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it is accounts receivable financing and that is not toxic. it frees up working capital and can buy time to eventually qualify for a regular credit line from your bank
Any word on the finance restructuring? Word on anything?
How much do they need to pay off NIR?
Anyone have word yet on details for restructuring of financing?
I think it is a very well structured, passionate letter that addresses everything we want to be hearing at this point. This is a company forming the proper alliances and connections to help people! These alliances (ie. US Military branches, Vemics) are going to help EPGL grow into a respectable company.
I would much prefer this openly honest letter with strong efforts in place and in mind to bring us to a potential range that parallels Vemics, rather than some BS that is going to pump us up to .001 in a week only to let us plummet back to the abyss we are in.
The part of the letter that Sue was kind enough to bold for us says what we can expect. No predictions, no promises, just hard work toward a reachable goal for a good hearted company.
Thank you Sue for posting this!!!
GoTV = Good Old Turd Vessel
looks like from the point dubeau got involved
ok! interesting news!
I spoke with a representative from Miami Data Vault which Chris Dubeau, ATNO CEO had stated in this article http://doitforhealth.blogspot.com/2008/05/atlantis-technology-group-announces.html was the new home of GOTV. The rep was not familiar with globalonlinetelevision.com nor with atlantistechnologygroup.com. He was very friendly and spent a few minutes checking things out for me. He said "do you have a name of an individual? and maybe I can find it that way for you" I said Chris Dubeau and boy did he know that name! He quickly responded by saying he went bankrupt last year! He must have made quite an impression to be remembered so quickly by his name and not company!
So basically the article and his actions were all fraud! I'll see what else I can dig up.
The Web Site www.atlantistechnologygroup.com is down and says it is under construction...CURIOUS! Out of business? Restructuring heavily? Anyone know anything?
No surprise considering noone can get in touch with the company.
Has anyone been able to make contact with anyone at ATG via some unknown hidden number or email? Are they now out of business immediatley following the spring launch? Being sued?
InterVision Network Corporation Acquires Intellectual Property of Internet Protocol Television (IPTV) Processes ...january release http://www.reuters.com/article/pressRelease/idUS223605+31-Jan-2008+MW20080131
http://www.ivnet.tv/home.html
they are a pinky and running at .49 cents
WHAT IS WRONG WITH ATNO?
Hey Sue, would yo mind sharing individually via pm? I would love to know. Thanks
Well I own it and share koda's and many other's who have similar opinions. I welcome their helpful nature. We have seen a steady decline in the CEO's shareholder interest to the point now that he WILL NOT respond to any inquiries. The company is in dire straights and needs some heavy, heavy fuel. Many of us are now forced to hold until we see light...unfortunate to say the least! I believe koda especially has the right to post on this board considering the loss she has experienced because of the deceitful techniques employed by SH
I wrote another email asking about the letter. No response! That's 4-5 times I have written SH with no response recently. Never used to be an issue. Not a good sign.
I sent SH an email and re-sent the same one two additional times (spaced over a week. No response. I suppose the writing has been on the wall.
I think it is unfair to classify Sue as a pumper. She has merely been passing along information as she finds it. I for one am glad she is on this board.
10Q is out
Irritating when something is said and not followed through on.
A press release on the University dealers will be forthcoming next week. Other deals are pending, which we expect to announce within the next 30-90 days.
This was from May 1st. It is now May 14th! Maybe someone can help me with my calculatons but I have that as 2 weeks....and still no PR!
Today we see a "flatline" on the charts which indicates we are coding and need life support.
Today is day 103 of the acquisition process. (90-120 days estimated, if it is still alive)
Countdown to shareholder letter - 1 day (likely posted by end of week)
Countdown to 10Q - 16 days (likely filed late so 19 days)
April 23, 2008 08:00 AM Eastern Daylight Time
DealerAdvance™ Signs One of Nation's Oldest Nissan Dealerships
ADDISON, Texas--(BUSINESS WIRE)--DealerAdvance™, Inc. (OTCBB:DLAV), announced today that the company has signed Bill Seidle Nissan to a contract for their WebDA™ hand-held solution. Bill Seidle owns and operates eight new car dealers in Florida with brands including Nissan, Mitsubishi, Suzuki, Kia, Hyundai, and Chevrolet.
In making the announcement, CEO Steven Humphries said, “Bill Seidle is one of the oldest Nissan dealers in the USA and is expected to be one of the Company’s largest clients. The contract extends to 36 months, adding $36,000 in revenue to a quickly growing company and a widely accepted WebDA™ product.”
Bill Seidle Vice President Lenny Larerea commented, “We are very impressed with the new WebDA™ product. The DealerAdvance™ system has been a big part of our success at the Nissan Store and if all goes as expected it will open the doors for the product at our other 7 stores in Florida.”
Humphries reported that the addition of all 7 Seidle stores would generate an additional $250,000 in revenue during the life of the contract.
WebDA™ is the newest iteration of DLAV’s hand-held “CRM” application. The new hand-held application allows sales people land dealers to access their sales operation (daily appointments set, deals pending, deals closed, demos, individual work plans, etc.) on or off the lot, which allows management to view hour-by-hour activities of the dealership for virtually anywhere, anytime. According to Humphries, it’s accountability at its best as dealers that have utilized the original DealerAdvance™ system have shown a 90% increase in captured customer data and a 30% increase in appointment setting. The new hand-held application will have even a great impact on sales. “It’s all about sales,” says Humphries, “theirs and ours.”
DealerAdvance, Inc. (www.dealeradvance.com) is an innovator in applying technology and the Internet along with process improvement methods to increase business efficiency and sales. The Company has developed the only hand-held technology that is an integrated technology called WebDA™ which, among many features, allows automobile dealers to capture a customer's purchasing requirements, customers and dealerships personnel to search inventory at multiple locations, locate an appropriate vehicle in stock and print out the necessary forms. Through an integrated CRM (Customer Relationship Management) application, the system sends detailed tasks for prospect and customer follow-up and produces management reports to measure compliance. DealerAdvance™ allows sales professionals to increase sales, improve customer follow-up, and reduce administrative costs. The new web based hand-held application allows sales people to desk a deal from anywhere on the lot and allows management access from off the lot, which creates complete accountability for the dealers' operations.
The statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 (“the Securities Act”), as amended and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as “believes,” “expects,” “may,” “will,” “should,” or “anticipates” or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. In particular, our statements regarding the anticipated growth in the markets for our technologies, the continued development of our products, the approval of our Patent Applications, the successful implementation of our sales and marketing strategies, the anticipated longer term growth of our business, and the timing of the projects and trends in future operating performance are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the timing of revenues due to the uncertainty of market acceptance and the timing and completion of pilot project analysis, and other factors, including general economic conditions, not within our control. The factors discussed herein and expressed from time to time in our filings with the Securities and Exchange Commission could cause actual results to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only as of the date of this filing and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
TO: All DLAV Shareholders
FROM: Steven Humphries
RE: "DLAVE"
DATE: April 18, 2008
Due to the late filing of the DLAV 10K on March 17, 2008, an "E" was placed on our symbol indicating such. I spoke with the NASDAQ Marketing Integrity office this morning and confirmed that the "E" will be removed for trading on Monday, April 21, 2008.
The March 31st shareholder update letter on the DLAV site http://www.dealeradvance.com/share.php
Here's what I find interesting. Joe owns 4,395,441 shares. If he has about $500k invested of his own money (and has expressed his interest in NOT losing it), the share value needs to at least get to .11 pps for him to get his investment back.
Hirsch has 24,393 held for each of his kids which right now is valued at $9.75...at .11 pps it's only $2,683.
Seems to me they expect MUCH bigger numbers....and a WHOPPER pps.
The general purpose and effect of the amendment to the Company's Articles of Incorporation is to authorize 1,500,000,000 additional shares of Common Stock. The Board of Directors believes that it is prudent to have additional shares of Common Stock available for general corporate purposes, including acquisitions, equity financings, stock dividends, stock splits or other recapitalizations, and grants of stock options. Specifically, the increase in authorized shares is necessary based upon the recent financing completed by the Company. When the Board of Directors deem it to be in the best interests of the Company and the Stockholders to issue additional shares of Common Stock in the future from authorized shares, the Board of Directors generally will not seek further authorization by vote of the Stockholders, unless such authorization is otherwise required by law or regulations.
These additional shares of Common Stock could have an anti-takeover effect. If the Company's Board of Directors desires to issue additional shares in the future, such issuance could dilute the voting power of a person seeking control of the Company, thereby deterring or rendering more difficult a merger, tender offer, proxy contest or an extraordinary corporate transaction opposed by the Company.
Yeah, that's what I'm afraid of. I'm not writing it off by any means, SH IS known to surprise but the silence is a bit disconcerting. Oh well. Like I said many times before, I'm in for the long haul. Even though the acquisition would be the thing that pushes us over the revenue edge, numerous sales will get us there as well.
Time will tell
I agree he did say there will be PR's about signed deals but I was really inquiring about PR's related specifically to revenues and whether or not the acquisition is still on the table. I don't see either of those requests in his shareholder letter. Please show me if I am missing something.
Actually Thurston is correct. All I was looking for was a vote of confidence...nothing more nothing less. I thought I structured the email with that message in mind. All I was looking for was "yeah, we are still working on the acquisition and we will be PR'ing that and other items over the coming months. I don't think a response like that reveals anything that is confidential...it doesn't say anything that leads us to believe anything is forthcoming outside of what has been stated. What it DOES say is "hey, we are still rockin and rolln over here...hang with us like you have been. We are looking forward to a great few years as well." I think if SH is going to deal with shareholders instead of appointed that task to someone else, he can at least offer the courtesy of a response that is tailored to the initial message.!?>!
Received a response from SH....and I quote "Thanks for your email. Please see the updates on the web site for all new news."
I'm very displeased!
Here is the email....
Thanks for your email. Please see the updates on the web site for all new news.
----- Original Message -----
From: xxx xxxxxxxxxx <xx@xxxxxxxxxxxxxx.com>
To: Steve Humphries
Sent: Fri Apr 04 10:40:33 2008
Subject: Shareholder Update
Mr. Humphries,
I realize your team is currently striving to close many deals and I am excited about the future of DLAV.
Would you please enlighten me as to the status of the acquisition you announced on Jan. 17th. I know we are at around 80 days and I understand these deals take time (90-120 days was your hopeful estimate), however I would like to know if the deal is still in the works? I am also curious if you are planning to PR any of the revenues to support the 10k helping to raise awareness to the general investor community spurring more interest in DLAV.
The deals your team are closing will do great things for DLAV and the shareholders. I am very patient and looking forward to a great '08 & '09 for serious growth. Keep up the great work and if you can, keep those PR's coming.
Best regards,
xxx xxxxxxxxxx
I sent SH an email yesterday asking about the aquisition and revenue PR's supporting the 10k so when I get a response I will post it. He has always responded within a few days so we will see.
Shareholder Update
TO: All DLAV Shareholders
FROM: Steven Humphries
RE: Monthly Update
DATE: March 31, 2008
March was a great month for the Company as we solidified many relationships with distributors for our WebDA product that we met at the NADA or were introduced by International Automotive Associates, Inc. There are still pending deals with distributors that we anticipate to get signed. All of these relationships will directly translate into a dramatic increase in sales over the balance of the year, and years to come.
Additionally we are currently negotiating with a large auto auction group that represents 38 auctions and nearly 5,000 dealers across the USA. We are hopeful that a fraction of their dealers will take on our product.
We have also negotiated agreements with a number of individual dealerships that will be signed and announced in up-coming press releases over the next two to three weeks. One dealership in particular is part of a seven-store group, of which we are hopeful to sign the remaining six stores as well, in the upcoming months.
In March we changed legal counsel due to many omissions made by our previous firm. Our new counsel spent several days with me and our CFO last week to get us caught up on all pertinent filings, etc.
We filed for an extension of the 10K due to the fact that our financial statements were not ready for the auditors.
As of 3/28/2008 the O/S is 490,824,656.
I have no intentions whatsoever to nag or degrade this company. My position has been positive since I took a position in Nov. and I will continue to remain optimistic.
I am in this for the long haul and expect it to catapult upon announcement of sales! Dolphy and others are entitled to take whatever position (pos or neg) that suits them. People like Dolphy and some others who HAVE a position here and are the ones I am willing to help regardless of if we agree on all points....thus my earlier post.
Sometimes silence isn't always negative. Sure it is affecting our current situation in a negative way but we will rebound from this and things will be much prettier as the coming months and news unfold.
Please don't make blanket assumptions without knowing the history of the individuals you are attacking.
DOLPHY,
Give one of the Dave's a call/email or if you prefer you can structure a letter, post it here and evryone can add their 2 cents and I will send it off to each member of the management team for you.
Management Team:
Steven Humphries, President and Chief Executive Officer
Dave Scaturro, Vice President/Sales
David Wange, Chief Financial Officer
Raj Sharma, Chief Information Officer
Post what you have. We only delete what is off topic. If it is news that pertains to SH then why not share it.
Well the 10k will either be out on monday or if they file late mid april and the 10q mid may so we don't have long to wait.
I'm pretty sure that PR was not related to the acquisition. His 1/17 announcement stated they were hopeful to have the deal finalized in 90-120 days which still leaves us 1-2 months which is pretty typical.
To the other issues I can see both sides. The fact the filings were on friday was not a real big deal to me but the errors are. I think complaints/concerns can only show SH that shareholders are concerned and that he needs to tread a straight line.
I still think he has the big picture in mind and it will be great for all involved. I am personally waiting everything out with patience. I don't expect everything to go our way right out of the gate but do still feel it will be ok in the not so distant future.
There are a large number of things we are waiting on that are all tied to the ACTUAL revenue numbers and many are set to unfold at the same time...1-2 months.
Common sense will tell you that if Wange were to dump his 1Mil shares at this level he is not coming close to breaking the bank! If he dumps 10Mil at these levels the bank will still hold strong. This whole dillution crap that has been talked about for months is ridiculous. Are they dilluting to pay bills? Absolutely. Are they dumping shares to line their pockets....GET REAL!
We saw the OS grow, that is undeniable. But it hasn't grown enough to support these ridiculous claims of the CEO and CFO lining their pockets. We have a reputable CEO who is not going to tarnish that by dumping 40Mil shares at these levels for a measly 60k. Nor will he dump them at .01 for a measly 400k when the upside is far greater. Back to the common sense....Wouldn't you pump it up to at least .10 if you were gonna dump it? Of course! SH is trying to turn this company around and has been doing well with it thus far.
I know someone is going to say how can these levels have us doing well. These levels suck! But there is a bright light at the end of the tunnel! All I know is that there are some great pieces of news that will be coming out between next week and the upcoming months. Are we going to strike gold? That's a relative question. Guess it depends on how much you're holding and what you deem good coin!
This is one of those stocks I will watch closely (for good and bad) and hold until the end of 09 or if something big happens before that then great! You can't form a multi-million dollar compay overnight! I think the things SH is doing are going to make this company just that...just in time!
What was your concern with it?
Here is what I see.
•HMG information and sales people on either side to lead people to the center area.
•Flat screen TV's displaying the product from multiple angles
•An open space layout to allow for visitors to feel comfortable gathering information
•Dealer advance on a convex sign to allow broader visability.
•A meeting area to discuss the product in lengthier detail
•Approachable sales people
Just initial impression.
I don't think pronouncing HMG is a bad thing! When your foot is in the door with one company (DLAV or HMG) it is much easier to push the product and success of the other.