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Read Strategy Section of the 10K You are so stuck in the past. Even the company in its strategy discussion acknowledge that its business, product and operation has changed.
Paid in stock. My fried paid in stock read it carefully. How much did he get paid in cash. They probably did that so he does not have to be personally liable for the taxes.
Research is strictly about the technology not the company's operation
Yes, you are right Frost & Sullivan is huge and highly respected, so we need to give some credibility to their research
Please come back and show us anyone that has wireless communication between GPS and RFID. Anyone... from China to Brazil, if you can find one we will believe what you are saying. Their technology is about wireless communication between GPS and RFID
So if you believe in the research conducted on Siemens and Motorola by the same company why do you think this research and award is less worthy?
(Read Strategy) Educate yourself before posting trash on this site about the company read management strategy. They clearly explained their business what happened and what decisions were made and why. I like this management.
Our Strategy
EarthSearch, based in Atlanta, Georgia, has created the world’s first integration of RFID and GPS technology. EarthSearch is an international provider of supply chain management solutions offering real-time visibility in the supply chain with integrated RFID/GPS and other telemetry products. These solutions help businesses worldwide to increase asset management, provide safety and security, increase productivity, and deliver real-time visibility of the supply chain through automation.
We experienced a sudden reversal of our revenue growth in the 4th quarter of 2008 as the real estate market and global economy came to a halt. A significant number of our customers declared bankruptcy or defaulted on their account. New business opportunities ceased and our sales plummeted. These events forced us to take dramatic steps and business decisions that resulted in substantial reductions of revenue for the years 2009 and 2010.
Based on our internal research, the board and management made the decision to change the business focus and product portfolio. We concluded that simply offering GPS devices, which we believed would become a commodity, exposed the company and its shareholders to potential failure. We accelerated R&D operations and began the development of wireless communication between GPS and RFID devices. We shut down most of our commercial operations due to the economic conditions and expanded R&D.
Our internal research showed GPS solutions will become inadequate for business needs and the market would demand or require more sophisticated solutions for asset management, workforce optimization and security. RFID technology was growing at significant rate and a combination of both technologies was inevitable. Management seized the opportunity of the slow economy to develop the world’s first solution for continuous visibility of assets and become a global leader in offering such an integrated solution. We are also continuing to utilize the technology to provide other applications such as oil pipeline monitoring
We completed our product development in the first quarter of 2010, and began commercial beta tests in the summer of 2010. We officially launched our new business and product portfolio in 4th quarter of 2010. We immediately saw revenue growth as 60% of our 2010 revenue came in the 4th quarter of 2010. We expect to outperform our entire 2010 revenue levels in the 1st quarter of 2011 and we expect to continue to see significant increases in revenue throughout 2011. We are currently engaged in numerous pilot projects with several major organizations. We have also expanded our product offering into military logistics
As part of our growth strategy, we launched an aggressive sales network development program in the summer of 2010. As of the end of the 1st quarter 2011 we have more than 15 distribution partners in 5 geographic regions (Southeast, Asia, Africa, South and North America). We launched a new web site reflecting our new business, products and solutions. We will launch our first commercial ecommerce site in the 2nd quarter of 2011.
Part of our strategy is to implement a merger and acquisition plan as part of the 2011 growth strategy. We will focus on targeting those GPS firms with a concentration of clients with advanced supply chain solution needs. We will also seek joint venture opportunities where our technology will have significant impact on the success of the opportunities.
We project a return to significantly increased revenue and margins for our shareholders in 2011.
Why don't look them up, because you don't who they are makes it a fluff? From what i have seen so far a lot of major technology firms are being rated by this firm. Siemens, Motorola, have all received awards
If service was so bad why is Belfor still doing business with the company, maybe its because they see what we see. Good product and I am sure if management was as bad as you claim how come they continue to deal with the management? my experience is that if the pilot was awful company's don't go to full implementation. Somebody is lying to you and you are passing it on to us
Now that's different from what you said earlier, earlier you claimed that he was lying by telling his client about UPS and now you want to wait till he does so. You are so bogus. I have not seen the company say anything about UPS.
Lets see what news come out this week I think we have price up coming up this week, I see an IR firm is on board
thank you, simple logic
The funny things is, you trash the CEO as not being smart, however was this not the same guy that developed the technology you say is good? and the fundamentals are not good but I see that they are doing some good stuff
But the exact router they use? router can cost between $50.00 and $200.00 that you knew exactly which one they are using? come on? you know which car the CEO and his wife drive? is that on the internet too?
This is the problem with investors that cant read or understand business fundamentals. Did you read the CEO discussion of strategy to of the company?
"We experienced a sudden reversal of our revenue growth in the 4th quarter of 2008 as the real estate market and global economy came to a halt. A significant number of our customers declared bankruptcy or defaulted on their account. New business opportunities ceased and our sales plummeted. These events forced us to take dramatic steps and business decisions that resulted in substantial reductions of revenue for the years 2009 and 2010.
Based on our internal research, the board and management made the decision to change the business focus and product portfolio. We concluded that simply offering GPS devices, which we believed would become a commodity, exposed the company and its shareholders to potential failure. We accelerated R&D operations and began the development of wireless communication between GPS and RFID devices. We shut down most of our commercial operations due to the economic conditions and expanded R&D.
Our internal research showed GPS solutions will become inadequate for business needs and the market would demand or require more sophisticated solutions for asset management, workforce optimization and security. RFID technology was growing at significant rate and a combination of both technologies was inevitable. Management seized the opportunity of the slow economy to develop the world’s first solution for continuous visibility of assets and become a global leader in offering such an integrated solution. We are also continuing to utilize the technology to provide other applications such as oil pipeline monitoring
We completed our product development in the first quarter of 2010, and began commercial beta tests in the summer of 2010. We officially launched our new business and product portfolio in 4th quarter of 2010. We immediately saw revenue growth as 60% of our 2010 revenue came in the 4th quarter of 2010. We expect to outperform our entire 2010 revenue levels in the 1st quarter of 2011 and we expect to continue to see significant increases in revenue throughout 2011. We are currently engaged in numerous pilot projects with several major organizations. We have also expanded our product offering into military logistics"
"We expect to see more of our former GPS competitors become our partners in the near future; the math is very simple, the revenue from integrated solution is higher, the margin is healthy and the customers see immediate improvement in operation and ROI".
I have to agree with you, but I think they finally found that right product to do it with lets see how they play their hand moving forward
You are absolutely correct, somebody dumped for personal reasons, not a reflection of the stock or the company, watch the upswing
Last I saw it was 120ml outstanding and approx 12ml in the float
Thats the whole point, this company should be a buy buy buy, all the trend of a growing company is there.
From what I see this company is not a cash box, solid product and technology, spoke to CEO, does not watch stock focused on business fundamentals, "short sellers will burn sooner than later"
It is definitely coming back the technology is too solid
May also be why they have held off on new news until now, we may see this thing fly right back up, I am getting in
Did you see the news release IR Contact: Equiti-trends, I know them out if California ex brokers, good trader and knows how to work the market, kay may be planning on fighting back finally. This will be good, short sellers watch out
I wonder what they have cooking. My source is telling me they are going after military logistic business around the world. See the web site www.earthsearch.us
My interest is first quarter 2011 revenue. We know they did not nothing in 2010. If they do 30-50 times 1 quarter 2010, I know the Giant has been awoken
I am really struggling with that question myself, after seeing the announcement today, I was really thrown for the loop, what can this technology not do? did you read the release how the technology would be used by Belfor. I am curious who is behind the creativity at this company. Any one knows?
Now that make sense to me, if the company has good technology but lack resources to bring it to market that's the move to get there, the question really is going to be what happen in 2011. All my money say they are going to deliver, even with all the small sales they are announcing, it will add up sooner or later, its like a building block, these announcements are becoming consistent and its all about revenue - I like it.
management discussion and analysis
http://earthsearch.us/earthsearch-forums/management-discussion-analysis. Maybe they have a plan....uuuhmmm
I looked at their financial from last year and it looks like they probably did not do 100k for the whole year. They did $3k first Q, $11k 2nd Q and $30k 3rd Q, very bad reports. I think seriously we should now take a fresh look at the 2011 financial. If they outperform all of 2010 in 1st Q, 2011, they probably are on the right track.
chicagodog, whats your view of all these new developments, I like your cautionary approach to things
Wow! this company is revving to go. I wonder what else they have cooking.
I agree with you and the new web site is really really good and on the money, clear message diversified market, strong product foundation. I am bullish on this stock. Really bullish, there is something going on at this company.
Seem to me this company fits the profile of most small boutique technology firm. 95% of them fail in the first 5 years, they have crossed first 5 years. The ones that cross 5 years and begins to generate revenue generally grow, this one is starting to generate revenue, I expect to see it grow. I am going bullish on this one. They are changing their web site and messaging. Something is happening at this company that we dont know and I think it is something good.