BNNX+Insider+Transactions
Y! Insider Roster ~ http://finance.yahoo.com/q/ir?s=BNNX+Insider+Roster
Y! < Financials >
Y! Income Statement ~ http://finance.yahoo.com/q/is?s=BNNX+Income+Statement&annual
Y! Balance Sheet ~ http://finance.yahoo.com/q/bs?s=BNNX+Balance+Sheet&annual
Y! Cash Flow ~ http://finance.yahoo.com/q/cf?s=BNNX+Cash+Flow&annual
FINVIZ ~ http://finviz.com/quote.ashx?t=BNNX&ty=c&ta=0&p=d
Investorshub Trades ~ http://ih.advfn.com/p.php?pid=trades&symbol=BNNX
Investorshub Board Search ~ http://investorshub.advfn.com/boards/getboards.aspx?searchstr=BNNX
Investorshub PostStream ~ http://investorshub.advfn.com/boards/poststream.aspx?ticker=BNNX
Investorshub Messages ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=BNNX
Investorshub Videos ~ http://ih.advfn.com/p.php?pid=ihvse&ihvqu=BNNX
Investorshub News ~ http://ih.advfn.com/p.php?pid=news&btn=s_ok&ctl00%24sb3%24tbq1=Get+Quote&as_values_IH=&ctl00%24sb3%24stb1=Search+iHub&symbol=BNNX&s_ok=OK&from_month=3&from_day=15&from_year=2012&order=desc&selsrc%5B%5D=prnca&selsrc%5B%5D=prnus&selsrc%5B%5D=zacks&selsrc%5B%5D=money2&selsrc%5B%5D=djn&selsrc%5B%5D=bw&selsrc%5B%5D=globe&selsrc%5B%5D=edgar&selsrc%5B%5D=mwus&force=1&last_ts=1331855999&p_n=1&p_count=&p_ts=1331794260
CandlestickChart ~ http://www.candlestickchart.com/cgi/chart.cgi?symbol=BNNX&exchange=US
Barchart Quote ~ http://barchart.com/quotes/stocks/BNNX?
Barchart Detailed Quote ~ http://barchart.com/detailedquote/stocks/BNNX
Barchart Options Quotes ~ http://barchart.com/options/stocks/BNNX
Barchart Technical Chart ~ http://barchart.com/charts/stocks/BNNX&style=technical
Barchart Interactive Chart ~ http://barchart.com/charts/stocks/BNNX&style=interactive
Barchart Technical Analysis ~ http://barchart.com/technicals/stocks/BNNX
Barchart Trader's Cheat Sheet ~ http://barchart.com/cheatsheet.php?sym=BNNX
Barchart Barchart Opinion ~ http://barchart.com/opinions/stocks/BNNX
Barchart Snapshot Opinion ~ http://barchart.com/snapopinion/stocks/BNNX
Barchart News Headlines ~ http://barchart.com/news/stocks/BNNX
Barchart Profile ~ http://barchart.com/profile//BNNX
Barchart Key Statistics ~ http://barchart.com/profile.php?sym=BNNX&view=key_statistics
OTC: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=BNNX&MarketTicker=OTC&TYP=S
NASDAQ: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=BNNX&MarketTicker=NASD&TYP=S
NYSE: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=BNNX&MarketTicker=NYSE&Typ=S
Marketwatch Profile ~ http://www.marketwatch.com/investing/stock/BNNX/profile
Marketwatch Analyst Estimates ~ http://www.marketwatch.com/investing/stock/BNNX/analystestimates
Marketwatch Historical Quotes ~ http://www.marketwatch.com/investing/stock/BNNX/historical
Marketwatch Financials ~ http://www.marketwatch.com/investing/stock/BNNX/financials
Marketwatch Overview ~ http://www.marketwatch.com/investing/stock/BNNX
Marketwatch SEC Filings ~ http://www.marketwatch.com/investing/stock/BNNX/secfilings
Marketwatch Picks ~ http://www.marketwatch.com/investing/stock/BNNX/picks
Marketwatch Hulbert ~ http://www.marketwatch.com/investing/stock/BNNX/hulbert
Marketwatch Insider Actions ~ http://www.marketwatch.com/investing/stock/BNNX/insideractions
Marketwatch Options ~ http://www.marketwatch.com/investing/stock/BNNX/options
Marketwatch Charts ~ http://www.marketwatch.com/investing/stock/BNNX/charts
Marketwatch News ~ http://bigcharts.marketwatch.com/news/symbolsearch/symbolnews.asp?news=markadv&symb=BNNX&sid=1795093&framed=False
The Lion ~ http://thelion.com/bin/aio_msg.cgi?cmd=search&msg=&si=1&tw=1&tt=1&rb=1&ih=1&fo=1&iv=1&yf=1&sa=1&fb=1&gg=1&symbol=BNNX
Search NYSE ~ http://www.nyse.com/about/listed/lcddata.html?ticker=BNNX
StockTA ~ http://www.stockta.com/cgi-bin/analysis.pl?symb=BNNX&num1=567&cobrand=&mode=stock
StockHouse ~ http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=BNNX
StockHouse Delayed LII ~ http://www.stockhouse.com/financialtools/sn_level2.aspx?qm_page=46140&qm_symbol=BNNX
AlphaTrade ~ http://tools.alphatrade.com/index.php?t1=mc_quote_module&t2=mc_quote_module2&t3=historical&template=historical2html&sym=BNNX&client_id=2740&a_width=680&a_height=1000&language=english&showVol=1&chtype=8
Reuters ~ http://www.reuters.com/finance/stocks/companyOfficers?symbol=BNNX.PK&WTmodLOC=C4-Officers-5
StockWatch ~ http://www.stockwatch.com/Quote/Detail.aspx?symbol=BNNX®ion=U
Search NASDAQ ~ http://www.nasdaq.com/symbol/BNNX
NASDAQ Divy History ~ http://www.nasdaq.com/symbol/BNNX/dividend-history
NASDAQ Short Interest ~ http://www.nasdaq.com/symbol/BNNX/short-interest
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/BNNX/institutional-holdings
NASDAQ FlashQuotes ~ http://www.nasdaq.com/aspx/flashquotes.aspx?symbol=BNNX&selected=BNNX
NASDAQ InfoQuotes ~ http://www.nasdaq.com/aspx/infoquotes.aspx?symbol=BNNX&selected=BNNX
NASDAQ After Hours Quote ~ http://www.nasdaq.com/symbol/BNNX/after-hours
NASDAQ Pre-Market Quote ~ http://www.nasdaq.com/symbol/BNNX/premarket
NASDAQ Historical Quote ~ http://www.nasdaq.com/symbol/BNNX/historical
NASDAQ Option Chain ~ http://www.nasdaq.com/symbol/BNNX/option-chain
NASDAQ Company Headlines ~ http://www.nasdaq.com/symbol/BNNX/news-headlines
NASDAQ Press Releases ~ http://www.nasdaq.com/symbol/BNNX/news-headlines
NASDAQ Sentiment ~ http://www.nasdaq.com/symbol/BNNX/sentiment
NASDAQ Analyst Summary ~ http://www.nasdaq.com/symbol/BNNX/analyst-research
NASDAQ Guru Analysis~ http://www.nasdaq.com/symbol/BNNX/guru-analysis
NASDAQ Stock Report ~ http://www.nasdaq.com/symbol/BNNX/stock-report
NASDAQ Competitors ~ http://www.nasdaq.com/symbol/BNNX/competitors
NASDAQ Stock Consultant ~ http://www.nasdaq.com/symbol/BNNX/stock-consultant
NASDAQ Stock Comparison ~ http://www.nasdaq.com/symbol/BNNX/stock-comparison
NASDAQ Call Transcripts ~ http://www.nasdaq.com/symbol/BNNX/call-transcripts
NASDAQ Annual Reports ~ http://www.nasdaq.com/aspx/annualreport.aspx?symbol=BNNX&selected=BNNX
NASDAQ Financials ~ http://www.nasdaq.com/symbol/BNNX/financials
NASDAQ Revenue & Earnings Per Share (EPS) ~ http://www.nasdaq.com/symbol/BNNX/revenue-eps
NASDAQ SEC Filings ~ http://www.nasdaq.com/symbol/BNNX/sec-filings
NASDAQ Ownership Summary ~ http://www.nasdaq.com/symbol/BNNX/ownership-summary
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/BNNX/institutional-holdings
NASDAQ (SEC Form 4) ~
--------- All Trades ~ http://www.nasdaq.com/symbol/BNNX/insider-trades
--------- Buys ~ http://www.nasdaq.com/symbol/BNNX/insider-trades/buys
--------- Sells ~ http://www.nasdaq.com/symbol/BNNX/insider-trades/sells
The Motley Fool ~ http://caps.fool.com/Ticker/BNNX.aspx
The Motley Fool Earnings/Growth ~ http://caps.fool.com/Ticker/BNNX/EarningsGrowthRates.aspx?source=itxsittst0000001
The Motley Fool Ratios ~ http://caps.fool.com/Ticker/BNNX/Ratios.aspx?source=itxsittst0000001
The Motley Fool Stats ~ http://caps.fool.com/Ticker/BNNX/Stats.aspx?source=icasittab0000006
The Motley Fool Historical ~ http://caps.fool.com/Ticker/BNNX/Historical.aspx?source=icasittab0000004
The Motley Fool Scorecard ~ http://caps.fool.com/Ticker/BNNX/Scorecard.aspx?source=icasittab0000003
The Motley Fool Statements ~ http://caps.fool.com/Ticker/BNNX/Statements.aspx?source=icasittab0000009
MSN Money ~ http://investing.money.msn.com/investments/stock-ratings?symbol=BNNX
YCharts ~ http://ycharts.com/companies/BNNX
YCharts Performance ~ http://ycharts.com/companies/BNNX/performance
YCharts Dashboard ~ http://ycharts.com/companies/BNNX/dashboard
InsideStocks Opinion ~ http://www.insidestocks.com/texpert.asp?sym=BNNX&code=XDAILY
InsideStocks Profile ~ http://www.insidestocks.com/profile.asp?sym=BNNX&code=XDAILY
InsideStocks Quote ~ http://www.insidestocks.com/quote.asp?sym=BNNX&code=XDAILY
InsideStocks Projection ~ http://charts3.barchart.com/procal.asp?sym=BNNX
Zacks Quote ~ http://www.zacks.com/stock/quote/BNNX
Zacks Estimates ~ http://www.zacks.com/research/report.php?type=estimates&t=BNNX
Zacks Company Reports ~ http://www.zacks.com/research/report.php?type=report&t=BNNX
Knobias ~ http://knobias.10kwizard.com/files.php?sym=BNNX
StockScores ~ http://www.stockscores.com/quickreport.asp?ticker=BNNX
Trade-Ideas ~ http://www.trade-ideas.com/StockInfo/BNNX/HOT_TOPIC.html
Morningstar ~ http://performance.morningstar.com/stock/performance-return.action?region=USA&t=BNNX&culture=en-US
Morningstar Shareholders ~ http://investors.morningstar.com/ownership/shareholders-overview.html?t=BNNX®ion=USA&culture=en-us
Morningstar Transcripts~ http://www.morningstar.com/earnings/NoTranscript.aspx?t=BNNX®ion=USA
Morningstar Key Ratios ~ http://financials.morningstar.com/ratios/r.html?t=BNNX®ion=USA&culture=en-US
Morningstar Executive Compensation ~ http://insiders.morningstar.com/trading/executive-compensation.action?t=BNNX®ion=USA&culture=en-us
Morningstar Valuation ~ http://financials.morningstar.com/valuation/price-ratio.html?t=BNNX®ion=USA&culture=en-us
CCBN (Thompson Reuters) ~ http://ccbn.aol.com/company.asp?client=aol&ticker=BNNX
TradingMarkets ~ http://pr.tradingmarkets.com/?lid=leftPRbox&sym=BNNX
OTCBB ~ http://www.otcbb.com/asp/SiteSearch.asp?Criteria=BNNX&searcharea=e&image1.x=0&image1.y=0
Insidercow ~ http://www.insidercow.com/history/company.jsp?company=BNNX&B1=Search%21
Forbes News ~ http://search.forbes.com/search/find?tab=searchtabgeneraldark&MT=BNNX
Forbes Press Releases ~ http://search.forbes.com/search/find?&start=1&tab=searchtabgeneraldark&MT=BNNX&pub=businesswire,prnewswire&searchResults=pressRelease&tag=pr&premium=on
Forbes Web ~ http://search.forbes.com/search/web?MT=UNGS&start=1&max=10&searchResults=web&tag=web&sort=null
YouTube Symbol Search ~ http://www.youtube.com/results?search_query=BNNX
Buy-Ins ~ http://www.buyins.net/tools/symbol_stats.php?sym=BNNX
Quotemedia ~ http://www.quotemedia.com/results.php?qm_page=47556&qm_symbol=BNNX
Earnings Whispers ~ http://www.earningswhispers.com/stocks.asp?symbol=BNNX
Bloomberg Snapshot ~ http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=BNNX
Bloomberg People ~ http://investing.businessweek.com/research/stocks/people/people.asp?ticker=BNNX
Financial Times ~ http://markets.ft.com/Research/Markets/Tearsheets/Summary?s=BNNX
Investorpoint ~ http://www.investorpoint.com/ enter "BNNX" and click search.
Hotstocked ~ http://www.hotstocked.com/ enter "BNNX" and click search.
Raging Bull ~ http://ragingbull.quote.com/mboard/boards.cgi?board=BNNX
Hoovers ~ http://www.hoovers.com/search/company-search-results/100003765-1.html?type=company&term=BNNX
DD Machine ~ http://www.ddmachine.com/default.asp?m=stocktool_frame.asp?symbol=BNNX
SEC Form 4 ~ http://www.secform4.com/insider/showhistory.php?cik=BNNX
OTCBB Pulse ~ http://www.otcbbpulse.com/cgi-bin/pulsequote.cgi?symbol=BNNX
Failures To Deliver ~ http://failurestodeliver.com/default2.aspx enter "BNNX" and click search.
http://www.coordinatedlegal.com/SecretaryOfState.html
http://regsho.finra.org/regsho-Index.html
http://www.shortsqueeze.com/?symbol=BNNX&submit=Short+Quote%99
DTCC (PENSON/TDA) Check - (otc and pinks) - Note ~ I did not check for this chart blast. However, I try and help you to do so with the following links.
IHUB DTCC BOARD SEARCH #1 http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=BNNX
IHUB DTCC BOARD SEARCH #2: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=14482&srchyr=2011&SearchStr=BNNX
Check those searches for recent BNNX mentions. If BNNX is showing up on older posts and not on new posts found in link below, The DTCC issues may have been addressed and fixed. Always call the broker if your security turns up on any DTCC/PENSON list.
http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=Complete+list
For a complete list see the pinned threads at the top here ---> http://tinyurl.com/TWO-OLD-FARTS
MACDlinks
Banks.com should change little bit in internet because I look at Banks.com so bored. It is not speed up for an information!
BNNX Buyout-merger w/ Remark for shares & cash
Feb. 28, 2012, 8:29 a.m. EST
Remark Media Announces $4.25 Million Equity Financing & Merger Agreement
Atlanta, GA, Feb 28, 2012 (GlobeNewswire via COMTEX) -- Remark Media, Inc. /quotes/zigman/7971518/quotes/nls/mark MARK -6.47% , a global digital media company, announced today it has received definitive agreements in connection with a private placement of equity for gross proceeds of $4.25 million. The financing was led by A.W.M. Special Situations Funds, and also includes a number of other accredited institutional investors.
"The completion of this financing allows Remark Media to continue scaling the Company's innovative social media-focused web publishing platform into additional verticals," said Carrie Ferman, Chief Executive Officer of Remark Media. "We are pleased to see this incremental vote of confidence from the investment community in Remark Media's growth strategy and new management team, and look forward to continuing to execute on this strategy."
The Company issued to investors common stock priced at $4.50 per share. Investors also received warrants to acquire shares of common stock at an exercise price of $7.19 per share, in the amount of 25% of the number of shares of common stock that the investors purchased. The Company issued a total of 944,777 shares of common stock and warrants to acquire an additional 236,194 shares.
Janney Montgomery Scott LLC acted as placement agent to Remark Media in connection with this transaction. The Company was represented by Stephen H. Lang of Berman Fink Van Horn P.C., with securities counsel Gerald L. Baxter of Greenberg Traurig, LLP.
The securities were offered and issued only to accredited investors in a private placement transaction under Section 4(2) under the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder. Accordingly, the securities offered in this placement have not been registered under the Securities Act of 1933, as amended or state securities laws, and cannot be offered or sold in the United States absent registration with the Securities and Exchange Commission or an applicable exemption from the registration requirements. Remark Media has entered into a registration rights agreement with the investors pursuant to which the Company shall file a registration statement with the Securities & Exchange Commission registering all of the common stock sold in the offering. This press release does not constitute an offer or sale of the Company's securities.
Concurrent with the financing, Remark Media announced today the signing of a merger agreement with Banks.com, Inc. /quotes/zigman/8553954 BNNX +138.10% , pursuant to which Banks.com will become a wholly-owned subsidiary of Remark Media . Banks.com is a leading financial services portal containing a unique breadth and depth of financial products and services.
"I am extremely excited about the future opportunities that come from combining our two companies," said Dan O'Donnell, Chief Executive Officer of Banks.com. "By marrying our portfolio of assets with Remark Media's technology and product know-how, we will significantly improve the user experience as well as the quality of our products and services."
Upon close, Remark Media will issue up to 702,784 shares of Common Stock to the shareholders of Banks.com, plus $300,000 in cash, as consideration for the merger.
These announcements follow last month's news that the Company has completed its name change from HSW International, Inc. and appointed a new executive management team. The name change to Remark Media signals a strategic shift in the Company's direction that includes the development of new proprietary owned websites and the expansion of its services business. The new executive management team will support this strategy and drive the Company towards the future.
About Remark Media
Remark Media, Inc. /quotes/zigman/7971518/quotes/nls/mark MARK -6.47% is a global digital media company focused on developing social media businesses that incorporate relevant, high quality content. Remark Media's services business offers a suite of web services and proprietary platforms that provide brands opportunities to build consumer awareness, promote content engagement and foster brand-customer interactions. The Company's leading brands, BoWenWang (bowenwang.com.cn) and ComoTudoFunciona (hsw.com.br), provide readers in China and Brazil with thousands of articles about how the world around them works, serving as destinations for credible, easy-to-understand reference information. Remark Media is the exclusive digital publisher in China and Brazil for translated content from HowStuffWorks.com, a subsidiary of Discovery Communications, and in China for certain content from World Book. Remark Media is also a founding partner and developer of the U.S.-based product Sharecare, a highly searchable social Q&A healthcare platform organizing and answering the questions of health. The Company is headquartered in Atlanta with additional operations in New York, Beijing and Sao Paulo. For more information, visit www.remarkmedia.com .
BNX going to 10 cents!
Bounce play target possible 200%, could be something else but I'm not sure!
why is this running?
BNX could do 200% today, just like TNCC
BNX~~Outstanding at October 31, 2011 26,003,009 shares
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8244185
m1999
BNX~~~~http://www.otcmarkets.com/stock/BNX/company-info
m1999
Just saw this on a scanner figured I'd check it out and Bam!!! who do I find,
Seems to be moving a bit today. currently up 25% bnx
BNX - Just an opinion, I think it would be better to do the R/S closer to the cut off date when more investors would come in for the tax season giving the pps a better chance of staying above $1.00 -
...the Company's continued listing is predicated on it effecting a reverse stock split of its common stock within a reasonable period of time, which the Exchange has determined to be no later than November 18, 2011
They halted trading today for a bit. I might add some more.
Probably rs in the next couple weeks
Glta bnx
BNX~~going more down,on WATCH for me,soon I'll buy a stake here~~http://stockcharts.com/freecharts/gallery.html?s=bnx
http://stockcharts.com/h-sc/ui?s=bnx&p=D&yr=0&mn=6&dy=0&id=p46634481126
http://stockcharts.com/h-sc/ui?s=bnx&p=D&yr=0&mn=6&dy=0&id=p91663972541
http://stockcharts.com/h-sc/ui?s=bnx&p=d&yr=0&mn=4&dy=0&id=p86612016107&a=222567227&listNum=1
m1999
BNX~~~NEWS~~Banks.com, Inc. Reports Second Quarter 2011 Financial Results
SAN FRANCISCO, Aug. 15, 2011 /PRNewswire/ -- Banks.com, Inc. (NYSE Amex: BNX), operator of leading financial services focused online media properties, today announced results for the three and six months ended June 30, 2011.
Financial Highlights
For the second quarter of 2011, Banks.com, Inc. ("Banks.com") reported revenue of $1.4 million compared to revenue of $2.9 million reported for second quarter 2010. GAAP(i) net loss was $284 thousand or $0.01 per diluted share versus GAAP net loss of $231 thousand or $0.01 per diluted share reported for the second quarter of 2010. Adjusted EBITDA(ii) was $175 thousand for the second quarter of 2011 compared to Adjusted EBITDA of $159 thousand for the second quarter of 2010.
For the six months ended June 30, 2011, Banks.com reported revenue of $3.4 million compared to revenue of $7.1 million reported for the six months ended June 30, 2010. GAAP net loss was $223 thousand or $0.01 per diluted share versus GAAP net income of $66 thousand or break even per diluted share reported for the six months ended June 30, 2010. Adjusted EBITDA was $737 thousand for the six months ended June 30, 2011 compared to Adjusted EBITDA of $1.5 million for the six months ended June 30, 2010.
"Our acquisition of FileLater.com helped fuel a 37% year over year increase in tax related revenue in the second quarter. Revenue from our finance related business accounted for 49% of our top line last quarter versus just 28% in the second quarter of 2010 as we continued our evolution away from our legacy search business," said Dan O'Donnell, Chief Executive Officer of Banks.com. "Year over year Adjusted EBITDA for the second quarter was up 10%, in spite of a 52% reduction in revenue." O'Donnell continued, "Transitions are not always as seamless as we'd like, but we've made substantial progress in that regard and have now set our sights on exiting or outsourcing the search business by year end so we can be singly focused on the finance vertical as we enter 2012."
Select Business Highlights
Increased year over year tax related revenue for the second quarter by 37%
Increased second quarter Adjusted EBITDA by 10%
Increased pro forma, year over year, tax extension related revenue by 73%
Announced plans to exit or outsource the search business by year end
Conference Call
Banks.com will host a conference call today at 2:00 PM PT / 5:00 PM ET to discuss its second quarter 2011 results. To listen to the call, dial 866-713-8566 (domestic) or 617-597-5325 (international), passcode 34968417. Questions may be asked during the call, or submitted via email at: stockwatch@banks.com any time prior to the conference call's starting time. For a replay of the call, dial 888-286-8010 (domestic) or 617-801-6888 (international), passcode 29126824. Investors may also listen to the conference call and the replay on the Investor Relations section of the Banks.com website at: http://www.banks.com/corp/investor/webcasts/.
http://finance.yahoo.com/news/Bankscom-Inc-Reports-Second-prnews-2901683465.html?x=0&.v=1
m1999
Better than I expected Q-10 - Future looks good
http://ih.advfn.com/p.php?pid=nmona&article=48839780
Banks.com, Inc. To Announce Second Quarter 2011 Financial Results
http://ih.advfn.com/p.php?pid=nmona&article=48784587
Volume today was over 500k with a few huge share buys over 100k and 200k - looked like insiders, then Announcement after hrs. regarding financial results.
BNX~~Common stock, $.001 par value, 125,000,000 shares authorized, 25,814,103 and 25,814,103 shares issued and outstanding
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7938816
m1999
BNX~~~Outstanding at April 30, 2011
Common Stock, $.001 par value per share 25,853,009 shares
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7938816
m1999
BNX~~~http://www.otcmarkets.com/stock/BNX/company-info
m1999
This stock is way oversold and should make a good comeback in my opinion.
I agree with everything you said.
Definitely a cyclical play here. The key going forward is the file later dot come activity and the mortgage rates just started dropping again so the banks dot com activity should increase. Those are the 2 things that will drive the companies bottom line. Imo
26% inst owned
Very close to 52 week low
Also could be a legitmate buyout play from one of the big tax preparing companies.
Looking for a big move up from here on some good news when it becomes available.
Glta go $BNX
appears they've dumped themselves right out of future investors. Sure looked like they had last years potential this year but I think they seen the 'seasonal investor' coming this year and "got theirs" first - JTX did the same thing. HRB was just a so so play this year. Just my opinion though. -Good luck To All-
price is pretty low. added some more today and hope for a nice bounce. 8)
deadline to file or apply for an extension.
if that was intended for me.
GLTA Go $BNX
Deadline is still Monday Apr. 18th no matter what the clowns in Washington do.
With a potential government shutdown many US ctizens may be pushed to extentions on their returns. It could be a huge benefit to banks.com who just recently purchased just such a business.
GLTA $BNX
Is Banks.com Inc (AMEX:BNX) going to grow into profitability, or not? Some suggest the current growth trend could trsnalte into as much as $2.5 million to $3 million in earnings this year. With more than 25 million shares outstanding, that translates into per-share profits of $0.08 to $0.12. Assuming normal valuations, such earnings could mean BNX would be worth $0.60 and $1.00 by the end of the year. The problem is, the 'could' is a hypothetical, and doesn't quite jive with actual trailing results.
Yes, revenue was up in the fourth quarter, but Q1's (2011's) suggested revenue forecast is only about half of Q1's from 2010 (from $4 million to $2.3 million). Comparable earnings are falling too, suggesting that the high-growth phase is already over, and everything from here will be a struggle. [Editorial note: The Banks.com market cap is still only $5.7 million, which when divided by Q1's annualized earnings of around $750K still translates into a P/E of less than 2.0.]
http://www.smallcapnetwork.com/Trader-Talk-What-Real-Traders-Are-Saying-About-BNX-OPTR-and-NVDL/s/article/view/p/mid/3/id/889/
I really don't have a feel for how BNX is going to play after the call. Would like to see it jump N from here. I'm sure they'll stick to the format as PR'd and also talk about the acquisition and then hit on some submitted questions. I do believe the 1st Q of 2011 was good for BNX. It would appear the partners are consolidating this year way more than last year on the backs of investors but, ich weiß nicht. I would like to see them let it run again to bring back more investor confidence. I've been holding for the long run and picked up some more @ .24 - I still think we'll see $1 +
How's to-day, will BNX stay Green or after the conference a big move North !time for a explosion to at least € 1,00 a share
Good info there - Thanks.
I do still believe this is a $1 stock and undervalued currently.
After listening to the podcast from December to discuss earnings they kept hinting on making themselves more attractive in whole or parts to getting offers from other companies.
They have really fought through some adversity, reducing their staff, reducing their debt and getting themselves back to good standing with the exchange.
Looking for a triple bagger here. imo
GLTA! Go! $BNX
I think conference call will come first tomorrow. No doubt Q&A will come up regarding 1Q earnings but focus will be on 4th Q 2010 and new acquisitions I think and future of Co. I think/hope they'll come out stronger this year.
Interesting thought regarding 'potential take over target'. I hadn't thought of that.
conference call to discuss fourth quarter and fiscal year 2010 financial results on Wednesday, March 30, 2011 at 2:00 PM Pacific / 5:00 PM. Eastern Time.
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