+ Watch AUGT
on My Watchlist
Any other day I’d say no, but today I’m gonna go ahead and just say no.
Shady company, chart looks like a pump and dump, don't like over the counter companies.
!.) its over the counter2.) LOOK AT THE CHART!
Picking this company as under-perform is like stealing candy from a baby, too easy!
great earnings forecasts
Revenues are climbing exponetially due to a first mover status in the "mobile advertising"arena. Successful litigation in patent infringement lawsuit will blow the lid off.
possible quadruple bagger [according to my friends' brothers' nephews' neighbor]
going to be listed on AMEX soon; also potential takeover candidate.
.Augme Technologies, Inc. Reports Sharply Higher Second Quarter Continuing Operational RevenuesAD LIFE(TM) Mobile Platform Continues to Exceed Expectations Due to Strong Customer Demand Press Release Source: Augme Technologies, Inc. On Thursday October 14, 2010, 8:28 am EDT NEW YORK, NY--(Marketwire - 10/14/10) - Augme Technologies, Inc. (OTC.BB:AUGT - News), the only patented and innovative end-to-end mobile marketing platform, today announced its operating results for the second quarter of FY2011.For the three months ended August 31, 2010, the Company's revenues totaled $718,717, which represented an increase of more than 1,700% when compared with continuing operational revenues of $39,509 in the second quarter of FY2010. Production and service delivery costs totaled $251,711, resulting in a gross profit of $467,006 for the most recent quarter, versus $105,760 in continuing operational production and service delivery costs and a continuing operational gross loss of ($66,251) in the quarter ended August 31, 2009. The increase in production and service delivery costs was due to additional expenses related to the human capital necessary to facilitate the effective delivery of the Company's mobile marketing and related services to its customers.Selling, general, and administrative ("SG&A") expenses increased to $2,180,524 in the second quarter of FY2011, compared with $1,106,866 in continuing operational SG&A expenses in the quarter ended August 31, 2009. The 97% increase in SG&A expenses primarily consisted of approximately $799,000 in non-cash stock option expense, approximately $170,000 in outside contracting costs associated with an increased level of product development, and approximately $444,000 in accounting, consulting and various other expenses.Depreciation and amortization ("D&A") expense totaled $244,257 in the quarter ended August 31, 2010, compared with $205,590 of continuing operational D&A expenses in the prior-year period. The increase in depreciation and amortization expense related to intangible assets associated with an acquisition that was completed last year.During the quarter ended August 31, 2010, the Company incurred a net loss of ($1,957,775), or ($0.03) per share, compared with a continuing operational net loss of ($1,442,963), or ($0.03) per share, in the second quarter of FY2010. The $513,377 increase in net loss resulted from higher expenses, including non-cash expenses, as described above.Revenues of $718,717 during the second quarter of FY2011 increased by more than 150% when compared with revenues of $286,323 in the first quarter of FY2011, representing the fifth consecutive quarter of sequential quarterly revenue growth exceeding an average of approximately 100%. "We are very pleased with the Company's performance during the second fiscal quarter, when revenue growth exceeded the guidance provided in our news release dated September 7, 2010," stated Paul Arena, Chief Executive Officer of Augme Technologies, Inc. "Our customers, which consist primarily of Fortune 500 companies, are becoming increasingly aware of the value that our AD LIFE™ comprehensive mobile marketing solution brings to their efforts to reach consumers of brand-name products and services when purchase decisions are being made. This is also evident in the accelerating growth of our bookings with new and existing customers, a number of which are rolling out mobile marketing campaigns for multiple brands. Industry experts continue to predict that the ability to effectively access and educate mobile consumers will play a major role in marketing campaigns by consumer packaged goods companies in the future, and we are confident in our ability to capture a greater share of this rapidly expanding opportunity."Business OutlookThe Company forecasts that recognizable revenues should exceed $10 million during the next twelve months, based on an estimate that approximately 50% of current bookings will convert into revenues within that period of time. The Company defines "current bookings" as the combination of signed agreements, initialed statement-of-work documents, indications of interest and commitments for AD LIFE™ services that have been received from, but not yet delivered to, 10 Fortune 100 companies, twelve Fortune 200 companies and one Global Fortune 500 company.Intellectual Property PortfolioAugme's solutions are supported by its intellectual property portfolio. The Company now owns three patents and has been notified that one additional patent will be allowed pending formal issuance by the United States Patent & Trademark Office ("USPTO"). Additional patent applications are pending or in process for filing. The patents contain a broad range of claims covering the Company's proprietary technologies and products. Augme also owns four trademarks protecting the names of its products and identity in the marketplace.Litigation UpdateTacoda, Inc., AOL, LLC, Time Warner, Inc., and Platform-A, Inc.In 2007, Augme filed a lawsuit against Tacoda, Inc. in the U.S. District Court, Southern District of New York, alleging infringement of Augme-owned U.S. Patent Nos. 6,594,691 ("Method and System for Adding Function to a Web Page") and 7,269,636 ("Method and Code Module for Adding Function to a Web Page").In Augme's case against Tacoda, Inc.; AOL, LLC; Time Warner, Inc.; and Platform-A, Inc., Judge Robert W. Sweet endorsed a letter on August 26, 2010 that was dated August 17, 2010, requesting that the Court assign to Magistrate Judge Ronald L. Ellis the above action for settlement purposes. A settlement conference has been scheduled with Judge Ellis on October 28, 2010.Yahoo! Inc.On November 16, 2009, Augme filed a Complaint against Yahoo! Inc. for patent infringement relating to U.S. Patent Nos. 6,594,691 and 7,269,636, which patents relate to methods and systems for delivery of selected content from a network to a web page visitor. The matter is currently pending in the United States District Court for the Northern District of California, Case No. C-09-5386 EDL. The remedies available to Augme, if successful, include an injunction prohibiting any infringing actions, an award of damages adequate to compensate for the infringement, and costs of the action.A settlement conference was held on July 28, 2010. An order was issued by Magistrate Judge Elizabeth D. Laporte directing that the parties attending the settlement conference be members of management with full knowledge of the case and full authority to settle. It was also ordered that all proceedings relating to the settlement conference were to be held confidential, that all information disclosed between the parties would be subject to the strict confidentiality requirements of settlement conference practices, and that this confidentiality would carry on subsequent to the meeting.
News for 'MDVX' - (Modavox Releases Management Letter to Shareholders)PHOENIX and NEW YORK, Dec 3, 2009 (GlobeNewswire via COMTEX) -- Modavox, Inc.(OTCBB:MDVX), Internet broadcasting pioneer and holder of several patentedtechnologies, provides the following Management Letter to Shareholders:Dear Modavox Shareholders:It has been nearly six months since the integration of Augme Mobile and theassimilation of the new executive management team into Modavox. After a thoroughinternal review of the combined companies' assets and growth opportunities, wehave developed a business plan to optimize our resources, and we have embarkedon a BOD-approved comprehensive IP monetization and business growth strategy. Iwould like to take this opportunity to review some of our recentaccomplishments, outline the new corporate structure and branding that willposition us to drive revenue, and preview some of the exciting things to come aswe enter a new year and a new period of growth for Modavox. We are issuing thisletter to Shareholders to provide a summary of that plan, with more detailsexpected to follow after the New Year.As we have discussed in the past, Modavox patents have been evaluated by severalthird party experts skilled in the relevant art, which experts have evaluatedthe patents and determined that infringement is widespread and infringementdamages are present in the two primary Internet markets of ecommerce andadvertising for value extraction by Modavox through licensing and enforcement.Our patent defense litigation front continues with Tacoda, and has in factbroadened with respect to AOL, Platform A and Time Warner given the Court'sOctober 22, 2009, Order setting a Pre-Trial Status Conference for December 19,2009, at which time counsel for the parties are ordered to meet to discusssettlement, pre-trial discovery and all preliminary matters. We view the Court'sOrder as a positive event given AOL's previously filed motion seeking toconsolidate the Tacoda case with the AOL/Platform A/Time Warner matter, or, inthe alternative, to Stay the AOL/Platform A/Time Warner matter, either of whichcould have had the effect of delaying resolution of the Tacoda case. Further, onNovember 16, 2009, after extensive investigation and due diligence, Modavoxfiled a Complaint against Yahoo! Inc. for patent infringement, which Complaintis in the process of being served upon Yahoo! per Court rules. Followingcompletion of service the parties will meet and confer pursuant to the FederalRules of Civil Procedure to discuss a range of preliminary matters and prepare areport related to such matters.In addition, as announced in late October, we filed a motion for sanctions forspoliation of evidence and evasive disclosure practices in the Tacoda case.While there is no set timeframe for the ruling on the motion for sanctions, theCourt is expected to rule as soon as it has had an opportunity to review thelegal arguments and materials filed in support and in opposition to the motion.Although the timing of any court ruling on our infringement claims or relatedmatters is outside of our control, we remain confident in the validity of ourclaims, the merits of our cases, and are dedicated to completing the worknecessary to protect Modavox assets.In an effort to further leverage and defend the value of our IP rights, we arecurrently developing a broader IP Licensing Strategy that will ultimatelyoperate as a profit center under the direction of Jim Lawson, Modavox GeneralCounsel and Chief Legal Officer. Given the broad range of the patents and theirfoundational status to achieve Behavioral Targeting and possibly other key areasrelated to mobile applications and services, we believe the "Qualcom licensingmodel" represents the optimal IP strategy. A sound IP Licensing model, inconjunction with aggressive internal development and commercialization ofmarketing driven technologies, represents a sound strategy for maximizingshareholder value. Thus far, Modavox has yet to pursue enforcement actionsagainst the wide range of companies infringing on our property rights. Webelieve an active enforcement program targeting small and medium sized entitiesas well as the large players will result in accelerating the monetization of ourIP assets, and further validate the value of our Patents.While the defense of our IP remains an important element of our underlyingvalue, the acquisition of Augme Mobile marked the launch of a comprehensivebusiness growth strategy aimed at accelerating the advanced development andcommercialization of technology platforms in high growth markets. I am pleasedto announce our new operating structure that includes the aggressive growth ofthree operating divisions in the high growth markets of mobile marketing (ADLIFE(SM)), video content delivery (AD BOOM(SM)) and ad network delivery (ADSERVE(SM)). These three divisions are branded under "Augme" - derived from theverb "Augment" which means "to make something greater by adding to it." TheAugme branded portfolio offers products and services based upon Marketing DrivenTechnology Platforms that enhance the delivery of marketing communicationsthrough intelligent distribution to all Internet-enabled devices.We are planning a fully integrated launch of the Augme Marketing DrivenTechnology brand in January, consisting of a public relations event, businessand technology media coverage, and a new website to communicate our newcorporate mission. An announcement will be made within the next few weeksrelating to our final selection of a public relations company to handle thiseffort and manage our future PR needs. In advance of our January launch, I wouldlike to take this opportunity to share the highlights of each of our high-growthdivisions.AD LIFE(SM) (Augme Mobile) is our interactive platform to provide marketers,brands and advertising agencies the ability to create, deliver, manage and trackinteractive marketing campaigns targeting Mobile Consumers through traditionalprint advertising channels. AD LIFE(SM) continues to validate its growth plan ofbecoming the premier mobile marketing provider for the worlds largest consumerpackage goods (CPG) companies and their marketing agencies. By integrating theAD LIFE(SM) platform within the marketing technology function of theseformidable clients, we anticipate solid annuitized growth as the platform isutilized across multiple brands under a single master contract. While we mayhave some current restrictions in disclosing the specific names of certainclients, AD LIFE(SM) is enjoying significant momentum, evidenced by our successin landing Fortune 500 CPGs as clients, including beating out major corporationsfor the accounts. These Fortune 500 client companies are entrusting us tosupport some of the most common household brands and we will provide more detailto our Shareholders in the future when appropriate. For a complete overview ofthe technology and the offering, take a few moments to visit the recentlylaunched AD LIFE(SM) web site at www.augmemobile.com.Our indirect sales channel partnership strategy continues to show activity andgrowth for AD LIFE(SM), highlighted by our working relationships with toptraditional media purveyors in the US such as Graphic Packaging, News Corp'sNews America Marketing (a division of News Corp), Clear Channel Outdoor, and OMD(a division of Omnicom Group). Technical partnerships are equally valuable,demonstrating our vision and leadership in mobile marketing solutions. Recallour recently announced collaboration with Inmar - the nation's leadingpromotions transaction settlement provider - to enable consumer directed rebatecharity program for Springer Mountain Farms. We also recently delivered theSmartSource mobile coupon program for News America Marketing, offering topnational brand coupons available exclusively through the mobile phone. In thecoming months, we look forward to sharing more on the depth and value of theseimportant sales and technical partnerships.In addition to CPG clients, the AD LIFE(SM) platform has tremendous potentialwithin specific vertical markets. In fact, our fastest growing product line isAugme Mobile Health, which is the AD LIFE(SM) platform modified for the uniqueneeds of the health care and pharmaceutical industry. Our HIPAA-compliant mobileinteractive technology enables marketers of prescription-drugs and theiragencies to communicate with health care providers, and their patients instantlythrough mobile phones. This offer represents enormous near-term revenuepotential for our company, and we are already doing business with three of theworld's top ten pharmaceutical companies that have combined net revenues of over$150B. Look for more details on Augme Mobile Health in an announcement in thecoming weeks.The second independent operating division is AD BOOM(SM), which we are proud toannounce is the revitalized version of the BoomBox(R) product line. AD BOOM(SM)delivers content straight to desktops and Internet-enabled devices, and providesmanaged access for live and on-demand Internet broadcasting and rich mediaadvertising. After considerable thought around the competitive advantages of ouroffer in a dynamic video content delivery market, we concluded that BoomBox(R)represents an important component of our strategy as well as a channel for theapplication of our IP. The market for video content delivery is ready toexplode, as all major media companies and content owners of all sizes faceincreased pressure to monetize their video content to survive. AD BOOM(SM)offers an intelligent Broadcast as a Service (BaaS) platform, now newly packagedand designed specifically for marketers and content owners who want to sell,promote, extend and enhance their content through a viral Internet distributionmodel. Look for a more detailed overview of ou
I'm choosing outperform on this because techsimpleton doesn't have the guts to do it himself, so there isn't a top bull pitch for everyone to bash on. Don't mourn for me, I'm already dead. Who knows, all this illegal pumping and dumping could even make me a few short term caps points!
this thing rocks. thanks ultralong...lets see... shady company dealings, and shady pumping from shadow lurkers who don't have the testicles to go long on it on caps. kind of reminds me of bioshaft with a less catchy name.
Ultralong gave me the tip off on this one.
Pump, next the dump.
Ultralong made me do it.
wish I could short this
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