LEAMINGTON SPA, United Kingdom, May 31, 2012 /PRNewswire/ – DNA Dynamics,
Inc. (OTC Pink: DNAD), a global developer and publisher of mobile videogames
is delighted to announced that, through its wholly-owned subsidiary DNA
Interactive Ltd, and in collaboration with Appbackr, Inc. and Bad Neighbors,
Inc., THE NAKED GUN: I.C.U.P.® is at long last now available for
download on iOS® devices.
Named as one of the most anticipated mobile games of 2012 by Pocket Gamer,
THE NAKED GUN: I.C.U.P. was designed by DNA and Bad Neighbors as an
uproarious adventure game that introduces a fresh twist to the venerable
Paramount Pictures film franchise. Spoofing modern crime dramas and popular
video gaming culture, THE NAKED GUN: I.C.U.P. features classic 2-D
adventure gaming updated for today’s modern audiences. Gameplay features
include finger-numbing mini-games, collectible objects, upgradeable
environments, completely arbitrary unlockable outfits and surprise cameos by
some of the gaming world’s most notoriously obnoxious characters.
Bob LoCash, the original film series writer/producer who penned the game’s
all-new storyline, stated, “Bringing this new chapter to life with the amazing
and talented crew at DNA (I was held hostage for three days with a sack over
my head until I agreed to the preceding statement) was a total pleasure.
This game is something special – a funny and engaging piece of entertainment
that will hopefully win the hearts of Naked Gun fans, gaming fans, and comedy
fans alike. If not, there’s always dinner theatre.”
Channelling the hard-nosed, but dumb-witted characters brought to life in the
film series, THE NAKED GUN: I.C.U.P tasks mobile gamers to follow Lt.
Frank Drebin’s son, Frank Drebin, Jr. along with his brand-new crime-fighting
team to dispense justice on evil-doers which, let’s face it, should be easier
than finding morbidly obese people at a Renaissance Fair!
THE NAKED GUN: I.C.U.P. is available for $4.99 – or about the same
price as a gallon of milk for your needy family – from the App Store® for
iPad and iPhone.
About Bad Neighbors, Inc.
Bad Neighbors Inc. is a multimedia
company dedicated to returning the lost arts of narrative and twisted humor into
video games, feature films, and television. THE NAKED GUN:
I.C.U.P.® is their first title. Other projects in development include the
feature-film comedies THE NOBODY and STUDS, currently in pre-production with
Stove Village Pictures.
About Appbackr Inc.
Appbackr Inc. is a privately funded startup
based in Palo Alto, CA. The first wholesale marketplace for apps, appbackr’s
approach revolutionizes the mobile industry by solving common funding and
distribution problems. Appbackr enables app developers to raise cash without
giving up equity in the company or product. Winner of the PayPal X Developer
Challenge and SVASE/Cambridge West Ventures Seed Fund Award, the Company was
also selected as an AlwaysOn Global 250 Company.
About DNA Interactive Ltd
Established in 2010, DNA Interactive, a
wholly-owned subsidiary of DNA Dynamics, is a publisher of games and apps for
mobile and tablet devices including iPhone®, iPad® and
Android™ phones and tablets. At the present time, DNA Interactive’s IP
portfolio is comprised of proprietary game titles which include Quest of
Legends, Jigsawium, Legacy: Mystery Mansion, Chess
Crusade and Sudokium. Its licensed titles include The Naked
Gun™and Warheads: Medieval Tales. For more information, please visit
www.dna-interactive.com.
About DNA Dynamics, Inc.
Headquartered in Leamington Spa in the
United Kingdom, DNA Dynamics is a worldwide developer and publisher of
graphically rich, highly experiential interactive entertainment currently
delivered on iOS®, Android™, Nintendo DS™ and Sony PSP®
platforms. Through its operating subsidiaries, DNA Studios and DNA
Interactive, the Company has created, acquired or licensed a portfolio of highly
recognizable or emerging brands that broadly appeal to its consumer
demographics, ranging from children to adults and casual gamers to serious
enthusiasts. For more information, please go to www.dnadynamics.net. You
can also follow the Company on Facebook and Twitter.
Forward-Looking Statements
This press release may contain forward-looking statements, including
information about management’s view of DNA Dynamics, Inc.’s future expectations,
plans and prospects. In particular, when used in the preceding discussion, the
words “believes,” “expects,” “intends,” “plans,” “anticipates,” or “may,” and
similar conditional expressions are intended to identify forward-looking
statements. Any statements made in this news release other than those of
historical fact, about an action, event or development, are forward-looking
statements. These statements involve known and unknown risks, uncertainties and
other factors, which may cause the results of DNA Dynamics, its subsidiaries and
concepts to be materially different than those expressed or implied in such
statements. Unknown or unpredictable factors also could have material adverse
effects on DNA Dynamics’ future results. The forward-looking statements included
in this press release are made only as of the date hereof. DNA Dynamics cannot
guarantee future results, levels of activity, performance or achievements.
Accordingly, you should not place undue reliance on these forward-looking
statements. Finally, DNA Dynamics undertakes no obligation to update these
statements after the date of this release, except as required by law, and also
takes no obligation to update or correct information prepared by third parties
that are not paid for by DNA Dynamics.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
Elite Financial
Communications Group, LLC
Dodi Handy, President and CEO
(Twitter:dodihandy)
For Media: Kathy Addison, COO
(Twitter:kathyaddison)
(407) 585-1080 or via email at DNAD@efcg.net
Archive for May 2012
DNA Dynamics (Pink: DNAD) Announces Release of Naked Gun App Game For Apple iOS Devices.
The Facebook IPO Drama Continues. Is It Cheap Enough Yet? Senorita Doesn’t think so.
Good evening mi roacheros!
Senorita here with a bit of a rant regarding the big ole Facebook bullshit that many penny stock players have been warning people about since day 1. After a week of taking a 36% shit Facebook inc., (Nasdaq: FB) is now being labelled as “Cheap” by many looking to dump their shares onto more [b]ZUCKERS[/b] in my humble roachy opinion.
I did state in my original FB blog, “How to trade Facebook for profits, while everyone else is losing” (http://www.stockroach.com/how-to-trade-facebook-nasdaq-fb-for-profits-while-everyone-else-is-losing/) that should Facebook break $30, we will most likely see the $28s. It appears that many traders were aware of the importance of that range and had tight stops in the $30s.
Well that day is here and what an ugly day it is for the FacePlant longs. We’ve been telling you hipster, “Oh look at me, I own shares of Facebook! Look at how cool I am!” that it’s a pumpty dumpty and to wait for that POS to find bottom. Yes it is a great flipper, and even the daily options players are having a blast with it but in my opinion is that it hasn’t bottomed just yet but with the money flowing through it and with a 36% beheading from last week’s $45 high to today’s $28.65 low I personally smell some great flips Opps on it.
Extreme volatility but there is a pattern and tomorrow FB could show some strength as people pump pump pump and pump some more to get rid of their bags and zuckers buy them.
Hey at least the jokes keep getting better so there are many that see the humor in Faceflop, and if you are underwater on Facebook, I feel for your losses…. actually no I don’t, you’re the kind of person that will go to midnight releases of video games in 20 degree weather.
All traders have made mistakes before, especially if you are new to trading or investing so don’t be too hard on yourselves and read on how to minimize losses and maximize gains by downloading the FREE StockRoach E-book ( Click “Right Here” ).
Us penny players have seen and played some of the biggest pumps and dumps on the market, so learn how to avoid them or better yet… Learn to trade the volatility!
Now with that said, I am not even going to bother to try and guess the bottom for FB since we do not know if there will be more shares released at a high rate as many saw today but Facebook did show a very nice bounce from $28.65 – $29.25 for a not to shabby .50 per share flipping range.
Resistance will most likely come in at the $29 ranges however as many flippers do not mind flipping stocks for $1-2 in gains per share.
So the bulls managed to bounce the FB ball today at the mid $28s and then got denied in the low $29s. The trading range for Facebook that I am keeping my eyes on tomorrow as a daily scalp is the $27.50 – $29s. As long as people keep calling it, “too cheap” there’s a chance to catch a potentially nice bounce.
I’m telling ya Zuckerberg, let me or Papa Roach know when it’s FCBK.pk and we’ll pump the crap out of it for ya lol. I am just joking, or am I?
Senorita “Facebook? More like FaceCrook, amirite?”
The Largest Collapse Of A Law Firm In U.S. History, Dewey & Leboeuf.
Breaking news courtesy of Yahoo finance. Economic downturn crushes major law firm.
NEW YORK/BANGALORE (Reuters) -
The crippled law firm Dewey & Leboeuf LLP filed for Chapter 11
bankruptcy protection Monday night and will seek approval to liquidate its
business after failing to find a merger partner, marking the biggest collapse of
a law firm in U.S.
history.
Once one of the largest law firms in the
U.S., Dewey has been hit by the loss of the vast majority of its roughly 300
partners to other firms amid concerns about compensation and a heavy debt
load.
Dewey had warned employees earlier this
month of the possibility the firm may shut down, and a person familiar with the
matter had told Reuters that the firm was considering a bankruptcy filing.
“Dewey’s failure is rocking the industry in
the sense that most firms are saying to themselves, if Dewey could go down,
could we?” Kent Zimmermann, a legal consultant at the Zeughauser Group, said in
an email Monday night.
Dewey said in a filing it had decided to
wind down its business following unsuccessful negotiations with other law firms to strike a
deal. It said it would ask about 90 employees to remain on staff to assist in
the liquidation, which it expects to be completed in the next few months.
Negative economic conditions, along with
the firm’s partnership compensation arrangements, created a situation where its
cash flow was insufficient to cover capital expenses and full compensation
expectations, Dewey said.
“During the first quarter of 2012, the firm was confronted with liquidity
constraints that led to the precipitous resignation of over 160 of the firm’s
300 partners by May 11,” the New-York based firm said.
Dewey listed liabilities in the range of
$100 million to $500 million, according to the filing. It had already terminated
433 of its 533 New York employees earlier this month, according to the state’s
labor department.
MONTHS OF TURBULENCE
The firm’s collapse is expected to be the
subject of years of court proceedings, and a number of former partners have
already retained lawyers to represent them.
Monday’s filing follows months of
turbulence, as wave after wave of partner defections shattered the high-profile
firm from within. In April, the Manhattan District Attorney’s office launched a
criminal probe of former firm chairman Steven Davis. He has denied any
wrongdoing.
The result of a 2007 merger between Dewey Ballantine and
LeBoeuf, Lamb, Green & MacRae, Dewey & LeBoeuf had about 1,450
attorneys at its peak, according to The National Law Journal.
But the firm was eventually undone by a
combination of the economic downturn, excessive compensation and governance
problems, according to former partners and others in the industry. In
particular, Dewey’s management promised millions in packages to about 100
partners, according to the court filing, leaving it strapped for cash when
revenues fell during the recession.
Dewey has retained Joff Mitchell of Zolfo
Cooper LLC as Chief Restructuring Officer and Albert Togut of Togut Segal &
Segal LLP as bankruptcy counsel.
“The full extent of the partner compensation arrangements is subject of
continuing investigation,” Mitchell said in the filing.
Dewey is one of a handful of major law firms to declare bankruptcy since the
recession that began in 2007. They include Coudert Brothers, Heller Ehrman and
Howrey.
PENSION PLANS
As of the petition date, Dewey’s assets consisted of about $13 million in
cash, accounts receivable of about $255 million, various pieces of artwork, and
about $11 million invested in an insurance consortium, among other potential
claims, according to the filing.
In the interim, Dewey said the firm will be operating on a budget to be
determined by the court. The firm has petitioned the court for permission to
continue to pay salaries, benefits and paid time-off for current employees.
Dewey said that the 401(k) plans and
qualified pension plans of its current and former employees and partners are
held in trust and cannot be accessed by the firm’s creditors.
The U.S. Pension Benefit Guaranty
Corporation filed suit this month to take control of three of the firm’s pension
plans, which the agency said were underfunded by $80 million.
The London and Paris offices of the firm
are operated through a separately incorporated UK entity, which was placed into
administration on Monday.
Administration is a UK legal process under
court supervision, broadly similar to Chapter 11. The UK partnership is
following broadly the same approach as that of Dewey in the United States, the
firm said.
The firm had two dozen offices worldwide,
including in Washington, Los Angeles and London. Some of the firm’s biggest
clients included General Motors Corp, eBay, Novartis, Ambac and Berkshire
Hathaway Reinsurance Division.
The case is Dewey & LeBoeuf LLP, Case
No. 12-12321, U.S. Bankruptcy Court, Southern District of New York
(Manhattan).
(Reporting by Sakthi Prasad in Bangalore
and by Joseph Ax and Nate Raymond in New York; Editing by Chris
Gallagher)
http://news.yahoo.com/dewey-leboeuf-files-chapter-11-seeks-liquidation-015330179–finance.html
KMAG And Facebook IPO Technical Update!
Good afternoon mi roacheros!
Here’s a quick end of week update by your Senorita for 2 of the hottest stocks on blast throughout the trading world this week. I am of course talking about Facebook (Nasdaq: FB), and for the sub-basement stinky pinky fans KMA Global Solutions (Pink: KMAG).
Let’s start off with FB since it’s the easier of the 2 as far as the trading action goes. As I mentioned in yesterday’s blog about Facebook there is a very nice $2 trading spread that is easily flippable for .50 – $1.00 per share and FB has been delivering textbook style. Watch the bid stack on L2 and then sell into the .50+ cent pops, easy as pie. It might not sound like much but it all adds up at the end of the day, and hey profits are profits and nobody ever went broke taking profits, especially if you are flipping FB multiple times per day.
Volume appears to be slowing down which can mean that the large institutions might be done dumping their flurry of shares for now, but it also shows that there really isn’t much buying interest in Faceplant either. So there’s your good news and bad news for the much trumped up and hyped Facebook Initial Public Offering.
So for now, I see FB trading in that $2 range since it appears that only flippers have any interest in buying and selling multiple times intraday. There appears to be a nice bottom in as of today at $31, I feel safe (for now) calling $31 bottom since it has been tested multiple times yesterday and today and has held rather well.
Can Facebook break the $35 resistance? Will traders flip it higher? Will the big boys unload a crapload more shares? Your Senorita will be keeping an eye on it, and will update accordingly, but for now I still see it trading in that nice $2 easily flippable spread whether at $31-$33, or $33-$35.
I’ll get to KMAG’s incredibly EL TORO techs after a brief roachy reminder:
SIGN UP TODAY and start proudly calling yourself a Stockroach! Does everyone here remember the StockRoach motto? We do all the work, and YOU rake in the PROFITS! Click “Right Here” and then don’t forget you have to confirm the “activation” link in your email or you will just be wasting your time waiting for the next winner while the rest of us cash in. Once you confirm your FREE subscription you can also download your very own FREE copy of our e-Book, “A bottom feeder’s guide to surviving penny stocks.”
Don’t forget to join the thousands of other roaches on Twitter for intraday plays, and for heads up tweets when things get HOT at the StockRoach!
The StockRoach Twitter feed: http://twitter.com/#!/TheStockRoach
Papa Roach has been sending out alerts via e-mail before they hit the main page so if you are not signed up for our newsletter, the roaches that are signed up have an advantage!
Let’s wrap this up with KMAG, since this baby looks like a pressure cooker ready to blow the hell up.
KMAG chart: http://stockcharts.com/h-sc/ui?s=KMAG&p=D&b=5&g=0&id=p54697447991
Look at that beauty, the accumulation is starting to spike yet again, the RSI is in a very healthy range of only the mid 40s, the MACD is about to go positive, and the trading action today showed a lot of people accumulating the low to mid .006s. That was a very orderly exchange of shares between those looking to get out from the .004s, and KMAG managed to close up almost 12% for the day.
It appears that KMAG has set some new support levels intraday with .0063 being the level that was tested but held, and KMAG did in fact close over former resistance at .0065. Lower level support for KMAG comes in at .0055.
Resistances for KMAG lies ahead at today’s .0071, and the 2 PITAs at the 200 DMA of .0081, and the 50 DMA of .0088. Should KMAG break and hold above the 50 DMA, I think it goes .01+ easily in my humble roachy opinion.
I personally expect tomorrow to be slow all across the boards due to the long Memorial day weekend. Remember kiddies, Monday is a market holiday so don’t forget to make a mental note of it. Don’t wake up on Monday ready to flip dem pennies and say, “Hey is my watchlist and Level 2 broken? Why isn’t anything trading?” I have been guilty of this myself haha.
Senorita “Enjoy the long weekend mi amors!” Roachita
Thursday Tech Trade Quickie! KMA Global Solutions (Pink: KMAG)
Hola mi amors!
Senorita here with a Thursday quickie. I’m taking a look at KMAG’s chart, and she’s starting to look really pretty with rising accumulation and volume, the MACD is also starting a nice little pincher on the daily.
KMAG chart: http://stockcharts.com/h-sc/ui?s=KMAG&p=D&b=5&g=0&id=p19747629398
It looks like KMAG has set some new supports in the low .004s and the volume is starting to rise once again. Past players of KMAG knows just how fast and high KMAG can go once it gets moving, and should KMAG break the .0065 resistance, we could be looking at pennyland folks.
So put KMAG on your watchlists and level 2′s immediately, and let’s see that potential penny runner!
Just a reminder to all, Papa Roach’s picks have been BLAZING hot, so here’s another reminder to:
SIGN UP TODAY and start proudly calling yourself a Stockroach! Does everyone here remember the StockRoach motto? We do all the work, and YOU rake in the PROFITS! Click “Right Here” and then don’t forget you have to confirm the “activation” link in your email or you will just be wasting your time waiting for the next winner while the rest of us cash in. Once you confirm your FREE subscription you can also download your very own FREE copy of our e-Book, “A bottom feeder’s guide to surviving penny stocks.”
Don’t forget to join the thousands of other roaches on Twitter for intraday plays, and for heads up tweets when things get HOT at the StockRoach!
The StockRoach Twitter feed: http://twitter.com/#!/TheStockRoach
Papa Roach has been sending out alerts via e-mail before they hit the main page so if you are not signed up for our newsletter, the roaches that are signed up have an advantage!
Senorita “Show me that runner!” Roachita
How To Trade Facebook (Nasdaq: FB) For Profits, While Everyone Else Is Losing!
After watching the pathetic trading action for Facebook (Nasdaq: FB) all week and seeing people lose day after day, your Senorita cannot take it anymore. So I’m here to show you how to flip Facebook for profits while everyone else is losing.
It’s a very simple trade believe it or not and you can scalp about .50 – $1 per share per trare. So depending on how many shares you buy and sell you are looking at potential gains upwards of $250 – $500 per flip.
This has pretty much been the pattern for trading Facebook for the past 2 days. Wait until it finds a bottom around 10:00am, keep those level 2′s up and once you see a fat stack on the bid side it’s a safe bet to say that price range is the bottom for the day. I personally suspect that we see some $28s on FB today, and that the mid $30s will be the tradeable top. Not mid $30s as in $35, more like $30.50 haha.
There’s no guarantees it’s going to $28 but it’s still tradeable in $2 gaps. Such as yesterday’s buy at $31 and sell at $32 pattern.
Whatever you do, DO NOT GET GREEDY since the only ones making out like bandits are us penny sucking bastardos and we don’t hang around for long if you haven’t noticed. We’re eating their lunches and stealing their picnic baskets. Don’t mess with us penny stockers we can smell a pump and dump from 500 miles away, like sharks smelling blood in the water haha.
The big boys are dumping their shares hand over fist and the entire share structure for FB is a hot mess. You also have a CEO that flat out said that he doesn’t give a crap if FB turns a profit or not, so that should tell you everything right there. This is a case where supply of shares is overwhelming demand and things are getting ugly fast. The most hyped IPO for over 2 years now and it hits the road running only to FACEPLANT. I think the best thing to come out of the Fabebook IPO are the jokes.
I’ll post some of my favorites:
“You got Zuckered!”
“Facebook? More like Faceplant.”
“Why is Facebook going public? Because they couldn’t figure out the privacy settings either.”
“Couldn’t Zuckerberg just “like” the Nasdaq instead of ringing the opening bell? “
“Facebook has gone public. Behold your new portfolio: 500 shares, 283 friends, 0 money left.”
Those are some of my favorite ones from around the world wide web, and what a tangled web Failbook has woven for unsuspecting people that have never even bought a stock before in their lives. I personally wouldn’t be too surprised if we see FCBK.pk in the near future at this rate.
Hey Zuckerberg if you ever need someone to pump that POS of yours, let Papa Roach or I know haha.
Just a reminder to all, Papa Roach’s picks have been BLAZING hot, so here’s another reminder to:
SIGN UP TODAY and start proudly calling yourself a Stockroach! Does everyone here remember the StockRoach motto? We do all the work, and YOU rake in the PROFITS! Click “Right Here” and then don’t forget you have to confirm the “activation” link in your email or you will just be wasting your time waiting for the next winner while the rest of us cash in. Once you confirm your FREE subscription you can also download your very own FREE copy of our e-Book, “A bottom feeder’s guide to surviving penny stocks.”
Don’t forget to join the thousands of other roaches on Twitter for intraday plays, and for heads up tweets when things get HOT at the StockRoach!
The StockRoach Twitter feed: http://twitter.com/#!/TheStockRoach
Papa Roach has been sending out alerts via e-mail before they hit the main page so if you are not signed up for our newsletter, the roaches that are signed up have an advantage!
Normally this is where I would give the supports and resistances for the profiled stock but since Faceflop doesn’t look like it is even anywhere near bottom, I’ll just remind you again that I am looking at the $28 areas an entry point and the $29-$30 areas as sell points. If the price does not hit the $28s then like I stated earlier look for a huge bidstack on your level 2s, buy around those ranges and sell into the .50+ pops.
Good luck to all and may Facebook have mercy on your souls, or at least your portfolios.
Senorita OWT!
HYSR’s Huge News Posts a 115% Swing
**Chat room members saw HYSR gain over 115% with up to the minute technical analysis and level 2 action. Members gained the inside edge by a 15 year experienced trader. For more details and to get involved click here now!**
Good morning!
What a MOVE!
That’s how to describe the monster rally move HyperSolar Inc. (HYSR) made for us this morning.
In case you missed it, HYSR has built a working prototype of its potentially world-shaking water-to-hydrogen process. (Read more)
They tried to sneak the press release out in the middle of the night, but we were watching.
And we got you looking at HYSR well before the rest of the crowd!
Once HYSR heard the opening bell, it was a quick move up to $0.085 – a 115% gain!
The stock is still trading right near the high of the day, so it’s way too early to take this one off your screens!
As the market digests this morning’s NEWS, traders could start to take more and more notice of HYSR!
The revenue opportunity of endless, environmentally clean hydrogen fuel could be too good to pass up!
I really hope you were one of the traders HYSR reminded of that fact today.
If it got your juices simmering, we’ve got more opportunities developing right now.
So keep your eyes and email box open!
Papa Roach
Join HUNDREDS of other penny stock traders each day and catch all the big movers REAL TIME. Jump in right now and get up to the minute details on all the HOTTEST STOCKS and chart breakouts. Click here to get started!
HYSR Is my BIG Alert for Tuesday
Good morning!
HyperSolar, Inc. (HYSR) was already hyper-volatile…and then it made a breakthrough in the energy crisis.
HYSR’s space-age science is aiming to turn dirty water into the highest-end fuel of all, pure hydrogen.
Just a few minutes ago, they stunned the world with NEWS they got their prototype working! (Read more)
The chart was already a powder keg throwing off crazy 9% to 50% morning candlesticks.
This development could send that volatile situation into orbit!
We suspected something special like this might be in the pipeline, but consider what this means for this 3-cent stock?
HYSR is on the path to making cheap all-natural hydrogen!
Things like fuel cells, power plants, and eco-friendly cars all use gobs of this stuff.
Today’s announcement doesn’t look like empty hype at all once you watch the video HYSR just posted to its website.
There’s a special chemical in that plastic bag that works a little like chlorophyll — Yep, HYSR invented it.
Add it to water, shine a light on it, and it breaks up the water into hydrogen and clean oxygen!
Yeah, HYSR not only makes fuel for a green world, it cleans the air at the same time.
Now don’t get stressed out that HYSR will use up all the water, either. When you burn hydrogen, it rains.
And the water doesn’t have to be fresh! Salt water, industrial runoff, sewage…in theory, HYSR can convert it all. (Read more)
No wonder UC Santa Barbara is nosing around, hoping to “help” this technology along. (Read more)
Heck, no wonder HYSR shares have been bouncing so much as traders try to figure out how much to pay?
But think about it. Whether you this stock’s worth more like $0.027 or $0.035 is really splitting hairs, isn’t it?
HYSR just announced they can split water!
This might be the ground floor of the future, so a penny either way isn’t huge.
And in the meantime, the ride will probably be fun, right?
There’s the bell! Get ready to trade!
Papa Roach
This chat room has over 300 active traders on a daily basis who catch all the big movers in the penny stock market. Jump in right now and get up to the minute details on today’s biggest promo winners and chart breakouts. Click here to get started!
Continue reading»
It Gets Even Better – My New Alert Just Released BIG NEWS!
Good Morning!
Like I said last night, I have been watching this stock for over a year.
I’ve seen it bounce around with ups and downs.
If you have taken the time to watch it in the past I am sure you’ve been very impressed with how traders can respond to news.
Well, not only do I like the chart set up here but we are also getting blessed with a very nice news announcement that just came out.
I’m not sure how the market is going to react… But I sure love what I am seeing here!
Not only has this been fun to watch in the past but I can’t think of a time when it hasn’t been a huge DOUBLE DIGIT win after my alert.
Maybe I’ve had the “hot hand” in the past, or maybe just lucky?
All I know is that many traders have profited, and I sure hope that’s the case again.
We’re all starved for a really big win, start the summer with a bang!
Papa Roach
This chat room has over 300 active traders on a daily basis who catch all the big movers in the penny stock market. Jump in right now and get up to the minute details on today’s biggest promo winners and chart breakouts. Click here to get started!
Continue reading»
Zoom Technologies (Nasdaq: ZOOM) Reports Record Busting 1st Quarter!
First Quarter 2012 Highlights:
Revenue increased 55.1% over same quarter last year to $90.9 million from $58.6 million
Net income was $0.6 million compared to net income in same quarter
last year of $1.8 million and net loss of -$2.0 million from the fourth
quarter of 2011.Net income in Q1 2012 was lower compared to the same quarter last year
because we took on highly competitive EMS orders so that we can retain
the customers for better margin businesses in the future.
In Q1 2012 we sold 1,750,000 whole phones with 375,000 units being
Leimone brand phones; 278,000 of the Leimone phones were 3G handsets. In
Q1 of 2011 we sold 810,000 whole phones with 190,000 units being
Leimone brand phones; 30,000 units of the Leimone phones were 3G
handsets.Sales of our own brand products in Q1 2012 represented $28.1 million
or 31.0% of revenues compared to $13.4 million or 22.9% of revenues a
year ago.
Portables Unlimited, our distribution business
in the U.S., contributed $16.1 million, or 17.7% of our revenues; $6.8
million were attributable to sale of phones and accessories, and $9.3
million were generated from activation and reoccurring carrier service
fees.
Zoom Technologies, Inc. (Nasdaq:ZOOM) a leading China-based
manufacturer of mobile phones and other mobile electronic products,
today reported financial results for the first quarter ended March 31, 2012.
For the first quarter of 2012, Zoom generated net revenue of $90.9
million, up 55.1% over $58.6 million for the first quarter 2011; this
seasonally slow quarter was down $48.1 million, or 34.6% from $139.0
million in the fourth quarter of 2011. The jump in revenues in Q1 of
2012 as compared to the same period in 2011 was mainly due to increased
sales of whole handsets with particular emphasis on our own brand
Leimone products and the addition of Portables Unlimited that Zoom
partially acquired in October 2011. Sale of Leimone phones contributed
$28.1 million, or 31.0% of our Q1 2012 revenues. We also derived $16.1
million or 17.7% of our revenues from our New York based subsidiary,
Portables Unlimited LLC, which is a wholesale distributor of T-Mobile
USA products and services.
Mr. Lei Gu, Chairman & CEO of ZOOM, provided the following insight.
“The continued growth in the sales of our Leimone brand phones in 2012
is a testament to the strength in our vertically integrated business
model that includes design, manufacturing, and distribution. We will
continue to put our efforts in developing both the Leimone and ZOOM
brands by designing high quality reliable products coupled with
extensive post-sales support to both our customers and the ultimate end
users of our products. Our ability to provide integrated solutions to
our customers has and will enable us to gain market share and secure
contracts with tier one global customers such as mobile phone carriers or the largest distributors in countries across the developed and developing world.”
For the first quarter of 2012, Zoom reported a net income of $0.6
million compared to net loss of $2.0 million in the fourth quarter of
2011. The fourth quarter of 2011 showed a tight credit environment that
weighed on the profitability of the manufacturing business and the
Company had one-time acquisition expenses; however, the Company has
returned to profitability again in the first quarter of 2012, and
expects a steady upward trend for the rest of 2012. The Company is
currently carrying out two internal initiatives: 1) rationalize all of
its costs, and 2) continue to integrate the different businesses to
maximize profitability and eliminate inefficiencies.
Gross profit for the first quarter of 2012 of $6.2 million was
relatively flat compared to $6.3 million in the first quarter of
2011. Gross profit as percentage of revenue for the first quarter of
2012 was 6.8% as compared to 10.8% for the same quarter a year ago. Net
margin was reduced to 0.7% in the first quarter of 2012 from 3.0% in the
same quarter last year. As mentioned previously the reduction in margin
is mainly attributable to the highly competitive EMS orders we took on
in order to retain the customers for better margin businesses in the
future.
Looking ahead, Mr. Gu remarked, “As seen in our first quarter
performance of 2012, we have begun executing on the shift in our
business from the traditional assembly-focused manufacturing for our OEM
customers to delivering whole phone solutions on ODM (original design
and manufacturing) basis for more prominent customers in Asia and the
continued development of our own ZOOM and Leimone brand products. We
have returned to profitability in the first quarter of 2012 and will
continue to manage our costs to bring healthy profits to our bottom
line.”
Conference Call Details
The Company will host an investor call at 4:30 p.m. EDT (1:30 p.m. PDT)
on Monday, May 21, 2012. To access the conference call dial
+1-855-500-8701 and then enter access code (conference ID) 81702527.
Callers outside the U.S. and Canada should dial +65-6723-9385 and then
enter access code 81702527.
A replay of the conference call will be available for 3 days, through
May 25, 2012. To access the replay, please dial +1-866-214-5335 and
enter access code 81702527. Callers outside the U.S. and Canada should
dial +61-2-8235-5000 and enter access code 81702527.
About Zoom Technologies, Inc.
Zoom Technologies
is a holding Company with subsidiaries that engage in the
manufacturing, research and development, and sale of electronic and
telecommunication products for the latest generation mobile phones,
wireless communication circuitry and related software products. Zoom
Technologies’ subsidiary, Jiangsu Leimone, owns a majority stake of TCB
Digital, which offers highly customized and high quality Electronic
Manufacturing Service (EMS) for Original Equipment Manufacturer (OEM)
customers as well as its Own Brand Manufacturing (OBM) under the ZOOM,
LEIMONE and LONGTEL brand names. The Company’s products are both
exported globally and sold domestically in People’s Republic of China.
The Zoom Technologies, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=9665
Forward-Looking Statements
Certain statements in this press release may constitute “forward
looking statements” that involve risks and uncertainties. These include
statements about our expectations, plans, objectives, assumptions or
future events in which the outcome cannot be assured. You should not
place undue reliance on these forward-looking statements. Information
concerning factors that could cause our actual results to differ
materially from these forward-looking statements can be found in our
periodic reports filed with the Securities and Exchange Commission. We
undertake no obligation to publicly release revisions to these
forward-looking statements to reflect future events or circumstances or
reflect the occurrence of unanticipated events.
