The Board unanimously approved, by roll call, the following items under the Consent Calendar...
5. Authorization of the Purchase of Twelve Additional Ticket Vending Machines (TVM) with Ventek International, Inc. at a Cost of $800,000. {Resolution 2003-40}....
Posts: 7504 | Registered: Dec 2003
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posted
has been awhile since i researched park-by-phone, am not exactly sure what exact part clancy collects $ on. in reviewing the website, looks like there is a $6 signup fee and a 10% convenience charge. is this clancy's typical cut, or are there other parts i'm missing?
so if i go to a ventek machine and do pay by phone, i am trying to understand the data flow. clearly it wirelessly connects to some network running qnx or whatever that either does a credit card charge or connects up to some park by phone server. what exactly does clancy run and profit from - mainly server software that processes all this stuff?
you mention "They will be directly marketing CLSI equipment as it is now a physical part of Ventek equipment." what do you envision as clancy's role in this - mainly loading a program on the PLC or whatever that links in to this park by phone thing? is clancy's only part of this likely to be the program, and the link-in to p-by-p, or is there something physical i'm likely missing?
also, i am curious about a p-by-p lot. are there special lots for p-by-p? if there is a guy in a little booth that i can walk over and pay cash to, vs. paying 10% extra to p-by-p, being cheap, i am always going to walk over and pay the guy cash. but - maybe there are special lots or whatever for p-by-p? i dunno.
anyway, should be interesting. i must admit, i am still a little skeptical of p-by-p. i very much like clancy, don't get me wrong. but - admit i am more enthused by other aspects of their business than p-by-p. we'll see how it develops, and i'll do a little more research on it this weekend; still not sure i fully understand the whole thing.
Posts: 1698 | Registered: Mar 2004
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"The companies have joined by integrating Clancy's Park-by-Phone program...into VenTek's multi-space meter environment...."
Impossible to determine if they mean Clancy's overall "program" (system) or if they mean their actual software program.
There was a very good special on those systems aired on television last week.
The system is a central box, about the size and shape of a street "blue" mailbox, the big ones. You can pay with coins, by credit card or pay by calling a special phone number. A small special fee is tacked on for phone.
These systems are extremely popular in urban areas where parking is at a premium. Many parking lots, including office buildings, now feature "stackable" parking. They park cars on lifts which raise a car up so another can park underneath! It has become so crowded in urban areas and real property is so costly, parking is rapidly expanding upward, even in small underground parking lots like for offices and apartments.
The basic concept is parking slots are white lined out and numbered. A parking attendant can check if the "parking meter" is paid by simple remote which returns which slots are paid and which are expired. This eliminates the need of a person chalking tires to keep track of time, and eliminates need for old fashion "Cool Hand Luke" parking meters, now valued collectables.
Most of these systems have sensors under the asphalt which detect if a car parks or leaves. Very simple system really. A new car signals a need to pay. An old car leaves signals a transpire of parking fee.
An important part of this is Clancy, or Ventek, can collect parking fees and parking tickets with much great success and for less cost than can city employees. A city using one of these systems actually generates more revenue, above and beyond the cost of the system. A bottom line is cities make more money using one of those systems.
This cooperation with Ventek is a good move. No doubt this will generate extra revenue for Clancy, and I am excited to learn by how much their bottom line will improve via this venture.
Telling ya, Blue, CLSI is slowly growing and becoming more valuable with each passing year. CLSI is undervalued now, will remain undervalued until investors take notice. Eventually, their bottom line will improve so much, investors will take notice and off we go!
CLSI is a safe and sane investment for patient people looking to enhance their financial status years down the road.
posted
interesting thoughts, as always; and i'm still holding CLSI.
living in MI, guess i never think much about parking. got a parking ticket in ann arbor last year, but the only time i ever pay to park is the $40 i have to pay to park on the UofM golf course every football saturday in ann arbor. for the whopping $40, you would think they would supply enough porta-potties, yeesh!! or at least implement a pee-by-phone program, heh.
Posts: 1698 | Registered: Mar 2004
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posted
at first glance, looks like $19K profit compared to $48K in the same period the last year; and revenues down a bit. but, the last-6-month numbers look better compared to a year ago.
but - obviously this is only part of the picture, only skimmed the income statement so far. will read the 10Q in it's entirety this weekend.
looks like some complexity with income tax stuff, and sep 04 restatement, to dig through
Posts: 1698 | Registered: Mar 2004
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posted
Blue, I have some notes in the rock n roll thread.
This weekend, when finished mowing lawns, washing cars, pulling weeds, taking the kids to movies, look for a comment on the former president of UTS, a movement of cash from equipment buying into bonds, and debt pay downs.
The UTS thing, I suspect that was a sizable hit. They don't state this, but I think the former president of UTS ran off with a chunk of money.
quote:Originally posted by Purl Gurl: finished mowing lawns, washing cars, pulling weeds, taking the kids to movies,
>> mowing lawns - luckily, my 12-yr old does this now! sure helps, frees me to do other stuff, especially with half an acre to mow
>> washing cars - uh, i drive a junker, i don't wash it!
>> pulling weeds - ummm...i put down turfbuilder and grubex?
>> movies - promised to take kids wed nite to new star wars movie, the only day of the week they have no activities
wife and daugher gone girl-scout camping all weekend, so my son and i just have to move a mere 8 ton pile of 21AA gravel to the backyard and compact it for the patio, after his 8am soccer game of course. i pay him $7/hour, or $12 if he puts it in his scottrade account instead of spending it on xbox games etc
Posts: 1698 | Registered: Mar 2004
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posted
Clancy Systems International, Inc. Launches Bicycle Program
June 17, 2005 14:14:01 (ET)
DENVER, Jun 17, 2005 (BUSINESS WIRE) -- Clancy Systems International, Inc. (CLSI, Trade), under a contract with University of California Los Angeles, UCLA, has launched a new security program for bicycle locker use. The first three programs utilizing this technology are at UCLA, Bay Area Rapid Transit (San Francisco) and the Los Angeles Metro. The program utilizes Clancy's Park-by-Phone system for bicycle locker reservations and payment. The program also issues the unlocking combination. Recently, since 9/11/2001, bicycle lockers have proven to be problematic to agencies as they present security issues and may be misused. Everything from toxic waste to possible explosive placement have caused a concern to the agencies and a hardship on the bicycle riders because of need to regulate use.
Bicycle riders now have a safe, secure and flexible program for parking their bikes. This program expands service for Clancy's Park-by-Phone parking payment service. Now on campus at UCLA and soon at several transit stations for Bay Area Rapid Transit (BART) and for the Los Angeles Metro, bicycle lockers are being installed utilizing Clancy's newest access control equipment. Additional installations planned for private parking lots. The BART program begins Monday, June 20.
The bicycle locker program requires a Park-by-Phone registration. Once a user becomes a member, he or she goes on-line and checks for bicycle locker availability. After finding an available locker the member calls Park-by-Phone and enters the locker's location code. The system delivers the opening combination and reserves the locker. Now the member rides to the bicycle locker, enters the combination, the door pops open, the bike is placed in the locker, and the door is shut. When the member returns to retrieve the bike, another combination is delivered via another Park-by-Phone call. The member enters the combination and the door pops open again.
This patent pending service and locker hardware provides total access security without keys, padlocks or cards.
"Clancy has partnered with bicycle locker manufactures and the agency users to produce an innovative solution to the very complex problem of open access for bicycle riders while eliminating the misuse of the lockers," said Stanley Wolfson, Clancy's president.
Clancy has aligned with the 3 major manufacturers of bicycle security and locker equipment (Creative Pipe, Rancho Mirage, Calif.; CycleSafe, Grand Rapids, Mich.; Huntco, Portland, Ore.) to provide the locking control equipment and the technology to maintain the user and utilization information. Clancy's system will deliver the control codes directly to the user via cell phone as well as provide billing for the usage.
The program is unique to security and access. This program makes it possible to offer bicycle lockers to the public and not just a few limited riders as the agencies can easily obtain information about who is using the lockers and the times in and out. This totally eliminates key distribution and maintenance.
Clancy looks forward to seeing this program grow as it solves major problems for transit authorities, universities, private parking operators, and will eventually expand to other locker and access security applications.
Posts: 7504 | Registered: Dec 2003
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Those companies with which Clancy is working, are listed at that site.
One of these days, traders will realize Clancy is continuing to slowly build company value, backed by a long history of being profitable.
Posts: 7504 | Registered: Dec 2003
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posted
CLSI continues to expand and increase company value.
Clancy Systems International, Inc. Contracts with Norwalk Tuesday June 21, 2:24 pm ET
DENVER--(BUSINESS WIRE)--June 21, 2005--Clancy Systems International, Inc. (OTCBB: CLSI - News) has been awarded a contract to issue permits for the Norwalk/Santa Fe Springs Transportation Facility. The City of Norwalk, Calif., and the City of Santa Fe Springs, Calif., jointly operate the Norwalk/Santa Fe Springs Transportation Center Facility. The permit subscription program is for Metrolink commuter patrons. Permits will be issued for 314 parking spaces on the Norwalk side and 64 spaces on the Santa Fe Springs side of the station. Clancy will market, manage and operate all aspects of the reserved permit program.
The program opened at 8:00 AM on June 20, and by 2:30 PM all permits had been reserved. Start date for permit parking is July 5, 2005. Once the actual parking program is underway, Clancy will oversee the daily enforcement.
Clancy provides permit services to other transit authorities in California including BART (Bay Area Rapid Transit) and the Los Angeles Metro. These programs also offer reserved parking programs for daily commuters and travelers as well as other parking related services including the Clancy's Park-by-Phone program.
Posts: 7504 | Registered: Dec 2003
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posted
did you get your million shares yet, Purl? certainly some good buying opportunities lately. sat on .0145 today but no fill, maybe tomorrow.
surprising to see this dip, in the wake of some interesting news coming out of Clancy lately. not sure what to make of it, sometimes clsi seems to slowly cycle up and down without much rhyme or reason.
sad to say i sold NWD, just didn't trust it to go up and *stay* up. sure enough - it didn't. looking to buy back shortly though. it bugs me to have to sell stocks i like.
pretty amusing spread on DVPC, eh? .08x.13! been on .085 the last few days, but - no fill.
any thoughts on SPDV? can't help but like it, maybe it's the science-geek in me.
watching the twin beaten-down chinese brothers of CXTI and ETLT, trying to decide if i trust bottom support. looks decently strong at .54 for CXTI and .22 for ETLT, but - dunno, still a little jittery to buy CXTI or add a little more ETLT.
NMKT the usual slow driftback/quick jump ebb and flow. still think low-.40's is the bottom for this one, have trouble seeing it dip to the .30's and stay there. we'll see
Posts: 1698 | Registered: Mar 2004
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DENVER, Jul 07, 2005 (BUSINESS WIRE) -- As cyclists arrive downtown they'll be greeted by "innovative bicycle lockers," providing a safe and secure end-of-trip bicycle parking for bicycle commuters. In the spirit of innovation, two local companies CLANCY SYSTEMS INTERNATIONAL, INC. (CLSI, Trade) and AMPCO SYSTEM PARKING have partnered with CYCLE-SAFE, INC. of Grand Rapids, MI, to install the first open-to-the-public bicycle locker system on a commercial parking lot.
Here is how it works: Motorists have been using Park-by-Phone and their cell phones to pay for parking at AMPCO lots in Denver since 2004. Now, cyclists can use Park-By-Phone to reserve an individual totally enclosed bicycle locker.
Locker access is initiated through cell phone to the Park-By-Phone system, which will provide the combination to reserve and open a locker door. When cyclists return, they simply call the Park-By-Phone number to repeat the process, open the door and remove their bike.
"Cycle parking is of great importance for an environment encouraging cycling. The Clancy Park-By-Phone system is the solution we've long been looking for," said Richard Hartger, President of Cycle-Safe Inc. in Grand Rapids, Michigan.
"I am excited about offering what we consider the ultimate high performance storage enclosure for bikes, offering maximum management control and maximum service levels 24/7," said Stan Wolfson, President of Clancy Systems of Denver.
"The recognized AMPCO brand manages the most used parking facilities in the Denver parking market. The Park-by-Phone program adds a cellular phone payment method for vehicle parking and now bicycle parking for maximum customer convenience. While it is newly operational at UCLA campus, Los Angeles Metro and at Bay Area Rapid Transit sites, we are excited to be the first time bicycle locker system with Park-By-Phone capability available in a private parking lot," said John Conway, AMPCO's branch manager for metro Denver.
Demonstrations of the new parking technologies will be held from 10:00 a.m. till 3:00 p.m. on Thursday, July 7, 2005, at the AMPCO lot on the corner of 18th and Broadway across from the Brown Palace Hotel. A press conference will be held at 1:30 PM.
Posts: 7504 | Registered: Dec 2003
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posted
trying to free up some cash to put in a good-sized buy order at .013, surprised a large sale went through at that price today.
hard to make sense at times - CLSI some nice news lately, but - sinking. HOM - some nice news but still sunk, now suddenly coming back. PDGE, ugh. dunno, market makes you scratch your head and say "huh?" at times.
in a completely different topic - this is strange, have been watching FRGN sales a bit lately, waiting on their (late) 10K. why the heck are there so many sales of 499 shares? i don't get that, any ideas Purl? following are just some from today, but even last week, most of the sales were also 499 shares.
posted
so you reach your 1M shares yet, PG? this week was a great time to buy - got some chunks at .013 and .0125.
some times the market can drive you crazy - ie PDGE, etc.. sometimes, things work "textbook" - was very nice selling HOM at 1.75 and pouring the funds immediately into CLSI at .013. ah, that it can't always work out that nicely...
surprised NMKT drifted back this low, honestly i thought it'd stay above .46 or so.
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bit of an uptick out of the doldrums for CLSI today, we'll see if can sustain it. wide spread might slow down trading a bit, we'll see if it breaks up or down next.
*finally* a week like i've been waiting for with TMFZ, about time! their upcoming Q should be quite interesting, i expect it to be quite good, as their last several ones were. we'll see.
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posted
actually a few other value stocks that we've talked about PG have come back a bit lately: nice to see the runs by HOM, NWD, and a few others. now if PDGE would just join the party... not much seems to move MIG up either. they just released an excellent Q but barely budged. ah well, maybe someday they'll at least make it back to book value, i'm holding.
Posts: 1698 | Registered: Mar 2004
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i see not only you are gone Purl, but you took glassman with you! drats. was absolutely swamped for most of the spring/summer, but now things are clearing up so i'm embarking on research and starting to follow the market again, but it appears several of my stock-pals have left the building.
hope it's not a year absence again, and if you ever want to bounce stock ideas back and forth - you know my email address
Posts: 1698 | Registered: Mar 2004
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posted
re: this P-by-P stuff, i am still having a hard time getting a handle on how big or not-big this is for CLSI. sounds good that it was "very successful" in W-Beach and that they're expanding it to Wilmington, wonder how many spots and what kind of revenue that translates to. obviously it's very early and seems hard to predict the future on this one, but am curious about say the daily revenue in a city like one of these in NC. guess we will have to wait for the 10Q's to know for sure - CLSI is pretty terse and sparse in their PR's, yesterday's was fairly typical for them.
Posts: 1698 | Registered: Mar 2004
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posted
trying to get caught up in reading Q's from when i was swamped then on vacation - CLSI's came out last week. made a very mild profit on the Q - revs down slightly, but seems to be due to the contract cycle with selling tickets to customers.
the up side with CLSI imho is that they are almost always profitable. but in order for them to make a sustained move up, i am still thinking that they are going to have to become *more* profitable. for awhile it looked like they were headed there, but the $9K profit on the last Q isn't going to excite investors. maybe it's time to bump up their margins a tad, i dunno. hopefully some of the recent PR's about bike and other stuff with help.
still holding, and will hold long, but i admit that imho CLSI is going to have to figure out a way to make more money, for the stock to move up. it's cheap now if you look at their market cap compared to their possibilities and potential markets, but it's less cheap if you look at it in terms of a "current P/E" basis.
Posts: 1698 | Registered: Mar 2004
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posted
back in march this thread tangented off to JMIH - jupiter marine. maybe at some point i'll put up a separate pro/con new thread on JMIH, with the notes i've made on them this year. but for now - they just quietly released another good Q:
at this point they generate as much excitement as CLSI seems to be doing - the good results were met with a yawn, and a whopping $64 of JMIH traded yesterday, no joke. but - still quietly accumulating on dips, the company still looks good to me. will be interesting to see how their increased capacity pans out later this year, sure seems like business is good for them.
Posts: 1698 | Registered: Mar 2004
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posted
have only been investing in OTC stocks for 3 years now, but - CLSI has been by far my most disappointing holding over that time span. at this point, i am flat-out disillusioned and frankly, disgusted with them.
as usual, they are a MONTH late with filing their 10K, and this time so late that they got the E. if they keep going on like this a whole lot longer, they will be delisted and have to move to the pink sheets. they are actually coming up on the deadline for their NEXT Q to be filed (only 3 weeks away), so that's practically a guarantee that they'll be late on that one as well. again. their edgar online filing is littered with entries starting in "NT ":
of course, they do not respond to any of my emails.
very disappointing, because i had high hopes for CLSI. at this point though, i have to conclude that the wolfsons are simply incompetent. there's just no excuse for their repeated ridiculously late filings, i am tired of it and their indifference to shareholders. it makes them look like a mickey-mouse organization. they seem to have zero ability to learn from past mistakes and perhaps START EARLY too get ready for a filing and get it in on time, for a change.
obviously the market agrees with me, seeing as CLSIE is making freqent new lows these days.
posted
Blue I haven't held shares in this since last year, but I do continue to monitor there progress or lack there of. It became pretty apparent that it was dead money as the Wolfsons left the shareholders out to dry. One thing you mentioned though was that they were not responding to any of your emails. Seems that their indifference to shareholders has worsened. If you recall last year I PM'ed you with some progress with the company; that info came directly from Liz Wolfson. She used to be very prompt in responding to any of my emails, I am surprised that this has changed. Listen you got a right to rant, simply amazing that the PPS has dipped into the subby land. I know that you are a man who looks at fundamentals 1'st so I know those NT filings have to get you upset. Pinkie land would not be good because the Wolfsons complacent attitude would keep it there. Best case scenario is that they stay on the OTCBB and decide to retire letting the Clancy company reverse merge into a larger company. Anyhow Long time no speak Blue I hope things are good with you!
-------------------- ^..^ Posts: 3897 | From: New York | Registered: Jan 2004
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posted
just pitiful - never thought i'd see the day that safe and boring CLSI hit .006 for periods. that's what missing 2 filings and getting booted onto the pinks will do to you.
not much to say - i pretty much spoke my mind about CLSI in my previous 1/28 post above, nothing to really add. plain and simple - my most disappointing OTC stock holding ever.
and maybe also a good reminder that there really is no "safe" in the markets. sometimes you can make logical and reasoned decisions, in my case to buy CLSI, and they can just end up wrong no matter what. the risk/reward curve on CLSI was good a year ago in my opinion: a profitable, growing company. sometimes you can still roll snakeyes though, even when the odds are on your side.
just - a bummer, not much else to say.
Posts: 1698 | Registered: Mar 2004
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still will have to read fully, but - earned a mild profit on the year, $176K. so let's calculate P/E based on that:
P/E = (.0089/sh)*(365.3M shares) / $176K = 18.5
so - trailing P/E of 18.5
of course that's not everything. looks like balance sheet improved: shareholder equity now about $2.5M. so that's about .0068, compared to a .0089 stock price.
will read the whole thing, just a few initial back-of-the-envelope calculations to start out with.
Posts: 1698 | Registered: Mar 2004
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posted
Blue are you still in it or out after the purl left. I know in between you were holing some, I will be waiting for it to dip more before I get in
Posts: 510 | From: Dallas, TX | Registered: Apr 2005
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