CORAL SPRINGS, FL -- (Marketwire) -- 10/04/12 -- FinancialNewsMedia.com "stocks to watch" for today: Pazoo, Inc. (OTCBB: PZOO), CollabRx, Inc. (NASDAQ: CLRX), TagLikeMe Corp. (OTCQB: TAGG), Vringo, Inc. (NYSE MKT: VRNG)
Major News Alert issued for PZOO.OB: Pazoo, Inc. Acquires New Jersey Based DMC Athletics & Rehabilitation, Inc., A Collection Of Quickly expanding and Profitable Physical Therapy & Personal Training Wellness Centers. DMC had approximately $1.4Mill in revenues last year alone... Watch the latest Video Press Release on Youtube.com Now: http://youtu.be/lUa5jXosQN8
Headline News: Pazoo, Inc. (OTCBB: PZOO) is pleased to announce that on Tuesday October 2, 2012 executed a binding letter of intent for the acquisition of New Jersey Based DMC Athletics & Rehabilitation, Inc. (DMC). DMC is a collection of Out Patient Orthopedic Physical Therapy and Personal Training Centers in Morris County, NJ.
DMC generated approximately $1,400,000 in revenues and $185,000 in profits in 2011. Revenues and earnings for the first 9 months of 2012 have already surpassed all of 2011 and DMC is expected to show a more than 40% growth in revenue and more than an 80% growth in profitability from 2011 to 2012. It is expected that with the addition of DMC, Pazoo will be a self-sustaining going concern. It is also important to note that DMC has positioned itself to expand revenues by more than 45% with no additional expense bringing monthly revenue to approximately $250,000 and profits of more than $100,000 per month or more than $1,200,000 per year. This profit can be accomplished because DMC's management had previously put in place and executed its expansion plans back in the spring of 2012
Pazoo will exchange a $1.5 million 2 year balloon note at 3% with DMC's owners for the acquisition and a possible earn out over the next two years. Pazoo's Board of Directors expect audited financials and a business valuation report to be completed soon showing the valuation of DMC to be well north of the acquisition price. Public companies in the same class of DMC elicit a 12 to 14 multiple in the market. DMC's Centers will become the Wellness centers for Pazoo and will act as a sort of Testing Ground and Laboratory for new products before release to market.
David M. Cunic, CEO of Pazoo, Inc., stated, "We have almost completed the build out and implementation of the overall Pazoo business model. However, with the addition of DMC we now have the stability as a company to be a self sufficient operating business. We are in the final stages of assembling the last part of our business model -- our Direct Response TV and Digital Division. At this point the focus is in building shareholder value."
For more details and to read the entire press release issued by PZOO that includes the full company disclosures please go to http://www.financialnewsmedia.com/stock-investing-business-investing-news/featured-news.php?id=217
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CollabRx, Inc. (NASDAQ: CLRX) announced a multi-year partnership agreement with Life Technologies Corporation for development and commercialization of CollabRx technology and content resources to be used in conjunction with Life Technologies' global cancer diagnostics development and its laboratory developed test services business. The agreement represents a major step forward by CollabRx in providing laboratories and next-generation sequencing (NGS) companies with meaningful insights into cancer.
TagLikeMe Corp. (OTCQB: TAGG), a social media development company, has appointed telecom, media and technology veteran Richard Elliot-Square to the position of Chairman and CEO of the Company. Mr. Elliot-Square has a significant history for ushering in new technology and fostering corporate success in small, middle-market and large international telecom, media and hi-technology companies over his 30+ year corporate career. His guidance and contributions have resulted in financings in the hundreds of millions of dollars.
Vringo, Inc. (NYSE MKT: VRNG) shares closed up yesterday over 39.16%. Way above the average daily trading volume of VRNG was recorded 25Mil shares traded. Vringo's market cap is approx $250Mill. VRNG's PPS is up over 500% compared with the 52-week low and was 27% below the 52-week high. VRNG was up again in early trading this morning more than 10% on 7.3Mil shares traded so far.
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