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Interview from 2016.01.05(12 minutes) with mister Rechtman about 4Service Cloud Tech AG from
https://www.brn-ag.de/person/4644/1
My first try to write it on paper, apologies for the bad English, maybe you can help ;)
This is Orie rechtman I am the ceo of 4 Service Cloud Technology
Since we just started on our road of becoming a publicly traded company, the investment relation is getting into gear now.
We are planning doing several in the next 12 years in Europe in Germany, in Switzerland, in Paris
The company was established in 2003 as a disaster recovery and business continuaty organization, and build this expertise in providing this type of services on 3 different levels to end-users.
On 2010 when I aquired the company, I developed the first version of cloud-computing and incorporated the experience we had in disaster recovery and business continuaty , incorporated in our solution in the cloud.
What setting us apart from many competitors is a full-blown disaster recovery that is included as part and puzzle of the cloud services that we provide.
Right now we are not offering attending more as indepedent disaster recovery, only to old customers but not to new customers.
All the old customers that we had, or most of them, converted into our cloud, because now they are getting the benefit of the cloud and the benefit of the benefit of the disaster recovery business continuaty included in it.
They getting much better deal right now.
The other thing that i wanted to mention is because we build the expertise in the early days of disaster recovery we also build expertise in providing managed services to our clients, meaning; We take all their IT and all their vertical software solution and we manage it on their behalf.
What we do is; we do not develop the software ourself but we provide the service and support for the software in our own cloud and we bring and develop there as part of the consultancy to our client
What we are now reaching; the data has to stay in the same region as the client themself are and under the rules and regolution of the local government.
The reason for that is, if somebody goes today for example to our biggest competitor which is Amazon, they take the data into their own servers around the world.
I just published an article, and the title for the article was: It's 2 A.M. - do you know where your data is?
And many companies that go whith the large software providers or the large providers of data cloudservices they really don't know where the data lies.
And anytime that the data is outside of the juristriction of that particular country, your data is at risk.
Risk of loosing it, risk of beeing taken by the local government and that is a big issue, that's why we do not take any data out of the region.
And part of the plan for us in Switzerland and in Europe to build the datacenters and to keep the data right here where the regulations meet the requirement.
The customers they vary in different industries.
The majority of the customers are in the legal industry.
We developed early on we developed expertise in the vertical software solutions that the legal industry is using.
So the majority of the end-users that we have are in the legal industry.
But we are very diversified when it comes to that.
Anything that hold data today requires data-management will become a customer of the cloud.
And this is were we play and we play a very important role in the legal, in the finance and in the health sector.
We have over 100 clients that are on recurring contracts.
We have 4 datacenters, currently we have data centers only in the United States.
But the plan is to expand in the European market first and go from there.
In our efforts to expand to the European market we see the European market as a great opportunity for us to expand our services to bring our platform that we developed bring it to the european market we developed a technology that is called the cloud-orgastrator,
which is an advanced cloud-solution that we now offering to IT-professionals
So we plan on bringing this technology to the european market because we see the adoption-rate here in europe is quite high and we believe the funnel ground for us to grow and grow fast here and grow organicaly by introducing our technology.
Being a company in the Swiss market that was by design for advisors as well as being traded as being traded on the Marché libre in Paris
This was be advised by advisors on how to expand rom there and what's the best way for us to start at the position our organisation and where to grow into the market.
We partner with GFI as far as disaster recovery concerned which is today considered of being the one of the top of the world when it comes to storage and recovery . they are a large organization and actually an european organization today that went through an aquisition spree, and aquired most of the large competitors at there.
So we provide if you will hibrate of a solation they have developed together with a solution that we introduced ourselves that is build on open-stack
this is how we provided our own customised solution and we do customize this solution for each and every client if needed.
different client has different needs.
growth -organic- growth for us is planned to be 20 to 25% in the next 12 months.
This is one way for us to grow, but we are planning on a faster growth to merger and aquistion that we are already have in place.
and the plan is to grow and grow fast and this is really my experience in the past 20 years I have done more than 27 mergers and aquisitions and grew a company from a million dollar in sales in 1990 for over 200 million in sales in 2000.
So this is my experience this is what i bring to the table is the CEO and the leader of the company and that's how we planning on growing pretty fast. What we preceive that is going to be is the sales and revenues for the company in our projections are 30 million dollars in revenue in 2 years with 5 million dollars EBITDA
In 2015 the revenue that we are currently running the runway is just over a million dollars in revenue.
We just started implementing our strategy of distributing and bringing clients into cloud-orgastrator.
Just went out of beda?? in July of this year and it's proven himself to be a quite a succes.
So groing from there in 2016 we are looking at organic growth of anywhere from 20 to 25 procent.
And that was one of the main reasons why we wanted to become a publicly traded company and to invest the funds that we are planning on raising in the public , invest them in sales and marketing to execute our organic growth as well as to execute also a merger and aquisition plan, which we have already begun we already have one company on the letter of intent, and two other targets that are very well advanced conversation in to becoming part of the plan of the mergers and aquisition. <-- must be Crednology Holding Corp, ItAtOnce, California recycles ... -->
Nice interview and potential in my opinion ....
Interesting interview (12 minutes) with mister Rechtman about 4Service Cloud Tech AG from 2016.01.05
https://www.brn-ag.de/person/4644/1
You have to register first.
Maybe someone can create a resume for this board (my English isn't that good ;)).
That isn't an answer .
I own a lot of COHO shares, so what are you refering to?
You mean ready to sell?
Exactly, strange they stopped trading at an unknown time..
Worth looking into this in my opinion
So what do you guys think; will/is COHO the "new" "OR Holding inc"? http://www.orholding.com/Contact_us.html
www.newglobalexchange.com/o-r-holding-inc-are-you-interested-in-trading-o-r-holding-inc-stock-on-the-gxg-markets/ , https://otcmarketslistings.wordpress.com/2013/12/16/international-otc-markets-report-3/
Well, the last Quarterly report they need to fill is about the old company, so I don't expect anything spectacular.
I would like to see an outlook / financial projections and data about the new subsidiaries..
more DD: nevadarecycles.com, arizonarecycles.com and californiarecycles.com does all have the same registrant name
according to whois.sc
videoclip california recycles Inc (2007): http://www.thestream.tv/watch.php?v=541 minute 12:50
$78.000 in estimated annual revenue, could be real;
http://www.usacorporates.com/us/business/california-recycles-inc/cA0walcK
and
http://www.lachamber.com/clientuploads/voice/voice_fall09.pdf page 10 "staff of 12 continues" - from 2009
Agreed!
Those numbers can't be correct. Aquiring a billion dollar company for 250.000 dollar can't be real.
"Crednology announces the acquisition of California Recycles Inc. This is the first acquisition by the new management team of Crednology led by Mr. Orie Rechtman. The purchase price is $250,000 and will be paid in common shares of the Company and a note with payments due over a five year period."
http://www.otcmarkets.com/stock/COHO/news/Crednology-Holding-Corp--Acquires-E-Waste-Company?id=144721&b=y
Yes, of course they aren't part of MLOVE now anymore, that's why the share price / market cap decreased of MLOVE
"1" means 100.000 ?
Hi, I am sure I can find info..
I will look into this later this coming weekend.
They just modified the "old" COHO website, which is indeed years old.
I don't care as long they improve their revenue.. We'll keep in touch
What info are you looking for? IMHO everything could be found online
4service, which also operates under the name 4service Cloud Computing, is located in Agoura Hills, California. This organization primarily operates in the Computer Related Consulting Services business / industry within the Business Services sector. This organization has been operating for approximately 5 years. 4service is estimated to generate $2.4 million in annual revenues, and employs approximately 20 people at this single location.
Source: http://www.buzzfile.com/business/4service-Cloud-Computing-818-465-1300
From the PR
"in full payment for 100% of the stock of its subsidiaries Riteman, Inc. a California Company and Landmark PMG LLC dba 4Service and ITatOnce."
So there isn't a California Recycles mentioned/aquired.
That recycling company isn't part of COHO;
http://www.otcmarkets.com/stock/COHO/news/Crednology-Holding--Corp--Grows-Through-Acquisition?id=143610&b=y
Slide #67. Crednology Holding, Corp. — Riteman, Inc. & Landmark PMG LLC
Acquirer: Crednology Holding, Corp. (COHO)
Acquiree: Riteman, Inc. & Landmark PMG LLC
Details: Crednology Holding, Corp. (OTC PINK: COHO) ("Crednology") is pleased to announce the acquisition of two cloud computing companies on October 14, 2016: Crednology is issuing one class C preferential share to 4Service Cloud Tech AG ("4Service") in full payment for 100% of the stock of its subsidiaries Riteman, Inc. a California Company and Landmark PMG LLC dba 4Service and ITatOnce. The class C preferential share will have the ability to convert to 90% of the outstanding common stock of Crednology and will carry a 90% voting right until conversion.
Crednology Holding, Corp.: COHO
Riteman, Inc. & Landmark PMG LLC: PRIVATE
https://www.theonlineinvestor.com/slideshows/?slideshow=mergers&page=67
They added an address at http://www.credholdingcorp.com/contactus
1 trade. Someone has a level2?
Why will the volume be large?
What are you trying to say? I don't see anything about the revenue.
Wrong numbers... The revenue they post themself are the real numbers check
http://www.businesswire.com/news/home/20160616006160/en/
About 4Service Cloud Tech AG
RELEASE 16 JUN 2016 18:36 CET
http://www.businesswire.com/news/home/20160616006160/en/
TEUFEN, Switzerland--(BUSINESS WIRE)--Regulatory News:
4Service Cloud Tech AG (BOURSE:MLOVE), quoted on the Marché Libre segment of Euronext Paris (ISIN CH0299791381) herewith publishes the preliminary consolidated results for the fiscal year 2015 which ended December 31st 2015.
The consolidated revenues of the group of companies specializes in providing IT-services increased slightly to 868.554 USD (849.631 USD).
The consolidated EBITDA decreased by almost 13 percent to 327.092 USD compared to the same period of the previous year (375.550 USD). This decrease reflects a one-time expense related to the incorporation of the Swiss holding structure and the costs related to going public.
The group’s net profit increased by approximately seven percent to 71.861 USD (67.000 USD).
The company’s annual general assembly that will – among others – approve the annual financial results for the fiscal year ended December 31st 2015 will take place on Friday, July 15th 2016, 02.00 p.m., in the chambers of Gysi & Partner Attorneys at Law Ltd, Bachstr. 19 in 9008 St. Gallen (Switzerland). The complete Corporate Resolution – including all items of the agenda – will be published according to the articles of association in the Swiss Commercial Gazette.
In addition, the company is pleased to announce that the management has signed an LOI for the acquisition of a synergistic IT company. Management expects completion of this acquisition to be accomplished within the next four weeks. Management’s expectations are that consolidated revenues as well as net profit could increase by an estimate of 50 percent as a result. The acquisition will be financed out of own funds, meaning no additional shares will be issued for this purpose.
About 4Service Cloud Tech AG:
The 4Service Cloud Tech AG is performing via its subsidiaries 4Service Inc. and IT@Once in the growth market of cloud computing. The management is practicing a “buy and build” strategy to benefit from both organic as well as growth through implementation of its Merger and Acquisition plan. The shares of the company are quoted since October 2015 on the Marché Libre segment of Euronext Paris.
Contacts
For further questions please contact the company’s Investor Relations department:
4Service Cloud Tech AG
Mr. Mathias VOIGT
Email: ir@4servicecloud.com
Phone: +49 172 8555 431
Looking forward to it.. Patiently waiting.
haven't seen any financial details yet.
"The class C preferential share will have the ability to convert to 90% of the outstanding common stock of Crednology and will carry a 90% voting right until conversion."
So what does this mean, can someone give an example?
Have you made a calculation?
Someone has a Level2 to share?
Thanks!
Crednology Holding, Corp. Grows Through Acquisition
Documents Signed to Purchase Two Cloud Computing Companies
Northridge, CA—October 31, 2016, – Crednology Holding, Corp. (OTC Pink: COHO; "Crednology"), is pleased to announce the acquisition of two cloud computing companies on October 14, 2016
- Crednology is issuing one class C preferential share to 4Service Cloud Tech AG (“4Service”) in full payment for 100% of the stock of its subsidiaries Riteman, Inc. a California Company and Landmark PMG LLC dba 4Service and ITatOnce. The class C preferential share will have the ability to convert to 90% of the outstanding common stock of Crednology and will carry a 90% voting right until conversion.
- 4Service Cloud Tech AG will assume responsibility for some debt of Crednology including funds due to the former CEO Rusty Breeze, amounts due to the State of Delaware and Crednology’s accountants.
- The current board of Directors has resigned and a new Board will be appointed. Orie Rechtman –current CEO of 4Service will serve as the CEO and Secretary of Crednology and further Board members will be appointed shortly
- It is also agreed that Crednology’s two current subsidiaries, CreditDNA, Inc. and ScoreNavigator, Inc. will be sold to Rusty Breeze for $160,000 the amount due him for outstanding salaries. This transaction closed on October 17, 2016.
- The Company plans to retain its current symbol COHO and will expand it’s cloud computing base of business as well as look for opportunities to acquire companies in related fields such as business data storage, mobile and corporate cyber security and Electronics recycling.
- Crednology plans to update the web site shortly with more information about its new businesses
Orie Rechtman, CEO of Crednology Holding Corp. commented, “4Service Cloud Tech AG is excited to become involved with a US public company. We anticipate that the planned growth of the business will result in much improved profitability and enhanced shareholder value.”
Crednology Holding Corp, a Delaware corporation, is a public holding company that has been dedicated to enhancing shareholder value through a strategic combination of organic growth, mergers and acquisitions. The Company is engaged in the cloud computing segment of the technology sector. The main products and services include cloud computing and virtual environment, disaster recovery and business continuity and managed services to corporate accounts.
The market for cloud computing is growing at a staggering pace. In 2015 the industry experienced a rapid growth of 33% with the segment of business reaching over $16 billion by the year end. This market trend is expected to continue with growth of approximately 30% expected annually for the next few years.
4Service Cloud Tech AG is a Swiss company that is listed on the Marche Libre/Euronext Paris Exchange.
http://www.credholdingcorp.com/companynews/2016-10-31-COHO-GrowsThroughAcquisitions.pdf