Internet Stock Review, Sunday, 7/31/2011.
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1. CrowdGather (CRWG) $0.55 Reports Great Numbers, Up 29% on News.
2. Disclaimer.
Great numbers out from CrowdGather. While still small, with revenues of $1,580,957 for the fiscal year just ended -- the percentage gain was impressive -- up 410% and the fourth quarter showed building momentum, hitting $407,000 making the company in our eyes "for real."
The shares traded up nearly 30% on light volume of 124,000 shares. This could be the formation of a bottom, after weak trading pattern which began in February which saw the shares drop from just under $2.00 per share to a recent low of $0.45 -- prior to the conference call.
Management stated, "...the increase in revenue and gross profit was primarily attributable to increasing advertising revenue from the Company’s branded and hosted forum properties plus revenue generated from Adisn’s display and per-action advertising campaigns."
Sanjay Sabnani, described 2011 as "....a watershed year for us," and noted; "During our fiscal year, we rapidly transitioned from being a fledging underfunded technology company into a significant publisher network comprised entirely of forums."
The company ended fiscal 2011 with approximately $6.7 million of cash and as of July 28, 2011 had a cash balance of approximately $4.5 million, net of recent acquisitions.
Most exciting to us, was the announcement that a powerful new ad serving technology from recently acquired Adisn, should go live by the end of January, 2012.
The technology should enable the efficient delivery of vertically targeted ads to all of the Company’s forum properties. This technology will help generate key analytics and tracking measures, and will enhance ad revenue by enabling higher value advertising campaigns. Based upon current statistics from Google analytics, CrowdGather’s network of forums is currently generating approximately 150 to 155 million monthly page views and 15 to 17 million monthly unique visitors. Additionally, approximately 16 million users have registered on CrowdGather Network sites to date with 28 million total discussions comprising over 350 million individual replies.
So the successful integration of the ad serving technology could create some eye-brow raising gains from the large and fast growing network.
Full Release:
http://goo.gl/HF4bu
Replay of Conference Call: 1-800-406-7325, passcode 4460195#
(Available until 11:59 p.m. on August 4, 2011)
About CrowdGather, Inc.
With its growing portfolio of special interest forums and enthusiast message board communities, CrowdGather (
www.crowdgather.com) has created a centralized network to benefit forum members, forum owners and forum advertisers. CrowdGather provides a highly interactive and informational social network for members, a management and revenue-sharing resource for third-party forum owners, and a largely untapped advertising network for marketers worldwide.
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Disclaimer: CRWG, This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company’s growth and business strategy. Words such as “expects”, “will”, “intends”, “plans”, “believes”, “anticipates”, “hopes”, “estimates”, and variations on such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the Company’s business; competitive factors in the market(s) in which the Company operates; risks associated with operations outside the United States; and other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
VOCS, This release contains “forward-looking” statements that are made pursuant to the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. These statements are predictive in nature, that depend upon or refer to future events or conditions or that include words such as “may,” “will,” “expects,” “projects,” “anticipates,” “estimates,” “believes,” “intends,” “plans,” “should,” “seeks,” and similar expressions. This press release contains forward-looking statements relating to, among other things, Vocus’ expectations and assumptions concerning future financial performance. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual future results to differ materially from those projected or contemplated in the forward-looking statements. Forward-looking statements may be significantly impacted by certain risks and uncertainties described in Vocus’ filings with the Securities and Exchange Commission. The risks and uncertainties referred to above include, but are not limited to, risks associated with possible fluctuations in our operating results and rate of growth, our history of operating losses, risks associated with acquisitions, including our ability to successfully integrate acquired businesses, risks associated with our foreign operations, interruptions or delays in our service or our web hosting, our business model, breach of our security measures, the emerging market in which we operate, our relatively limited operating history, our ability to hire, retain, and motivate our employees and manage our growth, competition, our ability to continue to release and gain customer acceptance of new and improved versions of our service, successful customer deployment and utilization of our services, fluctuations in the number of shares outstanding, foreign currency exchange rates and interest rates. Not a client.
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Going Concern Statements.
We would like to point out that the majority of companies listed on the
OTC Bulletin Board have factors which create an
uncertainty about the their ability to continue as a going concern. These
concerns are typically related to financing (or lack of), competitive
environments, lack of operating history and operating at loss levels which
is typical of most start-ups.
These statement can usually be found in their most recent 10Q filings and
typically you don't have to dig to far down past the financial tables. We
like to use
http://www.pinksheets.com for quick and easy access to SEC
filings. We think it would be wise for most investors to assume that all
companies listed on the OTC Bulletin Board (and many on NASDAQ) have going
concern issues.
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