busy making sauce
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~DCBI .15 X .17 Cider anyone ?...
http://www.dickensenergycider.com/
~Rig
~ICOA .063 X .065 ...Through the 200 ma...
~Rig
~CHMS .575 X .58 Cmon 60's ~Rig
~CHMS .56 X 565 ~Rig
~CHMS .525 X .54 Trying again here...
Earnings news yesterday...Nice cash position..
At the quarter ended June 30, 2005, the Company had $5,843,782 in cash.
http://biz.yahoo.com/prnews/050816/latu029.html?.v=21
~Rig
~MIVT .87 X .88 ....
~Rig
~GPXM News...GM All! ...
Golden Phoenix Applies for Full-Scale Gold Mill at Its Mineral Ridge Mine; Planned Idling of Heap Leach Nears
Aug 19, 2005 5:00:00 AM
SPARKS, Nev., Aug. 19 /PRNewswire-FirstCall/ -- Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM) has notified the Bureau of Land Management and the Nevada Division of Environmental Protection of its intent to modify the Mineral Ridge Plan of Operations (POO) to allow the addition of a full-scale milling facility at its 3800-acre gold property located near Silver Peak, Nevada. The plan calls for building an on-site mill to process the high-grade ores, supplemented by use of the heap-leach to process lower-grade material.
As part of its strategy to optimize production at the property, Golden Phoenix is preparing to place the current heap-leach operation on stand-by so as to preserve the mine's contained gold resource until it can be economically processed under the modified POO. The leach pad will be idled in the coming weeks as gold recovery drops below its economic threshold due to depletion. Personnel will remain on site to monitor and maintain the facilities and assist in development of the expanded mill and mine plans.
A comprehensive review of the past performance of selective underground mining at Mineral Ridge has lead Golden Phoenix to re-evaluate the one method of extraction that has proven to be economic: milling. Metallurgical testing by the Company and performance records from historic mill operations indicate that a gold recovery rate of 90% or greater is achievable. The Company's new three-tiered approach is to make modifications to the POO; preserve the existing gold resource until it can be economically extracted; and actively identify and explore the zones of mill-grade gold mineralization. A project timeline will be developed after additional engineering work has been completed.
Golden Phoenix Minerals, Inc. is a Nevada-based mining company committed to deliver value to its shareholders by acquiring, developing and mining superior precious and strategic metal deposits in the western United States using competitive business practices balanced by principles of ethical stewardship.
Visit the Golden Phoenix Web site at http://www.Golden-Phoenix.com/
Forward-Looking Statements. Certain statements included herein may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company's actual results could differ materially from those anticipated in such forward-looking statements as a result of a number of factors. These risks and uncertainties, and certain other related factors, are discussed in the Company's Form 10-KSB, Form 10-QSB and other filings with
the Securities and Exchange Commission. These forward-looking statements are made as of this date and the Company assumes no obligation to update such forward-looking statements as a result of a number of factors.
SOURCE Golden Phoenix Minerals, Inc.
----------------------------------------------
Robert Martin
Director of Corporate Development of Golden Phoenix Minerals
Inc.
+1-775-853-4919; or Paul Knopick of E & E Communications
+1-949-707-5365
pknopick@eandecommunications.com
for Golden Phoenix Minerals
Inc.
~CRGO .0259 X .0265 Chart...
~Rig
~MIVT .81 X .84 approaching one of those triple topsies, could be a furious breakout IMO...
News...
http://biz.yahoo.com/bw/050817/175182.html?.v=1
MIV Therapeutics' Breakthrough Technology Praised in Independent Research Service by Frost & Sullivan
Wednesday August 17, 3:30 am ET
Prestigious Growth Consulting Company Extols Company's Unique Biocompatible HAp Technology for Medical Coatings and Drug Delivery Sectors
~Rig
damn straight!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! my staff and I will be adding more cams in the near future.
~Rig
~OMOG .0109 X .0112 getting cheap for an oil play IMO...
~Rig
Check this out...
http://www.tigerdirect.com/applications/partners/partner.asp?mfrid=795&CatId=37
~Rig
~SOYO .70 X .74 When this breaks out, over a buck in a hurry IMO.Found this today...
http://www.tigerdirect.com/applications/partners/partner.asp?mfrid=795&CatId=37
~Rig
~UPDA .65 X .72 nice acquisition,energy play...
http://biz.yahoo.com/pz/050816/83986.html
Canyon Creek Oil & Gas, Inc. Announces Acquisition of 243 Acre Oil and Gas Lease
Tuesday August 16, 7:15 am ET
~Rig
~JUNI .09 X .10 News with Time Warner today, needs to chew through some debenture shares as per dreams earlier DD post...
Todays news...
http://biz.yahoo.com/bw/050818/185374.html?.v=1
Juniper Group Announces Implementation of Cable Broadband Services for Time Warner Business Communications
Thursday August 18, 10:48 am ET
~Rig
~SNPD .042 X .049 Holding above all ma's would like to see that break through .05.As I said, a double for sept IMO...
QUIN mmkr still accumulating IMO...
~Rig
~MLHP .16 X .17 Still holding above the 200 ma...
~Rig
~FURA .14 X .15, looking for solid earnings beg sept...
~Rig
~AVCP .18 X .19 Like to see a break through the 50 ma...
~Rig
~URIX .62 X .65 Uranium play, Right at the 200...
Holds here may see the next leg up.
~Rig
~EMBR .13 X .15 Small float shell ,nice volume today, Chart...
~Rig
New Cam added...
http://www.shamu.com/ca/shamu-cam/index.htm
hey glassy,
Looks like a V to me for Victory!
~Rig
~SNPD Shaping up nicely...
Under nice accumulation IMO..
~Rig
wantoberich,
sneaky, sneaky.lol.
~Rig
Well there is something, lol. EMBR I added here today, SHELL thats made some nice pops.Volume indicating maybe a deal is close and this one has a small float.I think .25-.30 if a deal gets done.I have been in and out since .03 and maybe they will get something completed soon.Bought more at 12,13 and .14 today.
~Rig
treepeople.
Yes I did! Currently not in. :)
~Rig
stockprofit2023, Nothing in particular jumping out at me, I did take a position in CDIT today @ .23.Watching AVCP .17 X .19.Still accumulating SNPD, this will be at least a double from here over the next 30 days IMO.Bought some DTCT over the last few days, check the chart.
about it for now.
Rig
~EMBR .14 X .15 tightened up the spread, Chart...
~Rig
~EMBR .15 X .185 Maybe shell deal gets done.This one can run with the small float~Rig
~EMBR .15 X .16 coming to life again.~Rig
Dream/JUNI, called the company just now, I was told its the Time warner cable we thought it might be.No one from Investor relations or company directors were available.I am in and watching.
Thanks for the heads up
~Rig
~IESV .07 X .072 watch close! Theres been some selling pressure but when thats done, this will make a nice move.Chart looking good if we can break...
~Rig
Congrats dusty!!! ~Rig
~SNPD .042 X .046 ~Rig
Dallas, This as you know will be worth the wait IMO! ~Rig
~IESV News...
Press Release Source: Intrepid Technology
Intrepid Secures 17,790,000 Dollar Financing Package
Thursday August 18, 9:00 am ET
IDAHO FALLS, ID--(MARKET WIRE)--Aug 18, 2005 -- Intrepid Technology and Resources, Inc. (ITR) (OTC BB:IESV.OB - News) a renewable energy company has signed an Engagement Letter with Ferris Baker Watts, Washington D.C., to commence the marketing and placement of 17,790,000 dollars in Tax Exempt Industrial Revenue Bond financing.
ADVERTISEMENT
The financing, expected to be completed within 60-90 days, will provide ITR the capital to expand their existing biogas facility near Rupert, Idaho, construct the Westpoint Dairy biogas plant and a third, confirmed, biogas facility located near the Westpoint site. The 17,790,000 dollar project will additionally include eight miles of gathering pipeline to connect the two new plants into Intermountain Gas' distribution pipeline.
Dr. Dennis Keiser, ITR's president stated, in making the announcement, "Our capacity to design and engineer these types of systems has never been in question. What has concerned investors and customers has been the inability of companies our size to financially survive. Our ability to come up with this type of innovative, non dilutive, financing in an amount and at interest rates which will surprise many continues to set Intrepid Technology aside as a viable, innovative and growing alternative energy company."
"We are pleased to be associated with a leader in public finance who also shares the Intrepid vision for alternate energy. Ferris Baker Watts personnel have personally visited our operating biogas plant and, obviously, were impressed with every aspect of our operation. An operating energy plant and clear vision of where we are going makes this project fundable," Dr. Keiser concluded.
Upon completion of this project, in 2006, ITR will be producing over 450,000,000 cubic feet per year of high-grade biogas. This will make ITR the largest producer of pipeline quality biogas in the United States.
About Ferris Baker Watts: Ferris Baker Watts, a leader in Municipal and Public finance, is the largest full-service investment-banking firm headquartered in Washington, DC. The firm is a member of the New York Stock Exchange and is wholly owned by its employees. The company is a dynamic force in investment banking serving clients throughout the mid-Atlantic and Midwest regions. Ferris Baker Watts is committed to providing a comprehensive range of professional products and services to meet the needs of individual investors as well as corporations and institutions.
About Intrepid Technology: We are a national leader in Methane to Market technology and production and an application innovator of Biogas products and services designed to assist in worldwide energy independence and reduce pollution from renewable agriculture feedstock and industrial and agriculture waste materials.
Statements released by Intrepid Technologies and Resources that are not purely historical are forward looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.
Contact:
For additional information contact,
Steve Ellis
(208-529-5337)
Email Contact
--------------------------------------------------------------------------------
Source: Intrepid Technology
Email Story
Set News Alert
Print Story
Sponsor Results
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IESV.OB 0.07 0.00 News
View Detailed Quote
Delayed 20 mins
Providers - Disclaimer
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· Intrepid Begins Commercial Gas Production - Market Wire (Tue Aug 2)
· INTREPID TECHNOLOGY & RESOURCE INC Files SEC form 8-K, Change in Accountant - EDGAR Online (Mon Jul 11)
· Intrepid Announces New Contracts - Market Wire (Wed Jul 6)
· Intrepid to Undertake Major Gas Production Expansion - PR Newswire (Wed Jun 22)
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· By industry: Oil/energy
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Copyright © 2005 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Ad Feedback
Copyright © 2005 Market Wire. All rights reserved. All the news releases provided by Market Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.
~IESV News...
Press Release Source: Intrepid Technology
Intrepid Secures 17,790,000 Dollar Financing Package
Thursday August 18, 9:00 am ET
IDAHO FALLS, ID--(MARKET WIRE)--Aug 18, 2005 -- Intrepid Technology and Resources, Inc. (ITR) (OTC BB:IESV.OB - News) a renewable energy company has signed an Engagement Letter with Ferris Baker Watts, Washington D.C., to commence the marketing and placement of 17,790,000 dollars in Tax Exempt Industrial Revenue Bond financing.
ADVERTISEMENT
The financing, expected to be completed within 60-90 days, will provide ITR the capital to expand their existing biogas facility near Rupert, Idaho, construct the Westpoint Dairy biogas plant and a third, confirmed, biogas facility located near the Westpoint site. The 17,790,000 dollar project will additionally include eight miles of gathering pipeline to connect the two new plants into Intermountain Gas' distribution pipeline.
Dr. Dennis Keiser, ITR's president stated, in making the announcement, "Our capacity to design and engineer these types of systems has never been in question. What has concerned investors and customers has been the inability of companies our size to financially survive. Our ability to come up with this type of innovative, non dilutive, financing in an amount and at interest rates which will surprise many continues to set Intrepid Technology aside as a viable, innovative and growing alternative energy company."
"We are pleased to be associated with a leader in public finance who also shares the Intrepid vision for alternate energy. Ferris Baker Watts personnel have personally visited our operating biogas plant and, obviously, were impressed with every aspect of our operation. An operating energy plant and clear vision of where we are going makes this project fundable," Dr. Keiser concluded.
Upon completion of this project, in 2006, ITR will be producing over 450,000,000 cubic feet per year of high-grade biogas. This will make ITR the largest producer of pipeline quality biogas in the United States.
About Ferris Baker Watts: Ferris Baker Watts, a leader in Municipal and Public finance, is the largest full-service investment-banking firm headquartered in Washington, DC. The firm is a member of the New York Stock Exchange and is wholly owned by its employees. The company is a dynamic force in investment banking serving clients throughout the mid-Atlantic and Midwest regions. Ferris Baker Watts is committed to providing a comprehensive range of professional products and services to meet the needs of individual investors as well as corporations and institutions.
About Intrepid Technology: We are a national leader in Methane to Market technology and production and an application innovator of Biogas products and services designed to assist in worldwide energy independence and reduce pollution from renewable agriculture feedstock and industrial and agriculture waste materials.
Statements released by Intrepid Technologies and Resources that are not purely historical are forward looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.
Contact:
For additional information contact,
Steve Ellis
(208-529-5337)
Email Contact
--------------------------------------------------------------------------------
Source: Intrepid Technology
Email Story
Set News Alert
Print Story
Sponsor Results
Low Auto Refinance Rates - HSBC Auto
Refinance your car today and lock in great rates for New and Used Auto Loans. Apply Now, and receive a Free no obligation quote in minutes with Aprs from 4.99%.
www.hsbcusa-autoloans.com
Automotive Refinancing
Lower payments and interest rates fast, easy and free - apply today.
www.rategenius.com
Auto Refinance - All Credit Welcome
myAutoloan.com provides auto refinancing, directly from lenders, for refi loans. Get up to 4 loan offers. Real Lenders - Real Loans - Real Time; Confidential-fast-secure-no cost/fees.
www.myautoloan.com
(What's This?)
Related Quote
IESV.OB 0.07 0.00 News
View Detailed Quote
Delayed 20 mins
Providers - Disclaimer
Related News Stories
· Intrepid Begins Commercial Gas Production - Market Wire (Tue Aug 2)
· INTREPID TECHNOLOGY & RESOURCE INC Files SEC form 8-K, Change in Accountant - EDGAR Online (Mon Jul 11)
· Intrepid Announces New Contracts - Market Wire (Wed Jul 6)
· Intrepid to Undertake Major Gas Production Expansion - PR Newswire (Wed Jun 22)
More...
--------------------------------------------------------------------------------
· By industry: Oil/energy
Top Stories
· Google Files to Sell 14.2 Million Shares - AP (8:52 am)
· Stock Prices Are Set to Open Lower - AP (8:37 am)
· Oil Prices Post Gains After Big Drop - AP (8:05 am)
· British Airways to Investigate Strike - AP (8:30 am)
More...
--------------------------------------------------------------------------------
· Most-emailed articles
· Most-viewed articles
--------------------------------------------------------------------------------
Copyright © 2005 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Ad Feedback
Copyright © 2005 Market Wire. All rights reserved. All the news releases provided by Market Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.
~AMBD News...
Press Release Source: American Mobile Dental Corp.
REPEAT/American Mobile Dental Announces Affiliation with New York State Office of Children and Family Services
Thursday August 18, 7:00 am ET
MAMARONECK, N.Y.--(BUSINESS WIRE)--Aug. 18, 2005--American Mobile Dental Corp. (PINK SHEETS:AMBD - News) announced today that it has begun servicing several of the detention facilities for the New York State Office of Children and Family Services, Division of Rehabilitative Services (NYSOCFS). Services are being provided on a monthly basis. To date, American Mobile Dental has serviced detention facilities in the Bronx, Brooklyn and Staten Island. The costs associated with the services are being covered by the State of New York.
ADVERTISEMENT
The New York State Office of Children and Family Services, Division of Rehabilitative Services (NYSOCFS) is responsible for residential and community treatment of court-placed youth and currently manages over 2,000 beds throughout the State. The facilities under management include: secure centers to community residences, day placement programs and aftercare services. Rehabilitative Services is also responsible for oversight of detention centers and intake functions for youth re-placed in voluntary agencies. AMBD will be caring for the dental health of court-placed youth who generally evidence health problems of more severity than the general youth population.
Dr. Charles D. Randolph, CEO of American Mobile Dental Corp. states, "American Mobile Dental is very excited to have the opportunity to partner with the State of New York. We feel that our performance with the first few detention centers will lead to our servicing the remaining centers across the state and perhaps other state run facilities. We look forward to building a long-lasting and profitable relationship with the State of New York. This opportunity will also aid us in entering other states across the country."
About American Mobile Dental Corp.
American Mobile Dental Corp. owns and operates state-of-the-art, mobile dental offices in the Northeast region of the United States. These mobile dental offices are designed to bring quality oral health care to patients that might otherwise find it too difficult, or expensive to seek such services outside their neighborhoods.
The mobile offices will operate primarily in underserved neighborhoods, and near work centers, factories, and industrial parks. Dentists will provide basic dental services including: cleanings, fillings, sealants for children, and orthodontic services. Medicaid eligible and fee for service patients will be able to take advantage of quality dentistry in the neighborhoods where they work and live.
This document includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors.
--------------------------------------------------------------------------------
Contact:
American Mobile Dental Corp.
Ted Randolph, 914-835-6004
www.americanmobiledental.com
~RSVM $8.00 X $8.15 News...GM All! ...
August 11, 2005 - 5:21 PM EDT
RelationServe Media, Inc. Announces Second Quarter Results
RelationServe Media, Inc. (OTC Bulletin Board: RSVM) a leading provider of permission-based e-marketing solutions, today announced financial results for the second quarter ended June 30, 2005. The Company's quarterly results were highlighted by $3.9 million in revenues, an increase of 57.5% in revenues compared to the corresponding period in 2004. Total revenues for the six month period ended June 30, 2005 were $6.7 million, an increase of 73.8% from the corresponding period in 2004. Earnings for the quarter were $703,797 or earnings per diluted share of $0.04. Earnings for the six-month period were $1,050,827 or earnings per diluted share of $0.06. Earnings in the 2004 periods benefited from the predecessor company's status as a partnership thereby resulting in no tax impact on earnings.
"We are extremely pleased with our performance this quarter and especially with the expansion in our business development efforts," said Warren Musser, Chairman of RelationServe Media. "Our recurring customer base has been steadily increasing and has facilitated an ongoing expansion in our database. Consequently, we have been able to grow the business efficiently by leveraging our growing database as evidenced by the company's improved margins."
Quarterly gross profit grew during the quarter to $3.6 million representing 90.5% of revenues compared to $2.2 million representing 85.6% of revenues in the corresponding period in 2004. Operating income for the quarter was $1.1 million, an increase of 59.9% from the corresponding period in 2004. However, on a percentage of revenues basis, operating income grew at a more moderate rate to 28.6% in the 2005 second quarter, compared to 28.2% in the corresponding period in 2004, primarily due to the initiation of a reserve for receivables in 2005.
As of June 30, 2005, the Company had only $700,000 of debt outstanding. Total cash and short-term investments available was approximately $2.9 million.
"We believe that RelationServe has established an excellent foundation for future growth as evidenced by our healthy and growing financial condition and expanding client base," commented Mr. Musser. "We expect the strength of our brand and the quality of our customer experience will enable us to continue to expand our client base and unearth complementary acquisition opportunities as we execute our business model."
About RelationServe Media, Inc.
Headquartered in Fort Lauderdale, Florida, RelationServe Media develops and executes client-tailored online and offline marketing programs. As part of its full suite of marketing solutions, RelationServe Media owns and manages one of the industry's largest email databases with over 175 million email addresses and a total postal database of 180 million records for its client's direct marketing initiatives. RelationServe Media believes that it has the industry's largest and most accurate database for appending and enhancing customer database records with information on more than 85 million opt-in consumers. In addition, RelationServe Media owns a collection of over 60 web-mining properties that generate over 10 million online registration page views per month for client lead generation initiatives. For more information, visit http://www.relationserve.com.
Safe Harbor Statement under the Private Securities Litigation reform Act of 1995: Forward-looking statements often are proceeded by words such as "believes", "expects", "may", "anticipates", "plans", "intends", "assumes", "will" or similar expressions. Forward-looking statements reflect management's current expectations, as of the date of this press release, and involve certain risks and uncertainties. RelationServe Media's actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors. The statements that are not historical facts contained in this press release are "forward-looking statements" that involve certain risks and uncertainties, including, but not limited to, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, the effectiveness, probability and marketability of such products, the ability to protect proprietary information, the impact of current, pending or future legislation and regulation on the electronic marketing industry, the impact of competitive products or pricing, technological changes, the effect of general economic and business conditions and other risks and uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
RELATIONSERVE MEDIA, INC. AND SUBSIDIARIES
BALANCE SHEET
June 30, 2005
(Unaudited)
ASSETS
CURRENT ASSETS:
Cash $ 2,907,801
Accounts receivable, less allowance for doubtful
accounts of $1,682,619 2,970,199
Prepaid expenses and other assets 84,283
------------
Total current assets 5,962,283
------------
Property and equipment, net 737,745
Intangibles, net 1,250,304
Other assets 28,966
------------
Total Assets $ 7,979,298
============
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 319,305
Accrued expenses 416,179
Accrued commissions 598,335
Income taxes payable 644,055
Deferred rent 180,630
Customer deposits 105,161
------------
Total current liabilities 2,263,665
LONG-TERM NOTE PAYABLE 700,000
------------
Total liabilities 2,963,665
------------
SHAREHOLDERS' EQUITY:
Preferred stock ($.001 Par value; 10,000,000 share
authorized; No shares issued and outstanding) -
Common stock ($.001 Par value; 90,000,000 share
authorized; 18,641,015 shares issued and outstanding) 18,641
Common stock issuable (1,130,000 shares) 1,130
Paid-in capital 7,088,156
Accumulated deficit (43,693)
Less: Deferred compensation (2,048,601)
------------
Total shareholders' equity 5,015,633
------------
Total liabilties and shareholders' equity $ 7,979,298
============
RELATIONSERVE MEDIA, INC. AND SUBSIDIARIES
STATEMENTS OF OPERATIONS
(Unaudited)
For the For the
Three Months Ended Six Months Ended
June 30, June 30,
------------------------- -------------------------
2005 2004 2005 2004
------------ ------------ ------------ ------------
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
Revenues, net $ 3,986,353 $ 2,530,907 $ 6,678,023 $ 3,842,193
Cost of revenues 377,701 364,742 733,252 844,931
------------ ------------ ------------ ------------
Gross Profit 3,608,652 2,166,165 5,944,771 2,997,262
------------ ------------ ------------ ------------
Selling Expenses:
Salaries and
commissions 835,940 730,232 1,545,486 1,221,303
Advertising and
trade shows 166,425 124,997 302,278 221,172
------------ ------------ ------------ ------------
1,002,365 855,229 1,847,764 1,442,475
------------ ------------ ------------ ------------
General and
Administrative
Expenses:
Bad debt 276,801 - 577,202 -
Salaries 214,334 183,068 344,323 335,431
Depreciation and
amortization 188,256 103,225 348,547 195,789
Professional fees 233,910 73,411 256,353 106,942
Stock-based
consulting
expense 127,632 - 127,632 -
Stock-based
compensation
expense 4,167 - 4,167 -
Other general and
administrative 419,582 237,337 737,452 425,081
------------ ------------ ------------ ------------
1,464,682 597,041 2,395,676 1,063,243
------------ ------------ ------------ ------------
Income from
Operations 1,141,605 713,895 1,701,331 491,544
Other Expense:
Interest expense (6,449) - (6,449) -
------------ ------------ ------------ ------------
Income before
provision for
income taxes 1,135,156 713,895 1,694,882 491,544
Provision for
income taxes (431,359) - (644,055) -
------------ ------------ ------------ ------------
Net income $ 703,797 $ 713,895 $ 1,050,827 $ 491,544
============ ============ ============ ============
Net income per
common share:
Net income per
common share -
basic $ 0.05 $ 0.06 $ 0.08 $ 0.04
============ ============ ============ ============
Net income per
common share -
diluted $ 0.04 $ 0.06 $ 0.06 $ 0.04
============ ============ ============ ============
Weighted average
common shares
outstanding -
basic 13,469,852 12,001,000 12,739,483 12,001,000
============ ============ ============ ============
Weighted average
common shares
outstanding -
diluted 17,934,012 12,001,000 17,036,254 12,001,000
============ ============ ============ ============
RELATIONSERVE MEDIA, INC. AND SUBSIDIARIES
STATEMENTS OF CASH FLOWS
For the Six Months Ended
June 30,
------------------------
2005 2004
------------ ------------
(Unaudited) (Unaudited)
Cash Flows From Operating Activities:
Net income $ 1,050,827 $ 491,544
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation and amortization 348,547 195,789
Stock-based compensation and
consulting 131,799 -
Changes in assets and liabilities:
Accounts receivable (2,347,138) (1,179,137)
Due from principal member 140,312 (5,654)
Prepaid expenses and other
current assets (17,749) 57,691
Other assets - 28,966
Accounts payable (18,492) (108,048)
Accrued expenses 209,547 10,971
Accrued commissions 342,065 201,739
Income taxes payable 644,055
Deferred rent (12,235) 172,238
Customer deposits (199,052) 286,528
------------ ------------
Net cash provided by
operating activities 272,486 152,627
------------ ------------
Cash Flows From Investing Activities:
Cash used in acquisition (150,000) -
Purchase of property and equipment (50,480) (116,997)
Purchase of intangible assets (708,767) (525,695)
------------ ------------
Net cash used in investing
activities (909,247) (642,692)
------------ ------------
Cash Flows From Financing Activities:
Net proceeds from sales of common stock 3,459,807 -
Proceeds from exercise of warrants 137,500
Contributions from members - 1,030,001
Draws by members (207,124) -
Payments on notes payable - (674,499)
------------ ------------
Net cash provided by
financing activities 3,390,183 355,502
------------ ------------
Net increase (decrease) in cash 2,753,422 (134,563)
Cash - Beginning of period 154,379 213,943
------------ ------------
Cash - End of period $ 2,907,801 $ 79,380
============ ============
Supplemental Disclosures of Cash Flow
Information
Cash payments for interest $ 810 $ -
============ ============
Cash payments for income taxes $ - $ -
============ ============
Non-cash investing and financing activities:
Note payable assumed in connection with
acquisition $ 700,000 $ -
============ ============
Common stock issued for future services $ 2,180,000 $ -
============ ============
Distribution of software to member (pre-
acquisition) $ 200,000 $ -
============ ============
for RelationServe Media:
Summit Financial Partners, LLC
Anthony D. Altavilla, President
317-218-0204
Source: Business Wire (August 11, 2005 - 5:21 PM EDT)
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