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.08 EPS this year!!
2.52x 2.53
Net Income Projected to Reach $2.9 Million or $0.08 EPS This Year. was i right or was I right? :)
Net Income Projected to Reach $2.9 Million or $0.08 EPS This Year
GHLT PR is out!!
Press Release Source: GHL Technologies, Inc.
GHL Technologies Issues Guidance for 2006
Friday May 19, 9:55 am ET
Revenue Projected to Exceed 600% with Net Income Increase of More Than 7,000%
Net Income Projected to Reach $2.9 Million or $0.08 EPS This Year
BREMERTON, Wash.--(BUSINESS WIRE)--May 19, 2006--Gene Hew-Len, CEO and founder of GHL Technologies, Inc. (Pink Sheets: GHLT - News), a holding company focusing on acquisitions, strategic alliances, and partnerships with companies on the cutting edge of the GPS and telematics industry, today provided guidance for the year ending December 31, 2006, in light of the company's new public status and recent developments.
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In a statement to the company's board of directors, Hew-Len reported that GHL Technologies' entry into the public markets, coupled with the access to capital it provides, will facilitate the company's national expansion by allowing it to hire new staff as appropriate, allocate the necessary resources to secure new service agreements, and leverage these to solidify strategic alliances that will support the company's growth objectives.
Hew-Len also set forth a revenue target of $3,745,000.00, as well as a net income target of $2,900,000 or $0.08 earnings per share, for 2006. In addition to the company's ongoing emergency vehicle installation operations, these returns are projected to be derived primarily from nationwide sales, installation and maintenance of GPS/telematics products.
According to financial statements, GHL Technologies reported total revenue of $606,253.31 and net income of $37,060.77 for the year ended December 31, 2005. Achievement of the revised revenue and net income targets would represent revenue growth in excess of 600 percent and net income growth of more than 7,000 percent for 2006.
"We believe GHL Technologies and its shareholders are poised to capitalize on the outsourcing by many GPS and telematics products manufacturers of their installation and maintenance functions," said Hew-Len. "Our new relationship with Trimble represents an example of that trend; this will create considerable value for our shareholders. We look forward to developing additional, similar partnerships over the remainder of the year and are very confident that we will meet our new revenue target."
"Over the long term, our management team is personally committed to building a great company and to keeping all of our stakeholders updated via regular communications and news releases. We are in the process of making considerable investments in the future of our company and believe we have the proper vision and expertise to become a market leader. This is a very exciting time for GHL Technologies," added Hew-Len.
About GPS and Telematics Technologies
GPS, or Global Positioning System, is a worldwide radio-navigation system formed by a constellation of 24 orbiting satellites and their ground stations and controlled by the U.S. Department of Defense. Originally intended strictly for military use, GPS uses these satellites as reference points to calculate positions accurate to within meters, or within a centimeter as with advanced forms of GPS.
Telematics is the convergence of computing, information, and wireless communication technologies with GPS location-tracking capabilities inside a moving platform, which in turn enables various location-based and multimedia communication services. Applications such as vehicle location-tracking, dynamic GPS navigation, real-time traffic reports, and automated crash and theft notifications are some service examples of telematics.
According to numerous industry sources, global GPS and telematics sales are expected to exceed $16 billion by the end of this year, with the demand for real-time track and trace applications growing exponentially as companies continue to improve customer service standards. The GPS/telematics market is expected to grow at a rate of nearly 25 percent through 2007 and more rapidly beginning in 2008 as the next wave of GPS/telematics technology is made available via new satellite launches.
About GHL Technologies
GHL Technologies seeks to become a leading, international GPS/telematics company by aggressively investing in new acquisitions, building strategic alliances, and securing partnerships with companies on the cutting edge of GPS and telematics development - thereby creating value for its shareholders.
For more information, please visit www.ghltechnologies.com. GHLT shareholders are encouraged to register on the site's "Shareholder Registration" page to receive ongoing company news updates.
Press Release!!!!!!!!!!
Press Release Source: GHL Technologies, Inc.
GHL Technologies Issues Guidance for 2006
Friday May 19, 9:55 am ET
Revenue Projected to Exceed 600% with Net Income Increase of More Than 7,000%
Net Income Projected to Reach $2.9 Million or $0.08 EPS This Year
BREMERTON, Wash.--(BUSINESS WIRE)--May 19, 2006--Gene Hew-Len, CEO and founder of GHL Technologies, Inc. (Pink Sheets: GHLT - News), a holding company focusing on acquisitions, strategic alliances, and partnerships with companies on the cutting edge of the GPS and telematics industry, today provided guidance for the year ending December 31, 2006, in light of the company's new public status and recent developments.
ADVERTISEMENT
In a statement to the company's board of directors, Hew-Len reported that GHL Technologies' entry into the public markets, coupled with the access to capital it provides, will facilitate the company's national expansion by allowing it to hire new staff as appropriate, allocate the necessary resources to secure new service agreements, and leverage these to solidify strategic alliances that will support the company's growth objectives.
Hew-Len also set forth a revenue target of $3,745,000.00, as well as a net income target of $2,900,000 or $0.08 earnings per share, for 2006. In addition to the company's ongoing emergency vehicle installation operations, these returns are projected to be derived primarily from nationwide sales, installation and maintenance of GPS/telematics products.
According to financial statements, GHL Technologies reported total revenue of $606,253.31 and net income of $37,060.77 for the year ended December 31, 2005. Achievement of the revised revenue and net income targets would represent revenue growth in excess of 600 percent and net income growth of more than 7,000 percent for 2006.
"We believe GHL Technologies and its shareholders are poised to capitalize on the outsourcing by many GPS and telematics products manufacturers of their installation and maintenance functions," said Hew-Len. "Our new relationship with Trimble represents an example of that trend; this will create considerable value for our shareholders. We look forward to developing additional, similar partnerships over the remainder of the year and are very confident that we will meet our new revenue target."
"Over the long term, our management team is personally committed to building a great company and to keeping all of our stakeholders updated via regular communications and news releases. We are in the process of making considerable investments in the future of our company and believe we have the proper vision and expertise to become a market leader. This is a very exciting time for GHL Technologies," added Hew-Len.
About GPS and Telematics Technologies
GPS, or Global Positioning System, is a worldwide radio-navigation system formed by a constellation of 24 orbiting satellites and their ground stations and controlled by the U.S. Department of Defense. Originally intended strictly for military use, GPS uses these satellites as reference points to calculate positions accurate to within meters, or within a centimeter as with advanced forms of GPS.
Telematics is the convergence of computing, information, and wireless communication technologies with GPS location-tracking capabilities inside a moving platform, which in turn enables various location-based and multimedia communication services. Applications such as vehicle location-tracking, dynamic GPS navigation, real-time traffic reports, and automated crash and theft notifications are some service examples of telematics.
According to numerous industry sources, global GPS and telematics sales are expected to exceed $16 billion by the end of this year, with the demand for real-time track and trace applications growing exponentially as companies continue to improve customer service standards. The GPS/telematics market is expected to grow at a rate of nearly 25 percent through 2007 and more rapidly beginning in 2008 as the next wave of GPS/telematics technology is made available via new satellite launches.
About GHL Technologies
GHL Technologies seeks to become a leading, international GPS/telematics company by aggressively investing in new acquisitions, building strategic alliances, and securing partnerships with companies on the cutting edge of GPS and telematics development - thereby creating value for its shareholders.
For more information, please visit www.ghltechnologies.com. GHLT shareholders are encouraged to register on the site's "Shareholder Registration" page to receive ongoing company news updates.
2.51 :)
2.49 x 2.50!!
GHLT now 2.49 !!!
Beautiful 2.48 x 2.49
ok 2.47 x 2.48
2.46 x 2.47 179k shares
yep 2.46 now :)
man you must have Ice water running through your veins to still be in GZFX
29,000 shares traded pre-market already.
perhaps a PR might be on its way. company has done some nice PR's
Yep get them while they're available. 2.40's still cheap for this gem
GHLT gapping 2.44 x 2.45 loks like 20 straight days of green!! this must be a record :)
She's already Gapping 2.44 x 2.45
Well its about time. finally the little guy has got the chance to jump in before the big boys. I agree this is a great opportunity
The compaany they are partnered with is at $45 on the nasdaq and the sector is only getting bigger so thats great news for the share price indeed :)
GHLT wont be a pink for long. Easily moves to Nasdaq or worst case OTC
Good Morning all, hope youre ready for the show.
enjoy :) and goodluck goodnight all see you in the AM
GHLT's partner TRMB closed at $45.07 today on the nasdaq. WOuld be nice if GHLT followed suit :)
sanguine what are your predictions for short term and mid term of the share price?
lol yeah and look at the money flow and accumulation going through the roof!!
Great info thats for the post.
yep its awesome. green everywhere :)
Yep. I cant believe I found this. $2.39 per share, I cant believe its this cheap. wait till the big instutions see this, the float will be gone on 6 million. I'm glad I got my shares.
This is every "Long" or "buy and hold" investors dream. this is one of the few you can hold for the long term if you want to. :)
yeah I'm staying here. 19 days in a row green. I cant remember another stock doing that.
Sweet thanks!! Goodluck :)
really? what are they saying?
best part on 6 million in the float. you cant beat that on the pinks/otc they are partnered with a $45 stock nasdaq company TRMB these guys are the real deal. hope you guys enoy this one
GPS /Telematics market expects to rack in $16 billion thats huge!!
Best part is its just getting started. no resistance. 19 days in a row in the green and counting :)
I agree, this is a sound company great Revenues , and more big contracts coming in. great share structure good management team. GHLT is a winner :)
Yeah CMF is real green/ Accumulation is through the roof. this baby is the real deal this isnt your average pink/otc with 25 billion shares or with 2 or 3 zero's in front of the stock price .
its only getting started theres no resistance :) I picked up some at $2.35