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Raise the ask, make the shorts pay.
Looking great! Up 100% from a few days past, moving to .025 EOD
Manu Kumaran, chairman and CEO of Medient Studios, Inc., received the UIBS Award for “Initiatives and Efforts in Promoting Films & Media Business Between USA and India” in Atlanta, Georgia, Sept. 12.
The award was presented to the Indian American entrepreneur by Ajit Kumar, the consul general of India, at the fourth Annual USA India Business Summit held at the Georgia Tech Historic Academy of Medicine.
“Medient has created history by making a large investment and commitment to film and media industry in Georgia and USA. We expect many good products and films to audiences worldwide,” Ani Agnihotri, founder and managing partner, US India Business Research Center, stated in a press release.
Earlier in the day, in his address to the conference, Kumaran spoke about the growing business and entrepreneurial opportunities in film and new media.
The goal of the UIBS is to promote business and investment between the United States and India in key areas of technology, clean tech, infrastructure, logistics, real estate and investment and more. The summit sought to connect entrepreneurs and small-to-medium size businesses.
Meanwhile, Medient announced Aug. 26 that it has executed a $5 million credit facility with TCA Global Credit Master Fund, LP. The facility will finance development of motion pictures and also print and advertising costs for U.S. domestic release of films.
Medient is building a fully integrated movie and game production facility and campus on a 1550 acre property in Effingham County, Georgia. Once operational this production facility will reportedly be the largest of its kind in the United States.
Read more at http://www.indiawest.com/news/13830-medient-studios-manu-kumaran-receives-uibs-award.html#PpRIwK2JZA4wOeJm.99
This is about to take off. Same as a year ago when it flew to the teens in a day.
Take your profits at 500% rather than 50%.
This is about to take off. Same as a year ago when it flew to the teens in a day.
Nice after hour buys. Easy jump to pennies Monday.
This will run. Just a year ago it jumped from .0077 to .13 in a days play.
Educate yourself.
(Editors' Note: This article covers micro-cap stocks. Please be aware of the risks associated with these stocks.)
One of the catalyst that effect stock price is liquidity. And, one of the determinants of liquidity is exchange listing. Companies can see an effect on stock price depending on where the security is traded, particularly when there is a change of venue. I had this fact re-enforced a number of years ago.
A Historical Example - Rare Element Resources (REE)
In the summer of 2010, I had taken a small speculative position in some rare earth miners, including a small Canadian prospector traded on the Toronto exchange. I did not carefully follow the position, as it was a satellite holding in my portfolio, and so was caught off guard when my open sell limit order was canceled. Come to find out, the company was uplisting on AMEX.
I re-entered my sell order using the new symbol and received a fill a few days later. I had bagged a double. But, over the following weeks I watched as the stock doubled again and again, peaking at more than 10 times my initial purchase price. But, there was no fundamental reason for the price climb. It was simply the uplisting to AMEX and speculation that caused the surge in stock price. So, the price eventually returned to a more reasonable price level.
Introduction
This article will look at and summarize the listing standards for the major U.S. exchanges, including NYSE, NASDAQ, and AMEX. It will then compare those listing standards to the financial and market data of certain OTC or pink sheet traded companies popularly associated with the cannabis industry. This will help us determine the reasonability of uplisting.
Retail investors should understand that initial listing requirements for the major exchanges are set by the exchanges themselves and are higher or more stringent than the standards set to maintain a listing on the exchange. To relate, think of your brokers' margin requirements. Initial purchases usually require a higher margin percentage (50%). After the purchase is made, margin percentage is held to a lower standard (25%). Investors should also keep in mind that failure to meet exchange standards does not result in immediate delisting.
Listing Requirements
NYSE Listing Requirements
In order for a stock to list on the NYSE it must meet certain criteria, including a minimum price of $4 per share, 1.1 million shares outstanding with a market value of public shares in excess of $40 million, and a minimum of 400 round lot shareholders. In addition to the liquidity requirements, the company must also meet one of the following financial criteria:
Aggregate pre-tax income for the last 3 years of at least $10 million with a minimum in the most recent year of at least $2 million and a minimum in the next most recent year of at least $2 million. Pre-tax income must be positive in all 3 years.
Aggregate pre-tax income for the last 3 years of at least $12 million with a minimum in the most recent year of at least $5 million and a minimum in the next most recent year of at least $2 million.
Global Market Capitalization of at least $500 million, revenues (most recent 12-month period) of at least $100 million, and aggregate adjusted cash flow for the last 3 years in excess of $25 million. All 3 years of adjusted cash flow must be positive.
Global Market Capitalization of at least $750 million and revenues in the most recent fiscal year of at least $75 million.
Global Market Capitalization of at least $150 million, with total assets of at least $75 million and stockholders' equity of at least $50 million.
NASDAQ Listing Requirements
The NASDAQ Stock Market has three listing tiers: Global Select Market, Global Market, and Capital Market. Because the listing requirements for NASDAQ Capital Market are the least restrictive, we will focus on those specific requirements.
In order for a stock to list on NASDAQ it must meet certain criteria, including a minimum bid price of $4 per share, 1 million shares outstanding, at least 3 market makers, and a minimum of 300 round lot shareholders. In addition to the liquidity requirements, the company must also meet one of the following financial criteria:
Stockholders' equity of at least $5 million with the market value of publicly held shares in excess of $15 million, and at least 2 years of operating history.
Stockholders' equity of at least $4 million with the market value of publicly held shares in excess of $15 million and a total market value of at least $50 million.
Stockholders' equity of at least $4 million with the market value of publicly held shares in excess of $15 million and net income from continuing operation of at least $750,000 per year in the latest fiscal year, or in two of the past three fiscal years.
AMEX Listing Requirements
AMEX has the least restrictive financial standards for listing. In order to list on AMEX, it must meet one of the following criteria:
Have a pre-tax income in the most recent fiscal year or in two of the prior three fiscal years in excess of $750,000, a market value of the public float in excess of $3 million, a minimum stock price of $3, and total shareholders' equity in excess of $4 million.
Have a market value of the public float in excess of $15 million, a minimum stock price of $3, two years of operating history, and total shareholders' equity in excess of $4 million.
Have a total market capitalization in excess of $50 million, a market value of the public float in excess of $15 million, a minimum stock price of $2, and total shareholders' equity in excess of $4 million. The company must also meet a minimum number of round lot shareholders relative to the number of shares available in the public float.
Have a total market capitalization in excess of $75 million or have at least $75 million in both assets and revenue, a market value of the public float in excess of $20 million, and a minimum stock price of $3.
The Potential for uplisting
Now that we have looked at the initial listing requirements set forth by the U.S. major exchanges, we can compare both the liquidity and financial standards to certain OTC stocks that are commonly associated with the burgeoning cannabis industry.
There has been a lot of interest lately in these companies due to the names or press releases that mention or allude to medical marijuana/cannabis, or because of investor perceptions that they are associated with that industry. Therefore, below is a table with data gleaned from the companies' latest annual reports (10K) available on OTC Markets. Investors can compare the information contained in the table with the above listing requirements to determine which, if any of these stocks may be candidates for uplisting onto a major exchange.
Retail investors should note that some of the information contained in the table is dated, as many of these companies have yet to file an annual report for 2013.
Company MJNA HEMP PHOT CBIS GRNH NVLX LATF FITX TRTC ERBB AVTC DEWM ENDO EAPH REFG
Assets $12,534,000 $2,385,000 $1,279,000 $1,107,000 $27,000 $2,877,000 $1,036,000 $2,821,000 $386,000 $4,418,000 $24,591,000 $145,000 $0 $700,000 $382,000
Shareholder Equity $16,300,000 $1,683,000 ($337,000) ($2,169,000) ($147,000) ($1,501,000) ($9,880,000) ($243,000) ($461,000) ($2,354,000) $21,135,000 ($755,000) ($1,499,000) $147,000 $244,000
Stock Price $0.30 $0.14 $0.37 $0.17 $0.46 $0.43 $0.01 $0.08 $0.52 $0.03 $3.78 $0.02 $0.09 $0.05 $0.24
Shares Outstanding 947,607,961 1,649,949,387 7,118,555,833 761,323,906 150,965,723 593,411,348 1,809,425,314 3,405,969,548 123,577,646 3,457,676,996 16,459,841 1,638,150,311 67,886,647 224,712,997 75,178,431
Float 411,045,323 unknown unknown unknown 25,757,755 unknown 1,567,569,973 2,295,374,724 48,000,000 3,191,885,389 unknown 595,745,696 unknown 198,255,000 15,148,731
Market Cap $282,387,172 $222,743,167 $2,611,798,135 $130,947,712 $68,840,370 $255,166,880 $14,475,403 $262,600,252 $64,260,376 $101,655,704 $62,218,199 $24,572,255 $5,974,025 $10,516,568 $18,042,823
Market Value of Public Float $122,491,506 $222,743,167 $2,611,798,135 $130,947,712 $11,745,536 $255,166,880 $12,540,560 $176,973,391 $24,960,000 $93,841,430 $62,218,199 $8,936,185 $5,974,025 $9,278,334 $3,635,695
Total Revenue $11,872,000 $9,000 $1,451,000 $37,000 $7,000 $12,000 $267,000 $2,363,000 $533,000 $49,000 $15,342,000 $521,000 $0 $0 $0
Aggregate Earning $4,664,300 ($17,341,000) ($2,635,000) ($32,531,000) ($1,174,000) ($4,895,000) ($13,507,000) ($5,357,800) ($8,138,000) ($3,088,000) $2,212,000 ($4,121,000) ($10,596,000) ($353,000) ($3,077,000)
Recent Earning $7,107,000 ($16,459,000) ($2,186,000) ($16,038,000) ($429,000) ($1,598,000) ($47,000) ($5,549,000) ($5,836,000) ($766,000) $826,000 ($4,121,000) ($3,311,000) ($183,000) ($114,000)
Next Recent Earnings ($62,700) ($882,000) ($397,000) ($8,339,000) ($745,000) ($189,000) ($66,000) $810,900 ($2,273,000) ($1,138,000) $1,364,000 $36,000 ($1,981,000) ($113,000) ($29,000)
Pretax Income $12,145,500 ($16,576,000) ($1,271,000) ($16,633,000) ($164,000) ($1,684,000) ($47,000) ($4,640,000) ($5,772,000) ($687,000) $1,043,000 ($4,073,000) ($743,000) ($183,000) ($108,000)
Aggregate Cash Flows ($2,716,672) $2,000 ($15,000) $23,000 $1,000 ($169,000) ($68,000) $36,000 ($46,000) $4,119,000 ($494,000) ($47,000) $347,000 ($3,000) $238,000
Meets AMEX Listing No No No No No No No No No No Yes No No No No
Meets NASDAQ Listing No No No No No No No No No No No No No No No
Meets NYSE Listing No No No No No No No No No No No No No No No
Summary
Medical Marijuana, Inc. (OTCPK:MJNA) - The company does not meet the listing requirements for any of the exchanges, even if it was to do a reverse split to raise the per share price. The company also has inadequate assets, shareholders' equity and cash flows.
Hemp, Inc. (OTCPK:HEMP) - The company does not meet the listing requirements for any of the exchanges, even if it was to do a reverse split to raise the per share price. The company also has inadequate assets, shareholders' equity, revenue, earnings, and cash flow.
Growlife Inc. (OTCQB:PHOT) - The company does not meet the listing requirements for any of the exchanges, even if it was to do a reverse split to raise the per share price. The company also has inadequate assets, shareholders' equity, revenue, earnings, and cash flow.
Cannabis Science, Inc. (OTCQB:CBIS) - The company does not meet the listing requirements for any of the exchanges, even if it was to do a reverse split to raise the per share price. The company also has inadequate assets, shareholders' equity, revenue, earnings, and cash flow.
GreenGro Technologies, Inc. (OTCPK:GRNH) - The company does not meet the listing requirements for any of the exchanges, even if it was to do a reverse split to raise the per share price. The company also has inadequate assets, shareholders' equity, revenue, earnings, and cash flow.
Nuvilex, Inc. (OTCQB:NVLX) - The company does not meet the listing requirements for any of the exchanges, even if it was to do a reverse split to raise the per share price. The company also has inadequate assets, shareholders' equity, revenue, earnings, and cash flow.
Latteno Food Corp. (OTCPK:LATF) - The company does not meet the listing requirements for any of the exchanges, even if it was to do a reverse split to raise the per share price. The company also has inadequate assets, shareholders' equity, revenue, earnings, and cash flow.
Creative Edge Nutrition, Inc. (OTCPK:FITX) - The company does not meet the listing requirements for any of the exchanges, even if it was to do a reverse split to raise the per share price. The company also has inadequate assets, shareholders' equity, revenue, earnings, and cash flow.
Terra Tech Corp. (OTCQB:TRTC) - The company does not meet the listing requirements for any of the exchanges, even if it was to do a reverse split to raise the per share price. The company also has inadequate assets, shareholders' equity, revenue, earnings, and cash flow.
Tranzbyte Corp (OTCPK:ERBB) - The company does not meet the listing requirements for any of the exchanges, even if it was to do a reverse split to raise the per share price. The company also has inadequate assets, shareholders' equity, revenue, and earnings.
AVT, Inc. (OTCPK:AVTC) - The company seems to meet the listing requirements for uplisting to the AMEX exchange. Assuming the market value of the publicly available float is in excess of $15 million, it has a current price above $3 and more than $4 million in shareholder equity.
Dewmar International BMC, Inc. (OTCQB:DEWM) - The company does not meet the listing requirements for any of the exchanges, even if it was to do a reverse split to raise the per share price. The company also has inadequate assets, shareholders' equity, revenue, and earnings, and cash flow.
Endocan Corporation (OTCPK:ENDO) - The company does not meet the listing requirements for any of the exchanges, even if it was to do a reverse split to raise the per share price. The company also has inadequate assets, shareholders' equity, revenue, and earnings, and cash flow.
Easton Pharmaceuticals, Inc. (OTCPK:EAPH) - The company does not meet the listing requirements for any of the exchanges, even if it was to do a reverse split to raise the per share price. The company also has inadequate assets, shareholders' equity, revenue, and earnings, and cash flow.
Medical Cannabis Payment Solutions (OTCPK:REFG) - The company does not meet the listing requirements for any of the exchanges, even if it was to do a reverse split to raise the per share price. The company also has inadequate assets, shareholders' equity, revenue, and earnings, and cash flow.
Conclusion
Although there has been a lot in interest in these companies' stocks, and although there have been a number of question and comments floating around the comment boards and investor websites, the harsh reality is that practically none of these companies are capable of uplisting onto a major exchange.
Some of these companies may move closer to meeting requirements once a new 10K is filed for 2013, but for the most part they are still years away from potentially uplisting. In addition to time, most of these companies will have to suffer shareholders with reverse stock splits and dilution to increase assets and shareholder equity enough to qualify.
If your dream as an individual investor is to see your company uplist onto a major exchange, wake up. Your expectations are too high.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
CUPERTINO, Calif. — Apple Chief Executive Officer Tim Cook said the company sold more than $1 billion worth of Apple TV set-top boxes in 2013 and reassured shareholders at the annual meeting that the company is investing heavily in the next generation of products.
"We're working on some things that are extensions of things you can see and some that you can't see," Cook said at the annual shareholders' meeting on Friday, referring to a 32 percent increase in research and development costs last year.
Cook said Apple has acquired 23 companies in the last 16 months and remained on the lookout for interesting technology and companies. While Apple is not "in a race" to acquire the most companies or to spend the most money, that "doesn't mean we won't buy a huge company tomorrow afternoon," he said.
CUPERTINO, Calif. — Apple Chief Executive Officer Tim Cook said the company sold more than $1 billion worth of Apple TV set-top boxes in 2013 and reassured shareholders at the annual meeting that the company is investing heavily in the next generation of products.
"We're working on some things that are extensions of things you can see and some that you can't see," Cook said at the annual shareholders' meeting on Friday, referring to a 32 percent increase in research and development costs last year.
Cook said Apple has acquired 23 companies in the last 16 months and remained on the lookout for interesting technology and companies. While Apple is not "in a race" to acquire the most companies or to spend the most money, that "doesn't mean we won't buy a huge company tomorrow afternoon," he said.
Kumaran is a second generation international film producer, who has produced 19 feature films in four languages.
The oldest son of renowned Malayalam film director-producer K P Kumaran, he has been a part of the film business from an early age, working on all aspects of production and distribution.
Kumaran joined the Interpublic group agency Lintas in 1993 and quickly rose to become the youngest VP in the history of Indian advertising. In 1998, he produced Bombay Boys, a movie which altered the landscape of Indian cinema forever. The film built a new market for alternative cinema, bringing it into the mainstream.
In 2002, Kumaran set up Medient and created ABOB, India's first boy band and leveraged its success to produce Kiss Kis Ko (Who Gets the Kiss?), a film based on the band's life. In 2008, he produced the award winning Malayalam film Aakashagopuram(Castle in the Air, based on the Henrik Ibsen play Master Builder), which was the first Indian film to be entirely produced outside of India. The film set a new benchmark in East-West collaboration.
2.21.2014, 02:00 AM
Biometric scanners that can identify people are poised for big growth in building security
JAMES KEIVOM/NEW YORK DAILY NEWS
Knickerbocker Village on the Lower East Side is one of the first places in the city to install FST21.
There’s a scene in “Minority Report” where Tom Cruise gets retina transplants so he can sneak by security scanners all over the city of the future.
40+million shares outstanding. 40million dollars on hand.
This company will be back at to 3dollars soon.
Google is making moves.Google Inc. (GOOG) bought Israel-based voice password recognition company SlickLogin. The small company allows people to speak their passwords as a means to gain access to their computers. SlickLogin claims the method makes computer access more secure.
The management of SlickLogin wrote on its website:
Today we're announcing that the SlickLogin team is joining Google, a company that shares our core beliefs that logging in should be easy instead of frustrating, and authentication should be effective without getting in the way. Google was the first company to offer 2-step verification to everyone, for free -- and they're working on some great ideas that will make the internet safer for everyone. We couldn't be more excited to join their efforts.
ALSO READ: The 10 Richest U.S. Presidents
No price was disclosed, nor were Google's plans for the technology. However, SlickLogin's process is not widely used, and there is no public proof that it works well at all.
The buyout may be a new way for Google to claim that it can provide computer users a means to get onto their computers that is safer or more secure than the traditional method of typing in passwords. The "typing" model has already been replaced, to a very modest extent, by fingerprint recognition. SlickLogin could allow Google to bring new competition to the PC security sector.
What will not be clear for some time is whether SlickLogin's technology will survive hundreds of tests by experts outside Google and in media that critique the tech industry and its products. Google can afford to do massive amounts of experimentation with products it buys as a means to gain an edge in a number of businesses. No doubt, SlickLogin was not an expensive acquisition. Eventually Google may find its approach wanting, and the search company would not suffer financially at all if it cast SlickLogin aside.
ALSO READ: Meet the 2014 Warren Buffett and Berkshire Hathaway Stocks
Part of the war among large technology companies is to buy what they have not built. This has led to hundreds of acquisitions, most of which have not become part of the foundations of their parents. SlickLogin's future is far from proven. However, its founders and owners have found a means to cash in on the tech M&A frenzy.
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He also cited the strength of the company’s balance sheet, which had assets audited and valued at over $44 million with more than $16 million of net shareholder equity as of Sept. 30, 2013, “representing a book value well in excess of our current market cap.”
Kumaran said the senior management team has accepted substantial cuts in pay, “inspired and motivated by the vision and objectives of Medient.”
Meanwhile, Matthew Mellon, who brought a well-known name to fundraising for the company, has resigned after 15 months as a member of Medient’s board of directors.
Manu Kumaran, CEO of Medient Studios, speaks at the
groundbreaking ceremony for a new studio complex to be built in Effingham County near the community of Meldrim.
3 more photos >>
4 comments »
Latest by counterclockwise 2 days 6 hours ago
Manu Kumaran, chairman of the board and CEO of Medient Studios Inc., says his conversion of personal loans into common stock at book value shows his confidence in the “studioplex” planned for Effingham County.
Revolutionary Concepts, Inc. (OTCMKTS:REVO) Shoots Upward on Promise of Technology Sales
By Hristina Beeva
Feb 14, 2014
Revolutionary Concepts, Inc. (OTCMKTS:REVO, REVO message board) is in the spotlight again, with one more period of extremely high volumes that improve previous records. REVO added more than 48% to reach $0.021, on dollar volumes of $2.13 million. This is the biggest move for the ticker since the series of promotions in December, and it is supported by a series of PR updates, promises of newly patented products and revenue forecasts.
News out before close. Easy climb to double digits after hours.
Short profits are just about done. We move up from here .
Charts are thin. Ask .033 , good luck getting back in.
RAISE YOUR ASK !
PFNI keep us informed. How's the show doing/ sales?
Hold your shares. You will be rewarded, I promise.
You have to be a dope to buy marijuana stock
By CODY WILLARD
In the last few months, the marijuana stock hype has really kicked in and there’s a lot of money from mostly retail investors that’s betting big on this sector.
I’m sorry to pop their bubble, but I’m pretty sure there’s going to be a lot of that money lost after this pot stock bubble pops and these dreams of big legal profits from publicly-traded stocks with pun-like and pot-reference symbols.
I see the many headlines here on Marketwatch and you hear about “legalized pot” trends in the nightly news all the time. A handful of these stocks have recently crept into the top Scutify trending stocks board and yesterday I was asked about three or four times about various pot stocks in my weekly TradingWithCody.com chat. So here’s my take on the “pot stocks” like Hemp , GrowLife and so on.
Legal marijuana distribution and growing is way too new and full of scams out there. Criminals that are still being rooted out. You literally have to be very into that industry to get any idea of what’s trustworthy and what’s not in the stocks that are “in the weed industry.”
Very positive day, Charts are looking excellent.
Ever heard the term, do not leave money on the table?
You guys sold way to early.
The real money here is when you hold, .33
News out before close or before open Friday. Huge highs friday
Revolutionary Concepts Stock Soars 182%, on News of Global License Deal, Forecasts $30 Million in Sales, & Sets New Trading R...
Revolutionary Concepts Stock Soars 182%, on News of Global License Deal, Forecasts $30 Million in Sales, and Sets New Trading Record of 120 Million Shares Sold
Look at REVO and MDNT moving quick
Close at .035 .. Will jump after lunch.
Easy climb to .06 after lunch. REVO has massive potential. May break a dollar if people remain patient.
I predicted a close of .06 by EOW.
Looks like we will reach that today.
We are initiating sponsored research coverage of Medient Studios, Inc. (MDNT) with a $2 short term target based on DCF of a 5 year proforma of 6-8 films per year and average annual $50M EPS fully diluted primarily derived from...
Revolutionary Concepts Forecasts $30 Million in Revenues & $12 Million in Earnings From Global License of Its Patented Techno...
Revolutionary Concepts Forecasts $30 Million in Revenues and $12 Million in Earnings From Global License of Its Patented Technology Security System
CHARLOTTE, NC--(Marketwired - Feb 12, 2014) - Revolutionary Concepts Inc., (OTCQB: REVO), a publicly traded company that develops mobile video software and remote security communication systems, is forecasting $20 million to $30 million in total estimated annual revenues from the residual and ongoing licensing fees and royalties that are projected to be generated from its new global license agreement. REVO has filed formal notification of the transaction on Form 8-K with the SEC.
REVO announced today that it signed a multi-year definitive worldwide licensing agreement with a company for them to commercialize REVO's patented "EyeTalk Communicator System". The Licensee will pay REVO an up-front or pre-commercialization fee of $900,000 in consideration, and the Licensee has plans to commercialize and exploit the patents in the marketplace for the maximum financial benefit for both companies.
Of the $20 to $30 million in total estimated annual revenues projected to be generated from the marketing and exploitation of the patents, the Licensee would receive 60% and REVO would receive an estimated 40% of the total, or $8 to $12 million annually.
REVO's Senior Vice President Solomon Ali says, "We feel very positive about the new partnership with our Licensee and the potential revenues. The total forecasted annual revenues to be generated is in the $20 to $30 million range. The potential earnings for REVO is estimated at $8 to $12 million annually. Although we cannot guarantee an actual valuation, according to industry valuation standards using average P/E ratios from Standard & Poor's, at a multiple of 15 times earnings, a valuation of $120 to $180 million dollars is an estimate of the potential additional market value of the earnings to REVO."
About Revolutionary Concepts Inc.
REVO's primary business is the design and development of the "EyeTalk Communicator" technology, a mobile video, remote smart camera security technology. The system is designed to provide nationwide protection and monitoring of homes and businesses against multiple threats including robbery, fire, theft, burglary and other intrusions through mobile phones, wireless video and remote smart camera security technology. REVO holds patented and patent pending applications that utilize the technology in medical/healthcare, sporting events, child monitoring and several other key areas. For more information visit www.revolutionaryconceptsinc.com.
Safe Harbor Statement - There are matters discussed in this media information that are forward looking statements within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. Such statements are only forecasts and actual events or results may differ materially from those discussed. For a discussion of important factors which could cause actual results to differ from the forward looking statements, refer to Revolutionary Concepts Inc.'s most recent annual report and accounts and other SEC filings. The company undertakes no obligation to update publicly, or revise, forward looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.
For inquiries contact:
Media Relations:
Solomon Ali
704-837-5705
Revolutionary Concepts Forecasts $30 Million in Revenues & $12 Million in Earnings From Global License of Its Patented Techno...
Revolutionary Concepts Forecasts $30 Million in Revenues and $12 Million in Earnings From Global License of Its Patented Technology Security System
CHARLOTTE, NC--(Marketwired - Feb 12, 2014) - Revolutionary Concepts Inc., (OTCQB: REVO), a publicly traded company that develops mobile video software and remote security communication systems, is forecasting $20 million to $30 million in total estimated annual revenues from the residual and ongoing licensing fees and royalties that are projected to be generated from its new global license agreement. REVO has filed formal notification of the transaction on Form 8-K with the SEC.
REVO announced today that it signed a multi-year definitive worldwide licensing agreement with a company for them to commercialize REVO's patented "EyeTalk Communicator System". The Licensee will pay REVO an up-front or pre-commercialization fee of $900,000 in consideration, and the Licensee has plans to commercialize and exploit the patents in the marketplace for the maximum financial benefit for both companies.
Of the $20 to $30 million in total estimated annual revenues projected to be generated from the marketing and exploitation of the patents, the Licensee would receive 60% and REVO would receive an estimated 40% of the total, or $8 to $12 million annually.
REVO's Senior Vice President Solomon Ali says, "We feel very positive about the new partnership with our Licensee and the potential revenues. The total forecasted annual revenues to be generated is in the $20 to $30 million range. The potential earnings for REVO is estimated at $8 to $12 million annually. Although we cannot guarantee an actual valuation, according to industry valuation standards using average P/E ratios from Standard & Poor's, at a multiple of 15 times earnings, a valuation of $120 to $180 million dollars is an estimate of the potential additional market value of the earnings to REVO."
About Revolutionary Concepts Inc.
REVO's primary business is the design and development of the "EyeTalk Communicator" technology, a mobile video, remote smart camera security technology. The system is designed to provide nationwide protection and monitoring of homes and businesses against multiple threats including robbery, fire, theft, burglary and other intrusions through mobile phones, wireless video and remote smart camera security technology. REVO holds patented and patent pending applications that utilize the technology in medical/healthcare, sporting events, child monitoring and several other key areas. For more information visit www.revolutionaryconceptsinc.com.
Safe Harbor Statement - There are matters discussed in this media information that are forward looking statements within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. Such statements are only forecasts and actual events or results may differ materially from those discussed. For a discussion of important factors which could cause actual results to differ from the forward looking statements, refer to Revolutionary Concepts Inc.'s most recent annual report and accounts and other SEC filings. The company undertakes no obligation to update publicly, or revise, forward looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.
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Media Relations:
Solomon Ali
704-837-5705
The Effingham County Industrial Development Authority unanimously approved an agreement Tuesday with Medient Studios Inc. for a $90 million movie studio and entertainment facility expected to create 1,000 jobs.
Click here to see a slideshow of the studio's past films.
Manu Kumaran, chairman and chief executive officer of Medient, said he wants to revamp the film industry, creating full-time, permanent jobs harkening back to the days when film studios dominated the industry. Kumaran is a veteran of the industry who has produced 19 feature films in four languages.
Medient is a publicly listed film production and distribution company with a strong presence in India and North America. John Henry, chief executive officer of the development authority, said the company is based in Los Angeles.
Taking off now, close at .018
.06 by EOW, .30 by EOM.