Autobytel Inc. (Nasdaq:ABTL) a leading provider of online consumer purchase requests and marketing resources to the automotive industry, reported financial results for the third quarter ended September 30, 2010. Revenue for the 2010 third quarter totaled $12.9 million, compared with $13.4 million for the 2009 third quarter and up approximately 7% from $12.1 million for the preceding second quarter of 2010. Purchase request revenue for the 2010 third quarter increased 2% from the same quarter last year and 6% from the immediately preceding quarter, resulting primarily from substantially improved wholesale OEM purchase request revenue. Advertising revenue declined to $1.0 million for the 2010 third quarter, from $1.6 million last year, but increased from $869,000 for the 2010 second quarter primarily due to an increase in direct marketing revenue.
Autobytel Inc. operates as an automotive marketing services company that helps automotive retail dealers and manufacturers that sell new and used vehicles through its Internet lead referral and online advertising programs. The company?s lead programs include new vehicle lead program that allows consumers to submit requests for pricing and availability of specific makes and models; used vehicle lead program, which allows consumers to search for used vehicles according to specific search parameters, such as the price, make, model, mileage, year, and location of the vehicle; and finance lead program designed to provide consumers opportunity to obtain vehicle financing and other services.
PTS, Inc. (OTCPK:PTSH)
Following several queries from the investment community, PTSH explains the relationship with ThinLine and addresses its "70% ownership". Raj Kalra, CEO of PTSH explains, "PTSH purchased my 70% ownership of ThinLine in a Share Exchange Agreement last week. In exchange of my 70% ownership I received restricted shares of PTSH stock. ThinLine has two owners, PTSH (70%) and a second party (30%). ThinLine is a subsidiary of PTSH, owning 70% therefore shall receive 70% of the profits. In respect to why the deal won't close until December 31, 2010 is due to two factors: 1) ThinLine has approx 70 days to complete SEC audits and; 2) PTSH has its year end 12/31/10, and it makes for easier accounting. For all intensive purposes it is business as usual for PTSH and ThinLine since the merger.
PTSH intends to acquire undervalued businesses and/or merge with businesses with a history of operating revenues. Prior to February 23, 2010, PTSH engaged in the provision of accessibility compliance consulting services to government, school districts, and municipalities and other public entities, as well as to retail, commercial, recreational, and corporate customers. PTS, Inc. was founded in 1996 and is based in Las Vegas, Nevada.
To learn more about PTSH visit: http://www.ptspi.com
IDO Security Inc. (OTCPK:IDOI)
IDO Security, Inc., developer of the innovative MagShoe shoe scanning device (NYSE:SSD), continues to market its patented shoe scanning device (SSD), MagShoe 3G series across the globe. The MagShoe not only provides a safe and secure shoes-on weapons metal detection solution that can be easily incorporated to existing screening devices, but also provides a system that is comfortable and convenient for travelers.
"There has been an endless outcry from the public with regards to the new pat-down and full body scan procedures that have been implemented by TSA at the airports as well as pleas by the head of the TSA asking travelers for their patience and cooperation as we head into one of the busiest travel seasons," said President and CEO of IDOI, Michael Goldberg. "We continue to reach out to officials across the world with urgency to act on this outcry and provide travelers an increased security presence while also giving them sense of privacy and comfort at a time where security threats are at their highest."
IDO Security Inc. engages in the design, development, and marketing of devices for the homeland security and loss prevention markets. IDOI's products are used in security screening procedures to detect ferrous and non-ferrous metallic objects concealed on or in footwear, ankles, and feet through the use of electro-magnetic fields.
To learn more about IDOI visit: http://www.idosecurityinc.com
Builders FirstSource, Inc. (Nasdaq:BLDR) a leading supplier and manufacturer of structural and related building products for residential new construction in the United States, announced it has amended its 2007 senior secured revolving credit facility (the "Facility"). The amendment was requested by the company in order to increase its borrowing availability and reduce the commitment fees paid under the Facility.
Builders FirstSource, Inc. engages in the manufacture and supply of structural and related building products for residential new construction in the United States. It offers prefabricated components, including floor trusses, roof trusses, wall panels, stairs, and engineered wood; aluminum and vinyl windows; and pre-hung interior and exterior doors, as well as assembles and distributes interior and exterior door units.
Zhone Technologies Inc. (Nasdaq:ZHNE) announced that Viewqwest Limited, an internet service provider in Singapore, has chosen its industry-leading multi-service access node (MSAN) system and Zhone Network Interface device (zNID) optical network terminals (ONT) to serve as a core enabler of Viewqwest’s Gigabit Passive Optical Network (GPON) network. Working with Zhone’s partner Connect Network Limited, Zhone’s GPON solutions will provide advanced connectivity to Viewqwest customers, including small- and medium-sized enterprises throughout Singapore.
Zhone Technologies, Inc., together with its subsidiaries, designs, develops, and manufactures communications network equipment for telecommunications, wireless, and cable operators worldwide. It offers single line multi-service (SLMS) architecture, which provides support for voice over Internet protocol (VoIP) and IP entertainment by integrating access, transport, customer premises equipment, and management functions in a standards-based system.
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