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News out via the website:
Company Releases Quarterly Financial Report for the Six Months ending June 30, 2018
September 14, 2018
Tesoro Enterprises, Inc. (TSNP) has released its Quarterly Report for the Six months ended June 30, 2018. Net sales for the six months period ending June 30, 2018 were $ 73,444 compared to Net Sales of $ 83,141 for the period ending June 30, 2017.Net income for the six month period ending June 30, 2018 was $ 8,786 compared to Net Income of $ 20,786 for the six month period ending June 30,2017. Financial Statement for the periods ending June 30, 2018, December 31, 2017 and December 31, 2016 are embedded below.
Company CEO, Henry J. Boucher, stated that " even in the face of increasing competition in the retail sector from discount wholesaler/retailers, like Lumber Liquidators and the big "box" stores, the Company has continued to remain profitable through the last six quarters We have also strengtnen our balance sheet over that same time period.
News was released last week. Looks like they’re in the green...
http://www.tesoroenterprises.us/news.html
I haven’t talked to him in some time but he can be reached at (801) 575-5000.
News was released last week by the way on the company's website. http://www.tesoroenterprises.us/news.html
I spoke to Mr. Mackey today. He told me that he's very frustrated that the website is not up but that the company is, of course currently inactive. Yet there is some hope. A man with a revolutionary patent in the eye space, which is in the same field as Paradigm, is coming to meet with Mr. Mackey in May in order to discuss using the patent to raise money. This company has great products yet they need to be updated. Thus, the money would go to that and reestablishing the company.
I talked to the Chairman of Paradigm today. Not much in corporate America happens in December. Nevertheless, the DTCC bas lifted the chill on the stock, they have negated down the debt they owe to a very reasonable level. They are looking for funding and have a qualified team who are working on that. Steve Davis resigned as president but has helped from time to time. If this company becomes active again, new management would be installed, perhaps including the person who is working on the funding. They desperately need to raise funding but I do see light at the end of the tunnel.
I talked to the chairman of this company today.
He recently returned from a vacation.
This company is still seeking financing.
I am cautiously optimistic... He told me that I can call him in a few weeks...
The CEO recently stated that he has received a substantial amount of questions regarding the transaction. He is not able to address these questions on a one to one basis. The last thing we need is hundreds of people emailing him. How about we let him do his job. He will put out a PR in a few weeks when the products are up on the Wayfair website.
Tesoro Enterprises, Inc. (TSNP)
On June 26, 2015, the Company issued the following update to its press release of June 19, 2015 relating to its announcement regarding the Supplier Agreement signed with Wayfair LLC.
Subsequent to the signing of the agreement, the Company uploaded approximately 250 SKU’s, 25 individual items with their variations. Wayfair has indicated that it will take “two to three weeks to complete initial launch”.
The Company has received questions concerning the transaction from current share holders or other interested parties. Since the Company cannot answer these questions on a one to one basis, it has decided to publish the questions and answers here.
- Q. How long will it take to actually have product up on the Wayfair site(s)
- A. As quoted above, the company has delivered the first traunch of product data to Wayfair and has been informed that it will take two to three weeks to complete the initial launch. Subsequent to the initial launch, the company will have direct access to the site and will be in a daily update, add, change and delete relationship.
- Q. Does the company have any forecasts for volume resulting from the Supplier Agreement?
- A. Wayfair will provide volume forecasts once the initial launch is completed. ((Aside, what Wayfair ($3 billion revenue company) considers significant has a much different impact on TEI.))
- Q. Why not a broader Press release?
- A. We will do this once we have product up on the Wayfair site.
There have been other questions that have surface as part of this announcement. So we will add them to the list.
- Q. Is the company planning any sort of share restructure such as a reverse split or retirement?
- A. Not at this time.
- Q. Is there any share dilution occurring?
- No, the company has not issued any new common shares or any convertible securities in over 4 years. The issued and outstanding, except for share purchased back by the company for the treasury, has not changed. Please review the filed financial statements on the OTCMarkets.com web site.
The chill got removed a while ago (February). Other questions?
http://paradigm-medical.com/Library/News%20Release_020215.pdf
I talked to Mr. Mackey today. The future- although uncertain- does look bright. The company, despite it being inactive, has low debt levels and from my understanding they have until the end of the month to pay off the NIR debt. They are hoping for an extension due to the fact that they do have interest from investors (although no definitive deal has been reached yet). Given that they were surprisingly able to get the chill lifted, I think good things are in store for PDMI.
Indeed, news is out on the website:
http://paradigm-medical.com/Library/News%20Release_020215.pdf
Actually the original letter was sent over a month ago. But they wanted more info from them which can be a good sign. Thus, they recently sent them more info.
So I just got off the phone with the Chairman. Mr. Mackey told me that he is currently in negotiations with the Depository Trust Company. Basically, a couple of weeks ago, the DTC sent him a letter requesting additional information. Thus, two weeks ago he sent in the new information that they requested (this obviously is important- the DTC wanted more info). He also noted that he should hear back from the DTC soon and will post on the website when the chill is removed.
So I just talked to the Chairman, Mr. Mackey. He told me he has hired an outside lawyer to help with the removal of the DTC chill. That lawyer is now out of town for the next 10 days so it will take some time. Once the chill is removed, the company can become active again. This company has great products- and Mr. Mackey added that he was hopeful that it would be removed.
Here is the full version from their website:
Company publishes preliminary earnings report for three month period ended June 30, 2014
July 25, 2014
Tesoro Enterprises, Inc. (TSNP) issued preliminary financial performance information for the second quarter of 2014. Revenue for the three months ended June 30, 2014 was approximately $72,500, an increase of approximately $53,000, or 200%, over the revenue reported for the three months ended March 31, 2014 of $18,962. Net Income, before income tax, for the three months ended June 30, 2014 was approximately $3,900, an increase of approximately $26,758 over the Net Loss of ($22,858) for the three months ended March 31, 2014.
Company CEO, Henry J. Boucher, said that the improved performance of the company is the result of the replacement of the closed retail store in Wilton, CT with the acquisition of JZM electrical contractors, the increased in sales in the New Canaan, CT store and the reduced overhead of the retail store.
http://www.tesoroenterprises.us/index.html
I spoke with Mr. Mackey this morning. The main thing, he said, is getting the chill removed, and if it does get removed, then he plans on moving this company forward by hiring new management. He is optimistic that the chill will be removed but he said that it will take a few more weeks. He also stated that he is working on reaching an extension with NIR apropos the debt- news should be posted on the website soon- and that he is not getting paid for the work he is putting in. But he does own a lot of shares since he is the Chairman thus he has an incentive to get this company back on its feet which I think he ultimately will.
Expect more acquisition news soon. Remember back in January when the CEO stated "My goal is to have revenues in our Waste Division between $35M and $50M by the end of June 2014. We have identified several acquisition targets and are in process of negotiating with them in an attempt to close them in the next 90 days, which will get us close to the $35M revenue target."
I had a nice talk with Randall Mackey yesterday, the Chairman of PDMI. He told me that they are currently in a quiet period, but that there should be news on the website out shortly (perhaps within the next week). Anyways, he has put a lot of money into this company and it looks like things may work out...
Someone should sticky this news:
http://paradigm-medical.com/Library/News_Release_033114.pdf
Perhaps you- or someone- will call Mr. Mackey for another update since the last time I called him.
The company received notice of approval from the Liquidator to extend the deadline from January 17, 2014 to June 30, 2014. In view of the recently completed Settlement Agreement, PDMI intends to make a further request to the DTC to remove the "chill" that it imposed on the Company's common stock.
Would you like to give him a call- perhaps next week? He told me 2 weeks ago or so that financials are coming- but he would say that, wouldn't he.
Below is an email I received today from TSNP; I asked them about the Future Perfect acquisition- hey, at least they are interested in getting into LED lighting.
Unfortunately this specific acquisition has not worked out. We are reviewing other candidates to replace it. The company believes it is important to have this capability in the family to enhance any opportunities in the LED lighting market space.
Bud
I got an email from TSNP today. I asked about the financials; the CEO replied that the financials are due on the 31st of March. He also stated that they are going to come out before the 31st of this month. Thus, they will be out real soon. Smart money is holding.
OK, I just talked to Mr. Mackey, the Chairman of PDMI. What did he say? Well, they have filed financial reports up through the end of June of 2013. And they will file the remaining one very soon. Yes, they are in a quiet period- but they are working through some issues. He pointed out that further news will also be posted on the website and that he's a shareholder, too (thus he wants the stock to go up just as much- and probably more- than everyone here).
I spoke with Jeff yesterday. So, basically, the transaction will close before the end of the quarter, aka before the end of march. They are in the final stretch, he said. Yes, delays happen, but what we have here is a real business. And this transaction will cement it's legacy.
Hey, maybe you should ask Mackey- now that its been a couple of weeks since your last update- when the financials are coming out? And about new new management, paramax, the chill, etc.
HE SAID ON THE CONFERENCE CALL THEY ARE NOW GETTING INTO THE LED LIGHTING BUSINESS! THIS IS VERY GOOD NEWS FOR SHAREHOLDERS!!
Just wait for the news of the celebrity- which might be out as early as next week- to hit. Things are looking up.
Everyone remember that we have a 3 day weekend- the market is closed on Monday. Good things happen over 3 days weekend. get ready for financials (I hope) next week and the website (I hope) among ] other good news.
Integrated Customer Service and Logistics App Submitted For Testing to Fortune 100 Company
Print
Here To Serve submits beta version of cConnectsTM
ALPHARETTA, GA / February 3rd, 2014 / ACCESSWIRE / Here To Serve Holding Corp., (OTC Markets: HTSC), a diversified holding company, currently with two divisions, today announces it has released its beta version of cConnectsTM to a Fortune 100 Business Services company for testing; which has a potential monthly recurring user base of over 20,000,000. cConnectsTM is a cloud-based mobile application enabling organizations to bring their customers and operations closer, providing the ultimate customer service experience. At the request of the Fortune 100 Company and under a mutual NDA, access to the cConnectsTM beta version has been granted for testing and review.
cConnectsTM is a cross platform, cloud based service using real-time logistical and telephony technology to improve the communication and accountability of an organizations workforce, while driving customer loyalty. cConnectsTM brings scheduling, customer service integration and human asset/fleet management together as one comprehensive solution for reducing costs and providing radical efficiencies of any size company. cConnectsTM will eliminate the traditional capital investment for hardware and software to implement this type of solution. cConnectsTM seeks to disrupt the traditional challenges of connecting customers with the internal structure of an organization.
cConnectsTM delivers up-to-the-minute scheduling metrics and notifications directly to a user’s smartphone. Operational data is segmented for quick, easy review; such as GPS location, availability and scheduling, customer service communication, employee performance and scheduling alerts.
“cConnectsTM is a cross platform smartphone app providing logistics and communication tools to organizations looking to increase efficiencies throughout their operations. It allows a greater level of time management and accountability to all its users. At the same time, cConnectsTM gives decision makers in customer service organizations a high-level of instant feedback to quickly adjust their strategies, organize their human assets and fleet, while at the same time provide increased transparency to their customers,” said Jeffrey Cosman, CEO of parent company Here To Serve Holding Corp. and creator of cConnectsTM .
Here is the email:
Financials are around the corner' being worked on! I want the company both off Stop & yield and go to pinks ! Then more to come ' peace
So I just got an email from Alf. Good news: they are working on the financials, which should be out very soon. I am expecting great things from this company.
Because it will attract new investors. Once the chill is removed it will make it more likely for new investors who will be paying to settle the debt issue.
O.K., I just talked to the Chairman of Paradigm, Mr. Mackey. I learned that they are currently working on that extension- he's optimistic about it, although he's obviously not 100 percent that it will happen. The former controller has been helpful with this. Also, they are virtually current on the financials- in fact, they will be current by the end of next week. Check the website then. And keep your fingers crossed re the extension.