Primal Solutions, Inc. (PMSO)

[ROCKER67]

The wolf is on the loose!

[ROCKER67]

Clearly you can see that it is! Makes you wonder!

[joeeasy]

PMSO=Pump n dump scam.From 1c to 5c at 9:30

[Awl416]

You serious - I just told you. It’s being promoted by a group....

[PSAORN]

Why is up this much ?

[GhosTraderX]

Added 0.05 this morning...
Lets see what happens...

GhosT

[Awl416]

Promoted by ptel chat ID according to otc today .com

[PSAORN]

Anyone knows what’s going on here

[Kobe Ginobili]

3mo. avg volume 8600

Contact Info
19732 MacArthur Boulevard
Suite 100
Irvine, CA 92612

Phone: [phone]

Update Company Info
Business Description
Financial Reporting/Disclosure
Reporting Status SEC Filer
Audited Financials Not Available
Latest Report Not Available
Regulatory Agency Not Available
CIK 0001124217
Fiscal Year End 12/31
OTC Market Tier OTC Pink No Information
Profile Data
SIC - Industry Classification 7372 - Prepackaged software
Incorporated In: DE, USA
Year of Inc. 1998
Employees 48 a/o Mar 31, 2005
Company Officers
Joseph R. Simrell President, CEO, Acting CFO
Company Directors
Not Available
Service Providers
Auditor/Accountant
Not Available
Legal Counsel
Not Available
Investor Relations Firm
Not Available
PMSO Security Details
Share Structure
Market Value1 $2,303 a/o Sep 20, 2012
Shares Outstanding 1,096,652 a/o Aug 08, 2008
Float Not Available
Authorized Shares Not Available
Par Value 0.01
Shareholders
Shareholders of Record 287 a/o Apr 15, 2008
Security Notes
Capital Change=shs decreased by 1 for 35 split. Pay date=06/20/2008

[buffaloboy]

Losing 75% of Revenue Can't Be Good
Primal is losing Time Warner Cable it's number one customer representing 75% of its sales. They lost a major customer in 2005, Metrocall, but were able to survive with TWC growing. Not sure who they have to fill those Time Warner shoes. Does management have a plan?

Primal Solutions, Inc. (the "Company") has been informed by Time Warner Cable Information Services (Maine) LLC ("Time Warner") that Time Warner intends to reduce to zero the number of its subscribers under the Master Agreement, as amended with the Company. The Company and Time Warner are currently in discussions concerning the details of Time Warner's plans, as well as the extent and duration of transition services that may be provided by the Company to Time Warner. Revenues from Time Warner under the Master Agreement represented 65.7% of the Company's total revenues for the fiscal year ended December 31, 2007.

[buffaloboy]

They have a map on their website, www.primal.com. It says they are right next to the Google building. I don't think they have a drive through window, but maybe Google does...

[COLLECT]

My Cousin will be stopping by this address this weekend on his way to Big Bear to see if they are serving donuts at the drive through.....

19732 MacArthur Boulevard, Irvine, California 92612
[phone]

[andebais]

Just had a 1:35 reverse stock split!!

[buffaloboy]

Have not looked at this for a year. But PSOL seems to be on an upswing. They had positive operating cashflow of $485K and seemed to be cleaning up their balance sheet. Big changes from a year ago. Not sure why no one is trading in this stock.

[andebais]

Anyone here following PSOL.

[buffaloboy]

Well, through the first 3 quarters, Primal seems to be off only 33% on revenue from year ago with the loss of Metrocall. Looks like they might be turning things around, although they still have to due some more cost cutting if they are going to keep their noses above the water.

[zenvesting]

The company hasn't issued any PR or made any filings about renewing the Time Warner contract yet that I see? It is a three year contract that was announced on 7/22/2003.

USA Mobility's contract wasn't renewed.....and it accounted for about half of PSOL's revenues last year. From the company's May 2005 annual report:
http://www.sec.gov/Archives/edgar/data/1124217/000110465905014322/a05-5883_110ksb.htm

For the three months ended March 31, 2005, we had two customers that accounted for greater than 10% of our total revenues in the amount of $1.1 million and $341,000, respectively. In the same period last year, we had one customer that accounted for greater than 10% of our total revenues in the amount of $1.1 million. As discussed elsewhere in this report, our largest customer notified us of its intention not to renew its license and services agreement with us upon its expiration in accordance with its terms at the end of December 2005. Based upon our conversations with this customer, it is our understanding that our customer’s election not to renew its agreement with us was a result of a previous significant investment by its merger partner in an existing billing system in place prior to the merger, and on which most of the combined company’s customers already reside. We expect to continue to maintain our historically cooperative working relationship with this customer and are in discussions to modify and extend our license and services agreement to meet some of the customer’s on-going need to access historical data.

I don't feel inclined to buy until the first quater's reeport is issued....and I'm sure the reality has dawned on everyone that USA Mobility accounted for about half of PSOL's 2005 revenue base.

[buffaloboy]

Looks like PSOL must of renewed with Time Warner, and Time Warner now has over 1 million VoIP users. Not bad. Has anyone heard any news on USA Mobility?

[zenvesting]

As the billing service provider to Time Warner's VoIP and another unnamed "Teir I Cable MSO"s VoIP, this could be the year for PSOL. Still no mention of who will do the billing for AOLs VoIP offering, but considering TWX owns AOL, I think PSOL might have a good chance.

A major deciding factor for PSOL this year will be the contract renewal from their current largest customer, which is due in December. Formerly, Metrocall (MTOH) has recently merged with Arch Wireless to form USA Mobility (USMO). PSOL has a 10+ year relationship with MTOH....and MTOH's CEO remained the CEO of USMO. If these companies converge their billing infastructure....and PSOL wins...this could be very good.

If not, Time Warner's newly deployed service should have grown to a substantial enough portion to keep PSOL going to fight another day.

[charlieoops]

All kinds of DD for this very young and rapidly rising multinational company.


The birth of Primal http://www.primal.com/press/releases/new_primal_symbol.pdf




Number of shares outstanding as of the close of business on August 14, 2001:

TITLE OF CLASS NUMBER OF SHARES OUTSTANDING
-------------- ----------------------------
Common Stock, $0.01 par value. 20,356,269




Net stockholders' equity............................. 5,652,075 8,432,197
----------- -----------
$10,121,109 $12,985,492
=========== ===========

PRIMAL SOLUTIONS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS



Six Months Ended
Three Months Ended June 30, June 30,
---------------------------- ------------------------
2001 2000 2001 2000
------------- ------------- ----------- -----------
(Unaudited)

REVENUES:
System revenue........ $ 545,874 $ 523,765 $ 1,077,850 $ 1,179,785
Service revenue....... 1,319,996 1,570,549 2,431,538 2,888,011
------------- ------------- ----------- -----------
Total revenues...... 1,865,870 2,094,314 3,509,388 4,067,796

Cost of systems....... 580 699 23,539 28,316
Cost of services...... 752,973 859,921 1,690,361 1,737,677
------------- ------------- ----------- -----------
COST OF REVENUES........ 753,553 896,620 1,713,900 1,765,993
------------- ------------- ----------- -----------
GROSS MARGIN............ 1,112,317 1,197,694 1,795,488 2,301,803

OPERATING EXPENSES:
Research and
development.......... 492,804 1,044,749 1,414,028 2,065,063
Sales and marketing... 436,393 577,620 952,658 1,256,861
(Gain) Loss on lease
abandonment.......... (1,311,898) -- 286,013 --
General and
administrative....... 894,159 688,465 1,904,940 1,454,204
------------- ------------- ----------- -----------
Total operating
expenses........... 511,458 2,310,834 4,557,639 4,776,128
------------- ------------- ----------- -----------
INCOME (LOSS) FROM
OPERATIONS............. 600,859 (1,113,140) (2,762,151) (2,474,324)
INTEREST AND OTHER
EXPENSE, net........... (47,269) (66,637) (81,862) (77,863)
------------- ------------- ----------- -----------
INCOME (LOSS) BEFORE
INCOME TAX PROVISION... 553,590 (1,179,777) (2,844,013) (2,552,187)
INCOME TAX PROVISION.... 1,600 (667,809) 1,600 (667,809)
------------- ------------- ----------- -----------
NET INCOME (LOSS)....... $ 551,990 $ (511,968) $(2,845,613) $(1,888,378)
============= ============= =========== ===========
Basic and diluted net
income (loss) per
share.................. $ 0.03 $ (0.03) $ (0.14) $ (0.10)
Weighted-average basic
common shares
outstanding............ 20,356,269 19,696,957 20,210,565 19,696,957
Weighted-average diluted
common shares
outstanding............ 20,648,751 19,696,957 20,210,565 19,696,957



Primal software operates with
telecommunications equipment from major manufacturers such as Cisco Systems,
Inc., Lucent Technologies, Inc., and Nortel Networks, Inc.