Options Media Group Holdings, Inc. (OPMG)

[trader53]

Valuation Measure for OPMG

Current Price 0.02c


FROM SCOTTRADE:
Revenue $1.2M
Revenue per share 0.07c
BookValue per share 0.03c
CashPerShare 0.00c


YAHOO FINANCE:
Total Cash $708K
Shares Outstanding 229M
Revenue(ttm) $6.46M

FROM Latest Quarterly Report 10-Q Mar 31st
Total Assets $8.2M
Total Liab. $ 987K
Ratio 8:1

the first quarter of 2010 ending March 31st. Revenues for the quarter were approximately $1.2 million with gross margins just under 71%. The Company continues to strengthen its balance sheet on a year over year basis ending the most recent quarter with cash balance of just over $708,000, current assets of approximately $1.4 million and total assets of $8.3 million. The Company has also eliminated all notes payable and long term debt.

"We are very pleased to present out latest results to our investors and other stakeholders," commented Scott Frohman, CEO of Options Media Group. "We have improved our balance sheet on almost every possible metric and we have done an excellent job in managing our expenses with our server and hosting, compensation, bad debt and G&A expenses all falling considerably compared to comparable periods. We believe our strengthened balance sheet positions us well to capitalize on the growing markets for social media and mobile phone applications we have recently entered."

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