quote:Originally posted by whizknock: We need it to hold in this range. I really feel like it's been sector driven with anticipation of major news.
The good thing about this stock is that it has shown strength every time I've thought it would behave like an average penny stock. Example, right now it should be headed back down to much lower levels just on lack of news.
My guess is the reason it hasn't is because while it has climbed to multiples of it's value & reaching .05, it's done this with the heaviest volume being at about 10% of OS. That appears to me to be more about people holding than a serious buying frenzy. I'm still looking for 100 million share trading days. I've maintained that this is a mid term play & that it remains a crap shoot. For it to become a legitimate long term play we need Telnor to make their move.
I no longer see this as a simple mid term play. I now view this as a long term hold of at least a large core position.
posted
Of interest! For anyone wondering why the word "Landline" was used in the PR. This may help.
Posted by: venomen2002 In reply to: stock_sherpa who wrote msg# 6275 Date:4/10/2007 11:15:54 PM Post #of 6287
Sherpa..Telmex has changed its tune so many times now it is hard to keep up..This has always been a landline deal with both Telnor and Telmex as that is all they offer..Telcel is the MV side..This deal started out with Onev hosting Telnor with email read and send functions only..Onev would then go to Mexico after the Telnor launch and hook up the rest of Telmex..That changed back in Jan-Feb when Telmex decided to host everything..Now it has changed again and they moved the tech up to the next level..This will be tech no one has seen before..There will be no more dialing into a system or punching buttons..The 2.0 service is pure VR..When the user picks up the phone..they will be able to use commands immediately..The wait continues for Mexico but when the service launches it will be a first of its kind.. I understand that Telmex is throwing a lot of money towards marketing it and it looks like there will be both an add on and a bundle option..For all non-believers..Telmex allowed their name to be used for the first time in a PR..When this launches MS and others will wonder why their techs weren't able to get this new tech out first..Hope that helps...veno
Posts: 4363 | From: waldorf,maryland,USA | Registered: Mar 2004
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quote:Originally posted by ChaseJune: always interested in information, thanks
You ask, you got. Good stuff here.
This guy was right on the money!
What is going on?? This is what is happening.. Microsoft Watch - Desktop & Mobile - Tellme About Dial Tone 2.0 Here are excerpts of what MS and Tellme think they would like to see happen..LOL
Talking about Google Search: "Search works pretty well, although natural language would be better."
Talking about emerging markets: 1 Billion Served "The importance of a successful mobile user interface cannot be understated. According to IDC, cell phone shipments topped 1 billion units in 2006, up 22.5 percent year over year. Most people don't carry PCs, but they are likely to have a mobile phone. The platform is there, but not the right user interface to really capitalize on the potential capabilities."
"More importantly: "Device shipments into emerging economies in Asia/Pacific, Central and Eastern Europe, the Middle East, Africa and Latin America have surpassed shipments to mature markets, and the difference between the two continues to grow," said Ramon Llamas, IDC research analyst, in a January statement accompanying the 1-billion shipment announcement."
"Many emerging markets are undergoing technology skip, where the first computing and Internet-capable device is the cell phone rather than the PC. Many mobile users in these markets well never own a PC. Again, where is the user interface capable of unlocking the mobile device's potential?"
Finally this on what a cellphone should do..The funny part is..this is exactly what Onev is launching to Telnor..LOL
"Yesterday, McCue spoke about "Dial Tone 2.0." He explained how "the phone has been relatively unchanged in decades...that you have to type in a bunch of numbers to get something done, or to reach somebody."
He emphasized, "We think that when you pick up a phone, the phone should ask you, what do you want to do, who do you want to call. And you can say what you want; you can say call mom at home. You can say call Mike on his mobile phone. You can say call Mike and Jeff, and have a conference call immediately happen."
"Voice is a very natural and familiar user interface. It's standard apparatus on most human beings."
One Voice will be the first company to launch what they call Dial tone 2.0 and they will launch it to the largest landline company in Mexico.. Then they will go after the largest cellphone company in all of Latin America..This while MS and Tellme just talk about what they would like to see..There is one minor problem for them..Dean already has the Natural language user interface patented..LOL..If you want to know why the pps is going up..Ask Telmex..they know why..and they know exactly what date they will launch..GLTA...veno
Posts: 4363 | From: waldorf,maryland,USA | Registered: Mar 2004
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quote:Originally posted by ChaseJune: always interested in information, thanks
Chase! When it comes to ONEV this guy is the authority.
Posted by: venomen2002 In reply to: None Date:4/11/2007 3:24:21 PM Post #of 6328
Dial Tone 2.0 is not owned by anyone..It is a concept that Tellme came up with and is what they say Microsoft and their platform being put together represents..It is the ability to make commands as soon as you pick up the phone..MS doesn't own it and neither does Tellme..In fact MS has said they are not even sure they will deploy anything of Tellme's products yet.. Tellme says the notion of 2.0 is still in its early stages..In one article it said that 100 million users could be on board with 2.0 as early as "Three" years..LOL..Onev is in on the ground floor because they already had the command technology needed to pull this off..When Mexico launches this service it will be a big deal...veno
quote:Originally posted by ChaseJune: always interested in information, thanks
Chase! When it comes to ONEV this guy is the authority.
Posted by: venomen2002 In reply to: None Date:4/11/2007 3:24:21 PM Post #of 6328
Dial Tone 2.0 is not owned by anyone..It is a concept that Tellme came up with and is what they say Microsoft and their platform being put together represents..It is the ability to make commands as soon as you pick up the phone..MS doesn't own it and neither does Tellme..In fact MS has said they are not even sure they will deploy anything of Tellme's products yet.. Tellme says the notion of 2.0 is still in its early stages..In one article it said that 100 million users could be on board with 2.0 as early as "Three" years..LOL..Onev is in on the ground floor because they already had the command technology needed to pull this off..When Mexico launches this service it will be a big deal...veno
Thanks whiz, I'm ready for the next level. Very interesting reading.
Posts: 25 | From: Yonkers, New York | Registered: Sep 2003
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quote:Originally posted by whizknock: You really don't hear that much about this company but I guess when it comes to big blocks more people are buying than selling!
posted
Up over 7.5% on below average volume. I like the rise in pps but what I really like is the lack of selling. About 620 million shares outstanding & not even 2 million shares traded today. Almost no selling! That's the real indication of potential.
Posts: 4363 | From: waldorf,maryland,USA | Registered: Mar 2004
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Look at the patterns. It happened at .012, .015, the .02 range & now it's repeating here in the mid .03s! Money is flowing into the issue on low to moderate volume. 620 million shares OS but today only 2 million shares traded (& it still went up over 7.5%). What stands out is there's hardly any selling. People are holding it. Repeated episodes of consolidation at higher levels. Since October the heaviest daily volume has been under 20 million shares. For all intents & purposes this thing is flying under the radar. Big momentum has not been triggered. We have yet to see a real run. That move to five cents was a minor surge in my book. This thing shows all the earmarks of a monster move coming.
I've said it since December. No guarantees. This thing is still a crap shoot. However. It's benefiting from a sector that's just begun to heat up and a launch by Telnor. Just my humble opinion but anyone getting a chance to own this under .035 is lucky. I did get a little more in this range & have at least one more buy planned.
Posted by: stock_sherpa In reply to: None Date:4/12/2007 6:44:53 PM Post #of 6396
So I watched the 30 min TellMe podcast and I
(I had to share my post on the Yahoo board)
called the 1-800-555-tell number. Required to listen to ad, annoying as well as annoying bings and bongs and knock-knock joke. I gave the City and State (Greenfield Massachusetts) and said I don't know on the "what street" prompt, I said business and sporting goods as the category. Note this tiny town has one sport shop. TellMe listed 3 shops, the first a hardware store. I was asked to say choose more or something like that. It then rattled off bunch of businesses and when it said "foot locker", I realised TellME totally had the wrong town. So guess what, it AIN'T for local search. And MSFT bought VR that is every bit as good as Vista. haahahahahahahahaha. ONEV VR is the category killer and no stupid American company wants to poney up for it. But the now second richest man in the world, Carlos Slim, has. Give Carlos another month or two and he will unseat Bill as the richest man in the world. Then people will take notice. Go TMX. Go ONEV. Note that the street was MAIN street. How could you miss that? Note I am caucasian with no accent. ONEV will deliver in Mexico in Spanish!!!!!!!!!!!!!!!!!! Note also, as others have posted here and on ****, ONEV is tightly held. Fractions of the OS trade each day. There is big $$$$ into this stock.
Posts: 4363 | From: waldorf,maryland,USA | Registered: Mar 2004
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Posted by: stock_sherpa In reply to: None Date:4/12/2007 7:24:51 PM Post #of 6396
Note in the TellMe podcast that SIP is mentioned. ONEV has embraced the SIP protocol FOREVER. ONEV supports enough of the comm protocols that they truely can say "on any phone". ONEV is at the "there" space that everyone else wants, all-of-a-sudden! Is the TellMe announcement and all of the NUAN PR coincidental to ONEV actually IMPLEMENTING VR in a major national carrier owned by the second richest man in the world. Carlos Slim may have an agenda here: Notice me, I did it FIRST.
Posted by: venomen2002 In reply to: whizknock who wrote msg# 6396 Date:4/13/2007 1:50:19 AM Post #of 6398
Well..I'll give you another one.. I called Tellme's Business Search and listened for the options..I chose Sporting Goods in my city..I got Sports Shack which was a good listing..Then I got Sports Buzz Cuts and then Sportsman's Bar..LOL..Sports Shack is one of our smallest stores.. It didn't even reference the more than 20 huge Sporting Goods stores we have here. Oh and for any that thinks this is competition to Onev's ADA.. They don't have any personal listings..That is what Onev does offer along with businesses...veno
Posts: 4363 | From: waldorf,maryland,USA | Registered: Mar 2004
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posted
Down 1.45% on very low volume. Less than 376 thousand shares. This is not what I call selling when the OS is 620 million. People are holding this thing.
Posts: 4363 | From: waldorf,maryland,USA | Registered: Mar 2004
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posted
Correction. That will be a 1.45% "Gain" on very low volume (1.27 million shares) going into the weekend. People are not selling, they are either holding or continue to accumulate!
Posted by: daisyobear In reply to: None Date:4/13/2007 5:43:00 PM Post #of 6421
A general upward trend has been established for ONEV, even without news. MM's are very aware what's going on and have been slowly walking this up each week. Below are closing pps for the last 9 weeks. 10K should be out shortly.
Not to run it in the ground but that would be another "Fact!"
Now comes the tricky part. What do we do with facts?
We need to ask ourselves, "Is the June launch of ONEV on Telnor priced in the present PPS?" At three & half cents a share with less than 625 million shares out standing big block buyers sure as hell don't think so. "Will ONEV fly on that news?" Of course it will. But more than likely it will see a considerable rise share value in May and the weeks before the launch on anticipation. "Would any news of a major computer company bundling ONEV software add to fuel to a major move up?" Certainly it would. "Is it possible there will be other positive PRs prior to the launch?" Sure it is. In "Fact" (LOL) if this is a pump & dump as some suggest you can bank on it! "Is this a pump & dump?" Your guess is as good as mine but I do know that ONEV has ongoing, revenue producing contracts with many smaller carriers and that their sales growth has increased 7,000% before Telmex. Just another "Fact"
In light of the overwhelming evidence or "Facts" it makes it kind of difficult to write this off as a P&D!
I can't tell anyone here how to play this. People have to determine their own tolerance for risk. But I can tell you what Whizknock did
Whizkock took note of a PR that stated ONEV had "signed a contract" with Telnor & bought a bunch of ONEV in December. Whizknock's total holdings in ONEV are now up only 250% instead of 350% because Whizknock averaged up just days ago when the first two facts just discussed came to light. Whizknock will make at least one more buy in the next three weeks if the price per share is not yet over a dime!
So is there risk? There is indeed.
One last "Fact". There is solid evidence that suggests a shock to the system such as monster windfall profits could cause a heart attack!
My advice? See your doctor & ask,,,"Is ONEV right for you?" LOL!!!
Posts: 4363 | From: waldorf,maryland,USA | Registered: Mar 2004
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posted
Whiz you’re the best, thanks for all your hard work in bring FACTS to this stock. My doctor has told me ONEV is right for me and I plan on another big buy this week.
Posts: 25 | From: Yonkers, New York | Registered: Sep 2003
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quote:Originally posted by ChaseJune: Whiz you’re the best, thanks for all your hard work in bring FACTS to this stock. My doctor has told me ONEV is right for me and I plan on another big buy this week.
Chase! Please do not invest more than you can afford to lose as we do not know for sure what could happen!
Now! Having said that I will tell you that this looks like one of the most realistic chances I've seen for a penny stock to pay off HUGE! Both near term as well as long term! But that does not mean you take chances that could do you serious harm. This remains a crap shoot right up until Telnor begins advertizing our service.
One last thought. Some people say this is a pump & dump scam. Some people say (me) it's the real deal. Either way it should go up big from here. But again, play it safe. That goes for anyone reading this post. God bless & good luck to all!
posted
Whiz, do not worry I am not. First fact the money I’m using are already in the market the only different is there not in ONEV, I am just selling off some other stocks not adding money. Fact two five yrs ago when this stock was at .0004 I got in and made more the 16 thousand so I'm not new to this stock or the market. I always loved this stock from the first time when I got in. But I do appreciate your concern and advice.
Posts: 25 | From: Yonkers, New York | Registered: Sep 2003
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quote:Originally posted by ChaseJune: Whiz, do not worry I am not. First fact the money I’m using are already in the market the only different is there not in ONEV, I am just selling off some other stocks not adding money. Fact two five yrs ago when this stock was at .0004 I got in and made more the 16 thousand so I'm not new to this stock or the market. I always loved this stock from the first time when I got in. But I do appreciate your concern and advice.
Chase, so when did this Slim fella get involved? You been tracking him?
Posted by: stock_sherpa In reply to: None Date:4/14/2007 9:05:52 PM Post #of 6445
Google has a Patent search button and I texted in "One Voice Technologies" and got an excellent return on ONEV's network patent. Very detailed view of the patent not seen in a generic Google search, so kudos GOOG, and for that matter ONEV.
quote:Originally posted by ChaseJune: Whiz, do not worry I am not. First fact the money I’m using are already in the market the only different is there not in ONEV, I am just selling off some other stocks not adding money. Fact two five yrs ago when this stock was at .0004 I got in and made more the 16 thousand so I'm not new to this stock or the market. I always loved this stock from the first time when I got in. But I do appreciate your concern and advice.
Chase, so when did this Slim fella get involved? You been tracking him?
Tex, no I have not. But I will say he's been on target so far. He said .5 and it hit.
Posts: 25 | From: Yonkers, New York | Registered: Sep 2003
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posted
Average volume, no movement! Best of all people holding. Looks like we're in another round of cosolidation! There could be dips this week at which point I may buy more.
Posts: 4363 | From: waldorf,maryland,USA | Registered: Mar 2004
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ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR PLAN OF OPERATION
FORWARD-LOOKING STATEMENTS
The information in this report contains forward-looking statements. All statements other than statements of historical fact made in this report are forward looking. In particular, the statements herein regarding industry prospects and future results of operations or financial position are forward-looking statements. These forward-looking statements can be identified by the use of words such as "believes," "estimates," "could," "possibly," "probably," anticipates," "projects," "expects," "may," "will," or "should" or other variations or similar words. No assurances can be given that the future results anticipated by the forward-looking statements will be achieved. Forward-looking statements reflect management's current expectations and are inherently uncertain. Our actual results may differ significantly from management's expectations.
The following discussion and analysis should be read in conjunction with our financial statements, included herewith. This discussion should not be construed to imply that the results discussed herein will necessarily continue into the future, or that any conclusion reached herein will necessarily be indicative of actual operating results in the future. Such discussion represents only the best present assessment of our management.
OVERVIEW OF THE BUSINESS
One Voice Technologies, Inc. is a voice recognition technology company with over $43 million invested in Research and Development and deployment of more than 20 million products worldwide in seven languages. To date, our customers include: Telefonos de Mexico, S.A.B. de C.V. (TELMEX), Intel Corporation, Alltel Wireless, Inland Cellular, Nex-Tec Wireless and several additional telecom service providers throughout the United States.
Based on our patented technology, One Voice offers voice solutions for the Telecom and Interactive Multimedia markets. Our telecom solutions allow business and consumer phone users to voice dial, group conference call, read and send e-mail and instant messages, all by voice. We offer PC Original Equipment Manufacturers (OEM's) the ability to bundle a complete voice interactive computer assistant which allows PC users to talk to their computers to quickly play digital media (music, videos, DVD) along with read and send e-mail messages, SMS text messaging to mobile phones, PC-to-Phone calling (VoIP) and PC-to-PC audio/video. We feel we are strongly positioned across these markets with our patented voice technology.
The Company believes that the presence of voice technology as an interface in mobile communications and PC computing is of paramount importance. Voice interface technology makes portable communications more effective and safer to use and it makes communicating with a PC to play digital content, such as music, videos and photos, easier for consumers. One Voice's development efforts currently are focused on the Telecom and PC multimedia markets and more specifically on mobile communications from a cell phone, directory assistance and in-home digital media access.
In order to reduce expenditures, the Company has aggressively reduced its operating expenses to a target of $160,000 per month beginning in November 2006. This reduction has come from a series of measures including reduction in head-count by eliminating all part-time workers, placing some full-time employees on part-time status and reducing additional operating overhead. Given these cost cutting measures, the Company feels it can better reach operationally break-even by decreasing operating expenses while increasing our revenue stream.
TELECOM SECTOR
In the Telecom sector, we believe that the Mobile Messaging market, which has both business and consumer market applications including: e-mail, instant messages, and SMS (Short Message Service), is extremely large and is growing at an astonishing rate. One Voice solutions enable users to send, route and receive text messages using voice from any type of phone (wired or wireless) anywhere in the world.
The Company's strategy, in the telecom sector, is to continue aggressive sales and marketing activities for our voice solutions, which we believe, may result in increased deployments and revenue stream. The product offerings will encompass both MobileVoice(TM) suite of solutions as well as our ADA (Alternative to Directory Assistance(TM)).
The Company has recently begun a trial-testing phase for our voice solutions with Cingular Wireless. This trial is in joint cooperation with VeriSign. If successful, this opportunity could potentially lead to Cingular Wireless launching One Voice's services. This trial is still on-going. At this time, we do not know if this will ever come to any material fruition.
The Company was recently selected by Lucent Technologies to jointly offer One Voice's MobileVoice solutions in conjunction with Lucent services to national carriers. Due to reorganizations within Lucent these efforts have been put on hold until new management within Lucent is assigned to this effort.
The Company recently received a counter-proposal from a large carrier in India for MobileVoice services. We are currently negotiating terms with this carrier.
The Company recently signed an agreement to deploy MobileVoice services with Mohave Wireless. This service is anticipated to be launched to Mohave Wireless subscribers in Summer, 2007.
The Company recently signed a deployment contract with TELMEX for deployment of One Voice's MobileVoice solutions to the over 18 million TELMEX subscribers throughout Mexico. The anticipated launch is June 2007 beginning with TELMEX subsidiary TELNOR with over 750,000 subscribers in northern Mexico. National rollout throughout Mexico is anticipated to begin in Summer 2007 to the remaining 18 million TELMEX subscribers. We are currently bidding on additional contracts within TELMEX for other services to be offered by TELMEX to their subscribers. At this time, we do not know if these additional contracts will ever come to any material fruition.
PC SECTOR
In the PC sector, we believe that digital in-home entertainment is rapidly growing with the wide acceptance of digital photography, MP3 music and videos, along with plasma and LCD TV's. We believe that companies including Apple, Microsoft and Intel are actively creating products and technology, which allow consumers to experience the next-generation of digital entertainment. The Company's Media Center Communicator(TM) product works with Microsoft Windows XP Media Center Edition 2005 to add voice-navigation and a full suite of communication features allowing consumers to talk to their Media Center PC to play music, view photo slideshows, watch and record TV, place Voice-Over-IP (VoIP) phone calls, read and send e-mail and Instant Message friends and family, all by voice.
The Company's strategy, in the PC Sector, is to continue its aggressive marketing efforts to sign-up system integrators, such as those engaged in the business of home theatre installation and value-added resellers under the Company's reseller program launched in 2005. The Company will continue to pursue OEMs for bundling agreements of its Media Center Communicator product. These OEM agreements may include revenue share business models as well as discounted individual user license fees. The Company will continue to use industry associations, forums and tradeshow events such as CES, CEDIA, EHX and Digital Life to promote awareness of our products and build strategic alliances.
The Company anticipates having its Media Center Communicator bundled with a tier-one PC manufacturer in the Fall 2007.
The Company recently was awarded a contract from Intel Corporation to co-develop voice-enabled solutions for use with embedded and desktop devices. Intel has selected One Voice's technology to be used as an integral part of these devices. This contract is not anticipated generating material revenue for the Company given the narrow niche market for these devices. The Company will continue to offer our technology and services to Intel for additional contracts as they may come up from time to time.
The Company has completed the design and prototyping of its Media Center remote control and is now in discussions with retailers and distributors for purchasing commitments. We have produced several evaluation units that are now under evaluation by potential retailers and distributors. Given potential purchase commitments, the Company will produce our remotes to fulfill these orders. We anticipate the initial production run will cost approximately $50,000 to create the machine tooling, plastics, electronics and assembly for the remotes. We will only go into production given committed purchase orders to cover these manufacturing costs. We anticipate this will happen in the second quarter 2007.
The Company recently was awarded a contract from AT&T/SBC to develop next generation voice activated remote controls for set-top box devices. This contract is initially to develop several prototype remote control devices with a potential production contract in 2007. This initial contract is a milestone for our company which we believe proves that our technology is in-demand by significant customers and in conjunction with our pending patent in this area of remote controls. Our goal is to create a market for voice enabled remote control devices used for voice commands and VoIP (Voice-over-IP) communications (example Skype and Vonage) that are covered in our pending patent and to license this technology to remote control device manufacturers for use with CE devices, cable and satellite set top boxes and Media Center computers.
In summary, since the beginning of 2006, the company has deployed services with telecom carriers and began recognizing recurring revenue. Management believes the company's transition into the revenue recognition phase was very important as it signifies acceptance of our solutions and the value they deliver to the customer and their subscribers. For the year ending December 31, 2006, the Company has experienced revenue growth of 387 % over the same period ending December 31, 2005. The management team remains committed to generating near and long term revenues significant enough to fund daily operations, building shareholder value, expand the intellectual property portfolio and developing cutting edge solutions and applications for the emerging speech recognition market sector.
CRITICAL ACCOUNTING POLICIES
Our discussion and analysis of our financial condition and results of operations are based upon our financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities. On an ongoing basis, we evaluate our estimates, including those related to impairment of property, plant and equipment, intangible assets, deferred tax assets, fair value of derivative liabilities and fair value of options or warrants computation using Black Scholes option pricing model. We base our estimates on historical experience and on various other assumptions, such as the trading value of our common stock and estimated future undiscounted cash flows, that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions; however, we believe that our estimates, including those for the above-described items, are reasonable.
Revenue is recognized when the four basic criteria of revenue recognition are met: (i) a contractual agreement exists; (ii) transfer of intellectual property has been completed or services have been rendered; (iii) the fee is fixed or determinable, and (iv) collectibility is reasonably assured.
STOCK-BASED COMPENSATION. Stock-based compensation to outside consultants is recorded at fair market value in accordance with the Statement of Financial Accounting Standards No. 123 (revised 2004), "Share-Based Payment," ("SFAS 123(R)") SFAS 123(R) and Emerging Issues Task Force No. 98-16 Accounting for Equity Instruments That Are Issued to Other Than Employees, for Acquiring, or in Conjunction with Selling Goods and Services("EITF 98-16"), and these costs are a component of general and administrative expense. Prior to the adoption of, We accounted for stock-based awards to employees and directors using the intrinsic value method in accordance with Accounting Principles Board Opinion No. 25, "Accounting for Stock Issued to Employees" ("APB 25"). Under the intrinsic value method that was used to account for stock-based awards prior to January 1, 2006, which had been allowed under the original provisions of Statement 123, no stock compensation expense had been recognized in our statement of operations as the exercise price of our stock options granted to employees and directors equaled the fair market value of the underlying stock at the date of grant.
On January 1, 2006, we adopted SFAS 123(R) which requires the measurement and recognition of compensation expense for all share-based awards made to employees and directors, including employee stock options and employee stock purchases, based on estimated fair values. SFAS 123(R) supersedes our previous accounting for share-based awards under APB 25 for periods beginning in 2006. In March 2005, the Securities and Exchange Commission issued Staff Accounting Bulletin No. 107 ("SAB 107") relating to SFAS 123(R). We have applied the provisions of SAB 107 in its adoption of SFAS 123(R). We adopted SFAS 123(R) using the modified prospective transition method, which requires the application of the accounting standard as of the beginning of our current year. Our financial statements as of and for the year ended December 31, 2006 reflect the impact of SFAS 123(R). In accordance with the modified prospective transition method, Our financial statements for prior periods have not been restated to reflect, and do not include, the impact of SFAS 123(R).
Stock compensation expense recognized during the period is based on the value of share-based awards that are expected to vest during the period. Stock compensation expense recognized in our statement of operations for 2006 includes compensation expense related to share-based awards granted prior to January 1, 2006 that vested during the current period based on the grant date fair value estimated using the Black-Scholes option pricing model. Stock compensation expense during the current period also includes compensation expense for the share-based awards granted subsequent to January 1, 2006 based on the grant date fair value estimated in accordance with the provisions of SFAS 123(R). As stock compensation expense recognized in the statement of operations is based on awards ultimately expected to vest, it has been reduced for estimated forfeitures (which are currently estimated to be minimal). SFAS 123(R) requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those ESTIMATES. In the our pro forma information required under SFAS 123 for the periods prior to 2006, forfeitures were estimated and factored into the expected term of the options.
Our determination of estimated fair value of share-based awards utilizes the Black-Scholes option-pricing model. The Black-Scholes model is affected by our stock price as well as assumptions regarding a number of highly complex and subjective variables. These variables include, but are not limited to, our expected stock price volatility over the term of the awards, and actual and projected employee stock option exercise behaviors.
COMMITMENTS AND CONTINGENCIES. Commitments and Contingencies are disclosed in the footnotes of the financial statements according to generally accepted accounting principles. If a contingency becomes probable, and is estimatable by management, a liability is recorded per SFAS No. 5.
OFF-BALANCE SHEET ARRANGEMENTS
We had no off-balance sheet arrangements to report for the fiscal year ended December 31, 2006 or December 31, 2005. We have not entered into any transactions with unconsolidated entities whereby we have financial guarantees, subordinated retained interests, derivative instruments or other contingent arrangements that expose us to material continuing risks, contingent liabilities, or any other obligations under a variable interest in an unconsolidated entity that provides us with financing, liquidity, market risk or credit risk support.
RESULTS OF OPERATION FOR THE FISCAL YEAR ENDED DECEMBER 31, 2006 COMPARED TO THE FISCAL YEAR ENDED DECEMBER 31, 2005.
ONE VOICE TECHNOLOGIES INC. Selected Statement of Operations Information
($000'S) ($000'S) ($000'S)
YEAR ENDED YEAR ENDED PERCENTAGE DECEMBER 31, DECEMBER 31, CHANGE CHANGE 2006 2005 ----------- ----------- ----------- ----------- Net Revenue $ 691,000 $ 142,000 $ 549,000 387% Cost of goods sold 163,000 31,000 132,000 426% ----------- ----------- ----------- ----------- GROSS PROFIT 528,000 111,000 417,000 376%
General and administrative expenses 3,516,000 3,433,000 83,000 2% Other income (expense) (1,431,000) 2,263,000 (3,694,000) -163% ----------- ----------- ----------- ----------- Net loss $(4,419,000) $(1,059,000) $(3,359,000) 317% =========== =========== =========== ===========
REVENUES
Net revenues totaled $691,000 and $142,000, respectively, for the year ended December 31, 2006 and December 31, 2005. Increased revenues of $548,000 (387%) were attributable to new MobileVoice customers. The Company also had a one time contract settlement in cash for early termination due to a One Voice customer being purchased by another telecommunication company.
GENERAL AND ADMINISTRATIVE EXPENSE
Operating expenses totaled $3,516,000 for the year ended December 31, 2006 from $3,433,000 for the same period in 2005. The majority of our cash related operating expenses consist of compensation related expenses and regular monthly overhead items including: rents, utilities, various insurance policies, legal and audit fees. The increase of $83,000 (2%) over year 2005 is allocated between the above mentioned items. The increase for the current year was primarily due to the increase in business activities related to supporting the development of our company.
SALARY AND COMPENSATION
Salary and wage expenses were $1,437,000 for the year ended December 31, 2006 as compared to $1,326,000 for the same period in 2005. The increase of $111,000 (8%) was due to increase in use of independent contractors in year 2006.
ADVERTISING AND PROMOTION
Advertising and promotion expense totaled $53,000 for the year ended December 31, 2006 as compared to $77,000 for the same period in 2005. Advertising and promotion expense decrease of $24,000 (32%) resulted from the Company decreasing both travel budget and trade show expense.
LEGAL AND CONSULTING
Legal and consulting expenses decreased to approximately $149,000 for the year ended December 31, 2006 from approximately $231,000 for the same period in 2005. The decrease in year 2006 compared to year 2005 of $82,000 (35%) was due to the fact that the Company employed an outside management consultant in 2005, and the Company no longer retained their services in year 2006.
DEPRECIATION AND AMORTIZATION
Depreciation and amortization expenses decreased to approximately $123,000 for the year ended December 31, 2006 from approximately $172,000 for the same period in 2005. Amortization and depreciation expenses consisted of patent and trademarks, computer equipment, software development, and tradeshow booth. The decrease of $49,000 (28%) was due to assets being 100% depreciated throughout the year 2006.
OTHER INCOME (EXPENSE)
For the years ended December 31, 2006 and 2005, other expense was approximately $1,431,000 compared to other income of approximately $2,263,000 respectively. Other income (expense) consisted of interest expense, settlement expense, gain (loss) on warrant derivative liability and other income (expense), details below.
INTEREST EXPENSE
For the years ended December 31, 2006 and 2005, interest expense was approximately $1,579,000 compared to $2,420,000 respectively.
Interest expense is composed of three very distinct transactions, which vary in their financial treatment.
1. Monthly amortization of debt issue costs related to securing convertible debt financing.
This represents a cash related transaction.
For the year ended December 31, 2006, and December 31, 2005, interest expense related to debt issue costs was approximately $152,000 compared to $172,000, respectively.
2. Monthly amortization of the embedded discount features within convertible debt financing.
This represents a non-cash transaction.
For the years ended December 31, 2006, and 2005, interest expense related to the amortization of discount was approximately $1,296,000 compared to $2,112,000, respectively.
3. Monthly accrued interest related to notes payable and convertible notes payable financing.
This represents a future cash transaction if the convertible interest accrued is not converted into common stock. No accrued interest related to convertible notes payable was paid in cash during year's ended December 31, 2006 and 2005.
For the years ended December 31, 2006, and 2005, interest expense related to Notes payable and convertible notes payable was approximately $128,000 compared to $76,000, respectively.
4. Other / penalties for the year ended December 31, 2006 were approximately $3,000 compared to $60,000, respectively.
INTEREST EXPENSE SUMMARY ------------------------
YEAR ENDED YEAR ENDED DECEMBER 31, DECEMBER 31, 2006 2005 ------------ ------------ Debt issue cost $ 152,000 $ 172,000 Discount amortization 1,296,000 2,112,000 Accrued interest 128,000 76,000 Other / penalties 3,000 60,000 ------------ ------------ TOTAL $ 1,579,000 $ 2,420,000 ------------ ------------
SETTLEMENT EXPENSE
For the years ended December 31, 2006, and 2005, settlement expense was approximately $101,000 compared to $760,000 respectively. The decrease in period 2006 over 2005 is attributable to a one time legal settlement incurred in 2005 with La Jolla Cove Investors and the re-pricing of common stock warrants issued relating to convertible debt financing activities.
GAIN / (LOSS) ON DEBT DERIVATIVES
For the years ended December 31, 2006, and 2005, gains recorded on debt derivatives were approximately $12,000 compared to $419,000 respectively. See Note 9 in the accompanying financial statements.
GAIN / (LOSS) ON WARRANT DERIVATIVES
For the years ended December 31, 2006, and 2005, gains recorded on warrant derivatives were approximately $197,000 compared to $5,070,000 respectively. See Note 9 in the accompanying financial statements.
OTHER INCOME (EXPENSE)
For the years ended December 31, 2006, and 2005, other net was approximately a gain of $5,000 compared to a loss of $46,000 respectively. The decrease in period 2006 over 2005 is attributed to the disposal of fixed assets in 2005.
The Company had a net loss of $4,419,000 or basic and diluted net loss per share of $0.01 for the year ended December 31, 2006, compared to a net loss of $1,060,000 or basic and diluted net loss per share of $0.01 for the same period in 2005.
LIQUIDITY AND CAPITAL RESOURCES
NON-CASH EXPENSES EFFECTING OPERATING ACTIVITIES IN THE YEAR 2006
The non-cash related expenses of $2,357,000 were reflected in the year ended December 31, 2006 net loss of $4,418,000 and consisted of the following:
- Compensation expense relating to the issuance of stock options of $272,000. - Issuance of common stock in exchange for services and debt of $311,000. - Amortization of embedded discount relating to convertible debt financing of $1,777,000. - Re-pricing of the warrant derivative liability relating to convertible debt financing of $231,000.
At December 31, 2006, we had a working capital deficit of $5,101,000 as compared with a working capital deficit of $3,840,000 at December 31, 2005.
Net cash used for operating activities was $2,357,000 for the year ended December 31, 2006 compared to $3,149,000 for the year ended December 31, 2005.
Net cash used for investing activities was $155,000 for the year ended December 31, 2006 compared to net cash used of $58,000 for the year ended December 31, 2005.
Net cash provided by financing activities was $2,208,000 for the year ended December 31, 2006 and resulted from sales by the Company of convertible debt securities, common stock and proceeds from the exercise of common stock warrants during the year. This compares to proceeds of $3,011,000 from financing activities for the year ended December 31, 2005.
We incurred a net loss of $4,419,000 during the year ended December 31, 2006 and had an accumulated deficit of $46,845,000. Our losses through December 2006 included interest expense, amortization of debt discount, amortization of software licensing agreements and development costs and operational and promotional expenses.
FINANCING TRANSACTIONS ----------------------
NET PROCEEDS RECEIVED DUE TO FINANCING ACTIVITY -----------------------------------------------
2006 2005 ------------ ------------ Private placement $ 112,000 $ 506,400 Warrant exercise 300,200 649,210 Convertible debt financing 1,994,000 2,000,000 Revolving line of credit 240,000 - ------------ ------------ TOTAL PROCEEDS RECEIVED $ 2,406,200 $ 3,155,610 ============ ============
NOTES PAYABLE
On August 8, 2003, the Company issued a promissory note in the aggregate principal amount of $100,000, paying interest at 8.0% per annum, due on August 8, 2008. At December 31, 2006 the balance on the note payable was $100,000
Posts: 25 | From: Yonkers, New York | Registered: Sep 2003
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People were robbed today! No dicipline. LOL. All I know is if I wanted a hundred thousand shares I would have had to buy in increments all the way up to .04! Called my broker & he said it was not worth my time. No body was selling. This was pure follishness and lack of conviction. If I felt like playing I would have had to buy all the way up to .04 to get a fill. I was tempted to jump on a 100,000 at .04 just to watch the fun. As it is I called the bluff & put an all or nothing bid in. Couldn't get a fill at the ask. LOL
Posts: 4363 | From: waldorf,maryland,USA | Registered: Mar 2004
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posted
One Voice Technologies Issues Corporate Update; 2006 Net Revenues Increase 387% via COMTEX
April 20, 2007
LA JOLLA, Calif., Apr 20, 2007 (BUSINESS WIRE) --
One Voice Technologies, Inc. (OTCBB:ONEV) Chairman and CEO Dean Weber, today issued the following corporate update:
"We are pleased to provide our shareholders with the following corporate update:
For the year ending December 31, 2006, net revenues totaled $691,000, up 387% from net revenues of $142,000 for the prior year ending December 31, 2005. This growth represents a major step in our plans to become operationally breakeven this year in 2007. With our planned launch in June, 2007 of MobileVoice Landline(TM) in Mexico this brings One Voice even closer to achieving our goals. Right now our MobileVoice Landline system is up and running and being tested in Mexico and can be accessed from home phones, business phones, pay phones and toll-free numbers throughout Latin America and the United States and we are on-track for commercial launch this June. The voice recognition sector is a high growth exciting sector and One Voice is well positioned with our current and future products that will benefit users worldwide."
About One Voice Technologies, Inc.
One Voice Technologies, Inc. (OTCBB:ONEV) is the world's first developer of 4th Generation voice solutions for the Telecom and Interactive Multimedia markets. Our Intelligent Voice(TM) solutions employ revolutionary, patented technology that allows people to send messages (E-mail, SMS, Instant Messaging and paging), purchase products, get information and control devices - all by using their voice. The company is headquartered in La Jolla, California. For more information, please visit http://www.onev.com
FORWARD-LOOKING STATEMENT DISCLAIMER
Some of the statements made in this press release discuss future events and developments, including our future business strategy and our ability to generate revenue, income and cash flow, and should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These "forward-looking" statements can generally be identified by words such as "expect," "anticipate," "believe," "estimate," "intend," "plan," and similar expressions. These statements involve a high degree of risk and uncertainty that exists in the Company's operations and business environment and are subject to change based on various factors that could cause actual Company results, performance, plans, goals and objectives to differ materially from those contemplated or implied in these forward-looking statements. Actual results may be different from anticipated results for a number of reasons, including the Company's new and uncertain business model, uncertainty regarding acceptance of the Company's products and services and the Company's limited operating history.
MobileVoice and MobileVoice Landline are trademarks of One Voice Technologies, Inc. All other products and company names herein may be trademarks of their registered owners.
SOURCE: One Voice Technologies, Inc.
The Cervelle Group Rob Karbowsky, (407) 475-9966 Fax: (407) 475-9859 rob*thecervellegroup.com
Copyright Business Wire 2007
Posts: 25 | From: Yonkers, New York | Registered: Sep 2003
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posted
It's now a fact! ONEV products can be accessed from homes & businesses in Mexico! Now we know that it is in place. Everything else is a matter of time!
One Voice Technologies Issues Corporate Update; 2006 Net Revenues Increase 387%: Financial News - Yahoo! Finance
One Voice Technologies Issues Corporate Update; 2006 Net Revenues Increase 387% Friday April 20, 11:24 am ET
LA JOLLA, Calif.--(BUSINESS WIRE)--One Voice Technologies, Inc. (OTCBB:ONEV - News) Chairman and CEO Dean Weber, today issued the following corporate update:
"We are pleased to provide our shareholders with the following corporate update:
For the year ending December 31, 2006, net revenues totaled $691,000, up 387% from net revenues of $142,000 for the prior year ending December 31, 2005. This growth represents a major step in our plans to become operationally breakeven this year in 2007. With our planned launch in June, 2007 of MobileVoice Landline(TM) in Mexico this brings One Voice even closer to achieving our goals. Right now our MobileVoice Landline system is up and running and being tested in Mexico and can be accessed from home phones, business phones, pay phones and toll-free numbers throughout Latin America and the United States and we are on-track for commercial launch this June. The voice recognition sector is a high growth exciting sector and One Voice is well positioned with our current and future products that will benefit users worldwide."
Posts: 4363 | From: waldorf,maryland,USA | Registered: Mar 2004
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