posted
Hey guys! Been lurking for quite some time. New to posting. Not PGHI news, but a solid boost for the industry. A well timed PR with this would be great!
LAKELAND - Someone found Nemo, and he's in a warehouse in Lakeland. But he won't stay long. The popular DVD of Disney's animated film ``Finding Nemo'' is among thousands of movies coming and going each day from a nondescript warehouse that serves as the newest distribution center for Netflix Inc., an online movie rental company that is shaking up the industry.
The distribution center, tucked away in rural Lakeland, has operated for about two months and will serve Central Florida, from Sarasota to Daytona. It joins 21 other Netflix movie distribution centers nationwide, including another Florida site in Fort Lauderdale.
Thousands of movies come into the building every morning - and many others are mailed every night to Netflix customers in Florida who have ordered them.
``The target market is people who love movies and hate Blockbuster,'' said Reed Hastings, chief executive officer of the Los Gatos, Calif.-based company.
Netflix is a subscription service that allows people to make an online list of movies they want to see. For $19.95 a month, they get three DVDs at a time by mail. There are no due dates or late fees.
When a customer is done with a movie, he or she mails it back in the postage-paid envelope, and a new one arrives in the mail from their list. The company sends an e-mail notification when it receives returned DVDs and when it sends out new ones.
Netflix has 1.5 million subscribers nationwide - nearly twice as many as a year ago, Hastings said.
Netflix is growing quickly, tapping 3 percent of the video rental market, which is dominated by Blockbuster Inc., Hastings said.
In 2003, consumers spent $4.5 billion renting DVDs, up 55 percent from the previous year, according to the Digital Entertainment Group, which tracks industry information.
``Just the thought of going to a video store that, No. 1, takes time and effort to get to; No. 2, is crowded; No. 3, may not have the movie I'm looking for; and No. 4, I have to go back to and return the movie on time or I get charged a late fee - there is little appealing about that,'' said Derek Brown, an analyst with San Francisco's Pacific Growth Equities, a market maker for Netflix.
Netflix has 15,000 movies and television series - about 10 times the number of titles at the average video rental store.
When a Netflix subscriber in Tampa orders a movie, chances are it would come from the new Lakeland office, and it would be delivered the next day.
``If somebody wanted `Casablanca,' and I didn't have it, it would probably come from Fort Lauderdale or Atlanta,'' said Lance Love, operations manager for Netflix in Lakeland. ``So you don't have to wait for it to come from California.''
About 80 percent of DVDs are delivered next day; most of the rest arrive in two days, Love said.
He wouldn't say how many DVDs the Lakeland operation stocks, but said that the average distribution center receives 5,000 to 30,000 DVDs a day in the mail and ships an equal number.
The operation is kept lean, employing about a dozen people. Hastings said the Lakeland office is similar in size to the Netflix distribution warehouse in Los Angeles. After being open for two years, that office has 50 workers.
As subscribers have flocked to the young company, so have investors. Shares of Netflix have more than tripled in value over the past two years, closing Wednesday at $65.10.
``It's the big new thing in movie rental,'' Hastings said. ``It is steadily transforming the movie business.''
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The road to Gameznflix..... _____________________________________________
1. Preliminary Proxy PRE14A - Completed 11/10/2003 2. Official Notification to Shareholders of matters to be brought to vote within the proxy DEF14A - Completed 11/20/2003 3. Preliminary Informational Proxy Statement PRE14C - Completed 12/11/2003 4. Definitive Informational Statement DEF14C - Completed 01/05/2004 5. Mailing by Interwest Transfer Company(transfer agent) to shareholders of record - Initiated 01/07/2004 *25 business day window to complete - ending 02/12/2004
6. Amended articles filed with State of Nevada for name change - Incomplete 7. Request of a NEW CUSIP#(A number identifying all stocks and registered bonds) - Incomplete 8. Request for a NEW trading symbol - Incomplete 9. Finally NEW symbol being granted from the OTCBB. - Incomplete _____________________________________________ as of January 15,2004
[This message has been edited by m_h13021 (edited January 15, 2004).]
posted
I just confirmed..... The PPM shares ARE included in these numbers. The difference between the "Issued" and the "Float" does include the private placement. This does not mean that the whole difference is the PPM, its just included. But 239 million is a big number. Hopefully a large percent of that is the PPM.
12.15.2003 _____________ Authorized: 900,000,000 Issued: 440,799,949 Float: 197,361,116 ________________________ Per Interwest Transfer Company 01/13/2003 (801)277-1400
quote:Originally posted by BetNitAll: I just confirmed..... The PPM shares ARE included in these numbers. The difference between the "Issued" and the "Float" does include the private placement. This does not mean that the whole difference is the PPM, its just included. But 239 million is a big number. Hopefully a large percent of that is the PPM.
12.15.2003 _____________ Authorized: 900,000,000 Issued: 440,799,949 Float: 197,361,116 ________________________ Per Interwest Transfer Company 01/13/2003 (801)277-1400
posted
I called the number on the bottom of the stats you posted. The lady walked me through what all the numbers meant (The actual number for the float has to be retrieved from PGHI). The difference between the "Issued" and the "Float" is all restricted shares. Including the PPM.
It most likely includes things like the 14 million shars the wiseman brothers have.
Thats not too bad. Less then 500 million shares issued. And under 300 million on the float. Some comapnies have 1 billion or more Issued. We are in great shape guys!
[/b][/QUOTE]
[This message has been edited by BetNitAll (edited January 15, 2004).]
quote:Originally posted by BetNitAll: I called the number on the bottom of the stats you posted. The lady walked me through what all the numbers meant (The actual number for the float has to be retrieved from PGHI). The difference between the "Issued" and the "Float" is all restricted shares. Including the PPM.
It most likely includes things like the 14 million shars the wiseman brothers have.
Thats not too bad. Less then 500 million shares issued. And under 300 million on the float. Some comapnies have 1 billion or more Issued. We are in great shape guys!
[This message has been edited by BetNitAll (edited January 15, 2004).][/B][/QUOTE]
posted
The news about the PPM is HUGE. Financing is the single most important aspect of getting this company off the ground (and thus the stock)....
Also, this recent pull-back has really confirmed the strength of the stock. There has been absolutely no news (when many expected news) which caused a pull back, but we did not crash. Instead, it was a healthy retracement and we established very strong support levels. In other words, the day-traders left, but the big money did not.... What does that tell you about the future?
quote:Originally posted by tommy: The stock was WAY oversold and now the bulls are back in control. Everything will be in order again very soon!
posted
My son just called and asked when the password protection was put on the new site? I told him last night and he said thats big! That means they are uploading the real site and checking for bugs. He said he could be wrong, but it appears the site will be up anytime. Could be today????
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posted
From the looks of the site yesterday, they are not anywhere near being done if in fact that was the complete package. None of the links were operational and pretty much all that was completed is the main layout.
Unless Roy Vella is working with a team of people (seems he's solo), I would still give it a few weeks. Even the company gave such a timeline.
I believe the real reason they password protected the site was to keep the public from viewing what was really a "work in progress". Plus, they password protected the development domain, not the real one. So they are not uploading any production or final copies yet...
January may be a slow month, but February looks very good
quote:Originally posted by RedBullish: From the looks of the site yesterday, they are not anywhere near being done if in fact that was the complete package. None of the links were operational and pretty much all that was completed is the main layout.
Unless Roy Vella is working with a team of people (seems he's solo), I would still give it a few weeks. Even the company gave such a timeline.
I believe the real reason they password protected the site was to keep the public from viewing what was really a "work in progress". Plus, they password protected the development domain, not the real one. So they are not uploading any production or final copies yet...
January may be a slow month, but February looks very good
posted
Roy is a designer, he does the graphics and the layout. Lance and other developers are working on the backend DB's and software to tie Roy's design with the system's backbone.
I believe that the development site was not password protected for a few hours to allow some people, maybe private investors and advertisers, to get a glimpse of what's to come.
GLTA!
quote:Originally posted by RedBullish: From the looks of the site yesterday, they are not anywhere near being done if in fact that was the complete package. None of the links were operational and pretty much all that was completed is the main layout.
Unless Roy Vella is working with a team of people (seems he's solo), I would still give it a few weeks. Even the company gave such a timeline.
I believe the real reason they password protected the site was to keep the public from viewing what was really a "work in progress". Plus, they password protected the development domain, not the real one. So they are not uploading any production or final copies yet...
January may be a slow month, but February looks very good
posted
I don't know much about this stuff, but My son said the link was totally HTML anotherwords a picture of the front page. He said it had nothing to do with the actual page. It was just to show what it was going to look like. Just his professional opinion of course
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posted
Yes, the page was not tied to any functionality or backend service. I'm in the web development world too and it's what we call a mock-up.
Again I believe that they are showing it to some private investors or advertisers.
GLTA!
quote:Originally posted by john19623: I don't know much about this stuff, but My son said the link was totally HTML anotherwords a picture of the front page. He said it had nothing to do with the actual page. It was just to show what it was going to look like. Just his professional opinion of course
posted
I opened an acct Tuesday with ameritrade tried to buy Wednesday when the funds came available and they are saying I can't trade the OTCBB for 5 days? OUCH could be too late..any suggestions?
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posted
Do a wire only takes 5 to 6 hours and you can use the funds.
quote:Originally posted by Brada777: I opened an acct Tuesday with ameritrade tried to buy Wednesday when the funds came available and they are saying I can't trade the OTCBB for 5 days? OUCH could be too late..any suggestions?
posted
I have purchased a large amount of shares today.
I will be going on my trip back east next week. Leaveing on Saturday and returning on Friday. Will be seeing John Flemming on my return trip and asking questions as to placeing a good amount of cash twards the private funding.
posted
BetNit........looks like my source was correct! Nice to hear it from Interwest too.
Good things are coming soon! PSU
Guess my buy order at .041 isn't going to execute today! LOL!
quote:Originally posted by BetNitAll: I just confirmed..... The PPM shares ARE included in these numbers. The difference between the "Issued" and the "Float" does include the private placement. This does not mean that the whole difference is the PPM, its just included. But 239 million is a big number. Hopefully a large percent of that is the PPM.
posted
If you only knew what was in store for us soon....hehehehehehehehe
quote:Originally posted by RedBullish: From the looks of the site yesterday, they are not anywhere near being done if in fact that was the complete package. None of the links were operational and pretty much all that was completed is the main layout.
Unless Roy Vella is working with a team of people (seems he's solo), I would still give it a few weeks. Even the company gave such a timeline.
I believe the real reason they password protected the site was to keep the public from viewing what was really a "work in progress". Plus, they password protected the development domain, not the real one. So they are not uploading any production or final copies yet...
January may be a slow month, but February looks very good
quote:Originally posted by Magoo: I have purchased a large amount of shares today.
I will be going on my trip back east next week. Leaveing on Saturday and returning on Friday. Will be seeing John Flemming on my return trip and asking questions as to placeing a good amount of cash twards the private funding.
Good day today everyone
Magoo
Bring Home some VeeGeeZ "Late FEES Suck" stickers ok?
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