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That was a very unexpected post.
Thanks for making me laugh.
Its free for the first 7 days.
We will never recommend a stock.
CEO Bud Mayo talks with the Opportunist’s Managing Editor Leslie Stone about how his company is redefining the movie theater experience and his vision to build a media powerhouse.
http://opportunistmagazine.com/bud-mayo-name/
Thanks, but buy DCIN
NYCtrayder I would be buying more SIMH At this level!
Sanomedics SIMH Is a Buy.
Watch the stock Rock next.
Trading_Up is a buyer
Here is a Money Maker!
Put Sanomedics SIMH on your RADAR!
at $1.60 this stock a buy with short term UpSide to 3.50
Trading_Up is a buyer
Here is a Nice Trade.
Put Sanomedics SIMH on your RADAR!
at $1.60 this stock a buy with short term UpSide to 3.50
Trading_Up is a buyer
Put Sanomedics SIMH on your RADAR!
at $1.60 this stock a buy with short term UpSide to 3.50
Trading_Up is a buyer
SanoMedics SIMH is a Buy!
Stock has short-term upside 3.50.
This a swing trade.
Don't miss out.
Trading_up is a buyer.
I agree SIMH is a BUY!.
Stock has short-term upside to 3.50
CGIX is a Buy
Cancer Genetics article in the Opportunist Magazine.
http://opportunistmagazine.com/panna-sharma-ceo-of-cancer-genetics-inc-name/
Cancer Genetics article in the Opportunist Magazine.
http://opportunistmagazine.com/panna-sharma-ceo-of-cancer-genetics-inc-name/
Cancer Genetics article in the Opportunist Magazine.
http://opportunistmagazine.com/panna-sharma-ceo-of-cancer-genetics-inc-name/
SIMH is poised for another run.
Look for stock to break out.
I'm a buyer.
Trading UP
Sanomedics International Holdings, Inc. (OTC QB: SIMH)
SIMH Research Links:
- News and Stock Info
Company Website
- SIMH Website
Contact Us
RedChip Companies, Inc.
500 Winderley Place
Ste 100
Maitland, FL 32751
Phone (800) RED-CHIP
(800) 733-2447
www.redchip.com
info@redchip.com
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Sanomedics Signs Definitive Agreement to Acquire Prime Time Medical
4/29/2013 5:53:00 AM
MIAMI, April 29, 2013 /PRNewswire/ -- Sanomedics International Holdings, Inc. (SIMH) ("Sanomedics"), a medical technology holding company that focuses on game-changing products, services and ideas, announced that it has entered into a definitive agreement to acquire Prime Time Medical, Inc., of Largo, Florida ("Prime Time") for an aggregate purchase price of $3,000,000, which includes the issuance of $750,000 in common shares of Sanomedics (approximately 468,000 shares), $1 million in seller debt, and $1,250,000 cash consideration payable within 90 days (subject to certain adjustments). The transaction is expected to close during Sanomedics' fiscal second quarter ending June 30, 2013, and is subject to customary closing conditions. Prime Time generated approximately $5 million in annual revenue in 2012.
Summary of the Acquisition
Prime Time Medical, Inc., is a leading Durable Medical Equipment (DME) provider of home medical equipment with products such as power wheel chairs and scooters specializing in complex rehab products, respiratory equipment including oxygen concentrators and nebulizer compressors, diabetic supplies, hospital beds, bariatric equipment, walkers, CPMs, commodes, manual wheel chairs and support surface products for wound care management, servicing consumers throughout West Central Florida and aggressively expanding throughout the state. Since its inception, Prime Time has maintained the requisite licensure as a qualified DME provider from the State of Florida and National Supplier Clearinghouse for processing of Medicare claims.
Prime Time's leadership team has combined industry experience of over 60 years. Prime Time is led by Mark Miklos, President, who has over 20 years of industry experience in the healthcare and medical equipment field. Mr. Miklos is a former principle of a very successful specialty pharmacy and billing company and previously the CFO of a mail order specialty pharmacy. In addition to Mr. Miklos' management responsibilities over Prime Time, he is expected to assist in business development and investigation of M&A activities for Sanomedics.
"This transaction opens an exciting new chapter for Prime Time and our customers," stated Mr. Miklos. "We are committed to continued growth, and I believe our efforts will be better supported by partnering with Sanomedics in our shared vision. While we remain focused on the execution of our long-term strategy, we will deliver immediate value to shareholders. We are currently achieving one of our highest months of revenue at Prime Time and expect to nearly double our sales to approximately $10 million in 2013."
The management team of Prime Time will continue to operate the day-to-day business as a wholly owned subsidiary of Anovent, Inc. ("Anovent"), a subsidiary of Sanomedics.
Keith Houlihan, Co-founder and President of Sanomedics, stated, "The accretive acquisition of Prime Time is an exciting addition to Sanomedics' and Anovent's product and service offerings. Prime Time is the first in a series of acquisitions, and it strengthens our position to take advantage of the market opportunities ahead. We are pleased to have a talented, experienced and motivated team join Sanomedics and believe they will play a key role in implementing our growth strategy."
About Sanomedics International Holdings, Inc.
Sanomedics International Holdings, Inc. (SIMH) is a medical technology holding company that focuses on game changing products, services and ideas - a place where physicians, entrepreneurs, and medical companies can work together to drive innovative technologies through concept, development, and ultimately commercialization. We plan to grow our existing business organically and through strategic acquisitions specifically relating to sleep disorder diagnosis treatments. Sanomedics seeks to acquire sleep therapy operating businesses and our strategy is to integrate a portfolio of world-class products and service providers in the growing Sleep Apnea market. Our goal is to provide Sleep Apnea patients with a reliable and integrated "end-to-end" service platform.
About Prime Time Medical, Inc.
Prime Time Medical, Inc., is a leading Durable Medical Equipment (DME) provider of home medical equipment with products such as power wheel chairs and scooters specializing in complex rehab products, respiratory equipment including oxygen concentrators and nebulizer compressors, diabetic supplies, hospital beds, bariatric equipment, walkers, CPMs, commodes, manual wheel chairs and support surface products for wound care management, servicing consumers throughout West Central Florida and aggressively expanding throughout the state.
Forward Looking Statements
This press release may contain statements which constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the intent, belief or current expectations of the Company, its directors, or its officers with respect to the future operating performance of the Company. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties (for example, the risk that the acquisition of Prime Time is not consummated), and that actual results may differ materially from those in the forward-looking statements as a result of various factors. The Company's periodic filings with the Securities and Exchange Commission should be viewed for a complete understanding of risk and uncertainty.
Contact: Keith Houlihan, 305-433-7814, info@sanomedics.com
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Maitland, FL 32751, (800) 733-2447,
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Sanomedics International Holdings, Inc. to Acquire Prime Time Medical, Inc.
Date : 04/18/2013 @ 1:56PM
Source : PR Newswire (US)
Stock : Sanomedics International Holdings (QB) (SIMH)
Quote : 1.59 0.0 (0.00%) @ 5:32AM
Sanomedics International Holdings, Inc. to Acquire Prime Time Medical, Inc.
Print
Alert
Sanomedics International Holdings (QB) (USOTC:SIMH)
Historical Stock Chart
1 Month : From Mar 2013 to Apr 2013
Click Here for more Sanomedics International Holdings (QB) Charts.
MIAMI, April 18, 2013 /PRNewswire/ -- Sanomedics International Holdings, Inc. (OTCQB: SIMH), a medical technology holding Company that focuses on game changing products, services and ideas, announced that it has agreed upon terms of the definitive agreement to acquire Prime Time Medical, Inc. for an aggregate purchase price of $3,000,000 (subject to certain adjustments). Prime Time's revenue for fiscal 2012 was approximately $5 million USD. A tentative closing for the acquisition has been scheduled for Wednesday April 24, 2013.
Sanomedics International Holdings Keith Houlihan, Co-founder and President stated, "Prime Time Medical Inc., is another step in our continual process of expanding our portfolio while we implement our growth strategy. This acquisition is highly complementary to our business and furthers our ability towards a national expansion of our services. We look forward to the assistance of the management of Prime Time in implementing our core strategy."
About Sanomedics International Holdings, Inc.
Sanomedics International Holdings, Inc. (SIMH) is a medical technology holding company that focuses on game changing products, services and ideas - a place where physicians, entrepreneurs, and medical companies can work together to drive innovative technologies through concept, development, and ultimately commercialization. We plan to grow our existing business organically and through strategic acquisitions specifically relating to sleep disorder diagnosis treatments. Sanomedics seeks to acquire sleep therapy operating businesses and our strategy is to integrate a portfolio of world-class products and service providers in the growing Sleep Apnea market. Our goal is to provide Sleep Apnea patients with a reliable and integrated "end-to-end" service platform.
About Prime Time Medical, Inc.
Prime Time Medical, Inc., is a leading Durable Medical Equipment (DME) provider of home medical equipment with products such as electric wheelchairs, portable oxygen concentrators, compressors, diabetic supplies, respiratory products and mobility vehicles servicing consumers throughout West Central Florida.
Forward Looking Statements This press release may contain statements which constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the intent, belief or current expectations of the Company, its directors, or its officers with respect to the future operating performance of the Company. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties (for example, the risk that the acquisition of Prime Time is not consummated), and that actual results may differ materially from those in the forward-looking statements as a result of various factors. The Company's periodic filings with the Securities and Exchange Commission should be viewed for a complete understanding of risk and uncertainty.
Contact: Keith Houlihan, 305-433-7814, keith@sanomedics.com
SOURCE Sanomedics International Holdings, Inc.
Volume Alert.
Looks like Quamtel, Inc. (QUMI) is trying to break out.
Look for stock to trade up to .25
DataJack, Inc., Signs Distribution Agreement With iTeknik Holding Corp.
Agreement Markets DataJack(TM) MIFI Hotspots and Wireless Service to Extensive Independent Retail Store Network
Aug 30, 2012 8:25:00 AM
2012 GlobeNewswire, Inc.
DALLAS, Aug. 30, 2012 (GLOBE NEWSWIRE) -- DataJack, Inc., a subsidiary of Quamtel, Inc. (OTCBB:QUMI), announced today that it has signed a distribution agreement with iTeknik Holding Corporation, opening an additional 3,000 retail locations for consumers to purchase DataJack's services nationwide.
The distribution agreement provides that iTeknik's subsidiary, Send Global, will sell DataJack™, a fast growing, prepaid mobile WIFI Service available on the nationwide Sprint 3G wireless network, to more than 3,000 independent retailers in the Send Global network.
Fredrick W. Wicks, Chairman and CEO of iTeknik Holding Corporation, commented, "DataJack™ is a key piece in our strategy to provide more hardware and related services to our independent retail store network. Now that we have updated our EZposa software system, we can quickly add DataJack™ and other strong products to our retail portal. This gives us a great opportunity to increase our revenues through hardware and monthly service fees."
DataJack™ (http://www.datajack.com/) is a product of Quamtel, Inc., a Texas based telecom provider. DataJack™ features:
No contract, no activation fees and no roaming fees
MIFI Hotspot and mobile broadband router
Four data plans
DataJack™ gives Send Global retailers a competitive advantage because:
There are no contracts or credit checks needed to purchase DataJack™
Most Send Global competitors don't offer MIFI Hotspot's and monthly wireless service for retail outlets to sell
"DataJack™ provides high-speed, affordable Internet on the go to consumers using a PC, MAC, or any WIFI enabled device such as an iPad, tablet, smartphone or netbook with coverage to 280 million people in more than12,900 cities nationwide. It's an ideal product for the more than 3,000 independent retailers that are in the Send Global network, and we are pleased to sign this agreement with Send Global," stated Stuart Ehrlich, CEO of Quamtel, Inc.
DataJack™ has recently been reviewed on CNET Marketplace and can be viewed at:
http://reviews.cnet.com/8301-33153_7-57409313-10391733/get-a-datajack-mifi-hotspot-for-$49.99/.
DataJack™ was also featured on WPIX-TV in New York and can be viewed at:
http://www.wpix.com/news/morningnews/wpix-couponology-051712,0,5998498.story
About: - DataJack Inc., a subsidiary of Quamtel, Inc., is a provider of prepaid mobile broadband Internet access offering data coverage to 280 million people. DataJack provides high-speed, affordable Internet on the go to consumers using a PC, MAC, or any WIFI enabled device such as an iPad, tablet, smartphone or netbook. Consumers can purchase a DataJack MIFI Mobile Hotspot which can connect up to 5 WiFi-enabled devices simultaneously or they can purchase a DataJack USB modem which allows a single connection to most PC and MAC computers. For more information or to sign up, please visit www.Datajack.com.
About: - iTeknik Holding Corporation., was formed to develop and launch new technology and products in the global communications market. Through its Send Global subsidiary, iTeknik provides wholesale and retail telecommunications services, and products worldwide. Its services include voice over Internet protocol origination and termination; A-Z routing and switching; wholesale carrier routing services; reseller billing and reporting; Web-based reseller solutions; prepaid calling card solutions; international cellular calling; and retail point of sale solutions.
Safe Harbor: Statements about the Company's future expectations and all other statements in this press release other than historical facts, are 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words 'anticipate,' 'estimate,' 'expect,' 'intend,' 'plans,' 'projects,' and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
CONTACT:
Stuart Ehrlich
www.Quamtel.com
Info@quamtel.com
This information was brought to you by Cision http://www.cisionwire.com
http://www.cisionwire.com/quamtel/r/datajack--inc--signs-distribution-agreement-with-iteknik-holding-corp-,c9299115
Source: Quamtel
DataJack, Inc., Signs Distribution Agreement With iTeknik Holding Corp.
Agreement Markets DataJack(TM) MIFI Hotspots and Wireless Service to Extensive Independent Retail Store Network
Aug 30, 2012 8:25:00 AM
2012 GlobeNewswire, Inc.
DALLAS, Aug. 30, 2012 (GLOBE NEWSWIRE) -- DataJack, Inc., a subsidiary of Quamtel, Inc. (OTCBB:QUMI), announced today that it has signed a distribution agreement with iTeknik Holding Corporation, opening an additional 3,000 retail locations for consumers to purchase DataJack's services nationwide.
The distribution agreement provides that iTeknik's subsidiary, Send Global, will sell DataJack™, a fast growing, prepaid mobile WIFI Service available on the nationwide Sprint 3G wireless network, to more than 3,000 independent retailers in the Send Global network.
Fredrick W. Wicks, Chairman and CEO of iTeknik Holding Corporation, commented, "DataJack™ is a key piece in our strategy to provide more hardware and related services to our independent retail store network. Now that we have updated our EZposa software system, we can quickly add DataJack™ and other strong products to our retail portal. This gives us a great opportunity to increase our revenues through hardware and monthly service fees."
DataJack™ (http://www.datajack.com/) is a product of Quamtel, Inc., a Texas based telecom provider. DataJack™ features:
No contract, no activation fees and no roaming fees
MIFI Hotspot and mobile broadband router
Four data plans
DataJack™ gives Send Global retailers a competitive advantage because:
There are no contracts or credit checks needed to purchase DataJack™
Most Send Global competitors don't offer MIFI Hotspot's and monthly wireless service for retail outlets to sell
"DataJack™ provides high-speed, affordable Internet on the go to consumers using a PC, MAC, or any WIFI enabled device such as an iPad, tablet, smartphone or netbook with coverage to 280 million people in more than12,900 cities nationwide. It's an ideal product for the more than 3,000 independent retailers that are in the Send Global network, and we are pleased to sign this agreement with Send Global," stated Stuart Ehrlich, CEO of Quamtel, Inc.
DataJack™ has recently been reviewed on CNET Marketplace and can be viewed at:
http://reviews.cnet.com/8301-33153_7-57409313-10391733/get-a-datajack-mifi-hotspot-for-$49.99/.
DataJack™ was also featured on WPIX-TV in New York and can be viewed at:
http://www.wpix.com/news/morningnews/wpix-couponology-051712,0,5998498.story
About: - DataJack Inc., a subsidiary of Quamtel, Inc., is a provider of prepaid mobile broadband Internet access offering data coverage to 280 million people. DataJack provides high-speed, affordable Internet on the go to consumers using a PC, MAC, or any WIFI enabled device such as an iPad, tablet, smartphone or netbook. Consumers can purchase a DataJack MIFI Mobile Hotspot which can connect up to 5 WiFi-enabled devices simultaneously or they can purchase a DataJack USB modem which allows a single connection to most PC and MAC computers. For more information or to sign up, please visit www.Datajack.com.
About: - iTeknik Holding Corporation., was formed to develop and launch new technology and products in the global communications market. Through its Send Global subsidiary, iTeknik provides wholesale and retail telecommunications services, and products worldwide. Its services include voice over Internet protocol origination and termination; A-Z routing and switching; wholesale carrier routing services; reseller billing and reporting; Web-based reseller solutions; prepaid calling card solutions; international cellular calling; and retail point of sale solutions.
Safe Harbor: Statements about the Company's future expectations and all other statements in this press release other than historical facts, are 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words 'anticipate,' 'estimate,' 'expect,' 'intend,' 'plans,' 'projects,' and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
CONTACT:
Stuart Ehrlich
www.Quamtel.com
Info@quamtel.com
This information was brought to you by Cision http://www.cisionwire.com
http://www.cisionwire.com/quamtel/r/datajack--inc--signs-distribution-agreement-with-iteknik-holding-corp-,c9299115
Source: Quamtel
http://www.alphatrade.com/ads/Quamtel/thanks.php
Not a buck fifty....15 cents. an easy double.
Your correct...Its not going to 1.50 any time soon.
Quamtel QUMI is trading up.
Looks like it is heading for .15
Sounds like a home run.
Nice trade: Quamtel, Inc. Announces Preliminary Results for the Six Month Period Ended June 30, 2012
Revenue Growth Climbs 46% Through Period
Jul 17, 2012 10:20:00 AM
2012 GlobeNewswire, Inc.
DALLAS, July 17, 2012 (GLOBE NEWSWIRE) -- Quamtel Inc. (OTCBB:QUMI), today announced preliminary information relating to the six month period ending June 30, 2012.
Nice trade: Quamtel, Inc. Announces Preliminary Results for the Six Month Period Ended June 30, 2012
Revenue Growth Climbs 46% Through Period
Jul 17, 2012 10:20:00 AM
2012 GlobeNewswire, Inc.
DALLAS, July 17, 2012 (GLOBE NEWSWIRE) -- Quamtel Inc. (OTCBB:QUMI), today announced preliminary information relating to the six month period ending June 30, 2012.
Quamtel, Inc. Announces Preliminary Results for the Six Month Period Ended June 30, 2012
Revenue Growth Climbs 46% Through Period
Jul 17, 2012 10:20:00 AM
2012 GlobeNewswire, Inc.
Close Ad
APTD - Awareness Campaing
DALLAS, July 17, 2012 (GLOBE NEWSWIRE) -- Quamtel Inc. (OTCBB:QUMI), today announced preliminary information relating to the six month period ending June 30, 2012.
Looks like Quamtel, Inc. is make a big move with revenues increasing the stock should trend up.
I'm a buyer.
Quamtel, Inc. Announces Preliminary Results for the Six Month Period Ended June 30, 2012
Revenue Growth Climbs 46% Through Period
Jul 17, 2012 10:20:00 AM
2012 GlobeNewswire, Inc.
Close Ad
APTD - Awareness Campaing
DALLAS, July 17, 2012 (GLOBE NEWSWIRE) -- Quamtel Inc. (OTCBB:QUMI), today announced preliminary information relating to the six month period ending June 30, 2012.
Stuart Ehrlich, Quamtel's Chief Executive Officer, commented, "We believe our performance through the period has set the stage for future growth through increased online sales, wireless store distribution, affiliate network growth and strong product demand."
For the six month period ended June 30, 2012, revenue rose approximately 46%, to $1,227,465, an increase of $387,091, versus $840,374 for the comparable six month period of 2011. The increase in revenue was primarily attributable to revenue growth from our DataJack, Inc. subsidiary.
First quarter revenues were $622,817 versus $436,372 for the comparable period last year, an increase of $186,445. Second quarter revenues were $604,648 versus $404,002 for the comparable period last year, an increase of $200,646.
"While the domestic and world economies appear to be in a state of financial limbo, the consumer appetite for mobile broadband Internet access continues to remain strong and seems to be continuing to expand. We are pleased to be in the center of that market sector and that our revenue growth reflects the strong demand from our DataJack, Inc. subsidiary," continued Mr. Ehrlich. "We are pleased to have delivered strong growth in our first six months of 2012, and plan to continue to implement our strategic initiatives towards continued revenue growth, extending market share, and growing retail and online distribution channels, with a focused goal towards sustainable profitability."
About: - DataJack Inc., a subsidiary of Quamtel, Inc., is a provider of prepaid mobile broadband Internet access offering data coverage to 280 million people. DataJack provides high-speed, affordable Internet on the go to consumers using a PC, MAC, or any WIFI enabled device such as an iPad, tablet, smartphone or netbook. Consumers can purchase a DataJack MIFI Mobile Hotspot which can connect up to 5 WiFi-enabled devices simultaneously or they can purchase a DataJack USB modem which allows a single connection to most PC and MAC computers. For more information or to sign up, please visit www.Datajack.com.
Access to the internet is a prerequisite and will drive substantial future growth
Mobile broadband subscriptions have grown around 60 percent year-on-year to 1.1 billion.
Mobile broadband subscriptions are predicted to reach 5 billion in 2017
Connect with Quamtel on Facebook at www.facebook.com/Quamtel
Safe Harbor: Statements about the Company's future expectations and all other statements in this press release other than historical facts, are 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words 'anticipate,' 'estimate,' 'expect,' 'intend,' 'plans,' 'projects,' and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
Contact:
Quamtel, Inc.
Stuart Ehrlich
info@Quamtel.com
This information was brought to you by Cision http://www.cisionwire.com
http://www.cisionwire.com/quamtel/r/quamtel--inc--announces-preliminary-results-for-the-six-month-period-ended-june-30--2012,c9285335
SmallCapVoice Interview with Digerati Technologies, Inc. (OTCQB: DTGI)
http://smallcapvoice.com/blog/6-18-12-smallcapvoice-interview-with-digerati-technologies-inc-otcqb-dtgi/
SmallCapVoice Interview with Digerati Technologies, Inc. (OTCQB: DTGI)
http://smallcapvoice.com/blog/6-18-12-smallcapvoice-interview-with-digerati-technologies-inc-otcqb-dtgi/
SmallCapVoice Interview with Digerati Technologies, Inc. (OTCQB: DTGI)
http://smallcapvoice.com/blog/6-18-12-smallcapvoice-interview-with-digerati-technologies-inc-otcqb-dtgi/
[bSmallCapVoice Interview with Digerati Technologies, Inc. (OTCQB: DTGI)
http://smallcapvoice.com/blog/6-18-12-smallcapvoice-interview-with-digerati-technologies-inc-otcqb-dtgi/
Digerati Reported Financial Results that were a
82% Increase in Cloud Communication Revenues and 42% Improvement in EBITDA last quarter.
Looks like this stock is a WINNER.
I'm a buyer.
Thanks
Digerati Reportsed Financial Results with an
82% Increase in Cloud Communication Revenues and 42% Improvement in EBITDA
This stock is about to take off
SmallCapVoice Interview with Digerati Technologies, Inc. (OTCQB: DTGI)
http://smallcapvoice.com/blog/6-18-12-smallcapvoice-interview-with-digerati-technologies-inc-otcqb-dtgi/
SmallCapVoice Interview with Digerati Technologies, Inc. (OTCQB: DTGI)
http://smallcapvoice.com/blog/6-18-12-smallcapvoice-interview-with-digerati-technologies-inc-otcqb-dtgi/
Digerati Reports Financial Results 82% Increase in Cloud Communication Revenues; 42% Improvement in EBITDA
San Antonio, Texas - June 15, 2012 - Digerati
Digerati Reports Financial Results
82% Increase in Cloud Communication Revenues;
42% Improvement in EBITDA
San Antonio, Texas - June 15, 2012 - Digerati Technologies, Inc.
(OTCBB:DTGI) (OTCQB:DTGI), an established and award-winning provider of cloud communication services, today announced financial results for the three and nine months ended April 30, 2012. Digerati reported revenues of $3.6 million and gross profit of $270K through April 30, 2012 of its current fiscal year
that includes one-time revenue reductions on noncollectable accounts and credits related to its legacy wholesale business taken during the first half of the year. For the three months ended April 30, 2012, the Company reported revenues of
$705K and gross profit of $111K. For the three month period, the Company's cloud communication revenues and gross profit increased by 82% and 121% respectively, quarter over quarter. Adjusted for non-cash items, non-GAAP net loss was $131K for the three month period ended April 30, 2012 and $501K for the nine month period ended April 30, 2012. The Company's cash-adjusted EBITDA for its third fiscal quarter improved by 42% on a quarter-over-quarter
basis and 27% on a year-over-year basis. Highlights for the quarter and recent accomplishments attributable to the
Company's strategic shift to higher-margin cloud communication services include:
· The Company reduced its monthly SG&A costs by 48% (3rd quarter
FY2012 compared to 3rd quarter FY2011) to align expenses with its
repositioning around cloud and session-based communication services, segments of the industry which are experiencing significant growth and where there are new business opportunities for Digerati.
· Digerati has secured ten value-added resellers (VARs) and over forty active business accounts on its cloud-based platform that includes Fortune 500 companies and multinational businesses. The production from its VARs and business accounts was the primary contributor to the 82% increase in cloud communication revenues for the quarter. As anticipated, the alignment with the VAR channel continues to augment the Company's current carrier-to-carrier sales distribution model.
· The Company completed the migration to Global Convergence Solutions' (GCS) Dynamic Route & Rate Management Solution as its operational system to support its global session-based network. The enhanced back office system from GCS will create operating efficiencies which will allow Digerati to scale its business rapidly while maximizing revenues and margin.
· Digerati migrated its network infrastructure to Core NAP, a leading provider of collocation, managed services, network, and disaster recovery solutions. The move to Core NAP completed yet another building block in Digerati's planned network enhancements that will continue improving the quality of its cloud-based communications services.
· The Company engaged Newport Capital Consultants, Inc. to assist with its growth strategy and reaching key corporate objectives. Newport Capital Consultants, known for assisting micro-cap companies secure financing, mature, and reach key milestones such as listing on a primary stock exchange is serving as an advisor to the Company for investment banking, mergers & acquisitions and other consulting related services. The accomplishments during the quarter resulted in the Company establishing its network and operational foundation for its cloud communication and VAR
business model. Digerati will continue placing a stronger emphasis on its higher margin cloud telephony applications and session-based communication services. As expected, this transition is increasing margins and creating a more stable
revenue base, thus allowing the Company to target more rapid profitability growth.
Arthur L. Smith, CEO of Digerati, stated, “The financial improvements during the quarter are encouraging and delivered on the expectations for our cloud communications business model. We have now established the foundation to scale and continue stacking the higher margin revenue going forward. Although the expense for some key infrastructure and operational systems doubled during migration, we are pleased to report that effective July 2012, those additional expenses will be eliminated. We will continue with strict expense management and seek to maximize operating efficiencies as we expand our distribution and secure additional business." Excluding non-cash items, net loss to common stockholders for the nine months ended April 30, 2012 was $501,000 vs. a net loss to common stockholders of $246,000 for the nine month period ended April 30, 2011. During the nine months ended April 30, 2012, the Company incurred $628,000 in non-cash expenses that included non-cash stock-based compensation, expense for stock warrants, and depreciation, amortization, and interest expense.
Use of Non-GAAP Financial Information In addition to reporting financial results in accordance with generally accepted accounting principles, or GAAP, Digerati uses non-GAAP measures of operating income (loss), net income (loss) and income (loss) per share, which include adjustments that exclude non-cash expenses, including stock-based compensation in accordance with SFAS 123R. Digerati’s management believes this non-GAAP financial information is useful to investors’ understanding and assessment of Digerati's ongoing core operations and prospects for the future.
The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. Because management uses both GAAP and non-GAAP information in evaluating and operating its business internally, the Company believes it is important to provide such information to investors.
Net income (loss) before non-cash items is not a term defined by generally accepted accounting principles (GAAP) and may not be comparable to other similarly titled measurements used by other companies. Such non-GAAP measures should be considered in addition to, and not as a substitute for, performance measures calculated in accordance with GAAP.
Digerati is a three-time recipient of Deloitte and Touche's Fast 500 Award for recognition as one of the 500 fastest growing technology companies in North
America. Digerati is meeting the global needs of businesses that are seeking simple, flexible, and cost-effective communication solutions. Digerati's cloud based services include a fully hosted IP/PBX, VoIP transport, SIP trunking, data storage, and customized VoIP solutions for specialized applications. Services are delivered with unparalleled reliability and performance over Digerati's carrier class global VoIP network, which has been built over the course of a decade.
For more information visit www.digerati-inc.com.
The information in this news release includes certain forward-looking statements that are based upon management’s expectations and assumptions about certain risks and uncertainties that can affect future events. Although management believes these assumptions and expectations to be reasonable on the date of
this news release, these risks and uncertainties may cause actual events to differ from those contained in this news release. The risks and uncertainties include, but are not limited to, continuing as a going concern, availability and cost of our
present vendors and suppliers, and absence of any change in government regulations or other costs associated with data transmission over the Internet or transmissions in foreign countries.
Contact:
Jack Eversull
The Eversull Group
(972) 571-1624
(214) 469-2361 fax
jack@theeversullgroup.com
Expect a big move in this stock.
Stock has up-side to over .10