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I'm not surprised it faded from the spike. This is a tiny nano cap company. It will take actual earnings of .01 to .02/qtr for several qtrs to get this close to a reasonable market cap. I think it has a chance but I've been disappointed before with NCI.v. I have a bid in for .12, in case it drops that low before earnings for Q2 are released.
NCI.v 0.15, NYWKF 0.20, it looks like a great pick. The thing is just that these new contracts are only at LOI stage yet, hopefully they will come through with them. Initially before I looked at it, I didn't even realize that these are not sure contracts yet.
BNLB
Been buying some BNLB under .10 this week when I could get the chance. Here is what I like.
1) Ignoring the 1 time charge. Earning .0104 a share, which is not bad for a stock under .10.
2) Secondly the company it very optimistic about it's expansion and growth going forward.
3) Revenues this past quarter were at record levels and increased over 22% y/y.
4) Possible up listing after reverse split.
Conclusion: I will continue to buy some more BNLB on weakness, but plan on keeping the position very small based on liquidity. All is just my opinion, and I could always be wrong though.
no, still holding. Was on a relatively unsuccessful fishing trip so wasn't checking the computer much.
NCI, huge pullback lately. Did you sell at 20 cents Bob? Will be interesting if it fills that gap at 10 cents. I read there are some foreign note sellers active in selling since the stock climbed up, I haven't yet read their filings.
NCI.v/nywkf +.05 to .21 NTG is very cheap, even at .21.
But it's doubled in two days so there could be a pause and trading volume is an issue when the dust settles from these big contract announcements.
First qtr with any $$ from the new contracts will be Q2 ending 6/30. That will be reported mid August but won't be a full qtr. Still it should give us an indication of the profit margins for NTG on these new contracts. Gross margins have varied depending on whether they were selling licenses to software at very high margins or combinations of equipment and software. So will the new contracts be in the 50% margin range or closer to 40%. That will make a huge difference in net. Also how much help do they have to hire to complete these contracts? All questions that can't be answered until we see more info.
Still NCI.v is very cheap and profitable before all this good news so that should provide a basis for future upside. My original concerns were trading liquidity and a/r quality. Again, we need more time to see if those two issues improve.
Bob has many followers ... so
you also need to factor us ... Bob-ophiles
... into the buying ... ((<: }
On the other hand, one could argue that
us Bob-ophiles are nearly bankrupt and
very short on cash at present ... ))<: }
NCI.v/NYWKF +.065 to C$.16 Didn't see this. Ok so this is fantastic news. TOTAL gross revs last year were 5 million bucks so they have announced 1.2, 4.2 and now 3.8 million in new contracts since Q1 ended. Work going to be completed in 10 months so should start hitting P&L pretty quickly.
TORONTO, ONTARIO--(Marketwired - June 3, 2013) - NTG Clarity Networks Inc., (TSX VENTURE:NCI) is pleased to announce the Company received a Letter of Intent from a leading mobile operator in the Gulf region to provide software development resources. 70% of the resources are for a 6 month renewal for ongoing work and the other 30% is to work on a new project with the expected completion within 10 months. The contract value is approximately CAD $3.8 Million.
"NTG has been working hard in the last few years to establish ourselves as a leading provider of quality Telecom software products and services in the Gulf region. The last few announcements reflect the increasing satisfaction and confidence of our customers in our wide expertise in telecom systems and operators requirements." said Ashraf Zaghloul, NTG Clarity's Chairman & CEO.
About NTG Clarity Networks
NTG Clarity Networks' vision is to be a global leader in providing networking solutions. Established in 1992, NTG Clarity is a leader in Canada in delivering networking, IT and network enabled application software solutions to network service providers and large enterprises. More than 200 network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading network service providers and enterprises.
Contact:
NTG Clarity Networks Inc.
Ashraf Zaghloul
Chief Executive Officer and Chairman
(905) 752-0469
(905) 305-1325
azaghloul@ntgclarity.com
www.ntgclarity.com
NCI, the pop was because of contract news today. Nice.
nci.v/nywkf +.06 to C$.155
nice pop. This has low liquidity so 647K is a lot of trading. Will be interesting to see if they can hold this price until the next earnings report.....or if they report more new contracts and pop it more.
NCI.v/NYWKF C$.10
NTG Clarity is a Canadian company that provides software for the telecom industry. They are focused on the Middle East and recently announced several new contracts.
2012 annual revs were 5.0million with profits of 776K or .026eps/.023eps FD.
29,468,391 shares outstanding, 33,713,891 FD
This year, they announced two significant contract wins of 1.2 and 4.2 million dollars that will roll out over the next 12 months. This is a huge jump that should propel gross revs upwards by close to 100% over the next year. Q1 gross revs were around 1.4 million with profits of 202K. Since they are already profitable and the gross margin for 2012 was close to 50%, these new contracts should be very profitable for NTG.
http://www.stockhouse.com/companies/stories/v.nci/8875966
http://www.stockhouse.com/companies/stories/v.nci/8861010
http://www.stockhouse.com/companies/stories/v.nci/8870716
I bought today at .10. There isn't much liquidity and the stock was at around .06 before the recent announcements so I'm not one of the early birds but if these results move to the P&L, the stock should still see a big updraft. Even based on 2012 numbers, it is dirt cheap at 4X 2012 actual FD eps.
So overall this stock is very cheap and has big growth coming in 2013-14. The balance sheet has a big amount of slow moving a/r. 3million in a/r versus 5 million gross sales means a/r is taking 216 days to collect. There is bank indebtedness but doesn't appear to be an actual bank credit line but book overdrafts. So liquidity is a big risk and if they had to charge off any of the slow receivables, profits could disappear quickly.
I have followed the company for several years. I owned it a few years ago but sold because sales stagnated. Liquidity of the stock is a big issue. I think we are entering a period when the stock will trade more but it depends on the P&L results.
BKYI at new high of .23 ...
BIO-key(R) International, Inc. Announces First Quarter 2013 Earnings
Symbol Price ... Change
BKYI ..... 0.23 ..... 0.00
WALL, NJ--(Marketwired - May 7, 2013) - BIO-key International, Inc. (OTCQB: BKYI), a global leader in fingerprint biometric identification solutions, advanced mobile credentialing and identity verification technologies, today reported that the company plans to release first quarter Fiscal 2013 financial results on Wednesday, May 15, 2013. In conjunction with the release, BIO-key has scheduled a conference call, which will be broadcast live over the Internet on Wednesday, May 15th, 2013 at 10:00 a.m. Eastern Time.
BNLB.. $0.092.. Bond Labs Strengthens its Credit Facility....
OMAHA, Neb.--(BUSINESS WIRE)-- Bond Laboratories, Inc. (OTCBB:BNLB) (“Bond Labs”), an international provider of innovative and proprietary nutritional supplements for health conscious consumers, marketed primarily through its wholly owned operating division, NDS Nutrition Products (“NDS”) www.ndsnutrition.com, today announced that the Company has once again improved the terms of its existing line of credit with U.S. Bank. The new agreement increases the Company’s borrowing capacity by 50%, from $2,000,000 to $3,000,000 and further reduces the effective rate of interest on the credit line.
“U.S. Bank remains a committed partner in Bond’s continued growth. The newly expanded credit facility is further validation of the Company’s strong anticipated future growth prospects,” stated Bond Labs’ CEO, John S. Wilson. “The expanded facility will provide the Company with the flexibility to seize current and future growth opportunities both domestically and internationally. With over 1,600 international GNC franchise stores in 53 different countries, this is just the beginning of what we anticipate will be a huge opportunity to increase the Company’s distribution footprint,” concluded Mr. Wilson.
About Bond Labs
Bond Laboratories is a manufacturer of innovative nutritional supplements. The Company produces and markets products through its NDS Nutrition division. NDS’ products number over 50 brands of energy, sports and dietary supplements. These products are sold directly through specialty health and nutrition retailers, including top-selling products at GNC® franchises. Bond Labs is headquartered in Omaha, Nebraska. For more information, please visit http://www.bond-labs.com.
Forward-Looking Statement
Statements in this release that are forward looking involve known and unknown risks and uncertainties, which may cause the Company’s actual results in future periods to be materially different from any future performance that may be suggested in this news release. Such factors may include, but are not limited to: the ability to of the Company to continue to grow revenue; the Company’s ability to continue to achieve positive cash flow given the Company's existing and anticipated operating and other costs; and the outcome of the Company’s pending litigation with the U.S. Department of Labor and our former President alleging violations of certain unlawful employment practices in connection with his separation from the Company. Many of these risks and uncertainties are beyond the Company's control. Reference is made to the discussion of risk factors detailed in The Company’s filings with the Securities and Exchange Commission, including its reports on Form 10-K and 10-Q. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.
Surety Financial Group, LLC
Bruce Weinstein, 410-833-0078
Source: Bond Laboratories, Inc.
Copyright Business Wire 2013
CONX.. $0.225 Corgenix Gains CE Mark for ReLASV® Antigen Rapid Test for Diagnosis of Lassa Fever....
Point-of-care diagnostic test enables rapid detection of deadly Lassa viral hemorrhagic fever and related bioterrorism threat
DENVER--(BUSINESS WIRE)-- Corgenix Medical Corporation (OTC BB: CONX), a worldwide developer and marketer of diagnostic tests for cardiovascular disease, liver biomarkers and emerging pathogens and lethal viruses, today announced that notification of CE Mark was received for its ReLASV® Antigen Rapid Test for Lassa Fever diagnosis.
ReLASV is the first commercialized diagnostic test developed by Corgenix and other members of the Viral Hemorrhagic Fever Consortium (VHFC), a collaboration of academic and industry members headed by Tulane University partially funded with support from the National Institutes of Health (NIH). The new test kit enables rapid diagnosis of Lassa viral hemorrhagic fever, a highly infectious virus responsible for thousands of deaths each year across West Africa. The Lassa virus is considered a Category A (highest risk) pathogen and potential biowarfare agent by the National Institute of Allergy and Infectious Diseases (NIAID).
“This 15-minute test has the potential to completely change the way Lassa fever is detected and treated,” said Douglass Simpson, Corgenix President and CEO. “Instead of having to wait days to find out if a patient has Lassa fever, health care workers are now able to diagnose and treat Lassa infections in the early acute stage, potentially saving many lives.”
Lassa fever is a dangerous, often fatal disease common to much of West Africa with children and pregnant women being the highest risk groups; early stages of the disease are difficult to distinguish from other diseases. Lassa fever is spread by contact with infected rodents and is estimated to infect 300,000 to 500,000 people per year across the region, with at least 5,000 deaths reported annually. The illness is characterized by bleeding and coagulation abnormalities, with mortality rates reported exceeding 25 percent and reaching 50 percent during epidemics.
CE Mark notification was achieved following successful completion of a multi-year study of the clinical utility of the test to evaluate patients presenting with clinical symptoms of Lassa hemorrhagic fever. Corgenix will advance the ReLASV Antigen Rapid Test into full commercialization this year.
Under grants or contracts awarded in the past five years, the VHFC has developed and patented new recombinant proteins for Lassa virus and developed several viral detection products. The Consortium will continue its research activities in Sierra Leone, Nigeria, and other West African countries, advancing other laboratory tests for Lassa and other tropical viral diseases. The research will also assess the potential impact these new generation diagnostic products have on significantly reducing mortality rates through earlier treatment.
VHFC Lassa products have not yet been cleared for use in the United States by the U.S. Food and Drug Administration (FDA).
About Corgenix Medical Corporation
Corgenix is a leader in the development and manufacturing of specialized diagnostic kits for immunology disorders, vascular diseases and bone and joint disorders, including the world’s only non-blood-based test for aspirin effect, and is active in the development of technology and products for emerging pathogens such as the viral hemorrhagic fevers. Corgenix diagnostic products are commercialized for use in clinical laboratories throughout the world. The company currently sells over 50 diagnostic products through a global distribution network and has significant experience in product submissions to the FDA and other worldwide regulatory authorities. Additionally Corgenix contract develops and manufactures products for key medical and life science companies in state-of-the-art facilities in Colorado. The company operates under a Quality Management System that is ISO 13485:2012 certified and compliant with FDA regulations. More information is available at www.corgenix.com.
About the Viral Hemorrhagic Fever Consortium
The Viral Hemorrhagic Fever Consortium was established in 2010 as a result of several multi-year grants and contracts awarded to Tulane University by the National Institute of Allergy and Infectious Diseases (NIAID), part of the National Institutes of Health (NIH), to support Tulane's ongoing efforts to treat and prevent Lassa fever. The goal of the Consortium is to understand mechanisms related to the human immune response to Lassa virus infection. Specifically, by understanding what parts of the virus are recognized by the immune system, scientists can better understand mechanisms of antibody-mediated protection or pathogenesis in humans with Lassa fever. Consortium efforts have focused on the development of new recombinant proteins for Lassa virus diagnostic products, which have shown to be extremely effective in clinical settings in Africa. This progress is allowing a transition of efforts towards instituting better treatment of affected individuals and ultimately prevention of Lassa fever altogether. The Consortium is a collaboration between Tulane, The Scripps Research Institute, Broad Institute, Harvard University, University of California at San Diego, University of Texas Medical Branch, Autoimmune Technologies LLC, Corgenix Medical Corporation, Vybion, Inc, the Kenema Government Hospital (Sierra Leone), the Irrua Specialist Teaching Hospital (Nigeria) and various other partners in West Africa. More information is available at www.vhfc.org.
The development and clinical testing of the Lassa products has been funded by NIAID to develop recombinant proteins for Lassa virus. The information contained in this press release does not necessarily reflect the position or the policy of the U.S. Government, and no official endorsement should be inferred.
Company Contact:
Corgenix Medical Corp
William Critchfield, 303-453-8903
Senior VP Operations and Finance and CFO
wcritchfield@corgenix.com
or
Media Contact:
Armada Medical Marketing
Dan Snyders, 303-623-1190 x 230
Vice President, Public Relations Supervisor
dan@armadamedical.com
Source: Corgenix Medical Corporation
PYDS.. $0.0901... Insider Selling or stock price distruction..???..
04/30 16:44 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Apr 26 Filed by: HOCH LOUIS A
04/16 13:48 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Apr 12 Filed by: HOCH LOUIS A
04/12 10:44 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Apr 10 Filed by: HOCH LOUIS A
04/05 10:05 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Apr 03 Filed by: HOCH LOUIS A
04/03 13:59 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Apr 01 Filed by: HOCH LOUIS A
04/01 17:49 GLUS PYDS 3 CORRECTING and REPLACING -- Payment Data Systems Reports 2012 Fiscal Year Results
04/01 17:00 GLUS PYDS 3 Payment Data Systems Reports 2012 Fiscal Year Results
03/29 12:38 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Mar 27 Filed by: HOCH LOUIS A
03/20 17:03 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Mar 15 Filed by: HOCH LOUIS A
03/15 17:49 EDGR pyds 1 Form 4 PAYMENT DATA SYSTEMS For: Mar 13 Filed by: HOCH LOUIS A
03/13 12:08 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Mar 11 Filed by: LONG MICHAEL R
03/13 11:47 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Mar 11 Filed by: HOCH LOUIS A
03/12 15:58 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Mar 08 Filed by: HOCH LOUIS A
03/07 17:38 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Mar 01 Filed by: HOCH LOUIS A
02/28 18:49 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Feb 28 Filed by: HOCH LOUIS A
02/22 16:44 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Feb 20 Filed by: HOCH LOUIS A
02/19 16:32 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Feb 14 Filed by: HOCH LOUIS A
02/11 10:29 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Feb 05 Filed by: HOCH LOUIS A
02/04 19:51 EDGR pyds 1 Form 4 PAYMENT DATA SYSTEMS For: Jan 30 Filed by: HOCH LOUIS A
01/29 14:32 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Jan 25 Filed by: HOCH LOUIS A
01/25 16:36 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Jan 23 Filed by: HOCH LOUIS A
01/22 16:26 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Jan 17 Filed by: HOCH LOUIS A
01/22 16:26 EDGR PYDS 1 Form 424B3 LendingClub Corp
01/17 17:07 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Jan 15 Filed by: HOCH LOUIS A
01/17 07:00 GLUS PYDS 1 Payment Data Systems Announces Record Transaction Growth for 2012
01/14 17:19 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Jan 10 Filed by: HOCH LOUIS A
01/10 17:02 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Jan 07 Filed by: HOCH LOUIS A
01/08 15:47 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Jan 04 Filed by: HOCH LOUIS A
01/08 15:47 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Jan 04 Filed by: HOCH LOUIS A
01/07 08:00 GLUS PYDS 1 PDS Announces the Availability of iRemotePay(TM), the Secure iPhone Mobile Payment App for iPhone, iPad, and iPod touch
01/03 17:01 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Dec 28 Filed by: HOCH LOUIS A
01/03 17:01 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Dec 28 Filed by: HOCH LOUIS A
01/03 16:54 EDGR PYDS 1 Form 4/A PAYMENT DATA SYSTEMS For: Dec 20 Filed by: HOCH LOUIS A
01/03 16:54 EDGR PYDS 1 Form 4/A PAYMENT DATA SYSTEMS For: Dec 20 Filed by: HOCH LOUIS A
01/03 16:49 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Dec 19 Filed by: HOCH LOUIS A
01/03 16:49 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Dec 19 Filed by: HOCH LOUIS A
12/27 18:01 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Dec 20 Filed by: HOCH LOUIS A
12/27 18:01 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Dec 20 Filed by: HOCH LOUIS A
12/18 11:32 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Dec 13 Filed by: HOCH LOUIS A
12/18 11:32 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Dec 13 Filed by: HOCH LOUIS A
12/07 17:24 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Dec 05 Filed by: HOCH LOUIS A
12/07 17:24 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Dec 05 Filed by: HOCH LOUIS A
12/05 12:02 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Dec 03 Filed by: HOCH LOUIS A
12/05 12:02 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Dec 03 Filed by: HOCH LOUIS A
11/30 13:54 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Nov 28 Filed by: HOCH LOUIS A
11/30 13:54 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Nov 28 Filed by: HOCH LOUIS A
11/29 17:07 EDGR PYDS 1 Form 8-K PAYMENT DATA SYSTEMS For: Nov 27
11/29 17:07 EDGR PYDS 1 Form 8-K PAYMENT DATA SYSTEMS For: Nov 27
11/27 17:38 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Nov 26 Filed by: HOCH LOUIS A
11/27 17:37 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Nov 26 Filed by: HOCH LOUIS A
11/21 17:56 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Nov 15 Filed by: HOCH LOUIS A
11/16 16:02 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Nov 15 Filed by: Keller Kenneth Wayne
11/14 17:30 BWUS PYDS 4 PYDS Reports Record Earnings for Third Quarter of 2012
11/14 17:21 EDGR PYDS 1 Form 10-Q PAYMENT DATA SYSTEMS For: Sep 30
11/14 16:28 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Nov 09 Filed by: HOCH LOUIS A
11/08 17:19 EDGR PYDS 1 Form 4 PAYMENT DATA SYSTEMS For: Nov 05 Filed by: HOCH LOUIS A
HIIT hits new high of $0.297 ...
HIIT = HII Technologies
provides fracking services in USA
HIIT hits new high of .225 ...
up .015
HIIT = HII Technologies
provides fracking services in USA
BKYI up .02 to .205 on 4X vol ...
new 2-year high ...
BKYI seeks to replace passwords with fingerprints
BKYI = BIO-key International
VSTI.. $0.12..Western Maryland Health System Expands Use of Versus RTLS to Enhance Staff Safety
Visibility™ Staff Assist Solution Deployed in Behavioral Health Unit
TRAVERSE CITY, Mich., April 9, 2013 /PRNewswire/ -- Western Maryland Health System (WMHS) has recently expanded use of its Real-time Locating System (RTLS) from Versus Technology, Inc. (Pink Sheets: VSTI.PK), using their existing sensory network to implement the Visibility™ Staff Assist solution. Deployed in WMHS' Behavioral Health Unit, Staff Assist provides a mobile, location-aware call button for caregivers.
According to the U.S. Department of Justice's National Crime Victimization Survey conducted 2005 to 2009, mental health occupations had one of the highest rates of workplace violence, second only to law enforcement. A 2011 survey by the Emergency Nurses Association found panic buttons to be one of the only environmental measures associated with a lower rate of workplace violence in healthcare.
Because WMHS is committed to enhancing the safety of its staff, the hospital sought to improve safety protocols for behavioral health workers. They selected Versus' Staff Assist solution because it could easily be added to their existing RTLS network, says Jeffery D. O'Neal, LCPC, the systems director for WMHS' Behavioral and Occupational Health Services department.
WMHS, located in Cumberland, Md., has been using Versus' RTLS since 2009 for asset tracking, patient tracking and egress control. By leveraging the existing RTLS sensory network in the Behavioral Health Unit, implementation of Staff Assist involved only installing software and providing Versus Clearview™ Badges, equipped with call buttons, to staff members.
"We saw an opportunity to expand the Versus system using the same sensors," explains O'Neal. "By providing badges to our staff, if they find themselves in a precarious situation with an aggressive or threatening patient, they are able to push the button on the badge and trigger what we call a 'code green,' or a crisis response team."
When a badge button is pressed, the Staff Assist software sends a pop-up alert showing both the staff member's name and location to workstations in the facility's call center, as well as to the nurse's station and Ascom phones. The person's current location is also highlighted on Versus' Enterprise View™ Floorplan, which displays a map of the unit. Call Center workers then call the code, knowing both the name and exact location of the staff member in crisis.
O'Neal says the mobile panic button provided by Staff Assist is an improvement over previous safety protocols. "Staff would have to use their portable telephone to call a code," he says, "which they may not have been able to do if they were being attacked by a client."
Staff members in WMHS' Behavioral Health Unit feel the system has not only improved safety, but also morale. "Working in the behavioral health unit can be stressful," says Vicki Svensson, RN, nurse manager. "Knowing that our hospital places priority on our safety, and gives us a way to call for help, really helps ease our minds as we care for our patients."
The success WMHS experienced in improving patient safety with Versus' RTLS led them to consider the Staff Assist solution. "The thing that has impressed me the most is how accurate the system is," O'Neal says. "We've had patients who have tried leaving the behavioral health unit, and using Versus [for egress alerts], we're always able to get the patient right in the main hall. We have not had any elopements from our unit since we started using Versus. From a safety perspective, that's huge."
By utilizing the same network for multiple applications — asset tracking, patient tracking, egress control, and now Staff Assist — WMHS significantly lowers the total cost of ownership for their RTLS.
As a bonus, Staff Assist was paid for with a patient safety grant. "Our health system had already made a commitment to support the expansion of the Versus system, but it being paid for by a grant was great," O'Neal says.
Life Safety Solutions Integrators, a Certified Versus System Integrator located in Timonium, Md., installed and provides ongoing support for the Versus sensory network.
About Western Maryland Health System
The Western Maryland Health System (WMHS) in Cumberland provides a wide range of healthcare services along the continuum of care for residents in Allegany and Garrett Counties in Maryland and surrounding counties in West Virginia and Pennsylvania. WMHS includes the Western Maryland Regional Medical Center, a 275-bed facility that opened in November 2009. Other components include a nursing home, outpatient diagnostic centers, and a network of urgent care clinics, primary care centers and physician practices. www.wmhs.com
About Life Safety Solutions Integrators
Life Safety Solutions Integrators is a solutions provider of low-voltage electronics and life safety systems for government, education, healthcare and business in the Greater Washington D.C., Northern Virginia and Maryland areas. Since 1978, LSSI has been engineering, installing and maintaining fire alarms, intercoms, security systems, nurse call systems and much more. Learn more at www.lifesafetysystems-lss.com.
About Versus Technology, Inc.
Established in 1988, Versus Technology, Inc. specializes in real-time location systems (RTLS) for healthcare. Used by more than 700 hospitals for enterprise patient tracking, bed management, asset tracking, and nurse call automation, Versus improves patient flow and documentation of caregiver and patient interactions, while enhancing communication and efficiency. Exclusively endorsed by the American Hospital Association, the Versus infrared (IR) and Active RFID solution is responsible for clinical-grade location and automation at a number of hospitals, clinics and long-term care facilities worldwide. To learn more about Versus Technology, Inc. (Pink Sheets: VSTI.PK), our technology and client successes, visit versustech.com and view our RTLS Demo.
Safe Harbor Provision
This release may include forward-looking statements which "bespeak caution," and which are subject to risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. The statements are made only as of the date of this release, and the Company undertakes no obligation to update them to reflect subsequent events or circumstances.
Media Contact:
Investor/Analyst Contact:
Versus Technology, Inc.
Versus Technology, Inc.
Stephanie Bertschy, Director of Marketing
Joseph Winowiecki, Chief Financial Officer
877.983.7787
231.946.5868
skb@versustech.com
joew@versustech.com
GLMB $0.133 Looks like this Low Floater,, Obscure stock is getting some love today.. hank
Global MobileTech Announces Earnings Guidance for Fiscal Q3, 2013
SPOKANE, Wash., April 9, 2013 (GLOBE NEWSWIRE) -- Global MobileTech, Inc. (OTCBB:GLMB), a leading Web and mobile communications service provider in Asia, announced today that its earnings per share for the quarter ended March 31, 2013 is expected to be in the range of $0.04 to $0.05 based on 8,661,991 shares of common stock outstanding as of March 31, 2013.
The Company anticipates its earnings per share for the full fiscal year ending June 30, 2013 to be between $0.16 and $0.18. This guidance is based on the results the Company had achieved for the first six months of fiscal 2013, the preliminary third quarter results and the expected revenue of approximately $17.5 million compared to $15.4 million in 2012.
Global MobileTech's revenues and earnings are expected to further increase for fiscal 2014 following the commercial roll out of Cliq2Talk, a real-time multimedia communication service anticipated during June 2013. The service brings together the most advanced multimedia communication features that include the ability to record video calls, broadcast pre-recorded or live events, play online games and shop at Cliq2Talk online store.
Our guidance is based on assumptions and information currently available but changes in these assumptions and other circumstances could materially impact earnings for fiscal 2013 significantly above or below this guidance. The estimated ranges are subject to factors described under "Risk Factors" in our Annual Reports.
ABOUT GLOBAL MOBILETECH, INC.
Global MobileTech, Inc. (www.globalmobiletech.com) provides a proprietary technology platform used to deliver mobile communication services and mobile advertising to users participating in a rewards program. The rewards program allows users to earn rewards points that may be used for free long distance and international calls and other incentives in return for their participation in the program. Global MobileTech provides its patented technology to channel and private label partners and operates the MobiCAST and MobiREWARDS programs. Its principal user base is located in Malaysia and Hong Kong. In addition, Global MobileTech operates an alternative energy segment providing biomass energy consulting services in South East Asia.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning established by the Private Securities Litigation Reform Act of 1995 ("Act"). The forward-looking statements are intended to qualify under provisions of the federal securities laws for "safe harbor" treatment established by the Act. Forward-looking statements are based on currently available information, expectations, estimates, assumptions and projects, and management's judgment about the Company and general economic conditions. Forward-looking statements can be identified by the use of forward-looking terminology such as "believes", "expects", "is expected", "intends", "may", "will", "should", "anticipates", "plans" or the negative thereof. These forward looking statements often include forecasts and projections for future revenue and/or profits and are subject to revision and are not based on audited results. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to vary materially from historical results or from any future results expressed or implied in such forward-looking statements. Global MobileTech, Inc. does not undertake to update, revise or correct any forward-looking statements. Investors are cautioned that current results are not necessarily indicative of future results, and actual results may differ from projected amounts. For more complete information concerning factors that could affect the Company's results, reference is made to the Company's registration statements, annual reports and other documents filed with the Securities and Exchange Commission. Investors should carefully consider the preceding information before making an investment in the common stock of the Company.
CONTACT: FOR MORE INFORMATION contact
Valerie Looi (509) 723-1312
valerie.looi@globalmobiletech.com
Source: Global MobileTech, Inc.
2013 GlobeNewswire, Inc.
PYDS...$0.159
CORRECTING and REPLACING -- Payment Data Systems Reports 2012 Fiscal Year Results
Revenues Rise 53% Year Over Year
SAN ANTONIO, Texas, Apr 01, 2013 (GLOBE NEWSWIRE via COMTEX) -- In a press release issued earlier today by Payment Data Systems (OTCQB:PYDS) with the same headline, please note that there were numerous changes throughout the release. The full and correct version follows:
Payment Data Systems (OTCQB:PYDS), an integrated electronic payments solutions provider, today announced the financial results for the year ended December 31, 2012.
Revenues for the fiscal year ended December 31, 2012 increased 53% to $7,345,974 from $4,813,257 for the year ended December 31, 2011. The increase of $2,532,717 was primarily a result of higher transaction volumes in across all business segments.
Gross profit for the year ended December 31, 2012 increased 84% to $3,159,011 from $1,719,366 for the year ended December 31, 2011.
Operating income for the year ended December 31, 2012 increased to $1,390,988 from an operating gain of $372,999 for the year ended December 31, 2011. Excluding the effect of non-cash expenses associated with stock-based compensation of $251,830 and depreciation expenses of $6,860, operating income for the year ended December 31, 2012 was $1,649,678.
Net income for the year ended December 31, 2012 was $1,275,218 as compared to net income $351,848 for the year ended December 31, 2011
While other selling, general and administrative expenses increased for the year ended December 31, 2012 to $1,509,333 from $993,877 for the year ended December 31, 2011, the 52% increase was very near the 53% growth in revenue that occurred for the year ending December 31, 2012.
Michael Long, Chief Executive Officer of Payment Data Systems, said, "We were certainly pleased with the year end results and we look forward to 2013. We will continue to position our company towards qualification for a national listing with NYSE MKT. Obtaining annual pre-tax income of greater than $750K is an important criteria that NYSE MKT requires. We believe the listing, if achieved, will bring greater liquidity in our stock and potentially allow for us to make industry related acquisitions which could lead to enhanced shareholder value."
Mr. Long continued, "We will continue to see cycles in our business, such as our typical seasonal influences and fluctuations in transaction volumes. However as we look at pipelines and projections we are excited about the coming year as we continue to bring new products, services, and innovations to the market such as iRemotePay that should result in higher transaction volumes."
Please review our annual report on Form 10K which will be filed today with the Securities and Exchange Commission for complete financials of the Company.
Financial Statements
PAYMENT DATA SYSTEMS, INC.
CONSOLIDATED BALANCE SHEETS
December 31, December 31,
2012 2011
ASSETS
Cash and cash equivalents $ 3,759,791 $ 3,678,688
Accounts receivable, net 403,303 376,070
Prepaid expenses and other 114,699 32,164
Total current assets 4,277,793 4,086,922
Property and equipment, net 91,330 4,234
Other assets:
Related party receivable 702,337 702,337
Marketable securities 31,467 74,787
Other assets 52,693 41,693
Total other assets 786,497 818,817
Total Assets $ 5,155,620 $ 4,909,973
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable $ 203,066 $ 43,375
Accrued expenses 695,202 521,808
Customer deposits payable 2,115,122 3,429,135
Line of credit -- 300,000
Deferred revenue 3,875 4,348
Total current liabilities 3,017,265 4,298,666
Stockholders' Equity:
Common stock, $0.001 par value, 200,000,000 shares authorized; 147,721,077 and 142,721,077 issued and 142,725,833 and 137,725,833 outstanding 147,721 142,721
Additional paid-in capital 56,873,423 56,328,423
Treasury stock, at cost; 4,995,244 and 4,995,244 shares (238,158) (238,158)
Deferred compensation (1,580,050) (1,281,880)
Accumulated deficit (53,064,581) (54,339,799)
Total stockholders' equity 2,138,355 611,307
Total Liabilities and Stockholders' Equity $ 5,155,620 $ 4,909,973
The accompanying notes are an integral part of these consolidated financial statements.
PAYMENT DATA SYSTEMS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
Year ended Year ended
December 31, December 31,
2012 2011
Revenues $ 7,345,974 $ 4,813,257
Operating expenses:
Cost of services 4,186,963 3,093,891
Selling, general and administrative:
Stock-based compensation 251,830 348,768
Other expenses 1,509,333 993,877
Depreciation 6,860 3,722
Total operating expenses 5,954,986 4,440,258
Operating income 1,390,988 372,999
Other income (expense):
Other income (expense) (39,761) (2,782)
Other income (expense), net (39,761) (2,782)
Income before income taxes 1,351,227 370,217
Income taxes 76,009 18,369
Net Income $ 1,275,218 $ 351,848
Earnings Per Share
Basic and diluted earnings per common share: $ 0.01 $ 0.00
Weighted average common shares outstanding
Basic 133,050,998 131,988,462
Diluted 136,962,234 135,935,087
About Payment Data Systems, Inc.
Payment Data Systems is an integrated payment solutions provider to merchants and billers. The organization provides an extensive set of products to deliver world-class payment acceptance. Payment Data has solutions for merchants, billers, banks, service bureaus and card issuers. The strength of the company is its ability to offer specifically tailored solutions for card issuance, payment acceptance and bill payments.
For additional information, visit www.paymentdata.com. Contact Michael Long for Investor Relations information at 210.249.4040 or email at ir@paymentdata.com.
Website: http://www.paymentdata.com, www.ficentive.com, www.zbill.com
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FORWARD-LOOKING STATEMENTS DISCLAIMER:
Except for the historical information contained herein, the matters discussed in this release include certain forward-looking statements, which are intended to be covered by safe harbors. These statements include, but may not be limited to, all statements regarding our management's intent, belief and expectations, such as statements concerning our future and our operating and growth strategy. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, the factors detailed from time to time in our filings with the Securities and Exchange Commission. One or more of these factors have affected, and in the future could affect our businesses and financial results in the future and could cause actual results to differ materially from plans and projections. We believe that the assumptions underlying the forward-looking statements included in this release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by us or any other person that our objectives and plans will be achieved. All forward-looking statements made in this release are based on information presently available to our management. We assume no obligation to update any forward-looking statements, except as required by law.
http://www.globenewswire.com/newsroom/ti?nf=MTMjMTAwMjcwMjIjMjI5NDA=
(C) Copyright 2013 GlobeNewswire, Inc. All rights reserved
SKAS.. $0.10.. Saker Aviation Services, Inc. Announces Financial Results For The Year Ended December 31, 2012
Revenue Rises 5.2% to $17.0 Million Despite Impact of Hurricane Sandy
Net Income of $550,000 in 2012 up 35.9% Compared to $404,000 in 2011
WILKES-BARRE, Pa. and SCRANTON, Pa., April 1, 2013 /PRNewswire/ -- Saker Aviation Services, Inc. (SKAS), an aviation services company specializing in ground-based services to the general aviation marketplace, today announced its financial results for the year ended December 31, 2012.
Revenue increased by 5.2 percent to $16,928,073 for the year ended December 31, 2012 as compared with corresponding prior-year period revenue of $16,088,906. Note that the revenue results in 2012 were reduced by at least $400,000 from the impact of Hurricane Sandy, as more further described in the Company's Annual Report on Form 10-K. The primary drivers of the increase were revenue associated with the sale of fuel and related items, which increased by 8.8 percent to approximately $9,000,000. Revenue associated with services and supply items increased by 1.1 percent to approximately $7,700,000 and revenue from all other sources increased by 11.1 percent to approximately $244,000.
Net income for the year ended December 31, 2012 was $549,511, an increase of 35.9 percent as compared to net income of $404,496 in the same period in 2011.
"We are pleased to post a third consecutive year of increased revenue and profitability," stated Ron Ricciardi, the Company's President and CEO. "Hurricane Sandy had a tremendous impact on our Downtown Manhattan Heliport, effectively destroying the first floor of our facility. We're proud of the efforts of our entire staff and tenant operators, who quickly banded together and developed alternative methods of operation while the Heliport was uninhabitable. Their collective determination drove our ability to resume operations only seven days after such a devastating storm. We're mindful of the impact Sandy had on our business results, but feel extremely fortunate that there were no injuries among ours or our tenant operator's staffs. It was an event that truly yielded the best form of cooperation among people and competitors."
The Company also reported Adjusted EBITDA1 of $1,664,176 for the year ended December 31, 2012, an improvement of $116,241 or 7.5 percent as compared to Adjusted EBITDA of $1,547,935 in the year ended December 31, 2011. Please see footnote 1 below for the Company's definition of Adjusted EBITDA, a description of why the Company uses Adjusted EBITDA and important disclaimers regarding Adjusted EBITDA, which is a non-GAAP measure. A reconciliation of Adjusted EBITDA to the appropriate GAAP measure is also included in footnote 1.
About Saker Aviation Services, Inc.
Saker Aviation Services (www.SakerAviation.com) provides Fixed Base Operations (FBO) flight support services through a growing chain of US based facilities. Products include, but are not limited to, aircraft fueling, maintenance, repair and overhaul (MRO), hangar/tie-down, facility management, pilot support services, ground handling, operational consulting and other related services.
GAMR.. $0.39.. I put the earnings release on hanks trading,, a link to my top 20 positions is highlighted below.. I will update Monday..
ASNB +25% to .0628. Seems like this one is starting to pull away already.
From what I read it sounds like they would have posted profitible quarters in the past if not for their R&D expenses. Perhaps the payoff from the investment in R&D is starting to come to fruition with the launch of new products.
ASNB.. $0.042 DD to follow..
http://reports.pr-inside.com/new-market-report-advansource-biomaterials-corpora-r3623994.htm
http://www.bharatbook.com/market-research-reports/medical-devices-market-research-report/advansource-biomaterials-corporation-asnb-financial-and-strategic-swot-analysis-review1.html
http://relevant.at/wirtschaft/print/887354/new-market-report-advansource-biomaterials-corporation-asnb-financial-and-strategic-swot-analysis-re.story
GAMR.. $0.35.. Great American Group Hires Robert Callaway as Vice President, Head of Oil and Gas.....
RCHN..there are huge things going on at RCHN now..they have doubled production in China..their new product sold totally out in the first two days..they expanded into pumps and motors....
I'm long and high on RCHN ...
and on June Wong ... ((<: }
PS: Did you know a female Manatee is
called a Womanatee ... ???
RCHN..$0.298..Swiftech H220 Review: Ideal Liquid Cooling System on a Budget
The well-known manufacturer of professional liquid-cooling components came out with their idea of an affordable liquid-cooling solution. Let’s find out how good it turned out.
http://www.xbitlabs.com/articles/coolers/display/swiftech-h220.html
RCHN..$0.298..newest entry in the Lok-Seal™ family of high-end fittings is a new type of Quick Disconnect Non-Spill fitting, called the QC-NS series, and based on a sliding-sleeve style hydraulic coupling design. The Flush Face mating valves design allows users to connect or disconnect a line with little or no coolant spillage. This new generation of couplings represents yet another breakthrough innovation in the world of quick-disconnect fittings for two reasons:
At similar flow-rate characteristics, they are substantially more compact than most types of couplings from competing brands, thus offering precious space savings in space-constrained applications.
A world's first innovation, Swiftech couplings can be completely disassembled. As a result, they can be configured with multiple types of end caps, thus offering considerable cost savings: there is no need to purchase multiple bodies with specific fittings for different applications: just unscrew the end cap of your QC-NS coupling and replace it with the type of fitting that you need for your new application.
RCHN..$0.298..NEWS Rouchon Industries Inc. dba Swiftech(R) Announces Record Revenues and Profits for the Fiscal Year Ending December 31st, 2012
LONG BEACH, CA--(Marketwire - Mar 20, 2013) - Rouchon Industries, Inc. dba Swiftech® ( PINKSHEETS : RCHN ) has released its year-end reports for the fiscal year ended December 31st, 2012. The Company specializes in manufacturing advanced air, liquid, and thermoelectric cooling devices for the IT industry, and provides thermal management solutions for consumers, OEMs and industrial customers.
Key financial highlights, year over year:
Revenues increased 14% to $3.6 Million
Net Profits after provisions for income tax rose 118% to a net income of $224k
Gabriel Rouchon, Swiftech's Chairman and CEO, stated, "2012 was our best year since inception, both in terms of gross revenues and net profits. As a result, net cash from operations provided adequate funding for the acquisition of capital equipment and tooling in preparation for an aggressive 2013 growth plan. Among the fundamental changes in the company's activity in 2012 was the addition of an electric motor production line. This allowed us to manufacture in house the new generation of pumps used in the all-in-one H220 CPU cooling system that was unveiled during CES in January 2013. Once again, our entire organization continues to deliver on the company's goals by producing results that meet or exceed our highest expectations and I want to take this opportunity to thank our customers, vendors, employees and shareholders for helping us in realizing such strong and steady growth in 2012."
Swiftech's entry in the high volume all-in-one CPU cooling market has received considerable industry attention, and is expected to fuel the company's accelerated growth in 2013 and beyond. The company has a ten year track record of consistently profitable operations, and remains debt free, a fact that has not escaped investors who began rallying around RCHN stock beginning April 2012.
Safe Harbor
This release contains certain "forward-looking statements" relating to the business of the Company. All statements, other than statements of historical fact included herein are "forward-looking statements." Such statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions and involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the OTC Markets and available online here: http://www.otcmarkets.com/stock/RCHN/financials. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume any duty to update these forward-looking statements.
Contact:
Rouchon Industries, Inc. dba Swiftech®
Investor Relations
Email Contact
@yahoofinance on Twitter, become a fan on Facebook
RCHN..$0.298..New Shenzhen Factory..
https://www.facebook.com/media/set/?set=a.418071601618060.1073741825.260105210748034&type=1&l=9e55e581cd
GAMR should be releasing their 10K prior to month end. My guess would be next Thurs or Fri.
GAMR.. $0.33 Great American Group Analysts Observe Cautious Spending Trends
- Recent report shows initial spending cutbacks on the part of consumers have abated -
WOODLAND HILLS, Calif.--(BUSINESS WIRE)-- According to analysts with Great American Group, Inc. (OTCBB: GAMR), consumer spending has rebounded following a positive, albeit slower than anticipated, holiday season. Post-holiday results in January were hampered by lower paychecks resulting from certain tax break expirations. However, the current outlook is cautiously optimistic.
Great American Group’s latest Retail Monitor notes that consumers continue to feel the pressure of elevated gas prices and a high unemployment rate, and therefore have been cutting back on excesses by preparing more meals at home and searching for deals.
Regardless of the spending caution, there continues to be some bright spots in the retail sector.
“E-commerce continues to shine, and many off-price, discount and dollar store retailers continue to report positive results as consumers look to save,” said David Triompo, managing director of consumer products for Great American Group's Advisory and Valuation Services division. “Many dollar stores have also been expanding their store bases.”
Other retail sectors are more in flux. “The consumer electronics market continues to be altered by changing mobile phone technology and other factors; and the books, music and video sectors have been on the decline,” Triompo added.
Going forward, caution remains due to macroeconomic concerns. Although the economy remains fragile, industry analysts are hopeful that consumers will weather the storm and increase spending going forward.
Great American Group’s premier Retail Monitor with industry trends is available on the company’s website at http://www.greatamerican.com/news_media/downloads/Mar_2013_Retail_Monitor.pdf.
For more information about asset disposition, valuation and advisory services available through Great American Group, visit www.greatamerican.com.
About Great American Group, Inc. (OTCBB: GAMR)
Great American Group is a leading provider of asset disposition and auction solutions, advisory and valuation services, capital investment, and real estate advisory services for an extensive array of companies. A trusted strategic partner at every stage of the business lifecycle, Great American Group efficiently deploys resources with sector expertise to assist companies, lenders, capital providers, private equity investors and professional service firms in maximizing the value of their assets. The company has in-depth experience within the retail, industrial, real estate, healthcare, energy and technology industries. The corporate headquarters is located in Woodland Hills, Calif. with additional offices in Atlanta, Boston, Charlotte, N.C., Chicago, Dallas, New York, San Francisco and London. For more information, call 818-884-3737 or visit www.greatamerican.com.
Great American Group
Michelle Kahan
Director of Marketing
818-884-3737
mkahan@greatamerican.com
or
Mulberry Marketing Communications
Christina Bereta
Account Executive
312-664-1532
cbereta@mulberrymc.com
Source: Great American Group, Inc.
SPCBF.. $0.15 DD to follow.. SuperCom Reports Record Profit for 4Q and FY 2012 Financial Results PR Newswire - Mar 19 02:29 EDT
Alert hits:OTC (/s
Company Symbols: OTC-PINK:SPCBF, ACORN:A.0111043037, ACORN:A.4066019241
Net Income increased to $4.8m; GP margins increased to 82%; Operating Margin increased to 22.4%
HERZLIYA, Israel, March 19, 2013 /PRNewswire/ --
SuperCom Ltd (OTC: SPCBF), a leading provider of e-ID, Security, HealthCare, Homecare, and Electronic Monitoring Solutions, today announced its results for the fourth quarter and FY 2011 ended December 31, 2012.
Financial Highlights for the FY 2012vs. FY 2011
Revenues increased 13% to $8.94 million, compared to $7.92 million;
Gross Profit increased 59% to $7.3 million, compared to $4.6 million;
Gross Profit Margin increased to 82%, compared to 58%;
Operating expenses increased 14% to $5.3 million, compared to $4.6 million;
Operating income increased substantially to $2 million, compared to $54 thousand;
Net Income increased by over 4 times, to $4.8 million, compared to $1 million;
Financial Highlights for the 4Q 2012vs. 4Q 2011
Revenues increased 65% to $3.2 million, compared to $1.9 million;
Gross Profit increased 280% to $3.2 million, compared to $1.1 million;
Operating expenses increased 36% to $2.6 million, compared to $1.9 million;
Operating income increased to $580 thousand, compared to a loss of $727 thousand;
Net Income increased 55% to $1.55 million, compared to $1 million;
"We are very pleased with our performance in 2012, which was a fantastic turnaround year for us, our growth in revenue, our strong and steady profitability approaching 23% Operating Margin with operating income of $2.0 million , was a key milestone for SuperCom." commented Arie Trabelsi, CEO of SuperCom. "We are optimistic with our ability to continually build on this progress within four of the most dynamic industries in the world, as we focus on delivering value for our customers, employees and shareholders."
"In comparison to last year, we successfully expanded our gross profit margin and significantly reduced our operating expenses by implementing our restructuring plan," Mr. Trabelsi added. "These efforts positions us well to complete our process to increase our financial strength, putting us on the right path to achieve our business goals in becoming a key global player in the rapidly growing national e-ID, Electronic Monitoring for law enforcement, homecare, and healthcare arena."
Operational Highlights for 2012
The Company has broadened its activities. It is now providing solutions for the national electronic-ID market, electronic monitoring for law enforcement, and homecare and healthcare markets, using its proprietary RFID and Mobile technology platform;
Increased activities in the national electronic-ID market, while populating the e-ID division with outstanding e-ID, System Architects, Sales & Marketing Experts - putting together hundreds of man-years of national ID and e-ID experience into one superior e-ID Team;
Expanded its activities into the Community Electronics Monitoring market, creating an AM Team with outstanding and experienced executives in Law Enforcement AM, System Architecture, Mobile, Software and Sales & Marketing;
Expanded the Company's R&D capabilities with world-class R&D experts in the area of Digital, RF, Mobile, Embedded, GUI, and Web - developing the cutting edge products and technologies;
Enriched and expanded the capabilities of the company's PureRF™ Suite- an RFID and Mobile hardware-software hybrid tracking and monitoring platform;
"I am proud to launch the new Supercom, our new streamlined and focused structure allows us to better target lucrative and growing vertical markets", Mr. Trabelsi added. "We have also brought on board many new and highly experienced executives and market experts to support our broadening activity. Supercom today is in the strongest position it has ever been, and we look forward to continuing to unleash our potential in 2013. "
Conference Call
The Company will host a conference call today at 11:00 am EDT. To participate, please call one of the following telephone numbers at least 10 minutes before the start of the call:
US: +1-888-668-9141 at 11:00 am Eastern Time
Israel: 03-918-0685 at 5:00 pm Israel Time
International: +972 3 918 0685
A replay will be available on the Company's website on the day following the call.
About SuperCom
Since 1988, SuperCom has been a leading global provider of traditional & digital identity solutions, providing advanced safety, identification and security products and solutions, to Governments, private and public organizations throughout the world. SuperCom has been inspiring governments and national agencies, to design and issue secured Multi-ID documents and robust digital identity solutions to its citizen and visitors, using SuperCom e-Government platforms and innovative solutions for traditional and biometrics enrollment, personalization, issuance and border control services. SuperCom features a unique all-in-one field-proven RFID & mobile technology and products, accompanied with advanced complementary services for the healthcare and homecare, security and safety, community public safety, law enforcement, electronic monitoring, livestock monitoring, building and access automation and more.
SuperCom's website is http://www.supercom.com
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded or followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. Forward-looking statements in this release also include statements about business and economic trends. Investors should also consider the areas of risk described under the heading "Forward Looking Statements" and those factors captioned as "Risk Factors" in the Company's periodic reports under the Securities Exchange Act of 1934, as amended, or in connection with any forward-looking statements that may be made by the Company. These statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements arising from the annual audit by management and the Company's independent auditors. The Company undertakes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release.
CONSOLIDATED BALANCE SHEETS
U.S. dollars in thousands
December 31,
2012 2011
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 225 $ 215
Trade receivables (net of allowance for doubtful
accounts of $ 1,686
and $ 134 as of December 31, 2012 and 2011,
respectively) 1,598 1,542
Deferred tax short term 516 -
Other accounts receivable and prepaid expenses 311 105
Inventories, net 280 269
Total current assets 2,930 2,131
SEVERANCE PAY FUND 203 228
Deferred tax long term 517 -
PROPERTY AND EQUIPMENT, NET 93 96
Total assets $ 3,743 $ 2,455
CONSOLIDATED BALANCE SHEETS
U.S. dollars in thousands, except share data
December 31,
2012 2011
LIABILITIES AND SHAREHOLDERS'
CURRENT LIABILITIES:
Short-term bank credit $ 101 $ 112
Trade payables 1,780 2,439
Employees and payroll accruals 138 139
Accrued expenses and other liabilities 777 2,164
Convertible bonds - 2,519
Short-term loan and others - 456
Total current liabilities 2,796 7,829
LONG-TERM LIABILITIES:
Accrued severance pay 236 227
Total long-term liabilities 236 227
COMMITMENTS AND CONTINGENT LIABILITIES
SHAREHOLDERS':
Share capital:
Ordinary shares of NIS 0.0588235 par value -
Authorized 52,000,000 shares as of December 31,
2012;
Issued and outstanding: 36,769,757 and 12,035,272
shares as of December 31, 2012 and 2011,
respectively 574 192
Additional paid-in capital 43,518 41,713
Amount of liability extinguished on account of
shares 127 819
Accumulated deficit (43,508) (48,325)
Total shareholders' equity (deficiency) 711 (5,601)
Total liabilities and shareholders' $ 3,743 $ 2,455
Year ended
December 31,
2012 2011 2010
Revenues $ 8,940 $ 7,922 $ 7,389
Cost of revenues 1,619 3,306 2,057
Gross profit 7,321 4,616 5,332
Operating expenses:
Research and development 313 462 386
Selling and marketing 3,060 3,505 4,405
General and administrative 857 732 1,985
Other (income) expenses 1,085 (137) (396)
Total operating expenses 5,315 4,562 6,380
Operating (loss) income 2,006 54 (1,048)
Financial (expenses) income, net 1,805 990 (678)
Income (loss) before income tax 3,811 1,044 (1,726)
Income tax 1,006 (25) (50)
Net income (loss) from continuing
operations 4,817 1,019 (1,776)
Loss from discontinued operations - - (189)
Net income (loss) $ 4,817 $ 1,019 $ (1,965)
Earnings (loss) per share from
continuing operations:
Basic $ 0.18 $ 0.11 $ (0.29)
Diluted $ 0.13 $ 0.09 $ (0.29)
Loss per share from discontinued
operations basic and diluted: - - $ (0.03)
Net earnings (loss) per share:
Basic $ 0.18 $ 0.11 $ (0.32)
Diluted $ 0.13 $ 0.09 $ (0.32)
Weighted average number of ordinary
shares used in computing basic
earnings (loss) per share 27,475,448 9,126,327 6,177,862
Weighted average number of ordinary
shares used in computing diluted
earnings (loss) per share 34,664,459 11,710,254 6,177,862
3 months ended 3 months ended
Dec-31 Sep-30
2012 2011 2012 2011
U.S. dollars in thousands, except share data
REVENUES 3,214 1,942 1,786 1,942
COST OF REVENUES (2) 800 489 735
GROSS PROFIT 3,216 1,142 1,297 1,207
OPERATING EXPENSES:
Research and development 98 90 73 92
Selling and marketing 1,073 884 523 907
General and administrative 193 111 173 170
Other (income) expense 1,272 784 - -
Total operating expenses 2,636 1,869 769 1,169
OPERATING (LOSS) INCOME 580 (727) 528 38
FINANCIAL (EXPENSES)
INCOME , NET (54) 1,734 (13) (259)
INCOME BEFORE INCOME TAX 526 1,007 515 (221)
INCOME TAX 1,024 (2) (5) (9)
NET INCOME (LOSS) FROM
CONTINUING OPERATIONS 1,550 1,005 510 (230)
LOSS FROM DISCONTINUED
OPERATIONS - - - -
NET INCOME (LOSS) FOR THE
PERIOD 1,550 1,005 510 (230)
NET INCOME (LOSS) PER
SHARE:
Basic 0.04 0.08 0.02 (0.02)
Diluted 0.04 0.07 0.02 (0.02)
Weighted average number of
ordinary shares used in
computing basic income
(loss) per share 35,932,478 12,027,005 22,265,685 9,807,753
Weighted average number of
ordinary shares used in
computing diluted income
(loss) per share 40,703,682 15,300,482 26,299,289 9,807,753
Corporate relations Contacts:
Taly Gudovich
Corporate Relations, SuperCom Ltd.
Tel: +972-9-889-0850
taly@supercom.com
Investor Relations Contacts:
Ehud Helft & Kenny Green
CCG Investor Relations
Tel: +1-646-201-9246
supercom@ccgisrael.com
SOURCE SuperCom Ltd.
CHCR.. $0.095.. Comprehensive Care Corporation Announces Pharmacy Savings Management Agreement With Blasters, Drillers & Miners Union, Local No. 29, Laborers' International Union of North America (LIUNA)
TAMPA, Fla., March 19, 2013 /PRNewswire/ -- Comprehensive Care Corporation ("CompCare") (OTC BB: CHCR), a leading behavioral health, substance abuse and pharmacy management services provider for managed care companies throughout the U.S., today announced the signing of a Pharmacy Savings Management Agreement with Local No. 29 ("Local 29") of the Laborers' International Union of North America (LIUNA).
Based on a detailed analysis of Local 29's previous year's pharmacy spend, CompCare determined it could guarantee Local 29 meaningful savings for the coming year using CompCare's Pharmacy Savings Program. Under the Pharmacy Savings Management Agreement, CompCare has guaranteed Local 29 a minimum of a 10% savings and backed up its guarantee with a full performance bond to be issued by a nationally well-known and respected surety company.
Tom Russo, Business Manager of Local 29, stated, "The CompCare pharmacy savings program is simple, easily understandable, transparent, and seamless. Our analysis completely supports CompCare's claim to be able to save at least 10% off of Local 29's last year's pharmacy expenses. CompCare's support of its guarantee with a full performance bond, as well as providing the services of a nationally respected pharmacy benefits manager (PBM), was compelling enough for me to recommend that Local 29 switch from its existing program to CompCare's. Its innovative program brings measurable value to Local 29 and its members."
"CompCare's program design translates well to all of my labor associates as well as the fund's trustees. I expect many of them will quickly see the value of this new program," Mr. Russo added.
Clark A. Marcus, CompCare's Chairman and CEO, stated, "After working on this program design for almost two years, we are delighted that Local 29's analysis of the program convinced them, as it does us, that the program creates substantial savings off of its previous year's pharmacy spend while at the same time provides for a seamless transition from the customer's existing program to CompCare's. The performance bond component of the program gives our customers a substantial comfort level and the assurance that they will get exactly what they bargained for. We believe we have created a literal win-win situation for all participants with CompCare taking on the financial risk of the customer's pharmacy spend."
"With prescription drug prices rising almost twice as fast as the rate of inflation, we believe the CompCare Pharmacy Savings Program is exactly what labor and industry alike need to contain the rising costs of healthcare and, in particular, pharmacy spends. We also coupled our delivery program with a Wellness Program, as well as sophisticated analytics, to even further enhance our ability to bring even greater savings to our customers and their members. We anticipate the program with Local 29 to be fully capable of launch within the next sixty days," Mr. Marcus concluded.
About Laborers' International Union of North America (LIUNA)
LIUNA is the most progressive, aggressive and fastest-growing union of construction workers. Moreover, LIUNA is one of the most diverse and effective unions representing public service employees. LIUNA members are on the forefront of the construction industry, a sector that is a powerhouse of 12 million workers producing 5 percent of our countries' economic output. A half-million strong, we are united through collective bargaining agreements, which help us earn family-supporting pay, good benefits and the opportunity for advancement and better lives.
About CompCare
Established in 1969, CompCare provides behavioral health, substance abuse and pharmacy management services for managed care companies throughout the United States. Headquartered in Tampa, Florida, CompCare focuses on personalized attention, flexibility, a commitment to high-quality services and innovative approaches to behavioral health that address both the specific needs of clients and changing healthcare industry demands. For more information, please call 813-288-4808 or visit our website at www.compcare.com.
Forward-Looking Statements
Except for statements of historical fact, the matters discussed in this press release are forward looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond CompCare's control that may cause actual results to differ materially from stated expectations. These risk factors include, among others, the ability of CompCare to maximize its market share with new pharmacy initiatives, the ability of CompCare's new pharmacy cost-savings program to guarantee a reduction in pharmacy costs, the ability of CompCare's pharmacy cost-savings program to revolutionize the pharmacy sector of the healthcare industry, CompCare's ability to increase its business and margins as a result of implementing its pharmacy cost-savings program, CompCare's ability to obtain a performance bond on satisfactory terms, the ability of CompCare to launch the pharmacy savings management program for Local 29 of LIUNA within the next 60 days, the ability of CompCare and its staff to execute its business plan, the ability of CompCare to offer and sell any of its products at a profit, changes in local, regional, and national economic and political conditions, the effect of governmental regulation, competitive market conditions, varying trends in member pharmacy utilization, our ability to manage healthcare operating expenses, our ability to achieve expected results from new business, the profitability, if any, from capitated pharmacy contracts or other products, increases or variations in cost of care, seasonality, CompCare's ability to obtain additional financing, and additional risk factors as discussed in the reports filed by the company with the Securities and Exchange Commission, which are available on its website at www.sec.gov. Any forward- looking statement in this release speaks only as of the date on which it is made. CompCare assumes no obligation to update or revise any forward-looking statements.
Investor Contacts:
Paul Knopick
E & E Communications
pknopick@eandecommunications.com
940.262.3584
SOURCE Comprehensive Care Corporation
CHCR .0825 what is goin on? They lose a contract worth a huge amount of their revenue and stock seems to be rallying. Wonder if someone knows something.
I was able to get out of my position with the recent volume > .08. It will be interesting to see what ultimately comes of this company.
I am on vacation but will call TEXCOM on Tues when I return. Don't know about license fees. Will report early next week. Sure it's a minor issue that can be easily fixed.
TEXC, Bobwins could you take a short look on the TEXC board and give us your opinion about the Nevas sos issue? It seems the company is in default and didn't renew their business license which expired at the end of january 2013. I looked at it but I don't really know what to make of it. I know that you had contact to management from time to time, do you know anything about it?
I was pleasantly surprised by the close to break even Q4 considering the refi expenses. This bodes well for 2013. The interest expense should drop by 600K in 2013 plus drilling a second disposal well should provide capacity for double the revs. Second disposal well has to be drilled but financing is supposed to be there. Revs should start to climb in Q3 and be significant in Q4.
After I talked to CEO, I was pleased with his approach, Get the financing fixed so the company could move forward with positive operational changes. He says that the stock price was not a high priority until he got the financing fixed. We'll see if he can provide positive changes in the PR department as well as the operational end of the business.
PXFG.. $0.18.. Dropped from Board.. 03/15/2013..
Phoenix Footwear Reports Fiscal Year 2012 Results..
CARLSBAD, Calif.--(BUSINESS WIRE)-- Phoenix Footwear Group, Inc. (OTCMarkets.com: PXFG) today reported results for the fiscal year ended December 29, 2012.
Fiscal Year 2012
Operating income for the year totaled $513,000 compared to an operating loss of $1.0 million for the prior year.
Net sales increased $834,000 or 5.2% to $16.7 million from $15.9 million
Gross margin as a percentage of net sales improved to 37.5% or 240 basis points from 35.1%
Net loss from continuing operations decreased to $437,000 or $0.06 per share compared to net loss of $1.7 million or $0.21 per share in fiscal 2011.
For the year ended December 29, 2012 (or “fiscal 2012”), net sales increased to $16.7 million or 5.2% compared to $15.9 million for the year ended December 31, 2011 (or “fiscal 2011”). Net sales for the Company’s SoftWalk® and Trotters® brands grew by 11.6% and 2.0% in fiscal 2012. The improvement in net sales for the year was achieved with a 9.7% increase in the average unit wholesale price on an increased unit sales volume of full priced goods of 2.9%, together with a 27% decrease in the sales volume of closed-out goods.
The gross margin improved 240 basis points to 37.5% from 35.1% when compared to the prior fiscal year. The enhanced gross margin was produced on a higher unit sales volume of full priced goods coupled with an increase in the average unit wholesale of 9.7% and a decrease in the sales volume of closed-out inventory reduced by an increase in the average standard cost per unit.
Selling, general and administrative expenses or SG&A, decreased $835,000 or 12.7% to $5.8 million in fiscal 2012 compared to $6.6 million in fiscal 2011. SG&A as a percentage of net sales for fiscal 2012 was 34.4% compared to 41.4% for fiscal 2011. The decrease in SG&A was mostly due to the reduction in legal, rent and other public company costs incurred during the first quarter of fiscal 2011 associated with the completion of a restructuring plan initiated during the second half of fiscal 2010 and an overall lower operating cost structure.
Interest expense for fiscal 2012 totaled $927,000 compared to $720,000 for fiscal 2011. On July 30, 2012, the Company refinanced its credit facilities reducing its borrowing costs and increasing the facilities’ size. As a result of the refinancing, the Company incurred $220,900 of additional expenses associated with the accelerated expensing of prepaid financing costs and other fees paid with the early termination of the prior loan agreement.
The Company reported a loss from continuing operations of $437,000 or $0.06 per share for the fiscal year ended December 29, 2012, compared to loss from continuing operations of $1.7 million or $0.21 per share for the fiscal year ended December 31, 2011.
Waiver and Amendment of Lender Covenants
On July 30, 2012, the Company entered into a new Loan and Security Agreement (the “Loan Agreement”) with AloStar Bank of Commerce (“AloStar”) and Subordinated Loan Agreement with Gibraltar Business Capital, LLC (“Gibraltar”). The Loan Agreement and Subordinated Loan Agreement include various financial and other covenants, with which the Company has to comply in order to maintain borrowing availability and avoid penalties including maintaining required minimum EBITDA amounts.
As of December 29, 2012, the Company’s rolling 12 month EBITDA of $771,000 was not in compliance with the minimum EBITDA covenant of $850,000 required in the Loan Agreement and Subordinated Loan Agreement.
On February 27, 2013 and March 4, 2013, the Company entered into the First Amendment to the Subordinated Loan Agreement with Gibraltar and the First Amendment to the Loan Agreement with AloStar, waiving the Company’s non-compliance with the required minimum EBITDA covenant of those agreements as of December 29, 2012 and amending the required minimum EBITDA covenant for each of the first, second and third quarters of fiscal 2013.
About Phoenix Footwear Group, Inc.
Phoenix Footwear Group, Inc., headquartered in Carlsbad, California, specializes in quality comfort women’s and men’s footwear with a design focus on fitting features. Phoenix Footwear designs, develops, markets and sells footwear in a wide range of sizes and widths under the brands Trotters® and SoftWalk®, These brands are primarily sold through department stores, leading specialty and independent retail stores, mail order catalogues and internet retailers and are carried by approximately 659 customers in over 997 retail locations throughout the U.S. Phoenix Footwear has been engaged in the manufacture or importation and sale of quality footwear since 1882.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. These forward-looking statements include, but are not limited to, statements regarding Phoenix Footwear’s ability to repay its bank debt in a timely manner, future growth and performance of its individual brands, expected financial performance and condition for fiscal 2012 and/or statements preceded by, followed by or that include the words “believes,” “could,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “projects,” “seeks,” “exploring,” or similar expressions. Although Phoenix Footwear believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Phoenix Footwear or any other person that the objectives and plans of Phoenix Footwear will be achieved. All forward-looking statements included in this press release speak only as of the date of this press release and are based on Phoenix Footwear's current expectations and projections about future events, based on information available at the time of the release, and Phoenix Footwear expressly disclaims any obligation to release publicly any update or revision to any forward-looking statement contained herein if there are changes in Phoenix Footwear’s expectations or if any events, conditions or circumstances on which any such forward-looking statement is based.
Phoenix Footwear Group, Inc.
Consolidated Balance Sheets
(In thousands)
December 29, 2012 December 31, 2011
ASSETS
Current assets:
Cash and cash equivalents $ 43 $ 41
Accounts receivable, net 1,768 2,020
Inventories, net 6,974 6,733
Other current assets 1,039 1,451
Income taxes receivable 149 146
Total current assets 9,973 10,391
Property, plant and equipment, net 418 556
Other assets 204 51
TOTAL ASSETS $ 10,595 $ 10,998
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Notes payable, current $ 3,506 $ 3,784
Accounts payable 2,574 3,200
Accrued expenses 592 902
Other current liabilities 208 205
Current liabilities of discontinued operations - 174
Total current liabilities 6,880 8,265
Notes payable 936 -
Convertible notes payable 1,350 1,000
Other non-current liabilities 164 154
Total liabilities 9,330 9,419
Stockholders' equity 1,265 1,579
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 10,595 $ 10,998
- -
Phoenix Footwear Group, Inc.
Consolidated Statements of Operations
(In thousands, except per share data)
Fiscal Years Ended
December 29, 2012 December 31, 2011
Net sales $ 16,738 100 % $ 15,904 100 %
Cost of goods sold 10,464 63 % 10,319 65 %
Gross profit 6,274 38 % 5,585 35 %
Operating expenses:
Selling, general and administrative expenses 5,761 34 % 6,596 41 %
Total operating expenses 5,761 34 % 6,596 41 %
Operating Income (loss) 513 3 % (1,011 ) -6 %
Interest expense, net 927 6 % 720 5 %
Loss before income taxes and discontinued operations (414 ) -3 % (1,731 ) -11 %
Income tax (benefit) expense 23 0 % 11 - %
Loss from continuing operations (437 ) -3 % (1,742 ) -11 %
(Loss) earnings from discontinued operations, net of tax (47 ) 0 % 481 3 %
Net loss $ (484 ) -3 % $ (1,261 ) -8 %
Earnings (loss) per share:
Basic and diluted
Continuing operations $ (0.06 ) $ (0.21 )
Discontinued operations (0.01 ) 0.06
Net loss $ (0.07 ) $ (0.15 )
Weighted-average shares outstanding:
Basic 8,223 8,179
Diluted 8,223 8,179
Phoenix Footwear Group, Inc.
Greg W. Slack
Chief Financial Officer
(760) 602-9688
Source: Phoenix Footwear Group, Inc.
Phoenix Footwear Reports Fiscal Year 2012 Results
Business Wire - Mar 15 14:45 EDT
Alert hits:Und OTC Yea
Company Symbols: OTC-PINK:PXFG
CARLSBAD, Calif.--(BUSINESS WIRE)-- Phoenix Footwear Group, Inc. (OTCMarkets.com: PXFG) today reported results for the fiscal year ended December 29, 2012.
Fiscal Year 2012
Operating income for the year totaled $513,000 compared to an operating loss of $1.0 million for the prior year.
Net sales increased $834,000 or 5.2% to $16.7 million from $15.9 million
Gross margin as a percentage of net sales improved to 37.5% or 240 basis points from 35.1%
Net loss from continuing operations decreased to $437,000 or $0.06 per share compared to net loss of $1.7 million or $0.21 per share in fiscal 2011.
For the year ended December 29, 2012 (or “fiscal 2012”), net sales increased to $16.7 million or 5.2% compared to $15.9 million for the year ended December 31, 2011 (or “fiscal 2011”). Net sales for the Company’s SoftWalk® and Trotters® brands grew by 11.6% and 2.0% in fiscal 2012. The improvement in net sales for the year was achieved with a 9.7% increase in the average unit wholesale price on an increased unit sales volume of full priced goods of 2.9%, together with a 27% decrease in the sales volume of closed-out goods.
The gross margin improved 240 basis points to 37.5% from 35.1% when compared to the prior fiscal year. The enhanced gross margin was produced on a higher unit sales volume of full priced goods coupled with an increase in the average unit wholesale of 9.7% and a decrease in the sales volume of closed-out inventory reduced by an increase in the average standard cost per unit.
Selling, general and administrative expenses or SG&A, decreased $835,000 or 12.7% to $5.8 million in fiscal 2012 compared to $6.6 million in fiscal 2011. SG&A as a percentage of net sales for fiscal 2012 was 34.4% compared to 41.4% for fiscal 2011. The decrease in SG&A was mostly due to the reduction in legal, rent and other public company costs incurred during the first quarter of fiscal 2011 associated with the completion of a restructuring plan initiated during the second half of fiscal 2010 and an overall lower operating cost structure.
Interest expense for fiscal 2012 totaled $927,000 compared to $720,000 for fiscal 2011. On July 30, 2012, the Company refinanced its credit facilities reducing its borrowing costs and increasing the facilities’ size. As a result of the refinancing, the Company incurred $220,900 of additional expenses associated with the accelerated expensing of prepaid financing costs and other fees paid with the early termination of the prior loan agreement.
The Company reported a loss from continuing operations of $437,000 or $0.06 per share for the fiscal year ended December 29, 2012, compared to loss from continuing operations of $1.7 million or $0.21 per share for the fiscal year ended December 31, 2011.
Waiver and Amendment of Lender Covenants
On July 30, 2012, the Company entered into a new Loan and Security Agreement (the “Loan Agreement”) with AloStar Bank of Commerce (“AloStar”) and Subordinated Loan Agreement with Gibraltar Business Capital, LLC (“Gibraltar”). The Loan Agreement and Subordinated Loan Agreement include various financial and other covenants, with which the Company has to comply in order to maintain borrowing availability and avoid penalties including maintaining required minimum EBITDA amounts.
As of December 29, 2012, the Company’s rolling 12 month EBITDA of $771,000 was not in compliance with the minimum EBITDA covenant of $850,000 required in the Loan Agreement and Subordinated Loan Agreement.
On February 27, 2013 and March 4, 2013, the Company entered into the First Amendment to the Subordinated Loan Agreement with Gibraltar and the First Amendment to the Loan Agreement with AloStar, waiving the Company’s non-compliance with the required minimum EBITDA covenant of those agreements as of December 29, 2012 and amending the required minimum EBITDA covenant for each of the first, second and third quarters of fiscal 2013.
About Phoenix Footwear Group, Inc.
Phoenix Footwear Group, Inc., headquartered in Carlsbad, California, specializes in quality comfort women’s and men’s footwear with a design focus on fitting features. Phoenix Footwear designs, develops, markets and sells footwear in a wide range of sizes and widths under the brands Trotters® and SoftWalk®, These brands are primarily sold through department stores, leading specialty and independent retail stores, mail order catalogues and internet retailers and are carried by approximately 659 customers in over 997 retail locations throughout the U.S. Phoenix Footwear has been engaged in the manufacture or importation and sale of quality footwear since 1882.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. These forward-looking statements include, but are not limited to, statements regarding Phoenix Footwear’s ability to repay its bank debt in a timely manner, future growth and performance of its individual brands, expected financial performance and condition for fiscal 2012 and/or statements preceded by, followed by or that include the words “believes,” “could,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “projects,” “seeks,” “exploring,” or similar expressions. Although Phoenix Footwear believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Phoenix Footwear or any other person that the objectives and plans of Phoenix Footwear will be achieved. All forward-looking statements included in this press release speak only as of the date of this press release and are based on Phoenix Footwear's current expectations and projections about future events, based on information available at the time of the release, and Phoenix Footwear expressly disclaims any obligation to release publicly any update or revision to any forward-looking statement contained herein if there are changes in Phoenix Footwear’s expectations or if any events, conditions or circumstances on which any such forward-looking statement is based.
Phoenix Footwear Group, Inc.
Consolidated Balance Sheets
(In thousands)
December 29, 2012 December 31, 2011
ASSETS
Current assets:
Cash and cash equivalents $ 43 $ 41
Accounts receivable, net 1,768 2,020
Inventories, net 6,974 6,733
Other current assets 1,039 1,451
Income taxes receivable 149 146
Total current assets 9,973 10,391
Property, plant and equipment, net 418 556
Other assets 204 51
TOTAL ASSETS $ 10,595 $ 10,998
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Notes payable, current $ 3,506 $ 3,784
Accounts payable 2,574 3,200
Accrued expenses 592 902
Other current liabilities 208 205
Current liabilities of discontinued operations - 174
Total current liabilities 6,880 8,265
Notes payable 936 -
Convertible notes payable 1,350 1,000
Other non-current liabilities 164 154
Total liabilities 9,330 9,419
Stockholders' equity 1,265 1,579
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 10,595 $ 10,998
- -
Phoenix Footwear Group, Inc.
Consolidated Statements of Operations
(In thousands, except per share data)
Fiscal Years Ended
December 29, 2012 December 31, 2011
Net sales $ 16,738 100 % $ 15,904 100 %
Cost of goods sold 10,464 63 % 10,319 65 %
Gross profit 6,274 38 % 5,585 35 %
Operating expenses:
Selling, general and administrative expenses 5,761 34 % 6,596 41 %
Total operating expenses 5,761 34 % 6,596 41 %
Operating Income (loss) 513 3 % (1,011 ) -6 %
Interest expense, net 927 6 % 720 5 %
Loss before income taxes and discontinued operations (414 ) -3 % (1,731 ) -11 %
Income tax (benefit) expense 23 0 % 11 - %
Loss from continuing operations (437 ) -3 % (1,742 ) -11 %
(Loss) earnings from discontinued operations, net of tax (47 ) 0 % 481 3 %
Net loss $ (484 ) -3 % $ (1,261 ) -8 %
Earnings (loss) per share:
Basic and diluted
Continuing operations $ (0.06 ) $ (0.21 )
Discontinued operations (0.01 ) 0.06
Net loss $ (0.07 ) $ (0.15 )
Weighted-average shares outstanding:
Basic 8,223 8,179
Diluted 8,223 8,179
Phoenix Footwear Group, Inc.
Greg W. Slack
Chief Financial Officer
(760) 602-9688
Source: Phoenix Footwear Group, Inc.
TEXC.. Great news.. TexCom Announces Results for 2012
HOUSTON, March 15, 2013 /PRNewswire/ -- TexCom, Inc. (OTC Pink: TEXC) (the "Company" or "TexCom"), an environmental services company serving the oil and gas industry, today announced record financial results for 2012.
"We achieved a number of important milestones in 2012, including increased revenues and net income, achieving positive equity, and refinancing our debt which has reduced our average cost of funds by more than I 0 percentage points and reduced our 2013 interest expense by more than $600,000. Further, we have secured the necessary financing to drill and equip a second disposal well at the disposal site in Atascosa County, Texas operated by Eagle Ford Environmental Services, LLC. We expect to drill this well in the second quarter of 2013. While several legacy challenges remain, we now have positive cash flow after debt service which can be used to resolve these challenges and to pursue other strategic opportunities," stated Bob May, CEO and President.
Financial Highlights for 2012 compared to 2011:
Revenues totaled $11.53 million, rising 10% from $10.52 million.
Net income available to shareholders increased by 155% to $3.77 million from $1.4 million.
Earnings per share on a fully diluted basis were $0.05, up from $0.02.
Total equity increased to $1.69 million from a deficit $2.46 million.
The Company revalued the asset resulting from net operating loss carry forwards (NOLs), and other timing differences, resulting in a one-time income tax benefit of $2.65 million.
Gross profit margin fell to 49% from 57% due to depreciation expense at the new facilities at Eagle Ford Environmental Services, LLC
Operating income fell 18% to $3.50 million from $4.28 million
About TexCom, Inc.
TexCom, headquartered in Houston, Texas, is a growth-oriented environmental services company with a primary focus on the disposal of nonhazardous wastes generated by the oil & gas industry. For more information, please visit www.texcomresources.com.
Forward-Looking Statements
This press release and the presentation referenced above may contain forward-looking statements, including information about management's view of TexCom, Inc.'s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release or such presentation other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of TexCom, Inc., its divisions and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on TexCom's future results. The forward-looking statements included in this press release and the presentation are made only as of the date hereof. TexCom cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, TexCom undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by TexCom.
SOURCE TexCom, Inc.
GAMR.. $0.32.. Great American Group Subsidiary Provides Funding for UK Footwear Chain...
-GA Europe investment allows Shoon to take over 39 Jane Shilton outlets-
WOODLAND HILLS, Calif.--(BUSINESS WIRE)-- GA Europe, a subsidiary of Great American Group, Inc. (OTCBB: GAMR), will further invest in the UK-based Shoon footwear chain in which it acquired an interest last year.
With funding provided by GA Europe, Shoon plans to take over 39 Jane Shilton outlets which operate in a range of department stores including Beales and Browns. Shoon will also acquire the associated Jane Shilton footwear stock upon completion, as well as the Jane Shilton footwear license. The arrangement is subject to the agreement of the individual host stores and will take effect beginning August 1st, once current notice periods have expired.
“We are very pleased to be making this investment in Jane Shilton’s footwear brand,” stated Stephen Sanders, Managing Director of Shoon. “It has a clear market position supported by Jane Shilton’s heritage in handbags and developed through its partnerships with independent department stores. With a similar customer profile to Shoon, we believe we have an excellent opportunity to develop both businesses. Also, with GA Europe’s support, we have been able to revive Shoon and this deal represents an exciting stage in our development.”
Shoon operates a chain of footwear stores, selling mainly women’s branded shoes in the market between high street multiple chains and upmarket boutiques and designer labels, appealing to customers who are fashion aware with a clear sense of their own style while looking for comfort and fit at a reasonable price. The Jane Shilton outlets will complement Shoon’s existing market position and provide opportunities for significant operational synergies and cost savings in sourcing.
“We are very excited to be making this additional investment in Shoon,” added Gavin George, Chief Executive of GA Europe. “This deal demonstrates our creative approach to backing and developing retail businesses where we can successfully apply our capital while leveraging our specialized restructuring skills and extensive retail networks.”
About Great American Group, Inc. (OTCBB: GAMR)
Great American Group is a leading provider of asset disposition and auction solutions, advisory and valuation services, capital investment, and real estate advisory services for an extensive array of companies. A trusted strategic partner at every stage of the business lifecycle, Great American Group efficiently deploys resources with sector expertise to assist companies, lenders, capital providers, private equity investors and professional service firms in maximizing the value of their assets. The company has in-depth experience within the retail, industrial, real estate, healthcare, energy and technology industries. The corporate headquarters is located in Woodland Hills, Calif. with additional offices in Atlanta, Boston, Charlotte, N.C., Chicago, Dallas, New York, San Francisco and London. For more information, call (818) 884-3737 or visit www.greatamerican.com.
About GA Europe
GA Europe is a wholly owned subsidiary of the publicly listed Great American Group Inc. New to the European market in 2010, it is fast developing a compelling track record in solving challenging retail situations, operating in partnership with retailers, private equity sponsors, financial stakeholders, corporate lenders and their professional advisors. GA Europe's services focus on valuing retail assets, lending to retailers and ‘working out' complex distressed situations, often by taking senior investment positions.
Since 2010, GA Europe has completed approximately 15 transactions. Recent deals include:
November 2012: Acquired the debt of UK footwear retailer Famous Footwear. Following a review of the options for the business, concessions in 14 Beales department stores were sold on to competitor Barratts.
July 2012: Acquired the debt in value retailer Ashloch (trading as Ethel Austin), subsequently restructuring the business before a large part of the business was sold to trade player Liric.
July 2011: Acquired the debt of TJ Hughes, a 56-strong value department store chain. The business was restructured with a significant part of the chain being sold to trade player Benross Group.
Other recent engagements include advisory and operational deals on Jessops, Comet, Game Group, Fenn Wright Manson, Bonmarché, and Jane Norman, and deals in Germany and Italy with Wehmeyer Lifestyle and Blockbuster Italia, respectively.
Great American Group
Michelle Kahan, Director of Marketing
818-884-3737
mkahan@greatamerican.com
or
GA Europe
Gavin George, Chief Executive
020 3178 4760
ggeorge@greatamerican.com
or
Mulberry Marketing Communications
Christina Bereta, Account Executive
312-664-1532
cbereta@mulberrymc.com
Source: Great American Group, Inc.
RCHN..$0.299..Swiftech's H220 CPU Water Cooler receives 10 out of 10 score from Thinkcomputewrs.org
"The list of accolades could go on and on. It would have been enough to make simply the best performing unit. But Swiftech adds to that by making it virtually silent, and puts it together in a package that has everything you need. Making the kit expandable was like winning the lottery after getting you already got your dream girl...And wait there is one thing more: price. This unit is a measly $139.99 USD! I have to tell you as an avid water cooler that point there is about enough to make me cry."
RCHN..$0.299..Swiftech's H220 CPU Water Cooler receives Elite Hardware award from Pro-clockers.com
"There is no denying that the Swiftech H220 is the AiO CPU cooler to get if you want to upgrade as time goes on..This cooler performed on par with the best performing cooler we have tested which was the NZXT Kraken X60, and the X60 had a clear advantage with its 240mm radiator"
http://www.pro-clockers.com/cooling/2736-swiftech-h220-compact-drive-ii-aio-cpu-cooler.html
RCHN..$0.299..RCHN..their AIO cooler sold out in 2 days..
http://www.swiftech.com/h220.aspx
CCNI.. $0.21.. Command Center Announces February Revenue Up 11.0% to $6.25 Million
COEUR D'ALENE, Idaho--(BUSINESS WIRE)-- Command Center, Inc. (OTCQB:CCNI) (http://www.otcmarkets.com/stock/CCNI/quote), a national provider of on-demand and temporary staffing solutions, today announced revenue of $6.25 million for the four-week reporting period of February 2013 compared to $5.63 million for the comparable reporting period of February 2012. February 2013 revenue growth of 11.0% was achieved through the company’s core operations in 58 company-owned stores as compared to 52 stores one year ago.
During the month, Command Center temporarily closed one store due to weak seasonal demand, while adding one in Odessa, Texas, which is in the midst of the Permian Basin oil and gas development fields.
Todd Welstad, Chief Operating Officer, stated, “Our teams are executing well. In January, we reported revenue growth of 7.7% as compared to the same period last year. Our February revenue growth improved to 11.0% as compared to the same period last year. Our plan for 2013, shared by our newly appointed CEO, Frederick “Bubba” Sandford, is to continue to deliver top line strong revenue growth while diligently monitoring our operations to deliver continued improvement in profitability.”
About Command Center, Inc.
The company provides flexible on-demand employment solutions to businesses in the United States, primarily in the areas of light industrial, hospitality and event services, as well as other assignments such as emergency and disaster relief projects. In 2012, the company provided employment for 35,500 Field Team Members who worked 5.5 million hours for over 3,400 clients. Additional information on Command Center is available at www.commandonline.com. Information on the company’s Bakken Staffing division can be found at www.bakkenstaffing.com.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, the severity and duration of the general economic downturn, the availability of worker’s compensation insurance coverage, the availability of capital and suitable financing for the Company’s activities, the ability to attract, develop and retain qualified store managers and other personnel, product and service demand and acceptance, changes in technology, the impact of competition and pricing, government regulation, and other risks set forth in the Form 10-K filed with the Securities and Exchange Commission on April 9, 2012, and in other statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
Command Center, Inc.
Investor Relations:
Dan Jackson, 208-773-7450 ext. 4239
dan.jackson@commandonline.com
Source: Command Center, Inc.
CCNI.. $0.21.. Command Center Announces January Revenue Up 7.7% to $5.61 Million
COEUR D'ALENE, Idaho--(BUSINESS WIRE)-- Command Center, Inc. (OTCQB: CCNI) (http://www.otcmarkets.com/stock/CCNI/quote), a national provider of on-demand and temporary staffing solutions, today announced revenue of $5.61 million for the four-week reporting period of January 2013 compared to $5.21 million for the four-week reporting period of January 2012. January 2013 revenue growth of 7.7 percent was achieved through the company’s core operations in 58 company-owned stores as compared to 52 stores one year ago.
During the month, Command Center closed one unprofitable store in Dallas, Texas and continues to monitor each of its existing stores as the company focuses on improving bottom line profitability.
Todd Welstad, Chief Operating Officer, stated, “We are pleased with the top line growth that our teams achieved in January which is traditionally a difficult month for our industry. We are very proud of our employees. Our 2013 focus, shared throughout the organization, is to continue growing revenue by consistently meeting the quality needs of our clients while also ensuring that our bottom line profitability more strongly reflects the results of our efforts. We look forward to continued strong top and bottom line growth in 2013.”
About Command Center, Inc.
The company provides flexible on-demand employment solutions to businesses in the United States, primarily in the areas of light industrial, hospitality and event services, as well as other assignments such as emergency and disaster relief projects. Additional information on Command Center is available at www.commandonline.com. Information on the company’s Bakken Staffing division can be found at www.bakkenstaffing.com.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, the severity and duration of the general economic downturn, the availability of worker's compensation insurance coverage, the availability of capital and suitable financing for the Company's activities, the ability to attract, develop and retain qualified store managers and other personnel, product and service demand and acceptance, changes in technology, the impact of competition and pricing, government regulation, and other risks set forth in the Form 10-K filed with the Securities and Exchange Commission on April 9, 2012 and in other statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
Investor Relations:
Command Center, Inc.
Dan Jackson, 208-773-7450 ext. 4239
dan.jackson@commandonline.com
Source: Command Center, Inc.
VSTI.. $0.15 Making new highs daily..
VSTI.. Hits EARNINGS out of the park.. Earns $2,132,000 Clean in 4'th Qtr..
Versus Technology Announces Fiscal Year Results
Quote:
--------------------------------------------------------------------------------
Net Income (Loss) $ 3,121,000 $ 704,000 $ 3,529,000 $ (278,000)
=========== =========== =========== ===========
Basic and Diluted Net
Income Per Share $ 0.03 $ 0.01 $ 0.03 $ -
=========== =========== =========== ===========
VSTI..$0.13 Georgia-Pacific Professional and Versus Technology, Inc. Collaborate to Improve Hand Hygiene in Healthcare ..
ATLANTA, Feb. 27, 2013 /PRNewswire via COMTEX/ -- Georgia-Pacific Professional has entered into a strategic alliance with Versus Technology, Inc. to introduce the SafeHaven(TM) monitoring system, designed to help healthcare workers improve their hand hygiene participation rates.
Healthcare associated infections (HAIs) are a growing challenge affecting the quality of healthcare, and according to the CDC, the best way to help prevent the spread of HAIs is through proper hand hygiene. Therefore, improving how healthcare facilities manage these infections can help contribute to patient and healthcare worker safety, as well as help manage the costs associated with these infections.
The SafeHaven system combines Versus Real-Time Locating System (RTLS) technology and Georgia-Pacific Professional dispensers and skin care products to make it easier than ever for healthcare professionals to practice and monitor good hand hygiene, and helps create a healthier environment in their facilities.
Versus infrared and radio-frequency technology can accurately identify individuals, pinpoint their location and detect necessary hand hygiene occasions. The associated customizable software solution provides real-time hand hygiene feedback to healthcare professionals and detailed reporting to management and administration to optimize training opportunities.
For more information on the SafeHaven monitoring system from Georgia-Pacific Professional, please contact us at: 1-866-HELLO GP (435-5647).
ABOUT GEORGIA-PACIFIC PROFESSIONALGeorgia-Pacific Professional is a provider of hygienic dispensing systems, towels, tissues, soaps, air fresheners, wipers, cups, plates, cutlery and napkins. We serve a wide range of market segments, providing washroom, wiper and foodservice solutions for office buildings, education, healthcare, restaurant, lodging and manufacturing facilities through well-known product brands like enMotion, Compact, Dixie, EasyNap, SmartStock, and Brawny Industrial. For more information about Georgia-Pacific Professional, please call 1-866-HELLO GP (435-5647) or visit us at http://www.gppro.com .
GP Professional. Experience better(TM).
ABOUT VERSUS TECHNOLOGY, INC.Established in 1988, Versus Technology, Inc. specializes in real-time location systems (RTLS) for healthcare. Used by more than 700 hospitals for enterprise patient tracking, bed management, asset tracking, and nurse call automation, Versus Advantages(TM) improves patient flow and documentation of caregiver and patient interactions, while enhancing communication and efficiency. Exclusively endorsed by the American Hospital Association, the Versus Advantages infrared (IR) and Active RFID solution is responsible for clinical-grade location and automation at a number of hospitals, clinics and long-term care facilities worldwide. To learn more about Versus, our technology and client successes, visit versustech.com.
Media Contact:
Kelly FergusonGeorgia-Pacific Professionalkhfergus@gapac.com or 404-652-4704
Jenn PrattCarabiner Communicationsjpratt@carabinerpr.com or 404.655.2273
Stephanie BertschyVersus Technology, Inc.skb@versustech.com or 877.983.7787
SOURCE Versus Technology, Inc.
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Only stocks that have posted earnings for the most recent quarter, or more earnings than losses for the previous 2, 3 or 4 quarters are appropriate stocks for this board. The word "value" implies earnings.
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Value Microcaps is dedicated to finding profitable, low p/e, value stocks. Although our title would suggest a limit on market cap or stock price, we are primarily looking for the "Value" proposition and buy some stocks that are bigger. We avoid story stocks with no revenues or earnings. We do look for turnaround situations where companies have posted a profitable qtr and have indicated in their guidance that additional profits are imminent.
Only stocks that have posted earnings for the most recent quarter, or more earnings than losses for the previous 2, 3 or 4 quarters are appropriate stocks for this board. The word "value" implies earnings.
Quarterly reporting is required in order to qualify for this board. If a stock fails to report and is delisted, it no longer qualifies.
Here are some free resources that are available to perform basic DD on your stocks: SEC filings: US Corporations http://www.sec.gov/edgar/searchedgar/companysearch.html
By ticker symbol: http://yahoo.brand.edgar-online.com/default.aspx
By full text search: http://searchwww.sec.gov/EDGARFSClient/jsp/EDGAR_MainAccess.jsp
SEDAR filings: Canadian corporations http://www.sedar.com/homepage_en.htm Insider filings for Canadian public companies https://www.sedi.ca/NASApp/sedi/SVTSelectSediInsider?menukey=15.01.00&locale=en_CA
EARNINGS http://businesswire.com register and setup your preference for earnings http://www.prnewswire.com/news/
Gold Info http://www.kitco.com/
BASE METALS http://kitcometals.com/
Stock Quotes/Info http://www.nasdaq.com/ http://www.pinksheets.com/index.jsp https://www.scottrader.com/ register for demo and get free streaming quotes!
Charts http://stockcharts.com/ http://bigcharts.marketwatch.com/
Directory of Financial Info http://www.superstarinvestor.com/directory.html http://www.investopedia.com/
Energy Info http://tonto.eia.doe.gov/oog/info/ngs/ngs.html Weekly Ngas Storage Report http://www.eia.doe.gov/ http://www.321energy.com/archives.php?c=oil
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AMEX LISTINGS: TRANSFERS: http://members.cox.net/vmcspace/AMEX%202005-6%20Transfered%20from%20BB%20or%20OTC.htm IPOS: http://members.cox.net/vmcspace/AMEX%20%20IPO%202005-6.htm
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DD Workups needed:
GAMR.. $0.25
UDHI,, $0.03
CONX,, $0.14,,
ADTY,,$0.182,,
GLXZ,, $0.1628,,
CCNI,, $0.2101,,
USNU,, $0.09..
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