posted
Very lightly traded but it is at .20 they say earnings will be .10 this year. They have been profitable the past THREE quarters also!!
Take a look at todays press release.
IBSG International Announces Material Facts Disclosed on Conference Call; Reiterates Compelling Valuation and Minimum Price Target of $1.00 Per Share
IBSG International Inc. (OTCBB:IGII), in order to comply with Regulation FD, today announced certain material facts that were disclosed on its investor conference call, which was held on May 23, 2005.
Mr. Shafer, COO of IGII's subsidiary, IBSG Inc. announced that the Company was pursuing contract negotiations with the states of Utah, Oregon, and Minnesota for the Company's SBDC product, Biz World Pro. Although there is no assurance that these negotiations will result in final agreements, the Company expects these contracts to come to fruition within the next 90 days. These contracts, if realized, will represent potential consolidated revenues of $4 Million during their five year contractual lives.
Dr. Michael Rivers, CEO of IGII, announced that the ongoing contract with the Nigerian government is opening the doors to other international opportunities. Dr. Rivers indicated that the Company has discovered that most multi-national companies are instituting mandates requiring development of small business initiatives, and most countries have agencies that are similar to the Small Business Administration in the United States. This has led the Company to pursue numerous other international business opportunities available to the Company, including negotiations for a complete Biz World Pro for one of the largest European defense contractors for purposes of monitoring the sub-contract work performed by small to medium sized enterprises, the presentation to another large African country in implementing the Biz World Pro for development of the small and medium business segment in its economy, and a presentation to the UN agency mandated to support the development of small enterprises in developing countries.
Commenting on activity elsewhere, Roy Davis, CEO of Secure Blue Inc., a wholly owned subsidiary of IGII, indicated that the SOX Pro monitoring product was now being actively demonstrated to potential customers throughout the United States, with full roll out of the product expected in the next 60 days. Secure Blue is forecasting gross revenues from its new product launch of $150,000 in the second quarter of 2005 and a cumulative $1,000,000 by the end of the year. Profit margins on the product should be in excess of 33%. No assurances can be given that such gross revenues or profit margins will be realized.
Dr. Rivers also announced that the Company was accelerating its investor relations program to increase awareness of its stock in the marketplace. This program includes scheduling investor updates calls on a quarterly basis, intended large scale mailing of updated investor relations packages to the Company's existing shareholder base, stock brokers and fund managers that are following the Company's stock, plus a series of broker and institutional investor meetings which have been scheduled starting June 4th in New York City. The Company is also actively pursuing discussion with officials from the American Stock Exchange and the Alternative Investment Market (AIM) in London. The Company expects to achieve a listing on a major exchange as soon as possible.
The Company reconfirmed its projections of $15,000,000, $32,000,000 and $50,000,000 of current and deferred revenues in 2005, 2006 and 2007, which recognizes the effect of the compounding of income, which is expected through the long-term contracts and joint ventures presently being established. The Company expects to maintain a net profit margin of 30% in 2005, which will increase to a projected 40% in 2006 and 2007, as contracts and joint ventures mature, generating additional incremental income without the corresponding startup costs. The Company confirmed that it expected to achieve the $.10 per share of earnings in 2005, which was estimated in the revised research report issued by Research Works on May 23, 2005. The report can be downloaded from the Research Works website from the following link: http://www.rwequityresearch.com/igii.htm
Dr. Rivers stated on the conference call that these projections are based upon current signed contracts and joint ventures or agreements that are in the final stages of negotiations. Such forecasts do not include several international projects that were discussed on the conference call, which could substantially increase both gross income and earnings in each year, should such projects come to fruition.
To hear a recording of the call by telephone for 30 days: Call 1-800-977-8002 in the United States or Canada or; Call 1-404-920-6650 in the Atlanta Area or Internationally Pin Code: Press star then 510585
"Dr. Rivers also announced that the Company was accelerating its investor relations program to increase awareness of its stock in the marketplace. This program includes scheduling investor updates calls on a quarterly basis, intended large scale mailing of updated investor relations packages to the Company's existing shareholder base, stock brokers and fund managers that are following the Company's stock, plus a series of broker and institutional investor meetings which have been scheduled starting June 4th in New York City. The Company is also actively pursuing discussion with officials from the American Stock Exchange and the Alternative Investment Market (AIM) in London. The Company expects to achieve a listing on a major exchange as soon as possible."
I guess I will wait till June 4th to see if the stock starts to move. If it does then someone liked it at the investor meeting.
Posts: 1458 | From: Ohio | Registered: Mar 2004
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posted
"To hear a recording of the call by telephone for 30 days: Call 1-800-977-8002 in the United States or Canada or; Call 1-404-920-6650 in the Atlanta Area or Internationally Pin Code: Press star then 510585"
If you need a laugh take a listen to it. I listened to it earlier today. You can clearly tell they are holding it at someones home. (At one point it is interrupted by BARKING DOGS) They also had some technical difficulties.
But during the conference call they say they are meeting with Amex on June 6. (If their projections are met they should just wait a year)
They also said they will meet or exceed .10 earnings per share for the year. Although they said the second quarter should have 1.8 Million in revenue with earnings of $300,000. So to meet their projections of .10 and 15 Million in revenue they would need to average about $6 Million in revenues for each the 3rd and 4th quarter with earnings of $2 Million in each.
They also say they are in talks with the UK Defense Department. Currently have 8 contracts and are in talks with 11 others. I think the UK contract would be a big one if they could get it.
This one will be on my watch list. I just can't believe the CEO is still saying they will meet the .10 per share in earnings!! That is $4.5 MILLION in profit!!
Posts: 1458 | From: Ohio | Registered: Mar 2004
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Once this is an official contract it may fly. This stock has hardly NO VOLUME THOUGH so it may not move until they start reporting more revenues.
Posts: 1458 | From: Ohio | Registered: Mar 2004
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posted
i looked at their 10q from may and it seems like they aren't in as good a shape as their earnings reports seem to indicate. almost looks like smoke and mirrors on these earnings reports. we'll see if these contract come through with some revenues. could be a future winner if the contracts actually come through.
Posts: 1045 | From: novato,ca,usa | Registered: Aug 2003
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8 straight profitable quarters...got my attention...
IGII -- IBSG International, Inc. Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
CORRECTING and REPLACING IBSG International Announces Eighth Consecutive Profitable Quarter; Sales Revenues Rise 223%; IBSG International Will Host a Conference Call Tomorrow 11:00 A.M. Eastern
CELEBRATION, Fla., Aug 15, 2006 (BUSINESS WIRE) -- Fifth graph, second sentence of release should read: With weighted average number of shares of 67,207,138 million basic and diluted shares outstanding, earnings per share this quarter was $0.01. (sted With weighted average number of shares of 67,207,138 million basic and diluted shares outstanding, earnings per share this quarter was $0.00.) The corrected release reads:
IBSG INTERNATIONAL ANNOUNCES EIGHTH CONSECUTIVE PROFITABLE QUARTER; SALES REVENUES RISE 223%; IBSG INTERNATIONAL WILL HOST A CONFERENCE CALL TOMORROW 11:00 A.M. EASTERN
IBSG International, Inc. (OTCBB:IGII) a holding company for four technology and software subsidiaries, announced today its financial results for the second quarter and first half of 2006. Revenues for the three months ended June 30, 2006 rose to just under $2.9 million compared to revenues same three month period ended June 2005 of $1.3 million, an increase of 223%.
Operating expenses for the second quarter of 2006 were $1.2 million, up $263,000 from $937,000 in the same period in the prior year. This reflects an increase in professional services expenses of $160,000 due to the contract obtained in South Africa, and it reflects an increase in salary of $94,000, due to the staff located in India as well as staffing the Company with the needed employees. Consequently, the Company had an operating profit for the three months ended June 30, 2006 of $1.6 million, up six times the operating profit of $256,000 for the three months ended June 30, 2005. The majority of revenues were from the Company's international projects.
The Company had other expenses of $678,000 for the three months ended June 30, 2006 compared to $180,000 for the three months ended June 30, 2005. For second quarter of 2006, the entire $678,000 was for tax provision, while in the second quarter of 2005, the interest and expenses were offset by changes in fair value of embedded options and warrants, which no longer pertain.
For the six months ended June 30, 2006, revenues were slightly above $5.0 million compared to the result for six months ended June 30, 2005 of $2.4 million. Operating expenses rose to $2.1 million for the six months ended June 30, 2006 from $1.8 million for the six months ended June 30, 2005. Other expenses rose to $1.8 million in first half of 2006 from $148,000 other net income in first half of 2005. The increase of other expenses for the first half of 2006 was due to the settlement of the debt and warrants outstanding and the sale of an asset and a provision for taxes (as reported in Q 1 2006 filing). Net income for the six months ended June 30, 2006 reached $1.1 million, or $0.02 per fully diluted share. For the six months ended June 30, 2005, net income was $586,000, or $0.01 per fully diluted share.
Net income for the second quarter of 2006 reached $941,000, more than double the $436,000 generated in second quarter of 2005. With weighted average number of shares of 67,207,138 million basic and diluted shares outstanding, earnings per share this quarter was $0.01. In 2005's second quarter, with 49.2 million diluted shares outstanding, earnings per share came in at $0.01.
Dr. Michael Rivers, CEO of IGII stated, "The foundation we have built over the last couple of years has started to show results. We have been profitable for eight consecutive quarters, and the focus now is on continuing to implement the strategic plan that has brought us this far."
In the second quarter of 2006 the Company's subsidiary IBS Group's COO, Alan Shafer announced, "Alabama became the first of the states affected by Hurricane Katrina to sign a formal agreement with IBSG under the Revitalization Plan, and is expected to generate $6.9 million in revenues to be shared between the Alabama SBDC and IBSG over the life of the five-year agreement. Although no assurances can be given, management anticipates that during the first 12 months of operation, shared revenues based on a percentage of the estimated 86,000 businesses, according to the state of Alabama's statistics, is expected to exceed $700,000. We believe other states, including additional Katrina states, will sign similar agreements in the next 3-6 months."
Kevin Gollop, Managing Director of the company's subsidiary, A-Division IT Systems, stated, "Our South African initiative is being implemented; the recently installed platform is fully operational, and it is projected by the SA government that a substantial portion of the 100,000 Small-Midsize Enterprises (SMEs) in Johannesburg alone will be operating on the system based on IBSG's BizWorld Pro(TM). The initial focus will be the over-32,000 SME mining vendors. There are an estimated 250,000 registered SMEs in South Africa, which are expected to come on line before the year's end."
Management of IBSG International will host a conference call on Wednesday, August 16, 2006 at 11 a.m. EDT to discuss the company's financial results and achievements. Those who wish to participate in the conference call may telephone 888-335-6674, from the U.S. and 973-935-2100 for international callers, PIN # 7744722 approximately 15 minutes before the call. A digital replay will be available by telephone for two weeks and may be accessed by dialing 877-519-4471, from the U.S., or 973-341-3080, for international callers, and entering PIN # 7744722.
About IBSG International, Inc.
IBSG International, Inc. is a holding company for four technology and software subsidiaries: Intelligent Business Systems Group, Inc. (IBSG), a provider of turnkey digital service center software; Secure Blue, Inc., a Sarbanes-Oxley and security software solution provider; Intelligent Business Systems Development (IBSD), a software development, maintenance and data storage company; and A-Division IT, a consultant company focused on development of IT projects for multinational corporations.
IBSG offers enterprise solutions designed to enhance the operating efficiency and create revenue for State Small Business Development Centers, business associations (e.g., Chambers of Commerce) and Fortune 1000 corporations by licensing its unique turnkey digital service center software, which provides a broad range of digital budgetary, administrative and commercial services (B2B, e-commerce, government to business and enterprise business services) on a single platform known as the BizWorldPro(C).
Secure Blue, Inc. provides a robust economical Sarbanes-Oxley (SOX) compliance and security software suite, Secure Blue SOX Pro. It is targeted at small- and mid-cap public companies as well as private companies requiring SOX compliance to enable them to continue working with public companies.
As software providers, system integrators and Application Service Providers, IBSG, Inc. and Secure Blue, Inc. generate revenue from license sales, system modifications, systems support and a percentage of monthly customer fees. The typical IBSG/Secure Blue license agreement has a five-year term which is updated on an annual basis and almost invariably renewed upon expiration; to date the company has had only one licensee not renew, due to the expiration of the licensee's contract with another party.
IBSG, Inc. will provide ongoing support of International's other subsidiaries, IBS Group and Secure Blue. The company provides development, system support and secure data storage, and will maintain offices in the US and India, where its current offshore development and support team is located.
A-Division IT establishes it projects for multi-national corporations around the world. The projects are recognized off set program qualified and provide a required contractual obligation of theses corporations.
A-Division IT is the sole IT offset provider to BAE Systems and maintains relationships with various other multinational corporations. A-Division maintains office in the United Kingdom.
Safe Harbor Forward-Looking Statements
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. The above information does not guarantee any successful closing of new business. No assurances can be given that any projections related to gross revenues or profit margins will be realized. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.
SOURCE: IBSG International, Inc.
CONTACT: For IBSG International, Inc., Celebration Porter, LeVay and Rose, Inc. Michael Porter, 212-564-4700
Copyright Business Wire 2006
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KEYWORD: United States North America Florida INDUSTRY KEYWORD: Technology Government Federal Government Agencies Software State/Local Other Government Professional Services Finance SUBJECT CODE: Earnings Conference Call
Search for Dun & Bradstreet reports on this company.
posted
perhaps I spoke to soon...reverse split coming...but is it to go to a higher exchange possibly? 67 mil o/s now...r/s would pull it to 6.7 mil and $1.90 (currently)
From their latest 14a filing...
The Annual Meeting of Stockholders (the "Annual Meeting") of IBSG INTERNATIONAL, INC., a Florida corporation (the "Company"), will be held at 9:00 a.m., local time, on September 30, 2006 at 4500 S. E. Pine Valley, Port St. Lucie, Florida 34952 , for the following purposes:
(1) To elect three members to the Company's Board of Directors to hold office until the Company's Annual Meeting of Stockholders in 2008 or until his successor is duly elected and qualified; and
(2) To ratify the appointment of HJ & Associates, LLC, as the Company's independent certified public accountant; and
(3) To ratify the Company’s 2006 Stock Option Plan; and
(4) To enact a one for ten reverse stock split, to be effective as of the filing of an amendment to the Company's Articles of Incorporation with the Florida Secretary of State.
(5) To transact such other business as may properly come before the Annual Meeting and any adjournment thereof.
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Could the R/S be a positive move for a company in apparently "good" financial shape?
More digging, might be a good play for tomorrow anyway...
Posts: 2741 | From: Seattle | Registered: Feb 2005
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