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GMTDQ: Plan of Bankruptcy effective. Shares have been cancelled
http://www.otcbb.com/asp/dailylist_detail.asp?d=06/26/2013&mkt_ctg=NON-OTCBB
GMTDQ
Contact Info
10957 McCormick
Road
Hunt Valley
21031, MD 21031
Website: http://www.gtti.com
Phone: 410-316-9900
Email: jody@gtti.com
Update Company Info
Business Description
Game Trading Technologies, Inc. operates as a video game trading services provider with a focus on valuation, procurement, refurbishment, and redistribution of pre-owned video games primarily in the United States. The company provides an array of services to various national firms allowing them to serve customers, who intend to trade their games for store credit or purchase pre-owned games. Its proprietary game trading database updates values on approximately 10,000 video games and consoles on ...
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Financial Reporting/Disclosure
Reporting Status SEC Filer
Audited Financials Audited
Latest Report Not Available
Regulatory Agency Not Available
CIK 0001382805
Fiscal Year End 12/31
OTC Market Tier OTC Pink No Information
Profile Data
SIC - Industry Classification 5734 - Computer and software stores
Incorporated In: DE, USA
Year of Inc. 2003
Employees 68 a/o Dec 31, 2009
Company Officers
Todd Hays President, CEO
Rodney Hillman COO
Thomas Hays VP, Sales
Jody Janson IR
Company Directors
Michael DuGally
Todd Hays
Rodney Hillman
Jack Koegel
Thomas Wobber
Company Notes
Formerly=City Language Exchange, Inc. until 2-2010
Service Providers
Auditor/Accountant
Lake & Associates CPA'S LLC
1905 Wright Blvd
Schaumburg, IL, 60193
United States
Lake & Associates
20283 State Road
#7 Suite 300
Boca Raton, FL, 33498
United States
Legal Counsel
Not Available
Investor Relations Firm
ISD, Inc.
400 Andrews Street
Rochester, NY, 14604
United States
GMTDQ Security Details
Share Structure
Market Value1 $11,834 a/o Sep 20, 2012
Shares Outstanding 4,226,256 a/o Nov 18, 2011
Float Not Available
Authorized Shares 100,000,000 a/o Sep 30, 2010
Par Value No Par Value
Shareholders
Shareholders of Record 56 a/o Apr 15, 2011
Security Notes
Capital Change=shs increased by 2 for 1 split Ex-date=07/02/2008. Rec date=06/23/2008. Pay date=07/01/2008.
Capital Change=shs decreased by 1 for 2 split. Pay date=02/15/2011.
Short Selling Data
Short Interest 0 (-100%)
Mar 15, 2011
Significant Failures to Deliver No
Transfer Agent(s)
Island Stock Transfer
Looks like it!
Alex I
i think this time it may be the ground floor. dont forget, for a fact, i know that they showed the buys as sells. i have proven it here.
GMTDQ looks awesome!
Alex I
ya, i saw that, cool, thx!
thx. i love this board, cause no one has been on it in almost a year. i think we got us a gem here, about to go.
Welcome aboard Gail.
Company Posts Record Revenue of $11,401,287
http://www.sec.gov/Archives/edgar/data/1382805/000111776810000173/mainbody.htm
Game Trading Technologies, Inc. (OTC Bulletin Board: GMTD, "the Company" or "GTTI"), a leading game trading services provider focused on technology, supply and services in the fast growing, pre-owned video game market, announced today its first quarter results of operations for the first quarter ended March 31, 2010.
Summary results for the first quarter ended March 31, 2010:
GTTI reported revenue of $11,401,287 as compared to revenue of $8,341,060 for the first quarter ended March 31, 2009, an increase of $3,060,227 or 37%. First quarter gross profit increased by $531,069 to $1,972,637, or 37%, as compared to $1,441,568 for the first quarter ended March 31, 2009. The increase in revenue was due primarily to an increase in bulk sales along with the launch of a major new retailer program, "Great Games Under $20." The gross profit margin percentage of 17.3% remained consistent, as the supply channels were similar.
Excluding $2,877,170 for legal and accounting services, and charges resulting from warrants and stock options issuances related to the Company's private placement in February, 2010, total operating expenses in the first quarter ended March 31, 2010 increased by $207,483 to $987,761, or 27%, as compared to $780,278 for the first quarter ended March 31, 2009.
The Company realized a net loss of $1,845,801 for the first quarter ended March 31, 2010 as compared to net income of $628,134 for the first quarter ended March 31, 2009.
Todd Hays, CEO of Game Trading Technologies stated: "We are pleased with the results of our first quarter, having achieved record revenues exceeding $11,000,000. Even in a quarter with increased expenses as a result of financial-related distractions, we experienced exceptional revenue growth and demand for our services and all of the Company's core indicators are stronger than ever. The trading platform that we have spent significant resources developing for our retail partners is starting to generate considerable traction as indicated by the sales growth and the number of trade-in partnerships we are establishing. Consumers are realizing there is real value in their pre-owned video software and hardware collections. As more trade-in programs take hold, it bodes well for the value-conscious customer and it is where the Company's business model is firmly positioned."
A $5 pps shell? Why?
We know it's a shell....
The company will eventually take out the original shell and move on.
Linked up with 7-11 stores...
http://finance.yahoo.com/news/7ElevenR-is-a-GameSaver-Value-prnews-4169580778.html?x=0&.v=1
Opened over $5.00....
They are ready for NASDAQ!
CLGX > 5-for-1 f/s > GMTD
SECURITY ADDITIONS
DL Date Symbol Company Name Effective Date OATS Reportable Flag Comments
5/1/2007 CLGX City Language Exchange, Inc. Common Stock 5/2/2007
5/14/2007 CLGX City Language Exchange, Inc. Common Stock 5/15/2007 From NBB (CLGX) **
SECURITY DELETIONS
Dl Date Symbol Company Name Effective Date/Comments
5/14/2007 CLGX City Language Exchange, Inc. Common Stock 5/15/2007 Added to OTCBB (CLGX) **
DIVIDENDS
Record Date Symbol Company Name Dividend Type
6/23/2008 CLGX City Language Exchange, Inc. Common Stock Stock Dividend or Split
NAME/SYMBOL CHANGES
DL Date Date Old Symbol/Name New Symbol/Name
2/25/2010 2/26/2010 CLGX City Language Exchange, Inc. Common Stock GMTD Game Trading Technologies, Inc. Common Stock
http://www.otcbb.com/asp/dailylist_search.asp?SearchSymbolForm=TRUE&OTCBB=ALL&searchby=symbol&searchfor=clgx&searchwith=Starting
Nice company here!
I think size will be hard to come by.
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www.gametradingtechnologies.com
Game Trading Technologies, Inc. ("GTTI") a publicly-traded company (OTCBB: GMTD) is a leading game trading services provider focused on the procurement, refurbishment and redistribution of pre-owned video games.
GTTI currently supplies unique services, supported by innovative technologies to an array of retail customers, allowing them to better serve their customers with a primary focus on monetizing their video game collections. The foundation of most of these relationships is GTTI's proprietary game trading database, which updates values on more than 10,000 video games and consoles on a daily basis according to market conditions. Consumers who shop at our retail partner locations have the ability at any given time to trade in a single game or console, or an entire collection. In exchange, they receive store credit in the form of a gift card that can be used to purchase anything the retailer sells. The unique advantage that GTTI offers in conjunction with the trade values is a guaranteed purchase of those items as a pass-through directly from the retailer.
Founded in 2003 and headquartered in Hunt Valley, MD, Game Trading Technologies, Inc. ("GTTI") is a leading video game trading services provider focused on valuation, procurement, refurbishment, and redistribution of pre-owned video games. The Company provides an array of unique services to a number of national partners allowing them to better serve customers who want to trade their games for store credit or purchase pre-owned games. The foundation of most of these relationships is GTTI's proprietary "Game Trading Engine," which provides real-time market pricing on more than 10,000 video games and consoles.
Gamers Factory, a wholy owned subsidary of GTTI, is a trusted brand in the industry signifying certified pre-owned video games, consoles, and accessories. Visit our online direct to consumer store at www.gamersfactory.com.
Gamers Factory B2B serves as a one-of-a-kind online marketplace for small businesses to acquire inventory at wholesale pricing, or to monetize their unwanted inventory in support of retail or online operations. Visit our website at www.gfib2b.com.
Todd Hays
President and Chief Executive Officer, Director
Mr. Hays founded Game Trading Technologies, Inc. in 2003 as a solution to the growing need for wholesale distribution capabilities in the fledgling, pre-owned video game industry. Prior to starting Game Trading Technologies, Inc., Mr. Hays was founder, President and Chief Executive Officer of InterAct Accessories, Inc. Founded in 1991 and later sold to Recoton Corporation, InterAct became the world’s largest third-party developer, manufacturer and distributor of peripherals for video game consoles and computers. InterAct was the leader in market share for nine years with a peak of 73% in 1999. Under Mr. Hays’ leadership, the company generated over $1.4 billion in revenue during that time span, while developing GameShark®, one of the most recognizable brands in the industry. Mr. Hays received a B.A. degree in Marketing from Pennsylvania State University.
Rodney Hillman
Chief Operating Officer, Director
Mr. Hillman has been the Game Trading Technologies, Inc. Chief Financial Officer and General Manager from 2003 through the present, and prior to that was Vice President of Product Development for InterAct Accessories, Inc. from 1998 through 2003. Mr. Hillman has 12 years prior experience in various management positions, primarily in finance and strategy, with Constellation Energy Group, a multinational energy services firm. Mr. Hillman received a B.S. degree in Electrical and Computer Engineering from The Johns Hopkins University, an M.S. degree in Finance from Loyola College in Baltimore, Maryland, and an M.B.A. degree from the University of Baltimore.
Thomas Hays
Vice President - National Sales
Mr. Hays manages Game Trading Technologies, Inc.’s relationships with its retail corporate customers and suppliers from which it procures its inventory and distributes its refurbished products. Prior to Game Trading Technologies, Inc., from 1996 to 2002, Mr. Hays formed and managed Proactive Marketing, a manufacturers’ representative agency which sold PC and videogame software and accessories to Wal-Mart, Hastings Entertainment, Office Max, Office Depot, BJ’s Wholesale Clubs and Micro Center, as well as various distributors in Latin America. Mr. Hays developed his sales background during 13 years working in various sales territories and as a district manager for a division of Alcan Aluminum Corporation. Mr. Hays received a B.A. degree in Business from Towson University, and an M.B.A. degree from the University of Baltimore.
Rick Miller
Controller and Director of Finance
Mr. Miller develops and maintains all accounting policies and procedures, and maintains relationships with Game Trading Technologies, Inc.’ various vendors, customers, banks and investors. Mr. Miller has held several Controller and Assistant Controller positions since 1994 in various small to mid-size firms. He received a B.S. degree in Accounting from Pennsylvania State University.
Game Trading Technologies, Inc. Partners with 7-Eleven, Inc. in Introducing 'Great Games Below $20' Program to Over 3,000 U.S. Stores
HUNT VALLEY, Md., April 19 /PRNewswire-FirstCall/ -- Game Trading Technologies, Inc. ("GTT", OTC Bulletin Board: GMTD), a leading game-trading services provider, announced today that it has created a new program of "GREAT GAMES BELOW $20" for more than 3,000 7-Eleven® stores. These outlets represent 50 percent of the U.S. stores operated and franchised by 7-Eleven, Inc.
"What this means to consumers is that they will have many convenient locations, most open 24/7, to buy value-priced video games," said Todd Hays, president and CEO of Game Trading Technologies, Inc. "The program is available to all 7-Eleven U.S. franchisees, and we hope to have most U.S. stores on board by September."
Each participating store receives a corrugated display with a mixture of games representing various platforms and price points, all at $19.99 or below. GTT, a company focused on technology, supply and services in the fast growing, pre-owned video game market, also provides regular replenishment to ensure that stores remain well-stocked with a broad selection of games at value prices.
"We partnered with GTT because of their experience and expertise as a third-party provider of video games and the terrific selection they'll offer to our customers," said Michael Jester, 7-Eleven category manager for gaming and electronics. "More than 60 percent of U.S. households now have at least one video game console, and consumers are searching for convenient ways to stretch their entertainment dollar in this challenging economy."
Sichenzia Ross Friedman Ference LLP
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