Telkonet Inc (fka TKO)

[KauaiPI]

benduck~tftr~interesting site (http://www.1800905geek.com) have you used them? We don't have one locally but interesting site to check out! Their 24/7 phone service might be the way to go next time I have a problem that didn't require an in-person visit. I assume it is costly?

One has to wonder however, why a relationship could not have been exploited without the dilution. After listening to RP's response to the CC questioner I am still of a mixed mind over this

Ron Pickett, president and chief executive officer of Telkonet, commented, "This strategic investment in one of the fastest growing on-site computer services companies in the country is consistent with our strategy of partnering with best-in-class companies to distribute our products to the market. The market for residential and small business technical support services is growing rapidly and we believe is a high value channel to drive additional distribution of our innovative technologies."


Of course, they did do pretty well with the global investment. I think a $2m return on a 131K investment is nothing to sneeze about lol

From another board (thanks Pat);

Re: here we go----not too good press
so that you do not have to copy and paste into your browser ---here is the article:

Thursday, November 8, 2007 - 2:54 PM EST
Money-losing Telkonet sells investment to raise cash

Washington Business Journal - by Erin Killian Staff Reporter

Telkonet Inc. sold its interest in BPL Global Ltd. for $2 million in cash.

Germantown-based Telkonet, which installs broadband over existing electric lines, said Thursday that in 2005 it had invested $131,000 in BPL Global, a privately held "green technology" company that advises utilities on ways to operate more efficiently. Telkonet's interest was sold to "certain existing shareholders" of BPL Global, which is based in Sewickley, Pa.

The move comes as Telkonet has been trying to get into the black. In its most recent quarterly filing ended June 30, Telkonet (AMEX:TKO) lost $4.6 million, compared with a $7.6 million loss in the same quarter a year ago. Second-quarter revenue was $3.7 million, more than double the $1.2 million in revenue during the comparable quarter.

The company faced threats of delisting from the American Stock Exchange earlier this year and lost two key executives, co-founder Steve Sadle who retired in August and Chief Marketing Officer Robert Crabb who retired in September.

In October, Telkonet paid $4.5 million in stock for a 30 percent stake in Norfolk-based 1-800-905-GEEK, which dispatches computer technicians to homes and small businesses.

Related News
Sansom named COO of BPL Global [Pittsburgh]
Local venture capital slips in Q1, in contrast to national numbers [Pittsburgh]
BPL Global gets $26M in financing round [Pittsburgh]
Telkonet buys stake in 1-800-905-GEEK [Baltimore]
Convention Center to get IP service through powerlines [Tampa Bay]

GLTA

kp