Austin, TX 11/15/2007 11:42:08 PM
Speak with other shareholders about: (OTCBB: MSTF), (OTC: MVBY), (OTCBB: DLAV) and (OTCBB: ALRT).
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MONARCH STAFFING, INC. (OTCBB: MSTF)
November 14th, 2007-- Form 10QSB filled for MONARCH STAFFING, INC.
RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2007 COMPARED TO THE THREE MONTHS ENDED SEPTEMBER 30, 2006
Revenues for the three months ended September 30, 2007 were $1,827,307 compared to $2,025,514 for the three months ended September 30, 2006. This is a decrease of $198,207 or 10% and is attributable to a decrease in sales to CDCR for the current period.
Costs of revenues for the three months ended September 30, 2007 were $1,535,361 compared to $1,616,041 for the three months ended September 30, 2006. This is a decrease of $80,680 or 5% and is attributable to an overall decrease of gross profit margins to 16.0% for the three months ended September 30, 2007 versus 20.2% for the comparable period in the prior year. The decrease is also attributable to the decrease in sales mentioned above.
Based on the above, the Company realized a gross profit for the three months ended September 30, 2007 of $291,946, versus gross profit for the three months ended September 30, 2006 of $409,473.
Selling, general and administrative expenses for the three months ended September 30, 2007 were $365,037 compared to $417,311 for the three months ended September 30, 2006. This decrease is attributable to a reduction in professional and administrative fees partially offset by an increase in salaries and wages.
As a result, the Company had an operating loss for the three months ended September 30, 2007 of $73,091 compared to an operating loss of $7,838 for the three months ended September 30, 2006.
About Monarch Staffing Inc.:
Monarch Staffing, Inc., through its subsidiaries, provides healthcare staffing services to commercial and government sector customers in the United States. It furnishes personnel to perform a range of pharmacy technician, nursing, and other health care services in support of the operations of government and commercial facilities. The company is based in Irvin, California.
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My Vintage Baby, Inc. (OTC: MVBY).
November 14th, 2007-- My Vintage Baby, Inc. (OTC: MVBY), a unique children's apparel company, announced today that its 2008 Spring Fashion Line continues to flourish as its October sales triples the revenues of 2006, showing an increase in revenues and product sales of over 353 percent. The October sales results represent a record setting achievement and all-time-high in single month sales in all of MVBY's corporate history.
"We are extremely excited to celebrate the results of our October sales. We are still over a month-and-a- half away from closing our 2007 books and our sales figures in a year to year comparison have already shown substantial growth. We are honored by the acceptance the market and industry has taken to our 2008 Spring Line and look forward to its continued sales in the months to come," stated Jeff Welsh, CFO of My Vintage Baby, Inc.
MVBY will release its year to year comparison upon the closure of the 2007 sales year. To place orders please visit the My Vintage Baby website at: www.myvintagebaby.com
ABOUT MY VINTAGE BABY:
My Vintage Baby (MVBY), a newly publicly traded entity, operates in the $30.6 Billion Dollar children's apparel industry offering some of the world's most sought after unique-luxury children's clothing and accessories. Founded in 2001, MVBY has experienced tremendous growth as its unique children's apparel line has been recognized by major department stores and private retailers across the nation.
My Vintage Baby is recognized as "a piece of yesterday for the hip child of today." What makes My Vintage Baby clothing and accessories different is that each item has vintage materials and is one-of-a-kind. My Vintage Baby embellishes with old feed sacks, hankies, chenille, aprons, and tablecloths to embellish the clothing, creating truly unique designs. Its garments are designed with a stunning combination of trendy/new and hand selected vintage materials resulting in one of a kind piece, each with its own nostalgic yet stylish look. The vision is to make each garment as unique as the children who wear them. A My Vintage Baby outfit turns ordinary days into special and memorable events for both child and parent.
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DealerAdvance(TM), Inc. (OTCBB: DLAV).
November 13th, 2007-- DealerAdvance(TM), Inc. (OTCBB: DLAV), developers of proprietary Internet applications for the automotive retail industry announced today that since the release of WebDA(TM), the web based version of DealerAdvance(TM), the company has booked in sales revenue of over $600,000. Steven Humphries, in an analyst meeting, announced that he expects to bring on-line an additional 20 clients boosting revenue to approximately $1.3 million by years end.
"WebDA(TM) is the product of six months R&D and another six months of trials," said Mr. Humphries. "WebDA(TM) will transform DLAV from a hardware driven company to a software driven company and bring Dealerships throughout the country easy, cost effective access to programs necessary to run their dealerships. The software will allow dealerships to run programs without a heavy investment in new hardware, which was previously required with DealerAdvance(TM). Our goal is being realized and that is to quickly turn the company around and create shareholder value. The company expects to generate $1.3 million in revenue from the conversion of existing dealerships by the end of the year and an additional $5-$7 million for newly added dealerships by April 2008." WebDA(TM) changes the platform of our company from being server dependent to a simple Internet product. The opportunity to earn millions from fast track sales promotions is now available for both DLAV and its dealerships. Dealers will no longer be required to purchase expensive hardware, as the application can be accessed and used from PCs anywhere, anytime."
VP of Sales, Dave Scaturro discussed the ease of conversion of existing accounts and his expectations for 2008, suggesting that growth during 2008 should put the company in the black. "The conversion of our DA clients and the addition of new clients is all but certain because of their already successful experience with DA and the much superior attributes, especially the accessibility, that WebDA(TM) software offers from a PC anywhere."
DealerAdvance, Inc. (www.dealeradvance.com) is an innovator in applying technology and the Internet along with process improvement methods to increase business efficiency and sales. The Company has developed an integrated technology called WebDA(TM) which, among many features, allows automobile dealers to capture a customer's purchasing requirements, customers and dealerships personnel to search inventory at multiple locations, locate an appropriate vehicle in stock and print out the necessary forms. Through an integrated CRM (Customer Relationship Management) application, the system sends detailed tasks for prospect and customer follow-up and produces management reports to measure compliance. DealerAdvance(TM) allows sales professionals to increase sales, improve customer follow-up, and reduce administrative costs.
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ALR TECHNOLOGIES INC. (OTCBB: ALRT).
November 14th, 2007-- Form 10QSB filled for ALR TECHNOLOGIES INC.
The preparation of our financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reported periods. Actual results may differ from these estimates under different assumptions or conditions. We believe the accounting polices that are most critical to our financial condition and results of operations and involve management's judgment and/or evaluation of inherent uncertain factors are as follows:
Basis of Presentation. The financial statements have been prepared on the going concern basis, which assumes the realization of assets and liquidation of liabilities in the normal course of operations. If the Company were not to continue as a going concern, it would likely not be able to realize on its assets at values comparable to the carrying value or the fair value estimates reflected in the balances set out in the preparation of the financial statements. As described in note 1 to the interim financial statements, at September 30, 2007, there are certain conditions that exist which raise substantial doubt about the validity of this assumption. The Company's ability to continue as a going concern is dependent upon continued financial support of its creditors and its ability to obtain financing to repay its current obligations and fund working capital and its ability to achieve profitable operations. The Company will seek to obtain creditors consent to delay repayment of its outstanding promissory notes payable until it is able to replace this financing with funds generated from operations, replacement debt or from equity financing through private placements or the exercise of options and warrants. While the Company's creditors have agreed to extend repayment deadlines in the past, there is no assurance that they will continue to do so in the future. Management plans to obtain financing through the issuance of additional debt, the issuance of shares on the exercise of options and warrants and through future common share private placements. Management hopes to realize sufficient sales in future years to achieve profitable operations. Failure to achieve management's plans may result in the Company curtailing operations or writing assets and liabilities down to liquidation values, or both.
About ALR Technologies Inc.:
ALR Technologies, Inc. engages in the design, marketing, and distribution of medical reminder compliance devices primarily in the United States. Its products include ALRT Med Reminder that is programmed by the user to remind up to six events per day; ALRT Once-A-Day, a reminder for people who need a single daily reminder; ALRT Weekly, which reminds at the same time each week to take medications; ALRT Contact Lens Replacement that reminds at the same time for every 2 weeks or every 30 days respectively to change contact lenses; and ALRT PC200, in which reminder events can be programmed at a single time with a personal computer up to eight daily reminder events. The company's products also include Constant Health Companion, which reminds a person the time to take medication and displays the actions/medications to take at the time of each reminder event; and Home Monitoring System, which allows a treatment center and other health care professionals to remotely change patient's reminder timing and/or the actions/doses/medications to take at the time of each reminder event. In addition, it offers ALRT Nebulizer Monitoring System that enables physicians and caregivers to monitor the patients or caretakers use of the nebulizer, the time of day used and the duration of time used; ALRT 48 Hour, an administration compliance reminder that reminds at the same time for every 48 hours to take medications; and Pet Medication Reminder, a 30-day pet reminder for use in conjunction with monthly companion animal medication. ALR Technologies markets and sells its products directly to disease management companies, health insurance providers, pharmaceutical manufacturers, retail pharmacy chains, contract research organizations, and through distribution companies for resale to independent pharmacies. The company was founded in 1987 and is based in Winston-Salem, North Carolina.
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