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It is interesting that certain companies known to be actively engaged in big promotional campaigns end up as the most active threads in many of these forums. My guess is it has little to do with real interest in the company and more to do with paid promoters working the boards to try and draw attention to the shares.
Looks like a duck, quacks like a duck.....it might just be a duck buddy!
ONT has almost 100 million shares out negating any earnings leverage, their management is taking hundreds of thousands out of the company in salary, they lost $600k in the last Q and $3 million for the last 9 months and their market cap is already $120 million or over two times Modavox's!
MDVX on the other hand is profitable just reporting net income grew 300% in the quarter, only has 32 million shares out, sitting on $1.3 million cash, management taking almost nothing in salaries and they own 35% of the company and they own a patent I think could be worth a staggering amount.
If ONT deserves a $120 million market cap, suffice to say MDVX is tremendously undervalued.
I think comparing those two companies is like comparing apples and oranges with Modavox obviously being the far more compelling play with far more upside potential imo.
Regards SM
I agree to an extent, but ONT is on AMEX...MDVX really needs to get to a higher exchange for quicker price appreciation, because volume is very low in this one.
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Totally agree with you partner and I believe it is simply a matter of time.
They only miss on the $2 price requirement where they need to trade for 30 days to apply.
I think they'll be in a position to apply in the not so distant future. Like you, I think a bigger exchange is a major catalsyt towards better liquidity, more instituional interest and ownership and a much higher price.
posted
Modavox Reports Record Third Quarter Results Monday January 22, 9:00 am ET Net Income Increases Over 300% from Prior Quarter
PHOENIX--(BUSINESS WIRE)--Modavox, Inc. (OTCBB:MDVX - News), Internet broadcasting pioneer in producing and syndicating online audio and video, today reported its third quarter results as filed in its 10QSB on January 19, 2007.
For the quarter ended November 30, 2006, the company reported revenues increased 70% to $868,406 compared to $509,923 for the quarter ending November 30, 2005. Revenues for the quarter ended November 30, 2006 included $314,919 from the Interactive Media Division and $553,487 from the Broadcast Media Division. Third quarter 2006 revenues of $868,406 also increased 24% over amounts reported for the 2006 second quarter.
The company reported net income of $217,891 for the quarter ended November 30, 2006 compared to a loss of $251,662 in the comparable quarter of the prior year. The net income for the third quarter 2006 increased by over 300% from the second quarter 2006 net income of $53,708. The net income in the second and third quarter were after depreciation and amortization charges of approximately $90,000 in each quarter
For the nine months ending November, 2006, the company reported revenues increased 89% to $2,000,255 compared with revenues of $1,057,161 for the comparable period of the previous year. Revenues in the 2006 period included $853,585 from the Interactive Media Division and $1,146,670 from the Broadcast Media Division. The company reported its net loss decreased to $397,491 from $1,842,125 for the comparable period the previous year, a decrease of $1,444,634. The loss includes $539,000 for non-operating expenses. Without these expenses, the company would have been profitable for the full nine month period.
Highlights from the quarter include:
Company reported second consecutive quarterly profit on record revenues Prior Management IRS liability paid in full Completed streaming agreement with Chambers Communications Signed exclusive license agreement for AudioEye reseller and direct sales revenue AudioEye's "Search By Sound" platform technologies showcased by U.S. General Services Administration's Center for Information Technology Launched IRExcellence.com with IntraMed West and Signature Business Solutions Broadcasted series of leading applications for US Congress, State of Arizona Legislature and Alberta Premier Candidate Featuring AudioEye and BoomBox Video Streaming Modavox CEO David J. Ide stated, "I'm pleased with our positive quarterly results as they provide clear evidence of the Company's long term potential in addition to demonstrating our strong earnings leverage. We have strengthened our financial liquidity and the company has over a million dollars in cash for operations and no debt on its balance sheet. The strategic steps taken over the last year have proven themselves while putting us in a strong position to accelerate our growth moving forward."
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 the execution of our proven business plan. In addition, we also understand to build long term and sustainable shareholder value, it's important to regularly communicate with the investment community. Therefore, we are anxiously looking forward to our participation in next months RedChip Small-Cap conference and we anticipate exploring additional venues in which participation may be beneficial."
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
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New Knobias commentary on MDVX Modavox Reports Second Consecutive Profitable Quarter; Shares Climb Slightly
Modavox, Inc. (MDVX) reported record profits for the third quarter and its second consecutive profitable quarter. MDVX’s reported revenues for Q3 increased to $868,406 up some 70% from the $509,923 reported for the same period last year and increased 24% over the $698,946 reported last quarter. Revenues for the quarter ended November 30, 2006 included $314,919 from the Interactive Media Division and $553,487 from the Broadcast Media Division. MDVX improved year over year profits by $468,000 to $217,000 for Q3 as compared to a $251,000 loss in the third quarter of last year while decreasing the company’s SG&A expenses by $120,000 from the same quarter last year.
Knobias spoke with Nathaniel Bradley EVP of MDVX about today’s Earnings Release, “We are excited about our third quarter results. This is the first quarter that we have not been plagued by past legacy issues and now we may focus exclusively on supporting the systems and structures that will lead to an increase in shareholder value.”
In MDVX’s release on Q3 earnings CEO David J. Ide stated, “I’m pleased with our positive quarterly results as they provide clear evidence of the Company’s long term potential in addition to demonstrating our strong earnings leverage. We have strengthened our financial liquidity and the company has over a million dollars in cash for operations and no debt on its balance sheet. The strategic steps taken over the last year have proven themselves while putting us in a strong position to accelerate our growth moving forward.”
Many changes have occurred over the past year. In February MDVX announced the merger of Kino Interactive, creating a new management team focused on reducing operational costs. More recently, the Company reported that it paid off an IRS lien of $300,000 that remained from previous management. As a result of these and other changes, the Company believes it is well positioned moving into Q4 with a clean balance sheet, zero debt, and over $1.3M in cash.
With two sequential quarters of top line growth resulting in increasing profitability, it might be worth continuing to keep an eye on Modavox. They seem to be executing their business plan and with consolidation in the space including Google’s acquisition of YouTube, Modavox’s patented technology combined with their improving financials, might just attract worthy attention.
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Modavox Announces VoiceAmerica(TM) Networks Content Available via Cellular Phones and Mobil Networked Devices Wednesday January 24, 10:00 am ET
Added Distribution and Continued Focus on Host Services Strengthens Modavox's Dominance in Internet Talk Radio Space
PHOENIX--(BUSINESS WIRE)--Modavox, Inc. (OTCBB:MDVX - News), Internet broadcasting pioneer in producing and syndicating online audio and video, today announced that its VoiceAmerica Networks are now available to listeners via cellular phones and mobile networked devices. The service is provided through an agreement with UpSnap, Inc. and provides high-quality live streaming audio feeds from VoiceAmerica Networks. To access the service listeners can send a text message indicating the desired network with the station indicator "va" for VoiceAmerica or "vab" VoiceAmerica Business or "vah" for VoiceAmerica Health and Wellness, or "7wn" for the 7th Wave Network to 27627. ADVERTISEMENT
Nathaniel Bradley, Executive Vice President of Business Development, stated, "This is a service that we wanted to bring to our listeners making it easier and more convenient to tune into our VoiceAmerica programming. We continue to remain focused on strengthening our leadership position in the Internet talk radio space by providing unmatched services to both our hosts and listeners of VoiceAmerica Networks."
About UpSnap, Inc.
UpSnap, Inc. (OTC: UPSN - News) is a provider of free mobile search and content services. As the first company to address mobile search, UpSnap has built its technology platform from the ground up with specific focus on the unique challenges of providing a usable and functional mobile search experience. Through its proprietary SWInG (Streaming Wireless Internet Gateway) platform, UpSnap enables mobile access to virtually any type of live and on-demand streaming audio content including NASCAR In-Car Audio, ESPN Radio, and over 150 additional radio channels covering music, news, and entertainment.
About Modavox, Inc.
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.
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Dr. Demartini Returns to R.E.A.P Dr. Demartini Returns to R.E.A.P what you S.O.W. to Discuss his Breakthrough Experience ® and How to Create the Life and Business of Your Dreams in 2007 January 23, 2007
Dr. John F. Demartini, author, speaker, and philosopher joins Elana Daley on REAP what you SOW to discuss his world renowned Breakthrough Experience® and techniques for creating breakthroughs in all areas of life. He provides the link between what we love to do and making it happen.
Phoenix, AZ (PRWEB) January 23, 2007 -- Speaker, Philosopher, Best Selling Author, Dr. John F. Demartini, will be interviewed by VoiceAmerica™ Network host Elana Daley on "R.E.A.P. What You S.O.W" Thursday, January 25,2007. Marking his second appearance on the show, Dr. Demartini talks about his world renowned Breakthrough Experience® seminar. This interview on "R.E.A.P. What You S.O.W" with Elana Daley will broadcast at 11 a.m. Pacific (2 p.m. Eastern) January 25 on the VoiceAmerica Business Channel (http://www.business.voiceamerica.com), the bottom line in business talk.
Hosted by performance management specialist and executive coach, Elana Daley "R.E.A.P. What You S.O.W" features topics from how to build a business strategically and enhancing your website for greater ROI, to the importance of rapport and health for lasting success.
Dr. John Demartini is a world leading inspirational speaker and author at the forefront of the burgeoning personal and professional development industry. For over three decades Dr. Demartini has been working towards a dream that is today a reality. Born in Houston Texas Dr. Demartini was one of two children. At the age of seven he was told he had a learning disability and would never read, write, or communicate. At fourteen he was a high school drop out living on the streets and panhandling for food to survive. After a near death experience at seventeen, as the result of severe Strychnine poisoning, Dr Demartini made a decision that would change his life forever. He is the author of over forty books with some of his bestselling titles including - 'The Breakthrough Experience- a revolutionary new approach to Personal transformation', 'Count your blessings-the healing power of gratitude', 'How to make one Hell of a Profit and still get to Heaven', and 'You Can Have an Amazing Life in Just 60 Days'. As a presenter, Dr. Demartini has shared the stage with such noted speakers as Stephen Covey, Deepak Chopra, Mark Victor Hansen, Wayne Dyer and Dr. Patch Adams.
"I am so fortunate to have Dr Demartini return to my show on January 25", Daley said. "He provides so much information that is easily and simply digested by listeners. His ability to dissect the laws of the universe and bring understanding to anyone at any level is tremendous."
On "R.E.A.P. What You S.O.W" with host, performance management specialist, and executive coach, Elana Daley, achievement and success through expanding yourself and your life is available at the click of a mouse. R.E.A.P. through Redefining your goals, Educate your mind, your body, your conscious and unconscious, Apply what you learn, and Plan and it shall be. Success, Over and over again, and Wealth result when you R.E.A.P. regularly. We simplify success.
"R.E.A.P. What You S.O.W." airs every Thursday at 11 a.m. Pacific (2 p.m. Eastern) with rebroadcast at 11 p.m. Pacific (2 a.m. Eastern) on the VoiceAmerica Business Channel (www.business.voiceamerica.com). Past shows are available On Demand and podcast download. "R.E.A.P. What You S.O.W" - learn the rules of the game - then play better than anyone else.
About Elana Daley: Elana Daley is the innovative creator and driving force of "Concepts In Training", the ultimate resources for training, performance management, and executive coaching. Her extensive knowledge of business development has spanned over two decades. Elana successfully lead the team at Dale Carnegie and Associates as a certified instructor and sales associate. Her programs through "Concepts in Training" (www.conceptsintraining.com) create loyalty, open communication, and creative thinking. Elana's dynamic personality and style will inspire you to grow beyond expectation.
About Modavox: Modavox, Inc. (www.modavox.com) is a pioneer in internet broadcasting, producing and syndicating online audio and video, and offering innovative, effective and comprehensive online tools for reaching targeted niche communities worldwide. Modavox is the leading producer and distributor of online, talk radio content, streaming approximately 250 hours of live programs and scheduled replays weekly on its Modavox VoiceAmerica™ Network (www.voiceamerica.com) and the 7th Wave Network (www.7thwavenetwork.com). Through its patented Modavox Central™ technology, Modavox "takes the search out of search," delivering content straight to desktops and internet-enabled devices. Through its proprietary StreamSafe™, WebcastWizard™ and Stream Syndicate™ tools, Modavox provides managed access for live and on-demand internet broadcasting and syndication; content management; and online meeting, event management, enterprise communications and distance learning.
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Any thoughts? Financials are great...but this is on a downtrend, a big breakthrough is needed to push this up on its next leg.
4.01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT SIGNATURES ITEM 4.01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On January 19, 2007, Moss-Adams LLP, the successor to our independent accountant, Epstein, Weber & Conover, P.L.C., verbally informed the Chairman of our Audit Committee that Moss-Adams LLP would not provide audit services to Modavox subsequent to their review of our Form 10-QSB for the quarter ended November 30, 2006.
The reports of Epstein, Weber & Conover, P.L.C. on our financial statements for the past two fiscal years did not contain an adverse opinion or disclaimer of opinion, and were not modified as to uncertainty, audit scope or accounting principles, except that the reports included a modification indicating "substantial doubt about the company's ability to continue as a going concern."
We have not been informed by Epstein, Weber & Conover, P.L.C., nor are we aware, of any disagreements with the auditor, whether or not resolved, on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the former accountant's satisfaction, would have caused it to make reference to the subject matter of the disagreement in connection with its report.
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"I just spoke with Nathan Bradley at the Company. He confirmed everything you said Stockmann. Due to a merger/buyout of their auditing firm with Moss Adams, they were informed by the newly merged firm that they don't meet the criteria in regards to revenues to continue as their client. Nathan confirmed that they have been in discussions with several other firms and hope to engage a firm in the near future that will be considered an upgrade - he stated they hope to engage a top 10 firm and one that will provide more quality and timely service (i.e. no more late filings hopefully). I asked if their prior auditors expressed any concerns at all regarding the accounting records/filings of the company. Nathan explicitly stated no and that quite the contrary they were very encouraged with the company's recent performance the past two quarters. I'm sure none of this information is new to those of you who've been around for awhile. I just wanted to follow up with my prevous post and provide the information Nathan shared for everyone, especially any people new to the stock like myself"
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Modavox Signs Letter of Intent to Acquire World Talk Radio, Inc. Monday February 12, 11:26 am ET Acquisition Will Create the World's Largest Internet Talk Radio Network
PHOENIX--(BUSINESS WIRE)--Modavox, Inc. (OTCBB: MDVX - News), Internet broadcasting pioneer, producing and syndicating online audio and video, today announced it has signed a Letter of Intent to acquire San Diego-based World Talk Radio, Inc. ADVERTISEMENT
World Talk Radio, Inc., the one-time rival of Modavox's VoiceAmerica Networks, will bring more than 50 new Internet Radio Shows with hosts and topics that, where applicable, will be syndicated into the VoiceAmerica Networks of Modavox. The World Talk name and successful channels will be preserved and enhanced with BoomBox Radio patented technology and an enhanced website at WorldTalkRadio.com. In addition, Modavox will experience an infusion of talented management, sales infrastructure and a presence in the all important Southern California market for both the Internet Radio and Interactive Divisions of Modavox.
Modavox's VoiceAmerica Director of Networks, Jeff Spenard, stated, "Welcoming over 50 new Internet Radio clients to VoiceAmerica and an experienced group of co-workers to Modavox is something we are truly excited about." Mr. Spenard continued, "World Talk Radio has been built out with the same general business model as utilized in our VoiceAmerica Networks, and we believe the adoption of our patented BoomBox Radio technology as well as the benefits of Modavox advertising and technical infrastructure, management and our Interactive Division will provide for tremendous opportunity and forward operation of World Talk Radio."
"This is a comprehensive strategy to maximize shareholder value in Modavox. We have and will continue to grow both divisions of Modavox organically. However, synergistic and accretive acquisitions such as this proposed with World Talk Radio are ways we can accelerate our plan and achieve significant gains in revenue and future opportunities to create it," stated David Ide, CEO of Modavox. "At Modavox we are well aware of the challenges and difficult market conditions that VoiceAmerica and World Talk Radio endured in years past as competing entities in adjacent markets. However, by joining forces we can focus on capturing and maximizing all the opportunities within both organizations and those we've just created through this perfectly timed event."
About World Talk Radio
World Talk Radio Inc. (www.worldtalkradio.com) has over 50 regularly presented unique weekly Internet Talk Radio shows. The Company's mission is to build and maintain the leadership position in Internet talk radio and related, progressive media while providing quality programming worldwide through an ever-expanding distribution network.
About Modavox
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.
Contact: Pilot Financial Communications Network Rick Gean, 480-247-2142 info*pilotfcn.com
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There was a lot of information from today’s presentation. It is well worth the 30 minutes it takes to listen in. It goes into good detail on where the revenues are coming from and how they are really going to grow this business. Here are some of the highlights:
1) They are currently broadcasting over 240 unique programs per week. Adding World Talk Radio will add another 50 per week.
2) They are now averaging over 3M Unique Viewers/month and that total is growing exponentially.
3) They are opening 3 new offices by the end of April 2007 which will bring their total to 5 and will cover the Southwest part of the US. New offices in San Diego, Denver and Las Vegas. All high growth areas. By February 2009 plan to expand their foot print to the entire United States.
4) 6 new networks to be online by April 2007 a. Sports Network b. Woman’s Network (Sounds like this could be significant) c. IRadioMD with Neutrogena ( New Pharmaceutical
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