CorpHQ Releases Voluntary Annual Report - OTC Company Reports Solid Earnings and Strong Revenue and Asset Growth
REDONDO BEACH, CA (March 15, 2005) - CorpHQ, Inc. (OTC:COHQ) today reported that it has posted its 2004 Annual Report containing independently reviewed financial statements at http://www.pinksheets.com/quote/finance.jsp?symbol=COHQ.
The information highlighted in this press release is contained in, and qualified in its entirety by the full text of, the Voluntary Report referenced above, and all readers are encouraged to consult the full report which includes, among other things, risk factors and other information necessary for a complete understanding of the company.
During the twelve month period ending December 31, 2004, total assets increased by 30% to $3,563,853 from $2,745,291 at December 31, 2003.
During the twelve month period ending December 31, 2004, total equity increased by 13% to $3,033,410 from $2,691,607 at December 31, 2003.
Revenue in the year ended December 31, 2004 increased by 44% to $1,798,507 from $1,251,028 in the year ended December 31, 2003. CorpHQ had net income of $757,119 for the year ended December 31, 2004 compared to net income of $730,077 for the year ended December 31, 2002, a 4% increase.
Steve Crane, co-founder and CEO of CorpHQ Inc. stated, "Our business is rather complex at times, but our goals for the future are straightforward: (1) Generate asset growth and cashflow by building solid companies that increase in value; (2) create awareness of CorpHQ in the capital markets to obtain a reasonable valuation for CorpHQ; (3) enhance the scope and scale of our operations; (4) become a principal investor by creating our own venture fund; and (5) qualify for a NASDAQ or American Stock Exchange listing. I believe our performance during the last three years shows that we have already made significant progress towards reaching these goals."
Crane added, "While these goals are ambitious, each and every member of our team strongly believes that they are within our reach. As we continue with our work to meet these goals, as always, we proudly commit ourselves to sound corporate governance, timely disclosure and above all, strong corporate principles and ethics."
About CorpHQ, Inc. CorpHQ Inc. operates as a holding company and business incubator; we organize, invest in, and provide comprehensive management support and a variety of resources to high-potential companies. CorpHQ also acquires interests in and provides consultation to selected companies that are synergistic with its portfolio companies.
Forward-Looking Statements "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. These forward looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results of the specific items described in this release, and the company's operations generally, to 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. 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, and we disclaim any obligation to update information contained in any forward-looking statement."
Business Description: We assist high-potential entrepreneurs in building their companies from concept to profitability. Our function is that of a "Business Launch Pad," and our goal is to create quality, high value companies; while accelerating their development from concept to liquidity event.
State of Incorporation: California
Country of Incorporation: USA Year of Incorporation 1993
Officers: Steven Crane, Chairman/CEO; Leslie Ashby, COO; Art F. Aviles, Director; Gregg Davis, Executive VP; Alan W. Silberberg, Senior VP
Fiscal Year End: December 31
Edgar Filing Status: Non EDGAR Filer
Outstanding Shares: 162,132,518 as of 2005-12-31
Estimated Market Cap: Not Available Authorized Shares: 500,000,000 as of 2005-12-31 Float: 62,209,400 as of 2005-12-31 Number of Shareholders of Record: 703 as of 2006-03-23
Current Capital Change: shs increased by 10 for 1 split Ex-Date: 2004-05-19 Record Date: 2004-05-17 Pay Date: 2004-05-18
Dividends:
Company Notes: Note=8-03 company is in the development stage
Transfer Agent: Interwest Transfer Co., Inc., Salt Lake City, UT 84117
Posts: 5120 | Registered: Jun 2004
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VOLUME increasing last 3 days, MACD crossed. Sto pointing up and RSI rising and approaching 50 .. I am hoping for a run up .015 within the next couple of days>>> IMO,,, The only concern is 500M AS
quote:Originally posted by Prdponce: VOLUME increasing last 3 days, MACD crossed. Sto pointing up and RSI rising and approaching 50 .. I am hoping for a run up .015 within the next couple of days>>> IMO,,, The only concern is 500M AS
But the outstanding is 162,132,518, which really isn't that bad. I went to their website, then the investors relations tab, and read it in their last voluntary quarterly report. I like pinks that do that. Here's the link to their last quarterly: http://www.corphq.com/docs/1Q2006.pdf
I do own this one.. 20k shs only, and thinking about picking up another 20k tomorrow. It does look close to ready.
-------------------- "As long as there are dreamers, there are dreams that will come true." Posts: 862 | From: CT Yankee..... in FLA | Registered: Aug 2005
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Looks to run nice next week good call Prdponce.
-------------------- I said it aint no fun waiting around to be a millionaire. Posts: 130 | From: United States of America | Registered: Oct 2005
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quote:Originally posted by paydaysomeday: Looks to run nice next week good call Prdponce.
I ditto that.. Thanks Prdponce :-)
-------------------- "As long as there are dreamers, there are dreams that will come true." Posts: 862 | From: CT Yankee..... in FLA | Registered: Aug 2005
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this is going to be a really nice stock to keep in your back pocket. It tends to spike because of the low float, and it is very undervalued right now. easy 5 banger if you got in around .01. good find people. I'm holding out for .1, and the company is working hard to raise the stock value for it's shareholders.
Also, I believe that all the action was in anticipation of the Quarterly report that was released on 6/30 of last year. Looks like there may be some good news on the way. I will be watching very closely.
-------------------- One wrong move and you're eatin bag-nasties just to survive! Yahoo Messenger: Jason52907 Posts: 707 | From: midwest | Registered: Mar 2006
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Played and posted it in the .0022-24's ...The problem with these guys is they go to the paid promoters who dilute into their own pump....
Last time it killed the run. Funny thing? I don't think the company is all that bad, for what it is..
People are just becoming to smart to play the pump and dump site picks...
Are they paying a site again? if not maybe this time the thing will run on it's own..Heck, I might even thro a few bucks at it, to make up for the loss from before.
Posts: 10729 | From: oregon | Registered: Feb 2005
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LOL, does monkey sence hypocracy? Could be..However Leeds dosen't recieve any compensation, from the companies, or atleast he states that...True? Who knows man...
If we are on the same page about this, his picks have been LOUZY of late.BTW, this is not one of his picks.
Posts: 10729 | From: oregon | Registered: Feb 2005
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quote:Originally posted by Dustoff101: Played and posted it in the .0022-24's ...The problem with these guys is they go to the paid promoters who dilute into their own pump....
Last time it killed the run. Funny thing? I don't think the company is all that bad, for what it is..
People are just becoming to smart to play the pump and dump site picks...
Are they paying a site again? if not maybe this time the thing will run on it's own..Heck, I might even thro a few bucks at it, to make up for the loss from before.
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All these POS run on any given day...It is just about timing... I think the time is now for this one...IMO...Loaded at .01 looking to sell at .02...Dont know if it will get there for sure but i like the odds....
Posts: 5120 | Registered: Jun 2004
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Noticed HILL moved to .02 Going to buy right at the bell this one looking really nice
Posts: 1343 | From: Rome Georgia | Registered: Oct 2004
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I don't usually play pinks, don't like them, This one files, has some transparency. I bought it at .0041, looking for a double.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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No more buying in the .004's. Should be stepping up soon.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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Nothing but buys this morning. The volume is at 613k. The 10 day average is 620k. Anyone know what's going on?
-------------------- "As long as there are dreamers, there are dreams that will come true." Posts: 862 | From: CT Yankee..... in FLA | Registered: Aug 2005
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Yep, it's getting ready to go. Needs to get by this .006.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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Still liking this to tickle that .008 soon. Alerted at .004, closed at .0055. Slow and steady wins the race. It actually traded at .003 & .0035 after I bought. Up 37.5% form the .004 though.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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Just printed .0075 up 87.5% from alert. Just needs a little more love and volume to make it to the winner's circle. Might do better than the .008.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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This is starting to look promising. Any thoughts on a possible gap-up on Tues?
-------------------- "As long as there are dreamers, there are dreams that will come true." Posts: 862 | From: CT Yankee..... in FLA | Registered: Aug 2005
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Depends, If the spread tightens by raising the Bid and we go into EOD with more volume, then I would say yes.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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Sold a portion at .0075. amazing they didn't move the Bid, had a 15 point spread and still sold on the Ask. Sitting on free parking. If they don't give me .01, and they take it back down, I'll be adding again in that .004 range.
Hope some of you caught it.
I don't think it gaps up on Monday. It will need a lot of volume for that to happen. They never closed the B/A spread. Slow and steady here I think.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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We have a mixed bag. Will they punish it or reward it? Revenues down, but loss is substanially less than 2ndQ last year. If they punish it, look to get in .0035 / .004, if not ride the wave, if you're in.
Stronghold Releases 2nd Quarter Financial Report via COMTEX
September 11, 2006
SANTA MONICA, Calif., Sept 11, 2006 /PRNewswire-FirstCall via COMTEX News Network/ --
Stronghold Industries, Inc. (OTC: SGDS), a CorpHQ, Inc. (OTC: COHQ) portfolio company, today reported financial results for the fiscal quarter ended June 30, 2006. The Stronghold Industries, Inc. Voluntary Quarterly Report has been posted at http://www.pinksheets.com/quote/finance.jsp?symbol=SGDS and is available for download now.
Financial results for the three month period ended June 30, 2006 compared to the three month period ended June 30, 2005 include:
* Revenue decreased 27% to $113,543 from $156,592 in 2005. The decrease is due to slightly lower sales and a change in revenue recognition policies. * The net loss decreased 79% to $144,828 from $680,598 in 2005. This improvement was a result of greater operating efficiencies and reduced non-cash compensation expenses. Robert Perea, Stronghold President stated, "This period will close the book on all of the transitional charges and first-time accounting policy changes required by our entrance into the public markets."
"Looking forward, we are encouraged by the substantial reduction in our net loss, and will look to continue to increase our operating efficiency. We are also focused on adding more depth to our sales and technology teams as we evolve into a fully-integrated home technology provider."
About Stronghold Industries, Inc.
Stronghold Industries, Inc., through its wholly-owned subsidiary, Moore Protection, is one of the premier high-end home security providers in Southern California with a high-demographic client base spanning the entertainment, legal and business communities. Stronghold's strategy is to grow both organically and through strategic acquisitions of companies that span the landscape of residential security, entertainment and technology. The company's website is: www.sgtvinc.com.
Contact: Gregg Davis, Investor Relations
310-683-0404 * gregg*corphq.com
SOURCE Stronghold Industries, Inc.
Gregg Davis, Investor Relations of CorpHQ, Inc., +1-310-683-0404, gregg*corphq.com http://www.prnewswire.com
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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A lot of folks here, (myself included), complain about "pinks" being secretive and not informing its shareholders.
Here you have a neat little pink that reprots as well or better than some BB's do. Forthright and forthcoming. Doing this right from the beginning, not putting themselves in a position to be criticized or beat up. No secret dilution, no hiding financials. Balance sheet is respectable. Look at the Current Assets vs. the Current Liabilities. Look at that O/S 162M.
Now, I have often said all these pennies are pieces of crap, especially pinks, because they lack reporting transparancy. If there was one that deserved to be an viewed as an"investment" as opposed to a "play", I would have no reservations about giving this serious consdieration.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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That's one of the reasons I like this one. Any pinky that reports voluntarily is, like you said, one that needs to be considered seriously. There are only a handful of pinks that do report quarterly. And you have to admit.. those Level 2's do look good.
-------------------- "As long as there are dreamers, there are dreams that will come true." Posts: 862 | From: CT Yankee..... in FLA | Registered: Aug 2005
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