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WIRX.OB actually has some news! Maybe this is the beginning of the long-awaited PR campaign...
Wireless Xcessories Group Signs Distribution Agreement With Hop-On
Friday January 21, 10:58 am ET
IRVINE, Calif., Jan. 21 /PRNewswire-FirstCall/ -- Hop-on.com, Inc. (OTC: HPON - News) today announced that Wireless Xcessories Group, the leading organization in the USA selling wireless accessories to independent wireless dealers and distributors, has chosen Hop-on to be its primary supplier as it expands for the first time into the sale of handsets.
Steve Rade, CEO of Wireless Xcessories Group, stated, "We've researched the market and decided that Hop-on's phones provided the best combination of features and pricing. We feel the time is right for accessory manufacturers and distributors like ourselves to offer our customers the convenience of ordering phones and accessories from one source. Along with the profitability selling a product line like Hop-on's, we intend to manufacture a line of high quality core accessories to compliment each handset model. There will be a premier vehicle power adapter, a lambskin case and a personal hands free device."
Dan Gannon, Chief Executive Officer of Hop-on commented, "We are very pleased that Wireless Xcessories Group has selected Hop-on as its primary handset supplier. We welcome them to our select group of distributors in the United States and look forward to a long and mutually beneficial relationship."
About Wireless Xcessories Group
The Wireless Xcessories Group (NASDAQ symbol WIRX) is the largest wholesaler of aftermarket accessories in America, providing it's products to dealers, distributors and airtime carriers. Its corporate headquarters is located in Huntingdon Valley, PA and its products are sold to resellers in all 50 states, the Caribbean and Latin America. With over 3,000 items covering more than 100 different brands of cell phones, Wireless Xcessories Group is a one stop accessory source that sells to a customer base including over 2,000 dealers plus leading phone distributors, national airtime carriers and mass merchandisers. For more information, visit http://www.wirexgroup.com.
About Hop-on.com, Inc.
Hop-on (OTC: HPON - News) develops and markets wireless phones and accessories as well as wireless surveillance systems. It product line includes the next generation CDMA2000 handsets designed by its Dallas R&D team as well as GSM/GPRS handsets. Hop-on targets its phones to both emerging market carriers and other domestic carriers and resellers needing an entry level priced phone. In addition, Hop-on offers a line of innovative and attractively priced wireless accessories for both Hop-on phones and other leading manufacturers as well as affordable, wireless surveillance systems. Hop-on is also known for developing the world's first disposable cell phone. It was an IS-95 CDMA phone that was sold to consumers with prepaid airtime and included the capability to add on additional minutes. For more information, visit http://www.Hop-on.com.
CONTACTS:
David Pasquale, 646-536-7006 of The Ruth Group,
http://www.TheRuthGroup.com
This Company's news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements relate to, among other things, software functionality and capacity, timing of the commencement of operations and cash flow, and are indicated by words or phrases such as "anticipate," "estimate," "plans" and similar words or phrases. The following are among the principal factors that could cause actual results to differ materially from the forward-looking statements: general business and economic conditions in the Company's operations, including the rate of inflation, population, employment and job growth rate, the pricing pressures and other competitive factors and issues arising from year 2000 information technology issues. Consequently actual events and results may vary significantly from those included in or contemplated or implied by such statements.
--------------------------------------------------------------------------------
Source: Hop-on.com, Inc.
Len, TSTA.OB .62 X .75! Guess people aren't worried about the backlog. Fine with me.
:)
Haven't seen stocks moving like this since December...
CTIG.OB at .52 X .53! Yeehaw!! Doesn't look like it's done yet. Incredible volume again today and Level II keeps getting stronger. Anyone else in this one?
stckpkr70, re ADNWE
The reason I think earnings will be down in Q4 is because they had net income of $1,737,000 in the year ago quarter. They had a small tax benefit instead of a small tax expense. Also no preferred dividends. Can't find the exact shares O/S from last year, but it looks like EPS were .07 in last year's Q4. Why do you think they can beat that this year?
wade, re FORD IPII
No, I don't think that .21/share is sustainable. Next quarter should be strong, but obviously the additional shares is going to hurt EPS. I wouldn't chase this or any stock, although I do feel there could be an additional $1 pop today. Don't underestimate the power of momentum and daytraders. They don't do DD like people on this board. Some of them actually buy and don't even know what the company does! I watched momo players push ANTP to the $50's even though if anyone spent 10 minutes reading the prior 10Q, they'd see that revenues, earnings, and backlog were all going to drop sequentially.
As for IPII, Q4 and Q1 are their seasonally slow quarters. Might be counteracted this year by increased activity following hurricanes. With the impending reverse split, I'd rather wait and see the numbers.
Len, re TSTA
The move above .50 today does look good. They should have a strong Q2 report in early February. They have such an easy comp...could post a 200-300% revenue increase and earnings of .01-.02/share vs. a loss last year. The only thing that worries me...after announcing some sizable deals last summer...there have been zero new order PR's since early September. Can't bode well for the backlog. I think the stock could pop on earnings, but will be looking to sell if my backlog fears are confirmed.
Barry, re ADNWE
I haven't followed them for awhile. But I don't remember seeing anything that looked suspicious on this one.
I just can't excited about the numbers. Yes, revenues and net income showed huge increases last quarter. But the shares O/S doubled as well, which caused EPS to actually decline. Comps are going to get tougher and EPS will likely be down again next quarter. Seems fairly valued at a P/E of 10.
tbone, re NWAU
I rode it from the .20's to the .40's when they announced their original guidance of .30/share in 2005. Didn't want to hold it too long as it looks pretty scammy to me. The constant PR barrage is a common pump tactic. Instead of getting the filings done, now they're raising guidance? Am I the only one who thinks 20% NET margins on a group of used car dealerships is just a tad ambitious??
My guess is you guys will be waiting for those filings for a LONG time. I can hear it now...the financials were almost completed, but then the acqusition caused a delay...
stock peeker, re WHAI
I would be VERY suprised if they earn over .10/share in 2005.
Pretty shady company. Did you see that PR this week announcing that as a result of many acquisitions, they now have over $100M in assets. Too funny! Oh wait...should we check and see how much of that is goodwill (my guess is a huge chunk). Or what the liabilities amount to?
Last quarter they had $40M in assets and a tangible shareholders' deficit of ($10M). I just can't believe this piece of junk has a $129M market cap!
stock peeker, re WHAI.OB
I always get a kick out of these companies with hardly any earnings that make these wildly optimistic projections about how strong EPS will be this year. WHAI has 39M shares O/S. To achieve their 2005 guidance of .50-.55/share in earnings, they'll need $19.5-$21.5M in net income! Pretty tall order for a company that had net income of $29K last quarter!! haha
The sad thing is investors keep believing these ridiculous statements. In my eight years of OTC:BB experience, I've seen hundreds (maybe thousands) of these claims. Still waiting for ONE of them to come true.
mandjb, re CTIG
I don't know what's going on. Volume is exploding and price is finally starting to move up. Surely not because of my post.
Interesting Form 4 filing by CTIG.OB. Looks like an investment group (of which CTIG Chairman is the managing member) bought 667,351 shares this week at .38.
With .27/share in cash on the balance sheet, a strong Q3 earnings report, and a recent product launch...this stock could do well in the coming months.
CTI Group Reports Profitable 3rd Quarter and a 44% Increase in Revenues
Monday November 15, 4:45 pm ET
INDIANAPOLIS--(BUSINESS WIRE)--Nov. 15, 2004--CTI Group (Holdings) Inc. (OTCBB:CTIG - News), an international provider of billing management and transaction analysis software for the communications industry, reported revenues of approximately $4.2 million for the three months ended September 30, 2004 compared to approximately $2.9 million for the same period last year, an improvement of approximately 44%. For the nine months ended September 30, 2004, revenues increased to approximately $11.8 million from approximately $8.9 million for the same period last year, an increase of approximately 33%. The increase in revenues was primarily the result of increased revenues derived from new customers and the existing customer base combined with new patent license fee revenues.
The Company reported net income of approximately $450 thousand or two cents per share in the third quarter of 2004 compared to a net loss of approximately $480 thousand or two cent loss per share in the third quarter of 2003. For the nine months ended September 30, 2004, the Company reported net income of approximately $24 thousand or zero cents per share compared to a net loss of approximately $976 thousand or four cent loss per share for the same period in 2003. The improvement in reported net income was primarily driven by the increased revenue base.
Commenting on the results, Brad Houlberg, President and CEO, stated, "I am encouraged by the continued increase in revenues for the year. The six consecutive quarterly increases in revenues when compared to the prior year's quarters are indicative of strong Company momentum surrounding our core invoice management product SmartBill® and international telemanagement product Proteus(TM). We look forward in continuing the building momentum to the next year with the introduction of our new products, SmartBill® Connect, which is a web-based, interactive invoice management, analysis and reporting solution and SmartSpend® our new telecom expense management software."
About CTI Group
CTI Group (Holdings) Inc. is an international provider of next-generation billing management, telemanagement and data management software and services for telecommunications service providers and their corporate customers. CTI Group's SmartBill®, Proteus(TM) and Smart Spend® offer a full array of solutions for traffic analysis, mediation, post-billing call analysis, and customer care and billing. CTI Group's products are in daily use by some of the top service providers in North America and the United Kingdom, and play a trusted role in managing telephony costs at major corporations around the world. Headquartered in Indianapolis, CTI Group maintains an overseas office in London. For more information, please visit CTI Group's website at www.ctigroup.com.
Safe Harbor Statement
This release may contain "forward-looking" statements. Examples of forward-looking statements include, but are not limited to: (a) projections of revenue, capital expenditures, growth, prospects, dividends, capital structure and other financial matters; (b) statements of plans and objectives of the Company or its management or Board of Directors; (c) statements of future economic performance; (d) statements of assumptions underlying other statements and statements about the Company and its business relating to the future; and (e) any statements using the words "could", "should", "anticipate", "expect", "may", "project", "intend" "will" or similar expressions. The Company's ability to predict projected results or the effect of events on the Company's operating results is inherently uncertain. Forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those discussed in this document. In addition to information provided elsewhere in this document, shareholders should consider the following: the risk that the Company will not be able to attract and retain customers to purchase its products, the risk that the Company will not be able to commercialize and market products; results of research and development; technological advances by third parties; competition; future capital needs of the Company; history of operating losses; dependence upon key personnel and general economic and business conditions. Readers are referred to documents filed by CTI Group with the U.S. Securities and Exchange Commission, including the Form 10-KSB for its most recent fiscal year ended December 31, 2003 and Form 10-QSB filed for the quarter ended September 30, 2004.
--------------------------------------------------------------------------------
Contact:
CTI Group (Holdings) Inc.
Fred Hanuschek, 317-262-4666
--------------------------------------------------------------------------------
Source: CTI Group (Holdings) Inc.
stock peeker, re WIRX
Last I heard they were launching a PR campaign in Q1, so I'm waiting to see something on that front. If we hear nothing before late March when earnings are released, I'll be a little worried and will probably reduce my position.
Stock has held up well lately. Could run if it breaks that resistance at $2.05-$2.10. With Q3 earnings of .06/share and about .50/share in cash on the balance sheet, think this could trade in the mid-$2's.
wade, re FORD
I certainly was not expecting such a huge increase. I don't recall any seasonality, but it appears in 2001-2003 the Dec quarter was the high mark for revenues. Was not the case in 2004. Not sure what to expect going forward, but I doubt they can sustain these incredible numbers. Still think stock could see further upside short-term.
p.s. Maybe this will bode well for Q4 report from WIRX!
Wow! Just got in to see the MONSTER quarter from FORD. I think I left 5 minutes before the PR came out...don't you hate when that happens? :(
Wish I had been holding more shares into earnings. Certainly was not expecting anything close to these numbers. Q1 revenues up 98%. Q1 net income up 613%. Q1 after-tax earnings of .21/share vs. .03/share last year! Nasdaq has cooled off, but I think this could still be headed to $8-$10. Wish I could have bought more on the news, but added some in the low $6's.
OT--kozuh, this is my last reply on the subject as it is so ridiculous. I am just stunned that you do not understand dilution. In your example, I would not say the shares are "very diluted". That doesn't really make any sense. Now I would say 300M shares O/S is high. And if they had 50M-100M shares a year ago, I would say there is a risk of further dilution.
Uh Rainman, 4 for 1 split is needed for the Nasdaq listing? A forward split is just going to move them further away from the $4 price requirement. If they really were trying to get on the Nasdaq, they'd be talking reverse split.
Len, kozuh had to be kidding. Dilution is a factor of annual revenues? Say what?? If annual revenues exceed shares O/S, there's no dilution (whew!). But if shares O/S is greater than annual revenues, you have a dilution problem.
Len, re TCCO
Still love the balance sheet and sector, but I sold out (too soon of course) on that run to $7 in late November. Surprised the stock went so high after company posted solid Q4 results but sounded cautious in their guidance. Backlog dropped sequentially from $1,390,000 to $950,000. Even though they have an easy Q1 comp coming up in a couple of weeks, I think there is a decent risk of disappointment.
Thanks Len. Got a good chuckle when I read the PR's on TLTD. I can't believe anyone would believe this company is legit.
Congrats kozuh, but how exactly is VDSI a value microcap??? It's market cap is approaching a quarter of a billion dollars. They guided for Q4 earnings of .01-.02/share, which would give them .09-.10/share for the year. With the stock at $7.40, the P/E will be between 74 and 82! Projected 2005 revenue growth of 35-45% looks good, but the stock already seems priced for perfection.
TMFZ.OB hits $3! New 52-week high. Terrific numbers the last few quarters, but higher interest rates have to catch up with them at some point?
dickmilde, thanks for posting that. Had noticed the increased volume lately. Looks like a nice write-up. Hopefully JMIH will continue its efforts to get the word out in the months ahead.
deathtotaxes, re USOO
The company has been profitable for many quarters. They posted some excellent numbers in 2001 through early 2003. Think the stock went as high as $3. Then they had a string of subpar quarters, with earnings of only .01-.02/share.
Company seemed to get back on track in Q3 with earnings of .042/share. That is what I meant by the beginning of a turnaround. IF the EPS continue in the .04-.05 range, stock could move up to $1.50+.
dickmilde, nice catch. Not many shares, but insider buying always a positive. Been adding to USOO.OB lately in the low .90's. Turnaround is only 1 quarter so far, but if they can post earnings of .04-.05/share in Q4 or Q1, should be some pretty good upside from here.
shmolton, re MFLX
I came close to buying last August when they announced some strong Q3 numbers. Stock was around $8. But on the CC, management was very standoffish and refused to give any guidance. You could tell the analysts were angry. Stock was punished down to $6. Then a week later, management comes out with a PR detailing their Q4 guidance! LOL
I didn't listen to the last CC, but it appears they're guiding for sequentially higher revenues and sequentially lower net income of $7-$9M. With the stock already at $16, I don't know how much Q1 earnings of .29-.37/share is going to help the price. If they hit the high end of that guidance (or exceed it) with some bullish commentary on Q2, the stock should pop a few bucks. But I would guess there's an equal chance the company comes in at the low end of expectations and guides for sequentially lower EPS in Q2.
I wouldn't be comfortable holding MFLX into earnings even though the comp will look terrific. As others have noted, being so dependent on one customer also makes this one an extremely risky play.
I'm not sure why the rebound in SWTX, but I'm happy to let some go around $1.50. Thanks to gilead, we learned that they are indeed forecasting single digit growth in 2005. Even though the number of units shipped will be higher, the price per unit will be much less. I think this could spell big trouble for margins. They do have an easy Q4 comp coming up, and the stock could get a pop. But I would expect the comments on the conference call to be much more cautious than they were on the Q3 CC. It appears 2005 could be a year of sequential revenue declines and eroding profit margins.
stock peeker, re FORD
Earnings should be out this week if history is any guide. Stock has been moving up the past few trading sessions. From $3.60's to $4.40's. They should have a good report based on comments in last earnings PR, plus they have an easy comp. But I'm not sure how much upside is left. I sold half my shares for a quick 20%.
yield, re HSR
The report is a little disappointing. As you said, earnings were hurt by expansion costs. But the .07 number vs. .09 last year looks bad. Hopefully you took some profits on the big run the stock has had in recent months. Considering that price increase and the tough comp they had, holding into earnings did not seem like a favorable risk/reward situation. My guess is the stock heads back to the $4 level.
kozuh and linuspop, re DCU
kozuh...I don't think anyone said otherwise? It's right there in the PR and the 8K filing.
linuspop...I agree completely. We've got a large $5 Billion dollar company licensing the tech from a tiny $16 Million dollar company. I don't know how this is anything but a huge boost for DCU! If the dryers sell well, I think Whirlpool may just scrape together some pocket change and acquire DCU.
Bob, I think it's already there! haha
Bought as high as $3.25 after the news last week. Ouch!
Are you getting any of this one? Maybe next week in the $1's?
Sheesh! DCU down in the $2.20's. Now I know why I stick to value stocks! LOL
A bunch of shares available at $2.30. Don't understand this slide. Stock was over $3 just two days ago. Even if it just gets back there in the next few months, we're talking a 30%+ gain.
linuspop, re DCU
You're doing better than I am. Bought most of mine over $3 even though I figured a pullback was likely. Think it will continue to drift a little lower with the overall market weakness. Hard to see it going all the way back to $2. You'd think downside would be limited with the new Whirlpool agreement that could provide "significant finacial returns" to DCU.
Not sure if the $350K will be recognized in fiscal Q2 or fiscal Q3. Guess we'll know in a few weeks when Q2 is reported. I'm actually hoping it's in Q3, as that should be a very favorable comp. The $350K license fee will add .05 in EPS alone. Hopefully royalties will exceed that in a few quarters. Based on the expansion announced last summer (PR below), we may get a greater contribution from operations as well.
Let us know about the royalties. If it's sooner rather than later, maybe they'll increase the annual dividend up to .08-.10/share.
Alan I. Greenstein Acquires Significant Stake in DRYCLEAN USA, Inc.; Company Also Announces Expansion of Marketing Territory
WEDNESDAY, JULY 28, 2004 2:12 PM
- BusinessWire
MIAMI, Jul 28, 2004 (BUSINESS WIRE) -- DRYCLEAN USA, Inc. (DCU) , announced that Alan I. Greenstein, who joined the Company recently as Executive Vice President and Chief Operating Officer, had acquired a 21.5% equity position in the Company from the Company's two principal stockholders. It is expected that Mr. Greenstein will also be elected a director of the Company. Mr. Greenstein's responsibilities cover all aspects of the Company's sales and marketing operations.
In announcing the transaction, Michael Steiner, President of DRYCLEAN USA, noted that: "Mr. Greenstein brings to the Company a wealth of experience in revenue growth strategies earned as an entrepreneur of a number of successful businesses, including a Thrifty Car Rental franchise and a chain of retail dry cleaning and laundry stores in Southeast Florida. Mr. Greenstein, with a partner, acquired a Thrifty Car Rental business in 2001 with an existing fleet of 1,800 vehicles. Within three years, the franchise grew to a fleet of 7,500 vehicles with revenues exceeding $82 million. The business was then acquired by Dollar Thrifty Automotive Group, Inc., the national franchisor. Previously, Mr. Greenstein developed a chain of retail dry cleaning and laundry stores and directed all aspects of their sales and marketing and operations."
Mr. Steiner added, "In addition to his sales responsibilities, Mr. Greenstein will also be charged with examining growth opportunities for our Company, including through acquisitions."
Separately, the Company announced the expansion of the distribution territory for its existing product lines. Venerando Indeliccto, Chief Financial Officer, stated: "The Company now has increased representation for its commercial laundry equipment in Tampa Bay, Orlando and Jacksonville in addition to its historical southeast Florida base." Several additional sales engineers, specializing in commercial laundry equipment were added to cover the new territory.
Mr. Greenstein, under whose auspices this expansion will take place, said: "I am very excited about the future prospects of the Company and am looking forward to helping the Company increase its revenues and achieve its goals."
DRYCLEAN USA, Inc. is one of the largest franchise and license operations in the dry cleaning industry, currently consisting of over 400 franchised and license stores in the United States, the Caribbean and Latin America. Founded in 1960, its dry cleaning and laundry machinery division is also one of the nation's leading distributors of industrial laundry equipment, dry cleaning machines and steam boilers.
This press release contains certain information that is subject to a number of known and unknown risks and uncertainties that may cause actual results and trends to differ materially from those expressed or implied by the forward-looking statements. Information concerning such factors are discussed in Company reports filed with the Securities and Exchange Commission.
SOURCE: DRYCLEAN USA, Inc.
DRYCLEAN USA, Inc., Miami
Michael Steiner, 305/754-4551
or
Venerando Indelicato, 813/814-0722
TMED.OB out with their 10K tonight. It looked like they had a strong Q4, but then I saw this:
From 10K:
NOTE 3. CHANGE IN ESTIMATE
Based upon management's review of the Company's inventories at September 30,
2004, which considered the inventory turnover rates and projected future usages,
management concluded that the reserve on inventories, which was primarily a
general reserve, required an adjustment to reduce the reserve by $290,000. As a
result, during the fourth quarter of the year ended September 30, 2004, the
Company reversed $290,000 of this reserve, which resulted in a decrease of cost
of sales and an increase in income before income taxes.
So it appears Q4 earnings were more like .015/share instead of the .03-.04/share they first appeared to be. Darn.
wade, re SWTX
I was disappointed by the presentation. Considering the huge turnaround, you'd think they would be a little more excited about the future. I don't think that presentation attracted many potential investors.
The revenue outlook was confusing. The way it said single digit growth "into" 2005, I'm hoping they're talking sequential quarterly growth. Q4 and Q1 should have revenues up 40-50% from the prior year, so I don't know how they could say single digit growth. It certainly would go against the optimism in the last CC.
Since they haven't reported Q4 yet, I don't think they meant 2005 revenues would be up single digits over 2004. If you figure $16.5M in Q4 revenue, that would be about $58M for 2004. They would only have to average $16M in quarterly revenue in 2005 to get 10% annual revenue growth...so a forecast for single digit growth would be a real downer.
I'd say so Rainman, seems to be a little panic selling in the last hour today. Hard to buy much of anything right now. They just seem to get cheaper the next day.
kozuh, it is a royalty on each dryer sold with the new tech. Plus they will get royalties on the kits to retrofit existing dryers.
From 8K:
On January 3, 2005, DRYCLEAN USA, Inc. (the "Company") entered into a
Patent License Agreement with Whirlpool Corporation ("Whirlpool") in which the
Company granted Whirlpool an exclusive license until December 31, 2008 and
thereafter a non-exclusive license to make and sell laundry appliances
incorporating the Company's patent applications and other intellectual property
related to fabric treatment technology for improving the drying and refreshing
of garments in home clothes dryers. In consideration for the grant of the
license and to reimburse the Company for its time, effort and development costs,
Whirlpool is to pay the Company a $350,000 fee. In addition, Whirlpool is to pay
the Company a per unit royalty for dryers using the licensed technology that are
sold during the three year period following the first sale following commercial
production of dryers using the license technology, as well as a to-be-negotiated
royalty with respect to the sale of licensed after market kits (to retrofit
existing home dryers) for which the Company has retained marketing rights but
granted Whirlpool a non-exclusive license.
OT kozuh, re SCLD
I would believe that. I probably wasn't that impressed a year ago for good reason. Appears the caution was warranted as the company went on to post a string of ugly quarters with decreasing revenues and sizable losses.
Now if you had predicted the Q4 turnaround based on upon recent order announcements/backlog (like Rawnoc did), that would have been an excellent call.
rrat, looks like Marathon Capital has boosted their PIHC stake by about 300,000 shares over the past year.
Darn, BOOM rebounding today. Thought market weakness may take it down to the $7's before earnings in a few weeks. They earned .22/share from cont. operations in Q3 and gave a very bullish outlook on Q4. Backlog increases bode well. In the 10Q, it said the majority of a $5M order will ship in Q4. I'm looking for Q4 earnings of .30+/share. Should be a very favorable comp vs. prior year.