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.
The Company's executive officers and directors and their positions with MSGI are as follows:
Name Age Positions and Offices, if any, Held Director Since
J. Jeremy Barbera 53 Chief Executive Officer and Chairman of the Board of Directors and Chief Executive Officer 1996
Richard J. Mitchell, III 51 Chief Accounting Officer, Treasurer and Secretary
Lt. Gen. James A. Abrahamson 77 Vice Chairman of the Board of Directors 2010
Joseph C. Peters 53 President and Director 2004
John T. Gerlach 78 Director 1997
Seymour Jones 79 Director 1996
David C. Stoller 60 Director 2004
Mr. Barbera has been Chairman of the Board and Chief Executive Officer of the Company and its predecessor businesses since April 1997, and has served as Director and officer since October 1996 when MSGI Direct was acquired in an exchange of stock. He founded MSGI Direct in 1987, which was twice named to the Inc. 500 list of the fastest growing private companies in America. Mr. Barbera pioneered the practice of database marketing for the live entertainment industry in the 1980’s, achieving nearly one hundred percent market share in New York. Under his leadership, MSGI originated the business of web-based ticketing in 1995 and became the dominant services provider in every major entertainment market in North America. Their principal areas of concentration also included: financial services, fundraising and publishing. MSGI was named one of the 50 fastest growing public companies in both 2001 and 2002 by Crains New York Business. In April 2004, Mr. Barbera completed the divestiture of the legacy businesses and re-birthed the company in the homeland security industry as MSGI Security Solutions, Inc. Prior to founding MSGI Direct, Mr. Barbera was a research scientist based at NASA/Goddard Space Flight Center, working on such groundbreaking missions as Pioneer Venus and the Global Atmospheric Research Program. Mr. Barbera has more than 20 years of experience in the areas of technology, marketing and database management services. Mr. Barbera is a Physicist educated at New York University and the Massachusetts Institute of Technology.
Mr. Mitchell has been the Company's Chief Accounting Officer and Treasurer since December 2003. Mr. Mitchell was appointed as Secretary by the Board of Directors of the Company in December 2006. Mr. Mitchell has been with the Company since May of 1999, when the former CMG Direct Corp. was acquired from CMGi, Inc. Mr. Mitchell has since served in a variety of positions for MSGI, including VP, Finance and Controller of CMG Direct Corp., VP, Finance for MKTG Services, Inc. and Senior V.P. and General Manager of MKTG Services Boston, Inc. Prior to joining the MSGI team, Mr. Mitchell served as a senior financial consultant to CMGi. During his tenure with CMGi, he participated on the Lycos IPO team, assisting in preparing Lycos for it's highly successful initial offering in April 1996. As a consultant to CMGi, Mr. Mitchell was also involved in corporate accounting and finance, including involvement in the formation of companies such as Navisite and Engage Technologies. In addition, Mr. Mitchell participated in the mergers and acquisition team of SalesLink, a wholly owned subsidiary of CMGi,where he assisted in the post-acquisition financial reporting systems migration and financial management of Pacific Link, a fulfillment operation located in Newark, CA. Mr. Mitchell performed a variety of financial management and accounting functions for Wheelabrator Technologies Inc., a $1.5 billion environmental services company, from 1987 through 1994. Those responsibilities included Northeast Regional Controller for the Wheelabrator Clean Water Corp. division, Corporate Director of Internal Audit and Corporate Accounting Manager. Mr. Mitchell graduated from the University of Massachusetts at Lowell with a Bachelor of Science degree in Accounting.
Lieutenant General James A. Abrahamson, (retired USAF) has been Vice- Chairman of the MSGI Board of Directors since his appointment in 2010. From 1992 to 1995, Lt. Gen. Abrahamson served as Chairman of the Oracle Corporation. Prior to holding his Chairmanship at Oracle, he held the position of Executive Vice President for Corporate Development, and then President of the Transportation Sector, for Hughes Aircraft Company as well as a member of the Hughes Aircraft Company Board of Directors. While on active duty in the Air Force, Lt. Gen. Abrahamson became one of the military's most experienced program directors. He led the Strategic Defense Initiative (President Reagan's "Star Wars" Program) from April 1984 until he retired from the Air Force in January 1989, at the rank of Lieutenant General. He also directed the development of the F-16 Multi-National Fighter and served as the NASA Associate Administrator for Space Flight, managing NASA's Space Shuttle from its second flight through 10 safe and successful missions. Lt. Gen. Abrahamson currently serves as Chairman and Chief Executive Officer of StratCom, LLC; SkySpectrum, LLC; and Sky Sentry, LLC. Each of these companies is associated with the development of airships for civil and military applications. He also serves as Chairman of the Board of GeoEye (NASDAQ: GEOY) and Chairman of the Board of Global Relief Technologies. Lt. Gen. Abrahamson earned a Bachelor of Science degree in Aeronautical Engineering from the Massachusetts Institute of Technology and a Master of Science degree in the same field through the Air Force Institute of Technology program at the University of Oklahoma. He completed Squadron Officer School in 1958, Air Command and Staff College in 1966, the Air Force Test Pilot School in 1967, and the Industrial College of the Armed Forces in 1973. He served in the Air Force as a Test Pilot, Fighter Pilot, and Program Manager for 33 years, prior to moving to senior positions in civil industry .
60
--------------------------------------------------------------------------------
Mr. Peters has served as President of the Company since November 2004 and has served as a Director of the Company since April 2004. Mr. Peters served President George W. Bush as the Assistant Deputy Director for State and Local Affairs of the White House's Drug Policy Office - commonly referred to as the Drug Czar's Office. There his duties included supervision of the country's High Intensity Drug Trafficking Area (HIDTA) Program. Mr. Peters also served as the Drug Czar's Liaison to the White House Office of Homeland Security and Governor Tom Ridge. Previously, Mr. Peters joined the Clinton White House, to direct the country's 26 HIDTA's, with an annual budget of a quarter billion dollars. Mr. Peters also represented the White House with police, prosecutors, governors, mayors and many non-governmental organizations. Mr. Peters began his career as a State prosecutor when he joined the Pennsylvania Attorney General's office in 1983. He later served as a Chief Deputy Attorney General of the Organized Crime Section, and in 1989 was named the first Executive Deputy Attorney General of the newly created Drug Law Division. In that capacity, Mr. Peters oversaw the activities of 56 operational drug task forces throughout the State, involving approximately 760 local police departments with 4,500 law enforcement officers. Mr. Peters consults to national and international law enforcement organizations on narco-terrorism and related intelligence and prosecution issues. He is an associate member of the Pennsylvania District Attorney's Association and a member of the International Association of Chiefs of Police, where he sits on their Terrorism Committee. Mr. Peters has devoted his entire career to public service.
Mr. Gerlach has been a Director of the Company since December 1997. Mr. Gerlach is Chairman of the M&A Committee and a member of the Audit and Compensation Committees of the Board of Directors. He is currently Senior Executive Professor with the graduate business program and Associate Professor of Finance at Sacred Heart University in Fairfield, CT. Previously, Mr. Gerlach was a Director in Bear Stearns' corporate finance department, with responsibility for mergers and financial restructuring projects, President and Chief Operating Officer of Horn & Hardart and Founder and President of Consumer Growth Capital. Mr. Gerlach also serves as a director for Uno Restaurant Co., SAFE Inc., Cycergie (a French company), Akona Corp., and the Board of Regents at St. John's University in Collegeville, MN. Mr. Gerlach is also a member of an advisory board for Drexel University’s College of Business & Administration.
Mr. Jones has been a Director of the Company since June 1996 and is a member of the Audit Committee of the Board of Directors. Mr. Jones has been Professor of Accounting at New York University since September 1993. From April 1974 to September 1995, Mr. Jones was a senior partner of the accounting firm of Coopers and Lybrand, a legacy firm of PriceWaterhouseCoopers LLP. In addition to 40-plus years of accounting experience, Mr. Jones has more than ten years of experience as an arbitrator and an expert witness, particularly in the areas of fraud, mergers and acquisitions, and accounting matters. Mr. Jones also functions as a consultant to Milberg Factors Inc. and CHF Industries Inc., and serves as a director for Arotech Corporation.
Mr. Stoller has served as a Director of the Company since March 2004, and is a member of the Audit Committee. Mr. Stoller has been involved in public and private finance for the last 20 years. Mr. Stoller began his professional career as an attorney. He was partner and co-head of global finance for Milbank, Tweed, Hadley & McCloy, LLP where he helped build one of the world's largest and most successful finance practices, participating personally in financings totaling more than $4 billion. At the end of 1992, Mr. Stoller joined Charterhouse Group International, a large New York City-based private equity firm, as chairman of its Environmental Capital Group. In 1993, Mr. Stoller, through the Charterhouse Environmental Group, launched American Disposal Services, an integrated waste management company that ultimately acquired and consolidated, with $34 million in equity capital, more than 70 waste management companies, located principally in the Midwest. American Disposal had a successful initial public offering in July 1996, and shortly afterward, Mr. Stoller, still chairman, became a general partner at Charterhouse and actively participated in raising $1 billion for Charterhouse's third private equity fund. American Disposal was sold in 1998 to Allied Waste for a price exceeding $1.3 billion. In August of 1998, Mr. Stoller left Charterhouse to launch Americana Financial Services, raising over $25 million in private equity capital. Americana (now the American Wholesale Insurance Group) is currently one of the top five largest private wholesale insurance brokerages in the United States. In 2002, Mr. Stoller launched TransLoad America LLC, which is principally in the business of transloading and transporting waste materials by rail, with an initial focus on the northeastern section of the United States. Mr. Stoller holds a B.A. from the University of Pennsylvania, an M.A. from the Graduate Faculty of the New School for Social Research, and a J.D. from Fordham University School of Law. He is also a graduate of the Harvard Business School Advanced Management Program.
per the pr. the debt is being wipped out in excahnge for stakes in the subs, which is comforting plus this company taking the stakes is a billion dollar company! that in my opinion is biggggggggggg
MSGI has formed a strategic partnership with Attonbitus Development Inc. for the purpose of expanding our green technology business, accelerating the overall growth of MSGI and reducing debt. Attonbitus, an American company with operations in Bucharest, Romania and Dubai, UAE, focuses on sustainable development in commercial, resort and infrastructure projects. Attonbitus uses the principles of sustainable design and recycled materials combined with clean domestically produced renewable energy resources including solar energy and wind. Attonbitus Management currently has over $4 billion dollars in projects in various stages of development and has $750 million in assets on its balance sheet.
Attonbitus has agreed to purchase the Convertible Notes (which originated 2006 through 2009) and presently remain on the Company's balance sheet. Upon closing, Attonbitus will extinguish the $12 million in debt and convert the value into a series of investments in various MSGI operating subsidiaries. MSGI and Attonbitus are also negotiating an additional investment to meet the working capital demands of the Company enabling it to complete the development cycle and immediately begin the commercialization process of various new breakthrough products.
http://finance.yahoo.com/news/MSGI-Announces-Strategic-iw-83541409.html?x=0&.v=1
The main thing here is the partnerships, TECHNOLOGY and multi hundred million dollar potential contracts we can capture!
their partners seem to be in the billions worth of revenue so whats a few hundred million of revenue for their little partner!
at .04 cents this could easily be worth $4 - $7 dollars maybe more!!!!! thats a score if i would say sooo! roll em them dice
my best penny play to become dollars!
the Company announced that it is developing its first product derived from the NASA nanotechnology, a handheld diagnostic device designed for medical and environmental testing and detection using breakthroughs in nanotechnology and chemical sensing. Nanobeak intends to take the handheld sensor from prototype to commercial production and international distribution.
The US Department of Homeland Security and the US Department of Defense have already provided more than $5 million in grant money to advance the efforts of NASA in developing working prototypes.
Overview
To facilitate an analysis of MSGI operating results, certain significant events should be considered.
NASA
In August 2009, the Company announced that it had executed two Space Act Agreements with NASA forming a partnership between MSGI and the Ames Research Center (ARC) located in Moffet Field, California. The purpose of this collaboration between MSGI and NASA is to commercialize various revolutionary technologies developed by NASA in the fields of nanotechnology and alternative energy. The Company's initial area of focus is to be on the use of chemical sensors or nano-sensing technology. These wired and wireless detection systems were first developed for space exploration in 2007 and 2008 for experiments carried out on the Space Shuttle Endeavor. The Company intends to form a number of majority owned subsidiaries, each of which will hold the rights to a specific technology and also serve as the vehicle for investment capital.
In August 2009, the Company announced that it had formed its first subsidiary for NASA based technology. This new subsidiary, named Nanobeak Inc., is a nanotechnology company focused on carbon based chemical sensing for gas and organic vapor detection - effectively electronic sniffing. NASA developed these Nano Chemical Sensors for space missions to increase scientific measurement capabilities with less mass and lower power requirements. The potential space and terrestrial applications include cabin air monitoring onboard the Space Shuttle, surveillance of global weather, forest fire monitoring, radiation detection, and various other mission critical capabilities. This technology was developed at the NASA Ames Research Center located in Moffet Field, California. The commercial applications of these Nano Chemical Sensors relate specifically to Homeland Security and Defense, Medical Diagnoses, Environmental Monitoring and Process Control. Nanobeak seeks to offer products in each of these sectors beginning in the fiscal year ending June 30, 2011, but timing of these efforts cannot be assured.
In September 2009, the Company announced that it had formed its second subsidiary for NASA based technology. The subsidiary is named Andromeda Energy Inc. and it is a nanotechnology company focused on scalable alternative energy solutions that operate more efficiently, and therefore yield significantly lower electricity cost per watt than conventional energy sources. The Company is in receipt of several expressions of interest for partnerships in the planned deployment of this new technology from major corporations located in the People's Republic of China.
also a big wild card!
MSGI has formed a strategic partnership with Attonbitus Development Inc. for the purpose of expanding our green technology business, accelerating the overall growth of MSGI and reducing debt. Attonbitus, an American company with operations in Bucharest, Romania and Dubai, UAE, focuses on sustainable development in commercial, resort and infrastructure projects. Attonbitus uses the principles of sustainable design and recycled materials combined with clean domestically produced renewable energy resources including solar energy and wind. Attonbitus Management currently has over $4 billion dollars in projects in various stages of development and has $750 million in assets on its balance sheet
How will this impact the authorized!
Attonbitus has agreed to purchase the Convertible Notes (which originated 2006 through 2009) and presently remain on the Company's balance sheet. Upon closing, Attonbitus will extinguish the $12 million in debt and convert the value into a series of investments in various MSGI operating subsidiaries. MSGI and Attonbitus are also negotiating an additional investment to meet the working capital demands of the Company enabling it to complete the development cycle and immediately begin the commercialization process of various new breakthrough products.
Enlyten did you see this..
We are running out of authorized shares our common stock
i seen this but if im correct once the enable debt is retired, per press release the debt will be in exchange for a piece of the subs. so doesnt take care of the authorized issues, as this filing doesnt reflect the extinquish of debt! and investment per pr.
To the best of my knowledge the E should dropp off!
FINGERS IS SPAMMING RTGV OVER ON THE MSGI BOARD!
worry look at todays news! damn this stock is going up up up! no duluition and we are debt free with no duluition and look at this partner and nasa wow i could hardly wait.... best damn penny stock i ever seen in my opinion.... while others play for pennies on bs co. msgi is the real deal!
http://attonbitusdevelopment.com/About_us/Home.html
MSGI Security Solutions Inc, (OTCBB: MSGI) (OTCBB: MSGIE) today made an update to its shareholders on the formation of a strategic partnership and their progress on a material debt reduction plan which began earlier this year.
MSGI has formed a strategic partnership with Attonbitus Development Inc. for the purpose of expanding our green technology business, accelerating the overall growth of MSGI and reducing debt. Attonbitus, an American company with operations in Bucharest, Romania and Dubai, UAE, focuses on sustainable development in commercial, resort and infrastructure projects. Attonbitus uses the principles of sustainable design and recycled materials combined with clean domestically produced renewable energy resources including solar energy and wind. Attonbitus Management currently has over $4 billion dollars in projects in various stages of development and has $750 million in assets on its balance sheet.
Attonbitus has agreed to purchase the Convertible Notes (which originated 2006 through 2009) and presently remain on the Company's balance sheet. Upon closing, Attonbitus will extinguish the $12 million in debt and convert the value into a series of investments in various MSGI operating subsidiaries. MSGI and Attonbitus are also negotiating an additional investment to meet the working capital demands of the Company enabling it to complete the development cycle and immediately begin the commercialization process of various new breakthrough products.
On March 15, 2010, MSGI announced that a Purchase and Sale Agreement was executed between Madison And Wall Investments, LLC and the holders of all Convertible Notes from December 2006 through March 2009 representing principal and accrued interest for a total $12 million. Since Madison and Wall Investments did not complete the transaction, the Company solicited the interest of a strategic partner who was committed to completing the transaction while also assisting MSGI execute upon their plans for growth.
About MSGI MSGI Security Solutions, Inc. (OTCBB: MSGI) (OTCBB: MSGIE) is a provider of proprietary solutions to commercial and government organizations. We are developing a combination of innovative emerging businesses that commercialize best of breed technology. The Company is based in New York and Silicon Valley. MSGI has executed several Space Act Agreements with The National Aeronautics and Space Administration ("NASA") forming a partnership between MSGI and the NASA Ames Research Center for the purpose of research and development, technology transfer and near-term commercialization of NASA inventions.
The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors, including general economic conditions, spending levels and other factors could cause actual results to differ materially from the Company's expectations.
IR Contact:
Howard Gostfrand
305.918.7000
Email Contact
www.amcapventures.com
SOURCE: MSGI Security solutions
http://www2.marketwire.com/mw/emailprcntct?id=C2CEB36A8DF1DBF1
http://www.amcapventures.com
will be watching close
that would be a safe guess, as why now! could this be the start of progess and much news
that, plus im sure that we might see alot more news now otherwise why bring in a PR firm! the train maybe leaving the .04 cent level!!!!!!!!!!!!!
All investors need to do is call / email msgi and will see the potential which a potential of a billion dollar market cap which would put is MSGI close to $20 plus dollars a share, MSGI is doing big things without the sacrifice of shareholders! my opinion millionairs will be made here!
@ .03 cents a share thou its fustrating to see the lack of intelligence in investors as they will buy a penny stock with no potential and duluition in the billions when msgi is under 80 million shares and potential thats realistic with 100's of millions in revenue with oracle / geoeye just appointed as our chairman of the board & NASA as our partner which is different relationship which nasa is know for they are our PARTNERS !
are these new guys to MSGI!
Mr. David I. Sass , 56
Head of Sponsorship Services Division
Mr. Carl Ottersen ,
Director of European Operations
http://finance.yahoo.com/q/pr?s=MSGI.OB+Profile
you can add myself and my firends too buying at ask. and still dropping but with enormous buying pressure no way to hold it down, the investing public needs to know about msgi - in my opinion this is a multi dollar stock once contracts start rolling in.
top management, not your small time pikers running this company i expect to see bigg things but also like to get some follow ups
any idea of news from the company! been very quite
MUST WATCH! AMES aka NASA who we are partners with
Got this from the yahoo board, i copied and paste it!
this is a message and a personal promise, i am comming out of retirement and putting my boxing gloves on! msgi when all the smoke clears and those who have not did extensive research like i have will see the real truth!
- Jeremy CEO kept the company alive with his own funds
so he can get his loyal shareholders their shareholder value back and build a prosperous company
- NASA has faith in Jeremy they went partners with msgi
- the chairman of GEOEYE.com / Oracle took on the position
on MSGI board as chairman also
- old debt holders were/are bought out of over 15million in old debt removing any worries.
-60+million o/s share with multi hundrend million dollar potential
bottomline:
Facts are Facts LEO GREENFIELD is not a honrable man! which is proven and factual! so with that said im not bashing DMGM but i rather invest in ceo's who are really trying hard and upfront and honest with thier investors!
i lost alot of money when leo greenfield lied to me so i invested on his word and his word was a outright lie!
Best of Luck! and happy dreams
anyone who has done thier research will agree that msgi is a true investment with a shot to be a multi million dollar company with 62 million shares o/s the potential is bigggggggg. and with the debt be removed the nasa partnership and the general comming aboard who also is with geoeye a nasdaq $40 dollar stock that should reinforce beliefs that msgi has somethig bigggg as he was a oracle chairman and a smart guy! so i wait and buy more
well i had to do a wire so ill be adding more end of next week
i think your wrong!, the selling i attribute is to old investors, traders and do see thru level 2 alot of accumulation no one is chasing as of yet as the company is still building from the ground right now in my opinion this is a chance to be a early INVESTOR in what may become a great legit company!
why would the general unload as he just came aboard.
Looking for msgi to run and run hard
ok, heres some facts a 1 for 10000 reverse split and now as of 1/7/2010 12.6 million o/s and 5 BILLION AUTHORIZED good luck!
http://www.otcmarkets.com/stock/DMGM/company-info
after major duluiton and lies
Current Capital Change
shs decreased by 1 for 10000 split
Pay Date: Nov 19, 2008
Estimated Market Cap
$2,785,514 as of Aug 31, 2010
Outstanding Shares
12,604,136 as of Jan 7, 2010
Authorized Shares
5,000,000,000 as of Jan 20, 2010
Float (shares)
3,728,036 as of Jan 7, 2010
Number of Shareholders of Record
483 as of Jan 7, 2010
http://www.otcmarkets.com/stock/DMGM/quote
http://www.otcmarkets.com/stock/DMGM/financials
im here because i want others to have the information on the character of leo greenfield and that he lies no other reason!
you can take that information and do what you want!
LOKK when a stock trades over 18 million shares and several million days after if their were 2 million sharss float or other wise this stock would be over a $1.00 / im not short / i was long a few years until leo LIED and screwed everyone!
so use your common sense 18 million trades in one day suppose 2 million float and the stock is not a $1.00
i hope you all make a million! just my experience!
OK, im just letting you know LEO GREENFIELD LIED TO ALL US PAST INVESTORS BIGGGG TIME!
common sense i been around long time if 2 million shares were out their the stock would be trading closer to $1.00 with the several MILLIONS of shares being traded over the last few daysd! ?
do the math when he reveresed split it the count was 1million but since then the ta is gagged so thier is no way to porve it eithher way except for multi millions trading everyday if thier was a 2million count the stock would have been closer to a $1.00 in my experience
why not ungagged the TA and give investors confidence! a company with nothing to hide would ungagg the TA -
can u prove their not issuing shares! ?
navygirl - you got it
i hope for the best for all honest investor.
and the reason i share my new pick is not to pump it, doesnt need it i believe in the my new pick, i meet the management and like them and want to share what good ceo are and for no other reason!
but i will let it be. i stated my experience
leo always had the ta non reporting never wanted the shareholder to know the truth! so he can disregard everyone but his own agenda! HE LIES
the float tiny, could it be a push of a reorg to issue a zillion more shares hitting the market place, leo is know for that!
if the float is tiny i dont think you 'll see such a bigg drop from .30 cents down to .12