EXPU.0007.UNREAL.243 MILLION O/S TIMES .0007=CAP OF ONLY 270K$.LOL
CRAZY.DID ANYONE READ THE ENWS YESTERDAY??IF THIS GETS VOLUMES AGAIN I EXPECT IT TO ROCK BIG TIME IMO.
The Company's second quarter revenue had an increase of 59.85% comparing to the first quarter of 2011 with the ATM transaction revenues increasing 135.96% comparing to the first quarter.
"With quarterly revenue growth of 59.85% comparing to the first quarter and 135.96% in ATM transactions revenues we are starting to see our plan roll out," said Robert Rico, Expert's CEO. "We will continue to install ATMs throughout the year and are extremely pleased with our March quarter revenues, earnings and cash flow from operations; we look ahead to the third fiscal quarter of 2011."
In February, we entered into our first ATM agreements throughout Florida; since then we have installed and are operating dozens of ATMs and have had over 13,000 transactions. We are working to increase our ATM-AP to over 100 by year end.
In March, we received our first hotel contract installation agreement and from there on we have been actively installing ATMs. The fee contract for $200,000 involves the service and maintenance of multiple ATMs. This order comes after over 6 months of rigorous studying and testing of our ATM portals by Expert's team. The successful completion of this initial agreement could potentially yield millions of dollars for Expert. Still, this is only a small segment of our overall business strategy, and we expect to pursue other applications and contracts with hotels moving forward.
Press Release Source: Expert Group, Inc. On Monday August 1, 2011, 9:15 am
MIAMI, Aug. 1, 2011 /PRNewswire/ -- Expert Group, Inc.® (Pinksheets:EXPU.pk - News) today announced financial results for its fiscal 2011 second quarter ended March 29, 2011. Expert sold 10 thousand ATM Transactions during the quarter, a 100 percent unit increase over the quarter-to-quarter. The Company has seen a huge growth in mortgage originations due to the foreign buyers in the Miami Condo market.
The Company's second quarter revenue had an increase of 59.85% comparing to the first quarter of 2011 with the ATM transaction revenues increasing 135.96% comparing to the first quarter.
"With quarterly revenue growth of 59.85% comparing to the first quarter and 135.96% in ATM transactions revenues we are starting to see our plan roll out," said Robert Rico, Expert's CEO. "We will continue to install ATMs throughout the year and are extremely pleased with our March quarter revenues, earnings and cash flow from operations; we look ahead to the third fiscal quarter of 2011."
Business and Operation Developments
Since the beginning of the year, we have made significant progress in building our business and advancing our operations. Included in these accomplishments are the following:
In February, we entered into our first ATM agreements throughout Florida; since then we have installed and are operating dozens of ATMs and have had over 13,000 transactions. We are working to increase our ATM-AP to over 100 by year end.
In March, we received our first hotel contract installation agreement and from there on we have been actively installing ATMs. The fee contract for $200,000 involves the service and maintenance of multiple ATMs. This order comes after over 6 months of rigorous studying and testing of our ATM portals by Expert's team. The successful completion of this initial agreement could potentially yield millions of dollars for Expert. Still, this is only a small segment of our overall business strategy, and we expect to pursue other applications and contracts with hotels moving forward.
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