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Lucky Picks of The Day: (OTCBB:QUMI)- (OTCBB:LTFD)- (OTCBB:THWI)
(M2 PressWIRE Via Acquire Media NewsEdge) Rochester NY, -- www.shamrockstocks.com names (OTCBB:QUMI) Quamtel, Inc., (OTCBB:LTFD) Littlefield Corp., and (OTCBB:THWI) Thwapr, Inc. it's "Lucky Picks of the Day!
To feature your publicly traded company in our alers email us at info@shamrockstocks.com.
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About QuamTel, Inc.:
QuamTel, Inc. (OTCBB: QUMI.OB), is a publicly held company headquartered in Dallas, Texas. QuamTel's subsidiaries provide a comprehensive portfolio of advanced prepaid telecommunications technologies, enhanced communication solutions and prepaid mobile broadband.
Subsidiaries:
DataJack, Inc. provides simple, fast, reliable and secure nationwide prepaid mobile 3G broadband. The DataJack is a compact plug-and-play USB device delivering consumers the freedom of high speed 3G Internet access -- at an affordable price -- with NO contract, NO fees, NO credit check and NO deposit required. www.DataJack.com
WQN, Inc. Founded in 1995, WQN was one of the first companies to sell virtual PINs over the Internet -- and the first company to combine cell phone usage with international calling all at substantially reduced rates and without connection fees. WQN has served over one million customers via the Web with brands such as EasyTalk. WQN provides discounts of up 80% to call over 200 countries. www.wqn.com
Brands:
QuamTel, Inc. has acquired several other top brands, such as www.800.com, www.My800Online.com, www.1800TalkTime.com, www.RocketVoIP.com and 800-Get-VoIP.
News Today:
DALLAS, Jul 28, 2010 -- QuamTel, Inc. (OTCBB: QUMI.OB -- www.quamtel.com), for more than a decade one of the industry's leading providers of online Voice over Internet Protocol (VoIP) communications solutions for consumers, has just successfully completed the implementation of the QuamTel Application Network (QAN), a next-generation e-commerce sales and service platform. Using this breakthrough QAN platform, the company has already begun providing both prepaid and postpaid telecommunications services to its extensive existing customer base.
"Through object-oriented methodologies, along with the latest in web based technologies, QuamTel has positioned its network to dramatically increase the quality and value of the telecommunications services it provides to both retail and wholesale consumers," according to Chief Executive Officer Stuart Ehrlich. "QuamTel now has the ability to offer its portfolio of sophisticated, user-friendly telecommunications products to third parties utilizing cloud computing and delivering the product as Software as a Service (SaaS).
"By leveraging our existing intellectual property, along with our newly acquired knowledge of cloud computing and virtualization," Ehrlich said, "the company readied itself to offer a complete turn-key solution to companies looking to enter into the telecommunications market or gain additional market share with a minimal capital investment."
"Our flexible, feature rich E-Commerce platform opens the door for any company interested in offering innovative next generation telecommunications services online," according to Andrea Munoz, Corporate Vice President of Operations for QuamTel and its international VOIP telecom subsidiary, WQN (www.wqn.com). "By adapting our proprietary technology to effectively work with cloud computing, we have made our service even more valuable as an e-commerce engine."
The modularized application architecture which drives and guides QuamTel's internal processing systems provides third party sales and service bureaus the ability to quickly and cost effectively obtain access to state-of-the-art technology which is based on years of internal research and development.
"The object-oriented architecture of the QuamTel Application Network greatly reduces the time-to-market normally associated with new product and service offerings," Ehrlich said. "In addition to telecommunications, our newly upgraded e-commerce sales and support modules have also been made readily available to wholesale consumers. They are reached via a combination of customized front-end web portals and associated web services," Ehrlich pointed out, "allowing for our clients' consumer product sites to be hosted anywhere in the cloud while directly communicating with QuamTel's robust back-end transactional processing system."
This upgrade is the latest in a series of dynamic moves by QuamTel and its key subsidiaries, DataJack and WQN, all designed to dramatically enhance a system that is already the touchstone in the emerging next-generation internet-based telecommunications and data transfer technology systems.
QuamTel upgraded its already-sophisticated e-commerce system not only to enhance customer service, but also to pave the way for a more robust ability to integrate sophisticated Google ad-word campaigns into the QuamTel outbound marketing communications program. "This should further enhance QuamTel's market penetration, as well as paving the way for the marketplace success of each of our subsidiaries and brands," Ehrlich concluded.
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About LITTLEFIELD CORPORATION
Littlefield Corporation, headquartered in Austin, Texas, is the largest public owner of charitable bingo halls in the United States. The Company, through its corporate subsidiaries, develops, owns and operates 36 halls in Texas, South Carolina, Alabama and Florida. In Texas its corporate subsidiaries are involved as a licensed commercial lessor and only in South Carolina as a licensed promoter. Over 100 charities conduct bingo in these charitable bingo halls.
News Today:
AUSTIN, Texas, Jul 28, 2010 -- Littlefield Corporation (OTCBB: LTFD) today announced second quarter of 2010 results from continuing operations improved $130,000 over the prior year.
The Company's revenue of $2,300,000 was within $77,000 of its prior year's record-setting level for second quarter bingo revenue.
The $130,000 earnings improvement mainly reflected higher gross profit margins which narrowed the Company's loss from continuing operations from approximately $330,000 in Q2 2009 to approximately $200,000 in Q2 2010. Historically, the second and third quarters are seasonally weaker quarters of the year.
The Q2 2010 results include approximately $357,000 of notable items:
-- $133,000 of expense associated with the start-up of new halls and re-openings at halls in Texas,
-- $195,000 of legal expense for South Carolina, Texas and its Furtney litigation and
-- $27,000 for non-cash stock-based compensation and other asset disposals of $2,000.
The Q2 2009 results included approximately $666,000 of notable items:
-- $378,000 of expense from Texas start-ups and re-openings,
-- $165,000 from legal expense related to South Carolina and Texas and its Furtney litigation and
-- $123,000 for non-cash stock-based compensation expense.
The Company's Entertainment business is referred to as "continuing" operations and the Hospitality segment divested in the second quarter of 2009 is referred to as "discontinued" operations in this report.
HIGHLIGHTS
Highlights of the second quarter compared to the prior year follow; for comparability these have been adjusted to exclude the discontinued Hospitality business operations:
1. Total consolidated Q2 2010 revenue was $2,301,114, within $77,366 of last year's record-setting level for second quarter bingo revenue.
2. Total consolidated Q2 2010 gross profit including the noted items was $691,312, up $116,749 or 20% versus the prior year.
3. Total gross profit margin expanded to 30% of revenue from 24% of revenue in Q2 2009.
4. Q2 2010 loss from continuing operations was reduced by $132,228 compared to the prior year.
The following report is based upon unaudited financial statements.
REVENUE
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Q2 2010 Q2 2009 Variance % Change
-------------- -------------- -------------- ----------LTFD Corporation $ 2,301,114 $ 2,378,480 ($77,366 ) (3 %)Entertainment 2,281,747 2,358,525 (76,778 ) (3 %)Other 19,367 19,955 ($588 ) NMThe slight decline in Entertainment revenue largely reflects stable revenues in Texas and South Carolina and the contribution of a recent South Carolina acquisition offset by localized weakness at select halls in Alabama and Texas. Other revenue reflects ancillary revenue not included in Entertainment.
TREND OF REVENUE CHANGES Q1 2004 Q2 2004 Q3 2004 Q4 2004 Q1 2005 Q2 2005 Q3 2005 Q4 2005
------------------------- -------- -------- -------- -------- -------- -------- -------- --------
Entertainment (6 %) 1 % 15 % 11 % 10 % 5 % (1 %) 14 %
TREND OF REVENUE CHANGES Q1 2006 Q2 2006 Q3 2006 Q4 2006 Q1 2007 Q2 2007 Q3 2007 Q4 2007
------------------------- -------- -------- -------- -------- -------- -------- -------- --------
Entertainment 21 % 18 % 12 % 7 % 7 % 9 % 17 % (2 %)
TREND OF REVENUE CHANGES Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009
------------------------- -------- -------- -------- -------- -------- -------- -------- --------
Entertainment (4 %) (5 %) (2 %) 12 % 25 % 14 % 5 % 4 %
TREND OF REVENUE CHANGES Q1 2010 Q2 2010
------------------------- -------- --------Entertainment 8 % (3 %)The historical trend of revenue changes shown below correlates closely with the recessionary trends of the American economy and the effect of renovations and start-up of halls in Texas. Though revenues have begun to improve in Q4 2008 and thereafter, it is important to remember the Company made several acquisitions which have contributed to the growth of revenues.
GROSS PROFIT
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Q2 2010 Q2 2009 Variance % Change
-------------- -------------- -------------- --------LTFD Corporation $ 691,312 $ 574,563 $ 116,749 20 %Entertainment 671,945 554,608 117,337 21 %Other 19,367 19,955 ($588 ) NMGross profit % 30 % 24 %The Entertainment gross profit increase was mainly attributed to the contribution of our South Carolina acquisitions and restructuring actions including the closure of certain underperforming halls in Texas.
CORPORATE OVERHEAD
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2010 2009 Variance % Change
----------- ----------- ------------- ----------SECOND QUARTER $ 584,590 $ 526,572 ($ 58,018 ) (11 %)Corporate overhead, as measured by management, reflected acquisition-related initiatives including the addition of personnel and trade show activities. See the reconciliation of GAAP and Non-GAAP financial measures which follows.
INCOME and BASIC EPS FROM CONTINUING OPERATIONS
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2010 2009 Variance
--------------- --------------- ----------------Q2 Income excluding noted items $ 155,851 $ 332,409 ($176,558 )
Q2 Income (Loss) ($201,066 ) ($333,294 ) $ 132,228
Q2 Basic Earnings (Loss) per share ($0.01 ) ($0.02 ) $ 0.01
Q2 Basic weighted average shares outstanding 17,880,653 17,512,788 367,865
NET INCOME and BASIC EPS
(INCLUDING DISCONTINUED OPERATIONS)
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2010 2009 Variance
---------- ---------- ---------------Q2 Net Income (Loss) ($201,066 ) $ 48,240 ($249,306 )
Q2 Basic Earnings (Loss) per share ($0.01 ) $ 0.00 ($0.01 )
Q2 Basic weighted average shares outstanding 17,880,653 17,512,788 367,865
Last year's Q2 2009 net income of $48,240 included the favorable impact of a $403,556 gain on the sale of the Company's discontinued Hospitality business.
Jeffrey L. Minch, President and Chief Executive Officer of Littlefield Corporation, offered the following comments:
"Overall, the charitable bingo market has remained resilient in the face of a meaningful level of weakness in the general economy and its impact on certain select local markets we serve. We have continued to improve performance expanding our margins from 24% to 30% and achieved a $130,000 improvement in results from continuing operations. It is noteworthy these results were dampened by a higher than normal level of legal expense incurred as we bring on-going litigation and regulatory matters to a close by year end.
The continued improvement in operating performance reflects the accretive impact of prudent acquisitions paired with initiatives across the Company to improve our margins.
We have a wealth of opportunities to improve our financial performance and we will continue to diligently pursue them through acquisitions, operational savings at existing bingo halls, and the deployment of better management and modern marketing techniques. During the quarter we invested in additional resources to further strengthen our acquisition initiatives and the overall management talent in the Company.
The asset purchase of an additional hall in South Carolina last quarter is tracking to our expectations and the substantial renovation to ensure its initial very significant positive performance is expected to be completed in the third quarter.
Barring unforeseen changes I am optimistic the favorable year over year trends will continue.
I would like to thank the employees of the Company for their continued dedication and efforts to attain these favorable results despite the challenging economic conditions.
I look forward to answering your questions during the Conference Call on Friday."
Earnings will be discussed in a conference call on Friday, July 30, 2010, at 11:00 a.m. CDT. Interested parties may participate by calling (877) 407-9205 and requesting the Littlefield Earnings Conference Call.
Investors are always cautioned to be careful in drawing conclusions from a single press release, the Company's performance in a single quarter or the individual opinions of any member of the Company's management in making their individual investment decisions.
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About Thwapr, Inc.
Founded in 2007, Thwapr is a mobile video sharing service that allows brands to mobilize and monetize content, extending its distribution reach while delivering the highest possible quality and user experience regardless of device, network or carrier. Founded by digital video pioneers from Apple, Avid and MTV, Thwapr's patent-pending Share to Phone(TM) technology is revolutionizing mobile video, while also revitalizing traditional media by incorporating branded mobile video into print, broadcast, billboards and radio. A cloud-based solution that does not require a download or app, Thwapr is making mobile video sharing easy, fast and fun for the hundreds of millions of consumers with Web-enabled mobile devices. For more information about Thwapr, please go to http://corp.thwapr.com, visit Thwapr at www.twitter.com/thwapr or become a fan at www.facebook.com/thwapr.
News Today
NEW YORK, NY, Jul 28, 2010 -- Thwapr, Inc. (OTCBB: THWI), a mobile video sharing service for mobilizing and monetizing branded content, today announced its status as the official mobile video sharing service provider for the 2010 Vans Warped Tour(R), one of the nation's largest summer rock tours. Thwapr's patent-pending Share to Phone(TM) technology allows official video blog updates -- daily "Pit Reports" from field reporter Tiffany Mink -- to be sent directly to subscribers' phones from every stop on the 43-city tour.
"Every year The Vans Warped Tour is looking for new, cool and innovative ways to connect with our fans and we are excited to add a mobile video sharing component this year," said Paul Kersh, New Media Manager at 4Fini. "Our primary demographic is 15-25 year olds and, for these highly connected fans, mobile video is a great way to make them feel like a part of the Tour. The videos also provide great benefits for our sponsors and vendors who can leverage the Thwapr solution to deliver branded mobile updates to fans."
The Tour is using Thwapr's Share to Phone(TM) technology to send daily mobile video "Pit Reports" to subscribers. "Pit Reports" include fan and musician interviews, sponsor booth tours, on-stage and off-stage performance highlights and more. Fans can receive updates by texting "WARPED" to 757575 or via the Vans Warped Tour Website. Fans receive the mobile video updates via SMS and simply click on a link to watch video on their mobile phone. They also can quickly and easily share video content either directly to friends' mobile phones or via their Facebook and Twitter social networks.
Thwapr's technology automatically optimizes video for devices in real time, ensuring recipients get the highest possible quality media regardless of screen size, bandwidth, file size or picture quality. In addition, accessing Thwapr's service does not require a download or an app.
"This is an ideal use of Thwapr that really demonstrates how promoters, fans and recording artists alike can use our technology to mobilize video content," said Bruce Goldstein, founder and CEO of Thwapr. "This is the perfect example of how Thwapr leaves content owners, like the Vans Warped Tour, in complete control of their message and brand while providing a perfect delivery system to leverage the mobile channel and deepen their reach and fan engagement."
Currently in its 16th year, The Vans Warped Tour is touring 43 cities in the U.S. and Canada and has show dates running through August 15, 2010. Each city showcases 10 stages of live music featuring more than 80 bands per market. In many markets, the Tour draws nearly 10,000 attendees.
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About Shamrockstocks.com
Shamrockstocks.com is a website that profiles stocks of interest. We are not licensed brokers or financial consultants. The information here is believed to be reliable, but not guaranteed to be accurate by Shamrockstocks. Please be advised that the information contained may or may not be complete and is solely for informational purposes only. This is not to be construed as an offer to sell, hold or the solicitation of an offer to buy. Investors are encouraged to seek opinions by their registered brokers or financial advisors after extensive due diligence is performed.
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