Allstocks.com's Bulletin Board
Micro Penny Stocks, Penny Stocks Under $0.10 Warning Model Management Inc. (OTC BB: WNMI) $0.003 (Page 24)
|
UBBFriend: Email This Page to Someone! This topic is 24 pages long: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 |
next newest topic | next oldest topic |
Author | Topic: Warning Model Management Inc. (OTC BB: WNMI) $0.003 |
NoMore925 Member |
posted July 21, 2004 18:25
Oh, one more thing, I lost money on this stock, or at least I will if I sell now, but have nobody to blame but MYSELF!! I hold, flipping occasionally, and make money on other stocks in the meantime. The company, mm's, paid pumpers, et. al are not to blame for any of this and law suits are not the solution. Only the SEC can change the rules of the game so until then, guess we just gotta play the game on the scoundrel's terms and try to stay one step ahead when trading. IP: Logged |
Bob-on-the-golf-course Member |
posted July 21, 2004 18:25
I disagree with your feeble attempt to justify any deliberate scheming by WNMI directors, if that has in fact happened. How dare you take the side of those who are out to defraud the public?
IP: Logged |
NoMore925 Member |
posted July 21, 2004 18:35
quote:
IP: Logged |
Bob-on-the-golf-course Member |
posted July 21, 2004 18:46
The position you take seems to suggest that you don't want someone to sue if they were trying to make a legitimate profit, yet got taken to the cleaners by someone who had more extensive knowledge, had greater resources, and had accomplices allowing them to defraud the public at large. Do I understand your position correctly?
[This message has been edited by Bob-on-the-golf-course (edited July 21, 2004).] IP: Logged |
NoMore925 Member |
posted July 21, 2004 19:14
Bob, many made money on WNMI, right? Ok, many also lost, right? Why is that? Because the ones who made money bought at the bottom of the pump and sold closer to the top. Once the pump is over, it all comes toppling down. It leveled off between .01 and .02 and as I stated in a previous post, I bought in around that area, especially after Warning was featured on tv's Faking It. I thought for sure this had upward potential from there which was my mistake. This thing rose out of dirt overnight all the way to .05 with no numbers to back it up yet, just on pure speculation. Of course it could not maintain even the level I bought in at, and I should have known that and waited. Am I a bagholder? Yes, of course. I realize that. But not because of anything the company has done. My timing was awful is all. I learn for next and become a BETTER trader, not a BITTER trader! Is the company in on the manipulation in conjunction with the pumping and financing? Yes. But if I want to avoid all of that, I'd be trading Microsoft and GE instead of WNMI, TSBB and ACSH and all the other otc's and pinks which I've lost AND made money on. I will tell you this though, if the PR's themselves that Warning released were not accurate, that is definitely another matter. For example, if in fact Paris Hilton was never really exclusively represented by them in the first place, I'd say we need to take action as shareholders. But if all the PR's are true and accurate and happed to be purposely released and timed in a way that is typical of a pump and dump sheme with the company behind the wheel the entire time, then no, no lawsuit needed there just better trading technique. IP: Logged |
Bob-on-the-golf-course Member |
posted July 21, 2004 19:50
The issue I'm most concerned with is that you seem to think this is all OK. This is not just a matter of market timing. It is a matter of market manipulation through fraud, deceptive business practices, and collusive activity. You start by saying many made money and many lost. I disagree. The few who made gads of money did so knowing that they were perpetrating a scheme on an unsuspecting public, the majority of whom lost money. Further, the management of any corporation is charged with a duty to work for the best interests of those who own it, ie. the shareholders. With that comes a fiduciary responsibility to be honest and work in our best interests not against us. Tell me, how were we benefitted by their actions, if the allegations are true? If some one you knew was run over by a reckless driver, maybe they shouldn't have been in the street, but shouldn't the driver be brought to justice? How would you feel if you knew the driver had been aiming for them, trying to run the people over? This puts the issue in a different light, as I see it. PS This will be my last response. [This message has been edited by Bob-on-the-golf-course (edited July 21, 2004).] IP: Logged |
Been_there_done_that Member |
posted July 21, 2004 20:45
quote: Best post I have read ANYWHERE in a long time. Great analogy with the reckless driver. I agree 100%! When the officers of a company accept those positions, they are agreeing to work in the best interest of the shareholders. If they disregard their fiduciary responsibility to those who pay their salaries, that would be negligent and cause for termination. If they conspire to defraud the shareholders, that is another matter entirely. In that case, their activity is not just negligent... it's unlawful. Further, it assuredly violates the terms of their employment (standard contract) and may constitute legal cause for forfeiture of salary and bonuses retroactively in addition to other monetary penalties. Cases like this often end up in criminal court... not just civil court. This, of course, assumes the allegations are true. These individuals are innocent until proven guilty, just like the rest of us. IP: Logged |
e2brutay75 Member |
posted July 23, 2004 16:02
Um... so I've been holding WNMI since .018. The huge drop I thought was for the most part due to the dulition of shares. What in the world is all this lawsuit stuff? I believed in the long term potentail of the compnay for a while now. Even is they did dilute the share count, my opnion was that in 6 months to a year it wouldn't really matter. I've lost quite a bit of money on this one. However, are we all giving up on it? What say you guys? Thanks in advance... e2 IP: Logged |
Bob-on-the-golf-course Member |
posted July 23, 2004 18:01
Personally, I was in for a while. Then, I got out after I lost a little bit of money, but it could have been alot worse. My guess is things are going to drift until we see 1) the next 10Q, 2) more info on this lastest development, or 3) a large buyer or seller moves in for whatever reason and moves the price one way or the other. The price of the stock is about the same place it was 4 months ago, but now we have added dilution, a potential stock scandal, and the addition of Paris Hilton. (The way I count that, it's 2 negatives and 1 positive.) I see this stock as looking for a direction to go, and when it goes, it may move big. But that could be up or down. As for me, I watch this stock constantly, but I'm not going to make any moves until I see something that catches my attention.
IP: Logged |
e2brutay75 Member |
posted July 28, 2004 13:39
Well at this point I am down so much $ in this one... I may as well hold. I'm down about $3000. And Selling at this point would be futile. So I may as see what happens after the vote. Personally I voted against the share increase of course. Anyone else in a wait and see position like me? Or was everyone smart enough to get out lol... e2 IP: Logged |
trippy Member |
posted July 28, 2004 15:41
quote:
IP: Logged |
joz017 Member |
posted July 28, 2004 15:51
IMO, with all the new contracts they have signed in 2004 (Paris Hilton, Malia Jones, photography managment, Dennis Rodman, the show on TLC, etc.) we should have a good 10Q soon. I know we have the law suit, and the dilution vote playing against this company, but i really think a good quarter result should push this up north... If the MMs could leave us alone!!! I own almost 350k stocks at an average pps of 1.2 cents.. Joe IP: Logged |
furriog Member |
posted July 28, 2004 23:20
When does the 10q comeout? IP: Logged |
Upside Member |
posted July 29, 2004 23:27
Is anyone still playing this? This is now below the Paris Hilton signing price. A piece of Paris for .002 is almost too much to resist! IP: Logged |
blue_in_MI Member |
posted August 05, 2004 10:04
who woke this one up today? after being dead as a doornail, now running past .003 on no news that i can see. odd IP: Logged |
Bob Frey Member |
posted August 05, 2004 10:26
http://biz.yahoo.com/prnews/040804/law106_1.html IP: Logged |
WinsumLosesum Member |
posted August 05, 2004 16:57
Warning Model Mgmt Inc (OTC BB: WNMI) Last Update: 4:55:00 PM ET Aug 5, 2004 Special Meeting of Shareholders for Warning Model Management, Inc. Held as Planned LOS ANGELES, Aug 5, 2004 /PRNewswire-FirstCall via COMTEX/ -- Warning Model Management Inc. (WNMI) announces today that it held the Special Meeting of Shareholders as planned. Two of the four proposals passed. Proposal 1 -- Passed: to approve the amendment of the Company's Certificate of Incorporation to increase the authorized number of common stock from 800,000,000 to 2,000,000,000. Proposal 2 -- Passed: to approve the amendment of the Company's name to Warning Management Services, Inc. Proposal's 3 & 4 were not passed because the numbers of responded votes did not represent a quorum. Proposal 3 -- the Company's 2004 Employee Stock Option Plan. Proposal 4 -- concerning the authorization for the company to issue up to 20,000,000 shares of Preferred Stock. "The passing of Proposal's 1 & 2 will allow the Company to move swiftly in future dealings and offers a comfortable position for the Company to move forward," said Brian Bonar, Warning's Chairman and CEO. About Warning Model Management, Inc. Warning Model Management, Inc. (WNMI) was founded in 1998 and headquartered in Los Angeles, California. WNMI's wholly owned subsidiary Warning: Model Management, llc (WAMM) is a full-service model and talent agency. The focus of Warning Models is to develop and supply both male and female models, for a variety of assignments, including, but not limited to; fashion editorials, product catalogues, personal appearances, newspaper, advertisements, posters, websites, billboards, bus sides, look books and many other media outlets. The company also provides models and actors for all forms of Television and Film work as well as industrial videos. Warning Photography represents some of the world's top photographers. They shoot assignments for magazines and advertising as well as movie posters, album covers and Billboards. Warning Management currently manages the endorsements and product licensing of a select group of high profile celebrities. Brian Bonar is Chairman of Warning Model Management, Inc. (WNMI) and is also Chairman of two other publicly traded companies, Dalrada Financial Corporation (DRDF) located in San Diego, which provides a variety of professional services related to human resources to businesses, and Quik Pix, Inc. (Pink Sheets: QPIX), a leading visual marketing support firm located in Buena Park, California. Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the U.S. Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K for the year ended Dec. 31, 2002, and its subsequent filings with the SEC. For further information please contact: Brian Bonar, Chief Executive Officer of Warning Model Management, Inc., +1-310-860-9969 SOURCE Warning Model Management, Inc. Brian Bonar, Chief Executive Officer of Warning ModelManagement, Inc., +1-310-860-9969 Copyright (C) 2004 PR Newswire. All rights reserved. IP: Logged |
WinsumLosesum Member |
posted August 16, 2004 09:33
Warning Model Mgmt Inc (OTC BB: WNMI) Last Update: 9:30:00 AM ET Aug 16, 2004 Warning Model Management Actively Seeking Delisting From Berlin Stock Exchange LOS ANGELES, Aug 16, 2004 /PRNewswire-FirstCall via COMTEX/ -- Warning Model Management Inc. (WNMI) announces today that it has retained German legal counsel to handle the removal of WNMI shares from being traded on all German Stock Exchanges. The Company has been contacted by many shareholders about their concerns of the stock value due to this activity. "The early investigations of legal counsel have revealed that a total of 120,000 shares have been traded on the German Exchanges," said Brian Bonar, Warning's Chairman and CEO. "Legal Counsel has advised that the best solution is to offer to repurchase the stock at 0.02 Eur per share with the agreement that exchanges will remove WNMI." There can be no certainty that this proposal will be acceptable. The company will issue a further PR once the conclusion to the proposal has been reached. About Warning Model Management, Inc. Warning Model Management, Inc. (WNMI) was founded in 1998 and headquartered in Los Angeles, California. WNMI's wholly owned subsidiary Warning: Model Management, llc (WAMM) is a full-service model and talent agency. The focus of Warning Models is to develop and supply both male and female models, for a variety of assignments, including, but not limited to; fashion editorials, product catalogues, personal appearances, newspaper, advertisements, posters, websites, billboards, bus sides, look books and many other media outlets. The company also provides models and actors for all forms of Television and Film work as well as industrial videos. Warning Photography represents some of the world's top photographers. They shoot assignments for magazines and advertising as well as movie posters, album covers and Billboards. Warning Management currently manages the endorsements and product licensing of a select group of high profile celebrities. Brian Bonar is Chairman of Warning Model Management, Inc. (WNMI) and is also Chairman of two other publicly traded companies, Dalrada Financial Corporation (DRDF) located in San Diego, which provides a variety of professional services related to human resources to businesses, and Quik Pix, Inc. (Pink Sheets: QPIX), a leading visual marketing support firm located in Buena Park, California. IP: Logged |
ohdagagain Member |
posted August 16, 2004 09:35
Good drop it and lets run ------------------ IP: Logged |
ohdagagain Member |
posted August 17, 2004 13:55
what happened to this one all of a sudden? ------------------ IP: Logged |
glassman Member |
posted August 17, 2004 14:05
itsa democrat plot to ruin the republican party..LOL... arogance is NOT a virtue IP: Logged |
WinsumLosesum Member |
posted August 23, 2004 08:59
Form 10QSB for WARNING MODEL MANAGEMENT INC 23-Aug-2004 Quarterly Report Results of Operations Three Months Ended June 30, 2004 Compared to June 30, 2003 Revenue for the three month period ended June 30, 2004 was $504,893 as compared to $562,133 for the same period in 2003, or a decrease of $57,240 or 10%. The decrease is mainly attributable to a reduction in the company's business from Model fees and Commercial commissions which is a result of a tighter model management market due to poor economic conditions, which led to lower marketing and advertising spending during the period. Gross profit for the three-month period ended June 30, 2004 was $141,395 as compared to $305,240 for the same period in 2003, or a decrease of $163,845 or 54%. This decrease in gross profit was attributable mainly to the reduction in Model fee revenues and related costs plus the addition of the photography line. Operating expenses for the three-month period ending June 30, 2004 were $643,233 as compared to $438,303 for the same period in 2003, or an increase of $204,930 or 47%. The increase in operating expense was mainly attributable to the following: 1) an increase in salaries and wages of $ 205,337. The increase in salaries is mainly attributable to a $100,000 bonus payment to Steve Chamberlin, with the remaining increase being from salary and consulting increases. The decrease in general and administrative expenses for the three month period ending June 30, 2004 was $13,273 and is attributable mainly to a decrease in bad debt expense. The net (loss) for the Company for the three-month period ended June 30, 2004 was $(763,948) compared to $(254,928) for the year ending June 30, 2003 for an increase of $(509,020) or 200%. Six Months Ended June 30, 2004 Compared to June 30, 2003 Revenue for the six month period ended June 30, 2004 was $858,843 as compared to $1,027,407 for the same period in 2003, or a decrease of $168,564 or 16% . The decrease is mainly attributable to a reduction in the company's business from Model fees and Commercial commissions, which is a result of a tighter model management market due to poor economic conditions, which led to lower marketing and advertising spending during the period. Gross profit for the six-month period ended June 30, 2004 was $211,183 as compared to $533,250 for the same period in 2003, or a decrease of $322,067 or 60%. This decrease in gross profit was attributable mainly to the reduction in Model fee revenues and related costs plus the addition of the photography line. Operating expenses for the six-month period ending June 30, 2004 were $1,696,633 as compared to $1,085,136 for the same period in 2003, or an increase of $611,497 or 56%. The increase in operating expenses were mainly attributable to: The increase in general and administrative expenses of $403,022 is primarily attributable to an increase in consulting fees of $565,057, an increase in bank service fees of $11,707, an increase in travel of $6,516, an increase in health insurance of $7,520 offset by a decrease in allowance for doubtful account of $154,050 and attorney fees of $41,250. We have been able to pay for the material amount of the consulting services through the issuance of common stock in lieu of cash. 6
Other income of $51,275 increased $33,727 over the same period the prior year. The net (loss) for the Company for the six-month period ended June 30, 2004 was $(1,914,323) compared to $(782,431) for the year ending June 30, 2003 for an increase of $(1,131,892) or 145%. Liquidity and Capital Resources Six- Months Ended June 30, 2004 Net change in cash used in operating activities for the six-month period ending June 30, 2004 was $(712,291), which mainly consisted of the net loss of $1,914,323 plus the following: 1) gain on forgiveness of debt of $41,780, Net cash provided by (used in) investing activities was ($638) and ($2,304) for the six month period ending June 30, 2004 and 2003, respectively. This change is due to a decrease in purchases of property and equipment. Net cash provided by financing activities was $1,187,005 and $(170,242) for the six month period WNMI's revenues have been insufficient to cover operating expenses. Therefore, WNMI has been dependent on private placements of its common stock and issuance of convertible notes in order to sustain operations. In addition, there can be no assurances that the proceeds from private or other capital will continue to be available, or that revenues will increase to meet WNMI's cash needs, or that a sufficient amount of WNMI's common stock or other securities can or will be sold or that any common stock purchase options/warrants will be exercised to fund the operating needs of WNMI. Over the next twelve months an addition of $300,000 will be needed to sustain the business. Management is of the opinion that sufficient working capital will be obtained from operations and external financing to meet WNMI's liabilities and commitments as they become payable. WNMI has in the past relied on private placements of common stock securities, and loans from private investors to sustain operations. However, if WNMI is unable to obtain additional funding in the future, it may be forced to curtail or terminate operations. 7
As shown in the accompanying Financial Statements, the Company has incurred recurring losses Funding Event On April 23, 2004, WNMI entered into a Subscription Agreement for $810,000, one year convertible debentures; 500,000 to Alpha Capital Aktiengesellschaft, $100,000 to Longview Fund, LP, $100,000 to Ellis International Ltd., and $110,000 to Steve "Sagi" Adirim. There is a 30% premium of $243,000 in the aggregate on these notes. Additionally, in conjunction with these convertible debentures, WNMI issued warrants to purchase WNMI common stock to Alpha Capital Aktiengesellschaft (50,000,000 shares), Longview Fund, LP, (10,000,000 shares), Ellis International, Ltd., (10,000,000 shares), Steve "Sagi" Adirim (11,000,000) and Bi-Coastal Consulting Corporation (10,797,300 shares). The transaction closed on April 23, 2004. The conversion price per share of the above debentures is equal to $.0075. Should the company choose to make the monthly payment in stock in lieu of cash, such common stock will be valued at the lesser of (i) the average closing bid prices of the Common Stock during the 10 day lookback Period immediately preceding the relevant payment due date, or (ii) $.0075 per share. The exercise price of the warrants is $0.025 and they mature in 5 years. For the rest of it, see: [This message has been edited by WinsumLosesum (edited August 23, 2004).] IP: Logged |
blue_in_MI Member |
posted August 29, 2004 08:01
when their last Q came out, it was so laughably bad that i couldn't imagine they could do much worse. i was wrong - this last one is downright pathetic. the capper is that they blame it all on "poor economic conditions" and - in the midst of all the red ink and massive mismanagement - they had the audacity to give their worthless management a $100k bonus!! maybe the captain of the titanic also deserved a bonus for making good time across the atlantic. IP: Logged |
WWJD-thru-me Member |
posted August 29, 2004 17:57
Blue in Mich wrote: when their last Q came out, it was so laughably bad that i couldn't imagine they could do much worse. i was wrong - this last one is downright pathetic. the capper is that they blame it all on "poor economic conditions" and - in the midst of all the red ink and massive mismanagement - they had the audacity to give their worthless management a $100k bonus!! maybe the captain of the titanic also deserved a bonus for making good time across the atlantic. --------------------------------------------- Great Post!!!! Like the Titanic comment so much and you are so right about the Q. I couln't believe they could make that little bit of income with the clients they have. This is unbelievable. I had sold the rest of the shares I had at a loss a long time ago (as the price was slipping down more and more) except for 1000 shares to keep an eye on and see if this company ever does anything. It doesn't look likely. They had a chance with the funds they raised and they didn't get the job done. IMO -Debi IP: Logged |
ohdagagain Member |
posted August 30, 2004 07:29
Press Release Source: Warning Model Management, Inc.
ESI provides staffing services and business processing services to municipalities and small businesses principally in Southern California. On an annualized basis, management estimates the revenue contribution from ESI to be $12 million. ``We are certainly very pleased to have the letter of intent in hand and moving forward with the acquisition,'' said Brian Bonar, Warning's Chairman and CEO. ``ESI is expected to provide to us a significant increase in revenues and profits,'' said Bonar. ``We have been aggressively seeking a company like ESI and are very pleased to have found ESI, as they are a perfect fit,'' he added. This acquisition enables Warning to enter the staffing business as part of its strategic plan. IP: Logged |
blue_in_MI Member |
posted August 30, 2004 08:04
ha hahaha, what the heck is WNMI doing?! acquiring a company that deals with - "municipal management consulting, civil engineering, land surveying, public finance, building safety, asset management, and program and construction management to public agencies." ?!?!?! they just released yet another train-wreck Q, and they are flat broke. so - let's go out and acquire a company where we know nothing about the business. i could almost sort of see the argument for trying to expand in modeling, but - building safety? asset management? gee, like if i'm a business owner who puts up a building, i'm really going to think "you know, i should have that cheesy paris hilton company inspect my building for safety. and then i should have them manage my assets, because they've done such a good job managing their own finances". yeah right. the only thing this company is any good for is - a laugh, and losing money. aside from earning $ for their management - big bonuses for "a job well done". what a joke, this company is simply pitiful. focus on fixing the incredibly broken core business, not on wasting money you don't have on something out in left field. IP: Logged |
WinsumLosesum Member |
posted September 01, 2004 08:11
(I highlighted in bold, what wnmi should be getting a piece of.) September 01, 2004 07:00 AM US Central Timezone Paris Hilton Launches New Jewelry Line Exclusively on Amazon.com SEATTLE--(BUSINESS WIRE)--Sept. 1, 2004-- Hilton's First Commercial Product Line is Featured in an Online Boutique that Includes the Entire 10-Piece Collection and Exclusive Content Amazon.com, Inc. (Nasdaq:AMZN) today announced the launch of the Paris Hilton Collection, a line of jewelry designed by Paris Hilton and available exclusively at the Amazon.com Jewelry Store. Amazon has created a special Paris Hilton Boutique, www.amazon.com/parishilton, where customers can see photographs of Hilton wearing the designs and detailed product images and descriptions. "I grew up surrounded by the finest fashion and jewelry designs, and I really wanted to create a line that was beautiful and very high quality, yet affordable and available to everyone," said Paris Hilton. "Amazon.com is the perfect place to launch the line because customers everywhere can shop for it -- whether they live in LA or New York or a very small town. This jewelry is for the heiress in everyone." The 10-piece collection includes necklaces, earrings, a charm bracelet, an ankle bracelet, a belly chain and a belly bar. Priced from $15 to $95, the designs are crafted from the highest quality sterling silver and set with Swarovski crystals. The line is inspired by Hilton's personal style -- feminine, flirtatious and glamorous -- with heart, star and cross motifs. "The Paris Hilton Collection is a wonderful addition to the Amazon.com Jewelry Store," said Eric Broussard, Amazon.com's vice president of Jewelry & Watches. "The boutique on Amazon.com offers a blend of entertainment and shopping that customers can't find elsewhere, including beautiful images of Paris wearing the jewelry that could be from the pages of a fashion magazine, as well as a personal video message from Paris." Renowned fashion photographer and artist Marc Baptiste created the images of Hilton wearing the designs that are now featured in the Amazon.com boutique. Behind-the-scenes video footage of the photo shoot is available for viewing in the boutique, as well as footage of Hilton working in the design studio. Hilton also recorded a personal video message to Amazon.com shoppers who visit the boutique. Every piece from the Paris Hilton Collection is delivered to customers in Amazon.com's signature midnight-blue velvet jewelry pouches, and includes a keepsake card with a note from Paris Hilton featuring her signature tiara logo. While shopping the Paris Hilton Boutique, customers can also purchase "The Simple Life" DVD and pre-order "Confessions of an Heiress," Hilton's new book slated for release this September. To visit the Paris Hilton boutique at Amazon.com, go to www.amazon.com/parishilton. On the launch day of her new line in Amazon.com's Jewelry Store, Hilton spoke to reporters from Miami, where she is shooting her latest movie, "National Lampoon's Pledge This!" Her other projects include a prominent role in "House of Wax," a movie from Joel Silver, producer of "The Matrix", and a debut CD slated for release this fall. [This message has been edited by WinsumLosesum (edited September 01, 2004).] IP: Logged |
WinsumLosesum Member |
posted September 09, 2004 08:14
Warning Model Mgmt Inc (OTC BB: WNMI) Last Update: 7:00:00 AM ET Sep 9, 2004 Warning Management Services, Inc. Completes Acquisition of ESI, Inc. Staffing Company Expected to Contribute Over $12 Million in Annual Revenues LOS ANGELES, Sep 9, 2004 /PRNewswire-FirstCall via COMTEX/ -- Warning Management Services, Inc. (WNMI) today announced that it has completed its acquisition of all of the outstanding shares of capital stock of ESI (Employment Systems, Inc.), a California corporation. The agreement reached between Berryman & Henigar Enterprises, previous owner of ESI, and Warning Management will allow Warning to establish its position in the temporary staffing industry. "We are very pleased that we are now in a position to expand the acquired company's knowledge with the prospect of becoming a significant player in providing temporary staffing to the entertainment industry," said Brian Bonar, Warning's Chairman and CEO. This acquisition is in keeping with Warning's strategic plan to leverage its resources and diversify into other profitable businesses in the entertainment industry. ESI provides staffing services and business processing services to municipalities and small businesses principally in Southern California. On an annualized basis, management estimates the revenue contribution from ESI to be $12 million. "ESI is expected to provide to us a significant increase in revenues and profits," said Bonar. "We have been aggressively seeking a company like ESI and are very pleased to announce the completion of this acquisition," he added. Increased revenues for the quarter ending September 30, 2004 will be approximately $750,000. For the quarter ending December 31, 2004 revenues will increase by approximately $3 million. About Warning Management Services, Inc. Warning Management Services, Inc. (WNMI) headquartered in Los Angeles, California, was founded in 1998 and is a full-service model and talent agency. The focus of Warning Management Services, Inc. is to develop and supply both male and female models, for a variety of assignments, including, but not limited to; fashion editorials, product catalogues, personal appearances, newspaper, advertisements, posters, websites, billboards, bus sides, look books and many other media outlets. The company also provides models and actors for all forms of Television and Film work as well as industrial videos. Warning Photography represents some of the world's top photographers. They shoot assignments for magazines and advertising as well as movie posters, album covers and Billboards. Warning Management currently manages the endorsements and product licensing of a select group of high profile celebrities. Brian Bonar has been Chairman of Warning Management Services, Inc. since February, 2004 and is also Chairman of two other publicly traded companies, Dalrada Financial Corporation (DRDF) located in San Diego, which provides a variety of professional services related to human resources to businesses, and Quik Pix, Inc. (Pink Sheets: QPIX), a leading visual marketing support firm located in Buena Park, California. IP: Logged |
longfellow Member |
posted September 09, 2004 13:02
I'll be updating warninginfo .com in the next day or so, with info about the acquisition. IP: Logged |
WinsumLosesum Member |
posted September 27, 2004 07:43
Form 8-K for WARNING MODEL MANAGEMENT INC ------------------------------------------------------------------------ 27-Sep-2004 Change in Assets, Financial Statements and Exhibits
On September 21, 2004, Warning Management Services, Inc, ("WNMI"), formerly Warning Model Management, Inc., received the final documents from Berryman & Henigar Enterprises, a Nevada corporation, for the purchase of all the outstanding shares of Employment Systems, Inc ("ESI"). a California corporation. The acquisition was secured by a purchase price of $1,500,000 of which $750,000 was a cash payment and the remaining $750,000 was paid in the form of a promissory note payable in 12 equal installment of $60,000 and a final payment of $30,000 on the 13th month. In addition to purchasing the outstanding shares, WNMI received all the assets owned or leased by ESI and used in the business and certain liabilities of ESI. ESI provides staffing services and business processing services to municipalities and small businesses principally in Southern California. On an annualized basis, management estimates the revenue contribution from ESI to be $12 million. ESI is expected to provide WNMI a significant increase in revenues and profits. IP: Logged |
betting babe Member |
posted September 27, 2004 10:26
Warning Management Services, Inc. Announces Name Change on Nasdaq and Filing 8-K Regarding ESI Acquisition 9/27/2004 9:30:00 AM LOS ANGELES, Sep 27, 2004 /PRNewswire-FirstCall via COMTEX/ -- Warning Management Services, Inc. ( WNMI ) announces today that NASDAQ will complete name change today, symbol to remain the same. The company makes this release to clarify the ambiguity surrounding our stock symbol and name change, raised by our shareholders. Additionally Warning filed the 8-K regarding the previously announced acquisition of ESI, now being completed in full. About Warning Management Services, Inc. Warning Management Services, Inc. ( WNMI ) was founded in 1998 and headquartered in Los Angeles, California. WNMI's wholly owned subsidiary Warning: Model Management, Inc. (WAMM) is a full-service model and talent agency. The focus of Warning Models is to develop and supply both male and female models, for a variety of assignments, including, but not limited to: fashion editorials, product catalogues, personal appearances, newspaper, advertisements, posters, websites, billboards, bus sides, look books and many other media outlets. The company also provides models and actors for all forms of Television and Film work as well as industrial videos. Warning Photography represents some of the world's top photographers. They shoot assignments for magazines and advertising as well as movie posters, album covers and billboards. Warning Management currently manages the endorsements and product licensing of a select group of high profile celebrities. Brian Bonar is Chairman of Warning Management services, Inc. ( WNMI ) and is also Chairman of two other publicly traded companies, Dalrada Financial Corporation ( DRDF ) located in San Diego, which provides a variety of professional services related to human resources to businesses, and Quik Pix, Inc. (Pink Sheets: QPIX), a leading visual marketing support firm located in Buena Park, California. Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the U.S. Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K for the year ended Dec. 31, 2002, and its subsequent filings with the SEC. For further information, please contact Brian Bonar, Chief Executive Officer of Warning Management Services, Inc., +1-310-860-9969. SOURCE Warning Management Services, Inc. Brian Bonar, Chief Executive Officer of Warning Management
IP: Logged |
betting babe Member |
posted September 27, 2004 11:41
so, the answer is yes, i am still holding this one (whiz asked me in the Q forum)... for some unknown reason i never sold it. suppose i have some hope for it's future- it's not like the agency is going to go out of business- so it's just money that sits there. less money than it was for sure, but like i said the company ain't closing. side note on that- and what disturbed me more is that a couple of the girls said they were told they couldn't work til they lost weight. these are size 4/6 healthy girls. so i guess warning is going for that ultra-thin feed-me editorial look... ~BB [edit: cant type need coffee] [This message has been edited by betting babe (edited September 27, 2004).] IP: Logged |
whizknock Member |
posted September 27, 2004 12:02
quote: Thanks for your answer! My belief is WNMI may have to go for some more rough weather before things begin looking up. Good luck to you on this one ------------------ IP: Logged |
longfellow Member |
posted September 27, 2004 16:14
Thanks for the input BB, as always. It's never seemed to me that modeling revenues are what's promising about this company. I'm an investor because of the potential product licensing deals, which to my mind are what can take the company to the next level. The Malia products are a good start and product testing is supposed to be finished by the end of the year, hopefully for a roll-out in early 2005. I'm hoping to see a lot more of those kind sof deals now that the company is on more solid financial footing with the acquisition. Time will tell. IP: Logged |
longfellow Member |
posted September 28, 2004 14:07
Warning Photo Announces New Jobs for Paris Hilton, Photography by Marc Baptiste Tuesday September 28, 12:08 pm ET LOS ANGELES, Sept. 28 /PRNewswire-FirstCall/ -- Warning Management Services, Inc. (OTC Bulletin Board: WNMI - News) announces today that Marc Baptiste, of Warning Photo, shot three new Paris Hilton jobs. "We are very pleased with the visibility and prestige of these new jobs for Paris," says Brian Bonar. "Coupled with the photographic expertise of Marc Baptiste, these new jobs will heighten the awareness of both Paris and Marc, ultimately furthering Warning Management Services, Inc.'s presence within our industry," Bonar added. IP: Logged |
WinsumLosesum Member |
posted September 29, 2004 09:33
Warning Mgmt Svcs Inc (OTC BB: WNMI) Last Update: 9:30:00 AM ET Sep 29, 2004 Warning Photo Announces the Representation of Kymberly Marciano LOS ANGELES, Sep 29, 2004 /PRNewswire-FirstCall via COMTEX/ -- Warning Management Services, Inc. (WNMI) announces today that it has added the prominent children's photographer Kymberly Marciano to its Warning Photo's roster. Following a successful ten-year career as a fashion model and drawing from a diverse and worldly childhood in both the United Stated and Europe, Kymberly Marciano has found her true passion in photography. Raised in an artistic family, her father an architect and mother a painter, her knowledge of the creative industry is apparent in her meticulous eye for detail and imagery. A mother of two, her affection for children and motherhood translates into her photography as well as her clients' needs. Her incredible taste and vision is constantly growing, yet never compromising her artistic integrity. Over the past two years she has lent her talent to such prestigious advertising campaigns as 2005 Ralph Lauren campaign shot in Nantucket and the Guess kid's campaign for the past 2 years. Her editorials have appeared in the Avant Garde: "Kidswear and Vogue Bambini." Warning Photo currently represents Marc Baptiste, Brian Bowen Smith, Randall Slavin and Olaf Heine. "With more talented photographers joining our team, we are anticipating great things," says Brian Bonar. "Warning Photo roster is becoming a force to be reckoned with," Bonar added. About Warning Management Services, Inc. Warning Management Services, Inc. (WNMI) was founded in 1998 and headquartered in Los Angeles, California. WNMI's wholly owned subsidiary Warning: Model Management, Inc. (WAMM) is a full-service model and talent agency. The focus of Warning Models is to develop and supply both male and female models, for a variety of assignments, including, but not limited to: fashion editorials, product catalogues, personal appearances, newspaper, advertisements, posters, websites, billboards, bus sides, look books and many other media outlets. The company also provides models and actors for all forms of television and film work as well as industrial videos. Warning Photography represents some of the world's top photographers. They shoot assignments for magazines and advertising as well as movie posters, album covers and billboards. Warning Management currently manages the endorsements and product licensing of a select group of high profile celebrities. Brian Bonar is Chairman of Warning Management Services, Inc. (WNMI) and is also Chairman of two other publicly traded companies, Dalrada Financial Corporation (DRDF) located in San Diego, which provides a variety of professional services related to human resources to businesses, and Quik Pix, Inc. (Pink Sheets: QPIX), a leading visual marketing support firm located in Buena Park, California. IP: Logged |
betting babe Member |
posted September 29, 2004 20:33
who wants to surmise that Kymberly Marciano is a member of the marciano family, FOUNDERS of GUESS JEANS (& i think daughter of) Maurice Marciano? gee, think Warning could bring in some NEW business??! ~BB IP: Logged |
blue_in_MI Member |
posted September 30, 2004 05:57
man, talk about being in the doghouse - even PRs (once the lifeblood of wnmi's long-ago run) just cause this thing to dump even more. if i'm not mistaken, the market cap should be roughly a little over $1M about now? almost looks oversold, but - eh, i just don't trust this company farther than i could throw it, i'm steering clear. when i saw the big bonus bonar gave himself, i was so disgusted that i took them off my watchlist permanently. they will likely have more revenue in future Q's with the acquisition, but how much you wanna bet that their losses increase right along with their revenue? that's my bet, at least IP: Logged |
longfellow Member |
posted September 30, 2004 13:43
The last of the CD holders are converting right now, that's why the low PPS. That's a good thing in my book. Until the conversions are finished, I don't expect a significant rise. IP: Logged |
Bob-on-the-golf-course Member |
posted October 07, 2004 09:12
Well, I hope I don't kick myself later, but I think it's about time to get back in-especially at these prices. I got 1 mil. @ .0012. Bob IP: Logged |
ct1074 Member |
posted October 08, 2004 15:41
Good 4 u. 20 mill vol in last 2 hrs. HMMMM IP: Logged |
longfellow Member |
posted October 19, 2004 00:36
Talk about a quiet spell. At least we seem to have found a solid bottom. IP: Logged |
Marva18 Member |
posted November 08, 2004 15:23
Anyone watching this one today? Huge movement and volume!! IP: Logged |
NoMore925 Member |
posted November 09, 2004 09:58
Running up nicely on high volume this morning IP: Logged |
Love the Market Member |
posted November 09, 2004 20:46
I like WNMI for the next few days or maybe as long as a week. I bought in just before the closing bell today and think it could go from .003 to .03-.05 or more based on the momentum and volume and rumors that Guess may be buying them. All, jmo IP: Logged |
Ric Member |
posted November 09, 2004 20:48
My wife was watching the new Manhunt TV show on Bravo. Tonights guest judge is a Warning model agent. IP: Logged |
sunny Member |
posted November 09, 2004 22:43
Hey Love the Market and Ric! I have a question...what's up with this rumor of Guess buying them? Haven't seen or heard about that...any other info/merit to this rumor? Where did you hear it? Just curious...thought about buying in too. Just wanted a little more info first. Hope you guys are doing well this evening. Talk to you tomorrow. Good luck! IP: Logged |
Ric Member |
posted November 10, 2004 10:01
Looking for bottom here. Might be a very good buying op if the rumors come true. RSI was at 74 so knew there was going to be a little of this but not this much. There is a lot sitting at .002 on level II so I think that may end up bottom. I would love to buy lower myself, lol. Remember QBID did this last year before its big run. 4 mini runs from .0009 to .0027 thru .0036 and back to .0009. Ric IP: Logged |
longfellow Member |
posted November 19, 2004 21:11
In case anyone hasn't noticed, this has been a good week. IP: Logged |
This topic is 24 pages long: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 All times are ET (US) | next newest topic | next oldest topic |
© 1997 - 2004 Allstocks.com. All rights reserved.
Powered by Infopop www.infopop.com © 2000
Ultimate Bulletin Board 5.47a