I remember when this thing was .18 should have held!

How is that?

Damn I just saw.

Volume is not bad as well.

1.29 x 1.34

Feel free to request the chart via stockcharts....

https://stockcharts.com/support/symbolrequest.html

Additional bid support coming in.

Good point as always good sir.

Alon Blue Square Announces Clarification to the Change in Ratio of American Depositary Shares to Ordinary Shares

3:03 pm ET December 2, 2015 (PR Newswire) Print
Alon Blue Square Israel Ltd. (NYSE: BSI) (the "Company") announced today a clarification to the change in the number of its ordinary shares represented by American Depositary Shares announced earlier today. The change in exchange ratio from one ordinary share per ADS to 10 ordinary shares per ADS will be effective prior to the commencement of trading on the NYSE on Monday, December 14, 2015. The reference to the reduction of the number of outstanding ADSs as of close of business on December 1, 2015 was made for illustrative purposes only.

Alon Blue Square Israel Ltd. (hereinafter: "Alon Blue Square") operates in five reportable operating segments and is the largest retail company in the State of Israel. In the Fueling and Commercial Sites segment, Alon Blue Square through its 63.13% subsidiary, which is listed on the Tel Aviv stock exchange ("TASE"), Dor Alon Energy in Israel (1988) Ltd is one of the four largest fuel retail companies in Israel based on the number of petrol stations and a leader in the field of convenience stores operating a chain of 211 petrol stations and 220 convenience stores in different formats in Israel. In its supermarket segment, Alon Blue Square, as a pioneer in the modern food retail, through its 100% subsidiary, Mega Retail Ltd., currently operates 150 supermarkets under different formats, each offering a wide range of food products, "Near Food" products and "Non-Food" products at varying levels of service and pricing. In its "Houseware and textile" segment, Alon Blue Square, through its TASE traded 77.51% subsidiary, Na'aman Group (NV) Ltd. Operates specialist outlets in self-operation and franchises and offers a wide range of "Non-Food" products as retailer and wholesaler. In the Real Estate segment, Alon Blue Square, through its TASE traded 53.92% subsidiary Blue Square Real Estate Ltd., owns, leases and develops income producing commercial properties and projects. In addition, Alon Blue Square operates the issuance and clearance of gift certificates, and through Diners Club Israel Ltd., an associate held at 36.75%, which operates in the sector of issuance and clearance of YOU credit cards to the customer club members of the group.

Forward-looking statements

This press release contains forward-looking statements within the meaning of safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may include, but are not limited to, plans or projections about our business, our future revenues, expenses and profitability. Forward-looking statements may be, but are not necessarily, identified by the use of forward-looking terminology such as "may," "anticipates," "estimates," "expects," "intends," "plans," "believes," and words and terms of similar substance. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events, results, performance, circumstance and achievements to be materially different from any future events, results, performance, circumstance and achievements expressed or implied by such forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, the following: the uncertainty of the success of the plan of recovery and arrangement with debtors, suppliers, service providers and lessors; the effect of the plan of recovery and arrangement on sales in our supermarkets and on the desire of suppliers to continue supplying products or services to our supermarkets; failure to reach a settlement with our bank lenders and holders of our Series C Debentures; the economic conditions in Israel on the sales in our stores and of our products and on our profitability; our ability to compete effectively against low-priced supermarkets, large fuel companies and our other competitors; enactment of new laws and regulations, including the enactment of recommendations of governmental appointed committees and regulations with respect to the procurement of petroleum products by fuel companies and the price of petroleum products that are subject to regulation; quarterly fluctuations in our operating results that may cause volatility of our ADS and share price; fluctuations in the price of petroleum products and increases in excise tax rates imposed on the sale of petroleum products in Israel; risks associated with our dependence on a limited number of key suppliers for products that we sell in our stores; the effect of an increase in the minimum wage in Israel on our operating results; the effect of any actions taken by the Israeli Antitrust Authority on our ability to execute our business strategy and on our profitability; the effect of increases in oil, raw material and product prices in recent years; the effects of damage to our reputation or to the reputation of our store brands due to reports in the media or otherwise; government policies with respect to residential building may have a negative impact on our operations in residential building, and other risks, uncertainties and factors disclosed in our filings with the U.S. Securities and Exchange Commission (SEC), including, but not limited to, risks, uncertainties and factors identified under the heading "Risk Factors" in our annual report on Form 20-F for the year ended December 31, 2014. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except for our ongoing obligations to disclose material information under the applicable securities laws, we undertake no obligation to update the forward-looking information contained in this press release.

Contact: Alon Blue Square Israel Ltd. Elli Levinson-Sela, Adv., General Counsel and Corporate Secretary Telephone: +972-9-9618504 Fax: +972-9-9618636 Email: ellils@alon-oil.co.il

SOURCE Alon Blue Square Israel Ltd

Alon Blue Square Announces Agreements to Sell 17 Supermarket Branches of Mega Retail Ltd.

10:26 am ET December 4, 2015 (PR Newswire) Print
Alon Blue Square Israel Ltd. (NYSE: BSI) (the "Company") announced today that Mega Retail Ltd. has entered into agreements with A.B.A.Victory Company for Management and Holdings Ltd. and with M. Yuchnanaf and Sons (1988) Ltd. for the sale of 17 supermarket branches operated by Mega Retail, 16 of which are operated under the brand "YOU". Under the terms of the agreements, Mega Retail will transfer its rights and obligations with respect to 17 supermarkets and sell certain assets and equipment located in the supermarkets. In addition, the buyers will provide security to the lessors of the supermarkets to secure the buyers' obligations under the leases, to the extent applicable, including guarantees and security that the Company is currently required to provide. Aggregate consideration for the transactions is NIS 95 million plus VAT.

Subject to satisfaction of the closing conditions described in the agreements, the closing of the transactions is scheduled to occur on the later of January 1, 2016 or three business days following completion of the closing conditions.

Closing of the transaction is conditioned upon satisfaction of the following conditions within 45 days of execution of the agreements:

-- execution by applicable lessors of deeds of assignment of rights and obligations for the assignment to the buyers of the applicable agreements relating to the stores (or receipt of court approval for such assignment). A sum of NIS 4,375,000 or NIS 6,600,000 (depending on the supermarket) will be deducted from the consideration for each supermarket for which neither a deed of assignment nor court approval is obtained;

-- receipt of court approval for Mega Retail entering into the transaction (unless the court determines that it has no jurisdiction or that no approval is needed). Such condition may be waived solely by Mega Retail if court approval is not required;

-- receipt of approval from the Anti-Trust Authority;

-- with respect to one supermarket, an extension of the lease agreement by an additional three years, and with respect to another supermarket, the buyer was granted an option not to include the supermarket as part of the transaction, Removal of each of these supermarkets from the transaction would reduce the consideration by NIS 4 million or NIS 4,375,000 (depending on the supermarket); and

-- approval of the board of directors of A.B.A. Victory Company for Management and Holdings Ltd. (with respect to eight supermarkets) and of Mega Retail

Pursuant to agreements with the employees union with respect to the termination of the Mega Retail employees from the relevant supermarkets, the cost of such termination (in addition to amounts due under law, including under the collective bargaining agreement) is estimated to be approximately NIS 15 million.

Alon Blue Square Israel Ltd. (hereinafter: "Alon Blue Square") operates in five reportable operating segments and is the largest retail company in the State of Israel. In the Fueling and Commercial Sites segment, Alon Blue Square through its 63.13% subsidiary, which is listed on the Tel Aviv stock exchange ("TASE"), Dor Alon Energy in Israel (1988) Ltd is one of the four largest fuel retail companies in Israel based on the number of petrol stations and a leader in the field of convenience stores operating a chain of 211 petrol stations and 220 convenience stores in different formats in Israel. In its supermarket segment, Alon Blue Square, as a pioneer in the modern food retail, through Mega Retail Ltd., held 67% by Alon Blue Square, currently operates 148 supermarkets under different formats, each offering a wide range of food products, "Near Food" products and "Non-Food" products at varying levels of service and pricing. In its "Houseware and textile" segment, Alon Blue Square, through its TASE traded 77.51% subsidiary, Na'aman Group (NV) Ltd. Operates specialist outlets in self-operation and franchises and offers a wide range of "Non-Food" products as retailer and wholesaler. In the Real Estate segment, Alon Blue Square, through its TASE traded 53.92% subsidiary Blue Square Real Estate Ltd., owns, leases and develops income producing commercial properties and projects. In addition, Alon Blue Square operates the issuance and clearance of gift certificates, and through Diners Club Israel Ltd., an associate held at 36.75%, which operates in the sector of issuance and clearance of YOU credit cards to the customer club members of the group.

Forward-looking statements

This press release contains forward-looking statements within the meaning of safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may include, but are not limited to, plans or projections about our business, our future revenues, expenses and profitability. Forward-looking statements may be, but are not necessarily, identified by the use of forward-looking terminology such as "may," "anticipates," "estimates," "expects," "intends," "plans," "believes," and words and terms of similar substance. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events, results, performance, circumstance and achievements to be materially different from any future events, results, performance, circumstance and achievements expressed or implied by such forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, the following: the uncertainty of the success of the plan of recovery and arrangement with debtors, suppliers, service providers and lessors; the effect of the plan of recovery and arrangement on sales in our supermarkets and on the desire of suppliers to continue supplying products or services to our supermarkets; failure to reach a settlement with our bank lenders and holders of our Series C Debentures; the economic conditions in Israel on the sales in our stores and of our products and on our profitability; our ability to compete effectively against low-priced supermarkets, large fuel companies and our other competitors; enactment of new laws and regulations, including the enactment of recommendations of governmental appointed committees and regulations with respect to the procurement of petroleum products by fuel companies and the price of petroleum products that are subject to regulation; quarterly fluctuations in our operating results that may cause volatility of our ADS and share price; fluctuations in the price of petroleum products and increases in excise tax rates imposed on the sale of petroleum products in Israel; risks associated with our dependence on a limited number of key suppliers for products that we sell in our stores; the effect of an increase in the minimum wage in Israel on our operating results; the effect of any actions taken by the Israeli Antitrust Authority on our ability to execute our business strategy and on our profitability; the effect of increases in oil, raw material and product prices in recent years; the effects of damage to our reputation or to the reputation of our store brands due to reports in the media or otherwise; government policies with respect to residential building may have a negative impact on our operations in residential building, and other risks, uncertainties and factors disclosed in our filings with the U.S. Securities and Exchange Commission (SEC), including, but not limited to, risks, uncertainties and factors identified under the heading "Risk Factors" in our annual report on Form 20-F for the year ended December 31, 2014. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except for our ongoing obligations to disclose material information under the applicable securities laws, we undertake no obligation to update the forward-looking information contained in this press release.

Contact: Alon Blue Square Israel Ltd. Elli Levinson-Sela, Adv., General Counsel and Corporate Secretary Telephone: +972-9-9618504 Fax: +972-9-9618636 Email: ellils@alon-oil.co.il

SOURCE Alon Blue Square Israel Ltd

Got it! lets see is she has the legs to get over .50

I don't quite understand, how would like cause a spike like this. Does it not just start trading at a Higher PPS?

do you know the reason it went up like crazy before the circuit breaker kicked in?

keeping an eye to see if it gets over .50

Now looks like the perfect opportunity to grab some.

Yet the stock was still in the green.

Thank you Georgie your wisdom and experience is always appreciated.

That is certainly one way to perceive it. Someone bid 100,000 shares for a reason, maybe we are shaking off folks who do not have the patience to wait.

Perhaps helping us get ready for the next level?

Hoping to see some more TLC on this one

AS_PU

Aspen Group Reports 58% Increase in Revenue for Second Quarter Fiscal 2016

.175 x .18

4:03 pm ET December 2, 2015 (Globe Newswire) Print
New Student Enrollments Rise 110% YoY

Nursing School Represents 60% of Aspen's Revenues

Aspen Group, Inc., a nationally accredited online post-secondary education company (Aspen University), today announced results for its second quarter ended October 31, 2015.

Results from the Second Quarter include:

-- Revenues of $1,913,161, a 58% increase from the comparable prior year period, an acceleration from 46% year-over-year growth in the previous quarter;

-- New student enrollments increased 110% year-over-year, as Aspen delivered 557 new degree-seeking enrollments in the quarter;

-- Aspen University's School of Nursing grew to 48% of the total degree-seeking student body, from 1,026 to 1,935 students or 89% growth year-over-year; and accounted for 60% of the total revenues in the quarter.

"The rate of growth of our BSN program accelerated this quarter, as we're now on pace to add over 1,000 BSN students on an annualized basis," said Aspen Group Chairman and CEO Michael Mathews. "As a consequence, we're projecting to reach the 5,000 degree-seeking student milestone around the end of our current fiscal year, April 30, 2016," continued Mathews.

Second Quarter Highlights

For the second quarter, revenues increased 58% from the comparable prior year period to $1,913,161. In particular, Nursing program revenues rose 136% year-over-year to $1,139,468 to represent 60% of Aspen's revenues.

Aspen's School of Nursing student body grew by 331 students in the quarter, from 1,604 to 1,935 students. That represented 75% of the growth of Aspen's total degree seeking student body in the quarter, from 3,609 to 4,015. Aspen's School of Nursing now accounts for 48% of Aspen's degree seeking student body.

Adjusted Gross Profit, a non-GAAP financial measure, increased 12% sequentially to $1,045,360 or 55% margin. GAAP Gross Profit increased 14% sequentially to $909,019 or 48% margin. Note that the company increased its internet advertising spend rate from $120,000 to $150,000 per month starting in the first month of the quarter, August, 2015.

Adjusted EBITDA, a non-GAAP financial measure, resulted in a loss of ($279,352), a sequential improvement of 7%. Net loss applicable to shareholders was ($744,420), a sequential decline of 4%.

* Non-GAAP - Financial Measures

This press release includes both financial measures in accordance with Generally Accepted Accounting Principles, or GAAP, as well as non-GAAP financial measures. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position or cash flows that either excludes or includes amounts that are not normally included or excluded in the most directly comparable measure calculated and presented in accordance with GAAP. Non-GAAP financial measures should be viewed as supplemental to, and should not be considered as alternatives to net income, operating income, and cash flow from operating activities, liquidity or any other financial measures. They may not be indicative of the historical operating results of Aspen Group nor are they intended to be predictive of potential future results. Investors should not consider non-GAAP financial measures in isolation or as substitutes for performance measures calculated in accordance with GAAP.

Our management uses and relies on Adjusted EBITDA and Adjusted Gross Profit, each of which are non-GAAP financial measures. We believe that both management and shareholders benefit from referring to the following non-GAAP financial measures in planning, forecasting and analyzing future periods. Our management uses these non-GAAP financial measures in evaluating its financial and operational decision making and as a means to evaluate period-to-period comparison. Our management recognizes that the non-GAAP financial measures have inherent limitations because of the excluded items described below.

Aspen Group defines Adjusted EBITDA as earnings (or loss) from continuing operations before the items in the table below. Aspen Group excludes these expenses because they are non-cash or non-recurring in nature.

Aspen Group defines Adjusted Gross Profit as revenues less cost of revenues (instructional costs and services and marketing and promotional costs), but excluding the amortization of courseware and software. Adjusted Gross Profit excludes non-cash items and permits our management to focus on core operating results.

We have included a reconciliation of our non-GAAP financial measures to the most comparable financial measures calculated in accordance with GAAP. We believe that providing the non-GAAP financial measures, together with the reconciliation to GAAP, helps investors make comparisons between Aspen Group and other companies. In making any comparisons to other companies, investors need to be aware that companies use different non-GAAP measures to evaluate their financial performance. Investors should pay close attention to the specific definition being used and to the reconciliation between such measure and the corresponding GAAP measure provided by each company under applicable SEC rules.

The following table presents a reconciliation of Adjusted EBITDA to Net loss, a GAAP financial measure:

Three Months Ended
10/31/2015 7/31/2015 10/31/2014
Net Loss $ (744,420 ) $ (718,706 ) $ (1,160,732 )
Interest expense, net of income 31,320 33,115 29,625
Bad debt expense 67,299 31,889 -
Depreciation and amortization 148,258 143,459 130,133
Loss from Debt Extinguishment - - 452,503
Amortization of debt issue costs - - 19,018
Amortization of debt discount - - 41,898
Warrant conversion exercise expense - 6,000 -
Stock-based compensation 56,046 72,941 114,435
Non-recurring charges 162,145 131,677 114,930
Adjusted EBITDA (Loss) $ (279,352 ) $ (299,625 ) $ (258,190 )
The following table presents a reconciliation of Adjusted Gross Profit, a non-GAAP financial measure, to gross profit calculated in accordance with GAAP:

For the
Three Months Ended
October 31,
2015 2014
Revenues $ 1,913,161 $ 1,214,247
Costs of revenues (exclusive of amortization shown separately) 867,801 442,697
Gross profit (exclusive of amortization) 1,045,360 771,550
Amortization expenses excluded from cost of revenues 136,341 120,512
GAAP gross profit $ 909,019 $ 651,038
Conference Call

Aspen Group, Inc. will host a conference call to discuss its October 31, 2015 fiscal year 2016 second quarter financial results and business outlook on Wednesday, December 2, 2015, at 5:00 p.m. (ET). The conference call can be accessed by dialing toll-free (844) 452-6823 (U.S.) or (731) 256-5216 (international). Subsequent to the call, a transcript of the audiocast will be available from the Company's website at ir.aspen.edu.

About Aspen Group, Inc.

Aspen Group, Inc. is an online postsecondary education company. Aspen University's mission is to offer any motivated college-worthy student the opportunity to receive a high quality, responsibly priced distance-learning education for the purpose of achieving sustainable economic and social benefits for themselves and their families. Aspen is dedicated to providing the highest quality education experiences taught by top-tier faculty - 60% of our adjunct faculty hold doctoral degrees. To learn more about Aspen, visit www.aspen.edu.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements including statements regarding expected growth in the BSN program and forecasted degree-seeking student body.

The words "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include unexpected regulatory issues, competition and changes within the healthcare industry that make the nursing occupation less attractive to learners or reduce the benefits of an advanced degree. Further information on our risk factors is contained in our filings with the SEC, including our Form 10-K filed on July 28, 2015. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Media Contact:
Aspen Group, Inc.
Michael Mathews, CEO
914-906-9159
http://resource.globenewswire.com/Resource/Download/df26e2a8-d305-441f-b6eb-9e83758129f5?size=1

.21 IR_SB... DAMN!

Aspen Group Reports 58% Increase in Revenue for Second Quarter Fiscal 2016

.175 x .18

4:03 pm ET December 2, 2015 (Globe Newswire) Print
New Student Enrollments Rise 110% YoY

Nursing School Represents 60% of Aspen's Revenues

Aspen Group, Inc. (OTCQB:ASPU), a nationally accredited online post-secondary education company (Aspen University), today announced results for its second quarter ended October 31, 2015.

Results from the Second Quarter include:

-- Revenues of $1,913,161, a 58% increase from the comparable prior year period, an acceleration from 46% year-over-year growth in the previous quarter;

-- New student enrollments increased 110% year-over-year, as Aspen delivered 557 new degree-seeking enrollments in the quarter;

-- Aspen University's School of Nursing grew to 48% of the total degree-seeking student body, from 1,026 to 1,935 students or 89% growth year-over-year; and accounted for 60% of the total revenues in the quarter.

"The rate of growth of our BSN program accelerated this quarter, as we're now on pace to add over 1,000 BSN students on an annualized basis," said Aspen Group Chairman and CEO Michael Mathews. "As a consequence, we're projecting to reach the 5,000 degree-seeking student milestone around the end of our current fiscal year, April 30, 2016," continued Mathews.

Second Quarter Highlights

For the second quarter, revenues increased 58% from the comparable prior year period to $1,913,161. In particular, Nursing program revenues rose 136% year-over-year to $1,139,468 to represent 60% of Aspen's revenues.

Aspen's School of Nursing student body grew by 331 students in the quarter, from 1,604 to 1,935 students. That represented 75% of the growth of Aspen's total degree seeking student body in the quarter, from 3,609 to 4,015. Aspen's School of Nursing now accounts for 48% of Aspen's degree seeking student body.

Adjusted Gross Profit, a non-GAAP financial measure, increased 12% sequentially to $1,045,360 or 55% margin. GAAP Gross Profit increased 14% sequentially to $909,019 or 48% margin. Note that the company increased its internet advertising spend rate from $120,000 to $150,000 per month starting in the first month of the quarter, August, 2015.

Adjusted EBITDA, a non-GAAP financial measure, resulted in a loss of ($279,352), a sequential improvement of 7%. Net loss applicable to shareholders was ($744,420), a sequential decline of 4%.

* Non-GAAP - Financial Measures

This press release includes both financial measures in accordance with Generally Accepted Accounting Principles, or GAAP, as well as non-GAAP financial measures. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position or cash flows that either excludes or includes amounts that are not normally included or excluded in the most directly comparable measure calculated and presented in accordance with GAAP. Non-GAAP financial measures should be viewed as supplemental to, and should not be considered as alternatives to net income, operating income, and cash flow from operating activities, liquidity or any other financial measures. They may not be indicative of the historical operating results of Aspen Group nor are they intended to be predictive of potential future results. Investors should not consider non-GAAP financial measures in isolation or as substitutes for performance measures calculated in accordance with GAAP.

Our management uses and relies on Adjusted EBITDA and Adjusted Gross Profit, each of which are non-GAAP financial measures. We believe that both management and shareholders benefit from referring to the following non-GAAP financial measures in planning, forecasting and analyzing future periods. Our management uses these non-GAAP financial measures in evaluating its financial and operational decision making and as a means to evaluate period-to-period comparison. Our management recognizes that the non-GAAP financial measures have inherent limitations because of the excluded items described below.

Aspen Group defines Adjusted EBITDA as earnings (or loss) from continuing operations before the items in the table below. Aspen Group excludes these expenses because they are non-cash or non-recurring in nature.

Aspen Group defines Adjusted Gross Profit as revenues less cost of revenues (instructional costs and services and marketing and promotional costs), but excluding the amortization of courseware and software. Adjusted Gross Profit excludes non-cash items and permits our management to focus on core operating results.

We have included a reconciliation of our non-GAAP financial measures to the most comparable financial measures calculated in accordance with GAAP. We believe that providing the non-GAAP financial measures, together with the reconciliation to GAAP, helps investors make comparisons between Aspen Group and other companies. In making any comparisons to other companies, investors need to be aware that companies use different non-GAAP measures to evaluate their financial performance. Investors should pay close attention to the specific definition being used and to the reconciliation between such measure and the corresponding GAAP measure provided by each company under applicable SEC rules.

The following table presents a reconciliation of Adjusted EBITDA to Net loss, a GAAP financial measure:

Three Months Ended
10/31/2015 7/31/2015 10/31/2014
Net Loss $ (744,420 ) $ (718,706 ) $ (1,160,732 )
Interest expense, net of income 31,320 33,115 29,625
Bad debt expense 67,299 31,889 -
Depreciation and amortization 148,258 143,459 130,133
Loss from Debt Extinguishment - - 452,503
Amortization of debt issue costs - - 19,018
Amortization of debt discount - - 41,898
Warrant conversion exercise expense - 6,000 -
Stock-based compensation 56,046 72,941 114,435
Non-recurring charges 162,145 131,677 114,930
Adjusted EBITDA (Loss) $ (279,352 ) $ (299,625 ) $ (258,190 )
The following table presents a reconciliation of Adjusted Gross Profit, a non-GAAP financial measure, to gross profit calculated in accordance with GAAP:

For the
Three Months Ended
October 31,
2015 2014
Revenues $ 1,913,161 $ 1,214,247
Costs of revenues (exclusive of amortization shown separately) 867,801 442,697
Gross profit (exclusive of amortization) 1,045,360 771,550
Amortization expenses excluded from cost of revenues 136,341 120,512
GAAP gross profit $ 909,019 $ 651,038
Conference Call

Aspen Group, Inc. will host a conference call to discuss its October 31, 2015 fiscal year 2016 second quarter financial results and business outlook on Wednesday, December 2, 2015, at 5:00 p.m. (ET). The conference call can be accessed by dialing toll-free (844) 452-6823 (U.S.) or (731) 256-5216 (international). Subsequent to the call, a transcript of the audiocast will be available from the Company's website at ir.aspen.edu.

About Aspen Group, Inc.

Aspen Group, Inc. is an online postsecondary education company. Aspen University's mission is to offer any motivated college-worthy student the opportunity to receive a high quality, responsibly priced distance-learning education for the purpose of achieving sustainable economic and social benefits for themselves and their families. Aspen is dedicated to providing the highest quality education experiences taught by top-tier faculty - 60% of our adjunct faculty hold doctoral degrees. To learn more about Aspen, visit www.aspen.edu.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements including statements regarding expected growth in the BSN program and forecasted degree-seeking student body.

The words "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include unexpected regulatory issues, competition and changes within the healthcare industry that make the nursing occupation less attractive to learners or reduce the benefits of an advanced degree. Further information on our risk factors is contained in our filings with the SEC, including our Form 10-K filed on July 28, 2015. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Media Contact:
Aspen Group, Inc.
Michael Mathews, CEO
914-906-9159
http://resource.globenewswire.com/Resource/Download/df26e2a8-d305-441f-b6eb-9e83758129f5?size=1

hahahah the experience!

Strong bid in. Seems the PR and conference call might be attracting additional eyes.

Do what?

I asked the question and I disagree with him. Nevertheless enrollment is looking good. I want to see them become cash flow positive!

Q/A
Question-and-Answer Session

Operator

[Operator Instructions] Our first question comes from the line of David Garrity with GVA Research. Your line is now open.

David Garrity - GVA Research
Hey Mike congratulations on a very strong quarter and congratulations as well in terms of the fact that you are accelerating further.

Michael Mathews - CEO
Thank you, David.

David Garrity - GVA Research
Welcome, it’s good to see things are paying off. I was curious, are we seeing anything in the market place where people are starting to perhaps copy the Aspen models as it applies towards the nursing vertical and to what extent do you think that you’ll be able to or not, to what extent do you think that you’ll be able to maintain sort of this competitive advantage in terms of the business model?

Michael Mathews - CEO
Yes a great question. Well, to date we haven’t seen any competitors that I’m aware of that are targeting the nursing sector with a debt less education monthly payment plan approach. Someday certainly that’s possible, however as I have described in previous conference calls the unit economics would be difficult for a large competitor to follow up given that our cost of enrolment is well below $1000, in fact it was below $800 this quarter. So you have to have the ability to achieve enrolment cost on average well less than $1000 in order to offer monthly payments plans [ph] where we are charging BSN students for example $250 a month. So until someone is able to have that kind of expertise, I don’t see it happening in the near term.

David Garrity - GVA Research
Thank you.

Operator

Our next question comes from the line of Brett Reiss with Janney Montgomery Scott. Your line is now open.

Brett Reiss - Janney Montgomery Scott
Thank you, also congratulations on a fantastic quarter for you and the whole team.

Michael Mathews - CEO
Thank you, Brett.

Brett Reiss - Janney Montgomery Scott
Yes, now really something here. Is there anything that keeps you up at night that could derail the recipe of growth that obviously have been enjoying?

Michael Mathews - CEO
I have to be honest. I really don’t have one particular thing that keeps me up at night. When you build a great company, there’s a number of variables involved. The first thing is you have to have a differentiated business model which clearly we do and David of course just asked a question about that if anyone could follow. We also have an amazing team of course started with Janet Gill as my CFO, Troy [Indiscernible] as my Chief Operating Officer, and of course our Chief Academic Officer, Dr. Cheri St. Arnauld.

So when you have a great team, good results typically follow. So, at this point there isn’t really anything specific that concerns me and we just need to continue executing as a company and as I announced earlier we see that our accelerated growth is going to continue in the quarter that we are currently in.

Brett Reiss - Janney Montgomery Scott
Right, right. Now for company your size, you have a pretty sophisticated shareholder base and sophisticated board -- are they basically giving you the ball and letting you run with it or have they given you any kind of input on where the company might be a year to 18 months from now?

Michael Mathews - CEO
Well let me just say, any public company that the Chairman in my case the Chairman and CEO it’s my job to put together a great board and it’s my job to find extremely sophisticated investors and I think we’ve accomplished both. So there is no question that I am constantly asking for his thoughts and feedback and ideas from those intelligent folks.

From a long term strategic perspective the company did in fact put together a special committee of the board of directors in the last month and a half. And we are looking at some strategic initiatives which has the potential to take our growth to yet another level in this coming year. And we are not ready and prepared to talk about these things at this point but we are looking at some very interesting initiatives.

Brett Reiss - Janney Montgomery Scott
Right, right. And maybe one last one, this is probably for Miss Gill. The bad debt expense seem to have more than doubled, what caused that?

Janet Gill - CFO
Well we basically take all of our receivables and put them into buckets based on the source of the revenue. And we use -- we use a 100% [ph] for anyone over, any debt over 90 days. So we are not so concerned with -- we’re just concerned with I should say it this way, we are concerned with keeping a certain level based on the over 90 receivables.

Michael Mathews - CEO
When you look at the amount that our revenues are growing year-over-year we have an increase in our bad debt of about $35,000 over a period of sequential quarter is I don’t think significant.

Brett Reiss - Janney Montgomery Scott
Okay, great. All right, I’m going to drop back and once again keep up the good work.

Janet Gill - CFO
Thank you.

Michael Mathews - CEO
Thank you, have a good day.

Brett Reiss - Janney Montgomery Scott
Yep.

Operator

Our next question comes from the line of [Indiscernible]. Your line is now open.

Unidentified Analyst

Good afternoon. Rather new to the story I’m wondering if you could maybe take a couple of minutes and talk about the background of the company and how you developed this debt we program and where that it deploys [ph] you for future growth?

Michael Mathews - CEO
Yes, sure. So for those of who that have installed my background. I’m a former CEO of interCLICK, ICLK and the NASDAQ and interCLICK was acquired by Yahoo in December of 2011 four years ago now. And so I have myself and my team as a very special set of expertise in terms of internet advertising. And so I took over Aspen University back in the middle of the year in 2011 and proceeded to build a very sophisticated marketing platform which has allowed our university to drive enrolments well below $1000 which in my understanding has never been done in history at volume. Most universities in the public company is online for profit have announced over the many years that their average cost enrolment is $4000 to $5000 not less than $1000.

So back in May of last year I published a book entitled lets change higher education for ever and announced at that time that we were going to take the efficiency of our cost of enrolment which is less than half thousand dollars at volume and we were going to transfer that efficiency in the form of monthly payment plans to our students, thereby allowing any college student across this country the ability to get a college education by simply paying months to months literally as this similar to your Verizon bill, you just pay months to months if you ever make a decision to stop the program and of course your Verizon service stops. And this is the same idea, this is the pay as you go system where a student doesn’t take the financial risk of tens of thousands of debt, they just simply pay us months to months, they continue their education if they ever decided to stop, we let them stop and they can then continue on as we lead down the road if they are ready again. And they pay that monthly payment plan until they are done with their education and they get their degree at that point with no debt.

So this is -- we decided to focus on the nursing sector as our primary sector initially, because it’s one of their fastest growing occupations in America and there’s a significant desire by the healthcare profession to ensure that registered nurses have the essence. So when we obtained our BSN accreditation with the CCNE back in November last year that was one of the sentimental moments in our ability to really significantly grow on the topline.

We planned in the coming years at Aspen University to branch out, outside of nursing and someday don’t be surprised if we are announcing to the country monthly payment plans literally in every degree program that you can think of, that’s our ultimate aspiration is to offer any college worthy adult the ability to achieve the American dream which is a college degree.

Unidentified Analyst

And your advertising programs, is it constantly being tweaked and changed to following I guess the right potential student?

Michael Mathews - CEO
Yes I didn’t hear the end of what you said. Is it currently being tweaked for what?

Unidentified Analyst

To find the right student for your university program and nursing program.

Michael Mathews - CEO
Well yes. So we have -- we implement very sophisticated data targeting techniques so that we don’t waste impressions on the internet in order to obtain a lead from in this case a registered nurse. So that’s part of the sophistication of our marketing platform, it allows us to achieve very high quality leads at a relatively low cost.

Unidentified Analyst

Okay, great. Thanks a lot. Thank you.

Michael Mathews - CEO
You’re welcome.

Operator

[Operator Instructions] Our next question comes from the line of Imran Badani [ph] your line is now open.

Unidentified Analyst

Hey, Michael how are you doing today?

Michael Mathews - CEO
Good.

Unidentified Analyst

Hey I’ve got a quick question for you. Regional accreditation is pretty important for nurses especially with when it comes to their degrees. When does Aspen expect to achieve getting regional accreditation?

Michael Mathews - CEO
Well I’m not really prepared to answer that question in public yet. We absolutely aspire to become a regionally accredited institution. There’s a number of strategies and ways to get there and we are moving down the path on one of those strategies which of course at the point where we are ready will be announcing exactly what our strategy is. But we don’t understand the importance of ultimately becoming regionally accredited and quite frankly we really are having no problems whatsoever being nationally accredited in the nursing sector. There are very, very few healthcare organizations that require regionally accredited degree on top of CCNE accredited nursing degree.

Unidentified Analyst

And just the other thing I was going to ask you was in terms of bringing attention in eyes to the Aspen group, are there any plans or directives that you plan on taking to help bring more winners?

Michael Mathews - CEO
Yes, we are talking to a number of analysts in the market place about launching coverage; a couple of them are on the call as we speak. And at that point I think that’s probably the best method for us in addition to the existing non deal roadshows that we do with our investor relations activity.

Unidentified Analyst

Got it, thanks.

Operator

I’m showing no further questions in the queue at this time. I’d like to turn the call back to Michael Matthews for closing remarks.

Michael Mathews - CEO
Thank you everyone for your questions today. I want to thank everyone for joining us this afternoon and the team here looks forward to talking with you again in the coming quarter. Have a good day.

Operator

Ladies and gentlemen, thank you for your participation in today’s conference. This concludes the program and you may all disconnect. Everyone have a great day.

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Aspen Group's (ASPU) CEO Michael Mathews on Q2 2016 Results - Earnings Call Transcript
Dec. 2, 2015 7:06 PM ET | About: Aspen Group Inc. (ASPU)
Aspen Group Inc. (OTCQB:ASPU) Q2 2016 Earnings Conference Call December 2, 2015 5:00 PM ET

Operator

Good day ladies and gentlemen and welcome to the Aspen Group Incorporated’s Fiscal 2016 Second Quarter Earnings Call. At this time all participants are in a listen-only mode, later we will conduct a question-and-answer session and instructions will follow at that time. [Operator Instructions] As a reminder today's conference is being recorded.

I would now like to introduce your host for today’s conference, Miss Janet Gill, Chief Financial Officer. Ma’am, please begin.

Janet Gill - CFO
Okay. Thank you, very much Liz. Good afternoon. Thank you for joining us today for Aspen Group's fiscal year 2016 second quarter earnings call.

Please note that the company's remarks made during this call, including answers to questions include forward-looking statements which are subject to various risks and uncertainties. These include statements relating to expectations from our nursing programs, new student enrolments, increase in marketing spend, and forecasts including growth in revenue, gross margins and adjusted-EBITDA.

Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. A discussion of risks and uncertainties related to our business is contained in our filings with the Securities and Exchange Commission, particularly the section entitled “Risk Factors” in our Form 10-K which was filed on July 28, 2015. Aspen Group disclaims any obligation to update any forward-looking statement as a result of future developments.

Also, I'd like to remind you that during the course of this conference call, we will discuss adjusted EBITDA and adjusted gross profit, which are non-GAAP measures when talking about the company's performance. Reconciliation to the most directly comparable GAAP financial measures are provided in the tables in the press release issued by the company today. There will be a transcript of this conference call available for one year at the company's website.

I will begin today by reviewing our financial results for our fiscal second quarter, then we’ll turn the call over to the Chairman and CEO of Aspen Group, Mr. Michael Mathews. He will provide a business update focusing on our record new student enrolment and revenue growth.

To open, quarterly revenues were $1,913,161, a 58% increase from the comparable prior year period which is an acceleration from 46% year-over-year growth in the previous quarter. Note that the 58% revenue growth increase be our previous 54% revenue grow pre earnings guidance, largely based on the fact that we delivered over 200 new student enrolments in the month of October which was our highest new student enrolment month in our history.

Aspen group’s gross profit for the first quarter increased 40% from the comparable prior year period to $909, 19 or 48% margin. Our adjusted gross profit exclusive of depreciation and amortization increased 35% from the comparable prior year period to $1,45,360 or 55% margin.

On a sequential basis, our gross margins increased modestly by 1 percentage points from 47% to 48%, which was expected as we increased our marketing spend rate by 23% sequentially.

To be more specific, beginning in August the first month of our quarter, we increased our average monthly marketing spend rate by $30,000 per month from $120,000 per month to $150,000 per month.

Given it takes on average 60 to 90 days to generate a new student enrolment once a new lead hits our enrolment centre. The fact that our margins sequentially increase slightly in the quarter rather than declining is a result of the rapid rise and revenues we are currently experiencing. Given we plan to maintain our marketing spend rate at $150,000 per month for the remaining six months of our fiscal year, we expect to see gross margins improve materially in the coming two quarters.

Finally, our adjusted EBITDA resulted in a loss of $279,352 a sequential improvement of 7%. Our net loss applicable to shareholders was $744,420 or a loss per share of $0.01. That’s a sequential decline of 4%.

From a balance sheet perspective, Aspen ended the quarter with a cash balance of approximately $2.1 million, which includes $1,122,485 of restricted cash. Finally, our total stockholders' equity ended at a positive $1,316,961.

Now I’ll turn the call over to Michael Matthews to discuss our business progress, specifically the rapid growth in new student enrolments and revenues.

Michael Mathews - CEO
Thank you, Janet. This past quarter we delivered 557 new student enrolments as compared to 265 a year ago, that’s an improvement of 110%. As mentioned earlier, enrolments accelerated in the last month of the quarter as we enrolled over 200 new students in October which is a monthly record for the University.

As you would expect, Aspen school of nursing is responsible for the lions share of the new student enrolment growth. Specifically Aspen school of nursing is now on pace to grow on an annualized basis by approximately 1500 nursing students net or 125 per month on average. Aspen’s Bachelor Science and Nursing or BSN Program is accounting for 72% of that growth as that program is on pace to increase on an annualized basis by 1080 students net or 90 per month on average.

Based on this accelerated growth in our BSN program, we now expect our total degree seeking student body to grow from 4015 students at quarter end to approximately 5000 students by the end of our fiscal year to April 30, 2016.

That means we are now on pace to increase our degree seeking student body by 2000 students net on an annualized basis versus the previous pace of 1,200 students net on an annualized basis earlier this fiscal year. I’m sure you are interested as to why our BSN new student enrolments accelerated in the past quarter. While there are several reasons, first as we mentioned earlier beginning in August the first month of the quarter we increased our average monthly marketing spend rate by $30,000 from $120,000 per month to $150,000 per month.

Prior to the start of the quarter, we grew our Phoenix based enrolment center to 21 enrolment advisors all of whom are operating in a very high productivity level. Normally when the university increases their marketing spend in a given quarter, enrolment increases can be expected one or two quarters later, not with Aspen University.

We increased our marketing spend by 23% sequentially but delivered 36% more enrolment sequentially. Bottom line, over the past year we’ve now more than doubled our marketing spend rate and more than doubled the size of our enrolment center and we are not seeing degradation in our average cost of enrolment. It’s a very enviable position to be in. Not to be too repetitive for this enviable position we’re in today, is because of last year’s announcement of our debt list education solution. We believe that by advertising to the nursing sector a debt free solution through monthly payment plans we would become the University of Choice for our ends.

Now that we’ve become one of the fastest growing universities in America if not the fastest, it’s clear that we’ve begun the process of ending the long held assumption that nursing students have historically made that they much incur overwhelming debt to obtain a college degree, well that’s not just the case anymore.

I’ll complete my prepared remarks today with some revenue and adjusted EBITDA projections for the remainder of the fiscal year. First, as mentioned earlier we plan to keep our marketing spend rate at approximately $150,000 per month for the remaining six months of our fiscal year which will allow the company to continue its rapid pace of growth while simultaneously reaching the adjusted EBITDA break even range by the end of our current fiscal year.

We currently projecting revenue growth to accelerate again this quarter to over $2.1 million or over 63% growth year-over-year. Therefore our adjusted EBITDA loss this coming quarter is forecasted to decline into the single digits. The following quarter which is our fourth fiscal quarter ending April 30, is the quarter that the company is expecting to be in a breakeven adjusted EBITDA range.

That ends our prepared remarks for this afternoon. Now we’d like to open the call to address any questions.

Georgie can I ask you to take another look at the chart, I believe we are seeing a cup and handle for ASPU?

Aspen Group Reports 58% Increase in Revenue for Second Quarter Fiscal 2016

4:03 pm ET December 2, 2015 (Globe Newswire) Print
New Student Enrollments Rise 110% YoY

Nursing School Represents 60% of Aspen's Revenues

Aspen Group, Inc. (OTCQB:ASPU), a nationally accredited online post-secondary education company (Aspen University), today announced results for its second quarter ended October 31, 2015.

Results from the Second Quarter include:

-- Revenues of $1,913,161, a 58% increase from the comparable prior year period, an acceleration from 46% year-over-year growth in the previous quarter;

-- New student enrollments increased 110% year-over-year, as Aspen delivered 557 new degree-seeking enrollments in the quarter;

-- Aspen University's School of Nursing grew to 48% of the total degree-seeking student body, from 1,026 to 1,935 students or 89% growth year-over-year; and accounted for 60% of the total revenues in the quarter.

"The rate of growth of our BSN program accelerated this quarter, as we're now on pace to add over 1,000 BSN students on an annualized basis," said Aspen Group Chairman and CEO Michael Mathews. "As a consequence, we're projecting to reach the 5,000 degree-seeking student milestone around the end of our current fiscal year, April 30, 2016," continued Mathews.

Second Quarter Highlights

For the second quarter, revenues increased 58% from the comparable prior year period to $1,913,161. In particular, Nursing program revenues rose 136% year-over-year to $1,139,468 to represent 60% of Aspen's revenues.

Aspen's School of Nursing student body grew by 331 students in the quarter, from 1,604 to 1,935 students. That represented 75% of the growth of Aspen's total degree seeking student body in the quarter, from 3,609 to 4,015. Aspen's School of Nursing now accounts for 48% of Aspen's degree seeking student body.

Adjusted Gross Profit, a non-GAAP financial measure, increased 12% sequentially to $1,045,360 or 55% margin. GAAP Gross Profit increased 14% sequentially to $909,019 or 48% margin. Note that the company increased its internet advertising spend rate from $120,000 to $150,000 per month starting in the first month of the quarter, August, 2015.

Adjusted EBITDA, a non-GAAP financial measure, resulted in a loss of ($279,352), a sequential improvement of 7%. Net loss applicable to shareholders was ($744,420), a sequential decline of 4%.

* Non-GAAP - Financial Measures

This press release includes both financial measures in accordance with Generally Accepted Accounting Principles, or GAAP, as well as non-GAAP financial measures. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position or cash flows that either excludes or includes amounts that are not normally included or excluded in the most directly comparable measure calculated and presented in accordance with GAAP. Non-GAAP financial measures should be viewed as supplemental to, and should not be considered as alternatives to net income, operating income, and cash flow from operating activities, liquidity or any other financial measures. They may not be indicative of the historical operating results of Aspen Group nor are they intended to be predictive of potential future results. Investors should not consider non-GAAP financial measures in isolation or as substitutes for performance measures calculated in accordance with GAAP.

Our management uses and relies on Adjusted EBITDA and Adjusted Gross Profit, each of which are non-GAAP financial measures. We believe that both management and shareholders benefit from referring to the following non-GAAP financial measures in planning, forecasting and analyzing future periods. Our management uses these non-GAAP financial measures in evaluating its financial and operational decision making and as a means to evaluate period-to-period comparison. Our management recognizes that the non-GAAP financial measures have inherent limitations because of the excluded items described below.

Aspen Group defines Adjusted EBITDA as earnings (or loss) from continuing operations before the items in the table below. Aspen Group excludes these expenses because they are non-cash or non-recurring in nature.

Aspen Group defines Adjusted Gross Profit as revenues less cost of revenues (instructional costs and services and marketing and promotional costs), but excluding the amortization of courseware and software. Adjusted Gross Profit excludes non-cash items and permits our management to focus on core operating results.

We have included a reconciliation of our non-GAAP financial measures to the most comparable financial measures calculated in accordance with GAAP. We believe that providing the non-GAAP financial measures, together with the reconciliation to GAAP, helps investors make comparisons between Aspen Group and other companies. In making any comparisons to other companies, investors need to be aware that companies use different non-GAAP measures to evaluate their financial performance. Investors should pay close attention to the specific definition being used and to the reconciliation between such measure and the corresponding GAAP measure provided by each company under applicable SEC rules.

The following table presents a reconciliation of Adjusted EBITDA to Net loss, a GAAP financial measure:

Three Months Ended
10/31/2015 7/31/2015 10/31/2014
Net Loss $ (744,420 ) $ (718,706 ) $ (1,160,732 )
Interest expense, net of income 31,320 33,115 29,625
Bad debt expense 67,299 31,889 -
Depreciation and amortization 148,258 143,459 130,133
Loss from Debt Extinguishment - - 452,503
Amortization of debt issue costs - - 19,018
Amortization of debt discount - - 41,898
Warrant conversion exercise expense - 6,000 -
Stock-based compensation 56,046 72,941 114,435
Non-recurring charges 162,145 131,677 114,930
Adjusted EBITDA (Loss) $ (279,352 ) $ (299,625 ) $ (258,190 )
The following table presents a reconciliation of Adjusted Gross Profit, a non-GAAP financial measure, to gross profit calculated in accordance with GAAP:

For the
Three Months Ended
October 31,
2015 2014
Revenues $ 1,913,161 $ 1,214,247
Costs of revenues (exclusive of amortization shown separately) 867,801 442,697
Gross profit (exclusive of amortization) 1,045,360 771,550
Amortization expenses excluded from cost of revenues 136,341 120,512
GAAP gross profit $ 909,019 $ 651,038
Conference Call

Aspen Group, Inc. will host a conference call to discuss its October 31, 2015 fiscal year 2016 second quarter financial results and business outlook on Wednesday, December 2, 2015, at 5:00 p.m. (ET). The conference call can be accessed by dialing toll-free (844) 452-6823 (U.S.) or (731) 256-5216 (international). Subsequent to the call, a transcript of the audiocast will be available from the Company's website at ir.aspen.edu.

About Aspen Group, Inc.

Aspen Group, Inc. is an online postsecondary education company. Aspen University's mission is to offer any motivated college-worthy student the opportunity to receive a high quality, responsibly priced distance-learning education for the purpose of achieving sustainable economic and social benefits for themselves and their families. Aspen is dedicated to providing the highest quality education experiences taught by top-tier faculty - 60% of our adjunct faculty hold doctoral degrees. To learn more about Aspen, visit www.aspen.edu.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements including statements regarding expected growth in the BSN program and forecasted degree-seeking student body.

The words "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include unexpected regulatory issues, competition and changes within the healthcare industry that make the nursing occupation less attractive to learners or reduce the benefits of an advanced degree. Further information on our risk factors is contained in our filings with the SEC, including our Form 10-K filed on July 28, 2015. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Media Contact:
Aspen Group, Inc.
Michael Mathews, CEO
914-906-9159
http://resource.globenewswire.com/Resource/Download/df26e2a8-d305-441f-b6eb-9e83758129f5?size=1

Surprised to see any selling today especially with the call today and reported numbers...

Damn it..... every time I try to buy it goes up! That EPS is nuts for a stock trading on pinks.

This is the most interesting part:

10:00 am ET December 2, 2015 (PR Newswire) Print
Energy Services of America (the "Company") (OTCPink: ESOA), parent company of C.J. Hughes Construction Company and Nitro Electric Company, announced today revenue of $116.8 million for the fiscal year ended September 30, 2015. Gross margin and income from operations were $10.9 million and $4.3 million, respectively for fiscal year 2015. Net income available to common shareholders, which included estimated tax expense of $1.6 million, was $1.8 million for the fiscal year ended September 30, 2015. The Company projects EBITDA of $7.6 million, or $0.53 per share, and earnings per share of $0.13 on 14,239,836 common shares outstanding for fiscal year 2015. The projected backlog at September 30, 2015 was $71.3 million.

10:00 am ET December 2, 2015 (PR Newswire) Print
Energy Services of America (the "Company") (OTCPink: ESOA), parent company of C.J. Hughes Construction Company and Nitro Electric Company, announced today revenue of $116.8 million for the fiscal year ended September 30, 2015. Gross margin and income from operations were $10.9 million and $4.3 million, respectively for fiscal year 2015. Net income available to common shareholders, which included estimated tax expense of $1.6 million, was $1.8 million for the fiscal year ended September 30, 2015. The Company projects EBITDA of $7.6 million, or $0.53 per share, and earnings per share of $0.13 on 14,239,836 common shares outstanding for fiscal year 2015. The projected backlog at September 30, 2015 was $71.3 million.

1.18 x 1.25

Energy Services of America Releases Earnings For Fiscal 2015

10:00 am ET December 2, 2015 (PR Newswire) Print
Energy Services of America (the "Company") (OTCPink: ESOA), parent company of C.J. Hughes Construction Company and Nitro Electric Company, announced today revenue of $116.8 million for the fiscal year ended September 30, 2015. Gross margin and income from operations were $10.9 million and $4.3 million, respectively for fiscal year 2015. Net income available to common shareholders, which included estimated tax expense of $1.6 million, was $1.8 million for the fiscal year ended September 30, 2015. The Company projects EBITDA of $7.6 million, or $0.53 per share, and earnings per share of $0.13 on 14,239,836 common shares outstanding for fiscal year 2015. The projected backlog at September 30, 2015 was $71.3 million.

Douglas Reynolds, President, commented on the announcement: "We are very pleased with our earnings for fiscal year 2015. We increased revenues and income from continuing operations before tax by $23.5 million and $2.4 million, respectively, compared to fiscal year 2014. Also, the $71.3 million backlog entering fiscal year 2016 is a $19.5 million increase over the $51.8 million backlog entering fiscal year 2015. We expect to continue building on the past three year's success in fiscal year 2016."

Below is a comparison of the Company's unaudited operating results for fiscal year 2015 compared to fiscal year 2014:

Twelve Months Ended Twelve Months Ended
September 30, 2015 September 30, 2014
(Unaudited) (Audited)
Revenue $ 116,800,046 $ 93,273,139
Gross profit 10,864,205 8,511,218
Income from operations 4,279,871 2,155,609
Income from continuing operations before income taxes 3,711,522 1,360,719
Income tax expense (benefit) 1,597,332 (2,342,244)
Income from continuing operations 2,114,190 3,702,963
Dividends on preferred stock 309,000 386,250
Income from continuing operations
available to common shareholders 1,805,190 3,316,713
Income (loss) from discontinued operations
net of tax expense 26,340 (54,766)
Net income available to common shareholders $ 1,831,530 $ 3,261,947
Please refer to the table below that reconciles EBITDA and EBITDA per share:

Twelve Months Ended Twelve Months Ended
September 30, 2015 September 30, 2014
(Unaudited) (Audited)
Revenue $ 116,800,046 $ 93,273,139
Cost of revenues 105,935,841 84,761,921
Gross margin 10,864,205 8,511,218
Selling and administrative expenses 6,584,334 6,355,609
Income from operations 4,279,871 2,155,609
Depreciation expense 3,291,386 3,384,504
EBITDA $ 7,571,257 $ 5,540,113
Common shares outstanding 14,239,836 14,239,836
EBITDA per common share $ 0.53 $ 0.39
Certain statements contained in the release, including without limitation statements including the words "believes," "anticipates," "intends," "expects" or words of similar import, constitute "forward-looking statements" within the meaning of section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements of the Company expressed or implied by such forward-looking statements. Such factors include, among others, general economic and business conditions, changes in business strategy or development plans and other factors referenced in this release. Given these uncertainties, prospective investors are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/energy-services-of-america-releases-earnings-for-fiscal-2015-300186481.html

SOURCE Energy Services of America Corporation

some big buys here.

Slow and steady wins the race...

is it my level 2 as I am not seeing an ask price?

What was it?

I hope they are pushing for Regional accreditation as that would make them much more desirable.