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CYXN (.57) Fiscal Year 2009 EPS .15
Speak about undervalued....strong balance sheet...going to list on Nasdaq or AMEX this year...EPS huge. PE is only 4. 10-k just released. No PR yet. Looking for one after the close or tomorrow morning.
LGL looking for a $7 break! Tiny float, huge EPS!
LGL exploding!! 6.85!! tiny float!!!
LGL exploding only 1 mil shares in float!!
LGL gonna break $7 today! 2mil shares OS
LGL blowing up on huge EPS, tiny float!!
30 cents in EPS for the quarter, and float is only 1 million shares. Management said revenues will be sustainable.
LGL .30 EPS only 1 mil shares in float
Check out the earnings!!! Before one-time items, the company earned 30 cents EPS. The share count is only 2 million shares and the float is 1 million. This one is going way higher.
LGL Breaking out on great EPS, TINY FLOAT!
Going to blow through $7 soon only 2 million shares OS and 1 million in the float!!!
LGL going to $7 only 1 mil shares in Float!!
LGL .30 EPS 2 mil shares OS
Check out the earnings today. Before one-time items, the company earned 30 cents EPS. The share count is only 2 million shares and the float is 1 million.
KIK re: SMID
Do you own any shares? I have a small position.
The earnings for Q4 look like they went negative. Balance sheet & book value are great, but earnings seem to always be inconsistent. I think I may be a seller tomorrow morning. Will probably have to get out at a crappy price though.
KIK re: DLPX
Do you know why they delisted and are they planning on getting re-listed on the Nasdaq?
I am interested in the stock.
KIK re: SERV
I saw your posting on the Motherboard. I bought in at an average price of 3.42 after the news and sold it all at an average of 4.62. Seems like I sold a little too early-- but a profit is a profit! The share count and float were so damn low on the stock, it was bound to pop with that kind of news. Did you buy any?
About my zip code...
I decided to buy an island instead! ;o)
CYXN (.59) expects EPS of .16 for year
CYXN is expected to release earnings any day now. I am guessing the stock will pop hard.
It looks like CYXN is expecting to earn around 10 cents EPS in the fourth quarter. They gave guidance of 16 cents for the current year. They also hired enough directors to uplist on a senior stock exchange.
Here are the PRs:
http://finance.yahoo.com/news/China-Yongxin-Pharmaceuticals-prnews-1506854371.html?x=0&.v=5
http://finance.yahoo.com/news/China-Yongxin-Pharmaceuticals-prnews-4081797257.html?x=0&.v=2
EPS is huge for the stock only trading at 59 cents. Balance sheet looks good.
Gilead another thing to ask Gene
It is definitely in his best interest to uplist. If he does not want to uplist on the Nasdaq or AMEX, he should consider listing on the Australian Stock Exchange (ASX). After all, the company is based in Australia.
AYSI PR due out....
My guess is we will see another AYSI PR out soon.
The quarter ends March 31st, and the 10-Q is due May 15th so we are less than two months from that point. They will probably announce the preliminaries like they did for the fourth quarter.
We need a PR about the third mill being finished or another signed contract. But what I REALLY want to see is an attempt to uplist this to the Nasdaq/AMEX. They already have the listing requirements met, don't they?
AYSI very surprised in lack of movement!
I have been accumulating AYSI over the last couple weeks and will continue adding more. I feel that it is just a matter of time before it explodes higher. Their Q1 earnings should look better than Q4 (which was an amazing quarter). Let's hope they have some plans on uplisting soon. I truly think this one could explode higher this year. If we get another PR about the signing of an additional contract or the completion of the third mill, Booom.
KIK thoughts on AKRK (.42)
AKRK (Asia Cork) should be filling their annual report by the end of this month. They are profitable, with a very strong balance sheet. Looks like from their SEC filing they are planning on getting listed on the AMEX/NYSE. I am guessing this one runs higher into the earnings report!
Check out the stock. I don't think too many people know about it.
POWN .64 unbelievable move!
This one is running like a scalded chimp.
littlefish AYSI Uplisting
littlefish-- AYSI is looking very cheap here based on the third & fourth mill on the way. I am betting their Q1 numbers will be huge with no holiday down-time. I am very surprised the stock is still hanging around the $3 range.
Have you ever asked management if they plan to uplist to the Nasdaq or NYSE?
CNAM 10.50 where is everyone!?
CNAM 9.60 wow look at it run!
KIK Check out CNAM 8.50!
I am guessing this has a SCOK type move. Huge volume...only 10 million shares outstanding, 4 million in the float, and over 6 million traded today. We should see above $10 tomorrow. It is trading higher in after hours currently 8.60.
CNAM (7.83) the next SCOK
I believe the next SCOK will be CNAM. Only 10 million shares Already almost 5 million shares traded. Outstanding. Amazing news today of signing a $100 million dollar contract. I bet tomorrow it goes double digits.
China Armco Metals Enters Into Scrap Steel Supply Contract With Major China Steel Producer Valued at up to $100 Million in 2010Font size: A | A | A7:01 AM ET 3/4/10 | Marketwire
China Armco Metals, Inc. (NYSE Amex: CNAM), a distributor of imported metal ore and metal recycler with a new state of the art scrap metal recycling facility in China, today announced that Armet Renewable Resource Company, Limited, the Company's wholly owned subsidiary, has signed a contract to supply a major Chinese steel producer with up to 230,000 tons of scrap steel in 2010. The contract calls for the delivery of up to 23,000 metric tons of scrap steel per month for 10 months beginning in March of 2010. Based on the current spot price of scrap steel, this supply contract is valued at over $100 million.
Management anticipates this supply contract will allow the company to sell all of the initial production from its recently completed 1 million ton recycling facility during the first several months of operation. Additionally, management anticipates reaching a full capacity run rate sometime in the fourth quarter of 2010. At full capacity the facility is capable of processing approximately 1 million metric tons of scrap steel per year or over $400 million annually at current prices.
Commenting on the supply contract, Mr. Kexuan Yao, CEO and Chairman of China Armco Metals, Inc., stated, "We are very excited to have secured such a sizable contract with this leading steel producer. This essentially has pre-sold the first several months of production from our newly opened facility as we ramp up capacity over the coming quarters. We are confident that this contract coupled with our other operations will enable our company to experience significant revenue growth and enhanced earnings power for the foreseeable future."
About China Armco Metals, Inc.
China Armco Metals, Inc. is engaged in the sale and distribution of metal ore and non-ferrous metals throughout the PRC and has entered the recycling business with the Company's acquisition of 22 acres of land for the construction and operation of a one million ton per year shredder and recycler of metals. The Company maintains customers throughout China which include the fastest growing steel producing mills and foundries in the PRC. Raw materials are supplied from global suppliers in India, Hong Kong, Nigeria, Brazil, Turkey, the Philippines and Libya. The Company's product lines include ferrous and non-ferrous ore; iron ore, chrome ore, nickel ore, copper ore, manganese ore and steel billet. Upon completion and testing of its new facility late in the fourth quarter of 2009, China Armco Metals expects to launch operations in its steel recycling and scrap metal recycling business early in 2010. The recycling facility is expected to be capable of recycling one million metric tons of scrap metal per year which will position the Company as one of the top 10 largest recyclers of scrap metal in China. ARMCO estimates the recycled metal market as 70 million metric tons. For more information about China Armco, please visit http://www.armcometals.com
Safe Harbor Statement
This press release contains forward-looking statements. China Armco Metals, Inc. is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements. Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes" and "projects") may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our guidance and expectations regarding revenues, net income and earnings.
We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor include unforeseen natural disasters, our ability to deliver the quantity stated in our contract, fluctuations in raw material prices, we may not be able to pass on cost increases to customers and disclosure contained in our Securities and Exchange Commission filings, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2008.
Contact:
China Armco Metals, Inc.
Gary Liu
U.S. Representative
954-363-7333
ir@armcometals.com
SOURCE: China Armco Metals, Inc.
mailto:954-363-7333ir@armcometals.com
POWN (.33) amazing!
KIK-- did you ever gobble up any shares?
POWN has been on the move big-time. Disney is paying for a substantial amount of their overheads costs, so most of the revenues earned by POW will fall to the bottom line. I took this opportunity to take 40% of my position off the table, which gave me huge profits. My remaining 60% position I will hold long term, as I have nothing to lose (they are free shares!).
POWN (.15) Investment Bank Engaged
I am guessing they will be uplisting to the OTCBB soon. Very impressive that they are hiring in this environment. Looks like their collaborations with Disney are going quite well!
Investment Bank Engaged for Stan Lee's POW! Entertainment
businesswire
POW! Entertainment On Tuesday February 9, 2010, 4:05 pm EST
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--POW! Entertainment (Pink Sheets:POWN - News), and the legendary comic book icon and head of the entertainment company, Stan Lee, is pleased to announce that POW! has engaged the services of a New Jersey based boutique investment bank, Celadon Financial Group. POW! Entertainment, which has been trading on the US Pink Sheet market, is looking to explore opportunities to better position itself for growth in the public marketplace. The preliminary plan is to reorganize the corporate structure as well as enhance their internal infrastructure by bringing additional writers, illustrators and staff in-house. Said Gill Champion, President and COO, “We are extremely excited to be working with a firm like Celadon. Their experience and integrity will no doubt help POW! Entertainment achieve ‘Superhero’ status in the business world.”
Celadon will be working closely with POW! to determine the best way to reach their business goals. Daryl Hersch, President and CEO of Celadon Financial Group, states, “We are honored and pleased that POW! Entertainment has chosen our experienced team to assist with their corporate finance needs. We hope that, from our position outside Hollywood and bulge-bracket Wall St, we could bring a new perspective to the company which will help them reach their next phase of corporate success.”
ABOUT POW! (PURVEYORS OF WONDER) ENTERTAINMENT, INC.
An advanced media and entertainment company with a first-look deal with Disney, POW! (Pink Sheets:POWN - News) was founded by world-famous comic book and motion picture icon Stan Lee, together with award-winning producer Gill Champion and intellectual property specialist Arthur Lieberman, Esq. POW!’s principals have extensive backgrounds in the entertainment industry encompassing the creation, production and licensing of original intellectual properties, including some of the most successful entertainment franchises of all time. POW!, capitalizing on this combined expertise, specializes in franchises for the entertainment industry, including animation and live-action feature films, plus television, DVDs, video games, merchandising and related ancillary markets, all of which contribute to global expansion. POW! partners with other individuals and entities of entertainment’s top echelon, including studios and networks, in the creation, licensing and distribution of new POW! character franchises. www.powentertainment.com
ABOUT CELADON FINANCIAL GROUP, LLC
Founded in 1986, Celadon Financial Group, LLC is a full-service brokerage firm that meets the needs of institutional, corporate and high-net-worth clients. Celadon’s broad spectrum of capabilities includes a full complement of Prime Brokerage and Execution Services, Investment Banking, and Wealth Management. Celadon is headquartered in Chatham, New Jersey, with offices in New York City and Boston, serving a diverse client base in the United States and abroad. Celadon Financial Group is a member of FINRA, MSRB, and SIPC.
POWN (.15) Investment Bank Engaged
I am guessing they will be uplisting to the OTCBB soon. Very impressive that they are hiring in this environment. Looks like their collaborations with Disney are going quite well!
Investment Bank Engaged for Stan Lee's POW! Entertainment
businesswire
POW! Entertainment On Tuesday February 9, 2010, 4:05 pm EST
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--POW! Entertainment (Pink Sheets:POWN - News), and the legendary comic book icon and head of the entertainment company, Stan Lee, is pleased to announce that POW! has engaged the services of a New Jersey based boutique investment bank, Celadon Financial Group. POW! Entertainment, which has been trading on the US Pink Sheet market, is looking to explore opportunities to better position itself for growth in the public marketplace. The preliminary plan is to reorganize the corporate structure as well as enhance their internal infrastructure by bringing additional writers, illustrators and staff in-house. Said Gill Champion, President and COO, “We are extremely excited to be working with a firm like Celadon. Their experience and integrity will no doubt help POW! Entertainment achieve ‘Superhero’ status in the business world.”
Celadon will be working closely with POW! to determine the best way to reach their business goals. Daryl Hersch, President and CEO of Celadon Financial Group, states, “We are honored and pleased that POW! Entertainment has chosen our experienced team to assist with their corporate finance needs. We hope that, from our position outside Hollywood and bulge-bracket Wall St, we could bring a new perspective to the company which will help them reach their next phase of corporate success.”
ABOUT POW! (PURVEYORS OF WONDER) ENTERTAINMENT, INC.
An advanced media and entertainment company with a first-look deal with Disney, POW! (Pink Sheets:POWN - News) was founded by world-famous comic book and motion picture icon Stan Lee, together with award-winning producer Gill Champion and intellectual property specialist Arthur Lieberman, Esq. POW!’s principals have extensive backgrounds in the entertainment industry encompassing the creation, production and licensing of original intellectual properties, including some of the most successful entertainment franchises of all time. POW!, capitalizing on this combined expertise, specializes in franchises for the entertainment industry, including animation and live-action feature films, plus television, DVDs, video games, merchandising and related ancillary markets, all of which contribute to global expansion. POW! partners with other individuals and entities of entertainment’s top echelon, including studios and networks, in the creation, licensing and distribution of new POW! character franchises. www.powentertainment.com
ABOUT CELADON FINANCIAL GROUP, LLC
Founded in 1986, Celadon Financial Group, LLC is a full-service brokerage firm that meets the needs of institutional, corporate and high-net-worth clients. Celadon’s broad spectrum of capabilities includes a full complement of Prime Brokerage and Execution Services, Investment Banking, and Wealth Management. Celadon is headquartered in Chatham, New Jersey, with offices in New York City and Boston, serving a diverse client base in the United States and abroad. Celadon Financial Group is a member of FINRA, MSRB, and SIPC.
POWN (.15) Investment Bank Engaged
I am guessing they will be uplisting to the OTCBB soon. Very impressive that they are hiring in this environment. Looks like their collaborations with Disney are going quite well!
Investment Bank Engaged for Stan Lee's POW! Entertainment
businesswire
POW! Entertainment On Tuesday February 9, 2010, 4:05 pm EST
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--POW! Entertainment (Pink Sheets:POWN - News), and the legendary comic book icon and head of the entertainment company, Stan Lee, is pleased to announce that POW! has engaged the services of a New Jersey based boutique investment bank, Celadon Financial Group. POW! Entertainment, which has been trading on the US Pink Sheet market, is looking to explore opportunities to better position itself for growth in the public marketplace. The preliminary plan is to reorganize the corporate structure as well as enhance their internal infrastructure by bringing additional writers, illustrators and staff in-house. Said Gill Champion, President and COO, “We are extremely excited to be working with a firm like Celadon. Their experience and integrity will no doubt help POW! Entertainment achieve ‘Superhero’ status in the business world.”
Celadon will be working closely with POW! to determine the best way to reach their business goals. Daryl Hersch, President and CEO of Celadon Financial Group, states, “We are honored and pleased that POW! Entertainment has chosen our experienced team to assist with their corporate finance needs. We hope that, from our position outside Hollywood and bulge-bracket Wall St, we could bring a new perspective to the company which will help them reach their next phase of corporate success.”
ABOUT POW! (PURVEYORS OF WONDER) ENTERTAINMENT, INC.
An advanced media and entertainment company with a first-look deal with Disney, POW! (Pink Sheets:POWN - News) was founded by world-famous comic book and motion picture icon Stan Lee, together with award-winning producer Gill Champion and intellectual property specialist Arthur Lieberman, Esq. POW!’s principals have extensive backgrounds in the entertainment industry encompassing the creation, production and licensing of original intellectual properties, including some of the most successful entertainment franchises of all time. POW!, capitalizing on this combined expertise, specializes in franchises for the entertainment industry, including animation and live-action feature films, plus television, DVDs, video games, merchandising and related ancillary markets, all of which contribute to global expansion. POW! partners with other individuals and entities of entertainment’s top echelon, including studios and networks, in the creation, licensing and distribution of new POW! character franchises. www.powentertainment.com
ABOUT CELADON FINANCIAL GROUP, LLC
Founded in 1986, Celadon Financial Group, LLC is a full-service brokerage firm that meets the needs of institutional, corporate and high-net-worth clients. Celadon’s broad spectrum of capabilities includes a full complement of Prime Brokerage and Execution Services, Investment Banking, and Wealth Management. Celadon is headquartered in Chatham, New Jersey, with offices in New York City and Boston, serving a diverse client base in the United States and abroad. Celadon Financial Group is a member of FINRA, MSRB, and SIPC.
STVI volume up big on great news yesterday!
Revenue run rate growth of 79%!! Profitable, low OS of 30 million, tiny float, and strong balance sheet!
STVI (.24) awesome news, low OS, strong balance sheet
Balance sheet has lots of cash, low float, low OS of only 30 million shares, and gigantic revenue growth! Volume is popping today on yesterday's news below.
SNAP Interactive Reports 79% Increase in Revenue Run Rate Based on December 2009 Gross Receipts
2:19 PM ET 1/26/10 | Marketwire
SNAP Interactive, Inc. (OTCBB: STVI), a leading provider of online dating applications for social networking websites, is pleased to announce that it has an experienced a significant increase in gross receipts since transitioning to a premium subscription model on its 'Are You Interested?' brand in late 2009.
View data-- $5.6 million + Annual Revenue Run Rate Based on December 2009 Gross
Receipts
-- Based on December 2009 Gross Receipts, Annual Run Rate Increases More
than 79% over Pre-subscription Revenue Run Rate
-- Recurring Revenue from 3 & 6 Month Subscriptions Expected to Propel
Further Revenue Growth
-- $5.6 million + Annual Revenue Run Rate Based on December 2009 Gross Receipts -- Based on December 2009 Gross Receipts, Annual Run Rate Increases More than 79% over Pre-subscription Revenue Run Rate -- Recurring Revenue from 3 & 6 Month Subscriptions Expected to Propel Further Revenue Growth
For the month of December 2009 our revenue run rate based on gross receipts has increased to more than $5.6 million on an annual basis. This represents an increase of more than 79% from our 2009 revenue run rate of slightly more than $3 million as of September 30, 2009. These sales include gross revenue from the sale of multi month subscriptions as well as advertising revenue. However, from a GAAP accounting perspective revenues from multi month subscriptions are recognized over the length of the subscription rather than when purchased.
SNAP CEO Cliff Lerner stated: "The second half of 2009 was largely devoted to our transition to a subscription-based premium membership model on our 'Are You Interested?' brand. The subscription model has been successful in the online dating industry and we felt that converting to such a model was in our best interests in order for the company to grow and prosper as well as help us meet our objective of becoming less advertising-dependent for revenue generation. Another important change as a result of this transition is that we have now increased our spending on advertising and marketing and this may cause us to operate at a net loss in the near-term while the model ramps up. However based on the initial data that we have seen we are very pleased with the early results from our subscription model."
Lerner continued, "What is perhaps most encouraging about these early results is that these figures do not reflect any projected additional revenue from recurring subscriptions by current subscribers. The recurring revenue component is where the potential from this model becomes most visible and exciting. The majority of our subscription revenue is from users who purchased 3 and 6 month subscriptions. The current data does not reflect any incremental revenue from these users recurring once their initial subscriptions conclude. Clearly each user has a value to us far beyond what is attained from their initial purchase and this additional incremental revenue could be quite substantial. A further benefit of this model is that our revenue stream becomes more stable and allows to us to better forecast our revenues and expenses going forward. We look forward to seeing the full rewards of the subscription model in 2010 as the program continues to ramp up and further optimizations are made."
About SNAP Interactive, Inc.
Incorporated in Delaware and headquartered in New York City, SNAP Interactive, Inc. is a leading provider of online dating applications for social networking websites and mobile platforms. SNAP has developed two dating applications built on Facebook(R) Platform which have more than 19 million installations on Facebook. SNAP has also launched dating applications on MySpace Developer Platform, Bebo, and Hi5 Developer Platform. SNAP's portfolio also includes an online dating site for singles called AreYouInterested.com that utilizes Facebook Connect to share content with their Facebook friends and an iPhone application for mobile dating called 'Are You Interested?' For more information visit www.snap-interactive.com.
Facebook(R) is a registered trademark of Facebook Inc.
iPhone(TM) is a trademark of Apple Inc.
Forward-Looking Safe Harbor Statement:
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially from forecasted results. These risks and uncertainties include our ability to: attract members; convert members into paying subscribers and retain our paying subscribers; our ability to successfully implement our current long-term growth strategy; as well as product demand, market competition, fluctuations in advertising payouts, delays in website & application development, technical issues beyond our control, reliance on the various platforms that we build applications on, and risks inherent in our operations. For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at http://www.sec.gov.
Contact:
SNAP Interactive, Inc.
Email Contact
SOURCE: SNAP Interactive, Inc.
http://www2.marketwire.com/mw/emailprcntct?id=FF67B14B88A5AA9B
STVI (.24) popping huge on awesome news!
Only 30 million shares outstanding, nice balance sheet with lots of cash, and huge revenue growth!!
SNAP Interactive Reports 79% Increase in Revenue Run Rate Based on December 2009 Gross Receipts
2:19 PM ET 1/26/10 | Marketwire
SNAP Interactive, Inc. (OTCBB: STVI), a leading provider of online dating applications for social networking websites, is pleased to announce that it has an experienced a significant increase in gross receipts since transitioning to a premium subscription model on its 'Are You Interested?' brand in late 2009.
View data-- $5.6 million + Annual Revenue Run Rate Based on December 2009 Gross
Receipts
-- Based on December 2009 Gross Receipts, Annual Run Rate Increases More
than 79% over Pre-subscription Revenue Run Rate
-- Recurring Revenue from 3 & 6 Month Subscriptions Expected to Propel
Further Revenue Growth
-- $5.6 million + Annual Revenue Run Rate Based on December 2009 Gross Receipts -- Based on December 2009 Gross Receipts, Annual Run Rate Increases More than 79% over Pre-subscription Revenue Run Rate -- Recurring Revenue from 3 & 6 Month Subscriptions Expected to Propel Further Revenue Growth
For the month of December 2009 our revenue run rate based on gross receipts has increased to more than $5.6 million on an annual basis. This represents an increase of more than 79% from our 2009 revenue run rate of slightly more than $3 million as of September 30, 2009. These sales include gross revenue from the sale of multi month subscriptions as well as advertising revenue. However, from a GAAP accounting perspective revenues from multi month subscriptions are recognized over the length of the subscription rather than when purchased.
SNAP CEO Cliff Lerner stated: "The second half of 2009 was largely devoted to our transition to a subscription-based premium membership model on our 'Are You Interested?' brand. The subscription model has been successful in the online dating industry and we felt that converting to such a model was in our best interests in order for the company to grow and prosper as well as help us meet our objective of becoming less advertising-dependent for revenue generation. Another important change as a result of this transition is that we have now increased our spending on advertising and marketing and this may cause us to operate at a net loss in the near-term while the model ramps up. However based on the initial data that we have seen we are very pleased with the early results from our subscription model."
Lerner continued, "What is perhaps most encouraging about these early results is that these figures do not reflect any projected additional revenue from recurring subscriptions by current subscribers. The recurring revenue component is where the potential from this model becomes most visible and exciting. The majority of our subscription revenue is from users who purchased 3 and 6 month subscriptions. The current data does not reflect any incremental revenue from these users recurring once their initial subscriptions conclude. Clearly each user has a value to us far beyond what is attained from their initial purchase and this additional incremental revenue could be quite substantial. A further benefit of this model is that our revenue stream becomes more stable and allows to us to better forecast our revenues and expenses going forward. We look forward to seeing the full rewards of the subscription model in 2010 as the program continues to ramp up and further optimizations are made."
About SNAP Interactive, Inc.
Incorporated in Delaware and headquartered in New York City, SNAP Interactive, Inc. is a leading provider of online dating applications for social networking websites and mobile platforms. SNAP has developed two dating applications built on Facebook(R) Platform which have more than 19 million installations on Facebook. SNAP has also launched dating applications on MySpace Developer Platform, Bebo, and Hi5 Developer Platform. SNAP's portfolio also includes an online dating site for singles called AreYouInterested.com that utilizes Facebook Connect to share content with their Facebook friends and an iPhone application for mobile dating called 'Are You Interested?' For more information visit www.snap-interactive.com.
Facebook(R) is a registered trademark of Facebook Inc.
iPhone(TM) is a trademark of Apple Inc.
Forward-Looking Safe Harbor Statement:
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially from forecasted results. These risks and uncertainties include our ability to: attract members; convert members into paying subscribers and retain our paying subscribers; our ability to successfully implement our current long-term growth strategy; as well as product demand, market competition, fluctuations in advertising payouts, delays in website & application development, technical issues beyond our control, reliance on the various platforms that we build applications on, and risks inherent in our operations. For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at http://www.sec.gov.
Contact:
SNAP Interactive, Inc.
Email Contact
SOURCE: SNAP Interactive, Inc.
http://www2.marketwire.com/mw/emailprcntct?id=FF67B14B88A5AA9B
MGOF (.12) awesome PR! only 5 mil shares OS
The company is profitable, only has 5 million shares outstanding, a book value of +30 cents, a tiny float. They just hired a new COO/CFO. The company is profitable, and they are aiming to get involved in more profitable sectors!! Look for an acquisition soon!
Mangosoft Appoints New Executive and Director, Relocates Executive Offices
Press Release Source: Mangosoft, Inc. On Tuesday January 26, 2010, 5:54 pm EST
SOMERS, NY--(Marketwire - 01/26/10) - Mangosoft, Inc. (OTC.BB:MGOF - News) announced the appointment of Dennis M. Goett as Chief Operating Officer and Chief Financial Officer of the Company as well as his election to the Board of Directors.
The Company also announced the transition of its offices to New York. The Company's new mailing address is 108 Village Square, Suite 315, Somers, New York 10589. The telephone number for the new executive offices is 914-669-5333.
Commenting on the executive appointment Selig A. Zises, Chief Executive Officer and Chairman of the Board, reported: "Mangosoft felt a great loss with the passing of our CEO, Dale Vincent this past year. We all miss Dale and his steady leadership of the Company. He was a true professional who had the best interests of the shareholders at heart." Mr. Zises continued, "Dennis Goett is an accomplished executive with both management and board experience garnered over a successful career where he served both public and private high growth entities in financial services and technology services. He is well suited to take control of Mangosoft in the face of the rapid change in which the Company finds itself today. His addition to the Board of Directors broadens our team and adds a person with solid governance experience to the mix. We are optimistic that Mangosoft will evolve into a growing and profitable enterprise over the next few years."
Mr. Goett has served as Chief Financial Officer and Director of several technology services companies. He recommended and successfully managed the initial public offering of Claremont Technology Group in 1996. He previously served as Treasurer of an NYSE-listed financial services company and Assistant Treasurer for an AMEX-listed commercial finance company where he was responsible for banking and other financing initiatives. Mr. Goett also served as interim CEO, COO or CFO of a number of businesses in business consulting, manufacturing, environmental packaging, technology and consumer electronics. He also held a position as a commercial loan officer at a large New York-based commercial banking institution. He is currently a member of the Advisory Board for Pace University's Seidenberg School of Computer Sciences and Information Technology.
Mr. Goett commented, "This is an exciting and challenging opportunity to work with the Mangosoft team in creating new and profitable avenues for the Company. The historical software business has been restructured in the best interests of the shareholders. In the meantime, we will evaluate additional business prospects and move Mangosoft forward into more profitable sectors."
Please visit our website at http://www.mangosoft.com for more information.
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by Mangosoft, Inc. (OTC.BB:MGOF - News) may differ materially from these statements due to a number of factors. Mangosoft, Inc. assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.
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MGOF (.12) OS only 5 mil profitable
The company is already profitable, and they are aiming to get involved in business sectors that will make them profitable with this appointment of the new COO/CFO!! The stock only has 5 million shares outstanding, a very tiny float, a nice hefty balance sheet with a book value of + 30 cents.
Mangosoft Appoints New Executive and Director, Relocates Executive Offices
Press Release Source: Mangosoft, Inc. On Tuesday January 26, 2010, 5:54 pm EST
SOMERS, NY--(Marketwire - 01/26/10) - Mangosoft, Inc. (OTC.BB:MGOF - News) announced the appointment of Dennis M. Goett as Chief Operating Officer and Chief Financial Officer of the Company as well as his election to the Board of Directors.
The Company also announced the transition of its offices to New York. The Company's new mailing address is 108 Village Square, Suite 315, Somers, New York 10589. The telephone number for the new executive offices is 914-669-5333.
Commenting on the executive appointment Selig A. Zises, Chief Executive Officer and Chairman of the Board, reported: "Mangosoft felt a great loss with the passing of our CEO, Dale Vincent this past year. We all miss Dale and his steady leadership of the Company. He was a true professional who had the best interests of the shareholders at heart." Mr. Zises continued, "Dennis Goett is an accomplished executive with both management and board experience garnered over a successful career where he served both public and private high growth entities in financial services and technology services. He is well suited to take control of Mangosoft in the face of the rapid change in which the Company finds itself today. His addition to the Board of Directors broadens our team and adds a person with solid governance experience to the mix. We are optimistic that Mangosoft will evolve into a growing and profitable enterprise over the next few years."
Mr. Goett has served as Chief Financial Officer and Director of several technology services companies. He recommended and successfully managed the initial public offering of Claremont Technology Group in 1996. He previously served as Treasurer of an NYSE-listed financial services company and Assistant Treasurer for an AMEX-listed commercial finance company where he was responsible for banking and other financing initiatives. Mr. Goett also served as interim CEO, COO or CFO of a number of businesses in business consulting, manufacturing, environmental packaging, technology and consumer electronics. He also held a position as a commercial loan officer at a large New York-based commercial banking institution. He is currently a member of the Advisory Board for Pace University's Seidenberg School of Computer Sciences and Information Technology.
Mr. Goett commented, "This is an exciting and challenging opportunity to work with the Mangosoft team in creating new and profitable avenues for the Company. The historical software business has been restructured in the best interests of the shareholders. In the meantime, we will evaluate additional business prospects and move Mangosoft forward into more profitable sectors."
Please visit our website at http://www.mangosoft.com for more information.
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by Mangosoft, Inc. (OTC.BB:MGOF - News) may differ materially from these statements due to a number of factors. Mangosoft, Inc. assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.
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MGOF (.12) aiming for profitability!!
Mangosoft Appoints New Executive and Director, Relocates Executive Offices
Press Release Source: Mangosoft, Inc. On Tuesday January 26, 2010, 5:54 pm EST
SOMERS, NY--(Marketwire - 01/26/10) - Mangosoft, Inc. (OTC.BB:MGOF - News) announced the appointment of Dennis M. Goett as Chief Operating Officer and Chief Financial Officer of the Company as well as his election to the Board of Directors.
The Company also announced the transition of its offices to New York. The Company's new mailing address is 108 Village Square, Suite 315, Somers, New York 10589. The telephone number for the new executive offices is 914-669-5333.
Commenting on the executive appointment Selig A. Zises, Chief Executive Officer and Chairman of the Board, reported: "Mangosoft felt a great loss with the passing of our CEO, Dale Vincent this past year. We all miss Dale and his steady leadership of the Company. He was a true professional who had the best interests of the shareholders at heart." Mr. Zises continued, "Dennis Goett is an accomplished executive with both management and board experience garnered over a successful career where he served both public and private high growth entities in financial services and technology services. He is well suited to take control of Mangosoft in the face of the rapid change in which the Company finds itself today. His addition to the Board of Directors broadens our team and adds a person with solid governance experience to the mix. We are optimistic that Mangosoft will evolve into a growing and profitable enterprise over the next few years."
Mr. Goett has served as Chief Financial Officer and Director of several technology services companies. He recommended and successfully managed the initial public offering of Claremont Technology Group in 1996. He previously served as Treasurer of an NYSE-listed financial services company and Assistant Treasurer for an AMEX-listed commercial finance company where he was responsible for banking and other financing initiatives. Mr. Goett also served as interim CEO, COO or CFO of a number of businesses in business consulting, manufacturing, environmental packaging, technology and consumer electronics. He also held a position as a commercial loan officer at a large New York-based commercial banking institution. He is currently a member of the Advisory Board for Pace University's Seidenberg School of Computer Sciences and Information Technology.
Mr. Goett commented, "This is an exciting and challenging opportunity to work with the Mangosoft team in creating new and profitable avenues for the Company. The historical software business has been restructured in the best interests of the shareholders. In the meantime, we will evaluate additional business prospects and move Mangosoft forward into more profitable sectors."
Please visit our website at http://www.mangosoft.com for more information.
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by Mangosoft, Inc. (OTC.BB:MGOF - News) may differ materially from these statements due to a number of factors. Mangosoft, Inc. assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.
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STVI PR out! 3-1 stock split, profitable..
Balance sheet is strong, company is profitable, only 10 million shares outstanding and going to have a 3 for 1 stock split!!
STVI Announces Three-for-One Forward Stock Split PR
SNAP Interactive Announces Three-for-One Forward Stock Split
11:39 AM ET 1/21/10 | Marketwire
SNAP Interactive, Inc. (OTCBB: STVI), a leading provider of online dating applications for social networking websites, is pleased to announce that it has approved a three-for-one forward stock split on SNAP Interactive's common stock to shareholders of record at the close of business on January 14, 2010. As a result of the stock split, shareholders will receive two additional common shares for every share held on the record date. The additional shares will be mailed or delivered on or about January 22, 2010, by the company's transfer agent, Corporate Stock Transfer. This is the first time SNAP's common stock has split since the company began trading publicly in 2006.
SNAP CEO Clifford Lerner stated, "We believe that the split will create additional liquidity in the market and make SNAP stock more attractive to a broader range of investors. We see significant potential for growth as we move forward with the shift to a subscription-based model and remain committed to attracting investors who share this enthusiasm and take a long-term view of the company's growth opportunities."
About SNAP Interactive, Inc.
Incorporated in Delaware and headquartered in New York City, SNAP Interactive, Inc. is a leading provider of online dating applications for social networking websites and mobile platforms. SNAP has developed two dating applications built on Facebook(R) Platform which have more than 19 million installations on Facebook. SNAP has also launched dating applications on MySpace Developer Platform, Bebo, and Hi5 Developer Platform. SNAP's portfolio also includes an online dating site for singles called AreYouInterested.com that utilizes Facebook Connect to share content with their Facebook friends and an iPhone application for mobile dating called 'Are You Interested?' For more information visit www.snap-interactive.com.
Facebook(R) is a registered trademark of Facebook Inc.
iPhone(TM) is a trademark of Apple Inc.
Forward-Looking Safe Harbor Statement:
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially from forecasted results. These risks and uncertainties include product demand, market competition, fluctuations in advertising payouts, delays in website & application development, technical issues beyond our control, reliance on the various platforms that we build applications on, and risks inherent in our operations. For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at http://www.sec.gov. Any traffic statistics are made using best efforts for accuracy and may represent recent averages.
Contact:
SNAP Interactive, Inc.
Email Contact
STVI PR just out!
Looks very bullish. I bet we get a little pop here prior to the ex-div date, which is January 25th.
STVI Announces Three-for-One Forward Stock Split PR
SNAP Interactive Announces Three-for-One Forward Stock Split
11:39 AM ET 1/21/10 | Marketwire
SNAP Interactive, Inc. (OTCBB: STVI), a leading provider of online dating applications for social networking websites, is pleased to announce that it has approved a three-for-one forward stock split on SNAP Interactive's common stock to shareholders of record at the close of business on January 14, 2010. As a result of the stock split, shareholders will receive two additional common shares for every share held on the record date. The additional shares will be mailed or delivered on or about January 22, 2010, by the company's transfer agent, Corporate Stock Transfer. This is the first time SNAP's common stock has split since the company began trading publicly in 2006.
SNAP CEO Clifford Lerner stated, "We believe that the split will create additional liquidity in the market and make SNAP stock more attractive to a broader range of investors. We see significant potential for growth as we move forward with the shift to a subscription-based model and remain committed to attracting investors who share this enthusiasm and take a long-term view of the company's growth opportunities."
About SNAP Interactive, Inc.
Incorporated in Delaware and headquartered in New York City, SNAP Interactive, Inc. is a leading provider of online dating applications for social networking websites and mobile platforms. SNAP has developed two dating applications built on Facebook(R) Platform which have more than 19 million installations on Facebook. SNAP has also launched dating applications on MySpace Developer Platform, Bebo, and Hi5 Developer Platform. SNAP's portfolio also includes an online dating site for singles called AreYouInterested.com that utilizes Facebook Connect to share content with their Facebook friends and an iPhone application for mobile dating called 'Are You Interested?' For more information visit www.snap-interactive.com.
Facebook(R) is a registered trademark of Facebook Inc.
iPhone(TM) is a trademark of Apple Inc.
Forward-Looking Safe Harbor Statement:
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially from forecasted results. These risks and uncertainties include product demand, market competition, fluctuations in advertising payouts, delays in website & application development, technical issues beyond our control, reliance on the various platforms that we build applications on, and risks inherent in our operations. For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at http://www.sec.gov. Any traffic statistics are made using best efforts for accuracy and may represent recent averages.
Contact:
SNAP Interactive, Inc.
Email Contact
STVI (.45) going to have 3 for 1 stock split
This company is profitable, strong balance sheet with a lot of cash, only 10 mil shares outstanding, and going to do a 3-for-1 stock split! See link below:
http://www.otcbb.com/asp/dividend.asp?sym_id=STVI