GLMB.. $0.133.. You sure are correct on this latest move but the overhead has been pierced a little bit higher each time it happens but I still haven't been kissed..
.. GLMB gives gudiance and usually exceeds plus it reports and files..
It's biggest drawback is that some believe that Malaysia is part of CHINA and the president has a name that seems to be tainted by that same confusion.. But if it continues to report and exceed it will one day wake up.. If I am correct most companies from China continue to report lower revs. and earns.. This is not the case here.. But at 1 X PE it should be looked at with somewhat of a cautious eye..
I personally like the risk and challenge of being right on this one.. It also gives some an excuse to post.. hank
SPOKANE, Wash., April 9, 2013 (GLOBE NEWSWIRE) -- Global MobileTech, Inc. (OTCBB:GLMB), a leading Web and mobile communications service provider in Asia, announced today that its earnings per share for the quarter ended March 31, 2013 is expected to be in the range of $0.04 to $0.05 based on 8,661,991 shares of common stock outstanding as of March 31, 2013.
The Company anticipates its earnings per share for the full fiscal year ending June 30, 2013 to be between $0.16 and $0.18. This guidance is based on the results the Company had achieved for the first six months of fiscal 2013, the preliminary third quarter results and the expected revenue of approximately $17.5 million compared to $15.4 million in 2012.
Global MobileTech's revenues and earnings are expected to further increase for fiscal 2014 following the commercial roll out of Cliq2Talk, a real-time multimedia communication service anticipated during June 2013. The service brings together the most advanced multimedia communication features that include the ability to record video calls, broadcast pre-recorded or live events, play online games and shop at Cliq2Talk online store.
Our guidance is based on assumptions and information currently available but changes in these assumptions and other circumstances could materially impact earnings for fiscal 2013 significantly above or below this guidance. The estimated ranges are subject to factors described under "Risk Factors" in our Annual Reports.
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Global MobileTech, Inc. (www.globalmobiletech.com) provides a proprietary technology platform used to deliver mobile communication services and mobile advertising to users participating in a rewards program. The rewards program allows users to earn rewards points that may be used for free long distance and international calls and other incentives in return for their participation in the program. Global MobileTech provides its patented technology to channel and private label partners and operates the MobiCAST and MobiREWARDS programs. Its principal user base is located in Malaysia and Hong Kong. In addition, Global MobileTech operates an alternative energy segment providing biomass energy consulting services in South East Asia.
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