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EMTA Holdings, Inc. Announces Estimated Quarterly Revenues of Over $18.9 Million
Record Gross Revenues, Acquisition Debt Reduced by $750,000, Are Among Several Highlights to Be Reported in Company's Upcoming 10Q-SB
Thursday January 22, 2009, 2:15 pm EST
Yahoo! Buzz Print Related:EMTA Holdings, Inc.
SCOTTSDALE, AZ--(MARKET WIRE)--Jan 22, 2009 -- EMTA Holdings, Inc. (OTC BB:EMHD.OB - News), an energy company focused on the development of innovative fuel-based products to conserve energy, and maker of XenTx(TM), Synergyn(TM) and other engine treatment and diesel fuel efficiency products, announced today that its estimated revenues for the Company's third fiscal quarter topped $18.9 million. The substantial increase in top-end income is largely a result of EMTA Holding's successful acquisition of the consulting company Easy Staffing Solutions, Inc. ("ESSI"), which specializes in the human resources and other operational solutions for industrial-based businesses. ESSI, which has been a wholly owned subsidiary of EMTA Holdings since October 17, 2008, currently has an operating staff of 94, operates 26 offices in 10 states, and manages approximately 5,000 leased employees. ESSI's generated estimated revenues of $18,285,013 during the Company's third quarter, which ended December 31, 2008.
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Symbol Price Change
EMHD.OB 0.0449 -0.0149
{"s" : "emhd.ob","k" : "c10,l10,p20,t10","o" : "","j" : ""} In addition to absorbing ESSI's quarterly revenue, EMTA Holdings was also able to pay off one loan from Sauk Valley Bank of $340,000, and it paid down another loan by $50,000. Also expected to be in the upcoming financial report is the fact that EMTA Holdings reduced past due IRS payroll taxes by $300,000, and made three payments of $22,800 on Burton Placement acquisition debt. In total, EMTA's acquisition debt of $8,900,000 was reduced by $758,400 during the quarter.
The fuel efficiency / lubrication product revenues generated by EMTA's XenTx and Synergyn product lines was $674,657 as compared to $310,102 for the same quarter last year, and the loss from operations reduced to $25,001 versus $771,642 -- an improvement of $746,641. The revolving line of credit (LOC) being provided to XenTX Lubricants Inc. by a regional bank was terminated as a result of the financial meltdown, and was eventually converted into a term loan by the Company.
Edmond Lonergan, President and CEO of EMTA Holdings, stated: "This has been one of the most challenging, yet rewarding quarters in the Company's history. Although our revenues have grown significantly, and we have reduced our debts, the Company still wrestles with some cash flow issues."
"I fully expect that the many expense reductions the Company has initiated over the past 75 days will begin to have an impact on margin in this operating quarter," continued CEO Lonergan. "Furthermore, the Company projects that by March, 2009, EMTA should be operating at a profit and be cash flow positive. This is an exciting growth period for our Company, and I want to re-assert that much of my efforts lately have been spent on increasing shareholder value so that our loyal investors can finally be rewarded for their support of the Company."
EMTA Holdings is projecting revenues for its upcoming fiscal year, which begins April 1, 2009, will likely exceed $124 Million with profits of at least $16 Million.
About EMTA Holding, Inc.:
EMTA Holdings, Inc. (OTC BB:EMHD.OB - News) develops and manufactures innovative products that help conserve energy and fuel economy, particularly additive-type products for petroleum-based fuels. The Company's engine and fuel additives are sold under the XenTx(TM) and Synergyn(TM) brands, as well through private label agreements. EMTA's CleanBoost(TM) brands, which greatly reduce air pollution, are sold both to commercial and retail customers. EMTA Holdings recently acquired wholly owned subsidiary Easy Staffing Solutions, Inc., provides consulting services to industrial companies on human resource and operating issues. The Company's fuel additive products are available from key distributors, major automotive retailers and online at: http://www.emtacorp.com/store.
For additional information on EMTA additive products, please visit http://www.xentx.com.
Forward-Looking Statements:
This press release discusses certain matters that may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the intent, belief or current expectations of EMTA Corp. ("the Company") and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results such as, but not limited to: the ability of the Company to raise necessary capital; to attract and retain effective management; the lack of viable commercial applications or the failure of third-party contractors to perform their contractual obligations. Specific forward-looking statements in the press release include, but are not limited to, all statements regarding yet audited financials for the Company's third quarter 2008, including top-end revenue statements and statements regarding the paying down of corporate debt, plus statements regarding expected revenues and profitability by EMTA Holdings for its upcoming fiscal year 2009. EMTA Holdings fully believes that statements made regarding their financials in this press release will be backed up and supported by the Company's upcoming audited 10Q-SB financial filing. Prospective investors are also referred to the other risks identified from time to time in the Company's reports and registration statement filed with the Securities and Exchange Commission.
Ceoa1us how are you gonna remain bearish when this stock triples this year? lol
I don't know, but if I had lost enough or lost as much as another poster admitted , I would pay for a lawyer just to find out if there was any wrong doing or if there was any possible action I could take. I know alot of people don't act sometimes because they figure what can I do. But Claytons lied and put out PR's that were not true. I'm not a lawyer and wouldnt even attempt to play one on a message board. An I also admittedly have no clue how far pink sheets can go with the BS. JMO
Rofotflmao, You were the first on this board to bring up the idea of lawsuit, and got people interested and then dropped it? So why are you given cnkd grief. lol
That was a surprise, A reasonable PR, Clayton's wife is keeping him in business. Maybe he'll go back to building Optical stores. That was my 50000 buy this morning. glta
Trader Rick you are killing me. I'm trying to finish my coffee. I'm at home too and you inspired me . I am not answering my phone today either. I know its just somebody who wants their gutters cleaned or drywall hung up or some crap like that. Damn it Clayton you were suppose make me rich. You didnt deliver anything you promised and you won't answer your phone... Oh wait a minute I know whats going on .
Summation from Yahoo news -Millions now out of work, but they need to increase the workforce by 25%. States now need people to answer the phones. But who the hell wants to do that.
Hey Bobwins not much out of the company of late. I spoke with IR yesterday , Didn't get alot of info , but they did say to call Ed Lonergan , hes very willing to discuss whats going on with more insight. They also mentioned that their expecting some good revenue coming from acquisition and they will use it to build emta. Regards CP
Recent News for Emhd!
EMTA Holdings, Inc. Announces Trial With Major Trucking Fleet; McKelvey Trucking Commits to 20% of Fleet
PR Newswire(Wed 10:06am)
EMTA Holdings, Inc. Receives $150,000 Cash Payment for Tier 1 (211B) Diesel Test Data
Marketwire(Tue, Dec 30)
What is the name of the private company that has 3 of the scientific officers on its board. Hdvy does lack commitment otherwise there would have been some progress by now. Has anyone spoken to Barnhill or Investor relations recently an gotten any updates or indications of whats in store for us next year? JW
Seems to be this time of year going into the next month or so that Barnhill and Co. seem to clam up. Their probably on vacation. This is the last year I'm giving them. I'd like to hear news on Richard Caruso's personalized medicine company and the breast cancer test their suppose to be working on. he is still involved with this right? His success with the other company he started keeps me interested.
Its all Claytons fault?
Fool me once shame on you . fool me twice ? well you know what GW was trying to say. Can't blame Clayton for shooting out his musket ball PR's . We could see them from 1000 feet away.
" He who frustrates the signs of the babblers, and drives diviners mad, He who makes wise men foolish! IS 44:25.
"Clayton"?? Merry Christmas guys, And heres to a Wiser more predictable New Year!
Tool?
You mean Monkey Wrench.....
Silly pump videos, waste of time and money ,why not just put the news out over the wire. PR the news, these guys are behind the curve. way behind IMO
H Parks involvement with P3
http://www.drugdiscoverynews.com/index.p...
What was training like? I'm guessing your straight commission no salary?
Virginian please zzzzz. Why is this undervalued
I guess it is if you bought in between .05-.11 . Theres is nothing here but a chart play. Theres no business. They PR'd the hiring of 25 sales people . I'm triping all over the place on this . They can't even close one deal. I sold ADT security systems and averaged 3-4 deals a day. To think people are buying these shares as an investment after all the BS is unfathomable. .everyone , and I mean all without exclusion knows the surveillance cameras that are every where now are tiny wireless little things and every Asian grocery in america already has them with internet capability's. Clayton bought 1998 technology and is pumping it like it just came out , come on guys lets get real.Clayton needs to come out with a big fat PR about a big new deal with the government or something . No better yet all the Indian Casinos in the USA are going to use SNV for monitoring systems.That will get us back over .03. I know they don't have this in place already. please. lmao
Has to be an easy sell after reading these posts. Its probably more like the Ice trays! lol
Big disappointment! certainly seems they have something to hide. Not one PR, on anything thats in the works. Plus the acquisition out of no where. The 10k will be out within the next week or so. ?????
I just spoke with L Downs
he has not heard anything or spoken to the Ceo for a while now. I'm waiting and watching. I asked about follow up PR's and some status on Texas, Michigan muni's, and Cood/Nigeria.
Why I outta! lol
LMAO, 712 times!
Ahh, Ha Ha Ha , This explains much . Don't delete me! SNV shareholder ,we know why and the wherefores for all or if not some of the moderators here. PA-lease ! I saw the resume for the owner of this company before he sold it to CY, ALL loses and he even put it on his resume as an accomplishment for it!!!
Scottrade did not allow me to buy Pinksheets or Otc stocks on Margin. I think most brokerages have had the same rules for a while because of the risk.Not 100 % on that, But thats been my experience. More news this morning. Looks like they got right to testing dose levels in animals. I'll say this, Mr Stern is expedient. Glta
I like this statement.....
The opportunity to expand our industrial/commercial XenTx sales utilizing the ESSI relationships should result in increased revenues while enhancing the ESSI client relationships," commented Mr. Lonergan, President/CEO of EMTA Holdings, Inc. "In addition, the acquisition will positively impact our revenues and profits, which should be reflected with increased shareholder value."
ESSI industrial connections are probably huge. They deal with this field of staffing not so much tech. so there is a tie in here.
My gut feel is as Bobwins states some personal relationship between Blake and Lonergan. Honestly I don't know why? I can only speculate from The Announcement today and the ESSI website announcement. I do believe ESSI is forecasting even higher revenues next year. I know you are and have been negative on this company. Understandable from past issues. CEO1 are you Short, or just a disappointed long. CP
Theres no doubt this merger is being done to increase cash flow for Emta. Theres no dilution here either with revenues of 100,000 million . I'm expecting we will receive more news very soon on this merger . Hang on and see how this plays out. I would also guess with an increase in revenues like this ,Emta could possibly move to a bigger/better stock exchange. Why else do this . IMHO
TraderRick I respectfully disagree . I'm sure theres a few who may have lied about the share count, but if you go back to the divy screw up PR's. That is about or very close to what would be on the market. I think naked shorting is a very possible explaination too. But the main reason the Share price hasn't moved up, whether theirs 16,000 or 25,000 mil in the float is unresolved PR's. Some type of revenue disclosure or contract signed for sure, not later on in the week ,is all thats needed to boost the share price! Aren't you working today?
right into the Hudson.
I agree
The cash flow from Cliff Blakes company could be a God send for Emhd's Account's receivable problems. This will allow Emta to get it together. imo
From the ESSI website
Announcements
10-23-08 Merger Announcement!!!!
http://excelstaffinginc.com/merger%20announcment%202.pdf
Buyback shmy-back even if there is a buyback Cy's done nothing but thwart shareholder value. he doesn't give a rats A$$ about it. Anybody make value buys today somewhere else or to busy reading posts here. lol
Nice follow up news today. It sounds like they got a nice licensing deal cooking. Be great to hear a name announced soon. Just speculation, but like you said time will tell.
More news out on P3 regarding commercialization of tests.
Up 80% on a historic down day in the market. not to shabby!
I bought more in the AM. I think its awesome we have an Ibox now. I'm very excited about Power 3's potential. The news was a surprise ! but whats with the volume and no uptick? Is someone dumping and why?
thats good hes an attorney , He can defend himself in court if he keeps this up, and the drywall skill well, could come in handy when nothing else is working out( No offense drywallers, I know theres good money in it) But no way he'd get hired on as an IR guy. All jabbing aside. Whats odd is this guy started out with an Optical store front. That his wife works at, and was gonna expand from there. This we all believe to be true. The 2 for 1 stock give away took place and was legit, except for unfortunate timeline, that started the , I'm gonna fix it PR's. But after the SNV deal, which all of his lawyers approved (RIGHT). Its all been BS. My take is SNV was a bust an had no business or very little to start with, i.e. Dr Beverly's resume says it all about SNV. So CY's probably trying to build this company from scratch, hence doing his own drywall.lol, My take is why would a guy with a verible store front in New york city want to piss of so many shareholder's by not being up front! Why risk it! These other scam company's I've seen have addresses but There usually not verifiable. This whole deal is just off the wall or should I say off the drywall :)
Well, Trip to Africa should be all wrapped up , and EL's bags are probably unpacked by now. Hope they have some goodies soon, or we might be looking at 3 cents...... Anyone heard anything?
With no news out for a season, wouldnt that be do able?
I think he'll take this private before we ever see another PR, JMO, But if you call him you might ask him if thats what he plans to do .