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Evans Brewing Co Inc. (ALES)

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Last Post: 6/15/2018 1:52:58 PM - Followers: 14 - Board type: Free - Posts Today: 0

A Message Board to keep Evans Brewing Company's shareholders a place to communicate and stay up to date with company news.
I-ON Communications Co., Ltd.

15, Teheran-ro 10-gil, Gangnam-gu,
Seoul, 135-080, Korea

T : +82-2-3430-1200
F : +82-2-3430-1205
U :
I-On FaceBook
I-On Twitter
Press releases
I-On Investor Relations (917) 549-0168
Name change in process to:
I-ON Communications Co. Inc.
Share Structure
Shareholders of Record   640    06/30/2017
  Market Value1 $1,858,698
a/o Dec 26, 2017
June 12, 2018
  Authorized Shares 100,000,000 a/o Jun 30, 2017
  Outstanding Shares 4,784,293
a/o Aug 01, 2017
June 8, 2018
  -Restricted Not Available
  -Unrestricted Not Available
  Held at DTC Not Available
  Float 233,418
a/o Jun 30, 2017
Feb. 15, 2018
  Par Value No Par Value

Evans Brewing Co Inc (ALES) aka I-ON Communications (Via Merger)

I-ON Communications is a Seoul, South Korea-based enterprise software company founded in 1999.  After being awarded its first of six patents by 2003, the Company has since evolved into an industry-leading and recognized developer of enterprise-class unstructured data management and digital marketing software solutions. I-ON has sold to over 1,000 mid to large clients across numerous verticals in both the private and public sectors, primarily throughout South Korea, Japan and Southeast Asia.  The Company has 11 products at market that enable clients to create, measure, and optimizes digital experiences for their audiences across marketing channels and devices. These encompass enterprise web content management (CMS), web experience and service delivery software, digital marketing, smart mobility and analytics tools and energy management systems. I-ON's large R&D team has designed and developed industry-leading technologies that are compliant with global standards including GS (Good Software) and NET (New Excellent Technology), while holding numerous domestic and global industry awards and recognition from the likes of Gartner and Red Herring.

Healthy Balance Sheet

As of December 31, 2017, I-ON held total cash and equivalents of approximately $3.1 million, working capital of $6.7 million and total current assets of $8.6 million, a 14% year-over-year (y/y) increase. Total assets grew to $10.2 millionfrom $9.2 million. Current liabilities grew slightly y/y to $1.9 million from $1.8 million, while long-term debt of $280,007 remained negligible and relatively unchanged. The Company also has available lines of credit with financial institutions for up to $3.7 million, of which there were no outstanding balances as of the end of 2017. Shareholders' equity increased 11.4% to $8.0 million from $7.1 million in 2016.

2017 Full Year Highlights

Total revenue came in at $9.2 million versus $9.2 million in 2016 and was composed predominantly of royalty, licensing and customized solutions and services. Major customers in 2017 included Korean Broadcasting System, Hyundai AutoEver, JoongAng Ilbo, Samsung, and the KPGA among many others. I-ON's top ten customer contribution approximated 52% of total revenue, consistent with recent trends. Gross income was $3.0 million versus $4.5 million in 2016 due partially to a shift in revenue mix and timing of new product launches, while operating expenses declined to $2.4 million from $3.5 million owing to less R&D to pivot more towards direct sales, marketing of newly launched products, and international expansion efforts. Operating income, as a result, came in at $586,679 versus $1.0 million in 2016 and comprehensive income was $766,803, in line with the prior year.

For more information:
Power Point presentation on I-ON Communications:

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ALES News: Current Report Filing (8-k) 06/13/2018 06:03:39 AM
ALES News: Annual Report (10-k) 06/08/2018 04:44:02 PM
ALES News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 05/15/2018 02:34:05 PM
ALES News: Amended Current Report Filing (8-k/a) 05/07/2018 05:28:23 PM
ALES News: Notification That Annual Report Will Be Submitted Late (nt 10-k) 03/30/2018 05:04:28 PM
PlusOneCoin Top Posts
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#204  Sticky Note $ALES 2017 $13.5m revenue $2.3m profits: love your neighbor 01/31/18 08:29:49 PM
#376   yes that's the safe and intermediate term mindset KoreanTrumpster 06/15/18 01:52:58 PM
#375   the military option has officially been taken off KoreanTrumpster 06/15/18 01:44:12 PM
#374   I never thought we would see the day roger wilco 06/15/18 01:30:13 PM
#373   Stay positive on the stock and market people KoreanTrumpster 06/15/18 01:27:00 PM
#372   enterprise cms and big data management sectors are KoreanTrumpster 06/15/18 01:17:39 PM
#371   it should be any day now. by KoreanTrumpster 06/15/18 01:10:53 PM
#370   Tomorrow the last of the filings to get roger wilco 06/14/18 11:35:30 AM
#369   $ALES 10 Days Chart $Pistol Pete$ 06/14/18 01:24:14 AM
#368   enterprise software companies (both private and public) trade KoreanTrumpster 06/13/18 01:24:50 PM
#367   As long as $ALES I-On Communications demonstrates investor roger wilco 06/13/18 01:18:27 PM
#366   It's a solid company overall with an important KoreanTrumpster 06/13/18 12:57:38 PM
#365   it's a great stock KoreanTrumpster 06/13/18 12:53:59 PM
#364   Thanks for the info! We are at the finish Kizersosae 06/13/18 12:52:57 PM
#363   I-ON is one of the FIRST South Korean KoreanTrumpster 06/13/18 12:32:31 PM
#362   Thanks $$$ $ALES $$$ love your neighbor 06/13/18 12:30:21 PM
#361   yes just keep in mind that kenne ruan KoreanTrumpster 06/13/18 12:28:44 PM
#360   the more recent PowerPoint is at which KoreanTrumpster 06/13/18 12:23:16 PM
#359   8K filing they fired the Accountant roger wilco 06/13/18 09:25:38 AM
#358   I just love the support here. The show roger wilco 06/12/18 11:18:30 AM
#357   I heard it is coming sooner than that RamsnastyMcBickle 06/12/18 10:45:18 AM
#356   I-On's 10K due on June 18th. Just a roger wilco 06/11/18 09:45:41 PM
#355   agree. $$$ $ALES $$$ love your neighbor 06/08/18 06:11:17 PM
#354   It's good to see the finish line on roger wilco 06/08/18 05:48:17 PM
#353   Well they said Evans Brewing 10K would be Kizersosae 06/08/18 05:43:11 PM
#352   10K filed as Evans Brewing for 2017 roger wilco 06/08/18 04:58:51 PM
#351   I hope that I-On completes it's business projects roger wilco 06/04/18 03:18:20 PM
#350   They are delayed it seems because the Evans Kizersosae 05/31/18 09:21:01 AM
#349   I encourage all investors to email I-On Communications roger wilco 05/30/18 01:41:05 PM
#348   The symbol change was to occur after the roger wilco 05/27/18 05:39:40 PM
#347   Any word on symbol change? Sudsseaker 05/27/18 01:07:20 PM
#346   Great americano 05/23/18 02:36:34 PM
#345   Those projections are NOT including any potential acqu roger wilco 05/22/18 04:57:28 PM
#344   From what I am hearing that is a RamsnastyMcBickle 05/22/18 01:09:13 PM
#343   I-ON Communications is projecting revenues in excess of roger wilco 05/21/18 10:11:30 PM
#342   Thanks for the presentation!! Buy and hold $20-$30 americano 05/21/18 08:49:49 PM
#341   Power Point Presentation about I-ON Communications: roger wilco 05/21/18 12:01:37 PM
#340   The current filing that is due will be roger wilco 05/16/18 10:35:19 AM
#339   I-On Communications is taking applications for share price roger wilco 05/14/18 03:53:36 PM
#338   Buying pressure will do wonders to the share roger wilco 05/10/18 03:55:46 PM
#337   Super 8-K has now been filed so the roger wilco 05/10/18 11:49:05 AM
#336   Found an magazine article on I-ON communications roger wilco 05/09/18 12:05:28 PM
#335   My understanding is they intend to do so RamsnastyMcBickle 05/08/18 09:57:57 AM
#334   Is there any interest in uplisting to NASDAQ? Kizersosae 05/08/18 08:49:52 AM
#333   Agree $ALES $$$ love your neighbor 05/08/18 08:47:12 AM
#332   And many new products being added plus existing Dragnet 05/08/18 06:43:34 AM
#331   According to what I have read we have roger wilco 05/08/18 01:33:29 AM
#330   $$$ Nice -> Healthy Balance Sheet $ALES love your neighbor 05/07/18 09:37:50 PM
#329   Super 8K filed I-ON Communications showed a profit roger wilco 05/07/18 09:31:33 PM
#328 Kizersosae 05/07/18 09:20:42 PM
#327   I have to say, this stock is very Kizersosae 04/30/18 07:36:11 PM