Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
LA,Looks like we got our double bottom and the $3.8 million contract announcement was right on time. The refreshing part is they actually put a revenue number on it. Remember how much it sucked when they would PR all this stuff that was going to happen and never put a number on it ? We were left to try to figure out if it was worth anything or just smoke. BTW I'm putting those two companies you mentioned on my watch list. Looks like I may be too late on one of them. Shred
Today could be our double bottom. I'm not a chartist but I think that is what we are looking at. LA what do you think? You read the charts pretty good.
I will never trust his recos and his prediction is absurd..He's been saying that for 3 years..LMAO
Theres a chance it might hit the $5 but if it does then I am guessing probably late of next year..IMO
what do u think of Murphy's prediction of 5$ per shares? tia
Well back to normal at TKO, we sit and wait while the pps drifts aimlessly. Pay attention to DPDW again. It took a dive on pretty heavy volume. Could be a nice rebound in the works. I may get off this horse and on that one if this won't run.
very nice thanks
Mike Murphy Update: Back on Top Buy List
Telkonet (TKO) did it! As of this morning, Ron Pickett, the drive-by CEO, becomes Vice-Chairman of the Board and, as I predicted, Jason Tienor has been named President and Chief Executive Officer. Tienor promptly named a new Chief Operating Officer, a new Chief Financial Officer (CFO), and a new Vice President of Global Sales. Sounds like a pretty clean sweep.
Tienor said that the company's cost reduction program has projected savings of about $2.1 million a year. Telkonet's energy management and hospitality businesses are scheduled to double, matched by continued growth within the government systems-related sectors. Gross profit margins will increase through 2008 in line with increasing revenues, and the company is still committed to cash flow breakeven in the near term and positive earnings per share for the full 2008 year.
The proxy is also out for the Board of Directors vote coming on December 21, and Ron asked: "What do you suggest when it comes time to vote?"
I suggest voting against Warren (Pete) Musser, the Chairman of the Board, and against Ron Pickett, the former President and CEO. Vote for the other directors. Truthfully, they all deserve a "no" vote for letting Pickett try to run the company by remote control for so long, but we will collectively have a bigger impact if Musser and Pickett get fewer votes than the others.
I like Pete Musser from his days at Safeguard, but I think he would be a bit shocked if he got a lot less votes than the other outside directors. He is 80 years old and probably doesn't want any stains on his record at this point, so maybe shock would turn to action. Jason Tienor needs to be the management person on the Board, and Pickett needs to get out of the company.
Meanwhile, with the appointment of Tienor as CEO, I am making TKO a Top Buy again up to $5 for my $15 target.
OT--thanks for your PM the other night KPI....Thats too bad you dont put money on any pinks but just keep on eye on EFFC and CVCP..I understand all pinkies are POS but these two are uplisting to OTCBB in January..Btw, I scooped most of my CVCP shares in the mid .30s now at $1.76 and my average for EFFC is .20 and patiently waiting til they start rolling when January comes..
GLTU and all TKOheads out there.
Man I didn't have the "nads" to buy more yesterday when it was under $1 LOL Good news indeed! See 'ya Ron, don't let the door knock the rug off your head on the way out....
Thanks, This is a win win for TKO. We get to retain his expertise and still get a new CEO. I am more bullish than ever.
Founder and former CEO Ron Pickett is named Vice Chairman of Telkonet's Board of Directors, and will continue to play an important senior advisory role. Pete Musser, Chairman of the Board, observed that having Ron's leadership, vision and commitment from Telkonet's inception were important to acknowledge.
"Ron has given so much in so many ways," said Pete Musser, who summarized by saying that the new leadership is a key part of Telkonet's planned strategy, and will enable the next phase of the company's evolution, positioning Telkonet for success in calendar year 08.
SOURCE: Telkonet, Inc.
Yes, Yes, Yes! This is the news we have been waiting for. I am sure Mike Murphy will now pump this again. This is going to be a long term hold for me.
Finally!! Thank you Santa!!!
Dec 12 (Reuters) - TELKONET INC (TKO.A: Quote, Profile, Research):
* Telkonet under new leadership with CEO and COO appointments
* Says Jason Tienor has been named president and CEO
* Telkonet says promoted Rick Leimbach to CFO
* Telkonet forecasts positive earnings per share for full
year2008
* Reuters Estimates fiscal year 2008 earnings per share view
$-0.19
OT--Shred, well, it would have been better if you scooped DPDW in the .20s like I did less than a year ago..Made a bit of money..anyways I no longer have it however all my hard earned cash are in EFFC..
Good things are coming on EFFC..Hope you and KPI take some position before it runs..I really hope you guys do..
Meanwhile TKO are a few cents away from my prediction of under a dollar before December ends..ARRRRRRRRRRRGH
In fact slap me for buying too quick again. Down 7% already. Hey LAKINSPHAN were you on DPDW? That was $1.04 the same day this was $1.10. Now it's like $1.20 AAAUUUGGGGG!
Sonny~as usual...TFTR & GL eom
I'm not waiting for anything more than $1.50. I won't get stuck in it again. If I can accumulate a batch of cheap or free shares I'll hold those longer term to see if the "story" can ever be turned into reality. shred
KPI, I have nothing (good) to say about Murphy..Almost all his recos in the past are POS..I couldn't remember I think he touted TKO at $5ish a few years back..I didn't bought TKO base on his reco but I felt sorry for those who did..
My CVCP, EFFC, UPS, etc are cash account but my TKO investment is in my 401K and don't want to sell now for a loss..I would be above water if this is cash account..It seems like the only way to make money on TKO is to trade the heck out..I couldn't trade this because my broker charge me arms and legs..
RP really need to step out if we want TKO to succeed as far as pps goes..I have been saying this for over two years now..BTW, I also don't like Sadle I would prefer to bring in a new blood..
LMAO..I am not sure if it is an actual photo or it is a photoshop but my guess is the latter..A chick from my work had forwarded this to me and I was LMAO when I saw it so I decided to put it as part of my siggy..
Cheers bud!!
Mickey10305~TFTR~curious if you don't mind...
Mike Murphy ... newsletter ... New World Investor ... if you bought TKO for morn than $3 when he had originally put it out...
Is that one of those with the boiler plate disclaimers stating paid for with cash and stock to tout?
Can you point out what he thought made it worthy of mentioning at $3 and why he thought it was going higher ... as why one would speculate on it? Then, if I could ask, what went wrong with his hypothesis i. e. what didn't happen as projected OR other reasons for the 70% decline from Murphy's New World Investor pitch?
I think at the current price its a steal
While that may prove to be the case, on what do you base this? Are you a chart person or one that reads the SEC filings with a critical eye? I read the most recent and found it really (IMO) lacking.
We have some tax loss selling going on but this will be much higher in 6 month and all will be forgotten
You think the decline (since that earnings release) is closely tied to Tax selling? Or do you feel more exited due to disappointment and/or other reasons?
It is not uncommon for story stocks like TKO to have a run. In 6 months it might very well make some "good coin" for some like yourself but will the fundamentals have change or will it be folks getting spun "the story" and not the substance (as in lack of)? I am of the thought that a planned entry & exit strategy might pay off here. The entry IMO at a low enough level would be important and maybe beneficial. As it again approached an "over sold" condition I might actually consider adding a small amount to my position. It won't frankly be because I think this is a terrific company but rather a good story... if only they might perform and execute their business plan it might be otherwise but not a good track record based on historical info. GLTY
I will post his updates here on this site
If the board moderator doesn't mind, I would appreciate that. I am not thinking Sonny has much good to say about Murphy but I wouldn't mind seeing how the New World Investor is able to spin this company.
TIA & best!
kp
Mike Murphy puts out a newsletter for paid subscriber called New World Investor. I am a subscriber and I like him. He has had some big winners in the past. I guess if you bought TKO for morn than $3 when he had originally put it out you would be upset. I think at the current price its a steal. I only own 3000 at a cost of $1.20. We have some tax loss selling going on but this will be much higher in 6 month and all will be forgotten. I will post his updates here on this site.
Sonny~some Qs...who is Murphy? And if you think this is a POS why aren't you selling for tax loss? Are all your holdings in IRA or similar? ...just curious seeing TKO is down 58% this year, has a negative Profit Margin (-192.23%) and a $ 74M market cap with only $10M in revenue (although that's +93.80% Trailing Twelve Month Rev. Growth!)?
Lastly, if RP is ousted then who takes over that spot at corporate? Do you have faith in any others on the board to step up?
Frankly, with this continuing sell off (TKO Bid: 1.04 Ask: 1.06 Last: 1.05 ($): -0.05 Vol: 296,200) there are other companies that interest me more in this price range...companies that just seem more attractive at the present imHo <gg>
TIA
Oh, and I like the clouds in your message LOL ...is that an actual photo or photoShop?
Continued Best! ...& GLTA
kp
TKO is a POS..Ron Pickett is full chit and so as Mike Murphy..Period..You add all those together and you get what? thats right you get chits in your investment..
Not selling just disgruntled...
Murphy thinks 5-15$
http://investorshub.advfn.com/boards/read_msg.asp?message_id=25096467
what do u think?
2 ways to win here. Ron pulls the rabbit out his a$$ or the board throws him out on his a$$. I couldn't resist at $1.11 . Downside risk 10% upside potential 30 to 50+% I like the odds. I actually have made a little money on TKO and could have made more if I would have ignored the story and traded the price trend. I bought it smart most every time but didn't sell enough. Management rewarded the trader every time with lack of execution.(Thank you Pisshead and Walrus)
Im hearing CEO changed could come up pretty soon.
What do you think of this?
Posted by: Mickey10305
In reply to: GordonGecko who wrote msg# 219823
Date:12/6/2007 2:04:20 PM
Post #of 219954
Check out TKO. near a 52 week low but could rocket soon.
Content on Demand MegaShift from Mike Murphy
Telkonet (TKO) drew a question from Tom: "I don't understand why you haven't made any comment on the sell-off of BPL at TKO or why there has been such a sell-off since their earnings release. I thought BPL was the main attraction to TKO, so what does this mean for the company?"
Tom, Telkonet is still the leader in Broadband over Power Lines. They sold their investment in a private company called BPL Global for $2 million in cash, where they had invested $131,044 in the company in February 2005. BPL Global develops broadband services via power lines through joint ventures in the U. S., Asia, Eastern Europe and the Middle East, using Telkonet equipment.
The new proxy was just filed, and shows CEO Ron Pickett running for that job again. The annual meeting is scheduled for December 21. If you get a proxy, vote against Pickett and we'll collectively send a message to the Board of Directors. I still believe that we'll see a change in CEOs shortly, so TKO remains a buy up to $5 for my $15 target. That looks a long way away, I know, but things can change very fast in a small company with a core technology like this.
HELLOOOOOOO. Anybody around? Call me crazy but I just bought back in @ $1.11 I'm just betting that tax selling is pretty much over and Ron may pull a rabbit out of his anus before too long. I've watched it rebound a couple of times after dropping on some volume. Wish me luck.
MLK the greatest of all time? $1.20 just like he said. Weak earnings and the tax selling (why not, everybody is in a losing position)Ron long on talk ,short on delivery. Here's a New Year's resolution : under promice and over deliver. That might help the PPS. Merry Christmas or Happy Holidays (whatever your flavor)to all. Shred
For those of you wondering why TKO is no longer in my profile as one my favorite stock.its because this POS is too embarassing to own..
You are right with your prediction of $1.20 all along MLK..Did you go rub this to all of the longs at the KOOL AID private board yet OR do you have to drink their KOOL AID before they let you back in?
Happy Thanksgiving to you too KPI and the rest of TKOheads out there..
OT~waltc98~lol~ya know, no one ever ask me that before... ah, I guess it is what *you* see that counts, ya know, looking at things differently <g>
Is there something in that picture you post that were supposed to see? I'm confused on that saying at the bottom of your posts
You, IMO, should be congratulated for asking and admitting your confusion. That is the first step in looking at things differently and now, perhaps, seeing something differently.
For *me* it is about raising your head above the tall grass to get a different view of where you are going... what is coming up ahead rather than being content with the limited view below...
...like getting lost in a corn field? It all looks the same until you raise above it and get a handle on where you are going by getting a different vantage point.
IMO some folks are like cattle and just follow... and can get lost in the process. Some decide they would like to see where it is they are going. ...sometimes it takes looking at things differently in order to see things differently, no?
I guess you can liken it to reading a 10Q. That is, raising above the tall grass to get a view of where things are and where things are going lol BTW after reading the TKO 10Q I am seeing things differently lol
I feel all too often we are content in only seeing things the same way as others in our clique. Associating with those that see things only in the same light as we do. In so doing, we seldom see the differences or bigger picture ...only the sameness and that limited scope.
When it comes to investing, I believe it matters *how we look at* the information we have at hand. For me it is important to always try to seek another point of view because when we look at things differently things *are* somehow different ... hope that all makes some sense to you? It does for me and is what I intended when I put that quote to that picture. We should all stick our necks out... and maybe get to see things differently lol
Sorry for rambling... GL and best!
Happy Thanksgiving to you & yours & members of this board and IHUB folks reading this!
kp
Is there something in that picture you post that were supposed to see? I'm confused on that saying at the bottom of your posts.
thanks, Sonny! appreciated the reply EOM
KPI, I am guessing a couple of months so we have another ten months or so to go if they agreed upon a year to promote this stock...This is nothing but a waste of money..
Sonny~back in CEOcast? What's up with that? Didn't you post that was over a few weeks back?
VOLUME 325 Companies featured in this edition of the newsletter: ACCP, ACTC, CLXS, CVM, DOC, DVLY, GNBT, GSCR, HSOA, HYTM, MBND, MSHI, PBIO, PLKH, PLRS, SMGY, TAGS, TKO, USAT, VOIC
Telkonet, Inc. (AMEX: TKO), the leader in providing in-building broadband access over existing electrical wiring and innovative energy management systems, last week reported it has sold its interest in BPL Global, Ltd., a privately-held company, to certain existing stockholders of BPL Global for $2.0 million, payable in cash. This represents a profit of approximately $1.85 million since Telkonet's investment in BPL Global in early 2005. The company also reported sharply improved 2007 Q3 results, as revenue surged to $4.7 million, up more than four-fold from a year-earlier. Gross profit jumped to $1.2 million, from less than $100,000 in the year-earlier period. Shares ended the week at $1.53, down 4 cents.
--------------------------------------------
It will be interesting to see how CEOcast spins *this* week lol I hope they earn their money!
--------------------------------------------
While we believe all sources of information to be factual and reliable, in no way do we represent or guarantee the accuracy thereof, nor the statements made herein.
This publication accepts compensation from companies that it features. This newsletter should not be regarded as an independent publication. Our editors may, from time to time, acquire positions in the companies that they cover. This could represent a conflict of interest. The CEOcast newsletter shall be under no obligation to inform readers about its trading activities.... Telkonet, ten thousand dollars per month and one hundred thousand shares of stock for a one-year program
Any idea when this program really ends?
TIA & GLTA
kp
Thanks! I haven't been giving this stock much attention over the last week. Too many other positions are "crumbling" all around me lol
Good job on your trade this is the only you can make money with this company
I have a stack of SEC 10Qs to try and get through this weekend in between some football on the TV <g> ...TKO is toward the bottom of that stack. I don't have a pressing reason to wade through it seeing the stock is holding its share price fairly well ...I confess better than I suspected it would at this point.
Ron Pickett is nothing but a DUMB CEO who doesn't know how to run a successful company..RPs past speaks louder than words..
Some pretty ticked off folks on that CC. The company still has some *credibility currency* yet to burn with me so I continue to hold and watch with the intent of buying back those $1.80 shares lol ...maybe even a few more if some of my other holdings *cooperate*
I wouldn't wish this week's portfolio losses on my worst enemy <gg>
GLTA
kp
Telkonet Reports Third-Quarter 2007 Results
Company Reports 25% Sequential Increase in Revenues for Q3:07
TKO 1.53, 0.00, 0.0%) , the leading technology solutions provider for broadband networking, end-to-end service support and energy management, announced results for its third quarter of 2007 after the market close on Friday, November 9th. Revenues for the quarter were $4.6 million up 25% sequentially from the $3.7 million reported in the previous quarter and up over 300% compared to the third quarter of 2006. Gross margins during the third quarter rose significantly to approximately 27% compared to approximately 18% during the second quarter. Net loss for the quarter was ($0.07) per share compared to a loss of ($0.20) for the third quarter of 2006.
Ron Pickett, chief executive officer of Telkonet, commented, "During the third quarter we continued to experience strong revenue growth from our energy management, hospitality and government systems-related businesses, despite not being able to recognize additional revenues for a number of installations that took place during the quarter. Telkonet is currently positioned in some of the most exciting growth segments in today's economy - energy management, high-speed Internet access, the upgrading of government computer networks, and on-site computer and networking maintenance and installation. We believe the Company's position in these markets will allow for revenue growth and a continuing trend toward positive cash flow."
Highlights of the third quarter include:
-- Energy Management - Revenues generated from energy management related products continued to grow at a robust rate during the quarter and now account for approximately 22% of total sales. Telkonet attributes much of this growth to the strategic relationships the company has developed with major energy providers that are seeking to reduce the demand for energy among their customer bases. The company believes both recurring and nonrecurring revenue streams relating to energy management will continue to grow at a strong rate over the coming quarters as the scope of green initiatives continue to expand.
-- Hospitality Sector - The hospitality-related business at Telkonet now accounts for approximately 44% of revenues and is continuing to realize expanding gross margins. Telkonet's hospitality-related business now serves more than 2,200 properties worldwide and has become the second largest provider of high-speed Internet access to this industry. Telkonet believes this business sector will continue to expand at a rapid rate as high-speed Internet access becomes a basic requirement for both business and leisure travelers.
-- GEEK-LINK Product - During the third-quarter, Telkonet completed the acquisition of 30% of Geeks on Call, which is also known as 1-800-905-GEEK. In conjunction with this company, Telkonet has branded a "Plug and Play" solution that will allow for easy installation of broadband over power systems in homes and small businesses. During the quarter, training of the approximately 300 franchisees of 1-800-905-GEEK began and has recently been completed. Telkonet started initial shipments of product to this partner during the early part of November.
-- Government Sector - Telkonet experienced robust installations at government sites, with more than 200 sites being installed during the third quarter. Additionally, there were approximately 145 additional sites that received Telkonet equipment and numerous other sites that were installed with Telkonet equipment during the quarter that did not meet revenue recognition criteria and will likely be recognized as revenue in the fourth quarter. Additionally, the company's government systems division has now also installed Telkonet products at eight U.S. airports under an initiative with a federal government agency and is currently in the final approval process to further expand the program. Telkonet expects a continued rollout of its government systems-related programs over the coming quarters.
-- 200 Mbps Product - The majority of product development relating of the company's next-generation 200-Mbps product was completed during the third quarter. As a result, Telkonet is expecting to begin introduction of this state-of-the-art broadband over power product beginning in November of 2007.
-- Telkonet Smart Energy (TSE) Beta - One of Telkonet's newest and most revolutionary product upgrades, the networked energy management product line of Telkonet Smart Energy, entered its beta test phase with the installation in an existing customer location during early November after the majority of product development was completed during the third quarter. TSE provides enormous benefits to customers through both increased ROI on product installation as well as increased manageability and reporting of system performance.
-- Completion of Company Reorganization - During the third quarter, Telkonet completed the process moving installation and support functions in house and consolidated the locations performing these functions. This effort has allowed Telkonet to significantly reduce costs. The company has also completed the process of facilitating further improvements to its manufacturing process. These re-organizational measures have allowed the company to project savings of approximately $2.1 million in labor costs for 2008.
About Telkonet
Telkonet specializes in advanced integrated solutions for broadband data networking and energy management, including its highly successful in-building powerline communications (PLC) technology. Headquartered in Germantown, Maryland, USA, Telkonet has over 140 employees and serves thousands of customers worldwide.
The company's unique broadband networking solutions currently support more than a million network users per month, with its energy management systems optimizing energy consumption in over 60,000 rooms. Telkonet's technology innovation is underpinned by the highest level of end-to-end quality of service, with comprehensive technical customer support. Its systems deliver wide-ranging functionality, from wired and wireless high-speed Internet access to energy management, IP surveillance and local area networking. Telkonet's platforms are widely deployed on the global stage - in single buildings and ships, in multi-building complexes, hospitality venues and multi-dwelling units, and at government, education and defense locations.
Telkonet's innovations include the revolutionary Telkonet iWire System(TM), which converts a site's existing internal electrical infrastructure into an IP network backbone - quickly, cost-effectively and without disruption. The portfolio also includes the integrated EthoStream product suite, providing a comprehensive and advanced technology management platform for the hospitality industry, differentiated by outstanding remote management tools and a dedicated customer support facility. Telkonet SmartEnergy completes the line-up, delivering typical bottom line savings of 30% by controlling in-room energy consumption according to occupancy. For more information, please visit www.telkonet.com.
Statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results, can be found in the Company's Registration Statement and in its Reports on Forms 8-K filed with the Securities and Exchange Commission (SEC).
SOURCE: Telkonet, Inc.
Telkonet
Joe Noel, 240-912-1851
or
Garrett Axford
Georgina Garrett, +44 1273 441200
or
Simon Jones, +44 1273 441200
mail@garrett-axford.co.uk
or
CEOcast
Andrew Hellman, 212-732-4300
adhellman@ceocast.com
VOLUME 325
Companies featured in this edition of the newsletter: ACCP, ACTC, CLXS, CVM, DOC, DVLY, GNBT, GSCR, HSOA, HYTM, MBND, MSHI, PBIO, PLKH, PLRS, SMGY, TAGS, TKO, USAT, VOIC
There were few places to hide last week, as investors aggressively sold off both leaders and laggards. Stocks suffered through their worst three-day period in five years, as the Dow lost 552 points for the week, trimming its annual gain to 4.6%. The Nasdaq fared no better, losing 182 points in absorbing its biggest weekly decline since September, 2001, and lowering it year-to-date return to 8.8%. The S&P dropped 55 points, equating to a yearly gain of 2.5%. The Russell 2000 lost 25 points, giving it a 1.9% deficit for the year.
Stocks were shattered last week on rising oil prices, the declining dollar and surging gold prices. Credit losses continued to dominate headlines as Citigroup announced it would take additional losses of $8 billion to $11 billion, Morgan Stanley reported its fourth-quarter profit would be reduced by $2.5 billion in write-downs and Wachovia indicated that in October alone it would take a $1.1 billion write-down. Recently stocks had risen on the anticipation that the third quarter was pretty much a kitchen-sink quarter. As we are seeing now, that is not the case. Additionally, any good economic news released last week was overshadowed by the dollar crisis raising concerns that foreign investors at some point may be less inclined to buy dollar-denominated securities. Oil prices edging closer to $100 a barrel only exacerbated the negative market reaction. Although General Motors reported a $39 billion charge was related to an accounting shift and not actual business prospects, such news still rattled investors. As consumers continue to feel the credit crunch along with higher food and gas prices, retailers could continue to release disappointing sales results, mirroring those released last week for the month of October. Is it any surprise that Consumer Confidence eroded in November to a reading of 64, significantly lower than October's reading of 80.6?
To be sure, stocks suffered considerable technical damage last week. Those looking for good news, would point to the fact that the August 16th low of 12,845 for the Dow has not been breached yet. Still, the Dow transportation average has already breached its August low. Several Wall Street firms, including Morgan Stanley, noted that big Nasdaq declines typically were followed by gains in the ensuing week or month. They pointed out how stocks began prior recessions with sharp corrections averaging 14.2%, but followed those with recovery rallies of 20.6%. In fact, last week's three-day rout caused double-digit percentage declines in Google, Apple, Microsoft, Research in Motion, Cisco, Oracle and many other blue-chip technology stocks, making a bounce at least a possibility.
What should investors look for this week? The Blackstone Group (NYSE: BX) and Tyson Foods (NYSE: TSN) are expected to report earnings Monday morning. Home Depot (NYSE: HD), and Wal-Mart Stores (NYSE: WMT) are expected to announce earnings before the opening bell on Tuesday. Steel-maker Arcelor Mittal (NYSE: MT), and Macy's Inc. (NYSE: M) will announce numbers before the opening bell on Wednesday, followed by Applied Materials (NASDAQ: AMAT) after the close of business. On Thursday, expect announcements from J.C. Penney (NYSE: JCP), Sears Holdings (NASDAQ: SHLD), Tyco International (NYSE: TYC), Kohl's Corp. (NYSE: KSS), and Starbucks Corp. (NASDAQ: SBUX).
The economic data expected next week begins with Pending Home Sales for September being reported at 10:00 a.m. Tuesday morning, followed by the Treasury Budget for October at 2:00 p.m. Retail Sales, PPI, and Core PPI for October will all be announced at 8:30 a.m. on Wednesday, followed by Business Inventories for September at 10:00 a.m., and weekly Crude Inventories at 10:30 a.m. CPI, and Core CPI for October will be released Thursday morning at 8:30, along with weekly Initial Jobless Claims, and the NY State Empire Index for November. At noon, look for commentary from the Philadelphia Fed. Net Foreign Purchases for September will be announced at 9:00 a.m. on Friday, with Industrial Production, and Capacity Utilization for October coming at 9:15 a.m.
Hythiam, Inc. (NASDAQ: HYTM), a provider of comprehensive behavioral health management services, sold approximately 9.6 million shares of its common stock to institutional investors for proceeds of roughly $46 million. The company also issued five-year warrants to purchase a total of about 2.4 million additional shares of its common stock at an exercise price of $5.75 per share. Proceeds of the offering are to be used for working capital and general corporate purposes. Notably, one of the company's directors led the financing. Shares have lost more than half of their value over the past month fueled by uncertainty about the results from Dr. Urschel's study of PROMETA (met the primary endpoint), Pierce County, Washington's decision to suspend funding for PROMETA (we believe it could reinstate funding this week according to commentary in a local Seattle newspaper) and the need to raise financing in a challenging market. Last week, HYTM also reported results for the third quarter ended September 30, 2007, which include the consolidated results from Comprehensive Care Corporation (CompCare). Hythiam recorded revenues of $12.0 million for the quarter, including a record $2.3 million in revenues from Hythiam's healthcare services business, a gain of over 110% from the year ago period. Revenues for nine months were $32.2 million, compared to $2.9 in 2006. Net loss for the quarter was ($0.31) per share, versus a loss of ($0.25) a year earlier. Net loss for nine months was ($0.83) compared to last year's loss of ($0.70). The company also reported that the total patients treated with the company's PROMETA treatment program grew 71% from a year earlier. Hythiam also reported that the Russian Patent Office has decided to grant Hythiam's patent relating to the treatment of cocaine dependency. The Russian Patent Office granted Hythiam a similar patent for the treatment of alcohol dependency in 2006. Drug use is rampant in Russia, with an estimated 6 million addicts, and up to 70,000 drug-related deaths every year. The patent protecting the intellectual property underlying the company's PROMETA Treatment Program for cocaine dependence and follows the granting of cocaine patents in other major markets over the past 12 months, including the U.S., Europe, Japan, and Korea, and has now received notifications of allowance or grants for inventions underlying its PROMETA protocols from over 28 countries. Shares ended the week at $4.00, down $1.97.
Earnings Preview: Pressure BioSciences, Inc. (NASDAQ: PBIO), a company focused on the development of a novel, enabling technology called Pressure Cycling Technology (PCT), is scheduled to release third quarter results for the period ended September 30, 2007 on Monday. Revenues are expected to increase, reflecting the company's larger sales force. Furthermore, the breakdown of sales should also be monitored as the company is in the early stages of rolling out its product line. Revenue from the sale of PCT products and services was $136,355 for the three months ended June 30, compared to $28,783 a year earlier. This increase in revenue from PCT products and services was the result of the sale of four Barocycler NEP3229 PCT Sample Preparation Systems in the second quarter of 2007, versus one in the second quarter of 2006. Also contributing to this increase in revenue was an increase in the number of PULSE Tubes sold, revenue from Barocycler instruments under lease, and the recognition of extended service contract revenue. The company also recorded $65,772 of grant revenue during the second quarter of 2007. Top-line growth is expected on multiple fronts, including PCT products and services, and PULSE tubes. Commentary regarding the company's meetings with current distributors in France and Japan, and with potential distributors in Germany, Australia, and South Korea for its Barocycler NEP2320 should also be monitored as the product recently received CE Mark approval. Shares ended the week at $6.00, up 36 cents.
CEL-SCI Corporation (AMEX: CVM), developer of new immune system based treatments for cancer and infectious diseases, last week announced that its Board of Directors has approved a stockholder rights plan designed to ensure that all of its stockholders receive fair and equal treatment in the event of any proposal to acquire control of the company. The plan guards against partial or two-tier tender offers, coercive stock accumulation programs, and other tactics that may be used to gain control of CEL-SCI without offering a fair price to all stockholders. The company will issue rights to shareholders entitling the holder to purchase common stock at a substantial discount to the current market price in the event that any person or group acquires 15% or more of the company's stock. The distribution of the Series A and Series B Rights will be made on November 9, 2007 to stockholders of record on that date. Shares ended the week at $0.59, down two cents.
Digital Angel Corporation (AMEX: DOC), a technology company engaged in the development, manufacture, and marketing of visual and electronic identification tags and implantable RFID microchips, last week reported results from its third quarter ended September 30, 2007. The company reported record revenues of $20.3 million, a 64.0% increase, compared to revenue of $12.4 million in the third quarter of 2006. Net loss was $1.3 million, or ($0.03) loss per share, compared to a net loss of $1.4 million, or ($0.03) loss per share, a year earlier. Revenue was favorably impacted by $4.5 million sales from its newly-acquired McMurdo division, $2.6 million in sales of pet-implantable microchips to Schering-Plough, and a $1.5 million SARBE contract with the UK Ministry of Defence. The company also reported that it is in the final stages of its executive recruitment efforts, and expects to name a new CEO in December. Digital Angel also said that its merger with Applied Digital should be completed next month, in a move that is expected to simplify the capital structure and streamline expenses. Digital Angel stockholders will receive 1.4 shares of Applied Digital common stock for every share of Digital Angel common stock held. Shares ended the week at $1.13, down 19 cents.
Drug delivery company Generex Biotechnology Corporation, (NASDAQ: GNBT), last week announced that it has begun a Phase I clinical trial of its novel peptide vaccine for the treatment of prostate cancer. The 30-patient trial, a collaboration between Generex's Antigen Express division and the Saint Savas Cancer Hospital, is being conducted at the Laikon Hospital, University of Athens. The same vaccine peptide has recently entered Phase II clinical trials in breast cancer patients, having been shown to be safe, well-tolerated and able to generate a specific immune response in a Phase I trial. The company currently has an immunotherapeutic peptide in Phase I trials for the potentially pandemic H5N1 avian influenza. Shares ended the week at $1.60, down 5 cents.
Earnings Preview: Home Solutions of America, Inc. (Nasdaq: HSOA), a provider of restoration, construction and interior services to commercial and residential customers, is likely to release results from its third quarter ended September 30, 2007 on or about Wednesday, after taking a five-day extension. Shares have lost more than half of their value since the company released Q2 results, which raised fears that the company was experiencing liquidity issues. Likely overshadowing the quarterly results is the outcome of meetings the company began last week with FIGA, a state agency that pays claims that bankrupt insurance carriers are unable to satisfy. The company has claims of nearly $50 million from work completed several years ago, and the company said previously that a resolution of the undisputed amounts was likely to come by mid-November. A significant cash settlement could send shares dramatically higher, while continued uncertainty about when and whether HSOA will be paid would do little to alleviate fears of a liquidity crisis. We are cautiously optimistic that the company will receive a settlement next week. Q3 results could be impacted by constraints on working capital. Shares ended the week at $2.31, down 4 cents.
Tarrant Apparel Group (NASDAQ: TAGS), an innovative design and sourcing company for private label and private brand casual apparel, last week reported financial results for the three months and nine months ended September 30, 2007. The company reported revenue of $70.2 million in the third quarter of 2007, a 28% increase compared to $54.6 million in the same period in 2006. Private Brands sales were $12.0 million in the 2007 quarter, a 41% increase over last year, with the increase coming mainly from an increase in sales of American Rag CIE brand to Macy's Merchandising Group in the third quarter of 2007. Private Label sales increased 26% in the 2007 quarter to $58.2 million from $46.1 million reported in 2006. Net income after tax for the 2007 third quarter was $1.6 million or $ 0.05 a share, compared to a loss of $25.4 million ($0.83) per share for the 2006 third quarter. For the nine months, Tarrant Apparel had net sales of $186.4 million compared to $175.0 million in the same period in fiscal 2006. The company reported net income of $1.4 million, or $0.05 per share, in the first nine months of 2007, compared to a net loss of $23.9 million ($0.78) per share in the first nine months of 2006. Tarrant Apparel reiterated its revenue guidance of $230-240 million for the full fiscal year. Shares ended the week at $1.15, up two cents.
Telkonet, Inc. (AMEX: TKO), the leader in providing in-building broadband access over existing electrical wiring and innovative energy management systems, last week reported it has sold its interest in BPL Global, Ltd., a privately-held company, to certain existing stockholders of BPL Global for $2.0 million, payable in cash. This represents a profit of approximately $1.85 million since Telkonet's investment in BPL Global in early 2005. The company also reported sharply improved 2007 Q3 results, as revenue surged to $4.7 million, up more than four-fold from a year-earlier. Gross profit jumped to $1.2 million, from less than $100,000 in the year-earlier period. Shares ended the week at $1.53, down 4 cents.[/B]
Earnings Preview: USA Technologies, Inc. (NASDAQ: USAT), a developer of cashless vending and energy management products, is expected to announce earnings on Monday. As the company continues to gain traction in targeted markets, a continuation of impressive revenue growth and a reduced per share loss should be anticipated. The status of the launch of the company's new Quick Start purchasing program giving vending machine operators and bottler a no money down option should be watched as well, as should commentary regarding the company's relationships with Bed Bath & Beyond and MasterCard Worldwide. Also of importance would be comments regarding the company's EnergyMiser Turnkey Program as oil prices near $100 per barrel. Additionally, last week USAT announced that it has been issued a patent for the VM2iQ, the second generation of the VendingMiser which is installed internally, operates on audio signals, and switches the cooling system in and out of energy savings mode by monitoring vending machine sales. The VM2iQ technology is designed to save vending machine operators up to 35 percent annually in utility costs, and has already been installed in approximately 30,000 vending machines nationwide. The U.S. Patents and Trademark Office has issued patent number 7,286,907 for Method and Apparatus for Conserving Power Consumed by a Refrigerated Appliance Utilizing Audio Signal Detection. USA Technologies has now received 12 patents relating to its EnergyMiser energy management technologies, and a total of 69 patents overall. Shares ended the week at $6.56, down 72 cents.
Earnings Preview: Multiband Corporation (NASDAQ: MBND), a leading provider of video, data, and voice systems and services to multiple dwelling units (MDUs), is expected to release third quarter earnings for the period ended September 30, 2007 on Monday. The Q3results are likely to be overshadowed by additional details the company provides surrounding the merger with DirecTECH, which is supposed to dramatically change the size and profitability of the combined company. MBND investors are likely to own 21-24% of the new company. The transaction is expected to close early next year. Shares ended the week at $3.05, up 25 cents.
Advanced Cell Technology, Inc. (OTCBB: ACTC), a company applying stem cell technology in the emerging field of regenerative medicine, and the Casey Eye Institute at Oregon Health & Science University, last week reported results from a year-long study of the company's GMP-compliant RPE cells in the RCS Rat, a well validated animal model of retinal disease. The results of the study showed that the RPE cells demonstrated a statistically significant therapeutic effect, and researchers concluded that that visual function can be rescued and preserved in this animal model of disease utilizing GMP-compliant human ES-derived RPE cells, and that these cells may provide an effective donor cell source to rescue photoreceptors in conditions like age-related macular degeneration, where RPE function is compromised. The company plans to present this data to the FDA when it files an IND for the RPE therapy. Additionally, Advanced Cell reported that a controlled, randomized clinical trial using ACT's myoblast therapy demonstrated marked improvement in heart failure symptoms after both six and twelve months, demonstrating that the effects of ACT's myoblast therapy persist for an extended period of time, and also showed evidence that the hearts of the patients that received the therapy showed less cardiac remodeling than did control patients. This is the first U.S. trial using catheter-delivered muscle stem cells to treat congestive heart failure, suggesting that ACT's technology could give doctors the opportunity to successfully replace scarred heart tissue with healthy muscle via intracardiac injections of autologous skeletal myoblasts. The company plans to begin enrollment of a Phase II trial in the next few months. Shares ended the week at $0.26, down one penny.
Access Pharmaceuticals, Inc. (OTCBB: ACCP), an emerging biopharmaceutical company that develops and commercializes propriety products for the treatment and supportive care of cancer patients, last week announced it had executed arrangements for a $19.5 million recapitalization. The company agreed to sell an aggregate of $9.5 million in gross proceeds of the company's newly issued Series A Convertible Preferred Stock to a group of investors including SCO Capital Partners and Perceptive Life Sciences. Additionally, SCO Capital Partners, Oracle Partners and certain of their affiliates have agreed to exchange $10 million principal amount of senior debt into Series A Convertible Preferred Stock. Access also issued approximately 3.2 million warrants, exercisable at $3.50 per share. In addition to providing capital to fund its ongoing Phase II trial of ProLindac, the company's lead anti-cancer platinum drug, the transaction helps simplify the company's balance sheet. Shares ended the week at $3.11, up one cent.
Earnings Preview: ProLink Holdings Corp., (OTCBB: PLKH), the world's largest provider of Global Positioning System golf course management systems and on-course advertising, will report third quarter results for the period ended September 30, 2007 on Wednesday after the market closes. Investors should be looking for a strong sequential increase in advertising revenue and updates pertaining to its major advertising distribution deal with ABC National Television Sales. ABC's extensive relationships and sales force should substantially increase PLKH's reach and provide improved operating and cash flow performance, as well as new clients. The company should also discuss the timing of the Elumina acquisition, which is expected to be accretive and close later this month. The company reported disappointing second quarter results, but indicated that it expected its business to rebound in the third quarter and second-half of the year. Additionally, ProLink announced last week that the Cypress Course at The Grand Club in Palm Coast, FL, and the Tuscan Ridge Golf Course in Paradise, CA now feature the ProLink Solutions GPS system. Both courses plan to participate in ProLink's exclusive national advertising program. Shares ended the week at $0.73, down 12 cents.
Seaway Valley Capital Corporation (OTCBB: SWVC) said last week that its wholly owned subsidiary, WiseBuys Stores, Inc., completed its acquisition of Patrick Hackett Hardware Company. Hacketts, one of the nation's oldest retailers with roots dating back to 1830, is a full line department store specializing in name brand merchandise and full service hardware. Hacketts, now with nine locations in New York, features brand name clothing for men, women, and children, and a large selection of athletic, casual, and work footwear. WiseBuys Stores, Inc. was formed and began operations in 2003 as a direct result of the closing of small-town retailer, Ames Department Stores. WiseBuys initially focused its efforts on serving the discount retail needs of rural communities throughout northern and central New York. Shares ended the week at $0.022, unchanged.
Collexis Holdings, Inc. (OTCBB: CLXS), a global knowledge discovery company, last week reported that Mediator, a web-based research tool powered by SyynX Solutions, a wholly owned subsidiary of Collexis Holdings, Inc., has been selected by the North Carolina Bar Association as its research platform. Currently in use by global health organizations such as Johns Hopkins, the Mayo Clinic, Harvard University's Dana Farber Cancer Institute and The National Institutes of Health, the Mediator platform has been expanded to provide legal professionals with the ability to identify, quantify and qualify expert witnesses in all areas of biomedical and healthcare litigation. This selection highlights the potential of the use of Collexis' Fingerprint technology in helping researchers in any capacity, in any field. Shares ended the week at $1.25, down 20 cents.
MSTI Holdings, Inc. (OTCBB: MSHI), a carrier class communications technology company, last week reported it has completed the first phase of the deployment of its Internet Protocol Television (IPTV) service in the New York City area through the installation of Earth Stations (MST Antenna Farm), which will access more than 15 satellites, and gives the company the ability to provide more than 500 HDTV channels. The IPTV service provides bundled services such as television, Internet, and telephone service over the NuVisions' gigabit network that connects the properties it serves in a redundant gigabit ring, a virtual fiber optic network in the air within New York City. The company also plans to add more channels and features, such as video-on-demand, movies, games and interactive content, to the service when fully deployed. According to estimates, worldwide IPTV service revenue is expected to top $44 billion by 2009, with subscribers in North America alone expected to increase by over 12,000%. Shares ended the week at $1.01, down 4 cents.
Smart Energy Solutions, Inc. (OTCBB: SMGY), developer and manufacturer of the innovative Battery Brain product line of vehicle and marine devices, last week announced it has signed a major distribution agreement with Lund Industries. Lund Industries has been known as a leader in the design, manufacturing, installation and distribution of public safety vehicular equipment to federal, state and local agencies for over 25 years. This agreement will provide considerable exposure for Smart Energy's Battery Brain to these agencies, as well as to other potential utility and commercial customers. Lund has reportedly already secured a significant size order for a national government contract of the Battery Brain Bronze model. Shares ended the week at $0.42, unchanged.
VoIP, Inc. (OTCBB: VOIC), a provider of turnkey Voice over Internet Protocol (VOIP) communications solutions for service providers, last week reported that the company generated revenue of approximately $840,000 in the month ended October 30, 2007, an increase of 12.4% compared to the previous month. In addition, VoIP also improved its variable gross margin from 32% in September to 36% in October. The company expects that these monthly increases will continue, and reiterated it expects to be cash-flow positive for the month of November. Shares ended the week at $0.24, down 9 cents.
On the Wires: Pluristem Life Systems, Inc. (OTCBB: PLRS), a bio-therapeutics company dedicated to the commercialization of products for a variety of malignant, degenerative and auto-immune indications, reported that it intends to effect a 1 for 200 reverse stock split in conjunction with an application to list its shares on the NASDAQ Capital Market. The listing is part of the company's strategy to strengthen its financial position, broadening the availability of its stock to both institutional and individual investors.
SPECIAL SITUATION:
Deer Valley Corporation, Inc. (OTCBB: DVLY) $0.99
The slump in the housing market, combined with the current crisis in the credit markets, has many investors completely ignoring the homebuilding industry. Numerous media headlines have reported financial losses and even bankruptcies among homebuilders. We have found an exceptional company that is bucking the trend! In the little over three years since its inception early 2004, Deer Valley Corporation, Inc. has grown from a start up to a profitable, multi-plant operation with a current run rate of over $65 million per year.
Deer Valley is a provider of high end, feature rich HUD Code and modular homes. The corporate headquarters is located in Tampa, FL, and the company's two manufacturing plants are located in northwestern Alabama. Through its subsidiary, Deer Valley Homebuilders, Inc., the company is engaged in the production, sale, and marketing of factory-built homes to homebuyers located in the southeastern and south central United States. With over 100 authorized dealer locations in 13 states, Deer Valley has built a strong reputation in the region hardest hit by the hurricanes of 2005. The company is young, but its management team has over 250 years of industry experience. The company recorded first year (2004) sales of $16 million; 2005 sales of $35 million; and 2006 sales of over $65 million. Sales for the year 2007 will be comparable to 2006 with continuing strong earnings.
Deer Valley's rapid growth under challenging industry conditions has primarily resulted from a combination of two elements. The first is a unique corporate culture which stresses strong relationship with the company's employees, vendors, dealers and homebuyers. The second element is the unusual strength of its heavy-built home product line. The term heavy-built refers to the company's policy of providing homes with 2x6 exterior walls, closely spaced 2x8 floor joists, and custom steel frames fabricated in-house. In addition, the company's products have set a new standard for aesthetic appeal in the manufactured housing market by providing 100% finished dry drywall construction, eight to nine foot ceiling heights and enhancements like oak cabinets, masonry fireplaces, hand-laid tile flooring, high-grade appliances and luxurious master suites. All of this is provided at prices that are more affordable than similarly equipped site-built homes.
Deer Valley introduced its new line of modular homes at a trade show in Tunica, Miss in March 2007. The wisdom of this move into modular was confirmed when in June, Deer Valley announced that it had been selected by the State of Mississippi to produce 50 two bedroom and 100 three bedroom cottages as part of a program designed to test and evaluate future disaster housing units. These cottages are unique in that they are designed, built, and certified to meet both federal HUD-Code and Modular home standards. The initial contract award was for $7,535,000. The company completed the entire contract within the third quarter, ahead of contractual requirements, without a major disruption of the company's standard product flow. In October 2007, the company received a $7,185,000 contract extension for an additional 150 two-bedroom cottages. The company expects its record of success on this project to generate exposure to other states' emergency management programs.
Evidence is mounting that the modular segment of the factory built housing market will drive much of the overall housing industry's future growth. The difference between HUD Code homes and modular homes is primarily one of architectural freedom; HUD code homes being basically a simple rectangle, while modular homes can be designed to conform to any shape or floor plan suitable for site built homes. The company's extensive knowledge of the techniques necessary to produce finished drywall products in a production environment made this a natural course of expansion, and the move is clearly paying off.
The company recently reported a 14.5% increase in revenue in the third quarter of 2007 as compared to the second quarter, with the third quarter having the second-highest reported revenue in the company's history. While the industry is currently out of favor, it was just two years ago that investment guru Warren Buffet, a renowned value investor, invested over $1 billion in Clayton Homes, Inc., a larger peer of Deer Valley.
Deer Valley was created and has thrived during a severely challenging market cycle. Any turnaround in the housing industry can be expected to be a greater benefit to this company than many of its competitors in the region it serves. Furthermore, this company is well managed, well capitalized and profitable. It is fully prepared to accelerate its growth through acquisition as well as through expansion of its product line and geographic sales footprint. The company is currently below the radar for many investors because it is traded on the NASD Bulletin Board, but may not be for long if it continues to report strong results.
A profile, description, or other mention of a company in the newsletter is neither an offer nor solicitation to buy or sell any securities mentioned. While we believe all sources of information to be factual and reliable, in no way do we represent or guarantee the accuracy thereof, nor the statements made herein. THE READER SHOULD VERIFY ALL CLAIMS AND DO ITS OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. This publication accepts compensation from companies that it features. This newsletter should not be regarded as an independent publication. Our editors may, from time to time, acquire positions in the companies that they cover. This could represent a conflict of interest. The CEOcast newsletter shall be under no obligation to inform readers about its trading activities. CEOcast's editors reserve the right to buy or sell shares in these companies at any time. The following companies, featured in this newsletter, have compensated CEOcast: Access Pharmaceuticals, seven thousand five hundred dollars per month and eight thousand seven hundred twenty shares of stock for a six-month program, Advanced Cell Technologies, fifteen thousand dollars per month, Collexis Holdings, twenty thousand dollars per month, CEL SCI Corporation, five thousand dollars and two hundred thousand shares of stock for a one-year program, Digital Angel Corporation, twelve thousand five hundred dollars per month, Generex Biotechnology, five thousand dollars per month and two hundred twenty five thousand shares of stock for a one-year program; CEOcast received five hundred twenty thousand shares from previous agreements, Home Solutions of America, editors of CEOcast have purchased approximately one million nine hundred thousand shares, Hythiam, ten thousand dollars per month and sixteen thousand five hundred shares of stock for a one-year program; CEOcast received sixty-six thousand shares from previous agreements; editors of CEOcast have also purchased approximately one million four hundred twenty-five thousand shares of the company's stock, IceWEB, Inc., ten thousand dollars per month and two hundred thousand shares of stock for a six month program, Multiband Corporation, ten thousand dollars per month and eighty thousand shares of stock for a six month program, MSTI Holdings, ten thousand dollars per month and two hundred fifty thousand shares of stock for a one-year agreement, Pressure Biosciences, twelve thousand five hundred dollars per month, ProLink, seven thousand five hundred dollars per month and one hundred eighty five thousand shares of stock for a one year program, Pluristem Life Systems, ten thousand dollars per month and one million shares of stock for a six-month program, Smart Energy Solutions, fifteen thousand dollars per month for a six-month program, payable half in cash, Tarrant Apparel, seven thousand five hundred dollars per month and sixty thousand shares of stock for a one-year agreement, Telkonet, ten thousand dollars per month and one hundred thousand shares of stock for a one-year program, USA Technologies, ten thousand dollars per month, VoIP, Inc. ten thousand dollars per month and three hundred fifty thousand shares of stock for a one-year program, Seaway Valley Capital, five thousand dollars per month and ten million shares of stock for a one-year agreement, Deer Valley Corporation, fifteen thousand dollars per month.
LA, looks like my 'Yotes' on your picture. Not sure if their season is going to be too good since they can't seem to win at home. How about the Kings? I think for some stupid reason, I am going to hang on to TKO a little while longer. I got some back when it dropped in below $1.50, but I agree with Walrus, that RP is going to have to go. The "betrayal" is sized according to the amount a shareholder owns. Those with a sizable amount have not been stabbed with a knife but rather run through with a 3 foot sword. The hurt is palpable and only some serious management moves will contain the bleeding of this company and possibly show that they are considering the shareholders feelings as being important to them. I will ride a little while longer and see if a good "share price wave" comes that I can surf on.
Good investing!
Good job on your trade this is the only you can make money with this company..Wish I could do that to my 401k but my broker charge me too much money..Ron Pickett is nothing but a DUMB CEO who doesn't know how to run a successful company..RPs past speaks louder than words..
After listening to the CC I wanted to share some thoughts from a newbee...
Long term investors seem burned out by the past. As a new investor, I have not experienced the past sins first hand and only have this CC as my first introduction to RP, Jason et al.
I have read of past over-optimism and PRs that disclosed nothing more than forward looking statements that have not been realized.
As such, just wanted to try and state that as a new shareholder IMO it was not as bad as some have posted (on the IV board)
I think we have all dealt with start up companies trying to get their feet wet with government contracts and the lengthy time frames the process takes. And that doesn't take into account budgetary problems that have come about due to our efforts in Iraq.
I also think RP should be cut some slack as this call was a "business update" call and not a CC based on a qtrly filing yet many have stated that he should have had numbers to share. I think some have confused the intent of the CC
I am willing to give the company another quarter to come up with the goods. Maybe even 2 qtrs.
I suspect that the coming filing will not be great. I suspect some things are beyond the company's control and also suspect that the company may not be as well run as it could be.
But after having sold 80% of my 10/12/07 purchase @ $ 1.80 and now holding 20% in free shares or booking a 26% gain in 3 weeks depending on how you look at it, I am in a position to be more patient than some who may have purchased and held.
I am now of the mind that there will be a rather hard sell off. My only concern now is whether to consider buying back in should it reach a new 52 lo over the coming days. That decision will be based not on forward looking statements but rather on the meat of the SEC filing which I will take the time to read in depth. IMO they will be hard pressed to "snow" the investing public in that forum.
IMO I think, should it reach $1.20 range, then even with poor company performance, it should return a 50% or more return over the next 12 months or less. The key (again IMO) is not holding longer than one should.... booking the profit(s) and then understanding that this is just a story stock and that making money is the name of the game. It has unrealized potential and with stocks such as this it is that potential that one should trade and not the past sins of management.
I, for one, am willing to cut them some slack and continue to hold my current position for the time being.
Heck, in 6 months I may be pulling my hair out along with some of the long (LONG) terms holders but that won't be because I chose to trust management and their forward looking thoughts on the business lol ... it will be due to my falling love with a stock and not booking profits.
Or so sez I lol
GLTA
kp
benduck~tftr~interesting site (http://www.1800905geek.com) have you used them? We don't have one locally but interesting site to check out! Their 24/7 phone service might be the way to go next time I have a problem that didn't require an in-person visit. I assume it is costly?
One has to wonder however, why a relationship could not have been exploited without the dilution. After listening to RP's response to the CC questioner I am still of a mixed mind over this
Ron Pickett, president and chief executive officer of Telkonet, commented, "This strategic investment in one of the fastest growing on-site computer services companies in the country is consistent with our strategy of partnering with best-in-class companies to distribute our products to the market. The market for residential and small business technical support services is growing rapidly and we believe is a high value channel to drive additional distribution of our innovative technologies."
Of course, they did do pretty well with the global investment. I think a $2m return on a 131K investment is nothing to sneeze about lol
From another board (thanks Pat);
Re: here we go----not too good press
so that you do not have to copy and paste into your browser ---here is the article:
Thursday, November 8, 2007 - 2:54 PM EST
Money-losing Telkonet sells investment to raise cash
Washington Business Journal - by Erin Killian Staff Reporter
Telkonet Inc. sold its interest in BPL Global Ltd. for $2 million in cash.
Germantown-based Telkonet, which installs broadband over existing electric lines, said Thursday that in 2005 it had invested $131,000 in BPL Global, a privately held "green technology" company that advises utilities on ways to operate more efficiently. Telkonet's interest was sold to "certain existing shareholders" of BPL Global, which is based in Sewickley, Pa.
The move comes as Telkonet has been trying to get into the black. In its most recent quarterly filing ended June 30, Telkonet (AMEX:TKO) lost $4.6 million, compared with a $7.6 million loss in the same quarter a year ago. Second-quarter revenue was $3.7 million, more than double the $1.2 million in revenue during the comparable quarter.
The company faced threats of delisting from the American Stock Exchange earlier this year and lost two key executives, co-founder Steve Sadle who retired in August and Chief Marketing Officer Robert Crabb who retired in September.
In October, Telkonet paid $4.5 million in stock for a 30 percent stake in Norfolk-based 1-800-905-GEEK, which dispatches computer technicians to homes and small businesses.
Related News
Sansom named COO of BPL Global [Pittsburgh]
Local venture capital slips in Q1, in contrast to national numbers [Pittsburgh]
BPL Global gets $26M in financing round [Pittsburgh]
Telkonet buys stake in 1-800-905-GEEK [Baltimore]
Convention Center to get IP service through powerlines [Tampa Bay]
GLTA
kp
Is this smart moved by the company or not? Any thoughts on this??
Heres my opinion and my opinion only..I think this is a DUMB moved by the company for many reasons but I wont get to that because I am too tired to even think about..My only guess is that this could be worth $10mil by 2010..DUMB phucks!!
************************************
Form 8-K for TELKONET INC
8-Nov-2007
Completion of Acquisition or Disposition of Assets
Item 2.01. Completion of Acquisition or Disposition of Assets.
On November 7, 2007, Telkonet sold its interest in BPL Global, Ltd., a privately-held company, for an aggregate purchase price of $2,000,000 in cash to certain existing stockholders of BPL Global. There were no commissions paid by the Company in connection with this transaction. In early 2005, Telkonet invested a total of $131,044 in BPL Global.
Telkonet Announces Strategic Investment in 1-800-905-GEEK
Companies to Target Residential and Small Business Broadband over Powerline Market
Last Update: 2:25 PM ET Oct 19, 2007Print E-mail Subscribe to RSS Disable Live Quotes
GERMANTOWN, Md., Oct 19, 2007 (BUSINESS WIRE) -- Telkonet, Inc. (TKO, , ) , the leading technology solutions provider for broadband networking, end-to-end service support and energy management, today announced a strategic investment in 1-800-905-GEEK, the nation's premier provider of on-site computer services. Under the terms of the stock purchase agreement, Telkonet has acquired a 30% stake in the company from several stockholders of 1-800-905-GEEK in exchange for 2,940,200 shares of Telkonet common stock valued at approximately $4.5 million. The number of shares issued in connection with this transaction was determined using a per share price equal to the average closing price of the Telkonet common stock on the American Stock Exchange (AMEX) during the ten trading days immediately preceding the closing date. The number of shares is subject to adjustment on the date Telkonet files a registration statement for the shares issued in this transaction, which must be occur no later than the 90th day following the closing date. The up or down adjustment to the number of shares issued will be determined using a per share price equal to the average closing price of the Telkonet common stock on the AMEX during the ten trading days immediately preceding the date the registration statement is filed. The strategic investment is designed to further strengthen the commitment between the two companies to bring Telkonet's family of broadband networking and energy management products to the small business and residential markets.
Earlier this year, Telkonet and 1-800-905-GEEK announced a customized private label product specifically designed for 1-800-905-GEEK's residential and small business markets. This product, the GEEK LINK SYSTEM, is now fully developed, and shipments have already begun to fulfill initial orders.
The GEEK LINK SYSTEM, which is based on Telkonet's in-building powerline communications (PLC) technology, enables high-speed Internet access and IP connectivity using a building's internal electrical wiring. Telkonet has designed a major modification for the GEEK LINK SYSTEM to enable easy installation into the home and small business environments. Whereas Telkonet's commercial version of its PLC technology requires installation by a licensed electrician, the GEEK LINK SYSTEM makes use of a unique technology innovation that will allow the product to interface with the building's electrical wiring by simply plugging it into any ordinary electrical outlet. Once the GEEK LINK SYSTEM is installed and configured, it can be leveraged to enable robust Internet access, security camera, VoIP and energy management applications from any ordinary electrical outlet in the building.
Ron Pickett, president and chief executive officer of Telkonet, commented, "This strategic investment in one of the fastest growing on-site computer services companies in the country is consistent with our strategy of partnering with best-in-class companies to distribute our products to the market. The market for residential and small business technical support services is growing rapidly and we believe is a high value channel to drive additional distribution of our innovative technologies."
About Telkonet
Telkonet specializes in advanced integrated solutions for broadband data networking and energy management, including its highly successful in-building powerline communications (PLC) technology. Headquartered in Germantown, Maryland, USA, Telkonet has over 140 employees and serves thousands of customers worldwide.
The company's unique broadband networking solutions currently support more than a million network users per month, with its energy management systems optimizing energy consumption in over 60,000 rooms. Telkonet's technology innovation is underpinned by the highest level of end-to-end quality of service, with comprehensive technical customer support. Its systems deliver wide-ranging functionality, from wired and wireless high-speed Internet access to energy management, IP surveillance and local area networking. Telkonet's platforms are widely deployed on the global stage - in single buildings and ships, in multi-building complexes, hospitality venues and multi-dwelling units, and at government, education and defense locations.
Telkonet's innovations include the revolutionary Telkonet iWire System(TM), which converts a site's existing internal electrical infrastructure into an IP network backbone - quickly, cost-effectively and without disruption. The portfolio also includes the integrated EthoStream product suite, providing a comprehensive and advanced technology management platform for the hospitality industry, differentiated by outstanding remote management tools and a dedicated customer support facility. Telkonet SmartEnergy completes the line-up, delivering typical bottom line savings of 30% by controlling in-room energy consumption according to occupancy. For more information, please visit www.telkonet.com.
About 1-800-905-GEEK
1-800-905-GEEK (a Geeks On Call Company) is a premier national provider of on-site computer service and solutions in the U.S. Its certified IT professionals provide computer privacy and security solutions, hardware and network installations, troubleshooting, repairs, upgrades, and consulting to homes and businesses alike. Founded in 1999, the company helped pioneer the on-site residential and business IT service concept. Today it has approximately 300 franchises nationwide. Recognized for its growth by Franchise Times and Entrepreneur Magazine, the company was named the #1 new franchise company in America in the January 2006 issue. All 1-800-905-GEEK franchises are independently owned and operated. For more information, visit
http://www.1800905geek.com/.
Statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results, can be found in the Company's Registration Statement and in its Reports on Forms 8-K filed with the Securities and Exchange Commission (SEC).
SOURCE: Telkonet, Inc.
Telkonet
Joe Noel
240-912-1851
or
CEOcast
Andrew Hellman
212-732-4300
adhellman@ceocast.com
or
Garrett Axford
Georgina Garrett/Simon Jones
+44.1903.854900
mail@garrett-axford.co.uk
Copyright Business Wire 2007
Telkonet~AnnouncesBusinessUpdateConferenceCall
9:30a ET November 6, 2007 (Business Wire)
Telkonet, Inc. (AMEX:TKO), the leading technology solutions provider for broadband networking, end-to-end service support and energy management, today announced it will conduct a conference call on Thursday, November 8, 2007 at 2 p.m. EST to provide investors with an update on the growth initiatives at the company.
Ron Pickett, president and CEO of Telkonet commented, "We continued to realize strong top line growth during the September quarter driven by our energy management, hospitality and government systems businesses and we expect this strong top line growth to continue into the December quarter and into 2008. We invite current and prospective investors to join us as we provide a comprehensive update of activities at the company and outline our growth initiatives."
Interested parties will be able to listen to the call by clicking on the following web link: http://viavid.net/dce.aspx?sid=0000484A or by copying the address into an Internet browser. The call will also be available by dialing (480) 629-9562 when calling within the United States or internationally. There will be a playback of the call available until November 15, 2007. To listen to the playback, please call (303)590-3030 when calling within the United States or internationally and enter pass code 3804325.
RX~aren't all geeks well, GEEKS? >>> <jk>
not the same geeks...................rex
I mean, a geek by any other name is still a geek, no?
lol
On a serious note, can anyone direct me to any info on OUR 1-800-geeks?
ALSO... any comments on the CC & results?
tia
kp
not the same geeks...................rex
Question about the Geek deal. They operate out of Best Buy as tech support, will Telkomet i-Wire be available for purchase there?? I noticed they made some changes so that i-wire is more user friendly for in home use. Sound like they may be on the right track now maybe...
Followers
|
32
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
9101
|
Created
|
09/14/04
|
Type
|
Free
|
Moderators |
ABOUT TELKONET
Telkonet (AMEX: TKOI), founded in 1999 and headquartered in Germantown, Maryland, is a leading technology systems application developer of innovative powerline communications (PLC) solutions for the commercial and government markets, establishing a range of patented award-winning systems. Telkonet’s PLC solutions are marketed and sold by resellers throughout the United States, Canada, Europe and Latin America.
The Telkonet iWire System™ delivers wired and wireless broadband network access that is simple and cost-effective to deploy, with secure and reliable connectivity at every electrical outlet. The solution is ideal for any type of commercial building, regardless of the type, age of number of buildings. Telkonet’s leading-edge technology is deployed around the world.
COMPANY WEBSITE
http://www.telkonet.com/
Telkonet, Inc.
20374 Seneca Meadows Parkway
Germantown, MD 20876
Phone: 12409121800
Fax: 14108971144
Sector: Technology
Industry: Communications Equipment
Telkonet’s patented powerline communications (PLC) systems – the Telkonet iWire System and next generation 200 Mbps Telkonet Series 5 – use a building’s existing internal electrical wiring to enable Internet connectivity throughout an entire building, converting electrical outlets into high-speed data ports. This is an ideal solution for properties that are not wired with CAT-5 or where CAT-5 is cost-prohibitive.
The EthoStream Gateway Server (EGS) product line of gateway devices, which are developed in-house, deliver wired or wireless high-speed Internet access, integrating easily with any combination of WAN connections. The EGS products range from a cost-effective gateway for limited use applications to a feature-rich, dual-WAN, scalable gateway for full-service properties.
Telkonet’s energy management systems, Telkonet SmartEnergy (TSE) and Networked Telkonet SmartEnergy (NTSE), reduce in-room energy consumption by controlling heating, ventilation and air conditioning (HVAC) usage based on occupancy. By eliminating unnecessary heating and cooling of vacant rooms, TSE typically reduces energy consumption by 30% or greater.
Telkonet’s proactive support center brings quality of service to a new level with its dedicated, in-house employees, 24/7/365 support, and integrated proactive monitoring and management tools that put property management in control. By integrating the EthoStream Gateway Server and the web-based Telkonet CENTRAL, our in-house support team has real-time visibility into a property’s HSIA usage and data, as well as ISP status.
Telkonet SmartEnergy™ (TSE) controls HVAC usage and improves energy efficiency by adjusting and maintaining a room’s temperature based on occupancy, using a combination of occupancy sensors, intelligent programmable thermostats or packaged terminal air conditioner (PTAC) controllers. TSE eliminates wasteful heating and cooling of vacant rooms without compromising an occupant’s comfort based on our patented Recovery Time™ technology.
Building on the proven capabilities of the TSE system and incorporating Telkonet's unique Recovery Time™ technology, our new Networked Telkonet SmartEnergy (NTSE) advances intelligent HVAC building control with a flexible, resilient and low-cost energy management platform. NTSE utilizes a ZigBee wireless IEE802.15.4 “mesh” network, where each device functions as a wireless repeater and enables energy management thermostats to communicate with each other and aggregate communications up to a single master NTSE Gateway Server on site. NTSE enables central control without needing expensive back-haul wiring. Its key monitoring and analysis features ensure optimum energy savings, giving property owners the tools to identify and implement energy savings, providing total visibility and detailed data about a property's HVAC system and its energy consumption, together with real-time, instant remote management capabilities.
Key features and benefits of NTSE
Telkonet’s proprietary, patented powerline communications (PLC) products harness a building’s internal electrical wiring to form an IP network, turning power outlets into data ports, while leaving the electrical functionality unaffected. Telkonet’s PLC systems – the Telkonet iWire System and the 200 Mbps Telkonet Series 5 – represent a quick, economical, and non-disruptive way to achieve high-speed Internet connectivity throughout a building. Telkonet’s PLC systems offer the hard-wired security and reliability of a CAT-5 cabled network, but without the cost, physical disturbance and business disruption of wiring CAT-5. For properties looking to provide wireless coverage, Telkonet’s systems can be used to feed WiFi access points, which can be connected quickly and simply to any power outlet.
Series 5 Comparison “With 209 sites and limited numbers of IT technicians, we needed a reliable, plug-and-play system that was easy to install, maintain and operate. With Telkonet’s solution, we demonstrated that our own IT staff and contract electricians could install the system…”
Steve Custer, Supervisor CCTV/LAN Networking and A.V. Repair, Hillsborough County School District (SDHC)
Telkonet iWire System
The Telkonet iWire System is a robust networking platform that protects your investment by providing for today’s technologies and expanding for future technologies and applications, with many key benefits.
Low cost – Significantly less expensive than rewiring a building
Quick installation – Completed from hours to days, without construction or disruption
Secure – Data is encrypted and secure from outside intrusion
Hybrid – Delivers wired, wireless or a hybrid solution
Reliable – Patented PLC technology for continuous network connectivity
Scalable – Add users by adding more Telkonet iBridge units
Convenient – Network access at every electrical outlet in every room
Flexible – Supports any device or application using Internet Protocol
Robust – Remote monitoring and management
Compliant – FCC Part 15, UL60950 Listed, and CE approval
Plug-and-play – Easy to connect to the Internet without drivers or software
Applications supported by Telkonet’s PLC system include, but are not limited to: HSIA, local area networking, VoIP phones, video conferencing, closed circuit security surveillance, digital signage, substation monitoring and a host of other information services.
The Telkonet iWire System is used by a wide variety of customers, including:
PLC Product Components
Telkonet’s systems comprise a set of compact building blocks – the Telkonet Gateway, which connects via a router to the site’s external broadband feed, and a Telkonet Coupler that interfaces with a building’s electrical distribution panel. A further unit, the Telkonet eXtender™, can be connected to the Telkonet Coupler to provide additional reach for multi-building sites. To access the Internet, a user simply connects their laptop into a Telkonet iBridge unit.
Telkonet Gateway™ | The "brain" of the system, the Telkonet Gateway converts IP connections to a PLC signal and distributes PLC to the Telkonet Coupler. Through a web or CLI interface, the Telkonet Gateway allows management and configuration of the other Telkonet components. Each Telkonet Gateway supports up to 63 Telkonet eXtenders, 1,023 Telkonet iBridges (users) and up to 4,096 Ethernet endpoints. | |
Telkonet Couplers | The Telkonet Coupler takes the PLC signal from the Telkonet Gateway or Telkonet eXtender and injects that signal into the in-building electrical wiring. Installation of the Telkonet Coupler requires a licensed electrician to meet National Electric Code (NEC) and local electric code standards. Also comes in a model with integrated disconnect switch. | |
Telkonet eXtender™ | The Telkonet eXtender provides additional reach and scalability for networks that cannot be properly covered by a single Telkonet Gateway or multi-building environments. It can be used with wireless radio or wireline networks. | |
Telkonet iBridge™ | The Telkonet iBridge enables a user to connect a computer or IP device to the PLC network. It contains a "test" function to determine the PLC signal strength and has an RJ45 user port connection. |
Telkonet Series 5
Setting unprecedented performance levels for security, speed, QoS and capacity, the Telkonet Series 5 200 Mbps system takes PLC to a new level as a viable networking option for high performance, critical applications, including digital video surveillance, implementations in the utility substation environment, and harsh outdoor commercial installations. Telkonet Series 5 delivers a range of significant performance advances, including the following.
PLC Product Components
Telkonet’s systems comprise a set of compact building blocks – the Telkonet Gateway, which connects via a router to the site’s external broadband feed, and a Telkonet Coupler that interfaces with a building’s electrical distribution panel. A further unit, the Telkonet eXtender™, can be connected to the Telkonet Coupler to provide additional reach for multi-building sites. To access the Internet, a user simply connects their laptop into a Telkonet iBridge unit.
Telkonet Gateway™ – AG5 | The Telkonet Gateway is a remotely manageable network interface that converts Ethernet connections to a power line carrier signal and transmits the signal to the Telkonet Coupler. The Telkonet Gateway allows management and configuration of the Telkonet Series 5 via a web browser or Telnet command line interface. | |
Telkonet Couplers – MVC-200 and DPC-200 | The Telkonet Coupler is wired to the AC or DC low-voltage bus and connected to the Telkonet Gateway with a coaxial cable. The Telkonet Coupler takes the power line carrier signal from the Telkonet Gateway or Telkonet eXtender and injects the signal into the AC or DC electrical wiring. The Telkonet Coupler is also available with an integrated disconnect switch (coupler breaker). | |
Telkonet eXtender™ – AX5 | The Telkonet eXtender provides additional power line carrier signal reach and scalability for networks that cannot be covered by a single Telkonet Gateway. | |
Telkonet iBridge™ – AB5 | The Telkonet iBridge is wired to the AC or DC supply at each point requiring a communications interface. The Telkonet iBridge recovers the power line carrier signal and converts it back into an Ethernet or serial connection for the devices or applications. It contains a test function to determine the power line carrier signal strength. |
The EthoStream Gateway Server (EGS) product line of gateway devices deliver wired or wireless high-speed Internet access and a hybrid solution, integrating quickly and easily with any combination of WAN connections, including T1, DSL, cable modem, fiber and wireless connections. Our comprehensive range of turnkey, standards-compliant gateways meet the requirements of all major hospitality franchises and support a variety of applications, such as VoIP, printing from rooms, surveillance, and point-of-sale terminals.
We provide a complete line of related components, including wireless access points and bridges, Power-over-Ethernet devices, Ethernet switches, DSL equipment and digital video recorder (DVR) equipment, helping you to integrate all of the necessary products into a comprehensive solution.
EthoStream’s support center is directly integrated into the EthoStream Gateway Server and the web-based Telkonet CENTRAL, giving our dedicated, in-house support team and property management real-time visibility into a property’s HSIA usage and data, as well as ISP status. EthoStream leads the hospitality industry in providing innovative, standards-compliant customer solutions and support. Our proactive, responsive, knowledgeable customer support ensures guest satisfaction and retention.
EGS Product Comparison
The EthoStream Gateway Server line of gateway devices provides a simple all-in-one solution for Internet access within a commercial public-access network, while creating a productive work environment and end-user satisfaction.
“This (EthoStream’s Remote Management Console) is an invaluable tool, enabling us to access and monitor all our properties and Internet users from a single location. It is exactly this sort of innovation that puts EthoStream on a different level to other vendors, and is behind our selection of its technology as our preferred option”.
Jeff Henschel, Assistant VP of Technology, Destination Hotels & Resorts
EthoStream Gateway Servers are providing HSIA to more than 2,400 properties, servicing more than 1.9 million users per month, including:
Chairman of the Board
Warren V. "Pete" Musser, 81, has served as Telkonet's chairman of the board since January 2003. Mr. Musser has taken more than 50 companies public during his distinguished and successful career as an entrepreneur. He is currently the managing director of The Musser Group and chairman emeritus of Safeguard Scientifics, Inc. Mr. Musser's distinguished affiliations also included: director of CompuCom Systems, Inc., director of Internet Capital Group, Inc., vice chairman and director of Nutri/System, Inc., vice chairman and director of the Eastern Technology Council, chairman and director of Economics PA, and vice president of development at Cradle of Liberty Council, Boy Scouts of America. Mr. Musser received a BS degree in Industrial Engineering from Lehigh University.
President & Chief Executive Officer
Jason Tienor, 33, is the president and chief executive officer of Telkonet. As the former president and CEO of EthoStream, Mr. Tienor co-founded and grew the HSIA vendor to become one of the largest high-speed Internet providers to the hospitality industry in the nation. Prior to EthoStream, in 2000, Mr. Tienor was co-founder of a Milwaukee-based IT consulting firm. Mr. Tienor received a BBA in MIS and Marketing from the University of Wisconsin – Oshkosh and an MBA with an emphasis on Computer Science from Marquette University.
Chief Financial Officer
Rick Leimbach, 39, is the chief financial officer for Telkonet. Mr. Leimbach joined Telkonet in January 2004, and was appointed as vice president of finance in 2006, and then CFO in December 2007. Prior to Telkonet, from 2001 to 2004, he was the financial controller at UltraBridge, an applications solution provider, headquartered in Maryland. Mr. Leimbach joined the company at the start-up stage, tasked with building up the financial organization. From 1998 to 2001, Mr. Leimbach was corporate accounting manager at Snyder Communications, Inc. – a global organization focusing on design, development and implementation of value-added outsourced marketing services. Rick was involved with consolidating the group's extensive operations and working with the SEC. Mr. Leimbach held various positions within public accounting firms, including the Reznick Group and Wolpoff and Company in Maryland from 1991 to 1998. He holds a degree in Accounting from Towson University, Maryland.
Chief Operating Officer
Jeff Sobieski, 32, is the chief operating officer for Telkonet. From December 2007 to June 2008, Mr. Sobieski served as Telkonet’s executive vice president, energy management. Mr. Sobieski joined Telkonet in March 2007, following the acquisition of EthoStream, where he was CIO. As the former CIO of EthoStream, Mr. Sobieski co-founded and grew the HSIA vendor to become one of the largest high-speed Internet providers to the hospitality industry in the nation. Prior to EthoStream, in 2000, Mr. Sobieski was cofounder of Interactive SolutionZ, a Milwaukee-based IT consulting firm, and from this gained experience in the telecommunications and insurance industries. From 1998 to 2000, he was involved in consulting and system development projects, including the project lead on developing a new software package for GE Medical, and software tools development for North Western Mutual Insurance. Mr. Sobieski received a BS degree in Computer Science from the University of Wisconsin-Oshkosh and his MBA from Marquette University.
Vice President of Global Sales
Jeremy Griesbach, 34, is the vice president of global sales for Telkonet, joining the company in October 2007. Prior to Telkonet, from 2001 to 2007, Mr. Griesbach was the director of business development for a Midwest regional accounting firm, Virchow Krause, focusing on building the tax services group that specialized in state and local use tax, tax credit and incentives. From 1999 to 2001, Mr. Griesbach was business development manager for Metavante, a financial services and software support company. He holds a BS degree in Marketing from Upper Iowa State University.
Vice President of Hospitality Operations
Matt Koch, 31, is vice president of operations for Telkonet. Mr. Koch joined Telkonet in March 2007, following the acquisition of EthoStream, where he was a systems engineer from 2004 to 2007. Prior to EthoStream, from 1998 to 2000 and from 2001 to 2004, Mr. Koch was a system administrator for Geneva OnLine, a regional Internet service provider specializing in wireless broadband Internet access, managing system administration and integration for web hosting, billing systems, and workflow automation. In 2000, Mr. Koch was a system and network administrator consultant in the Silicon Valley for various companies, including Sun Microsystems, Uptilt, and SalesCenter.com, a web-based sales team automation system. He received a BS degree in Business Administration in Management Computer Systems from University of Wisconsin Whitewater.
STOCK TRANSFER AGENT
44 West Lancaster Avenue
Ardmore, PA 19003
Tel: 610 649 7300
Fax: 610 649 7302
www.stocktrans.com
IMPORTANT/CURRENT NEWS
http://www.telkonet.com/newsroom/news_releases.php
RECENT FILINGS
http://knobias.10kwizard.com/filing.php?repo=tenk&ipage=4964217&doc=1&total=&back=2&....
http://knobias.10kwizard.com/filing.php?repo=tenk&ipage=4955247&doc=1&total=&back=2&....
http://biz.yahoo.com/e/070510/tko10-q.html
http://biz.yahoo.com/e/070221/tko8-k.html
http://biz.yahoo.com/bw/070205/20070205005951.html?.v=1
http://biz.yahoo.com/e/060809/tko10-q.html
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001019687-06-001845&Type=HTML
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001019687-06-001946&Type=HTML
http://biz.yahoo.com/e/060906/tko8-k.html
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001019687-06-002101&Type=HTML
http://www.sec.gov/Archives/edgar/data/1094084/000101968706002646/telkonet_10q-093006.htm
SHARES as of June 30,2007 per Q2
OUTSTANDING SHARES: 66,806,986 million
RESTRICTED SHARES: 56,932,926 million
FLOATS: 58,310,000 million
SHARES OWN BY INSTITUTIONAL:10.45%
HOLDERS AS OF 03/14/07////AS OF 9/1-07
Institutions 40 Holders 38 HOLDERS
Mutual Funds 21 Holders 19 HOLDERS
Other Major Holders 48 Holders
STOCKCHART
[chart]stockcharts.com/c-sc/sc?s=TKOI&p=D&yr=0&mn=6&dy=0&i=p03399193280&r=9301[/chart]
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |