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Can someone explain what happened to ARSC. I bought shares in 2010 and now my etrade account says that ticker is invalid and worth 0. But I see a new ticker ARSCD?
DealerTrack Settles Patent Infringement Suit With RouteOne
10/5/2012 9:52 AM ET
(RTTNews) - DealerTrack Holdings,Inc. (TRAK:Quote), a web-based software solutions provider, Friday said it settled the patent infringement case with RouteOne LLC. The company said it plans to file a stipulation of dismissal in a District Court in California thereby renouncing all claims it made in the suit against RouteOne in 2004.
"We're pleased to have preserved the strength of our patents, while achieving a successful outcome to the litigation and is a big win for our clients," stated Mark O'Neil, chairman and chief executive officer, at DealerTrack.
ClickMotive Acquisition By DealerTrack Is Just The Tip Of The Iceberg
http://www.automotivedigitalmarketing.com/profiles/blogs/clickmotive-acquisition-by-dealertrack-is-just-the-tip-of-the
Posted by Brian Pasch on October 2, 2012 at 10:00pm
DealerTrack's announcement that they acquired ClickMotive for 48.9 million in cash came as no surprise to me. It was not a surprise because I had insider information. Quite the contrary. I have been predicting that the marketplace would have to consolidate based on market forces and technology trends.
There are over 50 companies offering car dealers website platforms; too many choices for such a core function for automotive retailers. Many of these website companies are single product solutions which is becoming a liability in an industry that is moving towards complete end-to-end marketing solutions. (i.e. VinSolutions, Dealer.com, and Cobalt.com)
Each year PCG Consulting gives out the annual Automotive Website Awards (AWA). The review process gives me a birds-eye view of the marketplace for technology solutions that serve car dealers.
ClickMotive has strong products and a large customer base (3,000 dealers) that would be an ideal fit for any company looking to create their own robust, full-service marketing platform. ClickMotive has been recognized with AWA awards for their desktop website technology as well as for their mobile solutions for dealers. ClickMotive also provides dealers with a digital advertising solutions; search, display, and retargeting campaigns.
DealerTrack was missing a robust digital marketing platform to compliment the website and inventory management tools provided by their eCarlist acquisition in 2011. Time will tell if DealerTrack can pull off the required integration to create a powerful management console for their diverse portfolio of software products; DMS, Websites, Mobile Technology, Inventory Management, Vehicle Merchandising, and Advertising .
The future DealerTrack backend user interface will be critical for the company to call their suite of products fully integrated. Companies like Dealer.com and VinSolutions have a head start on DealerTrack by providing a robust single-login solution for all their marketing products.
With Dealer.com's recent release of CRM software, the competition for integrated solutions is getting more interesting.
If Cobalt can pull off a major upgrade to their CRM and integrate CRM data with their suite of social media, reputation management, and digital marketing solutions, things will get interesting.
Dominion Dealer Solutions has also been working on re-branding all their products and creating an integrated software suite. Their introduction of Adaptive Website Technology was recognized with a 2012 AWA.
So you can see that integrated platforms is not just a fad but a very serious trend in our industry to reduce the number of products and companies that dealers need to run their business using data and analytics to compliment their operational team.
I'm betting that DealerTrack will do a good job at maximizing the tools that they now have in their possession. The only missing piece left for DealerTrack is a powerful CRM solution. The clock is ticking...who will be the next acquisition? Any predictions?
Single Product Solutions Are In Danger
As I look out at the automotive marketplace, it will be increasingly difficult for stand alone digital marketing companies to make a living. There are many great products designed for car dealers that are begging to be incorporated into a suite of marketing solutions that provide integrated analytics and reporting. How many stand alone products can you name that will eventually be merged into a robust marketing platform?
Take chat for example. There are over a dozen chat solutions used by car dealers on their websites and only Dealer eProcess has a fully integrated chat solution. Do you see a future where chat can continue to be a silo product? I don't. Chat should be part of a powerful CRM solution that allows dealers to communicate with customer with any device and any form of communication technology.
How about equity mining? This software functionality should be integrated into the CRM system. Equity mining software will enable dealership sales professionals to pull customers coming into the service drive or who are in equity and present compelling reasons why they should upgrade to a newer model vehicle. There is no reason why this should not be a part of core CRM functionality.
How about websites? With OEM endorsements being the real goldmine for software providers, will OEM's start to endorse solutions that come with integrated marketing components and shy away from stand-alone solutions? Integrated platforms can offer dealers and OEM's a far richer dataset than stand alone products.
The owners of the very best stand-alone products in our industry need to come together SOON and work out consolidation/partnership deals before the music stops.
Remember Playing Musical Chairs?
The automotive services industry is playing a very critical game of musical chairs. When the music stops, there will be some companies that will not have a chair to sit on.
Any vendors reading this article should heed this warning. Robust, integrated marketing solutions are the norm in other industries. The automotive retail industry will be no exception, it just has taken a while to catch up with the rest of the world.
Dealers reading this article should also take note; pick your partners carefully. If your technology partners are not growing their set of marketing, analytics, and decision making tools you should be looking for companies that are taking the lead.
Enterprise reporting and leveraging "big data" will be key components to the most profitable dealerships in the years to come. What do you have to say about this wave of consolidation? Add your comments below.
Brian
Brian Pasch, CEO
PCG Consulting
732.672.2356 cell
DealerTrack just aquired Clickmotive! Rumor is they are buying more. Industry leader in automotive dealership software and services.
On May 23, 2012, Liat Franco resigned as Director of Forex International Trading Corp. to pursue other interests. Franco’s resignation was not the result of any disagreements with management.
Another big day! LEOM 0.41 ? +0.20 (95.24%)
I picked up some cheap shares last week and today we are back up!
Big day today! 0.41 +0.22 (+115.79%)
Forex International Provides Corporate Update
9:00 AM ET 3/5/12 | BusinessWire
Forex International Trading Corp. (the "Company") (OTCBB: FXIT - News), today announced that in addition to the $732,000 received upon execution of the Annulment of the Share Purchase Agreement in December 2011, the Company has received two additional monthly payments as agreed on the settlement agreement. The Company also continues to maintain its website, www.4xint.com, under its white label licensing agreement, where it operates its forex trading platform. Management of the Company continues to evaluate opportunities in which it will deploy its cash reserves.
On December 13, 2011, the Company loaned Fortune Market Media Inc. $150,000. In consideration of such loan, Fortune Market issued a Promissory Note to the Company, which bears interest at 12% per annum and matures on February 13, 2012 and is secured by the securities of an existing public company. To date Fortune Market did not pay off the Note, and the parties are negotiating the offset of the amount due under the Note against credit balances of Fortune Media's affiliates.
On December 20, 2011, effective January 2, 2012, Erik Klinger was appointed by the Company to serve as the Chief Financial Officer and a Director of the Company. Mr. Klinger's principal objectives will be to assist in the deployment of the Company's assets, management and oversight of the Company's financial statements and filings with the Securities and Exchange Commission, and to perform due diligence on proposed acquisition targets, if any.
On December 28, 2011, the Company engaged Rosen, Seymour, Shapss, Martin & Company LLP as its independent registered public accounting firm for the Company's fiscal year ended December 31, 2011.
On February 13, 2012, Direct JV Investments Inc., a wholly-owned subsidiary of the Company entered into a Joint Venture Agreement with a third party , whereby the Company will from time to time provide financing to certain alternative, green and solar energy projects with the goal of sharing in any rebates awarded by the government on any of the projects.
The Company is currently evaluating and negotiating a mid--term debt investment whereby it will invest approximately $250,000 that will be secured by a second trust deed on real property. There is no guaranty that the Company will be able to finalize definitive financing documents or that it will close this investment.
About Forex International Trading Corp.
Headquartered in Haifa, Israel, Forex International Trading Corp. operates an advanced online trading platform through a white label licensing agreement for non-US Forex markets through www.4xint.com. The Company focuses on providing individual and institutional investors a platform for buying and selling currencies, precious metals and commodity futures. The Company provides platforms for self-directed, broker-assisted, managed accounts and accumulation programs. Through this platform, customers have access to over 20 currencies and bullion deliveries.
For more information, please visit: http://www.forex-international-trading.com
Forward-Looking Statements: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others, whether Forex International Trading Corp. can successfully execute its operating plan; its ability to integrate acquired companies and technology; its ability to retain key employees; its ability to successfully combine product offerings and customer acceptance of combined products; general market conditions; and whether Forex International Trading Corp. can successfully develop new products and the degree to which these gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release. Forex International Trading Corp. does not undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE: Forex International Trading Corp.
Forex International Trading Corp.
Mrs. Franco, 888-333-8075
CEO
February 14, 2012 11:34 ET
Leo Motors Announces Electric Sports Car on 2012 Mastretta Platform
"Mastretta MXTE Powered by Leo Motors"
http://www.auto123.com/en/multimedia/photos/gallery/mastretta-mxt-taking-on-the-lotus-elise?bid=138668&binding=3#pg=p_1_n_a
LAS VEGAS, NV--(Marketwire - Feb 14, 2012) - Leo Motors, Inc. (PINKSHEETS: LEOM) announced today that it has entered into an agreement with Mastretta Cars to co-develop the electric version of their 2012 Mastretta MXT.
The Mastretta MXT was recently recognized by Road & Track Magazine "10 Best Cars"; L.A. Auto Show on Nov. 17, 2011, and was also well received at the Paris Auto Show.
The development of this high performance electric sports car will use the body and chassis of the Mastretta MXT and the electric power train, electric motor, battery power pack and other electric vehicle (EV) components from Leo Motors.
Additionally, Leo has entered into a Memorandum of Understanding (MOU) with Beverly Hills Exotic Motors in Los Angeles to promote and sell the MXTE once the development is complete.
Deloss Pickett of Beverly Hills Exotic Motors added, "The combination of Leo Motors' proven technology and Mastretta's design and production capability is a stunning combination that will be the envy of Hollywood and to be sought from around the world while at a reasonable price.
"The MXT is already a wonderful gas powered street legal race car powered by a Turbo Ford-sourced engine.
"I recently test drove the MXT at Mastretta's home track outside of Mexico City and it is a thrill to drive. The car is eye-popping on the freeway as well. I'm honored to have the opportunity to work with these two innovative companies."
Leo claims that the MXTE will perform higher speed and longer distance than any other EV's ever developed for the road using MXT's light weight aluminum and carbon fiber body and Leo's high power electric power train and battery management system (BMS).
According to John Lee, CEO of Leo Motors and a pioneer in the EV industry, "Leo has already been developing an electric super car named as LZ-1 since last year and by adding the MXT to its portfolio, Leo will be specialized in the high speed premium EV market."
John Lee noted that Mexico is Korea's 10th largest trading partner posting $11.3 billion in 2011.
About Leo Motors
LEO MOTORS is a US public company based outside of Seoul, Korea, engaged in the development, manufacture and sale of Electric Vehicle (EV) power trains and components. Leo has developed many original EV power trains and has converted many models of existing internal combustion engine (ICE) vehicles into EVs, including scooters, motorcycles, highway speed sedans, buses and trucks. Leo Motors has also developed Zinc Air Fuel Cell Generator (ZAFCG) which will free EV's from range limitation with zero emissions.
About Mastretta Cars
MASTRETTA CARS is a division of Tecnoidea SAPI de CV, a Mexican design and engineering consulting firm based in the Mexico City area with more than 20 years experience in the transportation industry. Through creativity, innovation and technology, Tecnoidea helps businesses create products from the initial concept all the way to successful product development. Tecnoidea effectively becomes an extension of its clients' product development team. Backed by a solid reputation in providing world-class design and engineering services, Tecnoidea enables visions to become commercial success.
Tecnoidea drew upon all areas of its business to develop the MXT, which clearly demonstrates the capabilities of the company.
Forward-Looking Statement
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company's reports and registration statements filed with the Securities and Exchange Commission.
www.leomotors.com
http://www.marketwire.com/press-release/-1619626.htm
I am no longer the mod.... :(
So any news on divys?
We can't even sell, not even worth anything. I took a gamble like all of us and lost, just sucks, Gave Darren benefit of a doubt, p&d was either right on or just caused the ruin of this stock.
Only a miracle will make this stock do anything.
I will be an assistant
Well we are official priced below a penny. Not good.
This stock charts over the last year makes me sick.
You would think they would do a conference call for shareholders.
Quarterly Report:
http://ih.advfn.com/p.php?pid=nmona&article=50132461
Big day tomorrow, already getting alerts.
Sorry I don't. I am hoping for a miracle here, I get depressed just checking on this stock.
Anyone call Darren?
This is just depressing.
Well Darren did say he wanted to be completely transparent. Reach out to him and give us an update.
310-729-9007
darren@4xint.com
ddunckel@hotmail.com
This sucks! What is going on with this stock? .05 Seriously?
Interview with Michael Weissman, President, Beam Finacial Group LLC
http://www.youtube.com/user/beamfxnewyork
Part 2:
Just to clarify. What is the relationship between FXIT and Beam Finacial Group LLC?
Yeah this needs to be at least .25
What the heck, adding!
Aaaaarrrrggghhh!!!! Whats going on? now down to .05?
What are everyone's thoughts from the Conference Call?
Drumstick haven't you talked to the CEO of FXIT before for like a 1/2 hour a couple months ago and thought good things? When was the last time you talked to him? Have you voiced your concerns?
Email Response from CEO Darren Dunckell 8/19!
I sent Darren Dunckell an email with a couple questions and he responded back. Wanted to pass it along. Thanks Darren.
As a FXIT shareholder I was wondering if you could answer a couple of questions.
It has been sometime now since the pumpsanddumps alert, and it seems they have laid off FXIT. What are you and/or the company doing/or going to do to build back the confidence in FXIT?
I believe that if we continue to provide investors with as much information about what we are doing and how the company is performing it will build confidence in shareholders. In addition, I am trying to make myself available for all shareholders and would like to help generate more interaction with shareholders. The earnings call we did last quarter is an example of trying to create opportunities for shareholders to not only hear my ideas but also a chance for them to ask questions and voice any concerns, support or ideas.
They seem to bring up a lot about the past. What specific examples from your background can you provide to prove your honesty and integrity?
I believe that the actions people take speak louder than any words. I have since day 1 with this company made myself available to anyone who wants to contact me. If you were on the Q1 earnings call, you may recall that I took any and all questions. I did not try to dodge any questions regardless of the topic. What I have found in my life is that people who are out in the open and don’t hide behind screen names and P.O. Box addresses tend to be the most genuine. The internet has created great opportunities in this world but it has also brought out the dark side of humanity by allowing anonymity.
Almost everyone i know that got into FXIT has lost over 80% of it value and it doesn't look it is coming up.
I have been in the Financial Services business for over 20 years and in my experience “stories” about stock, good or bad, have only carried a stock for 3 to 6 months, at some point fundamentals took over and began to create a longer term valuation. I believe that this will be the case with FXIT as well.
Are you doing anything about trying to improve the share price?
The company continues to report the results of our business. Most recently our 2nd quarter financials, in which the consolidated revenues of the first 6 months were just over $7 million compared with last year’s full year revenue around $7.5 million. We trying to get out the message to gain the attention of investors so they can evaluate and decide if they see value. I continue to talk with existing shareholders and potential shareholders because I believe that the better investors understand the business the more likely they are to buy. The Forex business is a business that not everyone completely understands which in my opinion is why FXCM and GCAP are trading at such low multiples compared to other financial services companies. One of my jobs is to better educate the investor community so that they can make informed decision about buying or selling FXIT stock. I believe this will improve the share price of the stock.
Do you feel that the marketcap represented by your shares represents a fair value for your company, and if not, why not?
As CEO I am not able to give price targets but there are several valuation methods which we believe suggest the stock may be undervalued from a fundamental standpoint. For example, the market cap is currently less than 1 times 6 months revenue, the stock is trading at less than 10 times 2nd quarter basic earnings per share, and there are others. I believe that the current valuation has been affected by investors understanding or lack of understanding of the business we are in. As we the company continue to educate the investing public about the company and the industry, we believe this will eventually be reflected in the stock price.
Who are FXIT biggest competitors and what are you doing that your competitors aren't doing yet?
We compete to some extent with all of the major players in the online retail forex trading space including FXCM, Gain Capital, Saxo Back, etc. although since the market is still I believe in the early growth stages (Aite Group estimates approximately 8 million+ on line Forex traders out of 110 million+ on line investors world wide) we are not typically taking an existing customer of a competitor in order to grow. Most of our growth is coming from new traders. In addition, while each of these companies have customers in our primary target markets these competitors are not necessarily targeting the same markets we are.
Do you have anything in your product pipeline today that will give you a clear competitive advantage in the future?
We have developed a binary option product that we believe presents significant opportunities in the market place. I would not necessarily say it provides a clear competitive advantage but it is a product that not all of our competitors have. I do believe that our team of employees and our ability to successfully market and retain customers makes us very competitive in the marketplace.
Is entering into the US market a major goal of FXIT and how is going to effect FXIT?
It is a goal for FXIT to enter the US market. I cannot say it is a major goal. Our operating company has built from Jan 2009 a business that has taken in over $25 million in deposits and processed over $50 Billion in trades without operating in the United States. In 2010, according to the International bank of Settlements approximately 75% of transaction occurred outside of the United States. While the U.S. market I believe has great potential it is not essential for success. We believe that we can create some synergies within the United States that increases the attractiveness of operating in the U.S.
But until that can be established the business matrix is much different. Offshore we allow customers to leverage their equity 100 times and the typical spread is around 3 pips (1 pip = $0.0001) which provides a round trip revenue of approximately 3% of equity invested. In the U.S., customers are only allowed to leverage 50 times and we would only be able to capture approximately 50% of the spread so around 1.5 pips so the round trip revenue would be about .75% of equity invested.
Is it OK for me to post your responses on the ihub forum?
YES
Thank you Darren!
P.O.S.T. = Price Of Shares Traded?
Was hoping to see the 10-Q today but just saw thet filed a NOTIFICATION OF LATE FILING http://www.sec.gov/Archives/edgar/data/1471781/000101376211002170/form12b25.htm
Anyone try and call Frank for an update? I keep getting voicemail.
Got it. Go FXIT!