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$TLLE <>>Nice Website >>> http://www.teletouch.com/
$TLLE Teletouch Reports Fiscal Year 2012 Results
Date: Wed, Aug 29, 2012 8:00 AM EDT
http://finance.yahoo.com/news/teletouch-reports-fiscal-2012-results-120000566.html
Teletouch Communications, Inc. (TLLE), a leading U.S. cellular services provider and consumer electronics distributor, reported its audited consolidated results on Form 10-K for the 2012 fiscal year ended May 31, 2012.
Fiscal Year 2012 Financial Highlights
* Total operating revenues of $34.42 million
* Income from operations of $6.32 million
* EBITDA of $7.48 million
* Net income of $4.17 million
* Basic Earnings Per Share of $0.09
* Diluted Earnings Per Share of $0.08
* Reduced total liabilities by $6.59 million
4th Quarter Results – Highlights
* Total operating revenues of $8.30 million
* Income from operations of $0.65 million
* EBITDA of $0.91 million
* Net income of $0.16 million
Other Fiscal 2012 & Recent Events Highlights
1st Quarter
* Two-Way Radio/Public Safety Equipment business breakout quarter, with segment revenues increasing to just over $2.9 million in the first quarter, an approximately $1.8 million or 164% increase over the same quarter last year;
* Fundamental change of Company ownership and long-term stock voting control as result of former parent company, TLL Partners, LLC debt restructuring (see related detail in 8-K, filed August 18, 2011);
2nd Quarter
* Settled the AT&T litigation, resulting in the realization of material initial, as well as additional ongoing cash compensation, new iPhone and iPad sales agreements, with 3-Yr distribution contract extensions, and new 6-yr Dealer agreements (see related detail in 8-K, filed November 28, 2011);
* Settlement included AT&T non-interference clause, paving way for renewed Company-direct manufacturer distribution relationships;
3rd Quarter
* Fulfilled hundreds of iPhone deliveries to customers waiting for AT&T litigation end;
* Received the State of Texas’ computations from its ongoing sales and use tax audit of Company’s wholly owned subsidiary, Progressive Concepts, Inc. (“PCI”) through October 2009, resulting in an accrual of a $1.88 million estimated sales tax liability. In addition, the Company recorded a sales tax liability of approximately $0.3 million related to similar tax issues that are believed to have continued beyond the current tax audit period, for a total accrual in the period of $2.18 million;
* Teletouch’s senior lender, Thermo Credit LLC (“Thermo”) advised Company that it had to exit the Company’s $12 million revolving credit facility prior to the original term because of certain issues it had with its own lender;
* Amended Thermo senior debt agreement, deferring repayment of remaining note balance until May 2012, or August 2012, assuming certain criteria were met by Company, in exchange for a $2 million payment in March 2012 towards the outstanding loan balance;
4th Quarter
* Received extensions from both of the Company’s current real estate lenders which extended the maturity dates from May 2012 to August 2012;
* Entered into distribution agreements with a variety of cellular accessory manufacturers, including, Monster Digital, Concept 101, Pure Gear®, Boston Amplifier, Cellphone-Mate, Skunk Juice®, Digital Innovations, Dicotta Cases, Wilson Electronics®, among others;
* Expanded consumer electronics/12-volt audio product lines by entering into direct distribution agreements with manufacturers including Cadence Acoustics, Cerwin Vega®, Diamond Audio and Lightning Audio®;
* Returned Company to profitability, having positive EBITDA and net income for the fourth quarter (EBITDA is a non-GAAP measure; see “Disclosure of Non-GAAP Financial Measures” below).
Events Subsequent to Year End
* In June 2012, signed National Distribution Agreement with TCT Mobile Multinational Ltd to sell Alcatel OneTouch® branded cellular handsets. Initial inventory expected to be available by mid-October 2012;
* Sold legacy two way radio and public safety equipment business to Irving, Texas-based DFW Communications, Inc. for approximately $1.5 million in August 2012;
* Completed negotiating and executed term sheet with prospective new lender for senior revolving and term credit facilities to replace current credit facility with Thermo Credit. Although the term sheet is non-binding, diligence process started in late August 2012, with closing targeted for mid- to late September 2012.
“As we look back and reflect on all of the events that transpired during fiscal 2012, what becomes readily apparent is the total mass of activity, both set-backs and accomplishments, that has set the stage for the Company’s future direction for the next several years,” stated T. A. "Kip" Hyde, Jr., President, Chief Operating Officer and Director of Teletouch. “From geometric growth in our two-way radio/PSE unit, to favorably settling the AT&T litigation, to a change of control in our stock holders, to our senior credit provider, Thermo Credit LLC, having its own difficulties and pulling our credit line, to a material sales tax assessment related to issues not identified in any State of Texas sales tax audits of the Company in any prior years, to satisfying the pent-up demand for the iPhone in our customer base, to completing our first direct handset manufacturer distribution agreement and a nearly a dozen other distribution agreements, we’ve been busy. To put it mildly, this past fiscal year has been a wild ride.”
Hyde continued, “Then add, since the end of the May 2012, the recent sale of that same two-way radio/PSE business, going through a road-show presentation process, with the subsequent term sheet negotiations and then signing, with due diligence now in process with a potential new lender, our high levels of activity continue, but are now all focused on furthering future growth for the Company. While we still have a few remaining challenges, returning Teletouch to operating profitability has been foremost among our goals, and we achieved that for the fourth quarter and year as a whole. All in all, it has been a great way to start fiscal 2013.”
$TLLE Teletouch is your top source for Public Safety Equipment from leading manufacturers including Whelen, Havis, FireCom, Stalker Radar, Streamlight, TruckVault and much more.
No doubt about it, moving up fast and $TLLE is a great company
$TLLE Teletouch is a contract holder with several important cooperative purchasing networks such as GSA, BuyBoard and TXMAS, plus more are being added everyday. We are proud to join a very select group of companies who provide top quality products and services to city, state and federal organizations through these networks. Our associations allow us to provide the best products, at the very best price.
$TLLE <> Business Summary
Teletouch Communications, Inc. provides wireless services and consumer electronics to individual consumers, businesses, and government agencies in the United States and internationally. It offers wireless telecommunications solutions, including cellular, GPS-telemetry, and wireless messaging. Teletouch Communications serves approximately 38,000 cellular customers. The company also provides its products and services through a chain of 19 retail and agent stores under the Teletouch and Hawk Electronics brand names; direct sales force; and through various retail e-commerce Websites. In addition, it operates a consumer electronics and cellular equipment wholesale distribution business, primarily serving carrier agents, rural cellular carriers, smaller consumer electronics, and automotive retailers and auto dealers. The company acquires, sells, and supports various types of cellular telephones, related accessories, telemetry, car audio, and car security products under various direct distribution agreements with manufacturers. Teletouch Communications, Inc. was founded in 1964 and is headquartered in Fort Worth, Texas.
StockTA is giving all BULLISH signals on $TLLE!!
http://www.stockta.com/cgi-bin/analysis.pl?symb=TLLE&cobrand=&mode=stock
Analysis:
Overall Short Intermediate Long
Bullish (0.41) Bullish (0.47) Bullish (0.40) Bullish (0.38)
$TLLE In two-way radios and communications, we are an authorized Motorola Dealer. We carry many top quality communications brands inlcuding Vertex, ICOM, Digital Antenna and Kenwood. Our trained and certified technicians will find the best equipment to fit your needs.
TLLE ABOUT HAWK ELECTRONICS®
LARGEST “AUTHORIZED SERVICES PROVIDER” OF AT&T WIRELESS
- Direct billing, rating, servicing of end-user customers
-Unique co-branded billing services relationship with
AT&T (formerly Cingular, Southwestern Bell Wireless)
- 16 Texas-based Retail & Authorized Agent stores
- Direct sales force for Corporate and Government
accounts
- Proprietary billing and CRM platform
- In-house Technical Support and
Call Center
- Serving nearly 40,000 Subscribers
$TLLE has an 88% Strong Buy" Opinion from BarChart.com!!!
http://www.barchart.com/quotes/stocks/TLLE
No doubt bro! loving that float! TLLE go the goods bro!
$TLLE >> great SS <<>> Security Details
Share Structure
Market Value1 $27,295,708 a/o Sep 14, 2012
Shares Outstanding 48,742,335 a/o Aug 24, 2012
Float 4,500,000 a/o Mar 31, 2010
Authorized Shares 70,000,000 a/o Mar 31, 2010
Par Value 0.001
$TLLE In public safety equipment, we are a key distributor for several manufacturers which include Whelen Engineering, Federal Signal, Havis-Shields, Jotto Desk, Pro-Gard, Santa Cruz Gun Locks, Streamlight, and others. Our highly trained staff includes the design, sales, service, and installation to customize the right solution to fit your special requirements. We can help you with state-of-the-art design, high quality product selection, and cost justification.
$TLLE Teletouch Communications has been supplying law enforcement, fire departments, emergency providers, as well as other agencies in the safety & traffic industry for over 46 years. We are committed to serving the needs of both small and large police departments, sheriff departments, correctional departments and agencies.
$TLLE big news out in premarket guys! Keep on watch!!!
Agreed bud! todays news is sick!! i can't wait to see the open fpr $TLLE
TLLE .56 x.60 with an hour to go
$TLLE Yes they do look solid. News out this morning.
Thanks. I believe $TLLE float is around 20 Mil now, not sure but if you can verify with the TA that would be great!
$TLLE should look great this morning because of the NEWS!!!! NEWS OUT
$TLLE Teletouch has been named as a distributor for North America, with a focus on rural carrier operators and providers.
“Unimax Communications has made significant inroads launching their products into the U.S., with a number of UMX handsets approved at Tier 1 networks in North America and available for purchase beginning October 2012. UMX handsets have also already been certified and launched at a number of rural and regional carriers,” said T. A. “Kip” Hyde, Jr., President and COO of Teletouch. “Based on initial customer interest, we expect significant multi-million dollar sales growth from this product line, through our PCI Wholesale subsidiary, during the second-half of fiscal 2013.”
$TLLE A solid company with a good business plan!
- Partnerships with Fortune 500 Companies
- Over 60,000 Wireless Customers
- Proprietary Cellular & Multi-Product Billing Platform
- Fully Integrated Customer Care (Call) Center
- National CE Wholesale Distribution Business
$TLLE Security Details
Share Structure
Market Value1 $27,295,708 a/o Sep 14, 2012
Shares Outstanding 48,742,335 a/o Aug 24, 2012
Float 4,500,000 a/o Mar 31, 2010
Authorized Shares 70,000,000 a/o Mar 31, 2010
Par Value 0.001
$Great news !!!>>> $TLLE <>> goooo
$TLLE I always like the Unimax products. I need a tough phone, I eat them up!
$TLLE Business Description
For over 46 years, Teletouch has offered a comprehensive suite of wireless telecommunications solutions, including cellular, two-way radio, GPS-telemetry and wireless messaging. Teletouch is a leading direct Authorized Services Provider and billing agent of AT&T (NYSE: T) products and services (voice, data and entertainment) to consumers, businesses and government agencies, as well as an operator of its own two-way radio network and LTR systems in Texas. Recently, Teletouch entered into national agency and distribution agreements with Sprint (NYSE: S) and Clearwire (NASDAQ: CLWR), providers of advanced 4G cellular network services. Teletouch operates a chain of 26 retail and authorized agent stores under the "Teletouch" and "Hawk Electronics" brands, in conjunction with its direct sales force, call center operations, and various retail eCommerce websites including: www.hawkelectronics.com and www.hawkexpress.com. Through its wholly owned subsidiary, Progressive Concepts, Inc., Teletouch operates a national distribution business, PCI Wholesale, primarily serving large cellular carrier agents and rural carriers, as well as auto dealers and smaller consumer electronics retailers, with product sales and support available through www.pciwholesale.com and www.pcidropship.com, among other B2B oriented websites.
Unimax 'military specifications' is a great addition for TLLE
that's one sweet looking pr bud $TLLE looks hot for this week!
TLLE Great news out this morning, should be an awesome day.
Unimax phones available in just a few weeks here... big news. "Built to military specifications, these Android phones are fully certified for the U.S. market, and will be available for delivery Fall 2012." go TLLE
TLLE COMPANY FACTS
- 47+ years as a wireless services company
- 28+ years as a cellular services provider
- 39+ years as a consumer electronics retailer and wholesaler
- 115+ full-time employees
- Publicly traded as Teletouch Communications since 1994
FISCAL YEAR 2012 (Ended May 31, 2012)
BUSINESS PLAN
? Settle AT&T litigation [Completed]
? Focus on PSE Division growth [>500% FYE]
? Enter into at least one new direct OEM handset
distribution relationship [Completed]
? Review multiple acquisition targets [Ongoing]
? Launch iPhone & iPad Sales [Completed]
? Maintain earnings momentum [4Q Net Income]
huge market for TLLE's phones, in almost any market segment there's need for abuse sustaining phones :)
TLLE INVESTMENT HIGHLIGHTS
- Partnerships with Fortune 500 Companies
- Over 60,000 Wireless Customers
- Proprietary Cellular & Multi-Product Billing Platform
- Fully Integrated Customer Care (Call) Center
- National CE Wholesale Distribution Business
TLLE Looks like a real company with real revenue.
$TLLE sure looks like a solid company and profitable too!
- 47+ years as a wireless services company
- 28+ years as a cellular services provider
- 39+ years as a consumer electronics retailer and wholesaler
- 115+ full-time employees
- Publicly traded as Teletouch Communications since 1994
Poised to move down :) lol
$TLLE PR out this AM!
Teletouch Announces Distribution Agreement with Unimax Communications for Sales of UMX Branded Cellular Handsets
Teletouch Communications, Inc. (OTCBB: TLLE), a leading U.S. wireless services, cellular and consumer electronics distributor, today announced that it has entered into a comprehensive distribution agreement with Unimax Communications, Inc., a subsidiary of Hong Kong-based telecom electronics manufacturer, Unimax Communications Corporation, to sell and distribute their UMX® branded mobile handsets. Unimax is one of the fastest growing handset manufacturers in China, specializing in low cost, high quality Android®, CDMA and WCDMA handsets, including the new, ruggedized and waterproof MAXCombat and MAXArmadillo line of phones. Built to military specifications, these Android phones are fully certified for the U.S. market, and will be available for delivery Fall 2012. Teletouch has been named as a distributor for North America, with a focus on rural carrier operators and providers.
Rugged Waterproof Military Spec UMX MXE-635 MAXArmadillo (Photo: Business Wire)
“Unimax Communications has made significant inroads launching their products into the U.S., with a number of UMX handsets approved at Tier 1 networks in North America and available for purchase beginning October 2012. UMX handsets have also already been certified and launched at a number of rural and regional carriers,” said T. A. “Kip” Hyde, Jr., President and COO of Teletouch. “Based on initial customer interest, we expect significant multi-million dollar sales growth from this product line, through our PCI Wholesale subsidiary, during the second-half of fiscal 2013.”
Dan Gannon, President of Unimax Communications, Inc. stated, “Teletouch’s long history in both retail and wholesale cellular handset sales and distribution makes them the perfect choice for us to increase our penetration and growth throughout the United States, Canada and Mexico. We are pleased to work with this great team of professionals to support our continued worldwide growth.”
About Unimax Communications Corporation
Unimax Communications Corporation was founded in San Jose, California in 2008, with a related R&D center in Xi'an, China. All members of the Unimax founding team received Ph.D. degrees in the U.S. and Japan and have proven track records of industrial experience. The goal of Unimax is to build a leading 4G broadband wireless technology company, providing 4G chipsets to support both LTE and WiMAX, and manufacturing cost effective Android, CDMA and WCDMA handsets for distribution worldwide. Unimax focuses on innovation and has invested heavily in advanced research to develop its large patent portfolio.
About Teletouch Communications
For over 48 years, Teletouch has offered a comprehensive suite of wireless telecommunications solutions, including cellular, two-way radio, GPS-telemetry and wireless messaging. Today, Teletouch is a leading Authorized Services Provider and billing agent of AT&T (NYSE: T) products and services to consumers, businesses and government agencies, operating a chain of retail and authorized agent stores in North and Central Texas under its “Hawk Electronics” brand, in conjunction with its direct sales force, call center operations and various retail eCommerce websites including: www.hawkelectronics.com, www.hawkwireless.com and www.hawkexpress.com.
Through its wholly owned subsidiary, Progressive Concepts, Inc., Teletouch operates a national distribution business, PCI Wholesale, primarily serving Tier-1 (AT&T, T-Mobile, Verizon, Sprint) cellular carrier agents, Tier-2, Tier-3 and rural carriers, as well as auto dealers and smaller consumer electronics retailers, with product sales and support available through www.pciwholesale.com and www.pcidropship.com, among other B2B oriented websites.
Teletouch's common stock is traded Over-The-Counter under stock symbol: TLLE. Additional information about the Teletouch family of companies can be found at www.teletouch.com.
All bullish indicators on $TLLE
Agreed, chart is primed for a nice move
Have $TLLE on closee>>>> <00> !!!!
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Teletouch Communications, Inc. (TLLE) offers a comprehensive suite of wireless telecommunications solutions, including cellular, GPS-telemetry, and wireless messaging. Founded in 1964, the company provides its products and services to consumers, businesses, and government agencies, operating a chain of 11 retail and authorized agent stores, in conjunction with its direct sales force, call center operations, and various retail eCommerce websites.
Through its wholly owned subsidiary, Progressive Concepts, Teletouch operates a national distribution business, PCI Wholesale, primarily serving Tier-1 (AT&T, T-Mobile, Verizon, Sprint) cellular carrier agents, Tier-2, Tier-3, and rural carriers, as well as auto dealers and smaller consumer electronics retailers. The subsidiary's international sales coverage includes Canada, Mexico, Brazil, Singapore, and China.
The company is currently focusing on growing its core wholesale distribution business. The business plan being executed includes selling non-core corporate assets and reviewing potential acquisition opportunities. Operators and retailers of all sizes are seeking new sources of revenue at lower costs, creating a large opportunity to provide great products and value-added distribution capabilities at competitive prices.
Teletouch's management team has extensive experience in financing, acquiring, and operating retail, wireless and other related companies. Robert McMurrey, Chairman and CEO, guided Teletouch's original external expansion with the completion of over 15 acquisitions to date. Today, the company supports over 60,000 wireless customers, leveraging its long-standing relationships and global presence to drive future earnings growth.
COMPANY FACTS- 47+ years as a wireless services company | INVESTMENT HIGHLIGHTS- Partnerships with Fortune 500 Companies |
5718 Airport Freeway | LinksInvestors Relations PageLatest Presentations SEC Filings Company News Company Financials |
ROBERT MCMURREY Mr. McMurrey is the Chairman and CEO of Teletouch Communications, Inc., and controlling shareholder of Teletouch. In April, 2001, Mr. McMurrey also acquired and became Chairman and CEO of PCI. The companies were consolidated in August, 2006, with Teletouch surviving as the parent to PCI. Mr. McMurrey has extensive experience in financing, acquiring and operating retail, wireless and other related companies. Mr. McMurrey guided Teletouch's original external expansion with the completion of over 15 acquisitions to date. Prior to 1994, Mr. McMurrey was involved in the energy industry. Mr. McMurrey has a B.S. degree from the University of Texas at Austin. | |
THOMAS 'KIP' A. HYDE, JR. Prior to joining Teletouch in October 2004, Mr. Hyde was both President of PCI affiliate and PCCI parent financial subsidiary, State Hawk Security, Inc. and General Manager of Hawk Electronics Home & Commercial Services group. Previously, Mr. Hyde was CEO of CA-based Greenland Corporation, a financial software systems provider to his prior employer, Dallas, TX-based, Affiliated Computer Services (NYSE:ACS). Mr. Hyde served as the Corporate VP for the ACS Financial Services division, and later, for ACS Retail Solutions, Inc., a subsidiary providing large scale enterprise retail systems and technical help desk support. Clients included 7-Eleven, Inc., Denny's Restaurants Group, Zale Corporation and many others, with systems deployed in over 12,000 locations throughout North America. While at ACS, Mr. Hyde was awarded U.S. Patent #6,038,553 for an automated check cashing and financial services technology platform (now known as Vcom™) installed in nearly 2,000 7-11 stores. Mr. Hyde holds a B.A. degree in Finance from the University of Texas at Austin. | |
DOUGLAS E. SLOAN Mr. Sloan joined Teletouch as a Senior Financial Analyst in August 1998. In May 2001, he was promoted to Controller and Corporate Secretary, and was promoted to his current role as Chief Financial Officer in December 2005. Prior to joining Teletouch, Mr. Sloan was Controller of Amerimax Building Products, Inc., a Dallas, TX-based manufacturing company, from 1995 to 1998. Mr. Sloan began his financial career as a senior auditor with Ernst & Young, LLP in Dallas, TX from 1991 to 1995. Mr. Sloan is a Certified Public Accountant, licensed in the State of Texas since 1992. He holds a B.B.A. degree in Accounting from Texas A&M University. |
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