hier ist mein nächster Kandidat

anfangen werde ich mit dem letzten Q-Bericht vom 17-11-09

Quelle:http://www.pinksheets.com/pink/quote/quote.jsp?symbol=cvns

Conversion Services International Reports Net Income of $1.3 Million for the September 2009 Quarter

EAST HANOVER, N.J., Nov 17, 2009 /PRNewswire-FirstCall via COMTEX/ -- Conversion Services International, Inc. (CSI, OTC Bulletin Board: CVNS), a premier professional services firm focused on delivering business intelligence and business process optimization solutions to Global 2000 organizations and other businesses, has announced its financial results for the three and nine months ended September 30, 2009.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060421/NYF015LOGO)

Conversion Services International, Inc., ("CSI") reported its net income for the three months ended September 30, 2009 of $1.3 million. Net income attributable to common stockholders was $1.2 million, or $0.01 per share. In the third quarter of 2008, the Company reported a net loss of $4.2 million and a loss of $4.4 million, or $0.04 per share, attributable to common stockholders.

Revenues for the third quarter of 2009 were $8.1 million, representing an increase of $3.1 million, or 61.7%, from $5.0 million reported in the same period a year ago. Gross profit for the current quarter of $2.9 million, or 36.6% of revenues, increased by $1.6 million as compared to gross profit of $1.3 million, or 25.7% of revenues for the three months ended September 30, 2008.

For the nine months ended September 30, 2009, revenues were $17.7 million, which represents a $3.4 million, or 23.8%, increase from $14.3 million in the comparable prior year period. Gross profit for the nine months year-to-date in the current year of $4.7 million, or 26.3% of revenues, increased by $1.4 million as compared to gross profit of $3.3 million, or 23.2% of revenues, during the prior year period.

CSI reported a net loss for the nine month period ended September 30, 2009 of $0.4 million and a loss of $0.9 million, or $0.01 per share, attributable to common stockholders. For the nine month period ended September 30, 2008, the Company reported a net loss of $8.4 million and a loss of $8.9 million, or $0.08 per share, attributable to common stockholders. On a fully diluted, per share basis, the loss in the first nine months of 2009 was $0.01 per share versus a loss of $0.08 per share for the same period in 2008.

Lori Cohen, president and chief executive officer of CSI, stated, "We have focused our efforts in 2009 on generating more profitable business, and reducing or eliminating low margin business, which is illustrated by the 3.1% point increase in our gross profit percentage for the nine month period ended September 30, 2009, as compared to the prior year period. Our improved financial results in 2009 have allowed us to strengthen our company by reducing our debt and improving our balance sheet. Although we are pleased with our results so far this year, we must strive to maintain this positive trend and our efforts to continue to be profitable, further strengthen our balance sheet and, importantly, increase shareholder value."

About Conversion Services International, Inc.

Conversion Services International, Inc. (CSI, OTC Bulletin Board: CVNS) is a leading provider of professional services focusing on strategic consulting, data warehousing, business intelligence, business process reengineering, as well as integration and information technology management solutions. CSI offers an array of products and services to help companies define, develop, and implement the warehousing and strategic use of both enterprise-wide and specific categories of strategic data. CSI's customers include ADP, AmerisourceBergen Specialty Group, Coach, Commerzbank, Goldman Sachs, Liberty Mutual, Merck, Morgan Stanley, National Medical Digital Archive, Nikon USA and Pfizer. Information about CSI can be found on the web at http://www.csiwhq.com or by calling its corporate headquarters at 888-CSI-5036.

Note on Forward-Looking Statements

Except for the historical information contained herein, this press release contains, among other things, certain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Such statements may include, without limitation, statements with respect to CSI's plans, objectives, expectations and intentions and other statements identified by words such as "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans" or similar expressions. These statements are based upon the current beliefs and expectations of CSI's management and are subject to significant risks and uncertainties, including the ability of CSI to be in compliance with all applicable American Stock Exchange continued listing requirements, the ability to maintain revenue growth, the ability to locate and acquire other businesses and to successfully integrate such acquisitions, the ability to decrease operating expenses, and those detailed in CSI's filings with the Securities and Exchange Commission. Actual results may differ from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond CSI's control). CSI undertakes no obligation to update publicly any forward-looking statements.



   Investor Relations:
   Conversion Services International, Inc.
   973-560-9400
   investorrelations@csiwhq.com

   Media Contact:
   Tracee Lee Beebe
   Marketing & Communications
   Conversion Services International, Inc.
   973-560-9400
   tbeebe@csiwhq.com

Financial Tables to Follow



                   CONVERSION SERVICES INTERNATIONAL, INC.
                               AND SUBSIDIARIES
                    CONDENSED CONSOLIDATED BALANCE SHEETS
                                 (Unaudited)
                                               September 30,   December 31,
                                                    2009           2008
                                               -------------   ------------
   ASSETS
   CURRENT ASSETS
     Cash                                          $31,473       $338,240
     Accounts receivable, net                    4,661,597      3,440,810
     Accounts receivable from related
      parties, net                                 398,542        284,028
     Prepaid expenses                               87,042        140,493
                                                    ------        -------
         TOTAL CURRENT ASSETS                    5,178,654      4,203,571
                                                 ---------      ---------

   PROPERTY AND EQUIPMENT, at cost, net             41,880         68,536

   OTHER ASSETS                                    116,473        306,778

                                                ----------     ----------
         Total Assets                           $5,337,007     $4,578,885
                                                ==========     ==========

   LIABILITIES AND STOCKHOLDERS' DEFICIT
   CURRENT LIABILITIES
     Line of credit                             $3,075,964     $2,349,920
     Short term notes payable                      600,000      1,384,811
     Accounts payable and accrued expenses       2,049,946      1,503,145
     Deferred revenue                              272,236        159,177
     Related party note payable                    109,113        102,796
                                                   -------        -------
         TOTAL CURRENT LIABILITIES               6,107,259      5,499,849

   Long-term debt, net of current portion          500,000              -
                                                   -------            ---
       Total liabilities                         6,607,259      5,499,849
                                                 ---------      ---------

   Convertible preferred stock, $0.001 par
    value, $100 stated value, 20,000,000
    shares authorized

     Series A convertible preferred stock,
      19,000 shares issued and outstanding
      at September 30, 2009 and December 31,
      2008, respectively                         1,393,332      1,108,332

   COMMITMENTS AND CONTINGENCIES                         -              -

   STOCKHOLDERS' DEFICIT
     Common stock, $0.001 par value,
      300,000,000 shares authorized;
       121,072,124 and 119,594,463 issued
       and outstanding at September 30,
       2009 and December 31, 2008,
       respectively                                121,072        119,594
     Series B convertible preferred stock,
      20,000 shares issued and outstanding
      at September 30, 2009 and December 31,
      2008, respectively                         1,352,883      1,352,883
     Additional paid in capital                 68,381,656     68,575,918
     Treasury stock, at cost, 1,145,382
      shares in treasury as of September 30,
      2009 and December 31, 2008,
      respectively                                (423,869)      (423,869)
     Accumulated deficit                       (72,095,326)   (71,653,822)
                                               -----------    -----------
         Total Stockholders' Deficit            (2,663,584)    (2,029,296)
                                                ----------     ----------

         Total Liabilities and Stockholders'
          Deficit                               $5,337,007     $4,578,885
                                                ==========     ==========


                   CONVERSION SERVICES INTERNATIONAL, INC.
                               AND SUBSIDIARIES
               CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
              FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30,
                                 (Unaudited)

                         For the three months       For the nine months
                          ended September 30,       ended September 30,
                        -----------------------  ------------------------
                           2009         2008         2009         2008
                        ----------   ----------  -----------  -----------

   REVENUE:
     Services           $7,011,285   $4,235,803  $15,184,707  $11,935,127
     Related party
      services             531,142      527,272    1,567,211    1,741,596
     Reimbursable
      expenses             410,470      186,158      855,427      498,407
     Other                 108,345       37,540      126,905      152,238
                           -------       ------      -------      -------
                         8,061,242    4,986,773   17,734,250   14,327,368
   COST OF REVENUE:
     Services            4,214,161    2,980,122   10,692,230    8,758,582
     Related party
      services             465,555      505,805    1,408,607    1,631,099
     Consultant
      expenses             434,546      219,158      961,518      618,985
                           -------      -------      -------      -------
                         5,114,262    3,705,085   13,062,355   11,008,666
                         ---------    ---------   ----------   ----------
   GROSS PROFIT          2,946,980    1,281,688    4,671,895    3,318,702
                         ---------    ---------    ---------    ---------

   OPERATING EXPENSES
     Selling and
      marketing            728,847      898,149    2,287,269    2,587,481
     General and
      administrative       724,337      936,650    1,977,774    3,045,078
     Goodwill
      impairment                 -    3,255,879            -    4,636,266
     Depreciation and
      amortization          25,108       62,405       81,512      224,074
                            ------       ------       ------      -------
                         1,478,292    5,153,083    4,346,555   10,492,899
                         ---------    ---------    ---------   ----------
   INCOME (LOSS) FROM
    OPERATIONS           1,468,688   (3,871,395)     325,340   (7,174,197)
                         ---------   ----------      -------   ----------

   OTHER INCOME (EXPENSE)
      Equity in (losses)
       earnings from
       investments               -         (110)    (103,298)      12,876
      Loss on
       extinguishment of
       debt                      -            -            -     (553,846)
      Interest income
       (expense), net     (176,070)    (340,267)    (663,546)    (682,447)
                          --------     --------     --------     --------
                          (176,070)    (340,377)    (766,844)  (1,223,417)
                          --------     --------     --------   ----------
   INCOME (LOSS) BEFORE
    INCOME TAXES         1,292,618   (4,211,772)    (441,504)  (8,397,614)
   INCOME TAXES                  -            -            -            -

                         ---------   ----------     --------   ----------
   NET INCOME (LOSS)     1,292,618   (4,211,772)    (441,504)  (8,397,614)
   Accretion of
    issuance costs
    associated with
    convertible
    preferred stock        (95,000)     (95,000)    (285,000)    (285,000)
   Dividends on
    convertible
    preferred stock        (45,000)     (54,078)    (135,000)    (167,779)
                           -------      -------     --------     --------
   NET INCOME (LOSS)
    ATTRIBUTABLE TO
    COMMON
    STOCKHOLDERS        $1,152,618  $(4,360,850)   $(861,504) $(8,850,393)
                        ==========  ===========    =========  ===========

   Earnings per share:
     Basic                   $0.01       $(0.04)      $(0.01)      $(0.08)
     Diluted                 $0.01       $(0.04)      $(0.01)      $(0.08)

   Shares used in
    calculation of
    earnings per
    share:
     Basic             119,895,174  117,909,029  119,813,903  114,348,981
     Diluted           133,651,512  117,909,029  119,813,903  114,348,981


SOURCE Conversion Services International, Inc.


URL:              http://www.csiwhq.com
www.prnewswire.com
Copyright (C) 2009 PR Newswire. All rights reserved
-0-

KEYWORD:          New Jersey
INDUSTRY KEYWORD: FIN
                 PUB
                 CPR
SUBJECT CODE:     ERN
                 OTC


Hummel

Home: http://www.csiwhq.com/

starke Partner an Bord:

http://www.csiwhq.com/About_CSI/partners.aspx


Hummel

Common stock, $0.001 par value,

300,000,000 shares authorized

21,072,124 and 119,594,463 issued and outstanding at September 30,  2009


Hummel  

eine Comp. die im letzten Quartal endlich die Gewinnzone erreichte - 0,01$ je Aktie - aktueller Kurs 0,025$.

Es ist eine Spekulation auf eine nachhaltige Trendwende und das Vertrauen was die Geschäftsführer in Ihre eigene Firma haben.

Insiderkäufe und Optionen wurden im Bereich von 0,04-0,07$ getätigt.

Quelle:http://www.pinksheets.com/pink/quote/quote.jsp?symbol=cvns - unter Insider zu finden

Der Handel selbst ist äusserst gering und daher immer limitiert in USA ordern

schaut Euch das mal an - evtl. auch interessant für Euch :-)

Gruß,

Hummel

Conversion Services International,
Vermögen
Cash ca 35000
Kredite von ca 3,0Mio die mit enthalten sind in der Summe
der Verbindlichkeiten von ca 6,1Mio
Wertminderung oder Abschreibung von ca 3,5Mio
Es wurde eine Wandelanleihe ausgegeben 20.000.000St
Eigenkapital 68,3Mio
Es wurden 121,072,124 und 119,594,463 Aktien ausgegeben
Operativ
Umsatz von ca 7,5Mio
Kredit und Zinskosten ca 0,85Mio
Gewinn ca 1,2Mio

Was daran auffällt sind die hohen Kredite in Höhe des halben Umsatzes und sehr hohe Abschreibungen.
Es wurde eine Wandelanleihe ausgegeben, momentane kosten pro Jahr 0,5Mio, der größere Teil des Zinsaufkommens, die Konditionen bei Fälligkeit wären interessant.
Die Höhe der Barmittel ist im Verhältnis zum Umsatz beinahe vernachlässigbar gering, obwohl keine Investitonen getätigt wurden, also geringe Liqidität. Von der Hand in den Mund.
Die Höhe des Eigenkapitales bzw der Vermögenswerte wird mit sehr hohen ca 68Mio angegeben.
Die Kredit und Zinskosten liegen bei 2/3 des Gewinns
Die hohen Kredite konnten wohl nur auf Grund des enormen Eigenkapitales aufgenommen werden.
Die Marktkapitalisierung beträgt 300Mio Aktien x 0,025 = 750000$
Das KBV der Gesellschaft Kurs/Buchwert je Aktie liegt damit bei 0,011. Der faire Wert eines Unternehmens liegt ungefähr im Bereich des Buchwertes das wäre dann um den Faktor 10 höher.
Das KGV hat einen Wert von 0,625 und das KUV von 0,1.
Diese Werte machen zugleich die Chance und das Risiko aus, beides sehr hoch.  

da wir uns ja im Hot-Stock Bereich befinden ist der letzte Satz absolut zutreffend.

Schrieb ja auch dieses:

"Es ist eine Spekulation auf eine nachhaltige Trendwende und das Vertrauen was die Geschäftsführer in Ihre eigene Firma haben.
Insiderkäufe und Optionen wurden im Bereich von 0,04-0,07$ getätigt."

Will mal hoffen das die Geschäftsführung Ihre Comp. kennen und sie mehr wissen als wir.

Gruß und Danke,

Hummel

sehr geringer Umsatz, aber der scheint schon zu reichen um das ASK wegzuräumen.
Nicht schlecht für den Anfang - so kann es weiter gehen

Gruß,

Hummel

 

ich denke hier wird in den nächsten Tagen was kommen, endlich mal ein bisschen Umsatz und der Kurs steigt direkt um über 100%

allen Investierten viel Erfolg,

Hummel

vom Freitag den 26-03-10 , nachbörslich :-)

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7149264

und das sieht wirklich gut aus,

Hummel

Die Marktkapitalisierung beträgt 300Mio Aktien x 0,025 = 750000$
mal 10 !!!!!!!!!!!!  

muss ich auch mal nachreichen ;)

Hier wird kein Stück verkauft (bis auf die Tradingpositionen), bis hier erkannt wird wieviel Potenzial hier drinsteckt:

Q-Bericht vom 12-05-2010:

http://ih.advfn.com/...mona&article=42791552&symbol=NB%5ECVNS

lest Euch mal durch was die für Kunden haben ;)

Break even ist fast geschafft und der Zuwachs im ersten Quartal kann sich sehen lassen.

lg,

Hummel

und Heute wieder mit einer Portion eingestiegen ;)

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7548521

0,016-0,02$ nach meiner Meinung ein echtes Schnäppchen

der Break-even ist nicht mehr fern - IMO

Hummel

getätigt.

zu 0,011 stehen da welche in USA - Volumen wurde nicht angezeigt, habe sie aber bekommen ;)

lg,

Hummel

da gestern bei CVNS los war, allerdings gab es solch ein Volumen seit Jahren nicht mehr.

und +150%

der Chart zeigt eine schöne lange grüne Kerze und ich bin gespannt was da an News demnächst reinflattert, denn ohne wird das wohl kaum zu begründen sein.

wünsche allen einen guten Rutsch und ein gesundes und erfolgreiches Jahr 2011

Hummel

So wie es ausschaut war das nur der Anfang.Allerdings kann ich es auch nicht begründen.Kann momentan auch nichts an news finden.
mfg  

da wird schön eingesammelt

Form 5 Fillings vom 9. und 10 Februar 2011

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7704740
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7704754
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7704766
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7709135

der Tag wird kommen ....

lg,

Hummel

die Insiderkäufe waren dann wohl auch die Begründung zu dem Rekordvolumen vom 29.12.10 - aktuelle Marktkap. von unter 1 Millionen US$ darf auch als ein eher schlechter Scherz zu werten sein, denn hier sollte ein vielfaches mehr drin sein - IMO

schönes Wochenende,

Hummel

steigt hier das Interesse,die letzten  zwei Tage hat der Handel ein wenig angezogen .Ich für meinen Teil hab die letzten Wochen ein wenig eingesammelt. Mal sehen ,so langsam wäre es Zeit für einen Ausbruch .  

die ersten Shares wurden bereits wieder eingesammelt.

30.260 zu 0,02$ haben gereicht um das ASK auf 0,024$ zu erhöhen, danach steht der nächste MM bei 0,05$ und folgend 0,12$

CVNS ist auch nach meiner Meinung ein interessanter Wer für eine mögliche Übernahme.
Mein pers. Kursziel ist mittelfristig wieder die 0,05$ und falls der nächste Q-Bericht ein gutes Ergebnis abliefert ( Gewinn 0,01$ je Aktie ) wäre bei einem KGV von 10-15 durchaus schnell Kurse oberhalb der 0,10$ drin.

Mal sehen wohin die Reise geht und heller-goisern , top Einstiegsmöglichkeit genutzt - Glückwunsch.

Hummel