Nexicon has got to be one of the most fascinating two cent stocks -- we have ever followed (and yes even we are surprised we're so closely following a two cent stock). We cover Nexicon under both the Hollywood and Internet Stock Reviews.
If actions speak louder than words (a given in this market), look at the latest group of people who have joined the ranks of the company (who might be saying to themselves "this has got to be the most fascinating two cent stock company I have ever worked for !").
What we're writing about today...is not the company or its products, but rather offering up possible "evidence" that sales are about to initiate in a significant way. A big, big way. And while we could be wrong, it seems to us to when dealing with such a cheaply priced stock, that it would be better (better being defined as catching the maximum forward performance) to buy such a stock just "before" the evidence is in. Of course we came in a year ago, at a dime which in hindsight, was way before the evidence was in. Still, our thoughts then were that it could either be zero or $1.00 on excitement of news -- that they actually had a workable solution to Internet Piracy.
In our opinion, nothing has changed in the upside potential. If they serve up proof positive that they can take a major dent out of Internet Piracy, the stock should run like crazy. What has changed is the downside, which before was $0.10 to zero and which is now $0.02 to zero. Not bad from a new-comers point of view.
Almost overnight, the company has re-invented itself -- with these additional employees. Do a little mental detective work (assuming you have followed this company) and you should come up with the same conclusion that we have.
When a small struggling start-up, shortly after announcing a deal with major Fortune 500 company (thus signaling it actually has a viable business product) NEXT announces it's hiring all these sales people, that it can only mean one thing to us. That the phones are ringing off the hook at the home office -- and that they had better have the sales people on staff, to grab these orders. You don't hire sales people when you product is still under development !
This is what we imagine is happening:
Nexicon announces in a press release to "media owners" that copyrighted material can be easily monitored as it travels the Internet, it creates interest and maybe a phone call or two by the media owners who are tired of being "ripped off" (that's $ billions in music, movies and software).
Nexicon announces in a press release to "media owners" that copyrighted material can be easily monitored as it travels the Internet AND that it will serve as a third party intermediary between copyright owners and YouTube (owned by Fortune 150 Google), to provide content identification and monitoring services to copyright owners. In this instance, we'd imagine Media owners quickly pick up the phone and call. And in addition, "leads" that might have been on the fence, are suddenly much more interested.
Here's a recap of the new hires.
Samuel Glines was promoted to the post of president and chief operations officer, with Richard Urrea remaining as chief executive officer and Daniel Urrea as chief financial officer of the company. We know all of these folks and they are good people, hard working and smart.
Sam brings more than a dozen years of experience in the large-scale planning, management and delivery of business process and technology solutions for multibillion-dollar corporations that help drive and improve business performance. As an executive with Accenture, Glines managed large business change initiatives for Fortune 100 clients such as Anheuser-Busch, Caterpillar, Kraft, Ocean Spray, United Technologies and BMW.
=====
Advisory Board:
Farhan Yasin, President International Group for CareerBuilder.com. CareerBuilder was in our year "2000 Watch" List @ $7 when it had $170 million market cap and $12 million in sales. We miss those days. The following summer they merged with the Tribune and Knight-Ridder for $200 million in cash. Good thing they didn't take stock. Here's the McClatchy chart $70 down to $1.21 and no, we are not bargain hunting there.
Jerrold Krystoff, CEO and principal of Hospitality Development Group. A major developer, he has been involved in real estate investments and development since 1979.Mr. Krystoff's ventures include hospitality, high rise residential and commercial development.Mr. Krystoff is also a co-founder and principal of Colonial Development Group, LLC which is currently developing "The W Fort Lauderdale Hotel and Residences" (517 hotel and condominium hotel units) on Fort Lauderdale beach, "Infinity at Brickell" in the downtown Miami area (56 floors and 459 residential units) and "Europa by-the-Sea" (50 unit oceanfront luxury highrise) in Lauderdale By The Sea. Additionally, Mr. Krystoff has been a trustee for various Florida Land trusts as well as a beneficiary in various Florida Land Trusts which owns numerous tracts of land in the Orlando/Lake Buena Vista area..
Amy Schneirow, reporting to Nexicon CTO Tommy Stiansen, will manage and oversee all aspects of the company's operations, including client deliveries and internal operations. She segues to Nexicon from Strong-Bridge Consulting and Slalom Consulting in Seattle, where she served as a project manager and strategy consultant. She previously spent three years with Deloitte Consulting as a strategy and operations consultant. Schneirow graduated with an MBA from UCLA's Anderson School of Management and earned her undergraduate degree from Stanford.
Richard Sommese, who will lead Nexicon's government sales group, brings more than ten years of expertise in sales and business development of software solutions in the federal government. While working at EMC Corp., Global Technology Systems Consortium, IMS Systems and Ezenia, he gained a broad range of experience working with such customers as the Department of Homeland Security, DOD, USAF, Marine Corps and Navy. Sommese graduated from the U.S. Merchant Marine Academy and received his MBA from Webster University.
Deborah Cally, working under vice president of sales & business development Antony Payne, will focus on the media and entertainment industry. She previously served as director of west coast operations, sales & business development for TuneSat and sales and marketing coordinator for Technicolor Digital Cinema. She graduated East Carolina University with a degree in marketing and communications. Reed, also reporting to Payne, will cultivate Nexicon's relationships with ISPs and the media and entertainment sector. Previously manager of IPTV affiliate sales for TVN Entertainment, his background includes posts at Buena Vista Pictures Distribution, Walt Disney Worldwide Services and Universal Studios Home Entertainment, among other motion picture studios and television networks. Reed holds a B.S. in marketing from Depaul University.
=====
The above join:
Tommy Stiansen CTO & Founder. Originally from Oslo, Norway, Nexicon founder and CTO Tommy Stiansen designed and developed a telephone billing system, named 'Charon' that would be purchased and implemented by several Norwegian phone companies serving over 1,000,000 subscribers. When Stiansen sold Charon in 2005, he began re-engineering the software to monitor Internet traffic instead of phone traffic. Stiansen's background as a prolific and accomplished computer hacker in the late '90s assisted his development of this new solution. In the tight-knit anonymous community of hackers, Stiansen was able to penetrate the most secure of networks. In 2005, Stiansen was hired by a U.S. company to provide network security assessments for the U.S. government and several Fortune 500 companies. Stiansen founded Nexicon in 2003 and together with CEO Richard Urrea, spent over five years furthering the MARC technology platform and products, bringing them to market in Q3 2008.
Richard Urrea CEO. Richard Urrea has been President and Chief Executive Officer of Nexicon, Inc. since its inception in January 1999. Prior to Nexicon, Rick was the President of the oil-industry data communications firm Sycom International, Inc. (1997 to 1999). While there he led the company from the start up to the rollout of its national marketing plan and to the implementation of its manufacturing plan. In addition he served as President of Klaire International Ltd., a distributor of automotive parts in Latin America. Rick received his Bachelor's of Business Administration in Marketing and Business Broadcasting from Baylor University's Hankammer School of Business in 1989.
Daniel Urrea CFO. Daniel has been Chief Financial Officer of Nexicon, Inc. since its inception in January of 1999. Daniel has been Rick Urrea's trusted business partner for several years and has held top financial positions in both Sycom International, Inc. and Klaire International, Inc. In 1995 Daniel earned his Bachelor's in Business Administration with a concentration in Finance from the Robert O. Anderson School of Business at the University of New Mexico.
Antony Payne VP Sales & Business Development. Antony brings to Nexicon more than a decade of experience in the application of technology solutions that enhance profitability and security of media assets throughout production, storage, and distribution. He comes to the company from Surge!Media, a California-based technology consultancy specializing in secure digital distribution and content management. Antony served as Director General of Media Asset Management for Grupo Televisa, the world's largest Spanish language broadcaster and content producer of telenovelas, news, sports, music, and magazines. There he led the initiative to digitize and integrate Televisa's extensive libraries, enabling the Mexico City-based media conglomerate to leverage its assets across multiple platforms, most importantly http://www.esmas.com/.
As VP Business Development for EDS Digital Studios, Antony promoted the adoption by Hollywood studios of EDS' proprietary MAM system, MediaVault. Antony's clients included ABC, MTV, Disney, MGM, Universal, Paramount, Fox, and Sony. Antony also has extensive background in advertising and production, having begun his career as a producer at Ogilvy & Mather in London, later joining Giraldi Suarez Productions in New York. His award-winning credits include music videos (including R.E.M.'s "Losing My Religion" and Michael Jackson's "Beat It"), TV specials, documentaries, and live events.
Advisory Board
David Cerino, Senior Manager, Microsoft. David Cerino touts more than 20 years experience in software, travel and other industries specializing in the creation, development and execution of critical new business models. Currently, Cerino is at Microsoft Corporation working on large initiatives within the healthcare industry. Before joining Microsoft, Cerino was the driving force behind Orbitz' highly successful "Orbitz for Business" unit. As vice president and general manager, he created, built and operated this unique corporate travel market entry. His direct marketing efforts there brought more than 1,400 corporate clients to the portfolio within the first two years. Prior to his work at Orbitz, Cerino held the role of vice president of Internet marketing and customer experience for First USA Bank, as well as six years as senior director of marketing and product management for Amadeus Global Travel Distribution. Cerino has an MBA from Florida Atlantic University, and a BS in Mathematics and Computer Science from Wake Forest University.
Richard Putz, Operating Director, City Capital Advisors. Richard Putz is an Operating Director of City Capital Advisors, a Director at the Cambridge Institute of Applied Management, and entrepreneur. He has more than 30 years of experience as an operating executive in technology, financial services and real estate. Richard has served as both the CFO and Chief Strategy Officer of C-bridge and the Chief Strategy/Marketing Officer of Excelon, both public companies. He also served as Vice President and Director of Strategy within the Industry practice of Oracle Corp. where he managed acquisitions and the due diligence process. Richard was the CEO/President of Security Federal Bank & Trust, where he managed the acquisition of four financial institutions prior to taking the bank public. At Coopers & Lybrand Richard was the National Director for Technology Advisory Services focusing on strategy, mergers & acquisitions of technology companies and financial institutions. While at Laventhol & Horwath, he was the national practice director for workouts & mergers for The Federal Savings and Loan Insurance Corporation (FSLIC) and Federal Deposit Insurance Corporation (FDIC). In addition, Richard led teams performing due diligence on acquisitions of companies for clients such as Carl Icahn, The Marmon Group, Sam Zell, Kraft Corporation, and others. Richard is a CPA, CFE and graduate of St. Meinrad College and the University of Notre Dame, The Goldratt Institute in New Haven CT and certified member of the National Speakers Association, a member of the Association of former Intelligence officers and International Federation of coaches.
We guess the most interesting thing, would be to know how these folks knew an opportunity to work at Nexicon even existed. It's not like they were advertising in the employment ads for help.
I agree. These guys are building a real company...unlike most POS pinky scams....these guys are the real deal. A solid company with solid products, solid employees, and a bright future.
Market Data 
Markets 
AI
