Phoenix, AZ (PRWEB) October 20, 2006 -- Modavox, Inc. (OTCBB: MDVX), a Phoenix based company that produces the online talk radio VoiceAmerica™ Network and creates software solutions for online audio/visual advertising and business to business and business to consumer communications, today reported its second quarter 2006 results as filed in its 10QSB on October 19, 2006.
Despite our recent success, we remain keenly aware that there remains much work ahead. With this, we fully intend to remain focused on both the execution of our proven business plan as well as the creation of long term and sustainable shareholder value. For the quarter ending August 31, 2006, the company reported revenues increased 141% to $698,946 compared to $289,699 for the quarter ending August 31, 2005. Revenues for the quarter ended August 31, 2006 included $341,823 from the Interactive Media Division and $357,123 from the Broadcast Media Division. The company reported a profit of $53,708 compared to a loss of $1,080,586 in the prior year.
For the six months ending August 31, 2006, the company reported revenues increased 113% to $1,131,849 compared with revenues of $529,876 for the comparable period of the previous year. Revenues in the 2006 period included $427,839 from the Interactive Media Division and $704,010 from the Broadcast Media Division. Interactive Media Division revenues are increased due to the Company entering into an increasing number of contracts utilizing its proprietary software. Broadcast Media Division revenue increased reflecting the increasing acceptance of online talk radio as a forum for communicating with targeted audiences. The company reported its net loss decreased to $615,524 from $1,910,462 for the comparable period the previous year.
Highlights from the quarter include: Company reported its first quarterly profit on record revenues; Company satisfied and paid legacy IRS obligation in full; Modavox and West Virginia Media Holdings completed streaming agreement; Launched small cap promotions technology suite; Launched New VoiceAmerica website with BoomBox 2.0 radio technology; Launched Three New 24/7 Video Networks.
Modavox CEO, David J. Ide stated, "I’m extremely pleased and proud of the entire Modavox team and our positive quarterly results. I view this past quarter as inflection point for the company and believe the pro-active steps taken during this past quarter have established a strong foundation to support future growth. Successfully satisfying past legacy issues remains a concern, however we may now focus on supporting the systems and structures that we firmly believe solidify our continuing and future financial success."
Ide further stated, "Despite our recent success, we remain keenly aware that there remains much work ahead. With this, we fully intend to remain focused on both the execution of our proven business plan as well as the creation of long term and sustainable shareholder value."
FORWARD LOOKING STATEMENTS
This Quarterly Report on Form 10-QSB and the documents incorporated herein by reference contain forward-looking statements that have been made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about our industry, management's beliefs, and certain assumptions made by management. Words such as "anticipate," "expect," "intend" "plans," "believe," "seek," "estimate" and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and actual actions or results may differ materially. These statements are subject to certain risks, uncertainties and assumptions that are difficult to predict, including those noted in the documents incorporated herein by reference. Particular attention should also be paid to the cautionary language appearing elsewhere in this report. We undertake no obligation to update publicly any forward-looking statements as a result of new information, future events or otherwise, unless required by law. Readers should, however, carefully review the risk factors included in other reports or documents we file from time to time with the Securities and Exchange Commission, including in our Annual Report Form 10-KSB for our fiscal year ended February 28, 2006.
posted
Holding up stromg here...Lets see some volume! Dont know when people would recognize good companies......This is just like BSKO...Will run hard once started...I think next PR will push it to the skyyyyy...
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This is gonna be HUGGE!! I hope someone buys this company out... Like Google/yahoo and /....apparently google is trying to enter broadcasting field and it is going to BUY tons of small broadcasting firms all over 2007-2010.. Their long term plan is to enter MEDIA ... This would be a good company to BUY!..while its cheap
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Google this: Stock doctor **** spot The fourth link on google is the bl og which has featured MDVX on its site! Looking good!
Posts: 1206 | Registered: Feb 2006
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I kow for sure this is more than a DOLLAR stock... Now prove me wrong... Added HUGE Whoever sold me his shares at 74 cents few days back is the BIGGEST ..U know what
I hope he realizes this....
Or may be not..
May be in two more months
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You're right on track with MDVX. I expect it will be a big winner in the next 12 months to a tune of $4-$5. Between their patents currently being infringed upon by some major media companies, their technology, AudioEye, Voice America Network, awesome management with skin in the game owning 12.5 million shares and the simple fact they are already profitable and ramping revenues.
We're still early to the story and ahead of the curve but people are slowly figuring it out and taking notice. Someone will absolutely buy them within 12 months is my guess. If Goog like UTube, they should love Modavox. If you used the same $65 per unique visitor purchase price, Modavox is worth at least $5 a share based on their 4-5 million unique visitors a month.
Chart is setting up awesome looking like a break out to new highs is in the making. This is a very unique find and investment opportunity as far as I'm concerned.
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When it is $3-$5 and the company is most likely bought out, you'll have no problem selling any size.
Just look at the implications of the patent infringement issue, the fact they are profitable, recent acquisitions in the space and the price being paid, their Voice america Radio Network, the insider ownership, the fact that the CEO pays himself only 60k salary and the big fact they are already profitable!
You have to build a position in a company like MDVX before the masses find out about it. They are figuring it out as we speak....Just note the money flow over the last 6 months, it's all positive, someone has been amassing a big position and it just aint me! lol
I found this post on the Google board earlier.
"MDVX shares just a dime off new 52 week highs.....someone else must get it.
GOOG liked UTube, they should love MDVX with it's tiny $27 million market cap, patented technology, Voice America Network and AudioEye technology enabeling the site impaired to surf the web. Check out their website. Potential patent infringement issue could be worth a few bucks a share alone. Read their SEC filings and they make brief mention of it. Question is, who are the large media companies infringing????
• Modavox to Launch VoiceAmerica(TM) Sports Channel
• Modavox and Chambers Communications Corporation Complete Streaming Agreement
• Modavox Reports Record Second Quarter 2006 Results
• Modavox and West Virginia Media Holdings Complete Streaming Agreement
• Modavox To Launch Innovative Small Cap Promotions Technology Suite
• Modavox and National Media Broadcaster Enter Into Streaming Agreement"
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Modavox to Manage AudioEye Product and Technology Thursday November 9, 11:33 am ET Modavox Signs Exclusive License Agreement for 100% of AudioEye Reseller and Direct Sales Revenue
PHOENIX--(BUSINESS WIRE)--Modavox, Inc. (OTCBB:MDVX - News), Internet broadcasting pioneer, producing and syndicating online audio and video, today announced it has entered into an agreement to provide the day-to-day management and technology development of AudioEye's product and technology. ADVERTISEMENT
AudioEye offers "audio publishing and streaming media broadcast software," enabling content owners to organize, create, and distribute information in audio. AudioEye has extensive market applicability for corporations and universities in e-learning and training, as well as publishers and media companies for broader distribution. This technology works on big and small screen devices empowering the world to "Surf by Sound."
AudioEye maintains a variety of high-profile clients, including the State of Arizona, which deployed the system for their State Legislature website. AudioEye created a complete audio mirror image of the website with Natural Voices including all the State's written documents such as the State constitution and bill information.
Modavox CEO David Ide stated, "We are pleased to add a new revenue center to Modavox. We now benefit directly from AudioEye's technology and revenues without shareholders experiencing any associated dilution." Mr. Ide continued, "Management remains conscientious of the importance aligning our goals with those of our shareholders. The addition of AudioEye is another positive step as we continue focusing on creating long term value."
Modavox, Inc., www.modavox.com, a pioneer in internet broadcasting, producing and syndicating online audio and video, offers innovative, effective and comprehensive online tools for reaching targeted niche communities worldwide. Through patented Modavox technology, Modavox delivers content straight to desktops and internet-enabled devices. Modavox provides managed access for live and on-demand Internet Radio Broadcasting, E-learning and Rich Media Advertising.
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Modavox to Manage AudioEye Product and Technology
Thursday , November 09, 2006 11:33ET
PHOENIX, Nov 09, 2006 (BUSINESS WIRE) -- Modavox, Inc. (OTCBB:MDVX), Internet broadcasting pioneer, producing and syndicating online audio and video, today announced it has entered into an agreement to provide the day-to-day management and technology development of AudioEye's product and technology.
AudioEye offers "audio publishing and streaming media broadcast software," enabling content owners to organize, create, and distribute information in audio. AudioEye has extensive market applicability for corporations and universities in e-learning and training, as well as publishers and media companies for broader distribution. This technology works on big and small screen devices empowering the world to "Surf by Sound."
AudioEye maintains a variety of high-profile clients, including the State of Arizona, which deployed the system for their State Legislature website. AudioEye created a complete audio mirror image of the website with Natural Voices including all the State's written documents such as the State constitution and bill information.
Modavox CEO David Ide stated, "We are pleased to add a new revenue center to Modavox. We now benefit directly from AudioEye's technology and revenues without shareholders experiencing any associated dilution." Mr. Ide continued, "Management remains conscientious of the importance aligning our goals with those of our shareholders. The addition of AudioEye is another positive step as we continue focusing on creating long term value."
Modavox, Inc., www.modavox.com, a pioneer in internet broadcasting, producing and syndicating online audio and video, offers innovative, effective and comprehensive online tools for reaching targeted niche communities worldwide. Through patented Modavox technology, Modavox delivers content straight to desktops and internet-enabled devices. Modavox provides managed access for live and on-demand Internet Radio Broadcasting, E-learning and Rich Media Advertising.
Forward-Looking Statements
This release contains "forward-looking statements" for purposes of the Securities and Exchange Commission's "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause Modavox's actual results to differ materially from those currently anticipated, including the risk factors identified in Modavox's filings with the Securities and Exchange Commission.
SOURCE: Modavox, Inc.
Modavox, Inc. Denise Dion, 480-643-5632 denise.dion*modavox.com www.modavox.com
Copyright Business Wire 2006
Posts: 1206 | Registered: Feb 2006
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More awesome Modavox news today. Every market maker except two are at $1 or better indicating they have no sell side order flow and likely believing the shares want to go higher. It almost looks like they want to avoid getting short any size on their own desk down here sub $1.
Just look at a chart with money flow on it. The shares have literally been under accumulation for the last six months. You will hardly ever find a stock with such sustained positive money flow over such a long period of time.
One thing I bet on is management. Modavox's management appear to be very sharp to say the least. Importantly, just look at what they are taking for salaries, literally nothing! I think maybe $60k is what the CEO pays himself. I like to know it's an equity play for them because it sure is for me. I believe management owns like 12 million shares or about 35% which I love to see. I want them to have a lot of skin in the game with the rest of us shareholders, these guys do!
This quote from today's pr is what I love to hear from any companies management that I'm invested in. New revenue center with no associated dilution and aligning their goals with ours! Just fantastic imo. Here is a CEO who really does get what being a public company is all about.
"Modavox CEO David Ide stated, "We are pleased to add a new revenue center to Modavox. We now benefit directly from AudioEye's technology and revenues without shareholders experiencing any associated dilution." Mr. Ide continued, "Management remains conscientious of the importance aligning our goals with those of our shareholders. The addition of AudioEye is another positive step as we continue focusing on creating long term value.""
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GOOG has to be looking at MDVX by now. If not, they should be!
Google eyeing radio play
LOS ANGELES, California (Reuters) -- Web search leader Google Inc. is hiring scores of radio sales people and is spending heavily in a bid to expand its position in the $20 billion radio industry.
Google spokesman Michael Mayzel said this week that the company will begin a public test of Google Audio Ads by the end of the year. Advertisers will be able to go online and sign up for targeted radio ads using the same AdWords system they use to buy Web search ads.
Google is generally testing its ability to move into offline media, this week saying it would help customers buy advertisements in 50 U.S. newspapers.
It made a clear move into radio in January when it agreed to pay more than $1 billion, depending on performance, for dMarc Broadcasting Inc., which connects advertisers to radio stations through an automated advertising system.
It's all part of what Google Chief Executive Eric Schmidt has said is an investment in radio advertising that could grow over time to include up to 1,000 Google employees -- not just in ad sales, but also in engineering and operations.
The fast-growing Silicon Valley Internet company had 9,378 employees in September.
"Google is hiring salespeople in most major markets and they're hiring sales people to sell radio. They're paying about 50 percent more than a typical radio sales person might make," said Bill Figenshu, chief operating officer of Softwave Media Exchange Inc, a unit of SWMX Inc.
Figenshu said three people he had spoken with believed Google was in talks to buy about $1 billion in radio advertising inventory from Clear Channel Communications Inc. Softwave Media Exchange sells radio ads online and competes with Google's dMarc.
Google declined to elaborate on its plans.
Google's move into radio comes at a time when Clear Channel, the biggest radio station operator, is weighing a possible sale of the company.
Clear Channel, which controls an estimated 20 percent of local radio industry revenues, declined to comment on recent reports that Google could take a stake in the radio company, perhaps as part of a buyout led by private equity firms.
In a recent research report, RBC Capital Markets analyst David Bank said he was perplexed by Google's hirings, since they are being made before it has significant radio advertising inventory to sell.
"While there are other possibilities, we believe there's a reasonable chance Google Audio is establishing critical mass in anticipation of a major acquisition of prime inventory. Our sense from recent discussions with industry players has been most radio operators are reluctant to offer prime inventory to Google Audio," he said.
Bank said Clear Channel's size and potential sale make it a likely source of inventory for Google, either through Google taking a modest investment in a leveraged buyout or by taking a stake in the company's current incarnation.
Two private equity consortia are looking into making bids for Clear Channel, sources familiar with the matter said late last month. Analysts estimated an offer could approach $40 per share, valuing the company at just under $20 billion.
Other industry sources said Google had been approaching all the radio operators in recent weeks.
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