All thoughts, comments, and posts are just my opinions...Dont listen to me on your trades, do your DD
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
RSDS - is looking better. Tomorrow should help tell us some of the story one where we are headed. LOL - Ask Slappers...ROFL
How's this for a funny name ...
Tootie Pie Company, Inc. Begins Trading on the OTC Bulletin Board
4/9/2007
BOERNE, Texas, Apr 09, 2007 (BUSINESS WIRE) --
Tootie Pie Company, Inc., a Texas-based baker and seller of high-quality handmade pies, has initiated trading of its common stock on the NASD Over the Counter Bulletin Board (OTCBB:TOOT) under the symbol "TOOT." The stock traded 74,265 shares in its first day of trading and closed at $0.99 per share.
"As customer demand for our pies continues to grow, being a public company will allow us access to the capital markets where we can expect to attract the capital we need to continue our dramatic sales growth, expand our baking facilities and enhance shareholder value," said Don Merrill, President & CEO of Tootie Pie Company, Inc.
About Tootie Pie Company
Tootie Pie Company bakes and sells high-quality, handmade pies through three basic sales channels: retail, corporate and wholesale. The retail segment serves individual consumers through in-store sales, orders via telephone and internet orders on our website. Our corporate segment serves businesses that purchase our pies as a way to promote their company through customer and employee appreciation programs. Our pies are shipped to our retail and corporate customers via third party carriers (Fed Ex, UPS) all over the United States. The wholesale segment is made up of regional and national broad-line foodservice distributors who purchase our pies and then resell them to their customers. As of December 31, 2006, our primary distributors are Ben E. Keith Foodservices and Sysco Foodservices. These distributors have primarily sold to the central and south Texas markets, although sales are beginning to occur in other markets in Texas and the surrounding states. For additional information please visit our website at www.tootiepieco.com.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The words "believe," "expect," "should," "intend," "estimate," and "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's Form SB-2, which is on file with, and was declared effective by, the U.S. Securities and Exchange Commission (SEC) on January 8, 2007.
SOURCE: Tootie Pie Company, Inc.
Tootie Pie Company, Inc. Jeff Bailey, VP of Corporate Development, 210-237-4751 investorinfo@tootiepieco.com
Copyright Business Wire 2007
Thanks Cargo, yeah I'm expecting/hoping for a lot more from this one still...You've known about this one for awhile sounds like, wow! I think today may have just been a slight dip, should retrace soon.
PAYD - Hey Cargo, Sure thing, I'd like that as a no brainer. I think it has some go to it here soon.
I can imagine trying to manage it wouldn't be an easy task. If there's ever anything I can do to help, please let me know!
Thanks again.
Wow...Not to shabby at all.
Well after all, he is "Obi Penny Kanobi" lol...
QTEK - nice find Obi, hadn't followed that one lately...Looking into it more now
something looks terrible wrong there huh.
Maybe I gave ya a bad example. ;) In general though most seem to follow the 100 mark.
The CCI is heading up though on FCCN
GOLDEN CROSS UPDATED CHARTS:
An interesting idicator, sometimes you see the price jump just before, sometimes during, or sometimes afterward.
LTFD:
PAYD: or as I like to call is (Pay Day) lol
GOLDEN CROSS UPDATED CHARTS:
An interesting idicator, sometimes you see the price jump just before, sometimes during, or sometimes afterward.
LTFD:
Some info on the CCI Index. I always find this a very interesting indicator. I think it may just be me though. :) It's usually very popular as an indicator on the FOREX markets and with commodities. Follow the link to stock charts. http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:commodity_channel_index_...
There is also a guy on the web...Woody's CCI I believe its called. Can just Google it.
The CCI usually falls in a channel of -100 to 100. The conventional CCI trading system works as follows. When it rises above 100, buy and or hold until CCI falls back below 100. When CCI falls below -100, sell. I guess thats the quick answer of it. But there are many different patterns people follow. It's very popular with commodites and forex trading.
Stock charts has some good info on it - http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:commodity_channel_index_...
And there is a guy you can find on google...Woodys CCI I believe its called.
I agree OG, I think this one will run soon. Too tempting not to.
FCCN - CCI sure does look nice. Chart:
Hey Americano, great to see ya man. Hope you've been making some cash lately!
CCI on FCCN sure does look sweet: Chart-
RSDS, nice find Obi. The chart does look good for a bounce here, IMO. I'm liking it.
Good news, good press for XKEM. Shows they followed thru.
XKEM - Xechem Nigeria Receives N350 Million Naira Funding From NEXIM Bank to Accelerate Construction of NICOSAN(TM) Production Facility
Monday April 9, 6:30 am ET
NEW BRUNSWICK, NJ--(MARKET WIRE)--Apr 9, 2007 -- Xechem International, Inc. (OTC BB:XKEM.OB - News) announced today that Dr. Ramesh Pandey, Chairman and CEO of XECHEM companies, has collected N350 million Naira from Nigerian Export-Import ("NEXIM") Bank on Thursday, April 5, 2007 (approximately $2.6 million US Dollars). This amount was in addition to an earlier N150 million Naira (approximately $1.2 million US Dollars) approved and disbursed by NEXIM Bank.
ADVERTISEMENT
Dr. Pandey attended a small celebration along with senior management and board members of Xechem Nigeria at the home office of NEXIM Bank as he accepted the funds. Presenting the funds were NEXIM Bank's Managing Director/Chief Executive, Alh B. Y. Ahmed and Executive Director (operations) E.J. Ekere.
Dr. Pandey stated, "This is a very exciting time for Xechem. We are very grateful to the management of NEXIM Bank for taking this bold step with their vision and compassion to make Xechem's dream to bring this important drug to the millions of Sickle Cell Disease (SCD) patients who are anxiously waiting for NICOSAN(TM). Everyone has worked very hard to reach this point to help make this very important drug a reality for their country. With these funds, we can now accelerate completion of the commercial scale production facility for an opening during the fourth quarter of 2007."
About NICOSAN(TM)
NICOSAN(TM) is an antisickling drug developed by the Nigerian scientists at the National Institute for Pharmaceutical Research and Development (NIPRD). In clinical studies conducted under NIPRD's auspices, the drug has shown to substantially reduce the degree of sickling of the red blood cells of those afflicted with the disease. While not a cure, the clinical trials have confirmed that the large majority of patients taking NICOSAN(TM) no longer experience sickle cell "crises" while on the medication, and even among those whose crises are not eliminated, the number and severity of the crises are substantially reduced. Through quality control/quality assurance (QC/QA) Xechem has standardized and verified the antisickling activity of the product, which is now called as NICOSAN(TM).
After the approval by the regulatory agency of Nigeria, National Agency for Food and Drug Administration and Control (NAFDAC), NICOSAN(TM) is being marketed in Nigeria since July 6th, 2006 on a limited basis. NICOSAN(TM) has Orphan Drug Designation in the US and EU countries.
About XECHEM
Xechem International is a development stage biopharmaceutical company working on Sickle Cell Disease (SCD), antidiabetic, antimalarial, antibacterial, antifungal, anticancer and antiviral (including AIDS) products from natural sources, including microbial and marine organisms. Its focus is on the development of phyto-pharmaceuticals (natural herbal drugs) and other proprietary technologies, including those used in the treatment of orphan diseases. Xechem's mission is to bring relief to the millions of people who suffer from these diseases. Its recent focus and resources have been directed primarily toward the development and launch of NICOSAN(TM) (to be marketed as HEMOXIN(TM) in the US and Europe). With the Nigerian regulatory approval now in hand, Xechem is now working on the commercialization of the drug in Nigeria and the pursuit of US FDA and European regulatory approval. In addition to NICOSAN(TM), Xechem is also working on another sickle cell compound, 5-HMF, which it has licensed from Virginia Commonwealth University (VCU).
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by safe harbors created hereby. Such forward-looking statements involve known and unknown risks and uncertainties. Such risks include the risk that: (i) Xechem Nigeria will be unable to consummate the closing of its currently proposed bank financings; (ii) there could be delays and/or cost overruns in connection with the build out of Xechem Nigeria's pilot plant facility to a full scale commercial production facility; (iii) the Company and/or Xechem Nigeria could suffer significant dilution from the raising of additional capital until such point in time as they achieve cash flow break even status; (iv) doing business in Nigeria is subject to all of the risks of operation in a foreign country and associated political and regulatory risky and v) operations of the Company could be disrupted due to the chronic limited availability of funds to meet ongoing obligations.
Contact:
For further information contact:
Stephen Burg
Director
Xechem International, Inc.
(707) 425-8855
BYWD - Baywood International, Inc. Acquires Nutritional Specialties, Inc.
4/9/2007
SCOTTSDALE, Ariz., Apr 09, 2007 (BUSINESS WIRE) --
Baywood International, Inc. (OTCBB:BYWD) ("Company") announced today that it has acquired, through its wholly-owned subsidiary, Baywood Acquisition, Inc. ("Baywood"), substantially all of the assets and related liabilities of Nutritional Specialties, Inc./dba LifeTime(R) or LifeTime(R) Vitamins ("LifeTime") (such transaction, the "Acquisition"). The purchase price of LifeTime was $7,600,000 in cash, $1,100,000 of the Company's Common Stock (valued at $.05 per share, or 22,000,000 shares), $700,000 of 8% subordinated seller notes, $600,000 of 8% convertible subordinated seller notes (convertible into Common Stock at $.05 per share), Company warrants ("Warrants") to purchase an aggregate of 700,000 shares of Common Stock at $.05 per share and the assumption of certain liabilities totaling approximately $1,000,000.
LifeTime is a nutraceutical company that was established in 1988 and specializes in the development, marketing and distribution of its own brands under the LifeTime(R) name. LifeTime's brands currently consist of approximately 370 products that are sold directly to independent and chain health food stores, pharmacies, natural food stores, and other direct-to-consumer channels across the United States. In addition, LifeTime's products are sold internationally through distributors in Canada, Croatia, Turkey, England, Dubai, Holland, Sweden, Portugal and certain parts of Asia. LifeTime had audited sales of $11,900,000 for its fiscal year ended August 31, 2006 and taxable income of $1,250,000. Unaudited sales for calendar 2006 were $12,000,000 and taxable income was $1,500,000. Following the Acquisition, the Company intends to operate LifeTime as a separate subsidiary, based at its current location in Orange, California. Mr. Tom Pinkowski, LifeTime's current President and 1/3 owner, will be the President of the LifeTime subsidiary and a Vice President of the Company and will continue to execute the business plan of LifeTime following the Acquisition.
"LifeTime has enjoyed a very strong relationship amongst retailers for almost 20 years. This transaction was driven by our desire to partner with a complementary company that shares our vision to continue the momentum and strength of an established brand such as LifeTime in our rapidly growing industry," stated Neil Reithinger, President & C.E.O. of the Company. "By coupling LifeTime's existing strengths with a new dynamic sales and marketing focus, we hope to build a preeminent brand within the nutraceutical industry. The needed organizational flexibility and financial backing to execute this vision is what made Baywood a natural fit with LifeTime," Reithinger stated further.
"We at LifeTime Vitamins are excited about this new transition and the potential growth for our company. With 30 years' experience in this industry, my goal is to grow LifeTime to the next level, and stay mindful of keeping the core of our company intact. I believe that our relationship and support should go beyond the retailer and needs to continue through our sales and marketing force and protecting the integrity of our original vision," stated Tom Pinkowski, President of LifeTime. "Along with the resources from this acquisition, I believe that the experience of our new partners is very exciting and it will allow LifeTime to move forward in a very dynamic way. We look forward to entering into an exciting new growth phase with Baywood."
In connection with the Acquisition, the Company raised an aggregate of $10,215,000, including (i) $5,215,000 in an offering of Units with each Unit consisting of 5,000 shares of Series I 8% Convertible Preferred Stock ("Convertible Preferred Stock"), convertible into 1,250,000 shares of Common Stock at $.04 per share, and a Warrant (the "Investor Warrants") to purchase 250,000 shares of Common Stock at an exercise price of $.02 per share (the "Offering") to a group of accredited investors, (ii) the issuance of 10% subordinated Notes in an aggregate principal amount of $1,000,000 (the "10% Notes"), (iii) the issuance of a 12% subordinated Bridge Note in the principal amount of $2,000,000 (the "12% Bridge Note"), and (iv) bank financing in an aggregate principal amount of $2,000,000 ("Bank Financing"). As part of the Offering $300,000 of outstanding indebtedness of the Company was converted into Units. Northeast Securities, Inc. acted as financial advisor on the transaction. The sale of the Units, 10% Notes and 12% Bridge Note was conducted through Northeast Securities, Inc. as the exclusive placement agent (the "Placement Agent"). The purchasers of the 10% Notes were issued warrants to purchase 10,000,000 shares of Common Stock (the "10% Note Warrants"), at an exercise price of $.02 per share, and the purchaser of the 12% 2007 Bridge Note was issued warrants to purchase 4,000,000 shares of Common Stock at an exercise price of $.05 per share (the "12% Bridge Note Warrants" and, together with the 10% Warrants, collectively the "Additional Warrants"). The Company also issued to the Placement Agent warrants to purchase 18,483,750 shares of Common Stock, at an exercise price of $.04 per share (the "Placement Agent Warrants").
The Offering is continuing and the Company may sell a maximum of $7,500,000 or 150 Units. The Placement Agent and the Company reserve the right to increase this amount by an additional $2,000,000 (40 Units), or a total of 190 Units. The Offering has been extended through September 30, 2007, unless earlier terminated by the Company and the Placement Agent. The Bank Financing was obtained through Vineyard Bank, N.A. and consists of a $1,500,000 9.75% three-year secured term loan and a $500,000 9.25% two-year secured revolving line of credit to the Company.
Prior to the Offering the Company had approximately 42,700,000 shares of Common Stock outstanding. Assuming the maximum number of 150 Units is sold in the Offering, the Company will have outstanding 750,000 shares of Convertible Preferred Stock and an additional 37,500,000 Investor Warrants at an exercise price of $.02. Assuming conversion of all Preferred Stock and convertible notes and exercise of all Warrants, Investor Warrants, Additional Warrants and Placement Agent Warrants, the Company will have an additional 292,183,750 shares of Common Stock outstanding. Based on the foregoing, and assuming the exercise of all other outstanding options and warrants and the conversion of other series of preferred stock, the Company would have outstanding on a fully diluted basis a total of approximately 390,000,000 shares of Common Stock.
The Company has agreed to file within 60 days a registration statement with the Securities and Exchange Commission with respect to the resale of the Convertible Preferred Stock, Investor Warrants, Additional Warrants, Placement Agent Warrants and the shares of Common Stock issuable upon conversion of the Convertible Preferred Stock and the exercise of the Investor Warrants, Additional Warrants and Placement Agent Warrants. If the registration statement is declared effective, the Common Stock, Convertible Preferred Stock and Warrants will constitute three separate trading securities of the Company.
Unaudited 2006 sales of the Company were $1,100,000 and its operating loss was $350,000. Post-acquisition, the Company estimates cost savings in excess of $400,000 through integration of operational and product synergies.
For more detailed information regarding the Acquisition, Offering, 10% Notes, 12% Bridge Note and Bank Financing, please refer to the Company's filing on Form 8-K to be filed on the SEC's website at www.sec.gov.
About Baywood:
Baywood International, Inc. (OTCBB:BYWD) is a nutraceutical company specializing in the development, marketing and distribution of its own proprietary brands under the names Baywood PURECHOICE(R), Baywood SOLUTIONS(R) and Complete La Femme(R). The Company's products are distributed through independent and chain health food stores, pharmacies, grocery stores, and other direct-to-consumer channels both internationally and domestically. For more information, call (888) 350-0799, or for more information, visit www.bywd.com.
This press release is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security.
This press release may contain forward-looking statements, made in reliance upon Section 21D of the Exchange Act of 1934, which involve known and unknown risks, uncertainties or other factors that could cause actual results to differ materially from the results, performance, or expectations implied by these forward-looking statements. The Company's expectations, among other things, are dependent upon general economic conditions, continued demand for its products, the availability of raw materials, retention of its key management and operating personnel, its ability to integrate the business of Lifetime, need for and availability of additional capital as well as other uncontrollable or unknown factors which are more fully disclosed in the Company's Form 10-KSBs and 10-QSBs on file with the United States Securities and Exchange Commission.
SOURCE: Baywood International, Inc.
Baywood International, Inc. Neil Reithinger, 480-951-3956 ext. 120 President & C.E.O. nreithinger@bywd.com
Copyright Business Wire 2007
© 2007 Stockgroup Media Inc. | Disclaimer
XCHC - X-Change Corp. Revenue up Sharply in 2006
4/9/2007
DALLAS, Apr 09, 2007 (BUSINESS WIRE) --
X-Change Corporation (OTCBB: XCHC) today announced that, for the year ended December 31, 2006, the company achieved revenue of $1,154,573, a 279 percent increase on revenue of $414,203 for the year ended 2005. Net Operating Income increased to $829,620 from $255,337 for year ended 2005, a 325 percent increase.
General and administrative (G&A) expenses grew from 50 percent of revenues in 2005 compared to 58 percent of revenue in 2006 in support of the revenue growth. Complete results, including earnings, are available in the Company's recently filed 10K.
"We are encouraged by our year end results," said Michael L. Sheriff, chairman and CEO of X-Change Corporation. "We expect revenues to increase in 2007 as a result of additional development contract-related revenue, pilot project revenue from potential customers and recurring revenue from royalty and other agreements."
About X-Change Corporation
X-Change Corporation, through its wholly-owned subsidiary, AirGATE Technologies, Inc. is a leader in unique, vertical market applications utilizing RFID and wireless, intelligent sensor technology. AirGATE Technologies, a full-solution company, handles business assessment, technology selection, including proprietary AirGATE technology, integration and support. The Company has, in an environment of technology cost compression, built a stable of technology partners that are best in class and span a wide range of solutions to support small, medium and large enterprises. Please visit www.airgatetech.com or www.x-changecorp.com for further information.
Forward-Looking Statements
Except for historical information contained herein, the statements made in this release constitute forward-looking statements (including within the meaning of Section 27A of the United States Securities Act of 1933 and Section 21E of the United States Securities Exchange Act of 1934). Such forward-looking statements are based on current expectations that are subject to significant risks, including our need to raise capital, our dependence on strategic relationships with key suppliers and customers, our business model's dependence on widespread acceptance of RFID technology, our ability to develop recurring revenue streams and the competitiveness of the market in which we compete. These forward looking statements include statements regarding the intent, belief or current expectations of the X-Change Corporation, AirGATE Technologies and their respective managements regarding strategic directions, prospects, future events and future results such as our ability to raise the full $6 million dollars to complete our private placement in one or more additional closings. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. Readers are referred to the documents filed by the X-Change Corporation, which are on file with the U.S. Securities and Exchange Commission and may be accessed at http://www.sec.gov or the X-Change Corporation's investor relations web page at http://www.x-changecorp.com/index.html, and specifically the most recent reports on Form 10-K and 10-Q, each as it may be amended from time to time. The X-Change Corporation disclaims any obligation to update or correct any forward-looking statements made herein.
SOURCE: X-Change Corporation
X-Change Corporation Michael L. Sheriff, Chief Executive Officer, 972-747-0051 or Eisenberg Communications Rick Eisenberg, 212-496-6828
Copyright Business Wire 2007
© 2007 Stockgroup Media Inc. | Disclaimer
lol puuuurty...
Just the move to the OTCBB up from pinkies will be huge IMO, not to mention everything else we know about.
Hey Cargo, hope your doing well man. GL tomorrow. Hope we have a great week!
Oil falls below $64 after Iran frees Britons
4/8/2007 10:59:26 PM
By Fayen Wong
SYDNEY (Reuters) - Oil prices retreated below $64 a barrel on Monday, extending a decline after Iran released 15 British sailors and marines, easing concerns over supplies from the world's fourth-largest oil exporter.
U.S. crude (CLc1) fell 43 cents to $63.85 a barrel by 0326 GMT, adding to Thursday's 10-cent drop after markets were closed on Friday for the Easter holiday. London Brent crude (LCOc1) was down 35 cents at $67.89.
Analysts said the fall in oil prices late last week, triggered by Iran's unexpected decision to free the Britons, had caught investors by surprise.
Speculators on the New York Mercantile Exchange built net long positions on crude oil last week to the highest level in more than six months in a bet prices would rise, the Commodity Futures Trading Commission said Friday. But Iran's move forced them to cut their positions on Monday, pushing oil prices lower.
"Oil prices have been strongly inflated by the diplomatic tensions in the past two weeks. So when prices fell, those who betted heavily for oil to rise would have to quickly cut their losses," said Tetsu Emori, an analyst at Mitsui Bussan Futures in Tokyo.
The March 23 detention of the British military personnel pushed U.S. oil above $68 in late March -- the highest level in more than six months. While Iran's row with Britain has ended, tensions with the West over its nuclear program continue.
President Mahmoud Ahmadinejad is expected to hold a news conference later on Monday to reveal the country's nuclear plans when he visits its uranium enrichment facility.
Iran's foreign ministry said on Sunday the country would not discuss its "obvious right" to master nuclear technology and that the country's military "was totally prepared to defend the country."
The United States has accused Iran of trying to build a nuclear bomb but Tehran has insisted that it is peaceful atomic work.
U.S. ECONOMY, NIGERIA
Traders are also watching supplies from the world's eight-largest oil exporter Nigeria, which have been cut by militant attacks. Oil major Royal Dutch Shell Plc (RDSa.L) said on Friday oil production of about 477,000 barrels per day may resume in the Niger Delta in several months' time.
Analysts said the market would keep a cautious watch on the economy of the United States, the world's top oil consumer, which has already seen a housing market slowdown.
"There is some mixed U.S. economic data... but there are no catalysts at the moment for the market to believe that the U.S. is heading towards a recession," Emori said.
U.S. employers added a stronger-than-expected 180,000 new jobs in March and the unemployment rate fell to a five-month low.
A report from the Organisation for Economic Cooperation and Development pointed to a slowdown in the world's largest economy, and signaled a weaker outlook for G7 economies as a whole
I very much agree. The best is yet to come IMO with FCCN.
looking forward to an interesting week. Looks to be active I think.. GL
PAYD seems to get little mention anywhere. But looks like a good play to me, IMO
Plus they had nice news last week as well.
PAYD - Chart...Remember the news last week as well.
Paid, Inc. Reports Record Revenue for 2006
Wednesday April 4, 8:04 am ET
$8 Million of Revenue, Zero Long-Term Debt
BOSTON--(BUSINESS WIRE)--Paid, Inc. (OTCBB:PAYD - News) has announced its financial results for the year ended December 31, 2006 and recapped its significant achievements for the year.
Revenue for 2006 was a record $8,049,000 compared to $4,920,000 in 2005 -- an increase of 64%. Business improved significantly in 2006, with dramatically expanded merchandising and product offerings, and growth in sales related to tours of performing artists.
Significant achievements in 2006 included:
Increased revenue 64% while reducing operating expenses 8%
Net loss decreased by $1,794,000
Retired $1.15 million remaining long-term debt
Opened new corporate office in Boston
Contracts signed with a number of major performing artists and entertainment organizations.
"We've made huge strides in our business model in the past three years. In 2006, we executed our core business plan and achieved our 2006 goals of expanding our client base and increasing revenues," said Mr. Greg Rotman, CEO of Paid, Inc. "We've started to realize the expected economies of scale in our highly scaleable business model, which has enabled us to progress toward profitability. From a longer-term perspective, in 2006, we leveraged our 2004 and 2005 investments in Paid's future to build the Company and our management team while eliminating reliance on long-term debt. With an improved balance sheet, we've placed the Company in a stronger financial position in preparation for the growth phase we are now in. We are well positioned to escalate our business growth into 2007 and beyond, building upon our celebrity services business model and growing our technology-related ecommerce revenue streams."
In 2006, Paid's celebrity services business generated revenue of $7,278,000, from fan experience packages, fan club memberships and related merchandise and $247,300 from sports marketing revenues compared to 2005 celebrity services revenue of $3,288,000 and sports marketing revenue of $357,200. Sales of the Company's own product and fees from buyers and sellers through the Company's Rotman Auction operations declined to $473,000 in 2006, from $1,301,000 in 2005, due to a management decision late in 2005 to streamline sales channels for Company-owned product and, in turn, terminating sales on eBAY, in an effort to reduce related overhead.
Total operating expenses for 2006 were $4,185,000, compared to $4,561,000 for 2005, a decrease of $376,000 or 8%. Net loss decreased by $1,794,000 from 2005 to a net loss of $1,704,000 in 2006, while the Company retired its remaining $1.15 million in long-term debt in 2006. Paid is now free of all long-term debt. The basic and diluted loss per share for 2006 is $.01 per share, compared to $.02 per share in 2005.
"During 2006, as previously projected, our staff growth slowed as our client base expanded due to efficiencies of scale, and in 2007 we expect to further streamline our operations," Paid CFO and COO Mr. Rich Rotman noted. "Additionally, our technology costs and related technical staff associated with fan club tour ticketing in 2005 were one-time charges that did not recur in 2006, with the exception of ongoing maintenance and regular upgrades."
Paid President of celebrity services Mr. Keith Garde said, "We've rounded out our service offerings with the addition of more merchandising, marketing and fan community capabilities and our new video and film production services. We expect to continue to add new technologies and services to our offerings that will be beneficial to our clients and enhance their fans' experiences. With an experienced team in place, we grew sales by more efficiently and proactively promoting and marketing our clients and their merchandise."
Mr. Greg Rotman concluded, "We see significant potential for Paid in merchandising and celebrity services and expect to build upon the momentum in those areas in 2007. In addition, we believe we will grow our client base with top quality performing artists and sports and entertainment entities in 2007 and we expect to start generating revenue from licensing agreements related to our online shipping calculation business method for which a patent was recently allowed by the U.S. Patent and Trademark Office. We expect to see our business development efforts in multiple areas coming to fruition and positively impacting the bottom line in 2007."
To access the entire contents of Paid, Inc.'s 2006 10-KSB Annual Report, go to www.sec.gov and enter PAYD in the ticker field.
About Paid, Inc.:
Paid, Inc. operates a diversified set of businesses, including its celebrity services and AuctionInc ecommerce technology businesses. Using proprietary patent-pending technology, Paid's innovative AuctionInc brand shipping calculation and auction management software and services are utilized to streamline online auctions, ecommerce and web site development and hosting. Paid, Inc.'s celebrity services provides celebrities and organizations with official Web sites and fan club services that include e-commerce storefronts, ticketing and fan experience packages and web site content to attract tens of thousands of visitors daily, as detailed on its web site, www.paidcelebrity.com. The Company also sponsors autograph signing events and other sports marketing services for sports clientele. The Company's common stock is traded on the OTC Bulletin Board under the symbol PAYD. For further information, visit http://www.paid.com.
Forward Looking Statements:
This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events, including matters related to the Company's operations, profitability, business development efforts, and expectations about celebrity programs and fan club activities, technologies, and services. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties. In addition, other factors that could cause actual results to differ materially are discussed in the Company's most recent filings, including Form 10-KSB with the Securities and Exchange Commission.
PAYD - my no brainer.
Chart:
Paid, Inc. Reports Record Revenue for 2006
Wednesday April 4, 8:04 am ET
$8 Million of Revenue, Zero Long-Term Debt
BOSTON--(BUSINESS WIRE)--Paid, Inc. (OTCBB:PAYD - News) has announced its financial results for the year ended December 31, 2006 and recapped its significant achievements for the year.
Revenue for 2006 was a record $8,049,000 compared to $4,920,000 in 2005 -- an increase of 64%. Business improved significantly in 2006, with dramatically expanded merchandising and product offerings, and growth in sales related to tours of performing artists.
Significant achievements in 2006 included:
Increased revenue 64% while reducing operating expenses 8%
Net loss decreased by $1,794,000
Retired $1.15 million remaining long-term debt
Opened new corporate office in Boston
Contracts signed with a number of major performing artists and entertainment organizations.
"We've made huge strides in our business model in the past three years. In 2006, we executed our core business plan and achieved our 2006 goals of expanding our client base and increasing revenues," said Mr. Greg Rotman, CEO of Paid, Inc. "We've started to realize the expected economies of scale in our highly scaleable business model, which has enabled us to progress toward profitability. From a longer-term perspective, in 2006, we leveraged our 2004 and 2005 investments in Paid's future to build the Company and our management team while eliminating reliance on long-term debt. With an improved balance sheet, we've placed the Company in a stronger financial position in preparation for the growth phase we are now in. We are well positioned to escalate our business growth into 2007 and beyond, building upon our celebrity services business model and growing our technology-related ecommerce revenue streams."
In 2006, Paid's celebrity services business generated revenue of $7,278,000, from fan experience packages, fan club memberships and related merchandise and $247,300 from sports marketing revenues compared to 2005 celebrity services revenue of $3,288,000 and sports marketing revenue of $357,200. Sales of the Company's own product and fees from buyers and sellers through the Company's Rotman Auction operations declined to $473,000 in 2006, from $1,301,000 in 2005, due to a management decision late in 2005 to streamline sales channels for Company-owned product and, in turn, terminating sales on eBAY, in an effort to reduce related overhead.
Total operating expenses for 2006 were $4,185,000, compared to $4,561,000 for 2005, a decrease of $376,000 or 8%. Net loss decreased by $1,794,000 from 2005 to a net loss of $1,704,000 in 2006, while the Company retired its remaining $1.15 million in long-term debt in 2006. Paid is now free of all long-term debt. The basic and diluted loss per share for 2006 is $.01 per share, compared to $.02 per share in 2005.
"During 2006, as previously projected, our staff growth slowed as our client base expanded due to efficiencies of scale, and in 2007 we expect to further streamline our operations," Paid CFO and COO Mr. Rich Rotman noted. "Additionally, our technology costs and related technical staff associated with fan club tour ticketing in 2005 were one-time charges that did not recur in 2006, with the exception of ongoing maintenance and regular upgrades."
Paid President of celebrity services Mr. Keith Garde said, "We've rounded out our service offerings with the addition of more merchandising, marketing and fan community capabilities and our new video and film production services. We expect to continue to add new technologies and services to our offerings that will be beneficial to our clients and enhance their fans' experiences. With an experienced team in place, we grew sales by more efficiently and proactively promoting and marketing our clients and their merchandise."
Mr. Greg Rotman concluded, "We see significant potential for Paid in merchandising and celebrity services and expect to build upon the momentum in those areas in 2007. In addition, we believe we will grow our client base with top quality performing artists and sports and entertainment entities in 2007 and we expect to start generating revenue from licensing agreements related to our online shipping calculation business method for which a patent was recently allowed by the U.S. Patent and Trademark Office. We expect to see our business development efforts in multiple areas coming to fruition and positively impacting the bottom line in 2007."
To access the entire contents of Paid, Inc.'s 2006 10-KSB Annual Report, go to www.sec.gov and enter PAYD in the ticker field.
About Paid, Inc.:
Paid, Inc. operates a diversified set of businesses, including its celebrity services and AuctionInc ecommerce technology businesses. Using proprietary patent-pending technology, Paid's innovative AuctionInc brand shipping calculation and auction management software and services are utilized to streamline online auctions, ecommerce and web site development and hosting. Paid, Inc.'s celebrity services provides celebrities and organizations with official Web sites and fan club services that include e-commerce storefronts, ticketing and fan experience packages and web site content to attract tens of thousands of visitors daily, as detailed on its web site, www.paidcelebrity.com. The Company also sponsors autograph signing events and other sports marketing services for sports clientele. The Company's common stock is traded on the OTC Bulletin Board under the symbol PAYD. For further information, visit http://www.paid.com.
Forward Looking Statements:
This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events, including matters related to the Company's operations, profitability, business development efforts, and expectations about celebrity programs and fan club activities, technologies, and services. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties. In addition, other factors that could cause actual results to differ materially are discussed in the Company's most recent filings, including Form 10-KSB with the Securities and Exchange Commission.
CALLING ALL TRENDFINDERS....Lets meke this one heck of a week. Anyone have picks they want to post and or DD. Please feel free. Looking forward to Monday :) GL Everyone!!!
U.S. Gas Prices Jump 18 Cents in 2 Weeks
Sunday April 8, 8:02 pm ET
Average Cost of Gas Across the Nation Rose About 18 Cents in 2 Weeks, Analyst Says
http://biz.yahoo.com/ap/070408/gas_prices.html?.v=4
CAMARILLO, Calif. (AP) -- The average cost of self-serve regular gasoline rose about 18 cents per gallon nationwide over the past two weeks, according to a survey released Sunday.
That translated to an average price of $2.78 a gallon, according to the latest Lundberg Survey of 7,000 gas stations across the country.
On April 6, a gallon of midgrade gasoline averaged about $2.89, and premium was nearly $3.
Nationwide, the lowest average price for regular fuel was $2.54 in Charleston, S.C., and the highest was in San Francisco at $3.30 a gallon.
WWNG Chart: MACD Trending back up?
SMKG Chart. Maybe back at bottom:
NVMG Chart:
HYRF looking interesting. Anyone know the O/S count, a fairly current one?
HYRF Trending up? Chart:
Hey, nice board format. I like your work!