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look at the recent volume increases (the the rising pps lately) - this is the paypal/ebay competitor...and might well reach previousl levels when their xmas numbers are out...
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400,000 dont seem to think so. here's 2 press releases in the lsat 2 days:
GreenZap Membership Breaks the 400,000 Mark Tuesday December 13, 9:30 am ET
SAN DIEGO--(BUSINESS WIRE)--Dec. 13, 2005--GreenZap, Inc. (Pink Sheets:GZPN - News), a provider of secure online payment services, announced today that in just seven short months since the release of its online payment portal in June, membership has grown to exceed 400,000. The large volume of growth in the fourth quarter of this year is attributed to the company's growing popularity as a payment processing alternative. ADVERTISEMENT
The most recent rise in GreenZap's popularity is due in large part to increased member satisfaction since the implementation of their online store. Members are rewarded with WebCash, which can now be used not only to cover transaction fees, but also in the online store toward discounts on a variety of goods and services through partner merchants. Additionally, GreenZap offers increased discounts and free transactions for members who upgrade their account to "Gold" status. In the month of November alone, sales of Gold memberships are up approximately 310% over previous months. Overall, registration rates have reached an average of 800 new members each day.
When asked about the recent membership growth activity, GreenZap's COO, Michael Bernstein, commented, "We are very pleased at the rate of growth that we're seeing with new membership registration. Our team is working diligently to expand our services and has developed an in-depth, strategic growth plan for 2006 that will ensure continued success and member satisfaction." GreenZap aims to increase membership growth in the coming months by providing members with additional services. As part of this initiative, the company has contracted to build a proprietary payment gateway with the objective of reducing costs, ensuring better controls and delivering rapid transactions.
About GreenZap, Inc.
GreenZap Inc, a San Diego-based company, enables any business or consumer with an email address to send and receive money securely and cost effectively online. GreenZap is building its network on the existing infrastructure of bank accounts and credit cards to create a global payment system. GreenZap's system resembles PayPal® (eBay's payment processor), except that it charges a flat fee versus a percentage of each transaction, and rewards its members for using GreenZap's services. WebCash, GreenZap's rewards dollar, is an electronic currency that can be spent at partnering merchants and can be used to pay GreenZap transaction fees.
Since opening on June 1, 2005, GreenZap has grown to over 400,000 users, and, based on traffic alone, GreenZap has found itself in the top 1% of websites in the world, beating out online payment competitors such as moneygram.com, firstdata.com and Western Union's Moneyzap.com.
Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: competitive and general economic conditions, adverse effects of litigation, the timely development and acceptance of services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management, increased government regulation or the company's failure to integrate its acquired companies to achieve the synergies and efficiencies described in the "Management's Discussion and Analysis" section of the Company's Form 10-KSB and other reports and filings with the Securities and Exchange Commission, which may be revised or supplemented in subsequent reports on SEC Forms 10-QSB and 8-K.
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GreenZap November '05 Revenues Increase Over 300% Monday December 12, 9:30 am ET
SAN DIEGO--(BUSINESS WIRE)--Dec. 12, 2005--GreenZap, Inc., (Pink Sheets:GZPN - News), a provider of secure online payment services, announced today that its fourth quarter 2005 revenue earnings are exceeding previous expectations, with November yielding over a 300% increase from the month prior. The company reported early in the fourth quarter that it was seeing a 48% increase in revenues over its third quarter. The company expects the record growth to continue as new merchants are added daily to GreenZap's online store, where account holders can purchase thousands of brand name products and services using a portion of their rewards dollars. ADVERTISEMENT
"Consumers recognize the unique discounts found in our online store and are demonstrating that by making purchases and upgrading their accounts to realize even greater savings," said VP of Marketing Linda Murphy. "We are also seeing new account sign-ups at an all-time high."
Individuals and businesses use GreenZap as a platform to send and receive money online via email to complete transactions in an auction or retail environment. GreenZap rewards account holders with up to $50 in WebCash for opening an account. WebCash can be used to cover GreenZap transaction fees, or as a unique way to purchase goods and services at a discounted rate through GreenZap's online store. The exchange of WebCash is converted on a one-to-one ratio i.e. a $50 discount is equal to $50 in WebCash.
About GreenZap, Inc.
GreenZap, Inc., a San Diego, California-based company, enables any business or consumer with an email address to send and receive money securely and cost-effectively online. GreenZap is building its network on the existing infrastructure of bank accounts and credit cards to create a global payment system. GreenZap's system resembles PayPal® (eBay's payment processor), except that it charges a flat fee versus a percentage of each transaction, and rewards its members for using GreenZap's services. WebCash, GreenZap's rewards dollar, is an electronic currency that can be spent at partnering merchants and can be used to pay GreenZap transaction fees.
Since opening on June 1, 2005, GreenZap has grown to over 375,000 users, and based on traffic alone, GreenZap has found itself in the top 1% of websites in the world, beating out online payment competitors such as moneygram.com, firstdata.com, and Western Union's Moneyzap.com.
Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: competitive and general economic conditions, adverse effects of litigation, the timely development and acceptance of services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management, increased government regulation or the company's failure to integrate its acquired companies to achieve the synergies and efficiencies described in the "Management's Discussion and Analysis" section of the Company's Form 10-KSB and other reports and filings with the Securities and Exchange Commission, which may be revised or supplemented in subsequent reports on SEC Forms 10-QSB and 8-K.
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I came found this board because I was searching on oppinions on greenzap stock... And now I am trying to use that to learn about micro caps...
I have done a bunch of research about the company...and I just don't get it.
Company overview:
Greenzap is a payment processor that also has a multi-level marketting aspect. As far as I can tell, They generate revenue in the following three ways:
1) As a payment processor. 2) By commissions off of selling stuff through commission junction (or an equivalent program) 3) Selling gold memberships for $100.
Now I just don't get how they can make enough money to even break even. Breaking down their revenue steams: 1) Payment Processor: a) They give away enough web cash to cover the first 25 transactions a customer makes. b) They have been explicitly banned by name from ebay. c) They do not accept credit cards for transactions. How many people that are not using ebay make more than 25 transactions online WITHOUT credit cards?
2) Commissions -They are just a reseller of commission junction. a) The commissions there are not that high b) Other commission junction affilliate can offer the same deals. c) They give some of the commissions back d) Most of the stuff isn't in that high of demand. (think toner cartridges, Dish TV - the stuff you get tons of spam about).
3) The gold memberships - If you read any site that has greenzap members posting: www.scam.com www.zaptoday.com www.greenzapscam.com etc. You will see that almost all posts are negative. I doubt they are getting that many new members.
It appears to me that they are not generating much revenue.
So I ask myself "How are they still in business"?
Right before GreenZap was aquired by NPWV- the parent company did a 1 for 100 reverse stock split. i.e. they greatly reduced the shares out there. "Current Capital Change: shs decreased by 1 for 100 split Ex-Date: Record Date: Pay Date: 2005-06-30 Formerly=Window Interior Marketing Co. until 9-92 Formerly=ERICA (Environmental Research & Investment Corporation of America) until 6-05 Formerly=NPOWR Digital Media, Inc. until 7-05 " This was basically an empty company that had been around for a LONG time.
Once they got rid of the shares out there, they issued new ones...
NPWV "acquired all of Greenzap's issued and outstanding capital stock in a tax-free, stock-for-stock exchange for 75,000,000 newly issued shares of the company's common stock."
So now the few owners of Greenzap have 75,000,000 shares of the parent company. How many shares were there? The rumor is that they doubled the number of shares at least once...
So we now have a company that is thinly held with low profits...
We get back to the origional question, Why is the company still in business if it isn't making a promise?
Well we have the founders with a TON of stock. Maybe the purpose is just to pump up the stock so they can dump it and make cash that way?
http://www.otcmarquee.com/featured-company.htm "ATN Enterprises, LLC has been hired by third-party consultants (CLX & Associates, Inc.) and is contracted to receive 1,500,000 free-trading shares of NPWV for the publication and dissemination of this issue #384. "
http://investors.com/breakingnews.asp?journalid=32180789 "WSCF has been compensated Seventy Thousand Dollars for past coverage and Forty Thousand Dollars for current coverage of NPW Development, Inc. (NPWV), by a third party ...."
Now we have a company where the founder owned most of the stock.. Where 1.5 million shares and over $100,000 was spent to publize the stock of a company that I can't figure out their business model.
Now how has the stock done? They opened at around $1.00 after the aquisition... I think they are down to .13/share... A loss of 87 percent.
What would happen if people bought it, but then couldn't sell it? Maybe the demand is pretty light? Now remember The founder of greenzap had at least 75 MILLION shares...
So who would pay $100,000 to pump up the stock? Especially since the stock never went up- it only declined from the open?
I just don't get why anyone would invest in them...
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