Category Archives: otcbb

Profire Energy Reports Record Revenues & Net Income in Q2 FY2014

Company Reports Revenues of $9.3 Million With $2.0 Million Net Income (After-Tax), Representing 113% Increase in Revenues and 217% Increase in Net Income (After-Tax) From Previous Year’s Same Quarter

LINDON, Utah, Nov. 14, 2013 (GLOBE NEWSWIRE) — Profire Energy, Inc. (PFIE), a technology company which manufactures, installs and services burner management systems and other combustion technologies for the oil and gas industry, today announced that it has filed its Quarterly Report on Form 10-Q for its fiscal quarter ended September 30, 2013 with the U.S. Securities and Exchange Commission.

The Company reported record quarterly revenue and net income (after-tax) for the quarter ended September 30, 2013 of $9,342,456 and $2,049,549, respectively. These figures represent a 113% increase in revenue and a 217% increase in net income (after-tax) compared to the same quarter of the prior fiscal year. Basic earnings per share increased to $0.05 for the quarter, compared to $0.01 for the same quarter of the prior fiscal year. As a percentage of revenues, cost of goods sold decreased to 40%, compared to 49% for the same quarter of the prior fiscal year.

The Company reported record revenues and net income (after-tax) for the six-month period ended September 30, 2013 of $16,524,036 and $3,663,533, respectively. These figures represent a 105% increase in revenue and a 202% increase in net income (after-tax) compared to the same period of the prior fiscal year. Basic earnings per share increased to $.08 for the period, compared to $.03 for the same period of the prior fiscal year. As a percentage of revenues, cost of goods sold decreased to 41%, compared to 45% for the same period of the prior fiscal year.

Accelerize New Media, Inc. Reports Record Revenues & Profits in 2012

Company Achieves Full Year Profitability With Triple Digit Revenue Growth in FY 2012

NEWPORT BEACH, CA–(Marketwire – Mar 7, 2013) – Accelerize New Media Inc. ( OTCBB : ACLZ ), owner and operator of Cake Marketing(, a highly scalable SaaS (Software-as-a-Service) platform providing a comprehensive and complete online tracking solution for advertisers — from acquisition through conversion, today announced financial results for its fiscal year ended December 31, 2012.

“Growing industry demand for our innovative SaaS platform and capitalizing on the true power of our recurring revenue business model enabled Accelerize to achieve its first full year of profitability, with record revenues that grew 146% year over year,” said Accelerize New Media Inc. Chairman and CEO Brian Ross. “Given the increased number of new clients and greater usage among existing clients, we fully expect this momentum to continue through 2013 as we continue to scale our business both domestically and internationally.”

“Reaching profitability was an important milestone, providing validation for our business model and enabling us to prudently reinvest in R&D and build shareholder value,” added Mr. Ross. “With advertisers demanding a measurable return on investment for their marketing initiatives, we are confident that the R&D investments we have made and continue to make will result in ongoing and significant market share gains as the industry embraces performance-based marketing.”

Financial Highlights for FY 2012
Revenues: Total revenues increased 146% from $2,363,073 to $5,800,622 year over year, driven organically by a 117% increase in the average number of clients and a 13% increase in the average usage fees charged per client. We expect future revenues to be driven by ongoing organic growth, international expansion, and increased sales efforts.

Operating Income: Operating income reached $380,937, compared to an operating loss of $(853,881) year-over-year, due to higher revenues and contained expenses. We plan to continue managing our costs and scaling revenues to improve operating margins.
Net Income: Net income increased to $492,948, compared to a loss of $(1,177,095), during the prior year period, due to revenues that grew faster than expenses.

Cash Flow: Cash provided by operations increased to $166,059 compared to cash used in operations of $(648,137) a year ago. Approximately $933,034 was invested in research and development. We continued to increase our expenditures to support our additional customers and the scope of our activities, which increased our total operating expenses from $3,216,954 in 2011 to $5,419,685 in 2012. Free cash flow, which amounts to cash flows from operations less capital expenditures, totaled $124,289 for 2012.

About Accelerize New Media, Inc.
Accelerize New Media, Inc. owns and operates Cake Marketing, a highly scalable SaaS (Software-as-a-Service) platform providing a comprehensive and complete online tracking solution for advertisers — from acquisition through conversion. Easy-to-use wizards and real-time reporting guide users through every step of managing and optimizing campaigns. From traffic providers to advertisers, tracking to data distribution, Cake Marketing offers the most robust platform to manage your business and analyze the performance of your marketing relationships. Seamless integration with other services through a developed API eliminates bottlenecks while increasing ROI for advertisers.

Use of Forward-looking Statements
This press release may contain forward-looking statements from Accelerize New Media, Inc. within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. For example, when we describe our momentum moving into 2013, industry demand for the Cake Marketing platform, our ongoing and significant market share gains, and our future revenues, we are using forward-looking statements. These forward-looking statements are based on the current expectations of the management of Accelerize New Media only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in technology and market requirements; our technology may not be validated as we progress further; we may be unable to retain or attract key employees whose knowledge is essential to the development of our products and services; unforeseen market and technological difficulties may develop with our products and services; inability to timely develop and introduce new technologies, products and applications; loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of Accelerize New Media to differ materially from those contemplated in such forward-looking statements. Except as otherwise required by law, Accelerize New Media undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risk and uncertainties affecting Accelerize New Media, reference is made to Accelerize New Media’s reports filed from time to time with the Securities and Exchange Commission.

OPEL Technologies Inc. Announces New Laser by ODIS Subsidiary as Key Achievement in POET Monolithic Optoelectronic Platform

TORONTO, ONTARIO and STORRS, CONNECTICUT–(Marketwire – Dec 4, 2012) – OPEL Technologies Inc. (TSX VENTURE:OPL)(OPELF) (“OPEL” or “the Company”) today announced that its U.S. affiliate, ODIS Inc. has successfully produced an integrated laser device, thereby achieving a key milestone in its Planar Optoelectronic Technology (“POET”) process, that enables high-performance devices fusing optical and electronic devices together on a single chip.

By allowing the production of components with increased speed, density, reliability, and lower costs, POET offers the semiconductor industry the ability to push Moore”s Law to the next cadence level, overcoming current silicon-based bottlenecks, and potentially changing the roadmap for a broad range of applications, such as smartphones, tablet and wearable computers.

After years of increasingly successful development, the fabrication of the first Vertical Cavity Laser (VCL) utilizing ODIS”s patented POET GaAs III-V technology is a significant success. Incremental progress over the years has led to what many consider to be the next phase of semiconductor development which is to surpass the capabilities of complementary metal oxide semiconductor (CMOS) technology for the next generation of high speed low power applications. It is now widely believed that CMOS technology advances have reached a saturation point.

The new laser serves as the basis for chip-to-chip interconnection, and complements numerous other optoelectronic devices already demonstrated by ODIS – including heterostructure field effect transistors (HFETs), optical thyristors, pulsed lasers, and super-radiant light emitting devices – all able to be monolithically fabricated via the POET process.

Click here for complete article

CrowdGather Reports Record Financial Results, Appears Undervalued

CrowdGather (CRWG) Reports Record Financial Results, Appears Undervalued (via The OTC Investor)

Many internet companies have the same M.O.: They develop a product that reaches a lot of users, undergo an IPO when the market is hot, and then focus on monetizing their users after the fact. Unfortunately, this strategy is still questionable for social media companies like Facebook Inc. (NASDAQ: FB…

Penny Stocks – A Simple Definition for Beginners

Essentially, a penny stock is one that trades for pennies. It can be an extremely volatile market, as investors expect a large return for a small amount of input. These types of stocks lack liquidity, have limited following and disclosure, small capitalization and also have large bid-ask spreads. However if you do it right, you can reap the rewards and they tend to be traded over the counter, using pink sheets and OTCBB. Penny stocks are usually traded outside of the major market exchanges, due to the small amounts that they trade with and it takes a lot of research and education in the subject to really become knowledgeable about them.

In some countries, penny stocks are also known as cent stock. While there is really no definition of the penny stock that is accepted all over the world, the definition above is pretty standard. Many people put money into penny stocks, as well as other opportunities such as Bullion Vault. With any investment opportunity, it is important to make sure that you have as many facts as possible before making a decision. If you get it right, there can be good rewards, however it is definitely worth making sure that the opposite does not happen.

The OTCBB, or the OTC Bulletin Board provides over-the-counter equity securities and services to their members. To become a member, you must subscribe and then you can enjoy all the benefits that will be available to you. The equity securities that the OTCBB provides, are not available on the NASDAQ or national stock exchange, so are therefore unique to subscribing customers. Penny stocks tend to have limited listing requirements and not very many regulatory and fulling standards. They usually belong to small companies with speculative shares that are not liquid.