Microphonics' full consolidated income statement is now available at microphonics.com
We are pleased to see such strong growth continue along with increased margins and reductions in expenses. We attribute this to the great work Microphonics has done in securing long-term contracts in prior months. It is generally believed it is much less costly to renew and maintain a business relationship than it is to establish new ones. They are only just beginning to bear the fruits of these past efforts. Microphonics has the notable distinction of being amongst a reported 4% of OTC:BB stocks that are profitable. We are also awaiting details on many new additional contracts and will report them as they are consummated.
SmartStockAdvsr is in the process of arranging an audio interview to enable Microphonics' CEO, Jimmy Gayle, to answer questions from shareholders, address the company's progress, and to expound on its future plans. We will be asking for questions from shareholders when the date for the interview is made known.
We did want to clarify a statement contained in our last post.
Regarding opinions on MRPS stock price, we do not nor have we ever attempted to project where it's going. But we can confidentially offer the opinion that Microphonics as a company is likely to grow at a much faster pace than a behemoth such as MSFT or IBM. That is what the statement should be making reference to, the growth and not the stock price. As stated in the prior post, only the overall market can determine the stock price. But normal expectations would be that, over the course of time, the price would invariably reflect the growth that is projected or reached. Where, when, and how that is assessed is up to the individual investor. We have added our disclaimer from our website to avoid any future misunderstanding.
Occasionally, a question arises on the message boards of which may not appear to be of interest or concern to most investors, or even relevant. Rather than rehash basic details such as the structure of Microphonics or shares outstanding on this public venue, Microphonics' website contains a wealth of rudimentary and in-depth information on their background and history and provides a resource for quick answers. It is frequently updated with facts and news bytes as they become available and we invite shareholders to browse through the site. Questions relating to SmartStockAdvisor.com's business practices or arrangement are best directed to us via channels not dedicated to Microphonics. Feel free to call or email us and we will respond accordingly.
In June, SmartStockAdvisor.com, comprised of 5 seasoned investors, was given free reign of Microphonics' offices and was able to question and review any claims made by Microphonics. In short, we all walked away very happy we were shareholders and very proud to be representing them.
Microphonics is a public company that has long and well established relationships with government entities and major corporations. As a result, they are always under intense scrutiny. For anyone to realistically believe, infer, or insinuate that Microphonics' sole purpose of existence is to practice chicanery and then spend inordinate amounts of time professing that utilizing the anonymity of internet is beyond belief. It doesn't even warrant consideration. SmartStockAdvisor.com and Microphonics would like to also reiterate our conviction to pursue those who make false claims or accusations in an attempt to discredit either entity or individuals within. Publicly posted accusations of wrongdoing that have no merit whatsoever will be recorded for future prosecution.
Microphonics has proven their resolve to stand well above most other OTC:BB stocks time and time again. They have constantly moved forwards towards their goal of getting listed on a major exchange. We expect Ernst & Young to provide the needed support to overcome any hurdles on the way. A newly hired CAO with a rather impressive background should fill the internal accounting needs. More details are forthcoming.
Contact:SmartStockAdvisor.com
1-619-492-8061
SmartStockAdvisor@yahoo.com
Disclaimer: SmartStockAdvisor. com is a compensated agent of Microphonics, Inc. as of May 18,1999. SSA has been hired to perform press and investor relations for the company and are being compensated as follows: during the first three months of our contract SSA will receive 3K freely trading shares and 2K restricted shares per month; thereafter SSA will receive 5K restricted shares per month, with possible additional restricted shares on a quarterly basis. In addition, the individuals comprising SmartStockAdvisor.com all hold individually owned unrestricted shares of Microphonics, which collectively amounts to less than 1% of outstanding shares. We are not a registered investment advisor and suggest that you consult with an independent registered advisor as well as do your own research before investing in any stock. The opinions and analysis included herein are based on sources believed to be reliable but no warranty, expressed or implied, is made as to their accuracy, completeness or correctness. Readers are advised that this communication is issued solely for information purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy any securities. The reader should verify all claims and do their own due diligence before investing in any securities mentioned. Investing in securities is speculative and carries a high degree of risk, of which may or may not be suitable for everyone.
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