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Pinksheet & OTCBB Penny Stock News - EFIR, RMCP, GISV, PAYD
(M2 PressWIRE Via Acquire Media NewsEdge) Stocksource.us brings you all the Stocks in the News: EGPI Firecreek Inc. (OTCBB: EFIR), Revolutions Medical's (OTCBB:RMCP), Global Investor Services, Inc. (OTCBB: GISV), PAID Inc. (OTCBB: PAYD)
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EGPI Firecreek Inc. (OTCBB: EFIR)
SCOTTSDALE, AZ -- 09/02/10 -- EGPI Firecreek Inc. (OTCBB: EFIR) and Terra Telecom, LLC (referred as "Terra"), are pleased to announce plans for continued expansion in the utilities industry.
Terra Telecom, a premier Alcatel-Lucent partner, is a leading provider of state-of-the-art communication technologies. Over the years, they have serviced several significant utility companies with a broad range of customized services. Because of their success within this industry, several key opportunities have allowed them the ability to meet and exceed expectations. Because of this, additional opportunities have now made themselves available which will ultimately allow the company to show exponential growth within this specific key market.
Mark Lane, VP of Operations for Bristol Virginia Utilities, stated, "Terra Telecom has been instrumental in the success of BVU OptiNet's call center infrastructure and hosted PBX service to government entities. Their partnership approach and creative business models have allowed us to develop the right mix of product portfolio, self-maintenance, and vendor-support. Even in situations where the manufacturer has been inflexible in meeting our needs, Terra has found a way to work around or through those limitations to meet our business requirements and customer needs."
Denver Water has relied on Terra for the past 4 years as their communications partner. Some of their recent changes included networking several of their remote sites into their Denver Headquarters communications system. Terra Telecom and Denver Water have now deployed a new advanced disaster recovery solution to ensure business continuity in the event any one of their facilities became unusable. Terra's capabilities in the world of disaster recovery have provided Denver Water the solutions that will keep them running in the worst possible scenarios.
Wade Clark, Terra Telecom CEO, stated, "A major South West Utility Provider made the move to Terra Telecom 4 years ago. This past April, after winning the RFP for support renewal, Terra was again issued a multiyear contract for ongoing services due to its competitive pricing and the demonstration of its technical expertise over the previous 4 years. This Utility Provider is currently in the process of upgrading all of their systems to the latest revision levels, and their Water Customer Service department is also currently upgrading their Genesys Contact Center, adding integration with Microsoft CRM for screen pops, and doing a Genesys Voice Portal deployment for IVR functionality. No matter the need, Terra is there to deliver the solutions to meet our customers' challenges. We are extremely optimistic about the potential for growth we have in this market." He also stated, "Terra Telecom is now leveraging this business model, specific to this vertical market, in order to negotiate for a new 5 state D.O.T. contract for Microwave, data, and voice communications infrastructure enhancements."
As previously announced, EGPI Firecreek signed a binding Letter of Intent to acquire Terra Telecom, LLC. Terms have already been set and agreed to by both parties. Both companies are currently working diligently through their due diligence process in order to finalize the acquisition by September 30th.
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Revolutions Medical's (OTCBB:RMCP)
CHARLESTON, S.C., Sept. 2, 2010 -- Revolutions Medical's ("Revolutions Medical" or the "Company") (OTCBB:RMCP) CEO Ron Wheet is scheduled to do an interview on Thursday, September 9th at 11:00AM EDT with www.wallstreetreporter.com. Everyone can access this interview by logging onto their website and clicking on the link next to our name. What the company hopes to accomplish with this interview is to discuss recent news and new developments and give some guidance going forward.
About Revolutions Medical Corporation
Revolutions Medical is a safety medical device and software application company. Its products include the RevVac safety syringe (FDA approved), safety blood drawing device and safety IV catheter. The Company also provides RevColor, RevDisplay and Rev3D -- software solutions and proprietary tools that are compatible with standard MRIs and standard PACS. The software suite's functionality includes sorting of images, color, 3D and automatic segmentation of images.
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Global Investor Services, Inc. (OTCBB: GISV)
NEW YORK, NY -- 09/02/10 -- Global Investor Services, Inc. (OTCBB: GISV) ("Global" or the "Company") announced its business results for this year's first fiscal quarter ending June 2010.
Revenue for the June 2010 quarter was $333,606 versus $ 275,582 in the prior year, an increase of 21% and a 22% sequential increase versus the March 2010 quarter revenue of $273,731.
The Company's revenue is primarily derived from two channels; on-line investor education and data feed services. The revenue derived from the subscription based investor education services was $218,129 in the June 2010 quarter versus $72,857 in the prior year, an increase of 200%; and a 55% sequential increase versus the March 2010 quarter revenue of $141,460. This growth in revenue is largely attributable to increased marketing investment as previously announced by Global.
The legacy data feed services revenue, which pre-dates the Company's current on-line operations model, declined 45% to $115,477 in the June 2010 quarter versus the prior year revenue of $202,725 and versus $132,272 in the March 2010 quarter. This decrease is largely attributable to current client conversions to the education offerings as well as attrition. Forward revenue for data feed services is currently embedded in the higher priced education services subscription products; however our continuing clients will still have the option to choose lower priced data services at any time.
As previously announced, the Company increased its marketing investment in the June 2010 quarter. The results of the increased marketing effort generated more than 10,000 buyer leads, of which 4,600 attended on-line webinars, amounting to a five-fold increase over the prior quarter. In the June 2010 quarter, the Company also reduced its cost per lead by 30% and converted webinar attendee leads into buyers at a rate of 18%.
The Company continues to build its in-house sales team and is negotiating with outside sales groups to increase its sales capacity, as required. During the June 2010 quarter, the Company installed lead generation, sales operation, and sales reporting systems which generate current reports on customer conversion and retention. These systems confirm an increase in subscriber retention, a trend which is at the core of the Company's revenue growth model. Nick Maturo, CEO of Global, was recently quoted:
"We believe we have proven that the Company's on-line model, as evidenced by the June 2010 Quarter results, is scalable and we will continue to invest our resources in online marketing campaigns to expand the number of leads. Recent improvements in sales operations and new client offerings have increased client retention significantly in the current quarter." Separately, the business venture between the Company and Questrade, the online broker-dealer, is set to launch in the coming weeks. The Company will report separately on this event.
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PAID Inc. (OTCBB: PAYD)
BOSTON, MA -- 09/02/10 -- AuctionInc, the shipping calculation software brand of PAID Inc. (OTCBB: PAYD), has implemented major enhancements to its intelligent Packaging Engine, the heart of its AuctionInc ShopCart shipping calculation software that includes patented technologies developed by PAID, Inc. The enhancements involve significantly improved management of item dimensions in determining the number of packages that are required when shipping a merchandise order.
AuctionInc's software is now even smarter than previous versions that had already provided AuctionInc with a firm lead over the vast majority of carts and rate APIs in determining accurate package shipping rates.
"The dimension management upgrades to AuctionInc's packaging engine will determine the most cost-efficient package configurations to help online retailers reduce their shipping costs," said Doug Sherman, AuctionInc manager. "While this is beneficial to all retailers shipping product, this feature is particularly valuable to retailers who are providing free shipping, as they want to minimize the costs they are absorbing."
AuctionInc's packaging engine is now able to take the size of items (tracked as total item volume) into account when determining when it is necessary to "split" to the next package while processing the items in the shipment. As the number of packages in a shipment is the most critical factor in determining an accurate ship rate, this is a significant step forward. Using a variety of algorithms to determine the maximum available volume per service, along with item, carrier, and seller-configured data, AuctionInc's engine now appropriately splits when either a maximum weight or volume is reached.
Previously, dimensions were used to qualify individual items as shipping service-eligible, qualify items for various flat rate boxes, and determine if the size of the resulting packages were subject to "dimensional weight," oversized rates, or service ineligibility. AuctionInc's packaging splits (calculating how many packages are required to handle the items in the shipment), however, were primarily determined by item weights.
"PAID, Inc.'s AuctionInc? ecommerce Shopping Cart with the new enhancements was featured as a shopping cart solution on PayPal's business landing page during the month of July," said Rich Rotman, PAID COO. "The exposure drove increased awareness of the AuctionInc Shopping Cart and attracted numerous new customers. PayPal provided this marketing opportunity to us as a result of our relationship with them and AuctionInc's participation in a number of their 'enhanced partner' programs."
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