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Wake up all, there are no traders and pumpers now, if you want to be a lemming buy later ;)
AdSouth Partners - ASPR - Announces Financial Results for First Quarter of 2005
5/16/2005 10:17:02 AM
BOCA RATON, Fla., May 16, 2005 (BUSINESS WIRE) -- AdSouth Partners, Inc. (ASPR):
-- Sales Increase 353% in Q1 of 2005 to $1.7 million versus $375,000 in Q1 of 2004
-- Net Income of $91,000 in Q1 versus a loss of $3.9 million in Q1 of 2004
-- Successful launch of Product Line with $1.3 million in Sales
AdSouth Partners, Inc. (ASPR), a rapidly growing, vertically integrated direct response marketing company, today announced financial results for the quarter ended March 31, 2005. The Company's financial results include contributions from the product sales division. The first quarter of last year did not include any product sales activity, as the Company acquired its initial product, the DermaFresh product line in February of last year, and introduced the line to the market in June of last year. As a result, the results of last year's first quarter include only results from the advertising sector. All share information and per share amounts presented in these consolidated financial statements are presented as if the Company's 1-for-15 reverse stock split, which became effective on March 25, 2005, was effective for all periods presented.
Consolidated Results:
Consolidated revenue for the quarter was $1.7 million compared to $375,000 for the first quarter last year. The Company reported consolidated operating income of $176,000 compared to a $3.9 million operating loss last year. The Advertising sector's operating expenses during the first three months of 2004 include $3.7 million of non-cash stock-based compensation expense which resulted from the issuance to the Company's officers and other key employees of common stock pursuant to stock grants, and stock options that were granted to consultants. The net income for the Company was $91,000, or $0.01 per basic and $0.01 per fully diluted share, compared to a net loss of $3.9 million, inclusive of expenses related to stock option grants, or $(0.85) per basic and fully diluted share last year.
Products Sector:
The Company's products sector includes all activities related to the sale of the DermaFresh product line, including the Instant Lip Solution product, which the Company sells pursuant to an exclusive distribution agreement with Simon Cosmetics, and the sale of other products for which the Company has obtained distribution rights. The products sector reported revenue of $1.3 million, and operating income of $305,000. The net income for the products sector was $244,000. Wal-Mart and CVS each accounted for 23% of the $1.3 million in sales. On January 13, 2005, the Company entered into an asset purchase agreement to acquire assets of Miko Brands, LLC. The assets included a line of products consisting of marinade and dressing sauces. These products did not contribute to revenue during the quarter.
"We had a productive and successful quarter for our products segment, as it continued to drive our overall revenue and earnings," commented John Acunto, CEO of ASPR. "We have further diversified our product offerings with the acquisition of the Miko Brands, and the Simon Solutions Lip Solution product continues to be exceptionally well received in the marketplace. We are gaining significant attention as Pamela Anderson continues to endorse this product. We expect product sales to more than double in our current quarter. We expanded our DermaFresh product line to include a total of nine products, including the well-received microdermabrasion kit. During the first three months of 2005, we either acquired or obtained marketing rights to a number of additional products. We also continued to expand the management of our products sector with the hiring of industry veteran Fred Kamis, who is well-known throughout the retail community and brings to AdSouth significant established relationships along with a wealth of knowledge in product merchandising, distribution, and campaign management."
Advertising Sector:
The Company's advertising sector, which consists of the placement of advertising, the production of advertising and creative advertising consulting, reported revenue of $415,000, an increase of 10.6 percent from the $375,000 in advertising revenue reported for the first quarter last year. Total costs and expenses were $544,000 compared to $4.3 million for the first quarter of last year, which included $3.7 million in expenses related to stock option grants. The advertising sector reported a loss from operations of $129,000 compared to a loss from operations of $3.9 million last year. The net loss for the advertising sector was $153,000 compared to a net loss of $3.9 million last year.
Balance Sheet:
On March 14, 2005, the Company's board of directors approved a 1-for-15 share reverse split of the Company's common stock and a proportionate reduction of the authorized shares outstanding. On March 25, 2005, the effective date of the reverse split, the numbers of authorized shares of common stock, par value $0.0001 per share was reduced to 33.3 million.
In February, the Company completed a private placement of its securities pursuant to a subscription agreement with 10 accredited investors. The Company sold the investors $810,100, of ten percent convertible notes due December 2006.
Inclusive of the private placements, the Company completed the quarter with available working capital of approximately $231,000 compared to a working capital deficiency of $916,000 at December 31, 2004. Cash as of the end of the quarter was $94,000, with a current ratio of 1 to 1.
Mr. Acunto concluded, "We have significantly strengthened ASPR in the last year, adding a second, profitable business model to our revenue base, increasing our cash position and transitioning from a working capital deficiency to a positive working capital position while achieving profitability. We have strengthened our management team, acquired and introduced new products, and substantially expanded the exposure of our lead product, Lip Plumper. We recently launched the DermaFresh product division and this division, coupled with the heightened demand for the Simon Solutions product featuring Pamela Anderson, provides management with confidence in our ability to deliver sales and earnings growth going forward."
About AdSouth Partners, Inc.
AdSouth Partners is a vertically integrated direct response marketing company that generates revenues from the placement of advertising, the production of advertisements, creative advertising and public relations consulting services. Since mid 2004, it has expanded its activities as it obtained the rights to products that it markets and sells to retail outlets. AdSouth Partners, through its product division DermaFresh, has previously announced shipments to several of the largest retailers in the country. A complete list is available on our website at www.adsouthinc.com and a preview of the products offered is available at www.dermafresh.com
AdSouth Partners, Inc Announces 2005 First Quarter Conference Call
Thursday May 12, 3:50 pm ET
BOCA RATON, Fla.--(BUSINESS WIRE)--May 12, 2005--AdSouth Partners, Inc. (OTC Bulletin Board: ASPR - News), a rapidly growing vertically integrated direct response marketing company, today announced that John Acunto, ASPR's Chief Executive Officer, will host a conference call to discuss the Company's financial results for the 2005 first quarter, which ended March 31, 2005.
The conference call will take place at 4:15 p.m. Eastern, on Thursday, May 19, 2005. Anyone interested in participating should call 800-399-3082 if calling within the United States/Canada or 706-679-4373 if calling internationally approximately 5 to 10 minutes prior to 4:15 p.m. Please provide ID number 6351908 when calling in. There will be a playback available until May 26, 2005. To listen to the playback, please call 800-642-1687 if calling within the United States or 706-645-9291 if calling internationally. Please provide ID number 6351908 when calling in.
This call is being webcast by Ready Present and can be accessed at AdSouth's website at www.adsouthpartners.com. The webcast may also be accessed at Ready Presents website at www.readypresent.com. Use Login: 1922390 login and Web Pin 003088. The webcast can be accessed through September 19, 2005 on either site. To access the webcast, you will need to have the Windows Media Player on your desktop. For the free download of the Media Player, please visit: www.microsoft.com/windows/windowsmedia/en/download/default.asp.
http://biz.yahoo.com/bw/050512/125782.html?.v=1
Dirk, good question. And while my opinion is just my opinion, I can honestly surmise that the only thing that will push this security northward now, is positive earnings.
The 2005 forecast encompassed many areas Adsouth has covered to bring about revenues. They've tackled most of their goals to bring Adsouth into play in the Direct Response Advertising arena. They've not only put forth a product rich campaign, but they've endorsed a celebrity figure to not only draw attention to one product, but bring about awareness to a product rich environment. They've advertised and per their own Pr's, they've shipped over a million dollars in product since January. To my knowledge, they've haven't even begun to touch on the "re-order spectrum".
They survived the Rs without a catastrophe. My guess is, they want to get off the OTCBB in a big way. Business just gets much more respect that way. It's very hard to promote your business profoundly when you're not a part of the big three.
One thing is for sure, according to SEC filings, the CEO buys his own stock at market prices on a regular basis. Dilution has been virtually a "non factor".
Look at all penny stocks and find one with that kind of integrity and I'll show you a stock with a growth potential like no other.
So, when is this security going to go north? I'm willing to let the numbers dictate the action! No promises, just patience.
From RagingBull, also my opinion.
AdSouth Partners, Inc. - 'ASPR' - Retains Alliance Advisors to Initiate a Proactive Investor Relations Program
Tuesday April 19, 11:51 am ET
BOCA RATON, Fla.--(BUSINESS WIRE)--April 19, 2005--AdSouth Partners, Inc. (OTC Bulletin Board: ASPR - News), a rapidly growing vertically integrated direct response marketing company, today announced that it has retained Alliance Advisors, LLC, an affiliate of Hayden Communications, to initiate a proactive and targeted investor relations campaign. Alan Sheinwald, President of Alliance Advisors, and his team will be advising the Company in all facets of a proactive investor communications plan. This will include proper positioning of the corporate message, creation of presentation materials, coupled with the development of long-term investor relationships by increasing the awareness of ASPR's investment opportunity to the appropriate members of the professional investment community.
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John Acunto, CEO of ASPR, commented, "We have garnered an outstanding response, by the retail community, from the launch of our product division DermaFresh. The demand for the Simon Solutions products featuring Pamela Anderson has been spectacular. We felt it is time to bring our success story to the investment community, and after careful review, we selected the Alliance Advisors team led by Alan Sheinwald to ensure that investors are kept informed of our progress in the development of the DermaFresh programs and additional opportunities for growth and earnings as they arise."
Mr. Sheinwald commented, "Management of AdSouth Partners has positioned the Company for a breakout year projecting dramatic revenue growth and profitability in 2005. ASPR has provided guidance of over $22 million in sales and $3.8 million in earnings for this year. By any standard, it would appear that the firm's shares are trading at an extremely attractive value. We will work diligently to properly articulate the value proposition and strategic vision, while ASPR continues to focus on the growth of both the top and bottom line, and meeting their financial forecast."
About Alliance Advisors
Alliance Advisors, LLC, an affiliate of Hayden Communications, Inc., assists public companies with market valuations under $100 million by developing and executing investor communications programs dedicated to interfacing with critical corporate investors in a timely and accurate manner. Clients receive the treatment of a larger organization, while Alliance provides the guidance and preparation for exposure required of an emerging public company. As Alliance clients achieve operational consistency, their investor relation campaigns are transitioned to the reach of the broader national institutional investment community
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Press Release Source: AdSouth Partners
AdSouth Partners' 'ASPR' Launches Public Relations Campaign
Thursday April 14, 11:03 am ET
BOCA RATON, Fla.--(BUSINESS WIRE)--April 14, 2005--AdSouth Partners, Inc. (OTCBB: ASPR - News) AdSouth Partners is pleased to announce that has begun its public relations campaign on the Pamela Anderson endorsed lip solution product. The product which is currently either on shelf already or being shipped to Wal-Mart, Walgreens, CVS, GNC, Eckerd, Ulta and other outlets has been promoted by Pamela Anderson herself on national television and in major weekly magazines.
John Cammarano, AdSouth's President, states, "The public relations effort is currently underway. Pamela was a guest on Jay Leno's The Tonight Show and she explained the product to Jay and a national audience. You can view the interview on our website at www.dermafresh.com. The product has also been written up in Star magazine and other weekly magazines". "This effort will be ongoing over the next several months as we begin working closely with various television and print companies. The adverting campaign has just begun as we still have several major ads to come out in the next couple of weeks," he added. "This P.R. effort is part of a cohesive effort to lay the Branding foundation for the Simon Solutions product line for not just one product but several. We remain committed to our strategy and are currently working with all parties involved in the initial launch to build immediate line extensions."
John Acunto, AdSouth's CEO states, "Public Relations is as important as advertising. We have several PR firms aggressively working this effort and realize the overall impact this could have to the successful launch of not just one product but any future products featuring Pamela Anderson and Simon Solutions. The Lip Solution is only one product in the DermaFresh line of products. We currently have 9 active products and we are working each product into this PR effort as much as possible."
http://biz.yahoo.com/bw/050414/145487.html?.v=1
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Press Release Source: AdSouth Partners, Inc.
AdSouth Partners' Lip Plumper Ad Featuring Pamela Anderson to Air on FOX TV
Wednesday April 13, 2:20 pm ET
BOCA RATON, Fla.--(BUSINESS WIRE)--April 13, 2005--AdSouth Partners, Inc. (OTCBB: ASPR - News) is pleased to announce that it will be airing its 30-second spot for its Simon Solution-Lip Plumper, featuring Pamela Anderson, during FOX's network premiere of "Stacked" this evening. The show "Stacked" stars Pamela Anderson with three-time Emmy winner Christopher Lloyd (Back to the Future--Dr. Emmett Brown, the oddball scientist). "This advertising spot is airing at the same time as our major retail customers have the Lip Plumber available for sale and represents a great advertising opportunity for us," states John Cammarano, President of AdSouth Partners. To view the spot please go to the following link: www.adsouthinc.com.
http://biz.yahoo.com/bw/050413/135749.html?.v=1
AdSouth Partners Receives Another Order in Excess of $400,000 on Pamela Anderson Lip Solution
Wednesday April 13, 9:53 am ET
BOCA RATON, Fla.--(BUSINESS WIRE)--April 13, 2005--AdSouth Partners, Inc. (OTCBB "ASPR") AdSouth Partners is pleased to announce that it has received an additional order to ship the Simon Solutions product featuring Pamela Anderson. The order, in excess of $400,000, placed by Walgreens, will be distributed to 3,200 stores nationwide. AdSouth Partners through it's product division DermaFresh has previously announced shipments to several of the largest retailers in the country. A complete list is available on our website at www.AdSouthinc.com and a preview of the products offered is available at www.dermafresh.com.
John Acunto states, "This increases our national retail exposure in a big way. The product which is hitting shelves at Walmart, CVS, Ulta and GNC will now be available at an additional 3,200 stores. This greatly solidifies our vision for revenues in 2005. Each retail store is displaying the product in a 6 or 8 piece custom built P.O.P. display that has a large picture featuring Pamela above the units. This investment by us in every retail chain should assist consumers in identifying the product. The advertising campaign for our products has been ongoing for over four months in national magazines such as Cosmopolitan, Star, In Touch Weekly, Womans Day, Glamour, MMR, US Weekly, Marie Claire, First for Woman, Family Circle, Working Mother and in two weeks a full national newspaper insert in Parade magazine. Parade has a circulation of over 17 million."
http://biz.yahoo.com/bw/050413/135470.html?.v=1
AdSouth Partners -ASPR- to Advertise on Fox.com
Tuesday April 12, 11:13 am ET
BOCA RATON, Fla.--(BUSINESS WIRE)--April 12, 2005--AdSouth Partners, Inc. (OTCBB "ASPR") is pleased to announce that it will have billboard advertising on Fox.com running for the next 30 days. The billboards will be on the Stacked, American Idol, and The OC areas of the web site and will total 4,500,000 impressions. "This advertising is going to assist in creating additional awareness of the product featuring Pamela Anderson and will greatly increase our exposure from Pamela Anderson's new show," states John Cammarano, President of AdSouth Partners. To view the ads please go to the following links; www.fox.com/stacked
http://biz.yahoo.com/bw/050412/125630.html?.v=1
AdSouth Partners', ''ASPR'', Launches National Advertisement with Pamela Anderson
Monday April 11, 10:25 am ET
BOCA RATON, Fla.--(BUSINESS WIRE)--April 11, 2005--AdSouth Partners, Inc. (OTCBB:ASPR - News) is pleased to announce that it will have it's new and revised thirty second commercial for its Simon Solution product, starring Pamela Anderson, which will air during the debut of the premiere television show "Stacked". The television commercial has been strategically positioned at the end of the show, just before the beginning of "American Idol". Stacked is to premiere on April 13th (8:30 p.m. EST). The show will feature Pamela Anderson with three-time Emmy winner Christopher Lloyd (Dr. Emmit Brown of "Back to the Future").
John Cammarano states, "This is the biggest launch I have ever been a part of in direct response marketing. Our commercial which will feature over fifteen seconds of Pamela selling the product and fifteen seconds of order and store information and will air during the debut of her highly promoted and talked about new program. This is simultaneous to the placement of our product and displays at some of the largest retailers in the country. We have placed a toll free number in the spot and have tagged some of the retailers that have placed orders with us and are supporting the product. We have had overwhelming retail support with well over $1,000,000 in orders within the past month. We are ready to make this campaign kick off with a bang in the prime of prime time in front of a potential 20 million viewers."
John Acunto commented, "We have said before that we were delayed in the last part of fourth quarter and the first part of first quarter. We have waited for this moment for months. The official launch of the Simon Solutions product featuring Pamela Anderson begins now and the entire company is excited about our future. The ability to sign a contract with Simon Solutions less than six months ago, to distribute a product, and to be where we are today is just incredible by anyone's standards."
http://biz.yahoo.com/bw/050411/115664.html?.v=1
ASPR do some dd here's some info, great stock
http://finance.yahoo.com/q?s=ASPR.OB
CTGLF looks very good :)
The company's business is going well with some progress made. The management are working on the listing into AMEX and investors will be able to see the financials of current technology business in April.
***********************************
Sifie Fu
Investor Relations Manager
China Technology Global Corporation
TEL. : (86) 755 3330-1330
FAX : (86) 755 3330-1508
Website: www.DichainChinaTech.com
AdSouth Partners Ships Orders to Major Retailers in Advance of Television Debut
Monday April 4, 12:02 pm ET
BOCA RATON, Fla.--(BUSINESS WIRE)--April 4, 2005--AdSouth Partners, Inc. (OTCBB:ASPR - News) is pleased to announce that it has shipped the Simon Solutions product featuring Pamela Anderson in advance of her new show "Stacked" which is to premiere on the 13th of April at 8:30 p.m. on Fox. AdSouth Partners, through it's product division DermaFresh, has previously announced shipments to several of the largest retailers in the country. A complete list is available on our website at www.adsouthinc.com and a preview of the products offered is available at www.dermafresh.com.
John Acunto states, "We have anticipated the retailers demands and have timed the release of the product at a time we feel we can get the maximum amount of exposure of the products spokesperson. The advertising campaign for our products has been ongoing for over four months in national magazines such as Cosmopolitan, Star, In Touch Weekly, Woman's Day, Glamour, MMR, US Weekly, Marie Claire, First for Woman, Family Circle, Working Mother and in two weeks a full national newspaper insert in Parade magazine. Parade has a circulation of over 17 million. We look forward to the coming three quarters and plan to increase our marketing budget in the coming quarters on all the products in the DermaFresh line."
http://biz.yahoo.com/bw/050404/45774.html?.v=1
Fleer
I was just getting ready to post insider share information as I find it to be very very impressive. Hope this helps.
Shares outstanding today according to RS PR...118,563,979
Shares outstanding after RS.....................7,904,265
http://biz.yahoo.com/bw/050315/156142_1.html
Insider shares now (links provided below)
John P. Acunto (42.85%)........................50,809,300
http://www.insidercow.com/
ACUNTO, ANGELA E (40.5%).......................48,000,000
CAMMARANO, JOHN (.46%)...........................542,611
WINGEIER, ANTON LEE (.59%)........................700,000
http://finance.yahoo.com/q/ir?s=ADPR.OB
Total Insider shares: (84.52%)................100,205,911
Basically shares in float: (15.48%)............18,358,068
The above is the current status of OS. Now lets evaluate after the split:
Outstanding:....................................7,904,265
Held by insiders:...............................6,680,685
Float...........................................1,223,580
Well, if my above figures are correct (remember, I an elderly man) this company is in great shape with products to take to market, great distributors/retail outlets, but more importantly a management that has demonstrated they want this company to be a great investment.
One of Mr. Acunto's comments during the CC was that he wanted BOD's additions that will include an audit commitee. Why did he stress an audit commitee? You cannot go to a bigger board without one.
As I can I will be buying more, so those of you that belive a RS is a death wish, keep selling so I can keep buying.
BTW, NWMV hit another 52 week high (14.20) and closed at 14.00, up .50 for the day.
From RB 5269
http://www.adsouthinc.com/pdf/AdSouthPartnersMar2005.pdf
"Gateway reports believes that ASPR shares are modestly valued at $0.87 per share. Should management succeed in executing on its ambitious plans for 2005, the equity market could assign a valuation closer to $3.60 on ASPR shares based on DCF analysis of the Company's projected 2005 results. Gateway Reports has based its analysis on an assigned multiple of 12x estimated '05 Earnings-per-Share of $0.47, and also by assigning a multiple of 2x on FY 2005 Sales of $20.5 million."
just a very small part off it :)
AdSouth Partners Holds Conference Call, Reports Symbol Change
Effective March 28, 2005
Monday March 28, 9:38 am ET
BOCA RATON, Fla.--(BUSINESS WIRE)--March 28, 2005--AdSouth Partners, Inc. (OTC BB: ASPR - News) held a conference call on March 24, 2005. A full audio version of the conference call will be posted at the Company's web site (www.adsouthinc.com) as soon as it is available.
The Company is also announcing that effective March 28, 2005, its new ticker symbol will be "ASPR". Nasdaq required the symbol change as a result of the one for fifteen reverse split of the Company's common stock.
http://biz.yahoo.com/bw/050328/285410.html?.v=1
AdSouth Partners Announced Coverage by Securities Analyst
Monday March 28, 9:35 am ET
BOCA RATON, Fla.--(BUSINESS WIRE)--March 28, 2005--AdSouth Partners, Inc. (OTC BB: ASPR - News) today announced that it has been advised by Gateway Reports, an independent securities analyst, that Gateway Reports is commencing coverage of AdSouth and that any reports that it issues will be available on its website (www.gatewayreports.com). Any statements, estimates or opinions contained in Gateway's report or website represent the opinions of that firm and are not necessarily the views, estimates or opinions of AdSouth's management.
http://biz.yahoo.com/bw/050328/285404.html?.v=1
$0.5 EPS*PE 15 = $7.5 a share
Nasdaq here we come.
AdSouth Partners Provides First Quarter 2005 Guidance
Thursday March 24, 10:56 am ET
BOCA RATON, Fla.--(BUSINESS WIRE)--March 24, 2005--AdSouth Partners, Inc. (OTC BB: ADPR - News) today released its outlook for its operations for the first quarter of 2005. AdSouth estimates that for the first quarter of 2005, it will operate at breakeven to a modest profit on revenue from $1.6 million to $1.65 million.
Revenues for the first quarter of 2005 are expected to consist of approximately $400,000 from its Advertising sector and from $1.2 million to $1.25 million from its Products sector. During the first half of the first quarter, our lack of working capital limited our ability to sell product. With the completion of our financing in late February, we were able to significantly increase our purchases and ship products.
AdSouth estimates that it will maintain its previously announced projections for 2005, of $22 million in revenue and net income in the range of $3.8 million to $4 million, or earnings per share of $.48 to $.50 (as adjusted for the effects of the one for 15 reverse split and based on the current outstanding shares). The Company's ability to meet these projections is subject to a number of factors, including the following:
The Company's ability to finance the purchase of inventory in order to meet sales orders. During the first quarter the Company's inability to finance such purchases impaired its ability to generate sales in the first quarter.
The Company's ability to project its costs of products. Except for the Dermafresh product line, all of the Company's products are new products in 2005. The Company has made estimates of its costs of products, packaging and shipping, based on its ability to generate sufficient sales to obtain improved pricing. The failure to meet these estimates will impact the results of the Company's operations.
An increase in advertising clients. During the first quarter of 2005, one of the Company's advertising clients accounted for approximately 80 percent of its estimated advertising revenue. The reliance on a small number of advertising clients results in a dependence on one or more clients, and the decision of the client to change agencies or its failure or inability to pay will impact both the Company's revenue and the results of its operations.
Any new products which the Company acquires or for which it obtains distribution rights may require significant expenses in connection with the market introduction of the product before revenue can be generated from the product, which could affect the results of the Company's operations.
The Company's ability to generate increased sales from its products. The Simon Solutions' product was introduced during the first quarter of 2005 and the Company does not expect it to be on the shelves in major chains until early in the second quarter. Based on the initial consumer response, the Company believes that this product could generate significant sales. In addition, the Company is looking for increased sales from its Dermafresh line, as well as sales from its e70 product line, which it expects to introduce in the second quarter, and its Miko product line of dressings and marinades, which it acquired in the first quarter of 2005, although sales to date have not been significant. However, if any of these products does not generate the anticipated sales, both the Company's revenue and the results of its operations will be affected.
Up again, am i the only one who makes money on this stock :)
Today outlook Q1 2005 :)
Fleer
AdSouth Partners Reports Record Revenues for 2004
Monday March 21, 5:22 pm ET
Revenues Increase $3.3 Million or 413%
BOCA RATON, Fla.--(BUSINESS WIRE)--March 21, 2005--AdSouth Partners, Inc. (OTCBB "ADPR") announces that revenues for 2004 increased $3.255 million or 413% from $.789 million for 2003 to $4.044 million for 2004. During 2004, Advertising Sector revenues were $2.925 million compared to $.789 million in 2003 (the Advertising Sector commenced operations on July 8, 2003). During 2004, Product Sector revenues were $1.119 million. In February 2004 AdSouth acquired the rights to the Dermafresh line and product sales began at the end of June 2004. Because no Product Sector revenues were generated during 2003 all such sales in 2004 were accretive.
The loss for 2004, before the deduction of $4.488 million of non cash stock-based compensation expense, was $1.323 million, resulting in a net loss of $5.811 million. During the 4th quarter of 2004 revenues were $.232 million, which was a decrease from the quarterly revenues generated during each of the first three quarters of 2004, while the Company was seeking financing necessary to fund product purchases and advertising expenditures. Working capital was negatively impacted in the 4th quarter due to the non-payment of a $.656 million Advertising Sector receivable of which $.482 was charged as bad debt expense in the 4th quarter. In February 2005, the Company received approximately $.7 million in net proceeds from a convertible debenture financing, which provided the Company with the working capital necessary to fulfill its 2005 first quarter product shipment schedule. The Company expects to release it outlook for the 1st quarter of 2005 on Thursday, March 24, 2005.
About AdSouth Partners
AdSouth Partners is a vertically integrated direct response marketing company that generates revenues from the placement of advertising, the production of advertisements, creative advertising and public relations consulting services. Since mid 2004, it has expanded its activities as it obtained the rights to products that it markets and sells to retail outlets.
AdSouth Partners to Launch New Simon Solutions Product
Friday March 18, 10:58 am ET
BOCA RATON, Fla.--(BUSINESS WIRE)--March 18, 2005--AdSouth Partners, Inc. (OTCBB:ADPR - News)
AdSouth Partners is pleased to announce that it will be introducing a new Simon Solution's product. The product is named "Wrinkle Away Roll On." The new product combines the convenient and successful technology of the DermaFresh roll on and the immediate tightening effects of GABA (Gammo Amino Butyric Acid). This new patent pending breakthrough technology is proven to diminish the appearance of wrinkles on the facial area. GABA is the body's natural muscle relaxing agent that numbs the muscles that cause wrinkles. The product is effective within minutes and offers a temporary relief to the wrinkled facial area.
John Acunto states, "This new product is a natural addition to the Simon Solutions line of quality products. The roll on technology was introduced under the DermaFresh line of products with our Roll On Collagen. The applicator is easy to use and can reach under the eyes and other wrinkle prone areas that other products fail to reach. The multi-billion dollar anti-aging market has grown by double digit percentages in recent years as the baby boomers seek to find the fountain of youth."
John Cammarano states, "The new product has already been through test marketing and the product has surpassed our new product criteria. The product will be added to Simon Solution line immediately and presentation to major retailers has already begun. We are looking to begin shipping in the second and third quarter of 2005."
Press Release Source: Adsouth Partners, Inc.
AdSouth Partners' Product Featuring Pamela Anderson to Debut at Retail Stores
Thursday March 17, 2:36 pm ET
Same Week as Pam's Network TV Debut
BOCA RATON, Fla.--(BUSINESS WIRE)--March 17, 2005--Adsouth Partners, Inc. (OTCBB:ADPR - News) Adsouth Partners is pleased to announce that it will have its Simon Solution product featuring Pamela Anderson in major retail chains concurrent with the FOX network premiere of "Stacked". "Stacked" is to premiere on April 13th (8:30 p.m. EST). The show will feature Pamela Anderson with three-time Emmy winner Christopher Lloyd (Back to the Future-- Dr. Emmit Brown the oddball scientist). Pamela Anderson will star as a bookstore employee trying to get it together and Christopher Lloyd will play a regular customer to the store.
John Acunto states, "This is very exciting for us and we are happy to see Pamela getting her debut on network television. We realize that this will create more exposure to Pamela. The retail launch of the product could not have been timed any better. We are discussing advertising opportunities with Fox for national and/or regional placement of our commercial within the program."
John Cammarano states, "Fox Broadcasting has indicated it has high expectations for ratings due to the time slot. The new show will premier in its normal position between "That 70's Show" and "American Idol". We are excited about the coverage for Pam since this is scheduled between the two top rated programs on Fox."
http://biz.yahoo.com/bw/050317/175576_1.html
CORRECTING and REPLACING AdSouth to Have First Ever Conference Call on March 24th
Thursday March 17, 10:40 am ET
First Quarter Guidance to Be Released March 24th
BOCA RATON, Fla.--(BUSINESS WIRE)--March 17, 2005--In BW5146 issued March 17, 2005: Headline of release should read: AdSouth to Have First Ever Conference Call on March 24th (sted: March 25th).
The corrected release reads:
ADSOUTH TO HAVE FIRST EVER CONFERENCE CALL ON MARCH 24TH
First Quarter Guidance to Be Released March 24th
AdSouth Partners, Inc. (OTCBB "ADPR") will have a conference call at 12:00 p.m. EST (noon) to discuss the year end numbers (2004), and the first quarter guidance. The call in number is available by calling corporate offices at 866-750-0410 or 561-750-0410.
http://biz.yahoo.com/bw/050317/175385_1.html
All the naysayers need to step back and review the old PRs.
Has ADPR made good on Q3 and Q4 forecasts of moving products into retailers? Large retailers???
Look at the product website of retailers listed now and at the suggested retail price of each product. Would these retailers dedicate shelf space to a product unless they were pretty damn certain it would sell?
Now review Acunto's Feb 28 shareholder update. 2005 forecast remains in place. Take the 2005 forecast issued in Novenber and discount it to be conservative. Change the projested revs to $10 million from $22 milllion. Cut the projected EPS from .04-.5 based on the outstanding in Nov to .01-.0125 and then adjust for the R/S.
2005 revenues of $10 million..EPS .15 - .1875.
That should be good enough for $1.00-$1.50 PPS minimum.
I'll willing to wait for Q1 numbrs due in 60 days to see what they say. Q1 and Q2 will be the biggest product shipment quarters as previously stated by management.
It is fun watching the lemmmings run off the cliffs. Hope there is another herd of them headed that way again today. ROTFLMAO.
Msg 5019 at RB
Consider this, close approximation.
We have an initial order for the lip plumper in 1370 WMT stores for retail trials. WMT has over 3600 stores nationwide. Not sure if we can provide this to WMT US and they ship to those outlets outside the US.
>>Fact: Wal-Mart Stores, Inc. is the world’s largest retailer, with $256.3 billion in sales in the fiscal year ending Jan. 31, 2004. The company employs 1.6 million associates worldwide through more than 3,600 facilities in the United States and more than 1,570 units in Mexico, Puerto Rico, Canada, Argentina, Brazil, China, Korea, Germany and the United Kingdom. More than 138 million customers per week visit Wal-Mart stores worldwide.
http://www.walmartfacts.com/doyouknow/
ADPR will be supplying the sidekick unit which I guess will hold from 20-24 units per sidekick. Initial order about $400k which means at 20 units per store we are looking at sales per store of $292.00 or $14.60 revenue per unit. We all know WMT is a grinder for price and this is for trial. Hopefully after trial, the revenue per unit will be higher.
Now we have to take the total store figures if it is renewed and put into all 3600 stores. Using the above figures we get 20*3600*14.60=$1,051,200 for initial orders and renews in initial 1370 stores. Not bad revenue. If they turn inventory once a month that is over 12 million a year revenue. Just imagine if we can ship worldwide for WMT.
I for one am very optimistic about this stock and agree that Acunto will not be having a CC, if it wasn't good news. I havent't research CVS yet, but it is for more than just the Lip Plumper. I also haven't determined how many stores they have. Can anyone help here?
Roland
Msg 5033 at RB
AdSouth Partners Announces Another Major National Chain Re-Orders DermaFresh Products
Wednesday March 16, 10:28 am ET
BOCA RATON, Fla.--(BUSINESS WIRE)--March 16, 2005--AdSouth Partners, Inc. (OTCBB "ADPR") announces that it has begun shipping re-orders to the largest nutritional company in the United States. AdSouth initially placed 4 items with GNC. The first 3 items including Roll-On Collagen, the Glycolic Facial Blanket, and the MicroDerm Abrasion Kit were tested in various store quantities in the beginning of the year. All three items have more recently been upgraded to 1,400 stores due to positive sell-through. The Lip Solution was ordered as an immediate 1,400 store ship and should be hitting shelves next week.
John Acunto states, "We are excited once again about the fact we have been able to generate re-orders on the DermaFresh line from a large national retail account. It is a good indicator for us as to the complete national roll out.
John Cammarano states, "All retailers maintain a unique merchandising model that targets a specific consumer. The fact that our products have crossed over to a very targeted retailer such as this one demonstrates that our products have met the barriers to entry and can appeal to a very diverse consumer base."
AdSouth Partners, Inc. (OTC BB: ADPR) today 11/11/2004 released its outlook for its operations through 2005. AdSouth estimates the following operating results for 2005:
-- Full-year Revenue of $22 to $23 million
-- EBITDA of $4.6 to $4.8 million
-- Net Income of $3.8 to $4.0 million
-- Earnings per Share of $0.04 to $0.05 (based on the current
shares outstanding)
-------------------------------------------------------------
1.98 mil + 31% = 2.60 mil 4Q 2004
2.60 mil + 31% = 3.40 mil 1Q 2005
3.40 mil + 31% = 4.45 mil 2Q 2005
4.45 mil + 31% = 5.80 mil 3Q 2005
5.80 mil + 31% = 7.60 mil 4Q 2005
Total 2005 = 21.25 mil $
All IMO
IVNE also interesting eom
AdSouth Partners' Chairman Update
Monday February 28, 1:40 pm ET
BOCA RATON, Fla.--(BUSINESS WIRE)--Feb. 28, 2005--AdSouth Partners, Inc.'s (OTCBB "ADPR") Chairman and CEO, John Acunto provided the following update on the business of the Company.
Since July of 2003, AdSouth Partners has provided a full range of Advertising services. In February 2004, we added an additional business with the acquisition of the DermaFresh skin care line. Since the second quarter of 2004 we have reported our results under two business sectors "Advertising" and "Products". In the recent months since our 2005 forecast we have added several new divisions to our Products sector. These new Product's divisions now provide us with a more diversified overall business.
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Our Advertising sector or AdSouth Inc., a wholly owned subsidiary of AdSouth Partners, specializes in developing direct response campaigns, media placement and creative design to clients. Our Advertising Sector has a direct relationship with Manhattan Media and has added office space in Manhattan for attracting new clients and has gained new clientele as a result of that relationship.
Our Products Sector has grown from the DermaFresh Line to several divisions featuring various product categories. Our Products Sector's divisions include, DermaFresh, Inc., which is a wholly owned subsidiary of AdSouth Partners. DermaFresh has a stable of 7 individual products or SKU's each targeted to the areas of the anti-aging, facial care and maintenance. The DermaFresh Line of products is displayed on our website at www.dermafresh.com.
Our Products Sector's divisions also include licensed product divisions. This is a growing category of our company. Licensed products are products that we retain a license to market or to distribute the product to retail or have the ability to rename the product for marketing purposes and use a company's patented formulation. This division has the Simon Solutions line featuring Pamela Anderson. The license/distribution agreement entitles us to exclusively distribute her products to all retailers in the United States. We also just signed an exclusive deal for our newly named E-70 product. E-70 is a patented technology developed by L'Avenir. This product is the result of years of research and innovation and has been distributed under the L'Avenir name for several years to high end retailers. Another recently introduced Product Sector Division resulted when we entered into an exclusive distribution agreement with Great American Products, Inc. to sell their full product line of over 60 items internationally (excluding the United States), which includes their Ultimate HGH product on which Great American generated in excess of $180 million in revenue in the United States.
We have also recently acquired the Miko Brand. The Miko Brand has been sold to retail stores for more than 10 years. It is 9 products deep and is a line of dressing/marinades. This division will be developed over 2005 to expand the line of Miko into other categories such as what took place with the expansion of the DermaFresh line from the Microdermabrasion unit to a full line of seven products.
We have raised capital to provide for the needs of each division. We are building inventory, marketing campaigns and adding personnel and infrastructure. The diversification of AdSouth Partners is transforming our business from a one product company to a line of quality products offered to retailers. Our products are currently being distributed to major retailers across the country. We are building and expanding each product in each division and our outlook for 2005 has not wavered.
AdSouth Closes $810,100 Private Financing
Tuesday February 22, 8:30 am ET
BOCA RATON, Fla.--(BUSINESS WIRE)--Feb. 22, 2005--AdSouth Partners, Inc. (OTCBB:ADPR - News) announced today the sale of its 10% convertible notes, shares of common stock and warrants to a group of accredited investors, from which it raised gross proceeds of $810,100. Atlas Capital Services, Inc. served as the Company's investment banker in the transaction. The private placement was made exclusively to accredited investors, and is described in a Form 8-K being filed with the Securities and Exchange Commission.
John P. Acunto, Jr., AdSouth's chief executive officer, said "This financing provides us with funds to enable us to meet our immediate working capital needs, particularly as we are preparing the roll-out of our Simon Solutions Lip Solution and other Dermafresh products."
Steve Pollan, Managing Director of Atlas, said "We are pleased to be able to assist AdSouth with this financing, and we are excited about advising the Company on its strategic needs as it expands its lines in the marketplace."
About AdSouth Partners
AdSouth Partners is a vertically integrated direct response marketing company that generates revenues from the placement of advertising, the production of advertisements, creative advertising and public relations consulting services. Since mid 2004, it has expanded its activities as it obtained the rights to products that it markets and sells to retail outlets.
AdSouth Partners Signs International Product Distribution for Great American Products - Including Its Ultimate HGH
Tuesday February 22, 5:01 pm ET
BOCA RATON, Fla.--(BUSINESS WIRE)--Feb. 22, 2005--AdSouth Partners, Inc. (OTCBB:ADPR - News) announced today that it has entered into an exclusive distribution agreement with Great American Products, Inc. pursuant to which AdSouth is to sell Great American's full product line of over 60 items internationally. AdSouth's initial effort will be in Asia, including the South Pacific, Europe, Africa, Mexico and South America. AdSouth has no marketing rights to these products in the United States. Great American's best selling product is its "Ultimate HGH" which has generated total sales in the United States in excess of $80mm, since its introduction.
John Acunto, AdSouth's CEO states, "Although we cannot be assured that we can produce the same sales levels internationally for the Ultimate HGH as Great American has in the United States, we believe that the product's success in the U.S. is a clear indicator that it is a marketable product. We believe that Ultimate HGH is a great way for us to begin marketing Great American's products internationally.
Stephan Karian, President and Founder of Great American Products states, "We see this as an opportunity to market our products abroad. As has always been our motto, we look for solid relationships and nurture them for the long term."
About AdSouth Partners
AdSouth Partners is a vertically integrated direct response marketing company that generates revenues from the placement of advertising, the production of advertisements, creative advertising and public relations consulting services. Since mid 2004, it has expanded its activities as it obtained the rights to products that it markets and sells to retail outlet
AdSouth Signs Distribution Deal with L'Avenir
Thursday February 24, 12:58 pm ET
BOCA RATON, Fla.--(BUSINESS WIRE)--Feb. 24, 2005--AdSouth Partners, Inc. (OTCBB "ADPR") and L'Avenir, LLC have signed an exclusive retail distribution deal covering the United States, Canada and Mexico for a period of two years. L'Avenir owns a proprietary technology utilized in skin care formulations and the secret is the incorporation of whole eggs. L'Avenir has developed a new line of skin care products exclusively for AdSouth targeted for the mass market. AdSouth will market the new line under its proprietary trademark "e70". AdSouth currently markets and distributes DermaFresh, Miko Brands and Simon Solutions. The "e70" product line will be added to the Derma Fresh Master brand line up of products - see www.dermafresh.com.
The L'Avenir line of products were developed to solve today's most common skin care problems including cellulite, psoriasis, eczema, rosacea, acne, thinning hair, wrinkles, arthritis and more. What sets L'Avenir apart from all others is the driving active ingredients. L'Avenir is the first company to successfully develop a unique process for incorporating whole eggs which consist of over 70 vitamins, minerals and proteins into a skin care formulation.
John Cammarano states, "We are excited about adding a patented high end product line to our current DermaFresh brand. L'Avenir has spent years developing its products and to date has never attempted a mass market release. The uniqueness of the ingredients and its proven benefits sets it apart from all other skin care products in the market. This ground breaking, innovative technology provides AdSouth with the arsenal to build a dynamic marketing campaign to support its retail distribution. AdSouth will introduce select SKU's to the market, initially launching unique cellulite and psoriasis creams."
Mr. Dan DelaRosa, Executive Vice President of L'Avenir, stated, "To date L'Avenir products have only been available through exclusive salons, spas and high-end pharmacies, by using these distribution channels the general public has had limited access to these products. We have been searching for several years now for a mass marketer like AdSouth Partners that has the ability to brand, penetrate a market quickly, and knows how to manage a campaign. We are excited about working with such a reputable and diverse company as AdSouth Partners. Together we can bring this cutting edge technology to the forefront of skincare today."
About L'Avenir
L'Avenir was founded in 1995 by its President Michael Marenick who developed the "Ovasome Tecnology" for his mother who suffered with psoriasis. From its inception, L'Avenir has developed a cult-like following with its customers, and were accepted enthusiastically and characterized by industry participants as something truly 'new and innovative'. The products have been seen on The View, Home Shopping Network, CNBC Television, Fox News and in numerous national publications including SELF Magazine, New York Magazine, Newsweek, Family Circle, Health Magazine and more.
AdSouth Acquires Miko Brands
Friday January 14, 8:00 am ET
BOCA RATON, Fla.--(BUSINESS WIRE)--Jan. 14, 2005--AdSouth Partners, Inc. (OTCBB "ADPR") is pleased to announce today that it has completed the acquisition of the assets of Miko Brands LLC. Miko Brands offers a line of marinade and dressing sauces which are already available in over 700 national and regional grocery stores in the Southeast and Midwest. AdSouth acquired the product for 950,000 shares of common stock. The principal of Miko Foods has agreed to continue with AdSouth as a consultant to help expand the brand.
John Acunto states, "We are excited to add Miko's products to our products division. Miko will provide our products division valuable shelf space and the ability to grow and develop the overall brand.
Miko was started 10 years ago as a single teriyaki sauce marketed in Bloomingdales and other high end retail stores. The line has since expanded into a curry ginger, wasabi, key lime ginger, soy, garlic peanut dressing, sesame dressing. The sauces can be seen on their website at www.mikofoods.com.
About AdSouth Partners
AdSouth Partners is a vertically integrated direct response marketing company that generates revenues from the placement of advertising, the production of advertisements, creative advertising and public relations consulting services and from the direct marketing sale of acquired rights to products. AdSouth Partners is developing a market niche by providing a full level of service quality to fulfill an existing need for the users of direct marketing services.
AdSouth Partners Signs Distribution Deal to Distribute DermaFresh to 10 Countries
Monday January 3, 11:34 am ET
BOCA RATON, Fla.--(BUSINESS WIRE)--Jan. 3, 2005--AdSouth Partners, Inc. (OTCBB "ADPR")
AdSouth is pleased to announce that it has signed a distribution agreement with Northern Response to distribute the entire line of DermaFresh products. The Agreement gives Northern Response exclusive distribution rights for the Derma Fresh line for sales to Canada, Holland, Belgium, Australia, South Africa, the Scandinavian countries, the Middle East and Korea, and non-exclusive distribution rights to sell to the United Kingdom and Japan. Northern Response uses DRTV (direct response television), shopping channels, retail stores and the internet to generate it sales. Northern Response currently distributes Tony Little products, EpilStop, Winsor Pilates, Turbo Cooker, and many more which can be viewed at shopnorthern.com.
John Cammarano, AdSouth's President, states, "Once a product or product line has proven successful in the U.S. and a complete roll-out is imminent, the natural progression is to solidify international distribution. I have personally worked with Richard Stacy and his team at Northern Response on sales programs and am confident that they will ensure a successful distribution throughout their territories."
John Acunto, AdSouth's CEO, states, "This is the first step in 2005 to begin the sales effort not just on US soil but around the world. DermaFresh products can benefit women around the world because it is an affordable solution. Northern Response has a great reputation in creating sales and retail demand around the world." John Acunto further states, "This agreement comes at the perfect time for us, as we are launching Pamela Anderson in the US and DermaFresh internationally. The fact that a reputable company can assume the sales burden gives us more time to focus on US efforts."
Chairman Update for AdSouth Partners
Thursday December 30, 3:18 pm ET
BOCA RATON, Fla.--(BUSINESS WIRE)--Dec. 30, 2004--AdSouth Partners, Inc. (OTCBB:ADPR - News) John Acunto, chairman of AdSouth Partners, reviewing the progress of the Company over the past year, noted that we have come a long way since our inception in July 2003.
In February 2004, we acquired the DermaFresh product line. We have expanded this line from the one product to seven at year end. These products are currently being distributed to more than 10,000 stores in major retail drug stores across the country. As part of the expansion of the Dermafresh line, we entered into a two-year exclusive distribution agreement with Simon Solutions for the DermaFresh Lip Plumping Solutions, for which Pamela Anderson is the spokesperson. The product's official launch and ship date begins January 1, 2005. We have already received retail orders from 10 major retailers for delivery in first quarter 2005. The Pamela Anderson campaign of advertising is currently underway in major publications, television and web advertising. Simon Solutions has advised us that it intends to release in 2005 several new products that will be marketed under the DermaFresh name.
John Acunto further stated that we are beginning to see new clients for our advertising and direct response division, largely as a result of our alliance with Manhattan Media. The overall goal of the advertising department has shifted somewhat in that our new goal is to develop and work with new or emerging direct response clients with a hope to assist their business in increasing their retail penetration or handle their entire retail marketing, thus offering a "one stop" approach covering advertising, marketing and distribution
AdSouth Partners Receives $5.4 Million Increase in Available Receivable Financing Facility
Wednesday January 26, 11:25 am ET
BOCA RATON, Fla.--(BUSINESS WIRE)--Jan. 26, 2005--AdSouth Partners, Inc. (OTCBB "ADPR") is pleased to announce that it has received approval from its receivable financing institution increasing the financing on eligible receivables from $2 million to $7.4 million. This increase includes the addition of $5 million of financing on potential orders from Wal-Mart and Ulta.
John Acunto, the Company's Chief Executive Officer stated, "This increased financing facility enables AdSouth to fulfill potential orders to the largest retailer in the world." "We are now in a position to accelerate our cash flows in the event we receive orders from the customers that were added to our receivables facility," he added.
The financing facility allows the Company to receive advance payments on orders that have been shipped and accelerates the timing of its cash flows.