posted
Two weeks?!!!?? pens, call it "super-long pennyland." nah, j/k guys. PLNI is long for me and HISC woulda been but my broker LOST THE ORDER or I fat-fingered some loser so i'm too emotional to trade it right now. another one, the robot guys IVHG...glta btw, from what i've seen pens makes good picks...serious longs, PLNI & GTEL, imho
posted
Come on people CNES has done nothing but dilute shares over the past few months with possible new dilution for future financial loans.
And ICAN made promises of spin off a lured in investors while using PalTalk to convince of a bright future. Then turned on them with a buyout. Always posting gross revenue as if it was real net revenue. Really now.
Two big scams. Next thing you will recommend MLON and PRRM.
HCCF made a herbal treatment and passes it off as a drug. But many buy into it thinking they are getting the next cure for diabetes.
-------------------- Learn the hard way with pennies Posts: 153 | Registered: Nov 2004
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COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES: FEM ONE INC files Form 8-K, Current Report
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (date of earliest event reported): May 17, 2005
FEMONE, INC. (Exact name of registrant as specified in its charter)
Nevada (State or other jurisdiction of incorporation)
5600 Avenida Encinas, Suite 130 Carlsbad, CA 92008, USA Telephone: (760) 448-2498
(Address and telephone number of principal executive offices and place of business)
ITEM 8.01 OTHER EVENTS AND REGULATION FD DISCLOSURE
On May 17, 2005, the Company announced results for the quarter ended March 31, 2005.
A copy of the press release issued May 17, 2005, is attached to this Form 8-K as Exhibit 99.1.
SIGNATURES:
Pursuant to the requirement of the Securities Exchange Act of 1934 the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
FEMONE, INC.
By: /s/ Ray W. Grimm, Jr. ------------------------------------------ Ray W. Grimm, Jr., Chief Executive Officer
Dated: May 19, 2005
EXHIBIT 99 PRESS RELEASE
For Immediate Release
FEMONE ANNOUNCES FIRST QUARTER 2005 EARNINGS RESULTS. SALES UP 700% FROM SAME PERIOD LAST YEAR.
Carlsbad, CA, May 17, 2005 - FemOne, Inc. (OTCBB: FEMO), a publicly held Nevada corporation (the "Company"), reported consolidated sales for the quarter ended March 31, 2005 of $1,752,627, an increase of approximately 700% over the first quarter of 2004. The increase in sales in 2005 is primarily attributed to the growth of FemOne's technology division, BIOPRO Technology, since the first quarter of 2004.
Gross profits for the quarter ended March 31, 2005 were $1,306,319, an increase of 703% over gross profits of $162,586 reported for the first quarter of 2004.
Consolidated net loss attributable to common stockholders for the quarter ended March 31, 2005 was $1,288,245, or ($0.04) per share, compared to a consolidated net loss of $588,477, or ($0.02) per share, for the quarter ended March 31, 2004. The increase in net loss in 2005 was directly attributable to an increase in expenses associated with the Company's expanded operations and efforts to continue its business growth. Included in the net loss for the 2005 period are other non-cash expenses of approximately $695,000, representing the amortization of charges incurred in connection with the Company's convertible debt financing.
Operating expenses for the quarter ended March 31, 2005 were $1,843,890, compared to $739,334 for the same period in 2004. The increase in operating expense was due to increases in commission expenses incurred on the increased sales, as well as increases in promotion and marketing expenses and increases in costs incurred as a publicly-reporting company. Operating expenses as a percentage of sales decreased to 105% for the quarter ended March 31, 2005, from 337% for the quarter ended March 31, 2004.
Included in the Company's consolidated results for the three months ended March 31, 2005 are revenues and expenses from its two controlled subsidiaries, BIOPRO Australasia Pty, Ltd, which operates the Company's direct sales effort in Australia and New Zealand, and SRA Marketing, Inc., which is responsible for all sales made over the Direct Response Shopping network. Each of these subsidiaries began their operations in the fourth quarter of 2004. Their revenues represent 23% and 16%, respectively, of the Company's consolidated revenues for the three months ended March 31, 2005.
Commenting on the results, Ray W. Grimm, Jr., the Company's chief executive officer, stated "To grow our revenues by some 700% within one year is extremely rewarding for us, and a great sign that the marketing efforts and initiatives we have implemented are being received favorably by our distributors and customers. We look forward to keeping this sales momentum and achieving profitability."
The information contained in this press release should be read in connection with the Company's Annual Report on Form 10-KSB for the year ended December 31, 2004, containing the Report from the Company's Independent Registered Public Accounting Firm that includes a qualification as to the Company's ability to continue as a going concern and other information necessary for an understanding of the Company, as well as its Quarterly Report on Form 10-QSB for the period ended March 31, 2005.
ABOUT FEMONE, INC.
FemOne, Inc. (OTCBB: FEMO), based in Carlsbad, California is sales and marketing company with distribution in the United States, Canada, Australia and New Zealand. More information about FemOne and its products can be found on the company's web sites at www.femone.com or www.bioprotechnology.com, by e-mail at FEMOIR@femone.com or by calling FemOne Inc. at (760) 448-2498.
ANY STATEMENTS MADE IN THIS PRESS RELEASE WHICH ARE NOT HISTORICAL FACTS CONTAIN CERTAIN FORWARD-LOOKING STATEMENTS, AS SUCH TERM IS DEFINED IN THE PRIVATE LITIGATION REFORM ACT OF 1995, CONCERNING POTENTIAL DEVELOPMENTS AFFECTING THE BUSINESS, PROSPECTS, FINANCIAL CONDITION AND OTHER ASPECTS OF THE COMPANY TO WHICH THIS RELEASE PERTAINS. THE ACTUAL RESULTS OF THE SPECIFIC ITEMS DESCRIBED IN THIS RELEASE, AND THE COMPANY'S OPERATIONS GENERALLY, MAY DIFFER MATERIALLY FROM WHAT IS PROJECTED IN SUCH FORWARD-LOOKING STATEMENTS. ALTHOUGH SUCH STATEMENTS ARE BASED UPON THE BEST JUDGMENTS OF MANAGEMENT OF THE COMPANY AS OF THE DATE OF THIS RELEASE, SIGNIFICANT DEVIATIONS IN MAGNITUDE, TIMING AND OTHER FACTORS MAY RESULT FROM BUSINESS RISKS AND UNCERTAINTIES INCLUDING, WITHOUT LIMITATION, THE COMPANY'S DEPENDENCE ON THIRD PARTIES, GENERAL MARKET AND ECONOMIC CONDITIONS, TECHNICAL FACTORS, THE AVAILABILITY OF OUTSIDE CAPITAL, RECEIPT OF REVENUES AND OTHER FACTORS, MANY OF WHICH ARE BEYOND THE CONTROL OF THE COMPANY. THE COMPANY DISCLAIMS ANY OBLIGATION TO UPDATE INFORMATION CONTAINED IN ANY FORWARD-LOOKING STATEMENT.
THESE FORWARD LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS THAT MAY CAUSE OUR ACTUAL RESULTS, LEVELS OF ACTIVITY, PERFORMANCE, OR ACHIEVEMENTS TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS, LEVELS OF ACTIVITY, PERFORMANCE, OR ACHIEVEMENT EXPRESSED OR IMPLIED BY SUCH FORWARD LOOKING STATEMENTS. IN SOME CASES, YOU CAN IDENTIFY FORWARD LOOKING STATEMENTS BY TERMINOLOGY SUCH AS "MAY," "WILL," "SHOULD," "COULD," "INTEND," "EXPECTS," "PLAN," "ANTICIPATES," "BELIEVES," "ESTIMATES," "PREDICTS," "POTENTIAL," OR "CONTINUE" OR THE NEGATIVE OF SUCH TERMS OR OTHER COMPARABLE TERMINOLOGY. ALTHOUGH WE BELIEVE THAT THE EXPECTATIONS REFLECTED IN THE FORWARD LOOKING STATEMENTS ARE REASONABLE, WE CANNOT GUARANTEE FUTURE RESULTS, LEVELS OF ACTIVITY, PERFORMANCE, OR ACHIEVEMENTS. MOREOVER, NEITHER WE NOR ANY OTHER PERSON ASSUMES RESPONSIBILITY FOR THE ACCURACY AND COMPLETENESS OF SUCH STATEMENTS.
- Tables Follow -
FemOne, Inc. Summary Consolidated Financial Information
For the three months ended Statement of Operations Data: March 31, 2005 2004 ------------ ------------ REVENUES Sales $ 1,752,627 $ 219,491 Cost of Sales 446,308 56,905 ------------ ------------ Gross Profit 1,306,319 162,586 ------------ ------------
EXPENSES Order fulfillment costs 882,042 126,642 Sales and marketing 531,033 253,967 General and administrative 430,815 358,725 ------------ ------------ Total Expenses 1,843,890 739,334 ------------ ------------ LOSS FROM OPERATIONS (537,571) (576,748) ------------ ------------ OTHER INCOME (EXPENSES), net (712,380) (11,729) ------------ ------------ LOSS BEFORE MINORITY INTEREST (1,249,951) (588,477)
MINORITY INTEREST IN SUBSIDIARY (38,294) -- ------------ ------------
NET LOSS $ (1,288,245) $ (588,477) ============ ============ NET LOSS PER COMMON SHARE - Basic and Diluted $ (0.04) $ (0.02) ============ ============ WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - Basic and Diluted 36,501,773 26,198,509 ============ ============
Balance Sheet Data: March 31, December 31, 2005 2004 ----------- ----------- Cash $ 496,744 $ 720,468 Accounts receivable $ 87,707 $ 261,888 Inventory $ 614,880 $ 370,958 Intangible assets, net $ 230,908 $ 239,457 Net working capital $ 343,886 $ 882,613 Total assets $ 1,994,243 $ 2,309,186 Accounts payable and accrued liabilities $ 1,026,777 $ 643,959 Deferred Compensation $ 76,011 $ 76,011 Convertible notes payable, net $ 880,061 $ 473,336 Notes payable - related parties $ 650,009 $ 735,553 Total liabilities $ 2,632,860 $ 1,928,859 Minority interest in subsidiaries $ 81,817 $ 43,523 Total stockholders deficit $ (720,432) $ (336,934)
# # #
End of News Created by:
Posts: 582 | Registered: Jan 2005
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posted
ICAN - on share buyback UNQT - its ready to move post split PTSNE - intraday was up over 100% yesterday looking to continue going up TNGO - may have hit bottom.
Posts: 1326 | From: Providence,RI,USA | Registered: May 2004
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-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT? Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
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posted
idta- been real quiet last few weeks/agressive ceo and marketing team plni- very big niche product/ close to ocb/ 2-4 products that really havent even lanched yet ssyte- gut feeling due to upcoming secgov convention this coming week
Posts: 952 | From: OH | Registered: Apr 2005
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posted
PLNI - to close @ .013 by the end of the week HISC - to close @ .05 by the end of the week
Posts: 218 | From: Grungteb | Registered: Nov 2004
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posted
GTE (formerly GTEL): could be volatile first 2 weeks on AMEX...could zoom with strategic PR's HISC: great momentum from last week and should continue uptrend...a solid PR and it will zoom PLNI: solid company, undervalued, great momentum, plenty of room to move up UNQT: volume picking up, a solid PR and it should uptick
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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posted
PLNI-> will send my kid through school!! HISC-> will cut my mortgage by 10 years WFTV-> solid PR will send this one flying ECUI-> nice play in immediate future
-------------------- speak from your heart, invest from experience... Posts: 261 | From: Dallas | Registered: May 2005
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posted
QBID-It's getting closer to June 1,and that's when they have POD on 107 stations and 16 million homes.(Not actual subscribers)yet! They are also trying hard to get off the pinks! They hired a CPA for auditing! (PLEASE don't take this as a pump,just a believer!)
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