Cburg
11 years ago
Strategic and Financial highlights included:
Record quarterly and year-to-date revenue -- Total revenue growth accelerated to 21% for the third quarter, and 10% for the nine month period. "We continued to deliver record results during the quarter and our growth rate is accelerating. Subscription revenue growth is beginning to see the effect of some of our larger customers, as they move through the phases of implementation. The scale of these retailers, all of which are among the largest in the world, is an order of magnitude greater than most of our existing customers," said Randall K. Fields, Park City Group's Chairman and CEO.
Record quarterly and year-to-date profitability -- Net income was a record for both the third quarter and the nine month periods ended March 31, 2013. During the third quarter, EBITDA nearly tripled to $799,000 from $271,000 during the same period last year. "Profitability accelerated at a faster pace than revenue growth, as each dollar of incremental sales produced substantially greater than our targeted 75%+ incremental profit contribution," said Mr. Fields.
Progress with large retailers. -- The implementation of Park City Group's first drug store chain is progressing and contributed to revenue growth during the third quarter. The Company is currently in discussions to provide services to several other large retail chains.
Expanding opportunity with large retailer - The previously announced program to provide services to one of the largest retailers in the world is progressing. Park City Group and the retailer are exploring additional opportunities.
Established new industry solutions team -- The Company established a "Customer First" Industry Solutions team to work collaboratively with retailers and their suppliers to drive measureable improvements in sales and inventory management objectives.
Redeemed Series A Preferred Stock -- The Company recently completed the redemption of its Series A preferred stock, reducing preferred dividend payments by approximately $650,000 annually, or $0.04 per share.
Simplified and strengthened capital structure -- Total cash at the end of March 31, 2013 increased 597% to $4.4 million, as compared to $631,000 at March 31, 2012, and debt levels decreased by 20% to $2.3 million, versus $2.8 million at the same time last year. As of March 31, the current ratio improved by 375% to 1.5 and stockholders' equity increased to $10.3 million versus $5.3 million at March 31, 2012.
ReposiTrak(TM) gaining significant industry momentum -- The Company's food and drug safety collaboration with Leavitt Partners is receiving increased attention from large food wholesalers, retailers, and manufacturers. "Our food and drug safety initiative, ReposiTrak, has enormous economic consequences for Park City Group. ReposiTrak continues to gain traction and is well positioned to become the industry standard platform for tracking and tracing food and drugs throughout the supply chain. In addition to the direct benefits from subscription revenue and ultimate equity ownership, we expect ReposiTrak to provide access to a global base of food and drug retailers and suppliers. This greatly expands the size of our "hub and spoke" network and provides the opportunity to expose new connections to our other services," said Mr. Fields.
During the third fiscal quarter, subscription revenue increased 19% year over year to a record $2.0 million, reflecting growth in sales to new and existing customers. Combined with growth in other revenue, total revenue increased 21% to a record $3.0 million.
Total operating expenses during the quarter ended March 31, 2013 were $2.8 million, a decrease of 67,000 from the same quarter a year ago, and an increase of $117,000 sequentially from the second fiscal quarter. Net income for the third fiscal quarter ended March 31, 2013 was $209,000, or $0.02 per share, as compared to a net loss of ($353,000), or ($0.03) per share, during the prior year period. Net loss applicable to common shareholders for the third fiscal quarter was ($79,000), or ($0.01) per share, as compared to ($561,000), or ($0.05) per share during the prior year period. Non-GAAP earnings per common shareholder for the third quarter was $0.02, versus a loss per share of ($0.02) during the same period last year.
Cash
Total cash at the end of March 31, 2013 was $4.4 million as compared to $631,000 at March 31, 2012 and debt levels decreased by 20% to $2.3 million, versus $2.8 million at the same time last year. "We took actions to simplify and strengthen our balance sheet this past quarter, and as a result, we moved from a net debt position to a net cash position of $2.2 million. By redeeming our Series A preferred, we also reduced our preferred dividend payments by $650,000, or $0.04 per share, annually. That dividend has been a primary determinant of our historical GAAP loss, and will result in substantially improved GAAP performance," said Mr. Fields.
"We are gaining critical mass in the grocery store vertical by putting "customers first" and helping them to achieve our brand promise to sell more, stock less and see everything. This value proposition is clearly resonating with existing, as well as a rapidly growing list of new, large retailer and supplier customers. We are also leveraging our success with grocers, to enter into an additional retail vertical. As a result of this progress, our top and bottom lines are achieving record levels and our growth rate is accelerating. With the strong value proposition of our solutions combined with the recurring nature of subscription revenue, our business should deliver predictable and sustainable growth in revenue and earnings for the next several years," Mr. Fields concluded.
The Company will host a conference call at 4:15 P.M. Eastern today, May 9, 2013, to discuss the results. Investors and interested parties may participate in the call by dialing (877) 675-3568 and referring to Conference ID: 59525804. The conference call is also being webcast and is available via the investor relations section of the Company's website, www.parkcitygroup.com.
About Park City Group
Park City Group (NYSE MKT:PCYG) is a Software-as-a-Service ("SaaS") provider that brings unique visibility to the consumer goods supply chain, delivering actionable information that ensures product is on the shelf when the consumer expects it as well as providing food safety tracking information. The Company's services increase customers' sales and profitability while enabling lower inventory levels and ensuring regulatory compliance for both retailers and their suppliers.
Through a process known as Consumer Driven Sales Optimization(TM), Park City Group helps its customers turn information into cash and increased sales, using the largest scan based platform in the world. Scan based trading provides retail trading partners with a distinct competitive advantage through scan sales that provides store level visibility and sets the supply chain in motion. And since it is scan based, it can be used in a Direct Store Delivery (DSD) or warehouse setting.
In 2012 Park City Group worked with Leavitt Partners, an internationally-known health care and food safety consulting firm to create ReposiTrak, Inc., which provides food retailers and suppliers with a robust solution that helps them protect their brands and remain in compliance with rapidly evolving regulations in the recently passed Food Safety Modernization Act. Powered by Park City Group, this solution, also called ReposiTrak(TM), is an internet-based technology, which enables all participants in the farm-to-table supply chain to easily manage tracking and traceability requirements as products move between trading partners.
di4
15 years ago
Phantom Fireworks Expand Scan Based Trading Program to Include Additional Retail Partners
Scan Based Trading, Visibility & Analytics Solutions to Increase Visibility and Sales, Reduce Shrink
Jun 3, 2009 8:27:00 AM
Copyright Business Wire 2009
Email Story Discuss on ZenoBank
View Additional ProfilesPARK CITY, Utah--(BUSINESS WIRE)-- Today Park City Group (OTCBB: PCYG), announced that B.J. Alan, d.b.a. Phantom Fireworks, one of the nation's largest importers, retailers and wholesalers of consumer fireworks, has expanded their Scan Based Trading (SBT) program to include three new retail partners, a national mass merchandising chain, convenience store chain and Northeast grocery chain. Phantom Fireworks is a long time customer of Park City Group, utilizing both Scan Based Trading and Visibility & Analytics solutions to gain visibility into product shrink, inventory and sales. Park City Group, which provides innovative solutions and services to retailers and suppliers, recently acquired Prescient Applied Intelligence.
SBT is a process which enables suppliers to maintain ownership of their inventory until that inventory is scanned at point of sale. Park City Group's SBT has allowed Phantom Fireworks to expand retail partnerships and win new business while improving overall business results (sales and profitability) through improved visibility to, and management of, inventory including shipping costs.
Improved Visibility, Accurate Ordering
Fireworks require special shipping arrangements, which is a very costly part of a fireworks program. And with Phantom Fireworks being responsible for the return shipping costs of unsold fireworks, accurate ordering is a necessity. Before SBT, Phantom Fireworks used to calculate orders based on previous year gross sales, but with SBT they can calculate orders using previous year sales on a store-by-store and item-by-item basis. This has allowed for more tailored ordering, optimizing inventory and greatly reducing shipping costs.
"We have seen the many benefits SBT provided with our current retail partners, and expanding the program was an easy decision with these additional retail partners," stated Mike Koocher, Phantom Fireworks Director of IT. "Phantom Fireworks believes investments in technology and new creative business solutions are core to moving our business forward, and have always felt investing in Park City Group is a sound investment in growing our business."
Controlling Shrink
Phantom Fireworks has also been utilizing Park City Group Visibility & Analytics (V&A), a web based business intelligence tool, to help gain visibility to and improve their shrink with each of their retail partners. It has provided Phantom Fireworks a greater visibility into detailed shrink information at item and store level, leading to a deeper understanding of their root causes of shrink which they can then share with their retail partners. They have used this insight to reduce shrink, increase collaboration with their retailer partners and alter ordering and replenishment at the store level.
"Park City Group does not just provide business software, we provide new business process that improves profits. The continuing success B.J. Alan has seen with SBT and V&A shows that when you invest in a Park City Group solution you are investing in business solutions, but you are also gaining a partner who is committed to the long-term success and profitability of your company," commented Randall K. Fields, Chairman & CEO of Park City Group.
About Park City Group:
Park City Group is a trusted business solutions and services provider that enable retailers and suppliers to work collaboratively as strategic partners to reduce out-of-stocks, shrink, inventory and labor while improving profits, efficiencies, and customer service. Our innovative solutions provide trading partners a common platform on which they can capture, manage, analyze and share critical data, bringing greater visibility throughout the supply chain, and giving them the power to make better and more informed decisions. For more information, go to www.parkcitygroup.com.
Park City Group recently acquired Prescient Applied Intelligence, click here to read more.
Source: Park City Group
----------------------------------------------
PR Contact:
Park City Group
Courtney Behrens
610-719-1600 x332
cbehrens@prescient.com
or
IR Contact:
Bibicoff & MacInnis
Inc.
Terri MacInnis
818-379-8500
terri@bibimac.com
di4
15 years ago
Park City Group Reports Third Quarter Financial Results
Quarterly Results Exceed Guidance
May 26, 2009 8:31:00 AM
Copyright Business Wire 2009
Email Story Discuss on ZenoBank
View Additional ProfilesPARK CITY, Utah--(BUSINESS WIRE)-- Park City Group, Inc. (OTCBB: PCYG), a developer of patented, innovative retail supply chain solutions and services, today announced its financial results for the three months ended March 31, 2009. The operating results include the combined results of both Park City Group and Prescient Applied Intelligence, Inc. as a result of the completion of the merger of Prescient and Park City Group on January 13, 2009.
Third Quarter Highlights:
-- Revenue increased 118% to $2.503 million, from $1.149 million in the
comparable quarter in 2008;
-- Adjusted earnings before interest, taxes, depreciation and amortization
increased 150% to $213,000 compared to $(422,000) in 2008;
-- Integration of Prescient and Park City Group is successfully completed;
and
-- Collaborative sales and marketing efforts are yielding positive and
tangible early results
The Company reported total revenue of $2,503,115 for the fiscal quarter ended March 31, 2009, compared with $1,149,521 for the fiscal quarter ended March 31, 2008. Total revenue in the comparable quarter in 2008 included a $700,000 license sale that did not occur in the quarter ended March 31, 2009. Operating expenses for the fiscal quarter ended March 31, 2009 were $4,081,883 compared with $1,743,424 for the quarter ended March 31, 2008. Operating expenses in the most recent quarter include a $1,457,383 non-cash charge related to impairment of capitalized software acquired in connection with acquisition of Prescient, as well as approximately $75,800 in non-recurring costs incurred in connection with the consummation of the merger. Operating expenses are anticipated to substantially decline as a percentage of revenue as a result of cost reduction measures initiated during the quarter.
Adjusted for the non-recurring costs and charges incurred in connection with consummation of merger, including the impairment charge to capitalized software, consolidated earnings before interest, taxes, depreciation and amortization ("EBITDA"), increased approximately 150% to $213,000 in the quarter ended March 31, 2009 compared with consolidated EBITDA of $(422,000) in 2008. Including the impairment charge to capitalized software, and interest, taxes, depreciation and amortization, net loss for the quarter ended March 31, 2009 was $2,035,944, or $(0.21) per common share, compared with a net loss of $289,610 in the quarter ended March 31, 2008, or $(0.03) per common share.
"The combined results from Park City and Prescient reported in the recently completed quarter are solid indicators that the anticipated benefits resulting from the consummation of the merger have been achieved. The financial results actually exceeded our guidance provided in our last quarterly conference call, and are a positive reflection of our ability to successfully integrate the operations," said Randall K. Fields, Park City Group's Chairman and CEO. "The early results from our collaborative sales and marketing efforts, together with the operational efficiencies gained during the quarter, position the combined company to further increase sales and realize our objective of achieving profitability."
EBITDA is calculated as net income before deducting interest, taxes, depreciation and amortization. Although EBITDA is not a measure of actual cash flow because it does not consider changes in assets and liabilities that may impact cash balances, the Company's management reviews these non-GAAP financial measures internally to evaluate the Company's performance and manage the operations. Additionally, the Company believes it is a useful metric to evaluate operating performance and has therefore included such measures in the reporting of operating results.
Conference Call
The Company will host a conference call Tuesday, May 26, 2009 at 4:30 P.M. EDT to discuss third quarter 2009 financial results.
Shareholders and other interested parties may participate in the conference call by dialing 877-407-9205 or (International) 201-689-8054 a few minutes before 4:30 P.M. EDT on the 26th. The call is being webcast by Vcall and can be accessed at www.InvestorCalendar.com.
The webcast will be available for replay through August 25th, 2009. A replay of the conference call will be accessible until June 25th, 2009 by dialing 877-660-6853 and entering the Account # 286 and the Conference ID # 323866.
About Park City Group
Park City Group is a trusted business solutions and services provider that enables retailers and suppliers to work collaboratively as strategic partners to reduce out-of-stocks, shrink, inventory and labor while improving profits, efficiencies and customer service. Our innovative solutions provide trading partners a common platform on which they can capture, manage, analyze and share critical data, bringing greater visibility throughout the supply chain, and giving them the power to make better and more informed decisions. For more information, go to www.parkcitygroup.com.
Park City Group recently acquired Prescient Applied Intelligence, click here to read more.
Forward-Looking Statement
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "if", "should" and "will" and similar expressions as they relate to Park City Group, Inc. ("Park City Group") are intended to identify such forward-looking statements. Park City Group may from time to time update these publicly announced projections, but it is not obligated to do so. Any projections of future results of operations should not be construed in any manner as a guarantee that such results will in fact occur. These projections are subject to change and could differ materially from final reported results. For a discussion of such risks and uncertainties, see "Risk Factors" in Park City's annual report on Form 10-KSB for the fiscal year ended June 30, 2008, its quarterly report on Form 10-Q for the quarter ended March 31, 2009, and its other reports filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.
PARK CITY GROUP, INC.
Consolidated Condensed Statements of Operations (Unaudited)
For the Three and Nine Months Ended March 31, 2009 and 2008
Three Months Ended Nine Months Ended
March 31, 2009 March 31, 2009
Park City
Group, Inc. &
Subs
(Unaudited)
Revenues:
Subscriptions $ 1,372,127 $ 36,750 $ 1,509,397 $ 156,694
Maintenance 676,176 378,470 1,264,494 1,138,978
Professional 281,114 26,366 492,066 231,606
services
License fees 173,698 707,935 221,498 971,004
Total 2,503,115 1,149,521 3,487,455 2,498,282
revenues
Operating
expenses:
Cost of
services and 1,293,332 618,380 2,329,098 1,779,530
product
support
Sales and 445,677 467,284 978,681 1,469,130
marketing
General and 646,994 522,312 1,570,836 1,726,381
administrative
Impairment of
intangible 1,457,383 - 1,457,383 -
assets
Depreciation
and 238,497 135,448 511,738 369,991
amortization
Total
operating 4,081,883 1,743,424 6,847,736 5,345,032
expenses
Income (Loss)
from (1,578,768 ) (593,903 ) (3,360,281 ) (2,846,750 )
operations
Other income
(expense):
Income from
patent - 400,000 - 600,000
activities
Loss on equity
method - - (162,796 ) -
investment
Loss on
disposal of (295 ) 100 (295 )
assets
Interest
(expense) (257,068 ) 2,876 (337,001 ) 39,930
income
Loss before (1,835,836 ) (191,322 ) (3,859,978 ) (2,207,115 )
income taxes
(Provision)
benefit for - - - -
income taxes
Net (loss) $ (1,835,836 ) $ (191,322 ) $ (3,859,978 ) $ (2,207,115 )
income
Dividends on
preferred $ (200,108 ) $ (98,288 ) $ (528,182 ) $ (255,414 )
stock
Net loss
applicable to (2,035,944 ) $ (289,610 ) $ (4,388,160 ) $ (2,462,529 )
common
shareholders
Weighted
average 9,872,000 9,209,000 9,534,000 9,128,000
shares, basic
Basic (loss)
income per $ (0.21 ) $ (0.03 ) $ (0.46 ) $ (0.27 )
share
Three Months Ended Nine Months Ended
(In 000's) March 31, March 31,
Unaudited
Statement of FY 2009 FY 2008 FY 2009 FY 2008
Operations
Net loss
applicable to $ (2,036 ) $ (290 ) $ (4,388 ) $ (2,463 )
common
shareholders
Non-GAAP
Adjustments:
Impairment of
capitalized $ 1,457 $ - $ $ 1,457 $ -
software
Impairment of - - - -
goodwill
Depreciation
and 238 135 512 370
amortization
Bad debt - 18 81 75
expense
Stock issued
for services 20 18 76 75
and expenses
Income from
patent - (400 ) - (600 )
activities
Gain (loss) on
equity method - - 163 -
investment
Interest
income 257 (3 ) 337 (40 )
(expense)
Dividends on
preferred 200 98 528 255
stock
(b)
Acquisition 76 - 210 -
related costs
Adjusted
Non-GAAP $ 213 $ (422 ) $ (1,024 ) $ (2,327 )
EBITDA
Three Months Ended Nine Months Ended
(In 000's) March 31, March 31,
Unaudited
pro-forma
combined FY 2009 FY 2008 FY 2009 FY 2008
condensed
Statement of
Operations
Net loss
applicable to $ (2,036 ) $ (535 ) $ (6,916 ) $ (3,588 )
common
shareholders
Non-GAAP
Adjustments:
Impairment of
capitalized $ 1,457 $ - $ 1,457 $ -
software
Impairment of - - 2,370 -
goodwill
Depreciation
and 238 135 755 728
amortization
Bad debt - 18 102 90
expense
Stock issued
for services 20 18 71 142
and expenses
Income from
patent - (400 ) - 600
activities
Interest
income 257 (3 ) 415 (130 )
(expense)
Provision for - - 23 38
income taxes
Dividends on
preferred 200 98 1,537 1,961
stock
(b)
Acquisition 76 - 210 -
related costs
(a) Adjusted
Pro Forma $ 213 $ (668 ) $ 24 $ (160 )
EBITDA
(a) The unaudited pro-forma results of operations for the three and nine months ended
March 31, 2009 and 2008 include the operating results of Prescient, and assumes
Prescient had been acquired as of July 1, 2007.
(b) Acquisition related costs are certain costs that were incurred during the period
that were not capitalized. These costs include travel costs, rents incurred on vacant
corporate facilities, training and costs to rebrand the combined Company.
Source: Park City Group, Inc.
----------------------------------------------
PR Contact:
Park City Group
Courtney Behrens
610-719-1600 x332
cbehrens@prescient.com
or
IR Contact:
Bibicoff & MacInnis
Inc.
Terri MacInnis
818-379-8500
terri@bibimac.com
alien42
17 years ago
last weeks 6-22 8k filing for the private placement lists the following 100 accredited investors:
6/20/2007
50,000
$500,000.00
Hillson Partners LP
/s/ Daniel H Abramowitz
Daniel H Abramowitz, President of GP
6/22/2007
40,000
$400,000.00
Meadowbrook Opportunity Fund LLC
/s/ Michael Ragins
Michael Ragin, Manager
6/11/2007
30,000
$300,000.00
London Family Trust
/s/ Robert S London
Robert S London
/s/ Heath H London
Heath H London
6/5/2007
25,000
$250,000.00
Robert W Allen & Susan M Allen JTWROS
/s/ Robert W Allen
Robert W Allen
/s/ Susan M Allen
Susan M Allen
6/20/2007
25,000
$250,000.00
Neal Goldman
/s/ Neal Goldman
Neal Goldman
6/8/2007
25,000
$250,000.00
E H Arnold
/s/ Edward H Arnold
Edward H Arnold
6/6/2007
25,000
$250,000.00
Michael N Taglich
/s/ Michael N Taglich
Michael N Taglich
6/7/2007
25,000
$250,000.00
Robert F Taglich
/s/ Robert F Taglich
Robert F Taglich
6/13/2007
20,000
$200,000.00
Shadow Capital LLC Attn B Kent Garlinghouse
/s/ B Kent Garlinghouse
B Kent Garlinghouse, Manager
6/1/2007
20,000
$200,000.00
John R Bertsch Trust Dtd 12/4/2004 John R Bertsch Trustee
/s/ John R Bertsch
John R Bertsch, Trustee
6/19/2007
15,000
$150,000.00
Sara Bower Penn TTEE Sara Bower Penn Living Trust Dtd 4/30/02
/s/ Sara J Penn
Sara J Penn, Trustee
6/4/2007
15,000
$150,000.00
Dennis Fortin
/s/ Dennis Fortin
Dennis Fortin
6/19/2007
12,500
$125,000.00
Susan Thorstenn & Magnus Thorstenn JTWROS
/s/ Magnus G Thorstenn
Magnus G Thorstenn
/s/ Susan E Thorstenn
Susan E Thorstenn
6/15/2007
10,500
$105,000.00
Paul Seid
/s/ Paul Seid
Paul Seid
6/21/2007
10,000
$100,000.00
John L Palazzola
/s/ John L Palazzola
John L Palazzola
6/21/2007
10,000
$100,000.00
Videotape Products, Inc
/s/ John L Palazzola
John L Palazzola, President
6/12/2007
10,000
$100,000.00
Clyde Berg
/s/ Clyde Berg
Clyde Berg
6/19/2007
10,000
$100,000.00
Lighthouse Capital LLC
/s/ Lloyd B Emberg
Lloyd B Emberg, Managing Member
6/20/2007
10,000
$100,000.00
Hillson Private Partners II, LLLP
/s/ Daniel H Abramowitz
Daniel H Abramowitz, President of GP
6/21/2007
7,500
$75,000.00
Sandra L Brecher
/s/ Sandra L Brecher
Sandra L Brecher
6/5/2007
6,500
$65,000.00
William C Steele TTEE William C Steele Living Trust UAD 5-11-98
/s/ William C Steele
William C Steele
6/18/2007
6,000
$60,000.00
Keith Becker
/s/ Keith Becker
Keith Becker
6/20/2007
6,000
$60,000.00
Glenn Schabel
/s/ Glenn Schabel
Glenn Schabel
6/7/2007
5,600
$56,000.00
Alvin R Bonnette Rev Trust U A Dtd 1/31/85 Alvin R Bonnette Trustee
/s/ Alvin R Bonnette
Alvin R Bonnette, Trustee
6/7/2007
5,000
$50,000.00
Thomas J Bean
/s/ Thomas J Bean
Thomas J Bean
6/7/2007
5,000
$50,000.00
Robert G Moussa
/s/ Robert G Moussa
Robert G Moussa
6/7/2007
5,000
$50,000.00
Biscayne National Corp
/s/ Milton J Wallace
Milton J Wallace, President
6/13/2007
5,000
$50,000.00
Albert Esposito & Margaret Esposito JTWROS
/s/ Albert J Esposito
Albert J Esposito
/s/ Margaret Esposito
Margaret Esposito
6/18/2007
5,000
$50,000.00
William P Kaiser
/s/ William P Kaiser
William P Kaiser
6/15/2007
5,000
$50,000.00
Peder G Larsen and Margaret S Larsen JTWROS
/s/ Margaret S Larsen
Margaret S Larsen
/s/ Peder G Larsen
Peder G Larsen
6/19/2007
5,000
$50,000.00
Mike Taglich POA Tag/Kent Partnership F/B/O Garlinghouse/M Taglich B Taglich
/s/ Michael Taglich
Michael Taglich
6/19/2007
4,200
$42,000.00
John P Junge & Sue H Junge TTEE FBO Junge Revocable Trust UAD 12-9-91
/s/ John P Junge
John P Junge, Trustee
6/10/2007
4,200
$42,000.00
RFS Trust U/A/D 12/30/96 Richard F Sherman TTEE
/s/ Richard F Sherman
Richard F Sherman
6/11/2007
4,000
$40,000.00
Richard A Kraemer Trust U A/D 12/12/96 Richard A Kraemer TTEE
/s/ Richard A Kraemer
Richard A Kraemer, Trustee
6/13/2007
4,000
$40,000.00
David L Allen
/s/ David L Allen
David L Allen
6/17/2007
4,000
$40,000.00
Robert W Allen Jr
/s/ Robert W Allen Jr
Robert W Allen Jr
6/5/2007
3,000
$30,000.00
Mark Ravich
/s/ Mark Ravich
Mark Ravich
6/11/2007
3,000
$30,000.00
Frank M Durrance
/s/ Frank M Durrance
Frank M Durrance
6/13/2007
3,000
$30,000.00
Kenneth Bodenstein TR Kenneth Bodenstein TTEE Dtd 7/30/84
/s/ Kenneth A Bodenstein
Kenneth A Bodenstein, Trustee
5/12/2007
3,000
$30,000.00
Brian F Leonard and Martha E Leonard JT TEN WROS
/s/ Brian F Leonard
Brian F Leonard
/s/ Martha E Leonard
Martha E Leonard
6/19/2007
3,000
$30,000.00
Mark C Ladendorf & Debra Ladendorf JTWROS
/s/ Mark C Ladendorf
Mark C Ladendorf
/s/ Debra L Ladendorf
Debra L Ladendorf
6/5/2007
3,000
$30,000.00
B Roy Smith & Joyce L Smith JTWROS
/s/ Roy Smith
Roy Smith
/s/ Joyce Smith
Joyce Smith
6/22/2007
2,800
$28,000.00
Arthur H Finnel
/s/ Arthur H Finnel
Arthur H Finnel
6/21/2007
2,800
$28,000.00
Harvey Bibicoff and Jacqueline Bibicoff Trustees of the Bibicoff Family Trust Dtd May 16, 2000
/s/ Harvey Bibicoff
Harvey Bibicoff, Trustee
6/1/2007
2,800
$28,000.00
Michael P Hagerty
/s/ Michael P Hagerty
Michael P Hagerty
6/5/2007
2,800
$28,000.00
Robert Whitfield Donegan
/s/ Robert W Donegan
Robert W Donegan
6/14/2007
2,800
$28,000.00
Stephen Friedland and Linda Friedland JTWROS
/s/ Stephen Friedland
Stephen Friedland
/s/ Linda Friedland
Linda Friedland
6/20/2007
2,800
$28,000.00
James B Deutsch & Deborah M Deutsch JTWROS
/s/ James B Deutsch
James B Deutsch
/s/ Deborah M Deutsch
Deborah M Deutsch
6/5/2007
2,800
$28,000.00
Donald McCulloch & Jacqueline McCulloch JTWROS
/s/ Donald McCulloch
Donald McCulloch
/s/ Jacqueline McCulloch
Jacqueline McCulloch
6/4/2007
2,500
$25,000.00
Raymond M Beebe & Joan D Beebe JTWROS
/s/ Raymond M Beebe
Raymond M Beebe
/s/ Joan P Beebe
Joan P Beebe
6/14/2007
2,500
$25,000.00
Albert C Esposito Brooke Crowley Esposito JT TEN
/s/ Albert C Esposito
Albert C Esposito
/s/ Brooke V Crowley
Brooke V Crowley
6/14/2007
2,500
$25,000.00
Dr Baldev S Brar & Dr Gurmukh K Brar JT TENWROS
/s/ Baldev S Brar
Baldev S Brar
/s/ Gurmukh K Brar
Gurmukh K Brar
6/21/2007
2,500
$25,000.00
Robert G Paul
/s/ Robert G Paul
Robert G Paul
6/4/2007
2,500
$25,000.00
Applebaun Family LTD Partners Irving Applebaum General Ptnr
/s/ Irvine Applebaum
Irvine Applebaum, General Partner
6/11/2007
2,100
$21,000.00
IRA FBO Russel J Bernier Pershing LLC as Custodian Rollover Account
/s/ Russell J Bernier
Russell J Bernier
6/5/2007
2,000
$20,000.00
Lawrence Kane
/s/ Larry Kane
Larry Kane
6/8/2007
2,000
$20,000.00
SEP FBO John Stevens Pershing LLC as Custodian
/s/ John Stevens
John Stevens
6/11/2007
2,000
$20,000.00
T Mark Sledge
/s/ T Mark Sledge
T Mark Sledge
6/12/2007
2,000
$20,000.00
William Kehl
/s/ William W Kehl
William W Kehl
6/5/2007
2,000
$20,000.00
Angus Bruce Lauralee Bruce
/s/ Angus Bruce
Angus Bruce
/s/ Lauralee Bruce
Lauralee Bruce
6/8/2007
1,500
$15,000.00
SEP FBO Ronald C Hintz Pershing LLC as Custodian
/s/ Ronald C Hintz
Ronald C Hintz
6/8/2007
1,500
$15,000.00
IRA FBO Arthur Resnikoff Pershing LLC as Custodian Rollover Account
/s/ Arthur Resnikoff
Arthur Resnikoff
6/5/2007
1,400
$14,000.00
Jeffrey L Sadar & Barbara A Sadar JTWROS
/s/ Jeffrey L Sadar
Barbara A Sadar
/s/ Barbara A Sadar
6/6/2007
1,400
$14,000.00
Terry E Hagen and Dawn R Hagen as JTWROS
/s/ Terry E Hagen
Terry E Hagen
/s/ Dawn R Hagen
Dawn R Hagen
6/5/2007
1,400
$14,000.00
Tad Wilson
/s/ Tad Wilson
Tad Wilson
6/14/2007
1,400
$14,000.00
Robert B Cashion
/s/ Robert B Cashion
Robert B Cashion
6/18/2007
1,400
$14,000.00
John W Crow
/s/ John W Crow
John W Crow
6/16/2007
1,400
$14,000.00
Wulf Paulick & Renate Paulick JTWROS
/s/ Wulf Paulick
Wulf Paulick
/s/ Renate Paulick
Renate Paulick
6/15/2007
1,400
$14,000.00
Steve Redmon & Brenda Redmon JT TEN WROS
/s/ Steve Redmon
Steve Redmon
/s/ Breda Redmon
Breda Redmon
6/19/2007
1,400
$14,000.00
Kenneth J Feroldi Nancy J Feroldi JTWROS
/s/ Nancy J Feroldi
Nancy J Feroldi
/s/ Kenneth J Feroldi
Kenneth J Feroldi
6/19/2007
1,400
$14,000.00
IRA FBO Angel Rosario Pershing LLC as Custodian Rollover Account
/s/ Angel Rosario
Angel Rosario
6/19/2007
1,400
$14,000.00
David J Larkworthy TOD Dtd 1/20/06
/s/ David Larkworthy
David Larkworthy
6/20/2007
1,400
$14,000.00
Samuel L Box & Lisa Marsh Box JT TEN WROS
/s/ Samuel L Box
Samuel L Box
/s/ Lisa M Box
Lisa M Box
6/18/2007
1,400
$14,000.00
Elliot D Cohen & Bonnie S Cohen JTWROS
/s/ Elliot D Cohen
Elliot D Cohen
/s/ Bonnie S Cohen
Bonnie S Cohen
6/19/2007
1,400
$14,000.00
Peter S Gold
/s/ Peter S Gold
Peter S Gold
6/21/2007
1,400
$14,000.00
Ronald Courey
/s/ Ronald Courey
Ronald Courey
6/5/2007
1,200
$12,000.00
Paul Berko
/s/ Paul Berko
Paul Berko
6/22/2007
1,000
$10,000.00
David G Linville
/s/ David G Linville
David G Linville
6/15/2007
1,000
$10,000.00
Joseph F Domenice
/s/ Joseph F Domenice
Joseph F Domenice
6/5/2007
1,000
$10,000.00
Darrell Frost
/s/ Darrell Frost
Darrell Frost
6/5/2007
1,000
$10,000.00
Charles M Thompson
/s/ Charles M Thompson
Charles M Thompson
6/7/2007
1,000
$10,000.00
Dr Richard V Nuttall & Annetta Mets Nuttall JTWROS
/s/ Richard V Nuttall
Richard V Nuttall
/s/ Annetta Mets Nuttall
Annetta Mets Nuttall
6/12/2007
1,000
$10,000.00
Barbara Susca
/s/ Barbara Susca
Barbara Susca
6/15/2007
1,000
$10,000.00
Walter E Beisler
/s/ Walter E Beisler
Walter E Beisler
6/15/2007
1,000
$10,000.00
Michael L Smith & Larry E Smith JT TEN WROS
/s/ Michael L Smith
Michael L Smith
/s/ Larry E Smith
Larry E Smith
6/12/2007
1,000
$10,000.00
Joseph Martha
/s/ Joseph A Martha
Joseph A Martha
6/8/2007
1,000
$10,000.00
Bart & Wendy Baker JTWROS
/s/ Bart Baker
Bart Baker
/s/ Wendy Baker
Wendy Baker
6/16/2007
1,000
$10,000.00
Mark Bourque
/s/ Mark S Bourque
Mark S Bourque
6/13/2007
1,000
$10,000.00
Tom C Mina
/s/ Thomas C Mina
Thomas C Mina
6/15/2007
1,000
$10,000.00
Ann B Oldfather
/s/ Ann B Oldfather
Ann B Oldfather
6/15/2007
1,000
$10,000.00
Ronald D Cowan
/s/ Ronald D Cowan
Ronald D Cowan
6/15/2007
1,000
$10,000.00
Powell Family Limited Partners C/O Ron Powell
/s/ Ron Powell
Ron Powell, General Partner
6/15/2007
1,000
$10,000.00
John J Resich Jr TTEE John J Resich Jr RET Trust
/s/ John J Resich
John J Resich
6/17/2007
1,000
$10,000.00
Mary M Schnurer
/s/ Mary M Schnurer
Mary M Schnurer
6/19/2007
1,000
$10,000.00
Stephen C Radocchia
/s/ Stephen Radocchia
Stephen Radocchia
6/19/2007
1,000
$10,000.00
John Faure
/s/ John P Faure
John P Faure
6/19/2007
1,000
$10,000.00
Thomas R Jennett & Jodi K Jennett JT TEN WROS
/s/ Thomas R Jennett
Thomas R Jennett
/s/ Jodi K Jennett
Jodi K Jennett
6/21/2007
1,000
$10,000.00
Mavin J Loutsenhizer
/s/ Marvin J Loutsenhizer
Mavin J Loutsenhizer
6/4/2007
1,000
$10,000.00
Valdemar Skov
/s/ Valdemar A Skov
Valdemar A Skov
6/1/2007
1,000
$10,000.00
Peter Carroll & Maureen Carroll JT/WROS