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ADBN is an empty shell play with no business at all - no MJ, no nothing. Don´t invest here if you are not ready to lose everything or at least one have to wait a long time until a merger takes place, which is highly unlikely btw! IMO
16Mil @ 0,0002
something up??
Uptick, we have lots of NOL´s here - but i don´t know how much of them they can really utilize - should be quite enough though:
"For U.S. federal income tax purposes, the Company has net operating loss carryforwards available to reduce taxable income of $342.1 million at December 31, 2012"
If you are further interested, please see my post 837 - there is also a link to the audited report where you can find all the details regarding the NOL´s and more.
Given the market cap of 2,28 Mio of today this could be a great opportunity, if LMSC can find a successful partner to merge with - All IMO
maybe this shell will awake to life again… first time i see a bid since i don´t even remember
bid 0.0001/0.0002 ask
Come on Mr. Stecker it is so easy
1. find a big investor who props up LMSC´s market cap
2. move to a higher exchange
3. then make the big move and merge your shell with a successful company to
4. utilize the Multi Multi Millions in NOL´s that are left from former NMS and LVWR times
i think there are only a few investors who really know about the mega potential here…
btw are these all "signal" buys - or who is joking around with this - trades of 10 shares ?? wtf
fees are higher than the amount you get… lol
The audited annual report for 2011/2012, which also describes in detail what happened until June 2013:
Annual Report LVWR/LMSC
Interesting read for all who are searching for a good summary regarding all business activities of Livewire/Livemicrosystems to this day.
One of the most interesting parts is the description of the NOL´s on page 20 imo
Here is a short summary:
Net operating loss carryforwards ............................................................. $ 123,286 $ 123,912
Research and development tax credit carryforwards .......................................10,140 10,075
For U.S. federal income tax purposes, the Company has net operating loss carryforwards available to reduce taxable income of $342.1 million at December 31, 2012. The Company’s ability to utilize its net operating loss carryforwards may be significantly limited, as under the provisions of the Internal Code Section 382, certain changes in the Company’s ownership structure may result in a limitation on the amount of net operating loss carryforwards and research and development tax credit carryforwards that may be used in future years. If certain transactions occur with respect to the Company’s capital stock, under rules prescribed by the U.S. Internal Revenue Code and applicable Treasury regulations, an annual limitation may be imposed with respect to the ability to utilize the Company’s net operating loss carryforwards and federal tax credits. Similar provisions may exist for state tax purposes and vary by jurisdiction. During the third quarter of 2010, the Company received shareholder approval to amend its articles of incorporation in order to protect its NOLs (the "NOL Protective Measures") and those measures are now in effect. Under the NOL Protective Measures any person, company or investment firm that wishes to become a "5% shareholder" of Livewire Mobile, Inc. must first obtain a waiver from the Company's Board of Directors. In addition, any person, company or investment firm that is already a "5% shareholder" of Livewire Mobile, Inc. cannot make any additional purchases of Livewire Mobile, Inc. stock without a waiver from the Company's Board of Directors.
Hoping for a business combination / merger here in the (hopefully near) future especially to utilize the great value of NOL´s which LVWR/LMSC has still left...
The big question is, what are Stecker & crew planning now ?
finally....
something is up.... smells positive imo
Maybe there are more NOLs left than i expected - it was 201 Millions NOL in 2008 from former NMS times. Take this plus the cash we got now and it looks like we could make some money here what do ya think AKAPAK ?
here are the facts:
Investor FAQ
Proposed Acquisition of Livewire Mobile’s Business Assets and Certain Liabilities by OnMobile Global, Ltd.
(1) Why did Livewire Mobile agree to sell its business to OnMobile?
Livewire Mobile is incredibly excited to become part of OnMobile to create the world’s leading carrier-VAS company. Upon evaluation of several strategic alternatives made possible by our recent revenue growth, our Board concluded that this transaction was the best path to maximizing value for our shareholders and for our customers.
OnMobile is a well-respected leader in delivering value-added services to mobile operators around the world with a very complementary suite of mobile services and geographical footprint to ours. Livewire Mobile’s customers will be well-served not only by the one-stop access to additional mobile entertainment services, but also by OnMobile’s dedication to quality and innovation and their substantial development resources.
The combination of Livewire and OnMobile Global will provide extended reach, coverage, technology framework, and innovation and together, OnMobile and Livewire Mobile will have a market reach of almost 2 billion end-consumers generating over $1.5 billion (USD) of top-line revenues for carriers around the globe.
(2) What is being sold to OnMobile? What is the purchase price?
Livewire is selling its business assets and OnMobile is assuming certain liabilities of Livewire Mobile for cash consideration of USD $17.8 million, subject to certain escrow and performance contingencies. Livewire Mobile is not selling its shares.
(3) What happens to my shares?
This transaction is a sale of the Company’s assets and assumption of certain liabilities for cash. Thus, existing outstanding shares will continue to be outstanding.
(4) Your press release stated that it is the Company’s expectation that the holders of senior secured convertible notes will convert a majority of their notes and vote the converted shares in favor of this transaction, which could amount to approximately 80% of the then fully-diluted outstanding shares. What does this mean?
The Company currently has 4,651,433 common shares outstanding. Additionally, Livewire Mobile has outstanding $6.615 million of senior secured convertible notes, plus additional amounts in accumulated interest that is convertible. The Company expects that the note holders will convert a majority of their notes into common stock of the Company. If the full value of notes and accumulated interest is converted, this could result in an additional increase of outstanding shares of approximately 20 million, and could be higher depending on the timing of the closing of the transaction. The note holders also hold warrants to purchase an additional 1,032,035 common shares.
(5) When does the Company expect the transaction to close?
The transaction is targeted to close on June 30, 2013 upon satisfaction of various customary closing conditions.
(6) Upon closing, what does the Company intend to do with the proceeds of the transaction?
The Company has not yet made a determination of what it will do with net proceeds of the transaction. Upon any determination, the Company will communicate to shareholders at that time.
Forward Looking Statements
Statements other than historical facts included or referred to in this FAQ are “forward-looking statements” including forward-looking statements about the expected closing date of the transaction and the conversion of senior secured convertible notes and favorable vote by holders of these notes. These statements are based on management’s expectations as of the date of this document and are subject to uncertainties and changes in circumstances. Actual results may differ materially from these expectations due to risks and uncertainties including, but not limited to, uncertainties with respect to the anticipated closing date of the transaction and conversion of senior secured convertible notes and favorable vote by holders of these. In addition, while management may elect to update forward-looking statements at some point in the future, management specifically disclaims any obligation to do so, even if its estimates change. Any reference to our website in this press release is not intended to incorporate the contents thereof into this FAQ, press release or any other public announcement
Akapak - thank you for this info...
you can find it here:
http://www.otcmarkets.com/financialReportViewer?symbol=LVWR&id=101644
on page 11-15 you will find a summary of all details (regarding convertible notes...)
best luck to you
"What are we worth now?" - thats the big question
it´s really hard to tell, since there are so many variables that one can not predict in advance...
Simple math tells me this:
Facts: buy offer 17,8 Million USD / 4,65 Million OS --> 3,82 USD / Share
That´s what we have gotten 2-3 years ago...
Today: After dilution of all convertible notes we have approx. 17-23,5 Million OS (if i calculated it right) which would take us anywhere between 0.75 and 1.05 USD
But of course it depends on many variables so my guess could be wrong. Just try to figure it out by yourself.
ALL IMHO
Good Quarter !? Report is out:
Q4 LVWR
Livewire Mobile Acquires Two Customers, Assets from RealNetworks, Inc.
Sep 10, 2012
OTC Disclosure & News Service
Littleton, MA
Effective September 1, 2012, Livewire Mobile, Inc., (otcmarkets: LVWR), the one-stop digital content solutions provider for carriers, consumer device manufacturers, media companies, and consumers, closed an Asset Transfer and License Agreement with RealNetworks, Inc. (the“Agreement”) whereby RealNetworks transferred to Livewire Mobile services provided under two domestic carrier services contracts, together with a team of employees and associated hardware and software technology. As part of this transaction, RealNetworks paid Livewire Mobile $2.0 million at closing. Per the terms of the Agreement, Livewire Mobile will pay RealNetworks two payments of $100,000 each over the first six months related to the performance of the services under one of these carrier contracts.
Livewire Mobile expects these new services to result in a more than doubling of its gross revenues as reported for FY 2011 in FY 2013.
todays news will push the price nicely in the next 7 days imo :D
older news about SIREN and the unlimited music thing - which is also pretty nice...
Livewire Mobile (otcmarkets: LVWR), the one-stop digital content solutions provider for carriers, consumer device manufacturers, media companies and consumers, has partnered with emerging Canadian operator Public Mobile to introduce the country’s first truly unlimited music service.
Called Siren, the new music plan will be introduced as part of two competitively priced flat-rate plans available on all Public Mobile’s new Android handsets.
Users will be able to download as many songs and albums as they want through the pre-loaded Android application, built and powered by Livewire Mobile.
It gives Public Mobile’s customers access to millions of tracks and includes content from the world’s biggest music stars on major labels as well as global and local independents.
The flat-rate plans that include the Siren music service come with introductory monthly pricing of C$40 and C$47 a month, bundling the unlimited music service in with talk, text, data and other features.
Matthew Stecker, CEO of Livewire Mobile, said: “Digital music is one of the most in-demand services on all new devices and Public Mobile was quick to recognize the opportunity of bundling it in with rate plans to attract new customers.
“This product has the full and enthusiastic backing of the biggest music labels, as it makes their products easily available through Siren. They have been totally behind Siren since its inception.
“This service is attracting a lot of interest from other carrier customers around the world. We are actively working with our music label partners to deliver this service to other markets and customers.”
Alek Krstajic, CEO of Public Mobile, said: “It has been a huge undertaking but Livewire helped make it happen. They have done a great job hosting all the back end systems and servers that work with the Android Smartphone and applications, as well as Public Mobile’s systems and the record labels’ music libraries. Going forward Livewire’s music expertise and experience will help keep Siren fresh, current and fun.”
Public Mobile operates a low-cost pre-paid service in and around Toronto and Montreal. It entered the Canadian Mobile market after buying spectrum in 2008.
Livewire Mobile Wins Music Services At Two Major US Carriers
Livewire Mobile to power digital music downloads, ringback and ringtones for Sprint and MetroPCS
September 10, 2012 Littleton, Mass: Livewire Mobile (otcmarkets: LVWR), the one-stop digital content solutions provider for carriers, consumer device manufacturers, media companies and consumers, now powers the digital music solutions for Sprint and MetroPCS.
Sprint Music Plus and MetroPCS join the international roster of music download services hosted and merchandized by Livewire, which now has Tier-1 carrier deals in the US, Europe, Canada and Australasia.
Both operators will have full-track music downloads, ringback and ringtones managed by Livewire, with content from all the major music labels and independents from around the world.
The announcement comes on the back of the recently launched unlimited music service Siren, designed, built and powered by Livewire Mobile for Public Mobile in Canada, as well as the deployment of Rumpus, the music discovery application on Android smartphones and tablets.
The Sprint Music Plus and MetroPCS music services will be supported across applications, mobile web and web stores. Sprint customers may find Sprint Music Plus on their Android™-powered device by searching for Sprint Music Plus from the Google Play marketplace or by visiting http://sprint.us/smp on Android and Feature phones. The Music application is preloaded on all MetroPCS Android devices.
Livewire Mobile expects the new deals to result in a more than doubling of its revenues from its 2011 figures in the 2013 fiscal year.
“This is a significant milestone for the company and underscores our market expertise in delivering world-class digital music services to millions of subscribers on behalf of our trusted carrier partners,” said Matthew Stecker, President and CEO of Livewire Mobile.
“We are delighted to be expanding our relationships with major carriers like Sprint and MetroPCS, because they are leaders in market innovation, and both recognize the value offered by committing to music as a key part of their product strategies.
“We’ll be working with our label partners and our customers over the coming months to improve the service, ensuring that if you are a Sprint or MetroPCS subscriber you will get the very best music experience possible.”
Livewire Mobile runs digital entertainment solutions for carriers in nine countries, as well as for OEMs and other partners. Its ringback solution is deployed in ten countries worldwide.
The company will be opening a new office in the Washington DC area to support the new contracts it has been awarded.
About Livewire Mobile
Livewire Mobile, Inc. (otcmarkets: LVWR) is a Mobile Internet powerhouse with one of the most comprehensive one-stop digital entertainment solutions for network operators, consumer device manufacturers, brands and media companies entering the mobile market. The company’s integrated suite of content services includes full-track music, applications, video, games, ringback tones, ringtones, e-books and more as well as application and portal development, mobile advertising solutions, integrated content publishing and merchandising, and turnkey managed VAS operations. For more information, please visit www.livewiremobile.com.
Livewire Mobile is a registered service mark. Other trademarks are properties of their respective owners.
Statements other than historical facts specifically including, but not limited to, all financial projections, included or referred to in this Press Release are “forward-looking statements” including forward-looking statements about the expected term, availability, content, features and functionality of the music services on Sprint and MetroPCS and of expected revenues from these new services. These statements are based on management’s expectations as of the date of this document and are subject to uncertainties and changes in circumstances. Actual results may differ materially from these expectations due to risks and uncertainties including, but not limited to, uncertainties with respect to the expected term, availability, content, features and functionality of the music services on Sprint and MetroPCS and expected revenues from these new services. In addition, while management may elect to update forward-looking statements at some point in the future, management specifically disclaims any obligation to do so, even if it estimates change. Any reference to our website in this press release is not intended to incorporate the contents thereof into this press release or any other public announcement.
great news today after two years of doom and gloom - now Livewire is really back in the market
Anyone still holding a position in this company ? congrats to all believers ...
cheers
no question and u are right on the direction of the stock imo... think we could even see sub 20 here
BUT potential is still great and thats why i will buy in as soon as my target price will come true...
Supplemental Consolidated Financial Information
(Unaudited)
(In thousands)
Cash and cash equivalents $ 210,554
Restricted cash - current 21,960
Short-term marketable securities - 25,009
Restricted cash - noncurrent 3,973
see here --> http://files.shareholder.com/downloads/ABEA-4CW8X0/1991195491x0x585609/25c4efcc-7bbe-4452-a4fd-bbedd31c1c94/Q2%202012%20Shareholder%20Letter%20Final.pdf
LOL Shortie... u mean 210.000.000 $ in cash
Stock is far from being smoked Dream on
"stock is smoked. Cash and cash equivalents
$ 210,554 "
C´mon man - give it a rest...
I mean you are right, this stock is pretty overvalued based on facts/financials as of today BUT don´t you see the potential here ? That (potential) which is actually the reason for the high prices...
I mean they will have the capacity of producing up to 500.000 cars / year from 2013 on - if they are successful - this stock will explode and that s the reason for people spending money here.
Obvious that electric cars are a big future market and Tesla will play a big role in that business.
Look at their cars - they have all the ingredients u need for success - i.e. a lot of sex appeal !
I don´t doubt Tesla will make its way - although we maybe could see prices around 20$ short term - but long term this is a clear BUY!
ALL IMO
What's that Rumpus? Beyond genius!
Livewire Mobile shakes up its music service with a discovery application for Android tablets
LITTLETON, Mass., Feb 28, 2012 (BUSINESS WIRE) -- Livewire Mobile (otcmarkets: LVWR), a one-stop digital content solutions provider for carriers, consumer device manufacturers, media companies, and consumers, has launched Rumpus, a compelling new application that allows music fans to discover new music they love and re-connect with old favorites.
The genius behind Rumpus is the unique way the millions of tracks in the Livewire Mobile database have been connected so that users can search for artists or tracks and find all the relationships and information that make playlist building so addictive.
In its first release, designed for Android tablets running Honeycomb or Ice Cream Sandwich, Rumpus allows users to search for artists and learn about them through featured biographies, YouTube videos, discographies, and a network of related artists. As users navigate through the application, they can bookmark artists along the way, providing a 'breadcrumb trail' that allows them to come back and learn more at a later date or to build a list of favorites they can share with friends.
With access to Livewire Mobile's extensive music catalog, users are also able to buy tracks and albums directly from the app and, through over-the-air delivery, to easily add newly discovered gems (or long-lost favorites) to their on-device library. In Q2 2012, Livewire Mobile plans to build additional features such as multiple playlists, integrated advertising, additional editorial content, and expanded device support to include Android smartphones, iPads and iPhones.
"With Rumpus, we've leveraged our history as a mobile music service provider, our extensive experience in creating market leading user interfaces, our long-standing relationships with major and independent labels, and partnerships with semantic technology providers to offer consumers an innovative way to explore their favorite artists and discover new ones," said Livewire Mobile's president and CEO, Matthew Stecker. "It's Wikipedia, YouTube, Facebook, Coachella music festival, and old school record store all rolled into one."
Although initially released as a direct-to-consumer offering, Livewire Mobile also offers Rumpus through its existing network of mobile operators and OEMs as a complementary channel to the traditional mobile music storefront. Through open APIs, the Rumpus application can be delivered as a turnkey music service with Livewire Mobile's own catalog and content delivery infrastructure or integrated with another third party service, offering an engaging alternative interface to consumers of that service.
Rumpus is now available for download, free of charge, on the Android Market.
For more information about Livewire Mobile's Rumpus music discovery application, please visit http://www.livewiremobile.com/products-services/rumpus or email sales@livewiremobile.com.
About Livewire Mobile
Livewire Mobile, Inc. (otcmarkets: LVWR) is a Mobile Internet powerhouse with one of the most comprehensive one-stop digital entertainment solutions for network operators, consumer device manufacturers, brands and media companies entering the mobile market. The company's integrated suite of content services includes applications, video, games, ringback tones, ringtones, DRM-free full-track music, e-books and more as well as application and portal development, mobile advertising solutions, integrated content publishing and merchandising, and turnkey managed VAS operations. For more information, please visit www.livewiremobile.com.
Livewire Mobile is a registered service mark. Other trademarks are properties of their respective owners.
SOURCE: Livewire Mobile, Inc.
CONTACT:
Livewire Mobile Media Relations North America: Erin Schweppe, +1 978-742-3155 erin.schweppe@livewiremobile.com or EMEA: Dave Moreau, +44 7887 645 835 dave.moreau@livewiremobile.com or Livewire Mobile Investor Relations Todd Donahue, +1 978-742-3167 CFO todd.donahue@livewiremobile.com
Copyright Business Wire 2012
LIVEWIRE MOBILE, INC. Quarterly Report for Q3 is out.
Three and Nine Months Ended September 30, 2011
Q4 financials
Livewire Mobile Releases Android Apps for Mobile Operators
Livewire Mobile (otcmarkets: LVWR), a one-stop digital content solutions provider for mobile operators, consumer device manufacturers, and media companies, has launched two new Android apps in time for the holidays and is targeting the continuing Android boom for 2012.
Designed to enable smartphone and tablet users with on-device access to content services integrated with their mobile carrier, the music and games store apps are curated by Livewire Mobile’s own staff of regional content experts and powered by a real-time content management platform to present the hot trends and new releases to the mobile consumer.
In their first releases, the music app and games app showcase Livewire Mobile’s extensive content catalog with the top names in music and games via merchandised charts, browse and search features, editorial content, reviews, previews, and a download manager.
The next release of the music app, planned for Q1 2012, is slated to further integrate other content types, including ringbacks, ringtones, and videos with social network integration and recommendations. The games and apps store is queued up to include multiple billing options including try and buy, rental subscriptions, in-app billing support as well as multi-game bundles in its next release.
“These new apps are another example of Livewire Mobile’s aggressive push into the smartphone, tablet, and application space where there has been tremendous worldwide growth,” said Matthew Stecker, president and CEO of Livewire Mobile. “With an extensive catalog of multiple content types, carrier billing integration experience, a first-class content publishing team and an agile product development team, Livewire Mobile has established itself as a player in the application ecosystem.”
Both apps are available now across a wide range of Android handsets at Three UK where Livewire Mobile powers multiple content services. Several additional application deployments are planned for early Q1 2012 across Livewire Mobile’s existing carrier and OEM customer base as well as in the direct-to-consumer market to enhance the company’s new Mediadrome service.
For more information on Livewire Mobile’s applications and content services, please visit www.livewiremobile.com or email sales@livewiremobile.com.
Statements other than historical facts included or referred to in this Press Release are “forward-looking statements” including forward-looking statements about the expected availability, content, features and functionality of our Android apps, targeting the continuing Android boom for 2012, the planned next release of the music app for Q1 2012 that is slated to further integrate other content types, including ringbacks, ringtones, and videos with social network integration and recommendations, the queued up games and apps store to include multiple billing options including try and buy, rental subscriptions, in-app billing support as well as multi-game bundles in its next release, and the planned several additional application deployments for early Q1 2012 across Livewire Mobile’s existing carrier and OEM customer base as well as in the direct-to-consumer market to enhance our new Mediadrome service. These statements are based on management’s expectations as of the date of this document and are subject to uncertainties and changes in circumstances. Actual results may differ materially from these expectations due to risks and uncertainties including, but not limited to, uncertainties with respect to the expected availability, content, features and functionality of our Android apps, targeting the continuing Android boom for 2012, the planned next release of the music app for Q1 2012 that is slated to further integrate other content types, including ringbacks, ringtones, and videos with social network integration and recommendations, the queued up games and apps store to include multiple billing options including try and buy, rental subscriptions, in-app billing support as well as multi-game bundles in its next release, and the planned several additional application deployments for early Q1 2012 across Livewire Mobile’s existing carrier and OEM customer base as well as in the direct-to-consumer market to enhance our new Mediadrome service. In addition, while management may elect to update forward-looking statements at some point in the future, management specifically disclaims any obligation to do so, even if its estimates change. Any reference to our website in this press release is not intended to incorporate the contents thereof into this press release or any other public announcement.
About Livewire Mobile
Livewire Mobile, Inc. (otcmarkets: LVWR) is a Mobile Internet powerhouse with one of the most comprehensive one-stop digital entertainment solutions for network operators, consumer device manufacturers, brands and media companies entering the mobile market. The company’s integrated suite of content services includes applications, video, games, ringback tones, ringtones, DRM-free full-track music, e-books and more as well as application and portal development, mobile advertising solutions, integrated content publishing and merchandising, and turnkey managed VAS operations. For more information, please visit www.livewiremobile.com.
Livewire Mobile is a registered service mark and Mediadrome is a trademark of Livewire Mobile, Inc. Other trademarks are properties of their respective owners.
Livewire Mobile Expands Direct-to-Consumer Strategy with Multi-Dimensional Digital Music Store
Livewire Mobile (otcmarkets: LVWR), a one-stop digital content solutions provider for carriers, consumer device manufacturers, and media companies, has launched the first version of its Mediadrome direct-to-consumer DRM-free digital music store, showcasing some of today’s hottest acts including Michael Bublé, Trey Songz, Disturbed, and Gym Class Heroes through dedicated artist feature sites.
Unifying label and independent artist content, Mediadrome underpins Livewire Mobile’s broader strategy in the direct-to-consumer space. In this first of a series of releases, U.S. music fans can register at www.mediadrome.com to become part of the Mediadrome “universe” with an all-access pass to their favorite artists and those they have yet to discover.
With plans to rapidly expand the service offering in early 2012, Livewire Mobile has queued up event-based and local music scene microsites in Q1 2012 as well as additional access channels via smartphones and tablets. Also planned in Q1 2012, Mediadrome users can explore new and favorite artists through an Android music discovery application, currently in beta, and enhance their experience through premium music services.
“Building off the success of our Guided by Voices fan site which features the group’s entire catalog, rare tracks, and exclusive reunion tour recordings, we want to expand the opportunity to showcase other artists to their fans in a similar fashion,” said Matthew Stecker, President and CEO, Livewire Mobile. “Mediadrome not only serves as a new multi-dimensional destination for music fans, but also a new outlet for artists wishing to cut through the noise of the big retail outlets and build brand awareness at a more personal level.”
The sites are designed, monitored, and managed by Livewire Mobile’s own content merchandising staff to showcase in-demand artists, albums, and tracks of the moment and also the hidden gems and up-and-coming artists of the proverbial long tail. Web and mobile feature sites can quickly be created for artists or event promoters looking to raise their profile and offer exclusives.
Record labels, event promoters, and recording artists seeking more information about Livewire Mobile’s Mediadrome service, should visit www.mediadrome.com or email sales@livewiremobile.com.
Statements other than historical facts included or referred to in this Press Release are “forward-looking statements” including forward-looking statements about the expected availability, content, features and functionality of Mediadrome, our plans to rapidly expand the service offering in early 2012 by queuing up event-based and local music scene microsites in Q1 2012 as well as additional access channels via smartphones and tablets, and our plans that in Q1 2012 Mediadrome users can explore new and favorite artists through an Android music discovery application, also in beta, and enhance their music experience through premium music listening services. These statements are based on management’s expectations as of the date of this document and are subject to uncertainties and changes in circumstances. Actual results may differ materially from these expectations due to risks and uncertainties including, but not limited to, uncertainties with respect to the expected availability, content, features and functionality of Mediadrome, our plans to rapidly expand the service offering in early 2012 by queuing up event-based and local music scene microsites in Q1 2012 as well as additional access channels via smartphones and tablets, and our plans that in Q1 2012 Mediadrome users can explore new and favorite artists through an Android music discovery application, also in beta, and enhance their music experience through premium music listening services. In addition, while management may elect to update forward-looking statements at some point in the future, management specifically disclaims any obligation to do so, even if its estimates change. Any reference to our website in this press release is not intended to incorporate the contents thereof into this press release or any other public announcement.
New styling of LVWR´s website... nice
http://www.livewiremobile.com/
Livewire Mobile named ME Awards finalist for 6th year running: Best B2B Content Provider contender
London and Littleton, Mass.: Livewire Mobile is delighted to be named a finalist for the prestigious Best B2B Content Provider award at this year’s ME Awards.
The awards have been running since 2006 and FoneStarz and its new parent company Livewire Mobile has been nominated as a finalist every year. In 2006 and 2008 FoneStarz won the Best Imaging Company award.
This year’s award will be presented at a ceremony in London’s Royal Garden Hotel on Wednesday, November 23rd.
Livewire Mobile Chief Operating Officer Dave Moreau said: “The old FoneStarz business has been transformed in the last year following the merger with Livewire Mobile and we now believe we offer the best B2B content solutions worldwide. We continue to win exciting new business and our mix of skills around mobile, technology and media put us at the heart of this vibrant sector.”
This is what Mobile Entertainment said about Livewire Mobile when they announced us as a finalist – we couldn’t have put it better ourselves:
“When FoneStarz merged with Livewire Mobile in December last year, the result was a formidable B2B provider with a serious footprint in the US and EMEA. The new entity offers everything from ringbacks to games, video to apps, personalisation to adult across all billing models including a-la-carte, all you can eat, bundled and recurring subscriptions. Livewire saw more than 32m paid downloads and more than 300m page impressions last year. Customers include Vodafone, Vodacom, Orange, Telstra, Cricket, MTN and dozens of other B2B businesses. A significant win this year was the deal to run the Three UK Games Store.”
Livewire Mobile Announces Financial Results for the Quarter Ended
June 30, 2011:
http://www.otcmarkets.com/financialReportViewer?symbol=LVWR&id=61246
Thank you Mr.Stecker for not concerning about shareholder value...
no news since - i don´t even know.... this company is gettin´ridicolous now
no transparency at all - so many open questions and absolutely no answers...
Despite all this: who is selling at 1,40 = market value of 6.56 Millions
unbelievable with a yearly revenue of over 10 Million and 3 Million in cash
- can u say undervalued?
if i had any money left i would give it a try and buy everything under 1.50...
Notice of Exempt Offering of Securities
http://www.sec.gov/Archives/edgar/data/915866/000091586611000002/xslFormDX01/primary_doc.xml
Livewire Mobile Announces Financial Results for the Quarter Ended
March 31, 2011
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=54902
Closes $1.65 Million in New Funding
LITTLETON, Mass., June 29, 2011 – Livewire Mobile, Inc. (otcmarkets: LVWR), a Mobile
Internet leader with one of the most comprehensive one-stop digital content solutions for
carriers, handset/tablet manufacturers, and media companies today announced financial
results for the first quarter ended March 31, 2011. The Company also announced today that
in June 2011, it closed $1.65 million in new debt funding.
Quarter Ended March 31, 2011 Results
The Company’s results of operations for the quarter ended March 31, 2011 include the
results of operations of Fonestarz Media Group, Ltd., acquired on December 17, 2010.
Total revenues for the first quarter of 2011 were $2.6 million, compared to $3.1 million for
the fourth quarter of 2010 and $3.0 million for the first quarter of 2010. Recurring managed
service revenues decreased 8% to $2.2 million, from $2.4 million, for the same period in
2010. The decrease in managed service revenues and total revenues from the same period
last year was primarily due to a $1.0 million decrease due to commercial changes with a
large customer effective January 1, 2011, offset by the addition of $0.9 million of managed
service revenues resulting from the Company’s acquisition of Fonestarz, as well as a $0.1
million decrease in the cap-ex portion of our ringback tone (RBT) business, and an expected
decrease of $0.1 million in non-core handset royalty revenues. The cap-ex portion of the
Company’s business can result in considerable variability in quarterly revenues due to the
timing of completion of cap-ex deployments.
Gross margin was 50% during the quarter ended March 31, 2011, down from the 64%
during the fourth quarter of 2010, and down from 60% during the first quarter of 2010,
primarily due to the decrease in managed services revenue due to commercial changes with
a large customer effective January 1, 2011.
The Company had a loss from continuing operations of $(1.5) million for the first quarter of
2011, or $(0.33) per share, which included $(0.2) million, or $(0.05) per share, of
restructuring expense and $0.2 million, or $0.04 per share, of rent expense reduction
resulting from an office lease amendment, compared to $(0.3) million, or $(0.06) per share
for the fourth quarter of 2010, and compared to $(0.3) million, or $(0.07) per share, for the
first quarter of 2010.
The Company had a net loss of $(1.6) million for the first quarter of 2011, or $(0.34) per
share, which included $(0.2) million, or $(0.05) per share, of restructuring expense, and
$0.2 million, or $0.04 per share, of rent expense reduction resulting from an office lease
amendment, compared to a net loss of $(0.2) million, or $(0.05) per share for the fourth
quarter of 2010, and net loss of $(0.4) million, or $(0.10) per share, for the first quarter of
2010.
Adjusted EBITDA from continuing operations (a non-GAAP financial measure) was $(1.0)
million, or $(0.22) per share, for the first quarter of 2011, compared to $0.3 million, or
$0.07 per share, for the fourth quarter of 2010, and $(46,000), or $(0.01) per share, in the
first quarter of 2010. A complete reconciliation between adjusted EBITDA from continuing
operations and operating income/(loss) on a GAAP basis is provided in the financial tables at
the end of this release.
Cash totaled $3.0 million at March 31, 2011, compared to $4.8 million at December 31,
2010. The decrease in total cash from December 31, 2010 was primarily due to the
Company’s first quarter net loss, resulting primarily from a commercial change with a large
customer effective January 1, 2011, and changes in its working capital. In June 2011, the
Company closed $1.65 million in new debt funding.
Three UK Extends New Facebook and Twitter-Friendly Music Store to More
Customers
In January 2011, Three UK extended a new Facebook and Twitter-friendly music store to
more of its mobile phone customers, following the success of the service on Android-based
handsets. The Three music store, powered by Fonestarz, a subsidiary of Livewire Mobile,
allows customers to download tracks direct to their handsets and has the option to
automatically update a customer’s status on Twitter and Facebook with the latest music
they have purchased. The browser-based store features music from all major and leading
independent record labels including Sony, Universal, Warner, EMI and Vidzone. It also
comes with My Music Club, a section that provides special offers and promotions. The new
music store makes it easier for customers on Three’s award-winning mobile Internet
network to access the latest tracks on their handsets. Customers can access the store
through Three’s mobile phone portal and clicking on the Three music store.
Company Enters Worldwide System Distribution and License Agreement with a
Major Worldwide Telecom Equipment and Services Provider
As separately announced, the Company renewed under a global System Distribution and
License Agreement its relationship with a major worldwide telecom equipment and services
provider during the first quarter of 2011 that allows this partner to license and distribute
worldwide the Company’s new, multi-media ringback tone platform, MyCaller® 4.0.
Q2 2011 Launch of New Multi-Media RBT Managed Service
The Company launched a new, multi-media ringback tone managed service at an existing
North American customer in April 2011.
Company Closes $1.65 Million In New Funding
In June 2011, the Company closed debt funding totaling $1.65 million in senior secured
convertible notes with three longstanding and one more recent stockholder. The notes have
a term of 18 months, bear interest at 10% per annum and are convertible into common
stock at an initial conversion rate (subject to adjustment) of $2.50 per share. The notes are
secured by all of the assets of the Company and contain certain operating and financial
covenants applicable to the Company. The obligations under the notes are guaranteed by
certain significant subsidiaries (as defined) of the Company.
Business Perspective
Matthew Stecker, CEO of Livewire Mobile, said, “Our results for the quarter-ended March 31,
2011 were in line with our expectations. We expected a decrease in our managed service
revenues resulting from a commercial change that became effective January 1, 2011 with a
large customer, as previously disclosed. This decrease was largely offset by revenues
contributed from our Fonestarz subsidiary during the first quarter of 2011. We continue to
be optimistic about our long-term pipeline generation that we believe will result from our
acquisition of Fonestarz Media Group, Ltd., and our extensive mobile internet, content
management, music and other service offerings.”
“I am also pleased to announce that in June 2011 the Company closed $1.65 million in new
debt funding from four existing stockholders. This funding will help enable the Company to
continue to expand its international market presence and expand its already deep content
offerings.”
Use of Non-GAAP Financial Measures
In addition to reporting its financial results in accordance with generally accepted
accounting principles, or GAAP, the Company has also provided in this release adjusted
EBITDA from continuing operations which is a non-GAAP financial measure adjusted to
exclude certain non-cash and other specified expenses. The Company believes the use of
non-GAAP measures in addition to GAAP measures is an additional useful method of
evaluating its results of operations. Management uses these non-GAAP financial measures
when evaluating the Company's financial results, as well as for internal planning and
forecasting purposes. Specifically, the Company has excluded stock-based compensation,
depreciation, amortization of intangible assets, restructuring charges, interest income and
expense, other income/expense, and taxes from its non-GAAP financial measures. The non-
GAAP financial measures disclosed by the Company should not be considered a substitute
for, or superior to, financial measures calculated in accordance with GAAP, and the expected
results calculated in accordance with GAAP and reconciliations to those expected results
should be carefully evaluated. The non-GAAP financial measures used by the Company may
be calculated differently from, and therefore may not be comparable to, similarly titled
measures used by other companies. The Company may consider whether other significant
non-recurring items that arise in the future should also be excluded in calculating the non-
GAAP financial measures it uses. Reconciliations between the non-GAAP financial measures
on a GAAP basis and a non-GAAP basis are provided herein, as applicable.
Net Operating Losses (NOLs) Protective Provisions
During the third quarter of 2010, the Company received shareholder approval to amend its
articles of incorporation in order to protect its NOLs (the "NOL Protective Measures") and
those measures are now in effect. Under the NOL Protective Measures any person, company
or investment firm that wishes to become a "5% shareholder" of Livewire Mobile, Inc. must
first obtain a waiver from the Company's board of directors. In addition, any person,
company or investment firm that is already a "5% shareholder" of Livewire Mobile, Inc.
cannot make any additional purchases of Livewire Mobile, Inc. stock without a waiver from
the Company's board of directors.
Livewire Mobile, Inc. strongly urges that any stockholder contemplating owning more than
185,000 shares contact the Company before doing so.
About Livewire Mobile, Inc.
Livewire Mobile (otcmarkets: LVWR) is a Mobile Internet leader with one of the most
comprehensive one-stop digital content solutions for carriers, handset and tablet
manufacturers, and media companies entering the mobile content market. The Company’s
integrated suite of personalization services includes ringback tones, ringtones, DRM-free
mobile full-track music and videos, fully integrated storefronts, extensive content, and other
applications, as well as dedicated content marketing, mobile advertising solutions, and
integrated storefront management and merchandising. For more information, please visit
www.livewiremobile.com.
Livewire Mobile is a registered service mark and MyCaller is a registered trademark of
Livewire Mobile, Inc. All other trade names are the property of their respective owners.
Statements other than historical facts included or referred to in this Press Release are
“forward-looking statements”, including forward-looking statements about our optimism
about our long-term pipeline generation that we believe will result from our acquisition of
Fonestarz Media Group, Ltd, that our recent funding will help enable the Company to
continue to expand its international market presence and expand its already deep content
offerings, and our expected total annualized cost savings of approximately $0.9 million -
$1.0 million related to headcount reductions in May 2011. These statements are based on
management’s expectations as of the date of this document and are subject to uncertainties
and changes in circumstances. Actual results may differ materially from these expectations
due to risks and uncertainties including, but not limited to, our optimism about our longterm
pipeline generation that we believe will result from our acquisition of Fonestarz Media
Group, Ltd, that our recent funding will help enable the Company to continue to expand its
international market presence and expand its already deep content offerings, and our
expected total annualized cost savings of approximately $0.9 million - $1.0 million related
to headcount reductions in May 2011. In addition, while management may elect to update
forward-looking statements at some point in the future, management specifically disclaims
any obligation to do so, even if its estimates change. Any reference to our website in this
press release is not intended to incorporate the contents thereof into this press release or
any other public announcement.
Investor Relations:
Todd Donahue, CFO
Livewire Mobile, Inc.
978-742-3167
todd.donahue@livewiremobile.com
Media Relations:
Erin Schweppe, VP Product Marketing
Livewire Mobile, Inc.
978-742-3155
erin.schweppe@livewiremobile.com
Q1 Report should be imminent... hopefully better then the last time.
The ask smacking in the last two days could be an indication for good results... although i doubt it atm...
+ promised android app should be coming out in the next weeks. Moreau stated in Q1: "...should be going in the marketplace sometime in the next quarter..."
business as usual here in calbayland i see... sorry for all who got tricked again
smells pretty much like Roger is still involved somehow.... inglorious b******
should still be 2B Authorized // 1,345,451,582 Outstanding as it was in 2007 - but i´m not 100% sure
Android Musicstore data sheet pdf-link:
http://www.virtualpressoffice.com/JPContentAccessServlet?fileContentId=1000000017500&source=sd&showId=1034
...With the extensive variety and sophistication of smartphone handsets on the market today, consumers deserve access to the latest content and music anytime, anywhere. To meet this demand, Livewire Mobile is expanding its mobile personalization services by launching a music store for Android handsets.
Android is now the largest smartphone platform in the U.S. with 31.2 % of market share, according to the latest comScore data. Android users will have access to Livewire Mobile’s extensive catalog of music from all major and independent record labels, including Sony, Universal, Warner, EMI and Vidzone. Livewire Mobile will be showcasing its latest music storefront on Android devices at CTIA ShowStoppers...
__________________________________________________________________________________________________
Chief Operating Officer Dave Moreau speaks on youtube (rec. @ CTIA 2011):
Livewire Mobile goes ANDROID... anybody heard about the new Android app of LVWR yet ?