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Posts Tagged ‘Kore Nutrition Inc’

MITL, EQLB, KORE - DrStockPick Reports On Mitel, EQ Labs and Kore Nutrition.

Friday, September 10th, 2010

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EQ Labs, Inc. (EQLB.OB) has closed a deal with Terrible Herbst Corporation to place EQ Energy Drink in 108 Terrible Herbst convenience stores effective immediately. As a result of this closing, EQ Labs expects to receive a large commercial order for its energy drink to stock all 108 Terrible Herbst stores within the next 30 days.

Terrible Herbst Corporation owns and operates gas stations and convenience stores in Nevada, California, Utah and Arizona. It also engages in operating car wash facilities, casinos, hotels, parks, slot routes, and motor sports, as well as in car lube and detail operations. The company was founded in 1937 and is based in Las Vegas, Nevada.

Many of the Terrible Herbst convenience stores are located in Chevron gas stations with point of purchase advertising displays. As a result of the closing of this deal with Terrible Herbst, EQ Labs will also receive point of purchase advertising at over 100 stores.

EQ Labs is engaged in the development, marketing and sale of EQ (”The Smart Energy Drink”). EQ is an effervescent tablet that can be dissolved in any beverage to provide instant energy. EQ consists of a blend of essential vitamins, Gingko Biloba, and less caffeine than a cup of coffee. EQ is currently sold at Best Buy, 7-Eleven, Walgreens and other leading retailers.

 

 

Kore Nutrition Incorporated (OTCBB:KORE.ob) and the Company’s wholly owned subsidiary, Go All In, Inc. (”ALL IN”) are pleased to announce a new distribution agreement with PPNC Distributing Co. of Placentia, California (”PPNC”). ALL IN Energy products have been accepted for distribution to over 400 grocery stores in Southern California.

PPNC has serviced the inland area of Southern California for five years and has built and maintained a strong and growing distribution business in dry good and specialty food products.

With a client list including convenience stores and markets in close proximity to major casino distribution hubs currently being established, PPNC will play an integral role in ALL IN’s Southern California growth plan.

PPNC President, Tyler Schwartz, states, “We are finding that consumers are better educated about these products today and are actually reading labels, checking ingredients and nutritional information, before making a purchase. ALL IN’s distinct advantage will be its uniqueness, offering the market an energy drink that is sugar and caffeine free, fortified with B12, B6, and Niacin, and all with only ten calories. This advantage, when applied to the niche poker enthusiast market and in conjunction with this increased health factor awareness, is a platform we can market easily in-store and in our print advertising.”

Kore, through its wholly-owned subsidiary, ALL IN, is engaged in the business of developing, producing, and selling non-alcoholic beverages. It produces premium energy drinks and an enhanced purified water under the brand name, ALL IN(TM) Energy, to suit the demands of an active world.

 

 

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Mitel (Nasdaq:MITL), a leading provider of unified communications software solutions, has become a Platinum Partner in the Oracle Partner Network (OPN). In achieving Platinum Level status in OPN, Oracle has recognized Mitel for its in-depth expertise and excellence in delivering an integrated voice and data virtualized desktop solution for customers worldwide.

“We are pleased to extend our relationship into the Oracle community given our success in delivering desktop virtualization solutions to customers in the U.S., Canada, Mexico, and Australia, in addition to other locations worldwide,” said Stephen Beamish, vice-president of marketing and business development for Mitel. “Working with Oracle, Mitel continues to offer customers’ choice in how they deploy their business communications applications as well as providing them with an integrated voice and data thin client solution.”

The Mitel Unified IP Client for Sun Ray voice-enables Oracle’s Sun Ray Clients, providing employees access to all their telephony and desktop applications from any location worldwide via a single Java Card. This improves flexibility and mobility for employees, including virtually seamless mobile phone hand off, four-digit dialing, and a single sign on option. From a management perspective, this can help provide businesses with lower operating costs, simplified IT management, and enhanced security.

Mitel Networks is a global provider of business communications solutions and services, consisting of unified communications and collaboration software applications, IP telephony platforms, mobility applications and managed and network services.

 

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THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

 

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Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. DrStockPick.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold DrStockPick.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://drstockpick.com/disclaimer) .Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.

Crown Equity Holdings Inc. (CRWE.OB) has received fifteen thousand dollars in cash from a third party (EEA, Inc ) for (7) days of advertising for EQ Labs, Inc. (EQLB.PK)

Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period. Crown Equity Holdings Inc. (CRWE.OB) has received seven thousand five hundred dollars from a third party (Alan Jones Group) for one (1) day of advertising for KORE Nutrition, Inc.(OTC BB: KORE.OB)

 
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PROT, NUEC, KORE, CYN, HIL, DrStockPick.com Stock Report! Sep 9th 2010

Thursday, September 9th, 2010

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Mr. Michael Cohen, Proteonomix, Inc. (OTCBB:PROT.OB)’s Chairman and CEO, is scheduling a multi-city European road trip to create additional awareness of the Proteonomix, Inc. investment opportunity to institutional investors.

Scheduled for early October, Mr. Cohen will discuss with sophisticated investors the recent contract to establish a joint venture with a group of investors that will establish a new stem cell treatment and research facility in the United Arab Emirates (U.A.E.). In addition, Mr. Cohen will discuss the opportunity to set up additional joint ventures in other countries using the U.A.E. arrangement as a model.

The recent contract calls for the joint venture partner to invest $5 million on or before September 10, 2010 in a Joint Venture company, XGEN Medical LLC. (”XGen”), a Nevis Island limited liability company.

Previously, PROT executed a joint venture agreement with a group of investors that will create a new stem cell treatment and research facility in the United Arab Emirates (U.A.E.). The Investor Group has committed to invest $5 million on or before September 10, 2010. The Joint Venture company, XGen Medical LLC (”XGen”), a Nevis Island limited liability company, will be owned 51% by Proteonomix and 49% by the Investor Group. Due to confidentiality and competitive reasons, the Investor Group has requested to remain anonymous for the present. The Investor Group is not related directly and/or indirectly to the Company, its management, its board of directors and/or its current shareholders.

In this case, Mr. Cohen stated: “Proteonomix has made great strides recently and we have been contacted by several European entities that have requested additional information about our proprietary stem cell activities. In recognition of the interest in Europe and the potential for additional joint venture agreements in various European countries, we recognize that it is propitious to meet with a number of the European institutional investors both to educate them on the intrinsic value of Proteonomix shares and garner interest in strategic relationships.”

More about PROT at: www.proteonomix.com

 

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NuEarth Corporation (OTC:NUEC.PK) (”NuEarth”)’s AquaSolv products are unique formulations of Polyacrylamides (PAMs) that slow the infiltration rate of water and promote lateral spread throughout the root zone where they will reduce leaching and retain water and nutrients. The products break down during normal microbial activity to biodegrade with no root uptake.

The ability of polyacrylamides to change soil hydrology has been known for some time. There

has been however limited development of the technology into broad-scale agricultural production systems.

NuEarth, an organic chemical and agricultural support company, is a producer of polyacrylamide formulations that have opened opportunities for economic use in broadacre agricultural applications. The increasing cost of chemical based fertilizers coupled with both the shortage of and cost of irrigation water further justify the development of this technology into agricultural markets.

More about NUEC at: www.nuearthcorp.com

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Kore Nutrition Incorporated (”Kore” or the “Company”) (OTCBB:KORE.OB) and the Company’s wholly owned subsidiary, Go All In, Inc. (”ALL IN”), announced the appointment of a unique and experienced Advisory Board to facilitate rapid expansion of the ALL IN Energy brand of products. The Advisory Board will be chaired by Phil Atwell, owner of Geronimo Film Productions Inc., which has been responsible for the development of music videos for 50 Cent, Dr. Dre, Eminem and Marilyn Manson, as well as commercial campaigns for Coors Light.

ALL IN President and CEO, David Powley, stated that, “We are overwhelmed with the caliber and talent of all of our dedicated and professional Advisors and, as All In Energy products cater initially to the Professional Poker Society, we are very fortunate that Phil Atwell has agreed to Chair this Advisory Board with his substantial experience in the entertainment world.”

Powley continued, “This is the platform that will help Go All In Inc. express to, and impress upon, the vast consumer audience that our products are not just another brand of energy mixers for the juvenile jet set; we offer healthy energy (thus the term “healthergy”) based products which will help all demographics everyday.”

More about KORE at: www.allinenergy.com

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City National Corporation (NYSE:CYN) announced the pricing of a registered underwritten public offering of $300 million of 5.25 percent senior notes due September 15, 2020.

The notes are to be sold at a price of 99.738 percent of the principal amount and will pay interest semi-annually. The offering is expected to close on September 13, 2010, subject to the satisfaction of customary closing conditions.

City National intends to use most of the net proceeds from this offering for the redemption of $250 million of 9.625 percent cumulative trust preferred securities that were issued by the company on December 8, 2009. The company intends to use the remaining proceeds for general corporate purposes.

The offering was led by J.P. Morgan Securities LLC, with Credit Suisse Securities (USA) LLC and UBS Securities LLC serving as co-managers.

More about CYN at: www.cnb.com

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Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that a joint venture of Hill, Systra Engineering and Gannett Fleming has received a contract from the Port Authority of New York and New Jersey to provide expert professional planning, project management and related services on a call-in basis in connection with the $4.1 billion Capital Program of the Port Authority Trans-Hudson (PATH) commuter transit system. The contract has a one-year base period and up to seven one-year option periods.

PATH is a heavy rail rapid transit system, operating 24 hours a day, seven days a week, and serves as a critical link in the New York-New Jersey transportation network. The region ranks as the most mass transit-dependent region in the United States.

Hill International, with 2,600 employees in 90 offices worldwide, provides program management, project management, construction management and construction claims and consulting services. Engineering News-Record magazine recently ranked Hill as the 8th largest construction management firm in the United States.

More about HIL at: www.hillintl.com

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THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

 

drstbc

 

Disclaimer:Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. DrStockPick.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold DrStockPick.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://drstockpick.com/disclaimer) .Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period. Crown Equity Holdings Inc. (CRWE.OB) has received twenty thousand dollars in cash and twenty thousand dollars in free trading shares from a third party (Swiss Financial Report) for (30) days of advertisement services for Proteonomix, Inc. (PROT.OB). Crown Equity Holdings Inc. (CRWE.OB) has received three thousand five hundred dollars from a third party (Paaga Media) for one (1) day of advertising for NuEarth Corp. (NUEC.PK). Crown Equity Holdings Inc. (CRWE.OB) has received seven thousand five hundred dollars from a third party (Alan Jones Group) for one (1) day of advertising for KORE Nutrition, Inc.(OTC BB: KORE.OB).

 
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The Latest News And Updates From Beverage Companies FIZZ, KORE and REED.

Wednesday, September 8th, 2010

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Kore Nutrition Incorporated (OTCBB:KORE.ob) and the Company’s wholly owned subsidiary, Go All In, Inc. (”ALL IN”) are pleased to announce a new distribution agreement with PPNC Distributing Co. of Placentia, California (”PPNC”). ALL IN Energy products have been accepted for distribution to over 400 grocery stores in Southern California.

PPNC has serviced the inland area of Southern California for five years and has built and maintained a strong and growing distribution business in dry good and specialty food products.

With a client list including convenience stores and markets in close proximity to major casino distribution hubs currently being established, PPNC will play an integral role in ALL IN’s Southern California growth plan.

Kore, through its wholly-owned subsidiary, ALL IN, is engaged in the business of developing, producing, and selling non-alcoholic beverages. It produces premium energy drinks and an enhanced purified water under the brand name, ALL IN(TM) Energy, to suit the demands of an active world. Unlike competitive energy drinks, which can lack great taste and occasionally create a mere energy blip, ALL IN(TM) Energy is a premium sugar free product, with no carbohydrates, and less than 10 calories per can. ALL IN(TM) Energy uses herbs, vitamins and amino-acids to provide a balanced and sustained sharpening of focus and pure energy. ALL IN(TM) Energy drinks are available in three unique and delicious flavors: Citrus, Grape and Acai Berry. ALL IN also offers a premium water that uses advanced technologies, and preliminary research suggests that ALL IN (TM) water is a faster hydrator than ordinary tap water and other mineral waters.

Legendary poker champion Johnny Chan has joined together with fellow top poker professionals, who all endorse ALL IN(TM) Energy drinks. Kore intends to expand the production, sales and distribution of ALL IN(TM) Energy drinks and water over the next twelve months.

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National Beverage Corp (Nasdaq:FIZZ) is highly innovative, making it unique as a pace-setter in the changing soft-drink industry. Its lineup of refreshment products including – energy drinks, fortified powders and supplements, and functionally enhanced juices and waters – are geared toward the lifestyle/health-conscious consumer.

Shasta, Faygo, Everfresh and LaCroix are aligned with Rip It energy products to make National Beverage . . . America’s Flavor•Favorite – soft-drink company.

Shasta and Faygo, traditional soft drink brands that emphasize flavor variety and innovation, have been manufactured and marketed throughout the United States for a combined period of over 200 years. National Beverage also produces and markets other brands of soft drinks, juice and water products, including LaCroix, Everfresh, Mr. Pure, Home Juice, Ritz, Crystal Bay, ClearFruit and Ohana.

Rip It and Rip It Sugar-Free energy drinks are available in a variety of flavors and have captured a share of the growing energy beverage category.

National Beverage Corp. has 12 manufacturing facilities strategically located in major metropolitan markets across the continental United States. This enables the Company to efficiently manufacture and distribute beverages to all targeted geographic markets. Each plant is equipped to produce both canned and bottled beverage products in a variety of sizes.

 

 

 

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Reed’s, Inc. (NASDAQ:REED), maker of the top-selling sodas in natural food stores nationwide, has begun producing swing-top bottled beverages from its bottling factory in Los Angeles, California. Reed’s, Inc. is the only bottling plant in North America that is tooled to run swing-top bottled beverages.

“Running swing-top bottled products is a true milestone for our company. Ever since we purchased Virgil’s Root Beer, we have wanted to tool up our plant in North America to run swing-lid bottled sodas. We find that people love the old style European craftsmanship of swing-top bottles and are willing to pay a premium for them,” stated Chris Reed, Founder, Chairman and CEO of Reed’s, Inc. “For many years, we had to go to Europe to get production of the swing-lid bottles. We are now pleased that we can offer domestic swing-lid production for our brands and select private label customers. Our first productions have started and we have shipped a one liter swing-lid holiday beverage to one of our top private label customers. We will be adding more of our branded as well as private label swing-lid products in the near future. We expect this capability to give us a distinct advantage over other companies who have to outsource to Europe and ship to the U.S. We expect this new revenue stream from swing-lid products to be material.”

Reed’s products are sold through specialty gourmet and natural food stores, mainstream supermarket chains, retail stores and restaurants nationwide, and in Canada, as well as through private label relationships with major supermarket chains.

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THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

 

drstbc

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. DrStockPick.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold DrStockPick.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://drstockpick.com/disclaimer) .Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period. Crown Equity Holdings Inc. (CRWE.OB) has received seven thousand five hundred dollars from a third party (Alan Jones Group) for one (1) day of advertising for KORE Nutrition, Inc.(OTC BB: KORE.OB)

 
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Breaking News: Kore Nutrition (KORE) Announces The Appointment Of An Advisory Board.

Tuesday, September 7th, 2010

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Kore Nutrition Incorporated (OTCBB:KORE.ob) and the Company’s wholly owned subsidiary, Go All In, Inc. (”ALL IN”), are pleased to announce the appointment of a unique and experienced Advisory Board to facilitate rapid expansion of the ALL IN Energy brand of products. The Advisory Board will be chaired by Phil Atwell, owner of Geronimo Film Productions Inc., which has been responsible for the development of music videos for 50 Cent, Dr. Dre, Eminem and Marilyn Manson, as well as commercial campaigns for Coors Light.

ALL IN President and CEO, David Powley, stated that, “We are overwhelmed with the caliber and talent of all of our dedicated and professional Advisors and, as All In Energy products cater initially to the Professional Poker Society, we are very fortunate that Phil Atwell has agreed to Chair this Advisory Board with his substantial experience in the entertainment world.”

Powley continued, “This is the platform that will help Go All In Inc. express to, and impress upon, the vast consumer audience that our products are not just another brand of energy mixers for the juvenile jet set; we offer healthy energy (thus the term “healthergy”) based products which will help all demographics everyday.”

The ALL IN Advisory Board will play an integral, daily role in the growth of the Company. Bringing with them an extensive level of experience across a diverse range of fields, the Advisory Board will be called upon for their objective, professional advice as it pertains to the development, distribution, and management of the Company’s flourishing line of energy drinks, purified water, and new products under development.

 

 

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THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

 

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Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. DrStockPick.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold DrStockPick.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://drstockpick.com/disclaimer) .Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period. Crown Equity Holdings Inc. (CRWE.OB) has received seven thousand five hundred dollars from a third party (Alan Jones Group) for one (1) day of advertising for KORE Nutrition, Inc.(OTC BB: KORE.OB)

 
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HOLL, KORE, EQLB - DrStockPick Provides Updates On Hollywood Media Corp, Kore Nutrition Inc. and EQ Labs.

Tuesday, September 7th, 2010

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Kore Nutrition Incorporated (OTCBB:KORE.ob) and the Company’s wholly owned subsidiary, Go All In, Inc. (”ALL IN”), are pleased to announce the appointment of a unique and experienced Advisory Board to facilitate rapid expansion of the ALL IN Energy brand of products. The Advisory Board will be chaired by Phil Atwell, owner of Geronimo Film Productions Inc., which has been responsible for the development of music videos for 50 Cent, Dr. Dre, Eminem and Marilyn Manson, as well as commercial campaigns for Coors Light.

ALL IN President and CEO, David Powley, stated that, “We are overwhelmed with the caliber and talent of all of our dedicated and professional Advisors and, as All In Energy products cater initially to the Professional Poker Society, we are very fortunate that Phil Atwell has agreed to Chair this Advisory Board with his substantial experience in the entertainment world.”

Powley continued, “This is the platform that will help Go All In Inc. express to, and impress upon, the vast consumer audience that our products are not just another brand of energy mixers for the juvenile jet set; we offer healthy energy (thus the term “healthergy”) based products which will help all demographics everyday.”

The ALL IN Advisory Board will play an integral, daily role in the growth of the Company. Bringing with them an extensive level of experience across a diverse range of fields, the Advisory Board will be called upon for their objective, professional advice as it pertains to the development, distribution, and management of the Company’s flourishing line of energy drinks, purified water, and new products under development.

 

 

EQ Labs (Pink Sheets:EQLB) began a national advertising campaign with a 5 minute spot on ABC affiliate KTNV (Channel 13) in Las Vegas. Chief Executive Officer, Maurice Owens, was featured on “The Morning Blend” show talking about the virtues of EQ Energy drink while also displaying the company’s complete product line.

KTNV is owned by New York Stock Exchange-traded Journal Communications, Inc. The Company owns television stations, radio stations and newspapers in Arizona, Wisconsin, California, Florida and other major markets throughout the country.

In the interview, Owens stresses the health factor of EQ, “No sugar, five calories.”

Owens continued, “The flavors are super. We have Mo Apple and Strawberry Dream. It takes about 30 seconds to get going.”

Chief Executive Officer Owens also stated that the market for EQ is very large and that he expects EQ Energy drink to be in 5,000 additional stores by year end as the company’s products are already in 45 states. Owens stated that the “Healthy Energy Drink” is being used by students, truck drivers and young adults because of its wide spread appeal.

Owens added toward the end of the interview, “We have three top distributors so we have access to about 150,000 stores.”

 

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Hollywood Media Corp. (NASDAQ:HOLL), a leading provider of online ticketing services and entertainment-related offerings, reported financial results for the second quarter ended June 30, 2010. As previously announced, the Company has reached a definitive agreement to sell its Broadway Ticketing business subject to the approval of Hollywood Media’s shareholders as well as the satisfaction or waiver of certain other closing conditions set forth in the definitive agreement.

For the 2010 second quarter, net revenues increased 11% to $33.6 million compared to $30.3 million in the prior-year period. Broadway Ticketing revenues, which represented 97% of the Company’s total net revenues, increased 12% versus the prior year period.

Net income for the 2010 second quarter was $0.2 million, or $0.01 per diluted share. This compares to a net loss of $4.8 million, or $0.16 per share, in the prior-year period which included a $5.0 million non-cash impairment charge related to the Ad Sales segment. Net income for the 2010 second quarter was impacted by $0.2 million in legal expenses related to the proposed sale of the Broadway Ticketing business, a $0.2 million increase in inventory reserve to reflect the Company’s decision to carry more ticketing inventory to meet demand, a $0.1 million early termination fee on an office lease in order to downsize the Company’s corporate offices in Boca Raton, Florida, and $0.1 million in payroll costs in the Broadway Ticketing business relating to the proposed sale.

**************************************************************

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

 

drstbc

 

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. DrStockPick.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold DrStockPick.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://drstockpick.com/disclaimer) .Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.

Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period. Crown Equity Holdings Inc. (CRWE.OB) has received seven thousand five hundred dollars from a third party (Alan Jones Group) for one (1) day of advertising for KORE Nutrition, Inc.(OTC BB: KORE.OB)

Crown Equity Holdings Inc. (CRWE.OB) has received fifteen thousand dollars in cash from a third party (EEA, Inc ) for (7) days of advertising for EQ Labs, Inc. (EQLB.PK)

 
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