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$GTMM has secured its ninth and tenth theater installations with Sichuan Lumiere Cinema Co. Ltd. (Lumiere Pavilions) of Beijing, China. Additionally, Lumiere increased its ButtKicker® deployment in an existing installation.
The two new installations are the LD Auditorium in the Suzhou Huarun theater complex and one in an auditorium in the Chengdu Longhu complex. All 225 seats in the large Suzhou auditorium will be ButtKicker® enabled, representing 18% of that theater complex's 1,247 total seats that will feature Guitammer's 4D solution.
In Chengdu Longhu all 223 seats of one auditorium will be ButtKicker® enabled, representing 11% of that theater complex's 1,980 total seats.
Additionally an existing ButtKicker® installation at Lumiere's Chengdu Raffles complex will be increased by 39 seats.
Lumiere Pavilions Continues To Increase Its Deployment Of Guitammer's Patented "4D" Technology
- Leading Chinese Luxury Cinema Operator Increases Availability of Guitammer's Immersive Entertainment Experience to Nearly 1,900 Seats in Ten Locations Throughout China -
WESTERVILLE, Ohio, SUZHOU, China, and CHENGDU, China, July 23, 2013 /PRNewswire/ -- The Guitammer Company (GTMM), a leader in low frequency sound and creator of the award-winning line of ButtKicker®-brand low frequency audio transducers that provide an immersive entertainment experience for audiences, announced today that it has secured its ninth and tenth theater installations with Sichuan Lumiere Cinema Co. Ltd. (Lumiere Pavilions) of Beijing, China. Additionally, Lumiere increased its ButtKicker® deployment in an existing installation.
The two new installations are the LD Auditorium in the Suzhou Huarun theater complex and one in an auditorium in the Chengdu Longhu complex. All 225 seats in the large Suzhou auditorium will be ButtKicker® enabled, representing 18% of that theater complex's 1,247 total seats that will feature Guitammer's 4D solution.
In Chengdu Longhu all 223 seats of one auditorium will be ButtKicker® enabled, representing 11% of that theater complex's 1,980 total seats.
Additionally an existing ButtKicker® installation at Lumiere's Chengdu Raffles complex will be increased by 39 seats.
Mark Luden, President of Guitammer, stated, "We are proud of the success that our friends at Lumiere Pavilions continue to achieve and are pleased to be an integral part of every one of their new theater complexes as they continue to grow and expand in the burgeoning Chinese movie theater market. We continue to be told by them that the accurate effect produced by our products, their affordability and their ability to be added to any and all types of seating without having to purchase specialty seats make them an attractive and profitable addition to their theaters and an integral part of their customers' overall experience." Luden added, "These theaters, plus the previously announced theaters in Hangzhou, China and Solon, Ohio, bring our total so far this year to four new movie theater auditoriums and over 1,100 new ButtKicker® 4D seats deployed. In addition, we have a sizable pipeline of prospective theater installations around the world that we are working towards securing this year."
Over 10,000 seats at more than 86 entertainment locations in 11 countries are now ButtKicker®-enabled, including movie theaters in the U.S., Russia, South Korea and China. Audiences at these facilities get to experience first-hand the excitement, impacts, special effects and bone-rattling bass that contribute to ButtKicker's proprietary immersive "4D" patent-protected technology.
About The Guitammer $GTMM Company
The Guitammer Company, based in Westerville, Ohio, is a leader in low frequency sound products and technology. Its innovative and award-winning line of patented ButtKicker®-brand low frequency audio transducers let users feel low-frequency sound (bass). ButtKicker® brand products are used around the world by leading entertainment and theater companies such as Alamo Drafthouse, IMAX, Disney and Lumiere Pavilions in movie theaters and attractions; by world-famous musicians; and in home theaters, by consumers for video games, simulators and car audio. ButtKicker® brand products are distributed by Pearl Drums for musicians under the trade name, "Pearl's Throne Thumper by ButtKicker". ButtKicker® brand products' patented design makes them musically accurate, powerful and virtually indestructible.
The Guitammer Company's newly patented broadcast technology, ButtKicker LIVE!®, enables the excitement, impact and feeling of sporting events to broadcast along with the sound and video. ButtKicker LIVE!® puts you into the action, whether you're at home or at the event. ButtKicker Live!® technology is available for cable, satellite, fiber optic, IPTV and over-the-air broadcast and has been successfully tested with several major content (sports) providers. ButtKicker® and ButtKicker Live!® are registered trademarks of The Guitammer Company.
For additional information on The Guitammer Company and detailed product information, visit www.guitammer.com and www.thebuttkicker.com
To like our Facebook page or follow us on Twitter for company updates, visit www.facebook.com/Guitammer and www.twitter.com/Guitammer
About Lumiere Pavilions
Lumiere Pavilions is a cinema investment company specializing in the construction and operation of high-end cinemas in China. Since its establishment, the company has positioned itself as the trendsetter in the industry by way of its global vision, innovative ideas and adoption of advanced technology. Its introduction of the best practices in design, construction, technology, content and service in compliance with international standards has garnered acknowledgement from consumers and given success to the company in establishing itself as an international corporate brand of the highest standards amongst its partners. In the field of movie theatre development, operation and distribution, Lumiere possesses its own unique methodology that has been proven and accepted by the industry.
GTMM nice to see - ask looking very thin
HEY THERE IS NEWS OUT TODAY!!!! I can't believe I did not see the $GTMM action this morning
How no one is buying on a the daily is beyond me. Look at the Specific 2013 Outlook and Focus for $GTMM:
US Core Business Growth:
Continued growth of core business sales in the US markets: online and home theater focused.
Movie Theater Expansion / Joint Marketing Programs:
Growth of US movie theater footprint with joint marketing programs selling ButtKicker brand consumer product to movie theater goers in partnership with movie theater chains.
Continued expansion of China movie theater footprint with Lumière and rollout of joint marketing program with Lumière to Chinese consumers.
Opportunistic expansion of the same joint marketing model with movie theater chains worldwide based on existing partnerships and relationships.
Chinese Market Expansion:
Establishment of formalized sales presence in China for consumer, theater and custom installation sales to the Chinese market.
ButtKicker Live! Tactile Broadcasting Rollout and Adoption:
Broadcast test(s) and rollout with one or more distribution, broadcast and content partners.
Achievement of ButtKicker Live! revenue.
Have you seen the online retailer with the cheapest retail offerings for the $GTMM Product Lines. I have a sibling who is a HUGEEEEEEEEEEEEEEEE GAMER, and would love to see his review of ButtKicker and so forth.
The Guitammer Company $GTMM Announces First Quarter 2013 Results
Established Strategic Industry Relationships to Advance Core Business and Visibility of ButtKicker Live! Broadcast Technology
WESTERVILLE, OH--(Marketwired - May 15, 2013) - $GTMM The Guitammer Company (OTCQB: GTMM), a leader in low frequency sound and creator of the award-winning line of ButtKicker®-brand low frequency audio transducers that provide an immersive entertainment experience for audiences, today announced its results for the first quarter ended March 31, 2013.
2013 First Quarter Financial Highlights and Selected Recent Developments
Net loss decreased by 6% for the three months ended March 31, 2013 compared to the three months ended March 31, 2012.
Total current assets increased 5.9%, or $51,034, to approximately $912,000, as of March 31, 2013 compared to March 31, 2012, attributed primarily to the increase in cash which resulted from the sale of the Company's stock and warrants in March 2013.
Net increase in cash and cash equivalents of $123,001, as of March 31, 2013 compared to March 31, 2012, primarily consisting of net cash provided by financing activities of $230,217 partially offset by net cash used in operating activities of $107,216.
For the three months ended March 31, 2013, revenue totaled $525,427 compared to revenue of $729,137 for the same period a year earlier.
$250,000 of equity investment received from a new Private Placement investor in the first quarter. An additional $515,000 from previous Private Placement investors received subsequent to the quarter end.
Expanded footprint in China with the installation of eighth ButtKicker "4D" theater system for Lumière Pavilions in Beijing.
Entered into a Joint Marketing Agreement with Digital Cinema Destinations Corp. All 300+ stadium seats in one of the largest 3D auditoriums at their Solon Cinema 16 location will be ButtKicker enabled as the initial installation.
Joined D-Tools Manufacturer Vantage Point (MVP) Program.
Partnered with Warner Brothers for this Summer's Release of "Warner Bros. Pictures and Legendary Pictures Pacific Rim" by Oscar® nominee director Guillermo del Toro.
Widened live in-arena game testing of the ButtKicker Live! broadcast technology with major sports league to include two potential broadcast partners.
Began in-depth discussions with additional potential sports league for ButtKicker Live!
Joined Nationwide, the largest buying and marketing organization in North America, with more than 3,500 members operating more than 10,000 store fronts.
ButtKicker products were a Nationwide "Featured SOLUTION" at their Primetime! Buying Show in Las Vegas.
Hired industry veteran National Sales Manager to lead domestic home theater sales initiatives.
Mark Luden, President of Guitammer, stated, "We started off 2013 by significantly raising the visibility of our ButtKicker® technology by strategically partnering with established market leaders. This not only raised immediate brand awareness for our products within the entertainment industry, but also positions us for growth moving forward. In addition, we welcomed our new National Sales Manager, Home Theater, to oversee home theater sales of ButtKicker brand products and generate an increase in domestic sales volumes."
"Furthermore, we increased our footprint of both international and domestic movie theaters, a trend we expect to continue," added Luden. "We expect to launch direct to consumer sales with one or more of our theater operators by the end of Q3 to help position us for Q4 consumer holiday sales.
"Importantly, we continued to progress with our live in-game testing of the ButtKicker Live! broadcast technology and expanded our efforts to include an additional sports partner to help us begin commercializing this technology, potentially this year."
Addressing the decrease in Q1 revenues Luden stated, "The decrease in revenues is primarily attributed to the following factors: the first quarter of 2012 had a sizeable stocking order from an OEM customer and the first quarter of 2013 did not have a stocking order of that magnitude; the first quarter of 2012 had more backorders that had to be fulfilled than the first quarter of 2013; and the economic slowdown in Europe caused certain restocking orders from established distributors to be delayed. However, our net loss decreased by 6%, and our EBITDA loss decreased by approximately $13,845 in the first quarter of 2013, compared to the first quarter of 2012. We do expect to see domestic sales volumes increase throughout the remainder of 2013."
2013 Outlook
2012 Full Year Financial Highlights and Selected 2013 Information for $GTMM:
Revenues rose 64 percent year-over-year to approximately $2.13 million; gross margin was 40 percent.
Approximately $1.7 million was raised in private placements in FY2012 and an additional $250k was raised in Q1 FY2013.
Nearly $1.5 million in debt extinguishment over the past 13 months; interest expense decreased 40 percent, or approximately $187,000, for FY2012 compared to FY2011.
Total debt decreased by approximately $689,000, or 28 percent, to approximately $1.78 million as compared to FY2011.
Modified the State of Ohio loan which has the net effect to reduce Guitammer's monthly payment by approximately $16.5k per month for 2013 and by $14.6k per month for 2014 from the previous schedule. Equates to an annual cash flow enhancement of approx $200k this year and $175k in 2014.
Inventory increased to approximately $629,000 at December 31, 2012, compared to approximately $56,000 at December 31, 2011, reflecting the equity raised and improving operating results.
Total current assets increased over 380 percent, or more than $681,000, to approximately $861,000, reflecting the effects of the debt extinguishment and equity raised.
The working capital deficit was more than halved (a 52 percent reduction) to approximately $1.6 million at the end of FY2012, down from approximately $3.3 million year end 2011.
Regarding $GTMM 2013, Mr. Luden stated, "Our primary aim is to continue to grow our core business sales, focusing on the home theater market in the US, movie theater chains in the US, expansion of our footprint with Lumière in China, establishing a consumer / retail sales presence in China and continuing our commercialization of ButtKicker Live! with one or more broadcast tests and possibly initial rollouts."
Specific 2013 Outlook and Focus for $GTMM:
US Core Business Growth:
Continued growth of core business sales in the US markets: online and home theater focused.
Movie Theater Expansion / Joint Marketing Programs:
Growth of US movie theater footprint with joint marketing programs selling ButtKicker brand consumer product to movie theater goers in partnership with movie theater chains.
Continued expansion of China movie theater footprint with Lumière and rollout of joint marketing program with Lumière to Chinese consumers.
Opportunistic expansion of the same joint marketing model with movie theater chains worldwide based on existing partnerships and relationships.
Chinese Market Expansion:
Establishment of formalized sales presence in China for consumer, theater and custom installation sales to the Chinese market.
ButtKicker Live! Tactile Broadcasting Rollout and Adoption:
Broadcast test(s) and rollout with one or more distribution, broadcast and content partners.
Achievement of ButtKicker Live! revenue.
Volume. That is all I ask for in this moment. I KNOW We will Grow Sales significantly this year. I just want more traders to find this stock. The quicker the action picks up the quicker we get to $1
DId you see the News on $GTMM yesterday wildcard? We are adding to topline SALES bit by bit. I will take any form of growth - at least we are entering another related Niche Industry
Make sure you do your DD by reading the PRs especially the 10-k and recent 10-Q as well as the Corp. PRESENTATION. THose are the MUST-READS. YOu will find it difficult to Not Pull the BUY Trigger afterwards.
I regard it as a Top 3 Trading Opportunity in 2013 with a potential min. of 500% gain. *-0
Great news, on my radar here
Some volume would be good though. Unbelievable what little respect this PATENTED Technology gets while these other pieces of **** get love from hundreds of traders. Just goes to show you it is harder to be a REAL COMPANY with REAL SALES FIGURES than it is to be a lying pump and dump.
You see the $GTMM News out today stockman? I am telling more and more traders to watch this one. If we had liquidity we would already be back above 50 cents. The only SETBACK is the lack of volume. We consistently have REAL GROWTH NEWS - REAL TANGIBLE TOP LINE SALES GROWTH yet traders would rather trade a double zero lotto trade with no substance within the corporation.
What a freaking joke. I will stick to my guns here. This is a top 3 trade for 2013. Anyone doubting this will eat crow. 500%+ to be made here. $10k gets you a Years Salary Reward. It will feel great.
Just one MORE Niche Industry that $GTMM is entering and ONE MORE STORE to add to TOP LINE SALES. We are marching towards HUGE Growth - not really an opinion - a FACT
We have some $GTMM News out bud - http://finance.yahoo.com/news/buttkicker-obutto-expand-joint-marketing-123000411.html
According to Michael Main, President and Co-Owner of Main Performance PC, "ButtKicker gear is simply killer stuff and a must have for every gamer, sim racer and flight simmer. It's the perfect addition to the Obutto line of Gaming Cockpits. I think all of our customers, especially our gaming PC customers, will be interested in adding the realism that ButtKicker offers."
Yeah I talked my wife into letting me install a Buttkicker underneath our bed. Complete with music and light show. She loves it.
Have you bought one yet Mr. G? Do you think this product and the 4D Movement are Game Changers? I think this can be monetized at the Cable Company and X-Box Levels to create a ridiculous platform for sales growth.
boardmarks keep trickling in here. I would love to see those evolve into trading volume increases.
Volume may precede news here - nothing ridiculous but I will have to look back to see if we have volume spikes before any news. Probably not, but something to look into.
Let me know if you are given a heads up and think we will be seeing news either this week or next. I can also contact the corporate $GTMM Office.
Strong Volume early on with 20k traded. Do you have L2 up to show me what $GTMM Depth is looking like right now? Something has to give with this 12m Float.
*******$250,000 of equity investment received from a new Private Placement investor in the first quarter. An additional $515,000 from previous Private Placement investors received subsequent to the quarter end.
******Expanded footprint in China with the installation of eighth ButtKicker "4D" theater system for Lumière Pavilions in Beijing.
Entered into a Joint Marketing Agreement with Digital Cinema Destinations Corp. All 300+ stadium seats in one of the largest 3D auditoriums at their Solon Cinema 16 location will be ButtKicker enabled as the initial installation.
***********Joined D-Tools Manufacturer Vantage Point (MVP) Program.
Partnered with Warner Brothers for this Summer's Release of "Warner Bros. Pictures and Legendary Pictures Pacific Rim" by Oscar® nominee director Guillermo del Toro.
*******Widened live in-arena game testing of the ButtKicker Live! broadcast technology with major sports league to include two potential broadcast partners.
********Began in-depth discussions with additional potential sports league for ButtKicker Live!
***********Joined Nationwide, the largest buying and marketing organization in North America, with more than 3,500 members operating more than 10,000 store fronts.
ButtKicker products were a Nationwide "Featured SOLUTION" at their Primetime! Buying Show in Las Vegas.
Hired industry veteran National Sales Manager to lead domestic home theater sales initiatives.
Mark Luden, President of Guitammer, stated,
Did you ever get around to reading up on the $GTMM 10-K, 10-Q, and Presentation/Fact Sheet?? I am telling you this is a diamond in the rough in this scam-centric small cap land. We have ourselves a TRUE Winner.
IF you can buy at under 15 cents then consider yourself lucky and just wait for the 500% gain
was this a legends trading selection a few months back? 20% over what time frame? tia
We need to turn this volume and trading atmosphere around. My favorite stock right now is having a tough time gaining some ADV traction.
$GTMM does not deserve this. Some real pos' have great action and no real value to offer. THe opposite can be said here.
Which product or all-in-one kit do you want? http://www.thebuttkicker.com/lfe-kit.php
You can ADD TO CART on those links and buy through other wholesalers as well. Let me know if you have a problem. I can smooth out any situation.
Read this on-fire - http://gtmm.qualitystocks.net/presentation/
The answer is YES as well.
Are these available for purchase yet?
Were you able to obtain a buttkicker yet? The product is getting stellar reviews - it is a GameChanger and patented.
I really wish I had paint to keep this baby green and get us moving soon. Then again, I would like to own more here.
It would be great if the recent buys were FORM 4 Insider Buys just as in JUNE. Insider Buys would bring more buzz, build confidence, and create a Bigger and Quicker Explosion imo.
Is this you buying the past few days heloppios?
are you still in this Zip? I am expecting this to gain traction again soon.
Nice to see the Spread looking like this. I can not stand anything over a 5 cent spread. This creates a much better trading atmosphere. $GTMM.......can not beeellliieevvveeee other stocks get more attention than this one at this juncture.
New Traders Here are UNAWARE of the Private Placement - MILLIONS OF DOLLARS to wipe out debt and develop products, technologies, and sales.
Everyone needs to read the corp presentation and previous PR's eh
You see the ACCUMULATION we have been incurring here? http://stockcharts.com/h-sc/ui?s=GTMM&p=W&b=5&g=0&id=p90974033664
There we go. Bid x Ask TIghtening up now and we get some action at $.17. Can you post an L2 ScreenShot if you have it up right now quickdraw????
L2 check this $GTMM Piece out. It reinforced why I have accumulated here and why i will CONTINUE TO ADD to my stash. If this does not sink in then maybe a bigtime contract/partnership PR will.
$GTMM Fact SHeet - http://gtmm.qualitystocks.net/presentation/
give me your thoughts once you have perused it. tia
I can't believe the Bid has not gone up from $.12 - That is an absolute steal of a price. Nearly 900% ROI potential from there imho.
Even a hundred bucks here and there at that price is Well worth it.
QS do you foresee a $GTMM PR/Update this week? I feel that with our population of initiatives and objectives (new and current) that we should have a boatload of press ready to hit. I am VERY excited to be here.
Just laying the facts out is all :-0
it would be best if you read through the presentation just posted on here as well as the 10q as it may contain New information -
Here is the $GTMM Corporate Presentation -
http://gtmm.qualitystocks.net/presentation
Very much appreciated QS. This is exactly what I was looking for. I am reviewing it now. I am sure there are a few updates that could be made as recent initiatives/objectives are created.
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To request a detailed,12-page investor kit, visit http://dtg.fm/gtmm
Corporate Headquarters 116 East 16th Street 11th Floor New York, NY 10003 212-835-8500 gtmm@jcir.com |
The Guitammer Company's newly patented broadcast technology, "ButtKicker LIVE!® " enables the "excitement", "impact" and "feeling" of sporting events to broadcast along with the sound and video. ButtKicker LIVE!® puts you into the action, whether you're at home or at the event.
ButtKicker Live! technology is available for cable, satellite, fiber optic, IPTV and "over-the-air" broadcast and has been successfully tested with several major content (sports) providers.
The ButtKicker low frequency transducer accurately reproduces bass and special effects from the subwoofer and .1 LFE sound tracks.
The ButtKicker "shakes" your couch or home theater seating precisely in sync with your movie, music or game.
Now you can enjoy powerful bass, realistic special effects and concert quality music without disturbing the neighbors or waking the kids.
The ButtKicker Gamer lets you feel all of the action from your games and simulators.
Feel the gut-wrenching punch of machine-gun fire, the pounding of chopper blades, explosions, racing engines, gear shifts, rumble strips, landing gear, engine throttle and more.
Turn down or turn off your subwoofer and still feel all the bass - even while using headphones.
The original ButtKicker transducer was designed for musician's monitoring. ButtKicker brand products help musicians' timing an syncronization by allowing them to feel the low-end beat.
Pearl Drums recently released the Pearl Throne Thumper, by ButtKicker, a co-developed product.
ButtKicker 4D theaters captivate audiences.
Viewers can now feel all the excitement - impacts, special effects and bone-rattling bass. No special encoding is required.
ButtKicker® brand products are used in movie theaters, simulation rides, dance floors, 4D theaters, planetariums, science centers, amusement parks and attractions all over the world to thrill and entertain.
Nearly 10,000 seats in 12 countries for 84 screens are equipped with ButtKicker-brand products.
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