hitex
20 years ago
MYCO News just out. More positive outlook here, IMHO!
Press Release Source: Mycom Group, Inc.
Mycom Expands mailMAX Channel Program Nationally
Tuesday May 3, 8:50 am ET
CINCINNATI--(BUSINESS WIRE)--May 3, 2005--Mycom Group, Inc. (OTCBB:MYCO - News), a technology products, managed services, and software development company, is introducing a new National Channel Sales Program at the 2005 Networld+Interop technology show in Las Vegas. The program contracts Value Added Resellers to resell the mycomPRO® mailMAX(TM) service.
One of the barriers to taking on a new product for a reseller is the learning curve and support. CEO Rob Bransom commented, "Our channel program lets resellers deliver a service their clients need without any heavy investment in training or equipment. Resellers leverage our infrastructure and our technical resources to immediately deliver a solution."
"As a reseller, I love this product!" stated Allen Stringfellow, Vice President of Operations at Magnolia Bell Data Systems, Inc. "When we show mailMAX(TM) to customers and demonstrate all of its features, it practically sells itself. I've found that customers particularly love the reporting tool. They like being able to see what is coming in and out of their network and who is sending it."
"We have evaluated reseller arrangements with a few select partners. Their success stories have been growing and we've decided to expand the program. At Networld+Interop we will be actively recruiting established and successful resellers throughout the country," explained Mycom's Vice President of Managed Services, Chad Mattix.
Resellers have a choice of referring their clients to Mycom in exchange for a monthly commission, or they can control the customer relationship and handle the sales and billing process directly. For either option, Mycom provides the technical support infrastructure and sales training. The program can also be set up as a private label solution for large ISPs or vendors, based on volume commitments.
"The flexibility of our program is very attractive. We have had resellers selling to their clients even before the reseller agreement with us was finalized," noted Mattix.
The channel program is designed for experienced and professional reseller organizations looking for a recurring revenue stream. Service delivery, technical support, sales materials, and service development is provided by Mycom Group to support the reseller channel.
CEO Bransom stated, "Mycom's long term goal is to have 75% or more of mailMAX(TM) revenue come from the reseller channel."
mailMAX(TM) provides protection from the risks of email. As a managed service, mailMAX filters out junk email, eliminates embedded viruses, places a barrier between mail servers and the Internet to discourage hacking attempts, enables content scanning for harassing or inappropriate content with liability potential, lets firms append legal disclaimers to messages, and provides flexible tools for monitoring and enforcing office email policies. Email encryption is a new add-on feature.
mailMAX(TM) was recently chosen as one of the best email scanning services by Network World Magazine. For details on mailMAX(TM) see www.mycomPRO.com.
About Mycom Group Inc.
The Mycom Group, Inc. is a technology solutions and managed services provider to businesses and organizations throughout North America. It markets a wide range of software, hardware, enterprise solutions and technology services. Mycom develops and markets new applications and services using the mycomPRO® brand name, and as a private label. Mycom, headquartered in Cincinnati, Ohio, is on the web at www.mycom.com.
NOTE: This Mycom Group press release may contain certain forward-looking statements within the meaning of the "safe harbor" provisions of the federal securities laws. Such statements are subject to certain risks and uncertainties that could cause actual results or outcomes to differ materially from those currently anticipated. Important risks and uncertainties, among others, that could cause actual results to differ materially from those described in these statements include the strength of the U.S. economy and other factors. For additional information about Mycom Group, Inc. please refer to the current Forms 10-KSB and 10-QSB as filed with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
Mycom Group, Inc.
Chad Mattix, 513-404-8329
Email: cmattix@mycom.com
--------------------------------------------------------------------------------
Source: Mycom Group, Inc.
hitex
20 years ago
WOW, MYCO up 40%. Trading at .03 x .0370 vol 360K!! Goooo!
Here's the news again! GLTA!
Press Release Source: Mycom Group, Inc.
Mycom Adds Encryption Security to Email Service
Monday May 2, 8:50 am ET
LAS VEGAS--(BUSINESS WIRE)--May 2, 2005--Mycom Group, Inc. (OTCBB:MYCO - News), a technology products, managed services, and software development company, is introducing a new managed service, mailMAX(TM) with Encryption, at the 2005 Networld+Interop technology show in Las Vegas.
ADVERTISEMENT
Mycom's Chief Executive Officer, Rob Bransom, explained the need for encryption. "As legal organizations and corporations deal with Sarbanes-Oxley requirements, and health care providers face the privacy restrictions imposed by HIPAA, the need to secure email is critically important. Encryption allows organizations to retain the cost savings and speed of email, but still keep the communication secure."
mailMAX(TM) with Encryption automates the process of encrypting and decrypting Internet email, and eliminates the need for expensive hardware to purchase or support.
"We are making email encryption easy," stated Vice President of Managed Services Chad Mattix. "Our solution builds on PGP's encryption technology and delivers that level of security with the benefits of immediate deployment, effective and reliable service, minimal management effort, and transparency to email sender and recipient,"
In February Mycom entered into an agreement with PGP Corporation, a global leader in enterprise encryption solutions, to include award winning PGP® Universal encryption in mycomPRO® mailMAX(TM). The new feature provides all the advantages of private key encryption without the limitations of many current solutions. Mycom completed beta testing of the new encryption functionality in April.
mailMAX provides protection from the risks of email. As a managed service, mailMAX filters out junk email, eliminates embedded viruses, places a barrier between mail servers and the Internet to discourage hacking attempts, enables content scanning for harassing or inappropriate content with liability potential, lets firms append legal disclaimers to messages, and provides flexible tools for monitoring and enforcing office email policies.
mailMAX was recently chosen as one of the best email scanning services by Network World Magazine. For details on mailMAX see www.mycomPRO.com.
About PGP Corporation
Recognized worldwide as a leader in enterprise encryption technology, PGP Corporation develops, markets, and supports products used by more than 30,000 enterprises, businesses, and governments worldwide, including 90% of the Fortune 100 and 75% of the Forbes International 100. PGP products are also used by thousands of individuals and cryptography experts to secure proprietary and confidential information.
During the past 10 years, PGP® technology has earned a global reputation for standards-based, trusted security products. It is the only commercial security vendor to publish source code for peer review. The unique PGP encryption product suite includes PGP Universal - an automatic, self-managing, network-based solution for enterprises-as well as desktop, mobile, and FTP/batch transfer solutions. Contact PGP Corporation at www.pgp.com or 650-319-9000.
About Mycom Group Inc.
The Mycom Group, Inc. is a technology solutions and managed services provider to businesses and organizations throughout North America. It markets a wide range of software, hardware, enterprise solutions and technology services. Mycom develops and markets new applications and services using the mycomPRO® brand name, and as a private label. Mycom, headquartered in Cincinnati, Ohio, is on the web at www.mycom.com.
NOTE: This Mycom Group press release may contain certain forward-looking statements within the meaning of the "safe harbor" provisions of the federal securities laws. Such statements are subject to certain risks and uncertainties that could cause actual results or outcomes to differ materially from those currently anticipated. Important risks and uncertainties, among others, that could cause actual results to differ materially from those described in these statements include the strength of the U.S. economy and other factors. For additional information about Mycom Group, Inc. please refer to the current Forms 10-KSB and 10-QSB as filed with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
Mycom Group, Inc.
Chad Mattix, 513-404-8329
Email: cmattix@mycom.com
--------------------------------------------------------------------------------
Source: Mycom Group, Inc.
TinTin4
20 years ago
MYCO news - Mycom Presents Technology Trends to Legal Administrators
Friday March 4, 3:16 pm ET
CINCINNATI--(BUSINESS WIRE)--March 4, 2005--Mycom Group, Inc. (OTCBB:MYCO - News), a technology products, managed services, and software development company, announced its Vice President of Managed Services, Chad Mattix will be speaking on March 8, 2005 to the Greater Chicago Chapter of the Association of Legal Administrators on Technology Trends that can impact law firms.
The Association of Legal Administrators is an international organization with a membership of over 9,000 administrators from law firms and corporate legal departments from all over the world. The mission of the ALA is to provide educational tools to its members for their benefit as administrators and for the benefit of the firms, corporate legal departments and organizations they represent.
Mattix stated, "HIPPA and Sarbanes Oxley regulations are creating an urgency for organizations to improve and assure security of communications and document retention. This is making effective management of email, outbound and inbound, a critical challenge. Mycom offers a solution for legal, financial and healthcare organizations to secure and efficiently manage their electronic mail. We also provide an answer to document retention requirements that now apply to email. We welcome the opportunity to discuss these kinds of technological challenges and solutions with the legal community."
The Mycom Group provides technology services and its email scanning service, mycomPRO mailMAX to a wide range of legal, financial and business institutions throughout North America. Mycom recently announced that it will be adding encryption and archiving to mailMAX.
mailMAX, recently chosen as one of the best email scanning services by Network World Magazine, scans both inbound and outbound email, checking for viruses, harassing or inappropriate (pornographic) content, pictures, key words, attachment types, and message size. The powerful, spam and virus filtering service, built by Mycom, operates on a highly secure Linux cluster. Reporting tools provide real-time information on email traffic. The system automatically sends summary notifications of stopped messages to the network administrator, individual clients or user groups. Learn more about mailMAX at www.mycomPRO.com
comtek
20 years ago
Spam Costs World Businesses $50 Billion
By Gregg Keizer, TechWeb News
2:39 PM EST Wed. Feb. 23, 2005
Spam will cost the world $50 billion in lost productivity and other expenses a research firm said Wednesday, with more than a third of that -- $17 billion -- wasted by U.S. firms.
According to San Francisco-based Ferris Research's newest report, spam's cost is primarily in lost worker time as employees filter spam, deal with false positives, and query corporate help desks for assistance with the plague.
"But the costs could be a lot worse," said Richi Jennings, one of the Ferris analysts who authored the report. "We haven't seen as much of a spike in costs as in spam volume," he added, "because more organizations are putting in better anti-spam technology."
Since 2003, for example, spam volume hitting U.S. enterprises has jumped five fold, while costs have not even doubled. In 2003, Ferris estimated spam costs to U.S. organizations at $10 billion, with 2005's lost money amounting to $17 billion.
With such great sums of money at stake -- 0.17 percent of the U.S. gross national income -- it's easy for companies to make a business case for anti-spam technology, particularly in developed countries where labor costs are higher (thus raising the dollars lost to productivity drains) and spam volumes larger.
"For developed countries, deploying competent spam filtering software makes good business sense," said Jennings. "The business case in emerging economies is less clear-cut."
In countries such as India and China, where spam volumes are relatively low (so far) and labor costs are rock-bottom, costs are less than a third of those in the U.S. per mailbox. "If all you're considering is the direct measurable cost and nothing else, you could say that part of these people's jobs is to delete spam," said Jennings. "It's simply because labor is so much cheaper."
But in higher-priced economies -- such as the U.S., Europe, and Japan -- costs skyrocket, and vary to a surprising degree.
In the U.S., for instance, spam's annual per-mailbox cost to businesses is $170. In Germany, however, that number jumps to $241 a year. Germany's labor costs are higher, noted Jennings, because of fewer work days and high health care and pension costs borne by businesses.
Nor is every method of filtering spam equal in economy, he added. Server-based filtering is considerably cheaper than desktop-based anti-spam solutions: the former typically costs $132 per year per user, while the latter runs $217.
Doing nothing costs even more, since manually filtering drives up the spam price tag to a whopping $718 per year per user.
"There are very few scenarios where we would recommend desktop filtering," said Jennings, "unless it was a 'belt and braces' approach with multiple layers at, say, the gateway, inside the network, and on the desktop. But I don't see any trend of this."
It's hard to make a financial case for desktop filtering, he added, since the IT management costs are so much greater for that tactic compared to filtering at the server. "Anytime an IT department has to roll out software to everyone's desktop, you're talking serious money," he said. Sometimes people try to make the case that desktop-only filtering is more economical for small companies or for those organizations where a minority of the workers receive most of the spam, but "even then, a hosted spam filtering service from a third-party service provider will probably be more economical and effective," Jennings said.
BuzzOnDaBeach
21 years ago
MYCO DD
OS 72 million
Insider Ownership 50 million
Float 22 million
Insider ownership at .15 per share.
On October 22, 2003, a Director of the Company
purchased 666,667 preferred shares, series A, from the
Company at a price of $.15 per share. This represented
an investment of $100,000. The terms of the preferred
share purchase agreement include conversion rights to
common stock, on a one-for-one basis at any time
within a five-year term.
Revenue Growth, pre announced Q4:
fourth quarter 2003 revenue of $2.5MM with growth of
10%. Annually, Mycom Group revenue grew 8%, to $8.8MM
in 2003.
In 2003, Mycom's consulting and managed services
business grew 75% from $1.2MM to $2.1MM
CEO hinted at profitablility in Q4 when final numbers
are out in a PR stating "positive results".
Q3 Rev. 2.3 million
Q3 Net loss 63.2K
Q4 Rev 2.5 million
Q4 Net ???
First nine months 2003 compared to 2004
A net loss for the first nine months of 2003 totaling
$189.8K compared favorably to the $2,414.1K loss
recorded for the same period in 2002.
Current market cap is less than last 2 quarters revenue.
New product being launched in early 2004:
We are pleased with the development of our new
mycomPro(TM) mailMAXII spam and virus filtering
system. It is performing effectively in test and we
will be expanding the scope of testing in the near
future. We plan to introduce the new service during
the first quarter of 2004."
Will operate on Linux as well as Windows, and they have built in customers for the product through their consulting business.
CEO comments:
"Although we have not completed all of our closing and
audit activities for 2003, we can announce positive
performance for the fourth quarter. This performance
was very important because we are testing a new more
effective and easy to use spam and virus filtering
system that has been developed by Mycom during the
second half of 2003. We have devoted extensive
investment toward (R&D) product development and we
needed positive performance from our established
software and services businesses to support the
investment."
Mycom repositioned its services business to focus on the IT Security Category in February of 2003, with the acquisition of Maximize IT. The acquisition provided the base of technology for Mycom to develop and market its' anti-virus and spam filtering service, mycomPRO(TM) mailMAX and its' intrusion detection service, mycomPRO(TM) secureMAX. In 2003, Mycom's consulting and managed services business grew 75% from $1.2MM to $2.1MM
Final 2003 results expected in Feb. PR's regarding the new product launch, customers, etc expected to ramp up very soon.
Buzz
Wise Investment
23 years ago
(COMTEX) B: MYCOM GROUP INC - New Software and Development of Technologi
B: MYCOM GROUP INC - New Software and Development of Technologies
Internationally To - Be Announced by Mycom
New York, New York, Apr 12, 2002 (Market News Publishing via COMTEX) -- Mycom
Group, Inc., a technology products, services, and software development company
headquartered in Cincinnati, Ohio, announced that a presentation of the
company's performance, new products, and strategic business development plan
will be featured at the upcoming Annual Shareholders Meeting.
The meeting will be held at Mycom's corporate headquarters, 602 Main Street,
Cincinnati, Ohio 45202, on May 21st at 10:00 a.m. EST.
Mycom's Chairman and CEO, Rob Bransom announced that presentations on the
company's business segments will illustrate records of positive performance for
its Software Sales and Networking and Security Divisions, and a resurgence of
business in the Enterprise Communications and Training Division.
Bransom commented further, "Mycom expects significant growth during the second
half of 2002 in two other business categories:
The first will be from the development of mycomPRO(TM) brand
software solutions, which is introducing a new Java version of
mycomPRO Web Manager in June of 2002. A demonstration of the new
software will be made at the Annual Meeting.
The second will come from the company's recently signed
contractual alliance with an international developer and service
provider, Danlaw Technologies India, Ltd.
We will update our shareholders on how we plan to develop these
new areas of business into important growth and profit
contributors."
Mycom will begin distributing proxy information April 19th to shareholders of
record as of April 12, 2002.
About Mycom
Mycom Group, Inc. provides a complementary mix of technology products and
services. It markets a wide range of software, hardware and enterprise solutions
to a base of more than 20,000 customers throughout North America. Mycom develops
and markets new software applications using the mycomPRO(TM) brand name. The
company's technical and communications services include networking; systems
security; design, development and web enabling of e-business applications;
database applications; online and classroom training and instructional design;
communications services for large and medium-sized businesses; and technical
marketing and documentation services. Mycom employs 50 people located in
Cincinnati, Ohio.
Mycom Group is on the web at www.mycom.com and www.broughton-int.com.
NOTE: This Mycom Group press release may contain certain forward-looking
statements within the meaning of the "safe harbor" provisions of the federal
securities laws. Such forward-looking statements are subject to certain risks
and uncertainties that could cause actual results or outcomes to differ
materially from those currently anticipated. Important risks and uncertainties,
among others, that could cause our actual results to differ materially from
those described in these forward-looking statements include the strength of the
U.S. economy and other factors. For additional information about Mycom Group,
Inc. please refer to the Forms 10-KSB and 10-QSB as filed with the Securities
and Exchange Commission.
CONTACT: TEL: 513/333-7003 T. Clay Lehmann, Mycom Group Inc.
Email: clehmann@mycom.com
MarketbyFax(tm) - To get the NEWS as it happens, call (604) 689-3041.
(C) 2002 Market News Publishing Inc.
-0-
KEYWORD: New York, New York
*** end of story ***
Wise Investment
23 years ago
(COMTEX) B: MYCOM GROUP INC - Receives Multiple Awards from Professional
B: MYCOM GROUP INC - Receives Multiple Awards from Professional Organization
New York, New York, Feb 26, 2002 (Market News Publishing via COMTEX) -- Mycom
Group, Inc., a technology products and services, e-solutions and software
development company headquartered in Cincinnati, Ohio, announced that it had
received several awards from the Southwestern Ohio Chapter of the Society for
Technical Communication at last evening's award banquet. Mycom's Enterprise
Communications and Training (ECT) Division won four awards ranging from Award of
Excellence through Award of Merit for projects completed in 2001. The
award-winning entries included projects showcasing expertise in internal
marketing, graphic arts, online training and technical documentation.
"I couldn't be more pleased", said Kate McClain, VP of Mycom's ECT Division.
"The range of projects for which we've received awards speaks volumes about our
ability to provide effective end-to-end solutions...we provide a full complement
of services and we do them all very, very well." McClain encourages employees of
the ECT Division to enter competitions with STC and other professional
organizations. "Mycom has an extraordinarily talented staff. But every
competition provides opportunities to learn and grow professionally and
artistically. The quest for excellence is a never-ending journey."
The STC annual awards recognize outstanding achievement in the areas of
technical publications, technical art and online communication.
About Mycom
Mycom Group, Inc. provides a complementary mix of technology products and
services. It markets a wide range of software, hardware and enterprise solutions
to a base of more than 20,000 customers throughout North America. Mycom develops
and markets new software applications using the mycomPRO brand name. In January
of 2002, Mycom announced it had secured an exclusive distribution agreement on a
new line of GoVisual software for use with Microsoft(R) Visio(TM). The Company's
technical and communications services include networking; systems security;
design, development and web enabling of e-business applications; database
applications; online and classroom training and instructional design;
communications services for large and medium-sized businesses; and technical
marketing and documentation services. Mycom employs 50 people located in
Cincinnati, Ohio and Seattle, Washington.
Mycom Group is on the web at www.mycom.com and www.broughton-int.com
NOTE: This Mycom Group press release may contain certain forward-looking
statements within the meaning of the "safe harbor" provisions of the federal
securities laws. Such forward-looking statements are subject to certain risks
and uncertainties that could cause actual results or outcomes to differ
materially from those currently anticipated. Important risks and uncertainties,
among others, that could cause our actual results to differ materially from
those described in these forward-looking statements include the strength of the
U.S. economy and other factors. For additional information about MYCOM Group,
Inc. please refer to the Forms 10-KSB and 10-QSB as filed with the Securities
and Exchange Commission.
CONTACT: TEL: 513/352-5560 x 180 T. Clay Lehmann, Mycom Group Inc.
Email: clehmann@mycom.com
MarketbyFax(tm) - To get the NEWS as it happens, call (604) 689-3041.
(C) 2002 Market News Publishing Inc.
-0-
KEYWORD: New York, New York
*** end of story ***
Wise Investment
23 years ago
(BSNS WIRE) New Mycom Software Helps Reduce Website Costs
New Mycom Software Helps Reduce Website Costs
Business Editors & High Tech Writers
CINCINNATI--(BUSINESS WIRE)--Feb. 25, 2002--Mycom Group, Inc.
(OTCBB:MYCO), a technology products and services, e-solutions and
software development company headquartered in Cincinnati, Ohio, today
previewed the release of a new Java version of mycomPro(TM) Web
Manager, scheduled for release in the spring of 2002.
This dynamic new product enables users with little or no web
publishing experience to quickly and easily design, develop, publish,
and maintain an internet, or intranet web site. Businesses can
professionally manage their web sites and intranet sites while
reducing consulting expenditures and technical staff. The new
Java-based version allows ease of use on a broad range of platforms.
This new Java version enhances the line of mycomPRO(TM) products.
It is also competitively priced to allow business to realize staff and
consulting cost reductions.
Mycom's President, Jim Bobbitt stated, "mycomPRO Web Manager
software enables businesses significant operating and overhead cost
savings while providing a tremendous technical efficiency advancement.
Every business needs to periodically update their web site or operate
an intranet. Our new version can be used by any business, large or
small."
Mycom provides technical support and can provide installation and
on-line or onsite training to mycomPRO Web Manager users. More
information is available at www.mycompro.com.
About Mycom
Mycom Group, Inc. provides a complementary mix of technology
products and services. It markets a wide range of software, hardware
and enterprise solutions to a base of more than 20,000 customers
throughout North America. Mycom develops and markets new software
applications using the mycomPRO brand name. In January of 2002, Mycom
announced it had secured an exclusive distribution agreement on a new
line of GoVisual software for use with Microsoft(R) Visio(TM). The
Company's technical and communications services include networking;
systems security; design, development and web enabling of e-business
applications; database applications; online and classroom training and
instructional design; communications services for large and
medium-sized businesses; and technical marketing and documentation
services. Mycom employs 50 people located in Cincinnati, Ohio and
Seattle, Washington.
Mycom Group is on the web at www.mycom.com and
www.broughton-int.com
NOTE: This Mycom Group press release may contain certain
forward-looking statements within the meaning of the "safe harbor"
provisions of the federal securities laws. Such forward-looking
statements are subject to certain risks and uncertainties that could
cause actual results or outcomes to differ materially from those
currently anticipated. Important risks and uncertainties, among
others, that could cause our actual results to differ materially from
those described in these forward-looking statements include the
strength of the U.S. economy and other factors. For additional
information about MYCOM Group, Inc. please refer to the Forms 10-KSB
and 10-QSB as filed with the Securities and Exchange Commission.
--30--jlp/clv*
CONTACT: Mycom Group, Inc.
T. Clay Lehmann, 513/333-7003
Email: clehmann@mycom.com
KEYWORD: OHIO WASHINGTON
INDUSTRY KEYWORD: ADVERTISING/MARKETING COMPUTERS/ELECTRONICS
E-COMMERCE EDUCATION INTERNET SOFTWARE HARDWARE TELECOMMUNICATIONS
PRODUCT
SOURCE: Mycom Group, Inc.
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com
*** end of story ***
Wise Investment
23 years ago
(BSNS WIRE) Mycom Group Receives Multiple Awards from Professional Organiza
Mycom Group Receives Multiple Awards from Professional Organization
Business Editors & High Tech Writers
CINCINNATI--(BUSINESS WIRE)--Feb. 22, 2002--Mycom Group, Inc.
(OTCBB:MYCO), a technology products and services, e-solutions and
software development company headquartered in Cincinnati, Ohio, today
announced that it had received several awards from the Southwestern
Ohio Chapter of the Society for Technical Communication at last
evening's award banquet. Mycom's Enterprise Communications and
Training (ECT) Division won four awards ranging from Award of
Excellence through Award of Merit for projects completed in 2001. The
award-winning entries included projects showcasing expertise in
internal marketing, graphic arts, online training and technical
documentation.
"I couldn't be more pleased", said Kate McClain, VP of Mycom's ECT
Division. "The range of projects for which we've received awards
speaks volumes about our ability to provide effective end-to-end
solutions...we provide a full complement of services and we do them
all very, very well." McClain encourages employees of the ECT Division
to enter competitions with STC and other professional organizations.
"Mycom has an extraordinarily talented staff. But every competition
provides opportunities to learn and grow professionally and
artistically. The quest for excellence is a never-ending journey."
The STC annual awards recognize outstanding achievement in the
areas of technical publications, technical art and online
communication.
About Mycom
Mycom Group, Inc. provides a complementary mix of technology
products and services. It markets a wide range of software, hardware
and enterprise solutions to a base of more than 20,000 customers
throughout North America. Mycom develops and markets new software
applications using the mycomPRO brand name. In January of 2002, Mycom
announced it had secured an exclusive distribution agreement on a new
line of GoVisual software for use with Microsoft(R) Visio(TM). The
Company's technical and communications services include networking;
systems security; design, development and web enabling of e-business
applications; database applications; online and classroom training and
instructional design; communications services for large and
medium-sized businesses; and technical marketing and documentation
services. Mycom employs 50 people located in Cincinnati, Ohio and
Seattle, Washington.
Mycom Group is on the web at www.mycom.com and
www.broughton-int.com
NOTE: This Mycom Group press release may contain certain
forward-looking statements within the meaning of the "safe harbor"
provisions of the federal securities laws. Such forward-looking
statements are subject to certain risks and uncertainties that could
cause actual results or outcomes to differ materially from those
currently anticipated. Important risks and uncertainties, among
others, that could cause our actual results to differ materially from
those described in these forward-looking statements include the
strength of the U.S. economy and other factors. For additional
information about MYCOM Group, Inc. please refer to the Forms 10-KSB
and 10-QSB as filed with the Securities and Exchange Commission.
--30--slb/clv*
CONTACT: Mycom Group, Inc.
T. Clay Lehmann, 513/352-5560 ext. 180
Email: clehmann@mycom.com
KEYWORD: OHIO WASHINGTON
INDUSTRY KEYWORD: SOFTWARE E-COMMERCE INTERNET HARDWARE EDUCATION
NETWORKING ADVERTISING/MARKETING
SOURCE: Mycom Group, Inc.
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com
*** end of story ***
Wise Investment
23 years ago
COMTEX) B: MYCOM GROUP INC - Expects Strong 4th Quarter and Announces 3
B: MYCOM GROUP INC - Expects Strong 4th Quarter and Announces 3rd Quarter
Results
New York, New York, Nov 15, 2001 (Market News Publishing via COMTEX) -- Mycom
Group, Inc., an e-solutions company headquartered in Cincinnati, Ohio announced
expectations of better performance, and growth in the fourth quarter due to (1)
higher product sales from its sales division, Broughton International, that has
historically had a strong fourth quarter, (2) added volume as a result of the
August acquisition of accounts from Read Technologies, Inc., (3) higher service
revenue, and (4) lower costs from continued integration and restructuring of the
newly merged entities.
Mycom Group also reported revenue for the third quarter of 2001 was up 48%
versus the same period last year, and up 67% for the nine month period ended
September 30, 2001. Revenues were $2,525,811 and $6,976,411 for the three and
nine month periods in 2001 respectively. The Company reported a loss of $285,758
for the quarter just ended and a $183,713 loss for the nine-month period
compared to nominal earnings for both comparable periods last year (the Company
was privately-held in 2000). The losses in 2001 were attributed to a reduction
in consulting revenue caused by economic conditions throughout the U.S. and
significantly reduced business activities after the September 11th terrorism.
The Company's software sales division continued to operate profitably.
Mycom's Chief Executive Officer, Rob Bransom indicated, "We are encouraged by
the rebound of business that appears to be occurring in the first six weeks of
the fourth quarter. We are fortunate to have set efficiencies into motion when
we merged our companies last April that enabled us to effectively manage cash
flow and losses caused by the economy and terrorism. We made an acquisition in
August that should add significant and profitable business in the fourth
quarter, and we are in the midst of introducing a new software product, mycomPRO
Web Manager."
Bransom added, "We are a company that is focused on providing end to end
technology solutions and software to our customers and we are fortunate to have
expertise in some growing business categories such as security. We also view the
operating and overhead expense controls implemented by businesses during the
past six months as an opportunity for our consulting, training, and application
development groups. As Companies operate leaner, and seek more efficiency, the
demand for our technology services and for products that reduce operating
expenses, such as mycomPRO Web Manager(TM) should increase.
About MYCOM
Mycom Group, Inc. is a public company (Nasdaq BB:MYCO) which provides a
complementary mix of technology including comprehensive design, development and
web enabling of e-business applications, database applications, networking,
online and classroom instructional training and communications services for
large and medium-sized businesses, and technical marketing and documentation
services that enhance the benefits of technology investments across an
enterprise. Through its sales division, Broughton International, Mycom offers a
wide range of software, hardware and enterprise solutions to a base of more than
20,000 customers throughout North America. Mycom develops and markets
mycomPRO(TM) software, and is introducing mycomPRO(TM) Web Manager, a web
development and content software tool. A demo of the new web application can be
seen at www.mycompro.com. Mycom employs approximately 65 employees, located in
Cincinnati, OH and Seattle, WA. Mycom Group is on the web at www.mycom.com and
Broughton is on the web at www.broughton-int.com.
NOTE: This Mycom Group press release contains certain forward-looking statements
within the meaning of the "safe harbor" provisions of the federal securities
laws. Such forward-looking statements are subject to certain risks and
uncertainties that could cause actual results or outcomes to differ materially
from those currently anticipated. Important risks and uncertainties, among
others, that could cause our actual results to differ materially from those
described in these forward-looking statements include the strength of the U.S.
economy and other factors. For additional information about Mycom Group, Inc.
please refer to the Forms 10-KSB and 10-QSB as filed with the Securities and
Exchange Commission.
CONTACT: TEL: 513/352-5560 ext. 180 Mycom Group, Inc.
T. Clay Lehmann
E-mail: clehmann@mycom.com
MarketbyFax(tm) - To get the NEWS as it happens, call (604) 689-3041.
(C) 2001 Market News Publishing Inc.
-0-
KEYWORD: New York, New York
*** end of story ***
Bev9999
24 years ago
MYCOM Announces Pre-Merger Results of First Quarter and Progress in Its Reorganization
CINCINNATI--(BUSINESS WIRE)--May 24, 2001--MYCOM Group, Inc. (OTCBB:MYCO - news) completed a merger with Cincinnati-based Broughton International0 on April 17, 2001.
Part of the merger was appointment of a new management team who has been busy implementing a reorganization plan. The new management recently announced a plan to restructure debt and reorganize the company's infrastructure to enable reductions in overhead and operating cost.
MYCOM reported first quarter revenues of $1,221,000, compared with $1,377,000 in the prior year. The company posted net losses of $177,000 in the first quarter 2001 and $104,000 in the first quarter 2000. The first quarter results only reflect activity occurring prior to the April merger. Reorganization actions have already resulted in captured savings of more than $600,000 per year.
MYCOM's new CEO, Rob Bransom said, ``we have moved quickly to identify efficiencies that were created by the merger; we're implementing a reorganization plan to provide more profitable operations in the future. We have also restructured our bank credit facilities to enable the capital necessary for development of new applications and products during the second half of 2001.
Broughton expects continued growth and profitable results. One of Broughton's key software vendors is converting all their direct sales accounts to a few large resellers, including Broughton, which should result in increased volume. In addition, Broughton has experienced increased sales of security products through improved associations with two of the security software industry's largest vendors.
With MYCOM's new focus on developing applications, training, communications and technical solutions, and with the addition of marketing expertise and sales experience provided by Broughton International, we are optimistically racing forward on business development projects.``
Bev9999
24 years ago
Quarterly Report (SEC form 10-Q)
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL of Operations
General
The following discussion should be used in conjunction with the company's audited financial statements, including the footnotes for the year ended December 31, 2000 and included in Form 10-K filed with the Securities and Exchange Commission on March 30, 2001.
Description of Business
Mycom Group, Inc. ("Mycom") is principally an e-business enterprise communications and information management company providing such services as technology consulting, applications development, multimedia design and marketing,web design and training for businesses headquartered in the United States. The Company changed its name from Myca Group, Inc. to Mycom.com, Inc. on March 28, 2000, and then changed its name to Mycom Group, Inc. on August 1, 2000. The Company's principal office is located in Cincinnati, Ohio.
Three Months Ended March 31, 2001 Compared to Three Months Ended March 31, 2000
Result of Operations
Revenue declined $155,929 or 11% from $1,376,802 in 2000 to $1,220,873 in 2001. This decrease was mainly the result of a decrease in printed materials sold to customers. This trend is expected as more companies depend less on paper and more on electronic documentation and training resources.
Operating expenses declined $158,704 or 10% from $1,539709 in 2000 to $1,381,005 in 2000. This decline was mainly attributable to lower printed material costs associated with the revenue item mentioned above and cost cutting measures of administrative expenses.
Losses before provision for deferred income tax credit were comparable due to the lower operating expenses offsetting the 11% decline in revenue. The deferred income tax credit shown in 2000 was later reversed in the fourth quarter of 2000 due to uncertainty in the realization of this deferred tax benefit. The company will re-assess the potential of realizing future tax benefits in subsequent periods.
Liquidity and Capital Resources
The company improved its liquidity and capital resources on April 17, 2001 with the merger referred to in footnote 4 of this Form 10-Q. The company's credit line was increased from $600,000 to $1,000,000, and the interest rate was reduced from two percentage points over the bank's prime rate of interest to one percent over prime. In addition, the historical results of Broughton have been profitable, and management anticipates improved operating results in 2001.
The company had a working capital deficit at December 31, 2000 of $344,000, and this deficit was slightly larger at March 31, 2001 at $369,000. The company's losses from operations were funded by increased borrowings from the company's line of credit and the issuance of common shares for services rendered to consultants. These services were expensed to operations, and payment of stock was made in lieu of cash.
The company believes it has adequate capital resources to fund anticipated operations for fiscal 2001.
Bev9999
24 years ago
MYCOM Group, Inc. and Broughton International Merge For Growth
CINCINNATI--(BUSINESS WIRE)--April 16, 2001--A new growth-oriented management team and a focus on developing and marketing software, e-business, networking, communications services and training are all part of the merger of the Cincinnati-based technology companies, MYCOM Group, Inc. (OTCBB:MYCO - news) and Broughton International Enterprise & Web Solutions, which closed today.
Broughton, a privately held company, exchanged all of its stock and assets for 20 million common shares of MYCOM Group and a 4 1/2-year note for $1.3 million, including interest. Broughton will continue to operate under its current name as a wholly owned subsidiary of MYCOM Group, Inc.
In addition, the principal owners of Broughton, Rob R. Bransom and James T. Bobbitt, through a limited liability company, purchased 27 million common shares of MYCOM from its principal shareholders. After the transaction Bransom and Bobbitt now own approximately 67 percent or 47 million of the 69.7 million MYCOM shares outstanding.
Rob Bransom will serve as Chairman of the Board of Directors and Chief Executive Officer of MYCOM, and Jim Bobbitt will serve as a Director, President and Chief Operating Officer.
Bransom and Bobbitt bring more than four decades of combined experience as senior executives of large national and international businesses to MYCOM. Bransom was President and CEO of the Kendall-Futuro Co., a $134-million health-care consumer products company, and President of the Drackett Products Co., a $505 million Cincinnati-based consumer products sales company. Bobbitt was National Sales Manager and Vice President of the Drackett Co., and Executive Vice President of the Kellogg Companies.
``This is a very important day for the employees, customers and shareholders of MYCOM and Broughton International,'' Bransom said. ``Bringing these companies together achieves one of our key strategic goals. We have expanded the technology services and product development capabilities of Broughton and strengthened the business development, marketing and financial position of MYCOM.''
Bransom indicated that ``A very important element of our merger and reorganization plan addresses financial management and taking advantage of the cost controls offered by operational synergy. We are taking a number of actions to enable more effective financial performance:
Effective today, we have appointed Clay Lehmann as the new Chief Financial Officer of MYCOM Group. Clay has extensive experience in corporate finance and strategic planning for debt management. His career includes public accounting with Arthur Anderson & Co., operating in the corporate sector as Treasurer and Chief Financial Officer of the Zonic Corporation and the Commonwealth Petroleum Company, and as Vice President, General Manager and Chief Financial Officer of Astro Containers, Inc.
In addition to appointing new financial management, we are undertaking actions to eliminate over $500,000 in annual overhead costs, and immediately reducing spending on MYCOM's costly consulting contracts.
We have also restructured the company's bank debt, which includes an expanded line of bank credit with more favorable rates and refinancing of a term note.``
Addressing the growth elements of the combined companies' business plan, Jim Bobbitt said ``The new company will be able to market a wider range of technology and communications products and services to a much larger base of clients. We also now have the infrastructure, management and technical expertise to develop attractive new products and services. Rob and I are experienced in these areas and believe the combined companies offer potential for success and growth. We have already initiated software marketing programs that are intended to produce double-digit growth in the Broughton business unit during 2001. With our combined resources and new product opportunities, we believe we can also significantly improve operating results of the MYCOM business unit.''
George Young remains a director of MYCOM and will serve as Executive Vice President. Allan Massey resigned as an officer and director.
Joan Carroll and Patti Massey resigned as officers and directors of MYCOM Group, but remain President and Executive Vice President, respectively, of MYCOM Advertising. Carroll remains 51 percent owner of MYCOM Advertising, d.b.a. MYCOM Enterprises, which continues as a certified Minority Business Enterprise (MBE). MYCOM Group owns 49 percent of MYCOM Advertising.
Prior to the merger, on April 2, 2001, MYCOM filed a Form 10-KSB with the Securities and Exchange Commission containing its audited financial statements for 1999 and 2000. MYCOM Group reported net revenues of $4.3 million and a net loss of $757,602 for 2000, compared with net revenues of $4.4 million and a net loss of $88,481 for 1999. Revenues for both years were restated on a net basis to comply with the Securities and Exchange Commission's new revenue recognition guidelines. Adopting the guidelines did not affect the net profit or loss reported in either year. Information on Broughton was not a part of this Form 10-KSB.
About Broughton
Broughton was established in 1984. It markets software, hardware, consulting services and e-business systems to a base of more than 20,000 business customers throughout North America. Broughton also provides network consulting and web management services for a number of Cincinnati companies. Broughton's professional staff members hold certifications from Microsoft, Citrix and Tele-magic products, and for a number of leading help desk, security, emulation and connectivity solutions. Broughton is a value-added reseller and business partner with leading technology companies such as IBM, Citrix, McAfee and WRQ. Notable customers include Revlon, NASCAR, Mercy Health Partners and Quantum Corp. Broughton is on the web at www.broughton-int.com.
About MYCOM
MYCOM Group provides a complementary mix of technology, training and communications services for large businesses and organizations with an emphasis on solutions that are Understood, Valued and Acted Upon(TM). MYCOM was formed in 1991 to provide technical marketing and documentation services. It has added capabilities in applications development, web-enabled applications, database applications, online and classroom instructional design and training, and other services that enhance the benefits of technology investments across the enterprise. MYCOM Group is on the web at www.mycom.com.
NOTE: This MYCOM Group press release contains certain forward-looking statements within the meaning of the ``safe harbor'' provisions of the federal securities laws. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results or outcomes to differ materially from those currently anticipated. Important risks and uncertainties, among others, that could cause our actual results to differ materially from those described in these forward-looking statements include approvals from existing creditors, the strength of the U.S. economy and other factors. For additional information about Mycom Group, Inc. please refer to the Form 10-KSB report it filed with the Securities and Exchange Commission on April 2, 2001.
--------------------------------------------------------------------------------
Contact:
MYCOM Group, Inc.
Wayne Buckhout, 513/352-5560 x190
wbuckhout@mycom.com
Wise Investment
24 years ago
CINCINNATI--(BUSINESS WIRE)--March 20, 2001--MYCOM Group, Inc.
(OTCBB:MYCO) announced today that it has been retained to build a key
software component of a new supply-chain management solution.
MYCOM Group CEO George Young said MYCOM's E-Business Consulting
Group is designing the application to monitor inventories, bills of
lading, and receipts of packaging materials on behalf of warehousing
and distribution companies supporting the processed food industry.
MYCOM Group also will provide training and marketing support services
for end-users of the system on behalf of its client.
The system is expected to improve flexibility, ease of use and
reliability compared with existing systems. It is based on a unique
business model -- the third-party warehouse services providers
developed the system on behalf of their manufacturer clients, instead
of the other way around.
"This project is a major opportunity for MYCOM Group to expand
into a new industry, and an opportunity to demonstrate our ability to
provide advanced web and database technology solutions quickly and
efficiently," MYCOM Group CEO George Young said. "We look forward to
providing additional support to this important venture. It has
significant potential to generate real benefits from lower inventory
investment, reduced distribution costs, greater supply reliability and
more efficient use of warehouse facilities."
MYCOM Group, Inc. estimates that the initial phase of the project
will take a few more weeks to complete, using three analysts and
developers to roll it out to facilities that support three
manufacturing sites. In the next phase, the system could be used to
support as many as 16 locations. MYCOM Group and its client also will
pursue opportunities to use the system to support manufacturers in
other industries.
About MYCOM Group
MYCOM Group provides a complementary mix of technology, training
and communications services for large businesses and organizations
with an emphasis on solutions that are Understood, Valued and Acted
Upon(TM). MYCOM was formed in 1991 to provide technical marketing and
documentation services. It has added capabilities in applications
development, web-enabled applications, database applications, online
and classroom instructional design and training, and other services
that enhance the benefits of technology investments across the
enterprise. MYCOM Group is on the web at www.mycom.com
--30--djl/clv*
CONTACT: MYCOM Group, Inc.
Wayne Buckhout, 513/352-5560 ext. 190
wbuckhout@mycom.com
KEYWORD: OHIO
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS INTERNET
TELECOMMUNICATIONS SOFTWARE HARDWARE E-COMMERCE
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com
*** end of story ***
Bev9999
24 years ago
CINCINNATI--(BUSINESS WIRE)--Feb. 21, 2001--MYCOM Group, Inc. (OTCBB:MYCO - news) said today that it has developed a new productivity tool that allows Lotus Notes users to quickly and easily create new websites or publish existing content on corporate websites or intranets.
This template-driven tool can deliver tremendous cost savings by allowing subject experts with no programming training or experience to create all-new web content, or translate content from other applications into web format.
The tool incorporates state-of-the-art web features such as cascading menus, frame and non-frame navigation, and advanced graphic design and editing. Layout and design standards, framesets, logos, text styles and menu styles can be specified up-front before content is created.
MYCOM Group developed the tool to help companies migrate information stored in many different file formats to the web with minimal support from high-cost developers. Lotus Notes users who have reviewed demo versions of the tool endorsed its exceptional ease-of-use and flexibility.
``We believe that this tool will appeal to companies with large databases of proprietary and technical information that they want to make available to a wider audience as web content,'' MYCOM Group CEO George Young said. ``It has been designed to allow any Lotus Notes user to quickly convert and potentially place online attractive, fully functional web versions of their content.''
For example, a clerical employee in the benefits department could use the new MYCOM Group tool to publish or update current benefit plans and options on an internal website. Marketing personnel could publish up-to-date pricing and product information, allowing remote sales representatives in the field to access and retrieve the information through a secure, password-protected website using only a web browser.
Young said MYCOM Group is completing development and testing of the tool and conducting a market analysis prior to setting a launch date.
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0whammies
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