this is ready for a swift run back up, was over .10 last week, converted share sell off drove this down, almost all sold, ready to bounce back up
this company has tons of potential....
A division of Protocall Technologies Inc. (OTC BB: PCLI) Titlematch Entertainment Group "has developed a proprietary system that allows store and Internet retailers to produce CD and DVD products with CSS copy-protection at their stores and website distribution centers. What this on demand system means for retailers is that they have the ability to burn thousands of software, movies and TV shows onto CD/DVDs for their customer on the spot. Retailers can reduce their reliance on costly physical inventory, expand their selection of products, eliminate shrinkage and out-of-stock situations, speed time to market for new products, and improve their operating margins with minimal space requirements.
At store locations, customers can use Protocall's touch screen Product Preview Stations to quickly see all available products. When the customer is ready to purchase, the order is taken to a store employee who produces the software from Protocall's behind-the counter Order Fulfillment Station. For Internet sales, orders are forwarded to an Order Fulfillment Station, which can be located at Protocall or the retailer's own distribution center. The typical product takes just a few minutes to produce and can be made on-demand for single-item orders or in quantities in advance of anticipated sales."
COMMACK, N.Y., Feb. 20, 2008 (PRIME NEWSWIRE) -- Bruce Newman, Chief Executive Officer of Protocall Technologies Incorporated (OTC BB:PCLI.OB - News), commented on the recent unusual trading activity in the company's stock.
``Our fundamental business and future prospects have not changed in any way from last week,'' Mr. Newman said. ``We believe the recent high trading volume and decline in our share price was the result of large volume sales by institutional holders of Protocall convertible notes. These notes, which we utilize for short-term working capital, are periodically converted by holders into shares and then sold in the open market based on factors that we believe are often completely unrelated to our business.''
Mr. Newman added, ``The convertible notes include monthly conversion and share ownership restrictions to protect Protocall, but can still result in creating more shares than the market can immediately absorb. Currently, we have approximately $2.9 million of outstanding convertible notes, as more fully described in our most recent Form 10-QSB quarterly financial report on file with the SEC. We are acutely aware of the long term negative impact convertible debt financing can have on share value and are aggressively pursuing a structure that would reduce the debt by way of cash payments, which we believe will permit share value to grow in parallel with the proliferation of our DVD On-Demand service.''
``Our business, partnerships and market momentum remain exceptionally strong,'' continued Mr. Newman. ``Recent news regarding acceptance of the Sony Blu-ray DVD format by major retailers offers significant new business opportunities that we are already pursuing with our partners. We remain quite confident that the magnitude of our business will become more apparent in the near term as major retailers and studios begin a profound shift to on-demand production of movies and other entertainment products.''
This news release along with other investor information about Protocall Technologies is available at http://www.agoracom.com/IR/Protocall. To receive future news releases or request further information about Protocall Technologies, please email PCLI*agoracom.com.
The information contained in this news release, other than historical information, consists of forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those described in these statements. Forward-looking statements regarding the timing of developing, testing and releasing existing and new products, of marketing and selling them, of deriving revenues and profits from them, as well as the effects of those revenues and profits on the company's margins and financial position, are uncertain because many of the factors affecting the timing of those items are beyond the company's control.