Phinder Technologies (PHDTF)

Press Release: Phinder Technologies Closes $200 000 Equity Financing, Sales Continue to Increase...(PHDTF)

Announced it recently closed a $200,000 equity financing. The financing consisted of restricted shares only, no options or warrants were attached. 

Additionally, sales of its online directory continue to increase. Commenting on these results CEO, John van Arem stated: "We witnessed a continued increase in sales last week and are currently slightly ahead of our projections." During the last three days of the week ending February 12, 2005 we made 112, 91 and 173 sales respectively, which is again a substantial increase.

To view the Full Press Release please visit http://biz.yahoo.com/prnews/050214/to136_1.html

For the Full Profile on PHDTF please visit http://www.smallcapreview.com/phdtf.htm

Approximate Shares Outstanding: 21.7M

 Market Cap: $7.38M

 Recent Price: $0.34

Website: www.phinder.com

PHDTF Highlights

• Announced it has exceeded 100 sales in one day for the first time since it commenced its marketing campaign in January of this year. That is almost doubled the average daily sales of the previous week ending February 5, 2005.
• Announced today it recently closed a $200,000 equity financing. The financing consisted of restricted shares only, no options or warrants were attached.
• Each customer pays a monthly fee of $29.95 or $359.40 per year so every 1,000 active customers represents $29,950 per month in revenue or $359,400 per year in revenue per 1,000 customers. At the current pace the company is adding over 1,200 additional customers per month.
• Announced on Feb 8th, that sales in last 3 days of the past week rose by 101% compared to the previous week.
• Phinder's development stage is over and it is now actually producing sales.
• Customer attrition (cancellations) on a monthly basis is not anticipated to exceed 10% and all sales forecasts and growth projections have taken this variable into account.
• Company is moving its domicile from Toronto to Florida which will result in the "F" being removed from the company's trading symbol.
• A public market that values search engines and directories at enormous multiples: Yahoo P/E 95.77 (November 19, 2004) Google P/E 201.87 (November 19, 2004).

Profile

Phinder Technologies Inc., specializes in the development and particularly, the marketing of software solutions that assist businesses, membership organizations, communities and groups with little or no internet savvy in creating an online presence.

The company recently released its brand new proprietary website builder software for use with a wholly owned online directory service called TheYellowPages.bz (www.typ.bz). The company has also lent its considerable marketing expertise to TheYellowpages.bz in order to sell bundled services offerings aimed at small to medium size businesses. The bundle includes a high quality web site, free web hosting, unlimited Internet access and web based email all for just $29.95 per month. Companies are billed monthly through their phone bill.

Phinder uses outbound telemarketing and true third party verification to sell this inexpensive service to businesses across the US, because it is a proven method of achieving and retaining sales. This marketing approach allows the company to only pay for confirmed sales, rather than conventional marketing where companies spend money in the hope to make a sale at some point.

Business Strategy

Phinder Technologies acquires customers via telemarketing which it out-sources to various call centers. PHDTF has a contract with Voicelog LLC to provide it with automated True Third Party Verification. Voicelog is one of the largest companies in the US to provide these services. Voicelog's method of verification is used by many district attorneys as a standard for proper telemarketing practices. PHDTF only pays the telemarketing partners on sales that Voicelog verifies and approves. 

Recent News and Press Releases

Phinder Technologies Closes $200 000 Equity Financing, Sales Continue to Increase

Phinder Technologies sales of online directory continue to increase

Phinder Technologies Announces Name Change, New Trading Symbol and Sales Update

Disclaimer  

SmallCapReview.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. For continuing coverage of PHDTF, please sign up for our free newsletter, SmallCapReview.com News. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates. This is an advertisement for Phinder Technologies. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.