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i just gobbled 50k @ .07, been bidding on and off in the .05s for about six months and would always get blocked and then give up. .07 market cap is still below cash on hand :)
Another nice 10q from ERMS
Market Value $1,207,893 a/o Nov 12, 2014
Cash and cash equivalents $1,829,420
Total Liabilities $70,059
"Revenue from product sales and maintenance was $198,051 for the three months ended September 30, 2014, compared to $145,239 for the three months ended September 30, 2013, representing an increase of $52,812, or 36%. The increase in revenues related to new hotels coming on in the latter part of 2013 and in 2014."
"We realized a net income of $9,329 for the three months ended September 30, 2014, compared to a net loss of $56,989 for the three months ended September 30, 2013"
ERMS.. $0.16 Business Summary
eRoomSystem Technologies Inc.
1072 Madison Avenue
Lakewood, NJ 08701
United States - Map
Phone: 732-730-0116
Fax: 435-628-8611
Website: http://www.eroomsystem.com
Details
Index Membership: N/A
Sector: Technology
Industry: Technical & System Software
Full Time Employees: 8
Business Summary
eRoomSystem Technologies, Inc. and its subsidiaries engage in the development and installation of eRoomSystem, an in-room computerized platform and communications network for the lodging industry primarily in the United States. The company?s eRoomSystem is a computerized platform and processor-based system that is installed within its eRoomServ refreshment centers, and is designed to collect and control data. Its eRoomServ refreshment centers consist of the eRoomSystem, a small refrigeration unit, electronic controls, LCD display, and vending racks. The company offers eRoomSafe, an electronic in-room safe; eRoomTray, an in-room ambient tray for dry goods; and eRoomEnergy, an in-room digital thermostat that is designed to control virtually any fan coil unit or packaged-terminal air conditioner found in hotel rooms. It also provides eRoomData Management that collects information regarding the usage of eRoomServ refreshment centers on a real-time basis; and eRoomEnergy Management to control virtually any fan coil unit or packaged terminal air conditioner found in hotel rooms. The company was formerly known as RoomSystems Technologies, Inc. and changed its name to eRoomSystem Technologies, Inc. in March 2000. eRoomSystem Technologies, Inc. was founded in 1993 and is headquartered in Lakewood, New Jersey.
ERMS.. $0.16 DD 10Q 8/16/10
eROOMSYSTEM TECHNOLOGIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
June 30, December 31,
2010 2009
ASSETS
CURRENT ASSETS
Cash and cash equivalents $ 2,021,820 $ 2,302,620
Investment in certificate of deposit 104,403 -
Investment in equity securities available for sale 85,000 -
Investment in real property tax liens, at cost, net of $5,000 loan loss allowance 82,280 -
Accounts receivable, net of allowance for doubtful accounts of $20,765 at June 30, 2010 and $19,087 at December 31, 2009 117,669 105,826
Inventory 86,133 75,911
Advance to supplier 51,025 53,011
Note receivable 522,438 522,685
Prepaid expenses 11,404 18,716
Total Current Assets 3,082,172 3,078,769
PROPERTY AND EQUIPMENT
Computer and office equipment, net of accumulated depreciation of $19,111 at June 30, 2010 and $11,971 at December 31, 2009 72,561 4,801
INTANGIBLE ASSETS, net of accumulated amortization of $2,532 at June 30, 2010 and $1,688 at December 31, 2009 2,532 3,376
DEPOSITS 4,950 4,950
Total Assets $ 3,162,215 $ 3,091,896
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable $ 10,450 $ 25,037
Accrued liabilities 63,900 94,640
Customer deposits 2,004 2,004
Total Current Liabilities 76,354 121,681
Total Liabilities 76,354 121,681
STOCKHOLDERS' EQUITY
Preferred stock, $0.001 par value; 5,000,000 shares authorized; none outstanding - -
Common stock, $0.001 par value; 50,000,000 shares authorized; 23,907,865 shares
outstanding at June 30, 2010 and 23,832,865 shares at December 31, 2009 23,908 24,123
Additional paid-in capital 34,156,703 34,079,467
Treasury stock at cost; 0 shares at June 30, 2010 and 290,300
shares at December 31, 2009 - (38,453 )
Warrants and options outstanding - 103,123
Accumulated deficit (31,179,750 ) (31,148,045 )
Accumulated other comprehensive income (loss) 85,000 (50,000 )
Total Stockholders' Equity 3,085,861 2,970,215
Total Liabilities and Stockholders' Equity $ 3,162,215 $ 3,091,896
See accompanying notes to condensed consolidated financial statements
-1-
--------------------------------------------------------------------------------
eROOMSYSTEM TECHNOLOGIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
For the Three Months
Ended June 30, For the Six Months
Ended June 30,
2010 2009 2010 2009
REVENUE AND INVESTMENT INCOME (LOSSES)
Product sales $ 219,106 $ 23,073 $ 409,986 $ 40,106
Maintenance fees 49,668 33,372 99,552 75,828
Revenue-sharing arrangements - 67,199 - 148,815
Interest income 22,638 35,942 53,052 73,735
Loss from other-than-temporary decline in equity securities (50,000 ) - (50,000 ) -
Total Revenue and Investment Income (Losses) 241,412 159,586 512,590 338,484
COST OF REVENUE
Product sales 117,703 17,361 251,770 32,755
Maintenance 7,378 - 23,135 7,623
Revenue-sharing arrangements - 21,449 - 46,951
Total Cost of Revenue 125,081 38,810 274,905 87,329
OPERATING EXPENSES
Selling, general and administrative expense, including non-cash
compensation of $11,250, $16,207, $12,351 and $19,096,
respectively 117,421 114,628 236,367 243,217
Research and development expense 31,295 5,085 33,023 5,085
Net Operating Expenses 148,716 119,713 269,390 248,302
Net Income (Loss) (32,385 ) 1,063 (31,705 ) 2,853
OTHER COMPREHENSIVE INCOME
Unrealized holding gains on investment in equity securities 85,000 - 85,000 -
Reclassification adjustment for losses included in operations 50,000 - 50,000 -
Comprehensive Income $ 102,615 $ 1,063 $ 103,295 $ 2,853
Basic Earnings (Loss) per Common Share $ - $ - $ - $ -
Diluted Earnings (Loss) per Common Share $ - $ - $ - $ -
ERMS.. DD Insider buying.. #3
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL
OMB Number: 3235-0287
Expires: February 28, 2011
Estimated average burden
hours per response 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*HARDT HERBERT A
--------------------------------------------------------------------------------
(Last) (First) (Middle)
C/O 737 THIRD AVENUE, 16TH FLOOR
--------------------------------------------------------------------------------
(Street)NEW YORK NY US 10017
--------------------------------------------------------------------------------
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
EROOMSYSTEM TECHNOLOGIES INC [ERMS.OB] 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/04/2010
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/04/2010 A 25,000 (1) A $ 0.15 520,821 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date
(Month/Day/Year) 7. Title and Amount of Underlying Securities
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4) 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. On May 11, 2010, the Issuer's Board of Directors approved an issuance of 25,000 shares of common stock to the reporting person for services rendered in his capacity as director.
Herbert A. Hardt 06/07/2010
ERMS.. DD Insider buying.. #2
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL
OMB Number: 3235-0287
Expires: February 28, 2011
Estimated average burden
hours per response 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*WEIN LAWRENCE K
--------------------------------------------------------------------------------
(Last) (First) (Middle)
27 RIPPLING BROOK DR.
--------------------------------------------------------------------------------
(Street)SHORT HILLS NJ US 07078
--------------------------------------------------------------------------------
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
EROOMSYSTEM TECHNOLOGIES INC [ERMS.OB] 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/04/2010
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/04/2010 A 25,000 (1) A $ 0.15 155,000 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date
(Month/Day/Year) 7. Title and Amount of Underlying Securities
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4) 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. On May 11, 2010, the Issuer's Board of Directors approved an issuance of 25,000 shares of common stock to the reporting person for services rendered in his capacity as director.
Lawrence K. Wein 06/07/2010
ERMS.. DD Insider buying.. #1
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL
OMB Number: 3235-0287
Expires: February 28, 2011
Estimated average burden
hours per response 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*SAVAS JAMES
--------------------------------------------------------------------------------
(Last) (First) (Middle)
6405 SOUTH 3000 EAST, SUITE 201
--------------------------------------------------------------------------------
(Street)SALT LAKE CITY UT US 84121
--------------------------------------------------------------------------------
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
EROOMSYSTEM TECHNOLOGIES INC [ERMS.OB] 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/04/2010
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/04/2010 A 25,000 (1) A $ 0.15 148,321 D
Common Stock 3,704,680 I holding company
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date
(Month/Day/Year) 7. Title and Amount of Underlying Securities
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4) 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. On May 11, 2010, the Issuer's Board of Directors approved an issuance of 25,000 shares of common stock to the reporting person for services rendered in his capacity as director.
James C. Savas 06/07/2010
ERMS.. $0.16 DD 10Q 5/17/10
eROOMSYSTEM TECHNOLOGIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
March 31, December 31,
2010 2009
ASSETS
CURRENT ASSETS
Cash and cash equivalents $ 2,068,583 $ 2,302,620
Short term investment 104,019 -
Accounts receivable, net of allowance for doubtful accounts of $16,468 at
March 31, 2010 and $19,087 at December 31, 2009 93,318 105,826
Inventory 79,475 75,911
Note receivable 522,192 522,685
Prepaid expenses 58,297 71,727
Total Current Assets 2,925,884 3,078,769
PROPERTY AND EQUIPMENT
Computer and office equipment, net of accumulated depreciation of
$12,757 at March 31, 2010 and $11,971 at December 31, 2009 72,367 4,801
INVESTMENT IN REAL PROPERTY TAX LIENS 42,107 -
INTANGIBLE ASSETS, net of accumulated amortization of $2,110 at March 31, 2010 and
$1,688 at December 31, 2009 2,984 3,376
DEPOSITS 4,950 4,950
Total Assets $ 3,048,292 $ 3,091,896
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable $ 22,227 $ 25,037
Accrued liabilities 52,065 94,640
Customer deposits 2,004 2,004
Total Current Liabilities 76,296 121,681
Total Liabilities 76,296 121,681
STOCKHOLDERS' EQUITY
Preferred stock, $0.001 par value; 5,000,000 shares authorized; none outstanding - -
Common stock, $0.001 par value; 50,000,000 shares authorized; shares 23,832,865
at March 31, 2010 and 23,832,865 at December 31, 2009 23,833 24,123
Additional paid-in capital 34,145,528 34,079,467
Treasury stock at cost 0 shares at March 31, 2010 and 290,300
shares at December 31, 2009 - (38,453 )
Warrants and options outstanding - 103,123
Accumulated deficit (31,147,365 ) (31,148,045 )
Accumulated other comprehensive loss (50,000 ) (50,000 )
Total Stockholders' Equity 2,971,996 2,970,215
Total Liabilities and Stockholders' Equity $ 3,048,292 $ 3,091,896
See accompanying notes to condensed consolidated financial statements
1
--------------------------------------------------------------------------------
eROOMSYSTEM TECHNOLOGIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
For the three months ended March 31, 2010 2009
REVENUE
Product sales $ 190,880 $ 17,033
Maintenance fees 49,884 42,456
Revenue-sharing arrangements - 81,616
Interest and other income 30,414 -
Total Revenue 271,178 141,105
COST OF REVENUE
Product sales 134,067 15,394
Maintenance 15,757 7,623
Revenue-sharing arrangements - 25,502
Total Cost of Revenue 149,824 48,519
GROSS PROFIT 121,354 92,586
OPERATING EXPENSES
Selling, general and administrative expense, including non-cash compensation
of $1,101 and $2,889, respectively 118,946 128,589
Research and development expense 1,728 -
Interest and other income - (37,793 )
Net Operating Expenses 120,674 90,796
Net Income 680 1,790
Basic Earnings Per Common Share $ 0.00 $ 0.00
Diluted Earnings Per Common Share $ 0.00 $ 0.00
eRoomSystem Technologies Enters Into Agreement to Receive Interim Debt Financing of Up to $322,500
SALT LAKE CITY--(BUSINESS WIRE)--Nov. 15, 2002--
Interim Debt Financing Provides the Company 90 Days to Resolve
Financial Issues and Submit a Request to Nasdaq for Approval of
Up to $2,500,000 of Series D Convertible Preferred Stock Financing
eRoomSystem Technologies Inc. (Nasdaq:ERMS), a leading supplier of in-room technologies for the lodging industry, today announced the signing of a convertible promissory note ("Convertible Note") with Ash Capital LLC, its largest stockholder. Under the terms of the Convertible Note, Ash Capital will provide up to $322,500 in financing, and is obligated to loan the company a minimum of $250,000.
On Nov. 8, 2002, the company also entered into a Stock Purchase Agreement for the issuance of up to 2,777,778 shares of Series D Convertible Preferred Stock ("Series D Preferred Stock"). Ash Capital's commitment is up to $1,500,000 (inclusive of the Convertible Note), subject to the company satisfying each of the conditions in the Stock Purchase Agreement.
As a condition to closing the Series D Preferred Stock financing, the company must achieve the following: (a) obtain a new funding line to finance the placement of its products on a revenue sharing basis; (b) comply with Nasdaq's minimum bid requirement of $1 per share for 10 consecutive trading days by Jan. 15, 2003; (c) obtain consent from Nasdaq, or a majority of the company's shareholders, to issue the Series D Preferred Stock on the terms described above; (d) receive written confirmation from AMRESCO that neither it nor its subsidiaries is in default under the Master Business Lease Financing Agreement; (e) the company's manufacturer must commit to supply product to the company at an amount not to exceed current pricing; (f) must have executed settlements in place with its trade creditors who represent not less than 95% of the outstanding accounts payable as of Nov. 11, 2002; (g) the amount of proceeds from the Series D Preferred Stock shall not be less than $2,000,000; (h) there shall not be in effect any order that would prevent or make unlawful the closing of the Series D Preferred Stock financing; and (i) there shall not have occurred (or reasonably be expected to occur) any event, change or development which has had or could reasonably expected to have a material adverse effect.
Upon issuance, the Series D Convertible Preferred Stock will be convertible into common stock on a 1-for-6 basis, or at $0.15 per share. Thus, assuming 2,777,778 shares of Series D Preferred Stock are purchased in the private placement offering, such shares would be convertible, with the consent of a majority of the Series D stockholders, into 16,666,667 shares of common stock of the company.
The company intends to submit a request to Nasdaq in the next few days requesting consent to the terms of the Series D Preferred Stock financing. In the event that Nasdaq declines the company's request, the company will be required to solicit its shareholders and obtain majority approval for the Series D Preferred Stock financing to occur. There can be no assurance that the company will be successful in obtaining the consent of Nasdaq or a majority of its shareholders.
About eRoomSystem Technologies
eRoomSystem Technologies is a full service in-room provider for the lodging and travel industries. Its intelligent in-room computer platform and communications network supports eRoomSystem's line of fully automated and interactive refreshment centers (minibars), room safes, ambient trays and other proposed in-room applications. eRoomSystem's products are installed in major hotel chains both domestically and internationally. eRoomSystem ("ERMS") is a publicly-traded company listed on NASDAQ SmallCap Market.
CONTACT: eRoomSystem Technologies Inc., St. George
Gregory L. Hrncir (press/investor), 435/688-3603
Fax: 435/628-8611
gc@eroomsystem.com
so where's the "good news"?eom.
Up 50% on very low volume between 2p.m + 3p.m.,when exactly is the news due?Took small position for now.
good news this week !!! watching like a hawk!!
Recent PRs:
http://www.pcquote.com/stocks/news/GetNews.php?ticker=erms
EROOMSYSTEM TECHNOLOGIES INC 0.2200 +0.02
Fri, Sep 27
1:51pm EDT
eRoomSystem Receives Notice From AMRESCO Leasing Corp. of Its Intent Not to Fund Additional Loans; Negotiations with Other Lenders in Progress (Source: Business Wire) (Full Story)
Tue, Sep 10
9:00am EDT
eRoomSystem Technologies Inc. Signs Strategic Alliance Agreement With Hospitality Safe Corp.; Increase in Sales Opportunities and Further Decrease in Manufacturing Costs (Source: Business Wire) (Full Story)
Thu, Aug 29
9:02am EDT
eRoomSystem Technologies Inc. Will Relocate to the Salt Lake City Area; Further Reduction in Operating Expenses Anticipated (Source: Business Wire) (Full Story)
Thu, Aug 22
12:03pm EDT
eRoomSystem Technologies Inc. Closes on $140,489.28 of Financing with AMRESCO Leasing Corp. -- eRoomSystem Receives Funding on Equipment Installed at Marriott Baltimore Inner Harbor (Source: Business Wire) (Full Story)
Tue, Aug 20
8:59am EDT
eRoomSystem Technologies Inc. Signs Revenue-Sharing Agreement with the Cleveland Marriott Airport (Source: Business Wire) (Full Story)
Wed, Aug 14
9:02am EDT
eRoomSystem Technologies Inc. Receives Notice of Allowance On Its Unique Inductive Sensor System for Vending Devices -- Inductive Sensing Eliminates the Need for Moving Sensors in A (Source: Business Wire)
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
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eRoomSystem Technologies Inc. (ERMS)
http://www.eroomsystem.com/main.html
*** TOP REASONS TO BUY eRoomSystem Technologies Inc. (ERMS) NOW ***
Insiders are buying and with good reason, revenues are skyrocketing, tons of cash and assets, virtually no debt or liabilities, with customers like Marriott International, Hilton Hotels, Carlson Hospitality Worldwide and other boutique hotels in the United States and internationally, product is in demand! This small undiscovered company has blue skies ahead, with a tiny float and only 24M O/S it is about to see it's share price soar! Now is the time to follow the insiders and BUY!
HIGHLIGHTS:
-Insider buying of over 95 000 shares in the few days (May 19th 2015 to May 21st 2015)
-Insider buying of over 733 000 shares in the last 12 months
-Insider buying of over 1 Million shares in the last 24 months
(What a BUY SIGNAL, ask yourself this who know more about the company, you or the insiders, of course the insiders do and they are buying, so should we!)
-Over $2.5 MILLION in assets
-Over $1.5 MILLION in cash (very healthy with TONS of free cash and assets, another excellent BUY SIGNAL)
-Revenue growth exploding, quarter over quarter, year over year! (Now you can see why the insiders are buying!)
-For the three months ended March 31, 2015 revenues were almost $200 000 up a strong 9% over the same period for 2014.
-Year end revenues for 2014 were almost $800 000 up a WHOPPING 32% over the same period for 2013
-Revenues are projected to continue skyrocketing and could reach $5 million per year by the end of 2016
-Virtually NO DEBT or LIABILITIES (another amazing sign of just how healthy this small company is and a BIG BUY SIGNAL)
-A tiny share structure of approximately 24M O/S and a FLOAT of just 14M (This means that the share price can rise very quickly, NOW is the time to buy before the share price takes off!)
-STOCK PRICE TARGET gives eRoomSystem Technologies Inc. (ERMS) a STRONG BUY rating and 6 month price target of 70 cents. (That represents potential gains of approximately 800% from current levels!)
About eRoomSystem Technologies Inc. (ERMS)
If you have stayed at Marriott International, Hilton Hotels, Carlson Hospitality Worldwide, or in other boutique hotels in the United States and internationally it's likely you have experienced the service and quality difference that eRoomSystem Technologies Inc. (ERMS) brings!
eRoomSystem Technologies Inc. is a leader in fully-automated computerized refreshment centers (minibar), safes, and other integrated in-room technologies. eRoomSystem products are installed in leading hotel chains and independent lodging properties around the world.
The company helps hotel management with ways to increase profits and maximize efficiency and minimize operational costs.
The four key components to the eRoomSystem™ are the refreshment center, the safe, the energy management control and the computer module.
The AMENITIES MANAGER™ deliver solutions in order to reduce operating costs, enhance hotel guest satisfaction and provide higher operating profits to the customers. The solutions offered by our AMENITIES MANAGER™ and related products have allowed the company to establish relationships with many premier hotel chains. In addition to providing customers with valuable amenity management solutions that pay for itself, a revenue-sharing program has allowed the company to partner with customers and provide solutions at little or no up-front cost. Customers share in revenues generated from the sale of goods and services related to our platform. As an alternative solution, the company offers a turnkey arrangement which provides both products and restockers to hotels.
The company also provides customer service and maintenance for refreshment centers owned by hotels and instructs hotel personnel on the use and maintenance of its products; and manages the process of providing product and restockers to the hotels. In addition, it provides asset backed loans. The platform’s core is proprietary software that provides a cloud-based system to assist a hotel in enhancing its image and theme through distinctive products and managing its amenities with optimized efficiency.
Follow The Insiders And Win, here again is the BIGGEST BUY SIGNAL you can get:
-Insider buying of over 95 000 shares in the few days (May 19th 2015 to May 21st 2015)
-Insider buying of over 733 000 shares in the last 12 months
-Insider buying of over 1 Million shares in the last 24 months
(What a BUY SIGNAL, ask yourself this who know more about the company, you or the insiders, of course the insiders do and they are buying, so should we!)
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