Videomoviehouse.com Inc., through its website www.videomoviehouse.com, sells and rents DVDs to both U.S. and Canadian residents. Customers are able to rent as many DVDs as they can watch for a flat monthly fee of $17.99 per month without having to worry about paying late fees. The company has an existing database of over 200,000 customers from DVD sales. By offering a truly one-stop shopping experience, the online customer will have the option to either buy or rent a DVD at anytime. With both options together on one site, the company expects to see increased traffic and sales in both divisions. The company currently has 37,000 unique titles in its movie database.
Publisher's Note:
I don't usually go too far out on a limb to recommend stocks, but this is my favorite stock pick right now. Once the company's affiliate program kicks into gear, their subscription rates will start to soar as will their revenue. Company expects to announce revenues between $3.5M to $4M for fiscal year in the next few weeks. I expect their revenues to be 4x to 5x that next year or maybe more. Rumor has it that company may be looking at online entertainment acquisition targets which could also quickly add to their revenue stream. Company is one of the biggest online DVD sellers on Amazon.com, Ebay, and Half.com. Their goal is to be #1 in Canada before end of 2005, and within next 12 months be #3 in US behind NetFlix and Blockbuster in online DVD rental market. They have publicly stated that their goal is to have 1 million DVD rental subscribers by June 2006. At $17.99 per month, you do the math. At this per share price I would seriously recommend stashing away some shares of this stock as a long term play. I seriously doubt that you will be sorry. I can see this moving to $2+ per share or more in next 12 months. On this one I feel comfortable being way out on the limb! Don't look back in 12 months and say to yourself, "I wish I'd have picked up X thousand shares when it was at $.12!"
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Aug 29, 2005 (M2 PRESSWIRE via COMTEX) -- Arlington, Texas, Monday, August 29: Videomoviehouse.com Inc. (OTCBB: VMHVF) Reached Over the 30-day Mark Saturday Since Trading Began on the Over The Counter Bulletin Board, PlanetLink's (OTCBB: PLKC) TransTRAK Device Featured In AMSA's Magazine 'Direction', Ingen Technologies (OTC: IGTN) Considers Acquisition, and Isonics Corp. (OTCBB: ISON) Announced August 26, 2005, $4.8 Million in Multiple Contract Awards for Protection Plus Subsidiary and Cambrex to Present at Thomas Weisel Partners' Healthcare Tailwinds 2005 Conference. For information on featuring a stock on www.TechStockReview.com please e-mail: editor@techstockreview.com
Videomoviehouse.com Inc. (VMHVF), an innovative online DVD sales and rental company announced July 27, 2005 that it had been approved by the NASD for trading on the Over the Counter Bulletin Board. The effective date was July 28, 2005. Therefore, the 30-day mark was reached on Saturday, August 27, 2005.
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I have been in cantact with the CEO for the last month, this is an email I recieved from him August 11.
-----Original Message----- From: Steve Gaspar [mailto:steve@videomoviehouse.com] Sent: Thursday, August 11, 2005 1:31 AM To: 'Joe Bassi' Subject: RE: Investor inquiry.
I appreciate your support. Our 10K is due out by Sept. 30th. Total revenues should exceed 3.7 million for the year and our quarter should come in around $950,000 and be close to break even if not marginally profitable. These are unaudited estimates only. We just underwent a lengthy SEC review of our filings and should have our audited financials done early this year.
As you are aware, we are embarking on a very aggressive expansion of our business. I have stated publicly that within a year I would like VMH to be the #1 on-line DVD distributors in Canada and a strong #3 in the USA. I am working on it.
This expansion will require vast amounts of capital for inventory, extra office and warehouse staff and equipment. This week I concluded negotiations with the 2 largest DVD wholesale distributors in Canada on increased credit lines for the company to help finance this expansion. You must appreciate that until very recently all credit lines, with suppliers and banks were personally guaranteed by me. As of July 27th, things have changed and the company’s credibility has increased dramatically in the eyes of the banks and suppliers. My guarantees are coming off gradually. What you may not know is that the company has taken in next to nothing in financing from investors or government agencies. It’s been flying on it’s own with the aid of my pocketbook and the aid of a few close friends since Sept., 2002 when we were spun off.
We are working steadily to increase investor awareness. No public offerings are contemplated at present because of what we feel is a low share price. We’ll go the markets for capital when our pps is higher. Private placements of restricted stock will be made available from time to time to finance any acquisitions or other expansion activities. Restricted VMHVF shares will be pledged with various suppliers of inventory as security when required. I will be as frugal as I can be moving forward. I hope that I have addressed most or all of your concerns.
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This is the most thourough response I have ever seen from a CEO or IR person, I believe this company is the real deal and extremely undervalued.
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I was in and out about a month ago. Don't let the bid/ask fool you. For whatever reason when I was in it someone would buy/sell 1 share at a time. I was in before at.09 and out at .12 prior to going to otc market. I wish I would have stayed. The website has a great interview with the ceo. He goes in depth about future.
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"I can see this moving to $2+ per share or more in next 12 months. On this one I feel comfortable being way out on the limb! Don't look back in 12 months and say to yourself, "I wish I'd have picked up X thousand shares when it was at $.12!""
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What are you talking about? This is not a group pick. This is a great company. I got in yesterday at .13. I have been watching this stock for over a month and I have been in contact with the CEO. Sorry if you lost on one of my picks, Olson. I suggest you do your own DD before you get into anyones' picks.
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b-thc, that's the problem with running with momo crowd: your credibility becomes suspect, to say the least. Not bashing your pick; don't know anything about it. Merely making an observation; do as thou wilt...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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quote:Originally posted by bigthc1: What are you talking about? This is not a group pick. This is a great company. I got in yesterday at .13. I have been watching this stock for over a month and I have been in contact with the CEO. Sorry if you lost on one of my picks, Olson. I suggest you do your own DD before you get into anyones' picks.
And it was only yesterday that BigT was blaming FOT for bad picks. What a laugh.
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You guys just can't get enough. This is a good pick. I didn't say FOT makes bad picks. I said I got screwed twice. It was my fault no doubt, but they were his picks. I can't blame him anymore and I am over it. My first post here says medium to long hold. I'm sticking with it.
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This was down to .08 yesterday. Bouncing today currently at .11. The quarterly report must be on it's way. I believe the selling this week may have been employees exercising their stock options but I'm not sure. The new coming should be good news, good luck.
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This thing is all over the place. Got in at .13 and I still think that was a good deal. Have been averaging down since. I believe the MMs or some major shareholder is shaking down the public in order to get cheaper shares. This company is worth so much more than this. Market cap right now is about $3 Million. For a company that is number three to Netflix and BLockbuster that is extremely low. I will be accumulating until the PR comes out before the end of the month.
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