The Golden Lounge

[Dream]

ONTV 10Q due out next week. Info. inside.....

ONTV has been profitable for the past year, which went unnoticed by the investor community judging by the chart. With a 306% increase in revenue in Jan. 2002 mentioned in the most recent 10Q and appearances on TV (see below) in Feb. The coming 10Q due out around the 15th of this month could be VERY exciting!

Next 10Q is due out next week and should be another BLOWOUT QUARTER!

From last 10Q:

Additionally, management is very pleased with the continuation of that growth into the post holiday season. During the first month of the third operating quarter, customer orders increased 306% over the same month of the prior year. As previously indicated, management believes that this success is due to the expanded exposure that the domain name, AsSeenOnTV, receives. This is primarily due to the increase in the Company's advertising budget for registration with search engines.

Also, the CEO was on "The View" and ONTV products were featured on "Today" during the month of February. This could have also increase sales in the quarter.

Website:
http://www.asseenontv.com/

They also have a 2 million dollar lawsuit against Airborne Express:

In December 2001, the Company initiated a lawsuit against Airborne Express, seeking a claim of $2,000,000. This action was to recover losses and damages to the Company resulting from delivery services that were performed and were allegedly performed by Airborne as a shipper of products for ONTV's subsidiary, Seen On TV, Inc. The working relationship between Airborne and ONTV occurred at various times during the period of April 2001 through September 2001. The basis of the lawsuit is that the Company claims that Airborne failed to perform to a standard of service on the delivery of products to the customers of ONTV's subsidiaries, and further, failed to implement a package tracking system it had designed for ONTV. Losses to the Company may have occurred due to duplicate shipments and consulting time expenses, as well as damage to the Company's reputation. All financial exposure to the Company has been reflected in ONTV's financial statements, and all customers have been satisfied.

There are 23.7 shares outstanding and should still be around 8 million in the float.

Insiders information from http://www.quicken.com/investments/insider/?symbol=ONTV

Transaction Date Name Shares owned
07/05/01 Constanza, Frank T. 2,608,834
03/01/01 Fasano, Daniel M. 3,879,166

It’s time to buy and hold imo.

Dream