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I started reading about TALL on some other boards - Interesting. I wonder why it doesn't have it's own thread HERE??
Do any of you own it? What do you all think of it and it's prospects for the rest of this year?? TIA
ActiveCore Announces Improved Financial Results for Fiscal 2003 TORONTO, May 7, 2004 /PRNewswire-FirstCall via COMTEX/ -- IVP Technology Corp. (OTC Bulletin Board: TALL), d.b.a. ActiveCore Technologies, Inc., has announced significantly improved financial results for the 2003 fiscal year in its 10KSB filing to be made today with the SEC. In the 10KSB filing for December 31, 2003, ActiveCore revealed that revenues almost doubled to $612,953 over the $314,063 recorded in the fiscal year ended December 31, 2002. Primary reasons for the increase were the ongoing success of the company's MDI Solutions group, which specializes in healthcare data integration services and software, and recent inroads into the financial services market. The net loss for the most recent fiscal year was $1,845,984 or $(0.01) per share versus fiscal 2002's loss of $21,831,664 or $(0.32) per share. The weighted number of shares outstanding at December 31, 2003 was 190,536,415 versus 66,013,725 in the fiscal 2002 period.
The company also marked a major turnaround on its balance sheet with assets rising to $1,256,370 in the 2003 fiscal year from $637,117 at the fiscal year ended 2002. Liabilities fell from $15,121,769 at the end of December, 2002 to $2,392,173 on December 31, 2003. Total stockholder deficiency also decreased to $1,135,803 from $14,484,653.
Brian MacDonald, Chairman and CEO of ActiveCore said, "we expect further improvements in our financial statements as we progress through the 2004 fiscal year. In the first quarter of 2004 we sold certain assets associated with of our cell phone game/ring tone development staff and our attendant game/ring tone distribution portals to concentrate on our mission of selling Smart Enterprise Suite software and services. Our Smart Enterprise products and services are sold tactically and "integrate, enable and extend" internal applications and processes in healthcare, financial services, education and government sectors. Proceeds from the sale of the game assets, details of which were previously announced, will be recorded in this year's first quarter financials and result in ongoing interest and royalty revenues which will extend out for several years. Our debt/equity position will be favorably impacted by the sale, which, in turn, should allow us to expand our operations and grow our sales and marketing activities into other areas within our overall technology and business roadmap."
About ActiveCore Technologies, Inc.
IVP Technology Corporation, d.b.a. ActiveCore Technologies, Inc. develops, sells and implements its "Smart Enterprise" suite of products. These products consist of web portal, enterprise and mobile components and applications which provide organizations of all sizes the capability to "integrate, enable and extend" back office systems to connect to customers and stakeholders. ActiveCore also operates under the name MDI Solutions, an IT and specialized integration service primarily to the healthcare industry.
For information about ActiveCore contact Brian MacDonald at (416) 252-6200. Detailed information about ActiveCore can be found on the website www.activecore.com.
Statements contained in this news release regarding IVP Technology and planned events are forward-looking statements, subject to uncertainties and risks, many of which are beyond IVP Technology's control, including, but not limited to, reliance on key markets, suppliers, and products, currency fluctuations, dependence on key personnel and trade restrictions, each of which may be impacted, among other things, by economic, competitive or regulatory conditions. These and other applicable risks are summarized under the caption "Risk Factors" in IVP Technology's Registration Statement on Form SB-2 filed with the Securities and Exchange Commission on December 24, 2003. Forward-looking statements by their nature involve substantial risks and uncertainties. As a result, actual results may differ materially depending on many factors, including those described above.
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ActiveCore Announces Acquisition of C Comm Network Corporation TORONTO, May 7, 2004 /PRNewswire-FirstCall via COMTEX/ -- IVP Technology Corp. (OTC Bulletin Board: TALL), d.b.a. ActiveCore Technologies, Inc., announced today that it has acquired all the issued shares of C Comm Network Corporation, a privately held Toronto based company, effective May 6, 2004. The purchase price, approximately USD 475,000, will be satisfied by issuance of ActiveCore shares. C Comm is a corporate message broadcasting service which employs communication media such as Facsimile, Voice, SMS text, MMS graphics and e-mail to deliver dedicated messages to an organization's customers, partners, employees and other stakeholders in the mode preferred by the recipient. C Comm's outbound messaging capability provides ActiveCore with a key technology infrastructure platform which will combine with the capabilities of its DynaPortal and ActiveLink products. The company will begin marketing C Comm's capabilities under the product category "ActiveCast". Using ActiveCast the company will begin to offer a complete range of inbound data capture, legacy data base access, and outbound messaging products and services.
Brian MacDonald, Chairman and CEO of ActiveCore said "We believe that the addition of C Comm's existing customer base will allow our revenue from this portion of our business to reach approximately USD 1 million by the end of the current fiscal year. Revenue from this division will be recurring and brings with it a high profit margin. In the last week we also added four additional experienced sales personnel to augment C Comm's existing sales force."
Robert Schieren, spokesman for C Comm Network Corporation commented "we are very excited by the purchase of our company by ActiveCore and by the ability to link our technology and customers with ActiveCore's portal and data base integration capabilities. Companies such as J2 Global and Xpedite have already demonstrated that linking back office systems through specialty portals to outbound communication media is a powerful tool for creating truly "Smart" enterprises. ActiveCore's growing customer base in health care, financial services and government provide the perfect market sectors for rapid expansion."
About ActiveCore Technologies, Inc.
IVP Technology Corporation, d.b.a. ActiveCore Technologies, Inc. develops, sells and implements its own "Smart Enterprise" suite of products. These products consist of web portal, enterprise and mobile components and applications which give organizations of all sizes the capability to "integrate, enable and extend" back office systems to connect to customers and stakeholders. ActiveCore also operates under the name MDI Solutions, as an IT and specialized integration service primarily to the healthcare industry. For information about ActiveCore contact Brian MacDonald at (416) 252-6200. Detailed information about ActiveCore can be found on the website www.activecore.com.
Statements contained in this news release regarding IVP Technology and planned events are forward-looking statements, subject to uncertainties and risks, many of which are beyond IVP Technology's control, including, but not limited to, reliance on key markets, suppliers, and products, currency fluctuations, dependence on key personnel and trade restrictions, each of which may be impacted, among other things, by economic, competitive or regulatory conditions. These and other applicable risks are summarized under the caption "Risk Factors" in IVP Technology's Registration Statement on Form SB-2 filed with the Securities and Exchange Commission on December 24, 2003. Forward-looking statements by their nature involve substantial risks and uncertainties. As a result, actual results may differ materially depending on many factors, including those described above.
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For get I asked. It has an E at the end right now. IVP TECHNOLOGY (OTC BB:TALLE.OB) Quote data by Reuters Last Trade: 0.015 Trade Time: 3:58PM ET Change: 0.0005 (3.45%) Prev Close: 0.0145 Open: 0.016 Bid: 0.014 x 5000 Ask: 0.015 x 5000 1y Target Est: N/A
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They droped the "E" on INOV,but then look what to them.Sorry to their investors.Didn't get in but watched it unfold.
Posts: 2634 | From: The highway | Registered: Feb 2004
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they should be coming out with a 10Q report next week... we will see if it runs... they reported a good 10k IMO
Posts: 59 | Registered: Dec 2003
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Yes the "E" is off TALL. It came off today but it might take time update on the brokerage boards. I know Ameritrade is all shows TALL in my portfolio but on the streamer TALL is not showing any numbers yet. http://www.otcbb.com/asp/dailylist_deta...05/10/2004
Do your DD on this one. IMO the pps will start rising. The 10-K was a huge improvement over last year, we lost the E and their should be a positive 10-Q coming out soon.
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This is the calm before the storm. Everyone is waiting for the 10Q!
Just as a quick calculation, a net EPS of +0.01 in the 10Q would translate into a PPS of .15-.35 depending on the multiplication factor from the buying interest and market reaction.
Now a +0.02 would send this baby right through .50 before you can even say "wow"! Remember the AGIS run from 0.01 to 0.70 in 3 days? Well with the 10Q next week reporting profit, TALL will do the same!
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