CorpHQ Releases Voluntary Annual Report - OTC Company Reports Solid Earnings and Strong Revenue and Asset Growth
REDONDO BEACH, CA (March 15, 2005) - CorpHQ, Inc. (OTC:COHQ) today reported that it has posted its 2004 Annual Report containing independently reviewed financial statements at http://www.pinksheets.com/quote/finance.jsp?symbol=COHQ.
The information highlighted in this press release is contained in, and qualified in its entirety by the full text of, the Voluntary Report referenced above, and all readers are encouraged to consult the full report which includes, among other things, risk factors and other information necessary for a complete understanding of the company.
During the twelve month period ending December 31, 2004, total assets increased by 30% to $3,563,853 from $2,745,291 at December 31, 2003.
During the twelve month period ending December 31, 2004, total equity increased by 13% to $3,033,410 from $2,691,607 at December 31, 2003.
Revenue in the year ended December 31, 2004 increased by 44% to $1,798,507 from $1,251,028 in the year ended December 31, 2003. CorpHQ had net income of $757,119 for the year ended December 31, 2004 compared to net income of $730,077 for the year ended December 31, 2002, a 4% increase.
Steve Crane, co-founder and CEO of CorpHQ Inc. stated, "Our business is rather complex at times, but our goals for the future are straightforward: (1) Generate asset growth and cashflow by building solid companies that increase in value; (2) create awareness of CorpHQ in the capital markets to obtain a reasonable valuation for CorpHQ; (3) enhance the scope and scale of our operations; (4) become a principal investor by creating our own venture fund; and (5) qualify for a NASDAQ or American Stock Exchange listing. I believe our performance during the last three years shows that we have already made significant progress towards reaching these goals."
Crane added, "While these goals are ambitious, each and every member of our team strongly believes that they are within our reach. As we continue with our work to meet these goals, as always, we proudly commit ourselves to sound corporate governance, timely disclosure and above all, strong corporate principles and ethics."
About CorpHQ, Inc. CorpHQ Inc. operates as a holding company and business incubator; we organize, invest in, and provide comprehensive management support and a variety of resources to high-potential companies. CorpHQ also acquires interests in and provides consultation to selected companies that are synergistic with its portfolio companies.
Forward-Looking Statements "Any statements made in this press release which are not historical facts contain certain forward-looking statements, as such term is defined in the Private Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. These forward looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results of the specific items described in this release, and the company's operations generally, to differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. Although we believe that the expectations reflected in the forward looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of such statements, and we disclaim any obligation to update information contained in any forward-looking statement."
Business Description: We assist high-potential entrepreneurs in building their companies from concept to profitability. Our function is that of a "Business Launch Pad," and our goal is to create quality, high value companies; while accelerating their development from concept to liquidity event.
State of Incorporation: California
Country of Incorporation: USA Year of Incorporation 1993
Officers: Steven Crane, Chairman/CEO; Leslie Ashby, COO; Art F. Aviles, Director; Gregg Davis, Executive VP; Alan W. Silberberg, Senior VP
Fiscal Year End: December 31
Edgar Filing Status: Non EDGAR Filer
Outstanding Shares: 162,132,518 as of 2005-12-31
Estimated Market Cap: Not Available Authorized Shares: 500,000,000 as of 2005-12-31 Float: 62,209,400 as of 2005-12-31 Number of Shareholders of Record: 703 as of 2006-03-23
Current Capital Change: shs increased by 10 for 1 split Ex-Date: 2004-05-19 Record Date: 2004-05-17 Pay Date: 2004-05-18
Dividends:
Company Notes: Note=8-03 company is in the development stage
Transfer Agent: Interwest Transfer Co., Inc., Salt Lake City, UT 84117
Posted by Prdponce on :
watch for volume....
Posted by Prdponce on :
EOD Volume...
Posted by Prdponce on :
VOLUME increasing last 3 days, MACD crossed. Sto pointing up and RSI rising and approaching 50 .. I am hoping for a run up .015 within the next couple of days>>> IMO,,, The only concern is 500M AS
quote:Originally posted by Prdponce: VOLUME increasing last 3 days, MACD crossed. Sto pointing up and RSI rising and approaching 50 .. I am hoping for a run up .015 within the next couple of days>>> IMO,,, The only concern is 500M AS
But the outstanding is 162,132,518, which really isn't that bad. I went to their website, then the investors relations tab, and read it in their last voluntary quarterly report. I like pinks that do that. Here's the link to their last quarterly: http://www.corphq.com/docs/1Q2006.pdf
I do own this one.. 20k shs only, and thinking about picking up another 20k tomorrow. It does look close to ready.
Posted by Prdponce on :
With a 62 M float....NIce that they voluntarily filed...
[ June 27, 2006, 07:56: Message edited by: Prdponce ]
Posted by Prdponce on :
this could start moving soon... radar it
Posted by Prdponce on :
ask up .01 x .0115
Posted by Prdponce on :
Finally craked past .01... Chart is nice..I believe this day one of nice uptrend...IMO
Posted by Prdponce on :
this should move monday
.011 x .013
Posted by MEMY SELFANDI on :
Nice call PRD Thanks , I needed some green I'm out at .011 nice 20% gain thanks again and GLTY MEMY
Posted by Prdponce on :
got out too early... IMo but money is money..LOL This run is just starting IMO
Posted by paydaysomeday on :
Looks to run nice next week good call Prdponce.
Posted by Superbee383 on :
quote:Originally posted by paydaysomeday: Looks to run nice next week good call Prdponce.
I ditto that.. Thanks Prdponce :-)
Posted by Jason0321 on :
this is going to be a really nice stock to keep in your back pocket. It tends to spike because of the low float, and it is very undervalued right now. easy 5 banger if you got in around .01. good find people. I'm holding out for .1, and the company is working hard to raise the stock value for it's shareholders.
Also, I believe that all the action was in anticipation of the Quarterly report that was released on 6/30 of last year. Looks like there may be some good news on the way. I will be watching very closely.
Posted by Dustoff101 on :
Played and posted it in the .0022-24's ...The problem with these guys is they go to the paid promoters who dilute into their own pump....
Last time it killed the run. Funny thing? I don't think the company is all that bad, for what it is..
People are just becoming to smart to play the pump and dump site picks...
Are they paying a site again? if not maybe this time the thing will run on it's own..Heck, I might even thro a few bucks at it, to make up for the loss from before.
Posted by imakmony2005 on :
lol
Posted by Dustoff101 on :
LOL, does monkey sence hypocracy? Could be..However Leeds dosen't recieve any compensation, from the companies, or atleast he states that...True? Who knows man...
If we are on the same page about this, his picks have been LOUZY of late.BTW, this is not one of his picks.
Posted by Prdponce on :
quote:Originally posted by Dustoff101: Played and posted it in the .0022-24's ...The problem with these guys is they go to the paid promoters who dilute into their own pump....
Last time it killed the run. Funny thing? I don't think the company is all that bad, for what it is..
People are just becoming to smart to play the pump and dump site picks...
Are they paying a site again? if not maybe this time the thing will run on it's own..Heck, I might even thro a few bucks at it, to make up for the loss from before.
_____________________________________
All these POS run on any given day...It is just about timing... I think the time is now for this one...IMO...Loaded at .01 looking to sell at .02...Dont know if it will get there for sure but i like the odds....
Posted by Jonus on :
Noticed HILL moved to .02 Going to buy right at the bell this one looking really nice
Posted by will on :
I don't usually play pinks, don't like them, This one files, has some transparency. I bought it at .0041, looking for a double.
Posted by will on :
No more buying in the .004's. Should be stepping up soon.
Posted by Superbee383 on :
Nothing but buys this morning. The volume is at 613k. The 10 day average is 620k. Anyone know what's going on?
Posted by will on :
Yep, it's getting ready to go. Needs to get by this .006.
Posted by will on :
Still liking this to tickle that .008 soon. Alerted at .004, closed at .0055. Slow and steady wins the race. It actually traded at .003 & .0035 after I bought. Up 37.5% form the .004 though.
Posted by will on :
Just printed .0075 up 87.5% from alert. Just needs a little more love and volume to make it to the winner's circle. Might do better than the .008.
Posted by Superbee383 on :
This is starting to look promising. Any thoughts on a possible gap-up on Tues?
Posted by will on :
Depends, If the spread tightens by raising the Bid and we go into EOD with more volume, then I would say yes.
Posted by will on :
Sold a portion at .0075. amazing they didn't move the Bid, had a 15 point spread and still sold on the Ask. Sitting on free parking. If they don't give me .01, and they take it back down, I'll be adding again in that .004 range.
Hope some of you caught it.
I don't think it gaps up on Monday. It will need a lot of volume for that to happen. They never closed the B/A spread. Slow and steady here I think.
Posted by will on :
We have a mixed bag. Will they punish it or reward it? Revenues down, but loss is substanially less than 2ndQ last year. If they punish it, look to get in .0035 / .004, if not ride the wave, if you're in.
Stronghold Releases 2nd Quarter Financial Report via COMTEX
September 11, 2006
SANTA MONICA, Calif., Sept 11, 2006 /PRNewswire-FirstCall via COMTEX News Network/ --
Stronghold Industries, Inc. (OTC: SGDS), a CorpHQ, Inc. (OTC: COHQ) portfolio company, today reported financial results for the fiscal quarter ended June 30, 2006. The Stronghold Industries, Inc. Voluntary Quarterly Report has been posted at http://www.pinksheets.com/quote/finance.jsp?symbol=SGDS and is available for download now.
Financial results for the three month period ended June 30, 2006 compared to the three month period ended June 30, 2005 include:
* Revenue decreased 27% to $113,543 from $156,592 in 2005. The decrease is due to slightly lower sales and a change in revenue recognition policies. * The net loss decreased 79% to $144,828 from $680,598 in 2005. This improvement was a result of greater operating efficiencies and reduced non-cash compensation expenses. Robert Perea, Stronghold President stated, "This period will close the book on all of the transitional charges and first-time accounting policy changes required by our entrance into the public markets."
"Looking forward, we are encouraged by the substantial reduction in our net loss, and will look to continue to increase our operating efficiency. We are also focused on adding more depth to our sales and technology teams as we evolve into a fully-integrated home technology provider."
About Stronghold Industries, Inc.
Stronghold Industries, Inc., through its wholly-owned subsidiary, Moore Protection, is one of the premier high-end home security providers in Southern California with a high-demographic client base spanning the entertainment, legal and business communities. Stronghold's strategy is to grow both organically and through strategic acquisitions of companies that span the landscape of residential security, entertainment and technology. The company's website is: www.sgtvinc.com.
Contact: Gregg Davis, Investor Relations
310-683-0404 * gregg*corphq.com
SOURCE Stronghold Industries, Inc.
Gregg Davis, Investor Relations of CorpHQ, Inc., +1-310-683-0404, gregg*corphq.com http://www.prnewswire.com Posted by will on :
A lot of folks here, (myself included), complain about "pinks" being secretive and not informing its shareholders.
Here you have a neat little pink that reprots as well or better than some BB's do. Forthright and forthcoming. Doing this right from the beginning, not putting themselves in a position to be criticized or beat up. No secret dilution, no hiding financials. Balance sheet is respectable. Look at the Current Assets vs. the Current Liabilities. Look at that O/S 162M.
Now, I have often said all these pennies are pieces of crap, especially pinks, because they lack reporting transparancy. If there was one that deserved to be an viewed as an"investment" as opposed to a "play", I would have no reservations about giving this serious consdieration.
Posted by Superbee383 on :
That's one of the reasons I like this one. Any pinky that reports voluntarily is, like you said, one that needs to be considered seriously. There are only a handful of pinks that do report quarterly. And you have to admit.. those Level 2's do look good.
Posted by T e x on :
interesting...
nice dialogue, fellas.
Posted by will on :
It appears the down revenues won out. Getting the walk down, it's just a buying opportunity to me. Sitting on freeparking with what I hold, can only get better now. .0035 bottom ???
Posted by will on :
Geez ! Is there such a thing as being too forthright and forthcoming :
CorpHQ, Inc. Rating Adjusted to 'Suspended/1' by Investrend Research Analyst Shailesh Dhuri, MBA Wednesday September 13, 12:15 pm ET
NEW YORK--(BUSINESS WIRE)--Sept. 13, 2006--(Investrend Research Syndicate) CorpHQ, Inc. (OTC: COHQ - News) has received an adjusted rating of "Suspended/1" by Investrend Research Analyst Shailesh Dhuri, MBA. ADVERTISEMENT
The analyst stated:
"The current guidance from management is negative, as its CEO has described the situation as "extremely frustrating." In our previous report we had reported that 'Investors should be aware that investing in an incubation business requires a lot of patience and ability to absorb shocks that come from any unexpected developments.' We believe that such shock is currently underway at CorpHQ. We will wait to see how the management sails through the difficult period. Till such time, we suspend coverage of the stock."
Investors are advised to read those disclosures carefully before trading in the equities of any enrolled company.
CorpHQ is enrolled in Investrend Research's pioneering professional research program, which facilitates independent analysts to provide coverage for shareholders in companies that otherwise would have little or no analyst following. Enrollment fees for Institutional coverage are $29,800, and the fees were paid by the company. Analysts are paid in advance of initial reports by Investrend Research to eliminate pecuniary interest, and neither the analyst nor anyone associated with Investrend Research may own or trade in the stocks of a company under coverage.
Investrend subscribes to the "Standards of Practice for Research Providers" at http://www.firstresearchconsortium.com, and its research is enrolled for investor monitoring by the not-for-profit Shareholders Research Alliance, Inc. (http://www.shareholdersresearch.com).
Anyone interested in receiving alerts regarding International Monetary research should email contact*investrend.com with "COHQ" in the subject line.
Contact: CorpHQ, Inc. Investor Relations Alan W Silberberg or Gregg Davis, 310-540-8851 aws*corphq.com gregg*corphq.com or Investrend Research Div. Investrend Communications, Inc. R. Hempel, 718-896-5060 contact*investrend.com http://www.investrendresearch.com
-------------------------------------------------------------------------------- Source: CorpHQ, Inc.
Posted by will on :
Flipped for freebies. In at .0035 / out at .0055, with a little profit and some more freebies.
Posted by EverGreen on :
when analyst need to sleep sometimes LOL
surely COHQ was good until june but now they probably need to raise some money to revamp some other business (maybe diluting - but still low OS compared to other pos)
quote:Originally posted by will: Geez ! Is there such a thing as being too forthright and forthcoming
Posted by will on :
It's still good. As long as the keep bouncing it between (.003 / .0035 & .0055 / .0075). I'll be there for 'em. I have no problem holding freebies. These MM's accuumulate cheap shares and some day will bang it one good time before saying, "COHQ who" !
Posted by Superbee383 on :
I don't blame the CEO for being ticked off.. Here's his response to that last news item:
CorpHQ Disputes Investrend 'Suspension'; CEO Assails Analyst for Non-Compliance with Minimum CFA Institute Standards Business Wire - September 15, 2006 13:10
REDONDO BEACH, Calif., Sep 15, 2006 (BUSINESS WIRE) -- On September 13, 2006, Investrend Research announced that CorpHQ, Inc. (OTC:COHQ) was being given an adjusted rating of "Suspended/1" by Analyst Shailesh Dhuri, MBA. In response, CorpHQ's CEO, Steve Crane, released the following statement today:
"We dispute the Suspended Rating given by Investrend analyst Shailesh Dhuri because no member of our management team had any form of direct communication with Mr. Dhuri prior to the release of this Notice. The CFA Institute's Standards of Practice clearly state: (all Analysts are to) exercise diligence, independence, and thoroughness in analyzing investments, making investment recommendations, and taking investment actions; and have a reasonable and adequate basis, supported by appropriate research and investigation, for any investment analysis, recommendation, or action.
"Mr. Dhuri stated that 'current guidance from management is negative...' As he has had no contact with our company for the past four months, it is impossible for Mr. Dhuri or Investrend to provide any indication as to what management's `current' guidance on any matter is, or to assert that the change in rating was the result of reasonable, adequate or appropriate research or investigation.
"Secondly, Investrend further states that its rating has been suspended due to its inability or unwillingness to provide the analyst assigned by Investrend with continued access to the company, a violation of the 'CFAI / NIRI Analyst / Issuer Guidelines,' and the 'Standards of Practice For Research Providers'.' (see http://www.investrend.com/Admin/Topics/Articles/Resources /502_1149638541.doc)." (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
"At no time was CorpHQ unable or unwilling to provide Mr. Dhuri with continued access to the company. To the contrary, CorpHQ posted its Voluntary Financial Report for the 2nd Quarter of 2006 on August 15, 2006 and has been waiting to begin discussions with Mr. Dhuri since that time. Instead, without any prior notice or justification, and with no attempt at contacting anyone in management at the company, coverage of CorpHQ was unilaterally suspended by Investrend.
"While our asset base and shareholders equity grew in the second quarter other key areas of our business did suffer. Had Mr. Dhuri taken the time to properly evaluate our company's financial and operating position he may or may not have come to a different conclusion. The conclusion I come to is that any rating Mr. Dhuri now gives the company lacks credibility, and should be discounted in light of his arbitrary and capricious conduct in dealing with our company."
About CorpHQ, Inc.
CorpHQ, Inc. provides management services to high caliber early stage companies. The company voluntarily reports all financial information and material events on www.pinksheets.com.
Forward-Looking Statements
Any statements made in this press release that are not based on historical facts are "forward-looking statements", as such term is defined in the Private Litigation Reform Act of 1995. Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data; forward-looking statements are inherently uncertain. We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2005 Voluntary Annual Report and subsequent Voluntary Quarterly Reports, and in particular the discussions contained under "Risk Factors."
SOURCE: CorpHQ, Inc.
CorpHQ, Inc. Investor Relations Gregg Davis, 310-540-8851 gregg*corphq.com
Copyright Business Wire 2006
Posted by will on :
He should have never been in the position to be criticized by some gumshoe anal-ist. If his revenues didn't suffer, as he put it, he wouldn't be defending himself. Whether the anal-ist talked to someone or not is irrelevent, the financials speak for themselves.
I still like it to flip though.
Posted by Superbee383 on :
I'm not sure I agree, Will. If some "anal-ist" (LOL.. I like that) were to downgrade my company, when I knew it wasn't suffering, you better believe I'd be defending myself! In my opinion, it sounds like Dhuri is just trying to smear COHQ's reputation. The 3rd and 5th paragraphs, in MY opinion, tell the story.