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  • TouchIT Technologies Inc. (TUCN.OB) Reports Successful Second Quarter 2010 7 comments
    Aug 18, 2010 10:50 AM
    One company that is evolving into a global presence is TouchIT Technologies Inc. Located in Istanbul, Turkey, TouchIT Tech has earned a stellar reputation by designing, producing and marketing touch-based visual communication products. Today, TouchIT turned the heads of investors when they reported 445% growth for the second quarter of 2010.

    TouchIT Tech showed a gross profit of $752,123, up from $79,408 for the same period of 2009, and an increase in net income of $451,740 compared to the six month period ended June 30, 2009.

    To go along with these stellar reports, TouchIT Tech also announced an increase in its cash balance and accounts receivable. The company also has no long-term debt and has recently received financing as a result of a reverse merger transaction.

    One of the leaders at TouchIT Tech is Andi Brabin who serves as the President of World Wide Operations and CFO. Commenting on what potential this growth will mean to TouchIT Tech, Brabin was quoted as saying, “I am pleased to report a second consecutive profitable quarter with increased revenue and improved earnings. We are now entering the two most active quarters of the year for education purchasing, so we are confident in living up to our revenue projections.”

    Currently, TouchIT Tech is trading in the $0.28 range. With this positive financial news and a number of manufacturing facilities across the globe, TouchIT Tech is a company to keep an eye on.

    To learn more about TouchIT Technologies Inc., visit the company website at: touchittechnologies.com.

    Please see disclaimer on QualityStocks website: disclaimer.qualitystocks.net


    Disclosure: no positions
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Comments (7)
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  • ravens9111
    , contributor
    Comments (121) | Send Message
     
    I am a buyer today. Keeping long term.
    28 Sep 2010, 04:08 PM Reply Like
  • lionsharevc
    , contributor
    Comments (3) | Send Message
     
    I have a substantial equity stake in TUCN .. at $.17 today the market valuation is approx $10.5mil based on 61.3 issued and out. The IWB industry is growing and expected to continue growing at 25-33% annually, yet TUCN's organic growth is 3-4 times its peers. TUCN has $0 long term debt and has Projected $5mil SALES in 2010 with $750,000 NET INCOME and $12.5mil SALES in 2011 with $3.1mil net net.. If TUCN maintains a P/E of 15 and reaches its 2011 projections of $3.1 mil NET INCOME = $46.5MIL VALUATION or $.75 per share.

     

    According to Morgan Stanley analyst for market leader SMART (SMT) US Market penetration is expected to grow from 28% to 59% from 2009-2012. IWB's are less than 1% of an annual school budget. Therefore as more an more schools purchase their first one or a few IWBs, they will eventually install them in every classroom ... therefore there is real upside over the long term.
    19 Nov 2010, 04:23 PM Reply Like
  • rnldtippitt
    , contributor
    Comments (2) | Send Message
     
    Any estimates when we might pull out of this slump? Great news was posted this week, and were suddenly down at.15. I don't get it.
    22 Nov 2010, 05:58 PM Reply Like
  • lionsharevc
    , contributor
    Comments (3) | Send Message
     
    there is 1 seller that owned a big piece of the original shell HMSM. Based on their cost avg, I do not believe they will sell below .125.. however I do believe they will be out of stock prior to months end.. I believe TUCN is an excellent value at these levels based on future projections and real sales and profit growth. Their IWB technology is far superior and more functional than competitors such as Smart, Promethean, Mimio and E-beam. Those competitors were simply in the IWB business well before TouchIT, in fact 2 of the founders of TUCN were Heads of Worldwide Sales at both Virtual Ink/ Mimio and Luidia/E-beam... I am convinced they will grow TUCN as they did previous Co's to valuations of 5-10's current
    23 Nov 2010, 08:53 AM Reply Like
  • ravens9111
    , contributor
    Comments (121) | Send Message
     
    I am buying more on the dips to lower the cost average. As long as the growth continues, this one should go up. I am holding for 3 years so I expect the price to be very volatile. I bought a little SMT after they plunged down to $8. They have since rebounded. Their problem is the debt load and future revenue growth. I don't see this company having those same problems in the near future.
    23 Nov 2010, 10:19 AM Reply Like
  • lionsharevc
    , contributor
    Comments (3) | Send Message
     
    Q4 is always the biggest in the industry. In 2009 TUCN did more in Q4 than its first 3Q's combined. New distribution partners such as proforma.com and dstewart.com will generate huge business for TUCN. Proforma is the biggest forms Company in North Amer with over 700 franchisee reps and Douglas Stewart is a $300mil private educ Company that wants to be big in the IWB industry...
    24 Nov 2010, 03:15 PM Reply Like
  • rnldtippitt
    , contributor
    Comments (2) | Send Message
     
    Thanx for the plugs. I needent worry then. This slide has made me a bit nervous. I did email them, and was reassured that the drop may have been one of the larger investors cashing in on some of his options from the reverse merger.
    4 Dec 2010, 10:10 PM Reply Like
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