Immediatek, Inc. (fka IMKI)

[Stock]

Outstanding Share Count has not changed for the past several reports now:

As of May 15, 2008, the issuer had 535,321 shares of common stock outstanding

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Other highlights:

http://ih.advfn.com/p.php?pid=nmona&cb=1211169665&article=26348747&symbol=NB%5EIMKI


...As of March 31, 2008, we had $348,986 of operating funds, which management anticipates will sustain our operations, as presently conducted, until the third quarter of 2008. At the end of the third quarter of 2008, we anticipate that our operating activities will not generate sufficient cash to fund our future operations and that we will be required to seek additional funds at that time.

Further, the Company may identify and pursue additional acquisitions. In the event that the Company consummates an additional acquisition, it may require additional funds prior to the end of the third quarter of 2008. No assurances, however, can be given that those opportunities can be realized upon, if available...



...RadicalBuy does not currently charge a fee for listing items for sale; it only charges a commission-based fee upon the sale of items that are listed. The final value selling fee is based on a tiered platform. The fee schedule is 5% of the first $25 in value, plus 3% of the value from $25-1000, plus 1.5% of the value over $1000. The maximum final selling value fee is $500 per item...



...Areas of Focus

RadicalBuy — Successful Roll-Out and Improvement s. Our current primary focus is launching the other planned aspects of RadicalBuy, which includes additional features for the website and other revenue generating features. We are attempting to create a website that is a full-service online marketplace. We anticipate launching additional features for the website in the third quarter of 2008. In tandem with the roll-out of the website and additional features, we will continue to focus on refining and improving the applications previously launched.

RadicalBuy — Increase Users and Transactions . We also are focusing on increasing the number of users of RadicalBuy and the number of items listed for sale through it. In that respect, we may offer promotions to new and existing users to list their items for sale through RadicalBuy.

Acquisitions. We may also identify and pursue additional potential acquisition candidates. No assurances can be given, however, that we will be successful in identifying any potential targets and, when identified, consummating their acquisition....


...Other Income — Related Party.

On February 28, 2008, we entered into an Agreement for Project Staffing Services with HDNet Fights, Inc., an affiliate of Radical Holdings LP. The Agreement for Project Staffing Services provides that we will provide personnel, as independent contractors on an hourly-fee basis, to perform computer software programming, system analysis, design, project management, consulting, and education and training for HDNet Fights, Inc. For the three month period ended March 31, 2008, we earned $7,525 under this agreement....