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I like the tone of the pr regarding the US and labeling. Now that we have a footprint across Europe (with transparent labeling for Magic), this subjects the FDA to more ridicule/pressure.
"Why can Europe label "0 nicotine" while the US cannot? Is this a coverup for Big Tobacco?"
It would be good if the press wrote about this to further pressure on the FDA to grant VLN labeling, so our proprietary tobacco can be granted proper labeling by the FDA.
So I'm guessing Nora Sullivan is taking over Joe's seat on the Board. "Hatexxii" can chill out now that a Ivy League-educated MBA and JD with Wall Street experience and connections has taken over Joe's duties.
More interesting than the 2014 conference is the 2015 conference. XXII will present at 9 AM Thursday May 28th in the Carnegie Room:
http://www.marcumllp.com/MicroCap/presenting-companies
22nd Century Group to Present at Investor Conferences
Marcum MicroCap Conference will be held May 27th – 28th in New York City
LD Micro Invitational will be held June 1st – 3rd in Los Angeles
22nd Century Group, Inc. (NYSE MKT:XXII), a leader in tobacco harm reduction R&D and product development, announced today that the Company will make presentations at both the 2015 Marcum MicroCap Conference in New York City and the 5th Annual LD Micro Invitational in Los Angeles.
2015 Marcum MicroCap Conference
Location: Grand Hyatt, 109 East 42nd St, New York, NY 10017
Date: May 27-28, 2015
5th Annual LD Micro Invitational
Location: Luxe Sunset Blvd Hotel, 11461 Sunset Blvd, Los Angeles, CA 90049
Date: June 1-3, 2015
Both by-invitation-only investor conferences focus on promising, undervalued companies in the micro-cap space. Henry Sicignano III, President and Chief Executive Officer of 22nd Century Group, will deliver a formal presentation at each conference and will provide a business overview, highlights, and updates on the Company. In addition, Mr. Sicignano will be available for one-on-one meetings at each conference.
To arrange a one-on-one meeting with 22nd Century, please contact Andrew Haag at xxii@irthcommunications.com or 1-866-976-4784.
About 22nd Century Group, Inc.
22nd Century Group is a plant biotechnology company focused on technology which allows it to increase or decrease the level of nicotine in tobacco plants through genetic engineering and plant breeding. The Company’s mission is to reduce the harm caused by smoking. 22nd Century owns or exclusively controls 128 issued patents and 52 pending patent applications in 96 countries. The Company’s strong IP position led to a licensing agreement with British American Tobacco (“BAT”), the world’s second largest tobacco company. Visit www.xxiicentury.com for more information.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150520006648/en/
Investor Relations:
IRTH Communications
Andrew Haag, 866-976-4784
xxii@irthcommunications.com
or
Redington, Inc.
Tom Redington, 203-222-7399
SCDA seems to have quietly re-branded themselves as more of a IoT company and are moving away from the SCADA branding. The two are inter-related but I think B-Scada seems to realize there may be more upside in the future (in terms of both deal-making and interest in the stock) if they make this shift. That's just my observation with the latest group of pr's, alliances, and conferences...but I could be jumping to a conclusion there.
They have opened an office in Europe (Spain), expanded the number of employees in the Florida headquarters (including a new VP of sales), and released several upgraded versions of their software, as well as sponsoring and speaking at several industry conferences. Now that the foundation has been laid to take B-Scada to the next level, they need to close some meaningful deals to get the company back on track to solid financial footing and profitability.
I will also note that the company doesnt release all of their news as pr's for the newswire. You can find the latest news on their website: www.scada.com
Actually, at this point, the company has very minimal debt for a company just transitioning to a revenue-generating entity. XXII can turn profitable (overnight) with a licensing deal or one of their brands starting to catch on with consumers. Henry has 9 months before a need for additional capital. Hopefully by that time, the company has more cash reserves-whether from partnerships, strategic investment from BAT or another tobacco or pharma co, from sale of brands, private label manufacturing, etc-so no need for dilutive financing. Time will tell. XXII has a lot going for it so $1 seems like a great risk/reward. My average is $1.50, so I've been wrong so far.
(Is Mr. James still prohibiting insiders from marking open market purchases?)
As far as your concern for Joe on the Board, we all know the company is going through the motions until his time is expired. Not one mention of him on the conference call from either the company or investors, so you seem to be the only one still fretting over this matter.
22nd Century Group Files First Quarter 2015 Financial Results And Announces Conference Call to Provide Business Update
CLARENCE, N.Y.--(BUSINESS WIRE)--
22nd Century Group, Inc. (NYSE MKT:XXII) announced today that the Company filed its first quarter 2015 report on Form 10-Q with the U.S. Securities and Exchange Commission and will provide a business update for investors on a conference call to be held Tuesday, May 12th at 10:00 AM (EDT).
Henry Sicignano III, President and Chief Executive Officer of 22nd Century Group, together with John T. Brodfuehrer, Chief Financial Officer, will conduct the call. Interested parties are invited to participate in the call by dialing: 877-852-6583 and using Conference ID 7352193.
The conference call will consist of an overview summary of the financials presented in the Company's first quarter 2015 Form 10-Q and a discussion of business highlights and updates. Immediately thereafter, there will be a question and answer segment open to all callers.
As expected, revenues during the first quarter of 2015 were strong. While not currently at full production capacity, in the first quarter 2015 the Company’s factory began contract manufacturing a third-party MSA cigarette brand, continued contract manufacturing filtered cigars, and began producing RED SUN, our own proprietary cigarette brand. As a result, 22nd Century reported net revenue for the three months ended March 31, 2015 of $616,000 (as compared to revenues of $529,000 for the entire year of 2014). The Company reported a net loss for the three months ended March 31, 2015 of approximately $4.1 million (with approximately $2.6 million of such amount consisting of non-cash expenses) and utilized cash in operations of approximately $2.5 million with approximately $1.4 million of such amount representing the cash portion of the net loss, and approximately $1.1 million of such amount being used for working capital related to operations.
Going forward, the Company expects to generate revenue in excess of $1.5 million in the second quarter of 2015, and substantially more than $5 million in revenue for the year.
Business Highlights and Updates
The launch of MAGIC 0, the world’s lowest nicotine tobacco cigarette, has thus far exceeded expectations. As of late last week, MAGIC cigarettes are available to consumers at approximately 1,137 retail shops across Spain. The MAGIC cigarettes store count in Spain should exceed 2,500 by the end of this year.
Later this year, the Company anticipates expanding distribution of MAGIC cigarettes across Europe. Over the course of the next several months, management intends to begin distributing MAGIC cigarettes in the U.K., France, Italy and Belgium.
As the first company in more than six years approved to become a new signatory to the Master Settlement Agreement between the tobacco industry and the 46 Settling States (as a result of our acquisition of NASCO Products, LLC), 22nd Century moved forward with the regulatory process of listing our cigarette brands on the state tobacco directories of approved products in the 50 states. To date, the Company has succeeded in having RED SUN approved for sale in 49 states, in addition to the District of Columbia. Approval for the final state, Louisiana, is expected by this summer.
This summer, 22nd Century’s marketing team will add a significant consumer-oriented component to its domestic RED SUN advertising efforts. Having achieved distribution for RED SUN cigarettes in select markets across the U.S., the Company is now planning to speak directly to consumers – in retail stores in key demographic markets – in a campaign designed to convert premium-brand smokers to RED SUN.
As a part of this new consumer-focused marketing effort, the Company recently launched social media accounts on Facebook, Twitter, and Instagram. Links to each social media platform are available on our website at www.redsuncigarettes.com. Consumers can also find our social media accounts directly by searching for “RED SUN Cigarettes” from each social media site. For convenience, links to the Company’s Twitter and Facebook accounts are below (Instagram is primarily a mobile application; consequently it is not readily accessible from an outside link):
https://twitter.com/redsuncigs
https://www.facebook.com/pages/RED-SUN-Cigarettes/426836574134641
The Company is on schedule to submit an application to the FDA relating to its very low nicotine, modified risk cigarettes in development. The Company expects to present a completed application to the FDA this summer.
22nd Century continues to seek a suitable joint venture partner to fund a Phase III clinical trial for X-22, the Company’s tobacco-based smoking cessation aid in development. Management has engaged in, and continues to engage in, discussions with potential joint venture partners located in the United States, Europe, Asia and the Middle East.
22nd Century continues to move forward with potential joint venture opportunities in Asia. The Company is investigating potential business opportunities in China, South Korea and Japan for the Company’s unique tobaccos and finished cigarettes. The Company remains optimistic that it will be able to announce one or more business contracts with Asian partners in 2015.
First Quarter 2015 Financial Summary
For three months ended March 31, 2015, net revenue was $616,000 compared to $448,000 of net revenue for the three months ended March 31, 2014. The first quarter 2015 net revenues of $616,000 were generated from the manufacture and sale of a third-party MSA cigarette brand, filtered cigars, and our own proprietary cigarette brand, RED SUN. The first quarter 2014 net revenues consisted of $448,000 generated from the sale of SPECTRUM research cigarettes to the National Institute on Drug Abuse (“NIDA”).
For the three months ended March 31, 2015, we reported an operating loss of $4.1 million as compared to an operating loss in the amount of $1.2 million for the three months ended March 31, 2014. The increase in the operating loss of $2.9 million is primarily the result of increases in General and Administrative expenses of approximately $2.6 million (of which $2.1 million of the increase pertained to non-cash equity based compensation), and Sales and Marketing expenses of approximately $100,000, and a decrease in gross profit of approximately $300,000.
The Company’s net loss for the three months ended March 31, 2015 was $4.1 million, or ($0.06) per share, as compared to a net loss of $5.3 million, or ($0.09) per share, for the three months ended March 31, 2014; a decrease in the net loss of approximately $1.2 million. The reduction in the net loss is primarily attributable to a decrease in the non-cash change in the fair value of derivatives (warrant liability) in the approximate amount of $4.1 million, partially offset by the $2.9 million increase in the operating loss discussed in the previous paragraph.
Adjusted EBITDA (as described in the paragraph and tables below) for the three months ended March 31, 2015 was a negative $1.5 million, or ($0.02) per share, and a negative $0.8 million, or ($0.01) per share, for the three months ended March 31, 2014.
Below is a table containing information relating to the Company’s Adjusted EBITDA for the three months ended March 31, 2015 and 2014, including a reconciliation of net loss to Adjusted EBITDA for such periods.
Three Months Ended March 31,
2015
2014
% Change
Net loss $ (4,116,739 ) $ (5,315,128 ) -23 %
Adjustments:
Warrant liability (gain) loss - net (59,213 ) 4,067,270 -101 %
Warrant amendment inducement expense - 144,548 -100 %
Depreciation and amortization 160,891 71,269 126 %
Loss on equity investment 50,981 - 100 %
Interest expense 5,508 1,749 215 %
Stock based compensation 2,441,205 356,684 584 %
Gain on the sale of machinery and equipment - (85,621 ) -100 %
Adjusted EBITDA $ (1,517,367 ) $ (759,229 ) 100 %
Adjusted EBITDA is a financial measure not prepared in accordance with generally accepted accounting principles (“GAAP”). In order to calculate Adjusted EBITDA, the Company adjusts the net loss for certain non-cash and non-operating income and expense items listed in the table above in order to measure the Company’s operating performance. The Company believes that Adjusted EBITDA is an important measure that supplements discussion and analysis of its operations and enhances an understanding of its operating performance. While management considers Adjusted EBITDA to be important, it should be considered in addition to, but not as a substitute for or superior to, other measures of financial performance prepared in accordance with GAAP, such as operating loss, net loss and cash flows from operations. Adjusted EBITDA is susceptible to varying calculations and the Company’s measurement of Adjusted EBITDA may not be comparable to those of other companies
22nd Century Group CEO to Appear on Fox Business Network
Segment Covers the Launch of MAGIC 0.0 mg Nicotine Cigarettes in Europe
22nd Century Group, Inc. (NYSE MKT:XXII), a leader in very low nicotine tobacco technology and tobacco harm reduction, today announced that Stuart Varney of Fox Business’ “Varney & Co” will conduct a live interview with 22nd Century’s President and Chief Executive Officer, Henry Sicignano III, on Tuesday, April 28, 2015 at 12:50 pm EST. Mr. Sicignano will discuss the Company’s successful launch in Europe of MAGIC 0, its 0.0 mg nicotine cigarette, in addition to the Company’s important patent portfolio and its rapidly growing distribution network for RED SUN, the Company’s super-premium cigarette brand available in the United States.
MAGIC 0 cigarettes are the world’s only 0.0 mg nicotine tobacco cigarettes. This extraordinary new product is currently available to consumers at approximately 900 state-licensed tobacco retailers in Spain and will soon be launched in several other European countries. Designed to appeal to discriminating consumers and positioned to compete with premium cigarette brands, MAGIC 0 yields only 0.04 mg nicotine per cigarette – 95% less nicotine than conventional cigarette brands – which, pursuant to European Union regulations, is rounded to the nearest one-tenth, thereby resulting in MAGIC 0 tobacco cigarettes being labeled as having 0.0 mg nicotine per cigarette.
Professor David Sweanor, Adjunct Professor of Law at the University of Ottawa and a leading public health advocate, explained on this past Saturday, April 25th, in his keynote address at the Company’s annual shareholder meeting that 22nd Century enjoys the almost unprecedented opportunity “to do well for the Company and its shareholders… by doing good for smokers” by breaking the connection between smoking and the delivery of nicotine through its proprietary very low nicotine tobacco.
22nd Century Group boasts a very strong intellectual property portfolio and is focused on technology that allows the Company to increase or decrease the level of nicotine in tobacco plants through genetic engineering and plant breeding. Annual worldwide tobacco product sales, mostly of cigarettes, are approximately $800 billion. The smoking cessation market is estimated at $1 billion in the U.S. and $3+ billion globally and is forecast to grow to approximately $5 billion by 2020. With the corporate mission of “reducing the harm caused by smoking,” 22nd Century Group has a long-term focus on licensing, manufacturing and selling its very unique and proprietary tobacco and innovative cigarettes.
Varney & Co. with Stuart Varney programming details are as follows:
Date: Tuesday, April 28, 2015
Start Time: 12:50 pm EST
Live TV: Fox Business Network
Totally useless and superficial report, imo. "WealthMakers has received $1,116 per month for data provided six monthly reports." From who? I hope the company isnt paying for this.
Btw, XXII added Andrew Haag of IRTH as investor relations (who receives both stock and cash for their services). The last pr still includes Redington, Inc. And my proxy listed Nathan Schmitt as Investor Relations.
From what I found online, Andrew Haag of IRTH is located in China and speaks the language. Maybe he can drum up some investor interest on that side of the World?
Thanks for the correction. 2 out of 4 would still give XXII a home run of a return.
I took Henry at his word when he stated that XXII had 4 separate "billion dollar opportunities." He thought the company would achieve at least 3. Has the scale of that opportunity changed? If not, why would a shareholder be happy with 1/2 billion valuation in 5 years? At the current $80M+ market cap, there is a lot of stock appreciation to be had if Henry & Co were to hit 3 of the 4! The proof will have to be in the pudding.
Was there any discussion of the 2nd Asian (non-China) opportunity that has been previously mentioned? Probably no further info regarding BAT at this point, but hopefully the Magic launch in Europe will give BAT a kick in the pants and they start commercializing the technology themselves (so XXII isnt the only sole benefactor). Anything on finding an X-22 partner?
One of the nice things about vaping and e-liquids is the ability to choose your nicotine strength. Go into a vape shop or go online to buy e-liquid and you will be asked to choose a nicotine strength: 24mg, 18mg, 12mg, 9mg, 6mg, 3mg or 0mg. Its nice having this control - to increase your smoking pleasure or to ween yourself off of nicotine with a lower strength. Cigarette smokers do not have this freedom to customize their smoking experience. This is a big disadvantage, imo. I would think BAT etc would see XXII's tech as a big opportunity to create a whole new paradigm in smoking tobacco, using XXII's tech to give their brands a larger range, up and down the nicotine-strength latter. Smokers would appreciate being able to buy, say, a Lucky Strike 24 (24mg) or a Lucky Strike 3 (3mg). IMO
FDA takes cautious tone in initial Swedish Match review
http://www.reuters.com/article/2015/04/07/us-swedishmatch-fda-documents-idUSKBN0MY1ER20150407
Wednesday, April 1, 2015
CRYSTAL RIVER, FL: B-Scada, Inc. (OTCQB: SCDA) has announced the release of the latest version of their popular SCADA application, Status Enterprise. Several new features were announced, as well as several enhancements to usability. Status Enterprise is currently deployed worldwide in numerous industries including manufacturing, energy management, building automation, agriculture, finance, IT and more. Because Status Enterprise can solve such a wide range of industrial and commercial problems, B-Scada has been fortunate to interact with customers in many industries around the world, enabling them to build and improve Status Enterprise based on real world feedback. This latest version promises improved performance and several new features, including:
Enhanced appearance and usability of Scatter and Bubble Charts
Enhanced Workflow Performance and Usability
New Quality Alarm
Ability to Set Workflow Conditions Based on Data Quality
Web Support for the Set Value Button and Calendar Control
New Data Connector for B+B SmartWorx Sensors
B-Scada continues to innovate software solutions that are redefining the traditional boundaries of SCADA systems. With the ability to communicate with thousands of potential devices and databases, Status Enterprise connects industrial processes to business processes and users in real time, providing a data visualization platform that transforms operational data into actionable intelligence. Status Enterprise is improving efficiency, increasing productivity, and enhancing safety in workplaces daily.
Anyone know the tar and nicotine levels in Red Sun? Thanks.
SCDA has been acting like a dog. Its a tough balancing act to grow staff and locations like they have been doing, and at the same time remain profitable. Didnt happen last Q so the stock took a hit. The positive is Spain office is up and running and now SCDA is going after the big IoT market as well as continuing to sell their new version of Status. Big markets for a little company. Hoping for the best!
What's the deal with John Brodfuehrer, CFO/Treasurer? Total yearly compensation $186,000 bookkeeping for a company that, to date, has close to zero revenue. With all that free time on his hands, you'd think he would have noticed Pando's alleged looting of the companies resources?!
So I'm guessing insiders are still precluded from trading shares in the open market, as per corporate counsel? I remember Henry saying something about being "pretty certain" insiders would be buyers in the open market if the restrictions werent in place...and that was when the stock was $1 and before the recent round of generous options granting and official CEO appointment.
fyi, I contacted Roff via email a while ago and he responded that the CYXP was "a long time ago" and regulators made it very difficult for anything to happen with the shell....so, to me, it didnt sound like anything was going to happen (and I took a tax loss and sold my shares). Good luck.
Its in the filing from yesterday, about 2/3rd of the way down...
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10546014
Why is this bad news?
They stopped paying Puff severance "for cause." That saves the company money. Plus any countersuit victory may yield more cash for XXII (?) Seems like the only one that is going to suffer here is Puff with out-of-pocket lawyer fees fighting something he probably won't win. I trust in Tom James and his legal decisions here. That said, its time that could be spent on more productive initiatives..and Puff's ego has hindered the value of his own XXII's shares, of which he owns a mountain of.
2015 Annual Meeting filing:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10546014
Anyone voting their shares in favor of Puff as Director?
----------
NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
_____________
The 2015 annual meeting of stockholders of 22nd Century Group, Inc. (the “Company”) will be held at The Buffalo Club, 388 Delaware Avenue, Buffalo, New York 14202, on Saturday, April 25, 2015, beginning at 2:00 P.M. local time. Please note that The Buffalo Club has a mandatory dress code for entry into the annual meeting. Men must wear dress pants, coat and tie. Women must wear dresses, business suits, dress pants with blazers or formal pantsuits. At the meeting, the holders of the Company’s outstanding common stock will act on the following matters:
(1) The election of the two nominees named in the attached proxy statement as Directors to serve terms expiring at the annual meeting of stockholders to be held in 2018 and until their successors have been elected and qualified;
(2) The approval, on an advisory basis, of the 2014 compensation of the Company’s named executive officers;
(3) The ratification of the appointment of Freed Maxick CPAs, P.C. as the Company’s independent registered certified public firm for fiscal 2015; and
(4) The transaction of any other business as may properly come before the meeting or any adjournment or postponement thereof.
Stockholders of record at the close of business on February 26, 2015 are entitled to notice of and to vote at the annual meeting and any postponements or adjournments thereof.
re: "option grants aren't the same as open market purchases"
They are a world of difference. Open market purchases show conviction, granting options to officers do not. My question remains, how can there be a restriction on open market purchases yet no restriction on options granting during the same restricted period? Seems like anything related to aquiring or selling stock - whether options grants or open market buys/sells - should be off limits during this time...?
Can someone clarify the legalese here?
XXII lawyer Thomas James restricts insiders from open market purchases because officers have "insider information." Then Thomas James signs off on options grants to officers during this same restricted time. Doesnt seem to add up. What am I missing?
I'd prefer they hired a CEO, but an IR guy is a step in the right direction, I guess.
I just emailed a couple of local specialty tobacco shops in my area, asking if they carry Red Sun. Not expecting much at this point but it certainly wouldnt hurt if everyone did the same (or call). Helps get the word out about the brand.
I hope its not Henry's mother-in-law, who was (possibly one of the family members) buying @ $2. No pumpkin pie for Henry next Thanksgiving!
Henry was "100% sure" XXII would go up (from $1) on the recent CC, so not much room for error there. The pressure is on.
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS.
Phillip Brown has been hired by the Company as Vice President of Sales. He will commence work with the Company as a full-time employee at will on March 2, 2015. Mr. Brown, age 54, was a lead salesman/product manager for InSource Software Solutions from 2011 to 2013 and was an industrial computer hardware salesman for InSource Software Solutions from 2007 to 2011. Prior to 2007 he was a lead salesman and product manager for controls hardware/software for Cross Automation (formerly called Motionex, Inc.). He has been an independent consultant since 2013.
ITEM 8.01 OTHER EVENTS.
On February 6, 2015 Debra Gardner resigned as Corporate Investor Relations Officer of the Company in order to pursue other opportunities.
----------
https://www.linkedin.com/in/phillipalanbrown
Joe has a finite amount of shares. Every share sold is less ownership in XXII for him, and that's what most people want anyway. It hurts temporarily but the pain is over quicker if he gets aggressive. What would really help stem the bleeding-both in terms of absorbing shares AND showing support to shareholders and in the company's future-would be open market purchases by those at the helm of this company. That hasnt happened to date.
Pretty pathetic if the "The Executive Committee" hasnt done anything about the CEO situation since October, and "expects" to hire a third party (at shareholder's expense) to do the workload of finding a replacement for Big Puff. One issue I have with XXII is the lack of leadership behind Henry. There have been no insider buys, and many of the folks listed with bios on XXII's corporate website have very few shares. If they dont have much skin in the game, they don't feel the urgency we shareholders feel, and have not felt the pain of seeing gains slip away. And the $1 range in share price isnt compelling enough for them to buy shares. Not much confidence and support being shown by XXII executives and Board.
More news. Check out the url at the very bottom to learn more about B-Scada's new initiative on IoT (and their trademarked "VoT")
B-Scada Announces Launch of Innovative New IoT Initiative
8:10a ET January 28, 2015 (GlobeNewswire) Print
B-Scada, Inc. (OTCQB:SCDA) has announced the launch of a new initiative for the Internet of Things (IoT). The initiative allows real world objects and other sources of data to be represented in a virtual model that retrieves live data from any number of different sources. Virtualization enables real-time monitoring and management of these objects in a structured environment that can include any number of items at any number of locations. The initiative, known as VoT (Virtualization of Things), leverages B-Scada's software technology to create an open system that consolidates and organizes disparate data, transforming it into actionable information that can be visualized in customizable user interfaces on any device from anywhere with a web connection.
B-Scada's VoT technology is available as an extensible, open platform that allows users to create their own custom IoT applications, or it can be deployed as a hosted, cloud-based solution implemented and managed by B-Scada.
The VoT Platform can receive data from hundreds of potential data sources, and new or custom data sources can be added with relative ease. By managing people, places, and/or things in a virtualized environment, users are creating a unified data management system that allows any and all virtualized data to access the many features of the VoT Platform, including:
-- Alarming
-- Analytics
-- Reporting
-- Time-based or Condition-based Workflow
-- Security (User Roles and Workspaces)
-- Web Accessibility on Any Device
Virtualization is the enabling technology that makes the Internet of Things a tangible reality. With this initiative, B-Scada introduces a new generation of software that will transform the way we live and work with the world around us. To learn more about VoT, visit: http://votplatform.com
Interesting B-Scada has 19 employees now. Thats a big jump. Sounds like they are getting into the Internet of Things area. I like the opportunity they have in front of them, and they seem to be confidently going after it. Just hoping they can diversity their customer-base this year so they arent so reliant on their top 3 costumers.
I need to comb through the 10-K again but the tone continues to be a company on the rise...and with SCADA and IoT projected to grow quite a bit in the next several years, SCDA could gain some attention from the investors and traders.
B-Scada’s Fiscal Year-End 2014 Results Include Record-Setting Quarter
Tuesday, January 27, 2015
CRYSTAL RIVER, FL: B-Scada, Inc.(OTCB:SCDA), a software solutions provider specializing in compelling visualization technology and HMI/SCADA products, today reported financial results for its year-end 2014 (FYE14) compared to year-end 2013 (FYE13). Some of the 2014 highlights included in the report:
FYE14 highlights compared with FYE13:
Revenues were $2.038 million, an increase of $490,040 or 32% from $1.548 million
Service revenues were generated from implementation of our software products and custom training provided to customers
Net Income increased 18% to $1,029,563 an increase of $158,315 from $871,248
2014 Q4 was a record-setting quarter for B-Scada, with quarterly revenue reaching $620,000
B-Scada's release of Status Enterprise in early 2014 has been received well by the marketplace and currently has multiple deployments throughout various industries. Status Enterprise is currently deployed for power plant monitoring, glass manufacturing, boiler monitoring, plastic molding and more.
As we have become more widely known we've also implemented several pilot programs in multiple countries and varying market sectors, including energy and water management, robotic stamping, fleet management, and mining, with more than a dozen other pilot programs around the world.
"We feel that B-Scada is positioned quite well to take advantage of new developments in the marketplace. With many companies expecting to invest heavily in M2M (machine-to-machine) and IoT (Internet of Things) projects in the coming year, there is likely to be significant interest in the open platform that we provide," said Ron DeSerranno, CEO. "The increases in revenue we are seeing are a reflection of the growing demand for our technology, as well as the increased confidence the market has in our products and expertise,"
If you google this Osgood Schlodder character, all the results point you towards a painful childhood disease (even though the spelling is slightly different). How did they come up with that name? Is there a hidden meaning here, or just an ill-advised name choice?
https://www.google.com/search?q=Osgood+Schlodder&ie=utf-8&oe=utf-8#q=%22Osgood+Schlodder%22
January 20, 2015
CLARENCE, N.Y. – 22nd Century Group, Inc. (NYSE MKT: XXII) today announced that its factory in North Carolina, which is now a participating manufacturer under the U.S. tobacco Master Settlement Agreement (“MSA”), has begun shipping RED SUN super-premium cigarettes.
Designed to appeal to discriminating consumers and positioned to compete with leading brands like Marlboro,® Camel,® and Natural American Spirit,® RED SUN is initially being offered to independent distributors and specialty retailers located in select markets such as New York City, Los Angeles, San Diego, Las Vegas, Boulder and Portland.
RK Company, Inc, d.b.a. Cigar Cartel, a licensed stamping agent in California, Washington, Oregon, Idaho, Arizona, Texas, Nevada, and Wyoming and once the largest independent distributor of Natural American Spirit cigarettes in Southern California, was among the first to order RED SUN. Trey Prevost, the President and owner of RK Co, Inc., stated “RED SUN is exactly what my customers want: A great tasting, highly differentiated product that is exclusive to specialty stores… a much better cigarette than the mass market brands… made by a company that truly values its retailer and distributor partners. The 22nd Century Group Trade Partners Program makes it a no-brainer for retailers to carry and promote RED SUN.”
Last week the Company established its Trade Partners Program as a strategic incentive plan to give eligible cigarette distributors and retailers the opportunity to earn publicly tradable shares of the Company's common stock in consideration for purchases of the Company's RED SUN brand of cigarettes. Participating distributors will earn $1.00 worth of 22nd Century common stock as a rebate for each carton of RED SUN purchased in 2015 and participating retailers will earn $3.00 worth of 22nd Century common stock as a rebate for each carton of RED SUN purchased in 2015.
Mr. Prevost went on to explain, “I am a strong believer in 22nd Century Group and in the Company’s mission to manufacture and market tobacco products with the potential to reduce the harm caused by smoking; it is no secret that I have already purchased tens of thousands of dollars of the Company’s stock on the open market.”
As part of 22nd Century’s marketing initiative to promote RED SUN in its target markets, the RED SUN website at www.redsuncigarettes.com has been revised and expanded to include explanations about product attributes that make RED SUN and 22nd Century Group unique, as well as irreverent humor designed to have some fun at the expense of the “Big Tobacco” companies.
Henry Sicignano, III, the President and Chief Operating Officer of 22nd Century, explained “In the spirit of all the Davids who have ever stood up to the Goliaths of the world, I like to think that our unsurpassed quality distinguishes RED SUN cigarettes in much the same way that distinctive, flavorful beers separate Sam Adams® from mass market brands.”
Designed to be both informative and amusing, the RED SUN website aims to spark dialogue and interaction with consumers. To inspire increased discussions about the RED SUN brand, the newly enhanced website also announces a “no purchase necessary” consumer contest that promises the winner an all-expense paid trip for two adults to the land of the “Red Sun.” Finally, www.redsuncigarettes.com provides a password protected “trade portal” for licensed tobacco resellers.
22nd Century also announced this week that its wholly-owned subsidiary, Goodrich Tobacco Company, will attend the Tobacco Plus Convenience Expo in Las Vegas on January 28-29, 2015. RED SUN cigarettes will be offered for sampling and sale at this for-the-trade only exposition. Company representatives will also be on hand to discuss the RED SUN Trade Partners Program with all interested, eligible retailers and distributors in attendance.
For additional information about 22nd Century Group, please visit: www.xxiicentury.com
The "less tar" and "less smoke" will get smokers to want to try it and (hopefully) switch. I was under the impression that calling Red Sun a "reduced risk" product wouldn't be permitted until the FDA gave them the permission to do so. Am I wrong?
There has been ZERO insider buys, specifically none from the Board of Directors. Do these guys believe in the company's future? Some have very few shares and apparently the $1.30's aren't compelling enough. If they had added @ $2, I think we'd have support @ $2 now despite Joe's selling. I will keep it in mind during the next vote to re-elect the BOD.
On the December "emergency call," Henry stated -very specifically- Jan 10th as the nationwide launch date for Red Sun. I know the last pr just said "January" but he pledged complete transparency after so many management embellishments before...so maybe some people have had it and throwing in the towel before any launch. Despite all this, I continue to hold and wait for some tangible revenue news and partnership news in the very near future.
Well written overview. I think this is new:
http://en.wikipedia.org/wiki/B-Scada