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Many shorted Revo and will bash it to cover. Hold on longs don't let them take your shares pps will rise fast...
This news is huge$$$$$$$$$$$$You could even take a picture of an intruder and notify the police of their activity. Some have commented that the potential features of the system are similar to some of the technologies seem on feature films such as Star Trek, Total Recall and Minority Report. all in real time.
Did REVO Just Identify?"Several Companies Interested" We believe it could interface well with some of the mobile communications technologies being developed by firms such as Google, Amazon, Apple, AT&T, and others. We believe this could provide an unprecedented level of protection and public safety, and be of great benefit to our shareholders."
Ron Carter states, "We feel that if we are successful in developing a cloud-based system, it would be a monumental step in exploring the maximum potential of our patented 'Eye Talk Communicator' system.
Google perhaps wanted this modification before inking the deal(IMO) , announced that it intends to develop and modify its "EyeTalk Communicator" system to deliver it on a cloud- based platform.
Got More$$$
The Company’s present operational focus is on the deployment of wireless broadband networks in emerging international markets, using primarily
either 2.5 GHz or 3.5 GHz radio frequency spectrum, and in the case of China Motion, the expansion of its legacy MVNO telephony operations.
Cooperation Agreement between China Motion and a Tier One Mobile Network Operator in Asia
As of the date of this Report, the Company is in final negotiations for China Motion to enter into a Cooperation Agreement with a tier one mobile
network operator in Asia. Because the Company’s management referred to the potential contract in a recent investor conference call, specific forward looking
reference to the contract is included here. The Company will disclose the material terms of the contract on a Current Report on SEC Form 8-K as soon as the
contract is finalized and signed.
MANAGEMENT DISCUSSION AND ANALYSIS (Continued)
Disposal of Mobile Communications Services Business (Continued)
Details of the MVNO Disposal were disclosed in the Company’s announcements dated
27 November 2012, 4 February 2013, 4 March 2013, 1 August 2013, 13 September 2013
and 29 October 2013 and the circular dated 18 December 2012 respectively.
Liquidity and Financial Resources
The Group has consistently maintained sufficient working capital during the period.
As at 30 September 2013, the Group has current assets of HK$148,280,000 (31
March 2013: HK$156,216,000), including cash and bank balances and time deposits
in an aggregate of HK$99,118,000 (31 March 2013: HK$102,099,000). The Group’s
current liabilities as at 30 September 2013 were HK$19,119,000 (31 March 2013:
HK$14,854,000). The liquidity ratio of the Group as at 30 September 2013 remained
healthy at 7.75 times (31 March 2013: 10.52 times).
As at 30 September 2013, the Group has no outstanding loans or borrowings from
banks or financial institutions (31 March 2013: Nil). The Group has no gearing as at 30
September 2013 (31 March 2013: Nil).
Share Capital
As at 30 September 2013, the Company had 2,820,500,000 shares in issue with total
shareholders’ fund of the Group amounting to approximately HK$426,504,000 (31
March 2013: HK$439,197,000).
Financial Guarantees
As at 30 September 2013, the Group did not have any contingent liabilities (31 March
2013: Nil).
Charge on Assets
As at 30 September 2013, the Group did not have any charge on its assets (31 March
2013: Nil).
Exposures to Fluctuations in Exchange Rates
The majority of the Group’s transactions, assets and liabilities are denominated in Hong
Kong dollars and Renminbi. The Group is exposed to the fluctuations in Renminbi as
certain receipts and payments are settled by Renminbi. However, the management will
continue to monitor its foreign exchange exposure and will consider hedging significant
foreign currency exposure should the need arise.
The MVNO Disposal was completed on 1 March 2013 and the remaining balance of the
consideration together with interest in a total sum of approximately HK$34.3 million
(the “Balance”) under the promissory note dated 1 March 2013 issued by VelaTel
Global Communications, Inc., the holding company of the Purchaser, was settled by the
Purchaser on 29 October 2013. Accordingly, the Group had release the MVNO Sales
Shares to the Purchaser pursuant to the stock pledge deed and stock escrow agreement
dated 3 March 2013 entered into between the Group and the Purchaser. The net proceeds
from the MVNO Disposal, after deducting expenses attributable to the MVNO Disposal
of approximately HK$4,017,000, were estimated to be approximately HK$35,330,000.
The Company had applied the Balance for payment of the Acquisition Consideration on
completion of the Acquisition.
ZTE to hire 300 people, expects to double India revenues
PTI Dec 8, 2013, 01.26PM IST
Tags:
ZTE Soft|
ZTE hiring|
ZTE|
Wipro|
TCS|
Sistema
(ZTE Soft expects to double…)
NEW DELHI Chinese IT firm ZTE Soft expects to double its India revenues to $160 million by March 2014 and hire 300 more people locally within next one year.
"We expect to post 100 per cent growth in our revenue at $160 million by March 2014 from India business. We posted $80 million revenue from India in December 2012," ZTE Soft's Senior Vice President Nie told PTI.
Any Idea as to Future partners? The upgrade will increase the NOC capacity to support all additional customers projected from current and future partners, including additional Value Added Services CMMobile will be able to offer to existing and new customers.
Prices
Date Open High Low Close Avg Vol Adj Close*
Dec 2, 2013 0.00 0.00 0.00 0.00 26,348,100 0.00
Nov 1, 2013 0.00 0.00 0.00 0.00 22,248,100 0.00
Oct 1, 2013 0.00 0.01 0.00 0.00 25,209,800 0.00
Sep 2, 2013 0.00 0.01 0.00 0.00 14,398,900 0.00
Aug 1, 2013 0.01 0.02 0.00 0.00 10,240,100 0.00
Jul 1, 2013 0.01 0.01 0.01 0.01 8,247,300 0.01
Jun 3, 2013 0.02 0.02 0.01 0.01 2,968,400 0.01
* Close price adjusted for dividends and splits.
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Currency in USD.
How much lower will VELA go? seems as if it been under an accumulation period
52 week low .ooo7 with 200 share traded
VelaTel and ZTE signed a memorandum of understanding (MOU) for global strategic partnership in August of 2010 to advance both parties’ interests in delivering innovative telecommunications solutions to individual, enterprise, and government consumers worldwide. ZTE is our preferred and primary provider of customized equipment, software, consumer products, operational services and financing for high speed wireless broadband telecommunications networks VelaTel is deploying in the PRC, Peru, Eastern Europe, and other markets VelaTel enters in the future.
News CMMobile Upgrades to 4G LTE
December 09, 2013: VelaTel Global Communications announces that its wholly owned subsidiary in Hong Kong, China Motion Telecom (HK) Limited (“CMMobile”), has entered into a contract with ZTE Corporation to upgrade the hardware and software of CMMobile’s network core.
The NOC (Network Operation Center) upgrade is underway and allows CMMobile to offer subscribers 4G LTE services. The upgrade will increase the NOC capacity to support all additional customers projected from current and future partners, including additional Value Added Services CMMobile will be able to offer to existing and new customers.
The upgrade contract also includes continuous Training, Support and Maintenance to be provided by ZTE over the two years following completion of the upgrade. The upgrade will give CMMobile customers a truly great 4G LTE experience, and will enable CMMobile to aggressively expand its target customer base of international travelers.
About VelaTel Global Communications, Inc.
VelaTel acquires spectrum assets through acquisition or joint venture relationships, and provides capital, engineering, architectural and construction services related to the build-out of wireless broadband telecommunications networks, which it then operates by offering services attractive to residential, enterprise and government subscribers. VelaTel currently focuses on emerging markets where internet penetration rate is low relative to the capacity of incumbent operators to provide comparable cutting edge services, and/or where the entry cost to acquire spectrum is low relative to projected subscribers. VelaTel currently has project operations in Hong Kong, Croatia, Montenegro, and People’s Republic of China. Additional target markets include countries in Latin America, the Caribbean, Southeast Asia and Eastern Europe. VelaTel’s administrative headquarters are in San Diego, California. For more information, please visit www.velatel.com.
Safe Harbor
This press release may contain forward-looking statements involving known and unknown risks, uncertainties and other factors that could cause VelaTel’s actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. Readers are urged to consider statements that contain terms such as “may,” “will,” “should,” “believe,” “expect,” “project,” “intend,” “anticipate,” “plan,” or “estimate” to be forward-looking. VelaTel does not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, future events, or otherwise. You should independently investigate and fully understand all risks before making an investment decision.
Contact Us:
VelaTel Investor Relations
investors@velatel.com
NEWS ZTE Breaks Online Sales Record in China as New nubia Smartphones Become Instant Hits
2013-12-09
Investor Summary
VelaTel Global Communications, Inc, is a holding company of telecommunications carriers throughout the world. ZTE and VelaTel have partnered to form a Global Strategic Partnership
ZTE Breaks Online Sales Record in China as New nubia Smartphones Become Instant Hits
2013-12-09
2.5 million pre-orders for nubia Z5S and Z5S mini on JD.com surpass previous record set by Xiaomi
9 December 2013, Shenzhen, China – nubia, the boutique smartphone brand of ZTE, is pleased to attract a record-breaking 2.5 million orders for the Z5S and Z5S mini on JD.com as consumers in China overwhelmingly endorse the best-in-class photography innovations and other user-driven features pioneered on the new devices.
The favorable market response to Z5S, priced at RMB 1,999, and Z5S mini, priced at RMB 1,499, surpassed a sales record previously set by Xiaomi, and affirms the strong potential of nubia’s online-based sales and marketing model. The two new smartphones were designed using consumer feedback garnered by nubia and JD.com in a C2B (consumer to business) approach to deliver a customer-defined user experience. Z5S and Z5S mini take nubia’s strengths in smartphone photography to a new level, becoming the first phones in China to offer the optical image stabilizer feature.
The new NEOVISION 3.0 system on Z5S and Z5S mini bring the feature of independent white-balance to smartphone users in China for the first time, after nubia pioneered independent focus and independent light-metering. The advanced imaging technology offered on Z5S and Z5S mini have earned the new handsets the moniker of “Single-Lens Reflex (SLR) Smartphones.” In addition, nubia’s industry-leading photography technology is now available for beta downloads (nubia Camera) by users of other handset manufacturers.
“At nubia, we want to re-define user experience and become a true `Internet phone’ brand,” said Mr. Ni Fei, General Manager of nubia. “We are committed to product excellence, and we want to stand tall in comparison with all the leading smartphone brands. To achieve this, we are open to feedback from users so we can truly earn their confidence and trust, and we will leverage ZTE’s high-quality supply chain to to give users a high-quality and comprehensive online purchase experience.”
Since its creation a year ago, the nubia brand has gained a strong reputation for product excellence and innovation in the smartphone industry, pioneering outstanding smartphone imaging technology and multiple-carrier wireless network connectivity support. The collaboration with JD.com will help strengthen nubia’s “Internet phone” strategy and capabilities.
nubia is working closely together with JD.com’s JDPhone program in order to provide consumers with a trustworthy, convenient and trendy way to shop for new phones. Through partnerships in C2B product development, online pre-sales and logistics, nubia and JD.com are redefining the concept of the “Internet phone.” nubia’s strategy is backed by the market-leading resources of ZTE, helping to shorten product delivery times to customers and provide users with the best purchase experience.
“Our partnership with nubia is a landmark in the C2B business model, as user feedback has been integral to product development,” said Mr. Wang Xiaosong, Vice President of JD.com. “The key is to deliver higher-quality products and ensure a great all-round purchase experience with logistics and customers support. There is a lot of potential in the “Internet phone” model, as the e-commerce industry is still in its early stages of development.”
From Press Release In August 2012, Facebook Inc. acquired Instagram, a mobile phone-based photo-sharing service. Instagram was started in October of 2012, had 16 employees and reported no revenue at the time of the closing of the transaction. According to Facebook's Form 10-K Annual Report for December 31, 2012, the purchase price of $521 million included $433 million allocated to "goodwill."
could we see .75 at close mommentum is building fast
high so far today was 60
strong upward pressure
walk down is over we Opened .0055
How Much Would Google ? Amazon? Motorola? Dhl? Ups? Fed Ex? Pay Revo for this?
Make Sense If we'll have DRONES Deliveries"Our first 7 patents that have been awarded are related to an entry management system and gives users the ability to remotely and interactively monitor via two-way communication and control an IP camera while using a personal communication device
With Drone deliveries coming on line...(Amazon, DHL) could REVO's EYE TALK Communications Technology Play a role?
Did Revo Started a Biddin War? Several other companies have expressed strong interest in acquiring REVO'S system,
shake out was imminent to move up higher 151,000,000 shares traded past 2 days climbed up past .005 next stop .01
Mommy Always said "SON don't be Penny wise and Dollar foolish." "you'll never be successful in life". I've always listen to Mommy.
fear and greed that's what I'm talking about It takes GUTS to make Millions
Why would the courts award patent rights to revo? This battle certainly caused a lot of enemies some who are here (IMO) to bash revo calling it a scam a shell etc...we can see from posts who hates revo success and is bitter .
From 10Q On February 7, 2013, the Company engaged the services of a highly skilled individual with an impressive history in investment banking and deal structuring, including patent and licensing to Fortune 500 companies. Through this engagement, monetization opportunities being examined are with hardware manufacturers, service providers, software developers and end solution resellers in the security, monitoring, and communication industries. Various types of monetization methods are being examined in each of these categories. Management of the Company believe extensive opportunities exist from both existing technologies in the marketplace that are governed by these patents and others coming to market in the near future that would benefit tremendously from the protection and exclusivity that the Company patents would provide. Management of the Company also believe these opportunities are not at risk from an immediate time element [color=red][/color]due to the fact the awarded patent rights being pursued and the market protections seeking to be monetized are unique and cannot be duplicated.
What Today's news gave us ....insight as to the VALUE of revo
In August 2012, Facebook Inc. acquired Instagram, a mobile phone-based photo-sharing service. Instagram was started in October of 2012, had 16 employees and reported no revenue at the time of the closing of the transaction. According to Facebook's Form 10-K Annual Report for December 31, 2012, the purchase price of $521 million included $433 million allocated to "goodwill."
Revolutionary Concepts President, Ron Carter states,
"We have been in talks with several companies regarding the acquisition and licensing of our patented system, the talks with this $50 billion multinational internet company appears to be a good fit for us with strong synergies. We're very excited because of the potential marketing of the product through the many internet and wireless based mobile communication channels that they have, and many more that are rapidly developing. If we are successful in completing the transaction of the sale or licensing of our technologies, we may not obtain a price $500 million to $1.10 billion range as in the case of the acquisitions of Tumblr and Instagram; however it does give an indication of the kinds of prices these firms are willing to pay to acquire companies with revolutionary products like ours. Based on our discussions with some of these firms, we believe we could sell or license our patented system in the high multi-million dollar range."
Fear and Greed emotions that dictates many investors to loose sight of their investments.
Krysti send me your info so i can give you a present of $25,000 thanks again for saving me
this will run away fast from you... MM will be gapping soon it'll be hard to catch$$$$$$$$$$
Quote "Our analysts believe the current trading of RCI shares is significantly undervalued and the future estimated value of RCI shares should be in the range of 0.23 to 0.31 cents per share based on a fair multiple of 20, $3.5 million in earnings, and the number of shares outstanding. (NOW this pps projection does not include patents, EYETALK, and the new Toy Product development)"
IMO we could see much higher multiple 130 is not uncommon.
Quote"(MORE TO FOLLOW)"