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There is important news coming from KCM Holdings Corp. (PINKSHEETS: KCMH), and the company should have investors monitoring the stock closely. Friday after the markets closed, the company, a strategic business development and holdings company, issued a press release announcing its results for the first quarter ending March 31, 2008.
This is good news for KCMH, as according to the company's press release, for the first quarter of fiscal 2008, its first operational quarter as a publicly traded company, KCMH reported total revenue of $290,000 and net income of $160,000 after taxes. KCMH has already surpassed last quarter's revenues in this fiscal quarter and projects even further growth.
"We realize it is rare that a micro-cap company shows profit its first quarter, so I am very pleased," states Donald Klein, President and CEO.
According to Mr. Klein, "We accomplished our goal of diversifying into a range of industries based on globalization and recent interventions by the Government with financial institutions. We have identified a recession proofing strategy and supporting revenue models. Our focus will be on information and content-driven models like Google, and strong financial management similar to Goldman Sachs. Our goal is to bring the same strategies utilized by these great companies to the micro-cap arena, and with persistence and integrity, generate healthy revenue, even in the midst of today's economic instability."
Ed Kang, COO, was equally pleased and is confident operational revenues will continue to improve due to the internal recession proofing plan, "Our first quarter proves that our strategy is the right foundation for continual focus on conserving cash, core competencies, and expansion by creating proprietary value and innovative financial models."
Investors are urged to monitor this company closely! The press release also states that KCMH estimates its preliminary revenue projections between $3-7 Million in gross revenue for 2008. These preliminary projections are based on its current client schedule, revenue sharing agreements, acquisition negotiations and launching of additional publicly traded companies. KCMH is set to release its proprietary intellectual properties for small businesses this quarter and announce some key client agreements to assist in global expansion.
KCMH will shortly release its financials, un-audited, and with more details of its recession proofing plan on its website: www.theKCMgroup.com.
KCMH closed Friday at Five cents a share.
For Stock Market Alerts' in-depth profile of Unicorp, visit http://www.wallstreetenews.com/HotStocks/KCMH051108/default.aspx
In case you are not familiar with the company: KCM HOLDINGS CORP. is a strategic business development and holdings company specializing in a broad range of business incubation, support, design and development ventures.
Other Stocks of interest yesterday were:
Sunovia Energy Technologies, Inc. (OTCBB: SUNV | news | PowerRating | PR Charts ) up 15.7% on 1.1 million shares traded. Sunovia Energy (http://www.sunoviaenergy.com) is a Sarasota, Fla.-based renewable energy and energy conservation company that is working to develop an advanced and cost-effective cadmium telluride (CdTe) solar cell technology.
NanoViricides, Inc. (OTCBB: NNVC | news | PowerRating | PR Charts ) up 23.1% on 784,000 shares traded. NanoViricides, Inc. (www.nanoviricides.com) is a development stage company that is creating special purpose nanomaterials for viral therapy. The Company's novel nanoviricide(TM) class of drug candidates are designed to specifically attack enveloped virus particles and to dismantle them.
eGain Communications Corporation (OTCBB: EGAN | news | PowerRating | PR Charts ) up 36.9% on 562,000 shares traded. eGain is a leading provider of multichannel customer service and knowledge management software for in-house or on-demand SaaS deployment.
The advertisement is provided by Wall Street Enews, a division of Stock Market Alerts LLC, an electronic broadcaster and publisher of this release, and hereafter referred to as "the company." The company received compensation for services performed for KCM HOLDINGS CORP. (PINKSHEETS: KCMH). Currently, the compensation is five hundred and sixty thousand shares from third party, Martin Cunnane, who is non-affiliated and may hold a significant position in the stock. The company holds all of those shares, but intends to immediately begin selling shares as this report is being distributed. The company may receive additional shares for extension of its services, and any additional shares will be disclosed at such time that the company is aware of a clients desire to extend the original services. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent. The company may have received shares of a company profiled in this release prior to the dissemination of the information in this release. The company may immediately sell some or any shares in a profiled company held by the company and may have previously sold shares in a profiled company held by the company. The company's services for a company may cause the company's stock price to increase, in which event the company would make a profit when it sells its stock in a company. In addition, the company's selling of a company's stock may have a negative effect on the market price of the stock. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.
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