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| | Business Summary: Ace Marketing & Promotions, Inc., a service promotional marketing company, offers various business solutions. | | | Address
457 Rockaway Avenue
Valley Stream
, NY 11581
Phone: 516-256-7766
Website: http://www.acemarketing.net
| | Auditor |
|---|
Holtz Rubenstein Reminick
Melville
, NY | | Transfer Agent |
|---|
Continental Stock Transfer & Trust Co.
| Employees: 13
ShareHolders: 90 | Founded: 1998
Domicile: New York | | | |
| | Ace Marketing & Promotions, Inc., a service promotional marketing company, offers various business solutions. Its solutions include fulfillment and warehousing, incentives and rewards programs, importing, e-commerce and Web design, database management and integrated marketing, printing and forms management, branded merchandise, and proximity marketing. The company primarily engages in distributing advertising specialties and promotional items manufactured by others. It provides various promotional products, such as stickers, jewelry, sporting goods, awards, and electronics; wearables, including t-shirts, golf shirts, and hats; glassware, such as mugs and drinking glasses; writing instruments comprising pens, markers, and highlighters; desk/office/business accessories; calendars; caps and headwear; recognition awards/trophies; sporting goods; and bags, such as tote bags, gift bags, and brief cases. The company offers promotional products that are used in dealer/distribution programs, co-op programs, company stores, generating new customers or new accounts, nonprofit fundraising, public awareness campaigns, the promotion of brand awareness and brand loyalty, employee incentive programs, new product or service introduction, and marketing research for survey and focus group participants. It serves large corporations, local schools, universities, financial institutions, hospitals, and not-for-profit organizations. Ace Marketing & Promotions, Inc. was founded in 1998 and is based in Valley Stream, New York. | | History: INCORPORATED in New York Mar. 26, 1998. | | | | | | Capital Expenditures, thousand. US Dollars |
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| Year | Amount | | 2005 | 11 |
| | | | | | |
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Management
|
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| Officers | Position |
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| Dean L. Julia | Chairman, Secretary, Chief Executive Officer & Treasurer | | Michael D. Trepeta | President, Chief Operating Officer & Investor Relations Contact | | Sean J. McDonnell | Chief Financial Officer & Chief Accounting Officer |
| | Directors |
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| Dean L. Julia | | Scott J. Novack | | Michael D. Trepeta | | | |
| | | | Capitalization as of 03/31/2009: | | | | | Authorized Shares | Outstanding Shares |
|---|
| Common $0.0001 par | 25,000,000 | 9,717,615so1 | | Preferred $0.0001 par | 5,000,000 | None |
| | | | LONG TERM DEBT: None. | | | | Common $0.0001 par | | | |
Stockholders:
03/25/2009,
90.
| | PRINCIPAL STOCKHOLDERS: March 25, 2009, Michael D. Trepeta owned or controlled 16.5% of the Common, Dean L. Julia 16.2%, Scott Novack 10.8% and Domenico Iannucci 9.5%. | | | |
Transfer Agent: Continental Stock Transfer & Trust Co.
New York
, NY | | | | OTC Bulletin Board( Primary): AMKT | | | | Exchange | Year | High | Low |
|---|
| OTC Bulletin Board | 2009 | 1.2500 | 0.4500 | | OTC Bulletin Board | 2008 | 1.1900 | 0.2600 | | OTC Bulletin Board | 2007 | 2.0500 | 0.6500 | | OTC Bulletin Board | 2006 | 2.9900 | 0.7000 | | OTC Bulletin Board | 2005 | 3.5000 | 0.5000 |
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| | | | DIVIDENDS: Common $0.0001 par: No cash. | | | | | |
so1Excl. 23,334 in treas. | |
| | Annual Report |
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| | | Income Statement | |
| 2008 | 2007 |
|---|
| REVENUES |
|
| | Revenues, Net | 6,069,356 | 5,660,102 | | EXPENSES |
|
| | Cost of Revenues | (4,383,183) | (3,844,047) | | Selling Expenses | (771,867) | (795,115) | | General and Administrative Expenses | (2,155,753) | (1,925,943) | | Interest Expense | (1,042) | - | | Interest Income | 12,096 | 25,948 | | Earnings before Taxes | (1,230,393) | (879,055) | | TAXES AND OTHER EXPENSES |
|
| | Net Income (Loss) | (1,230,393) | (879,055) | | CHARGES ON NET INCOME |
|
| | Dividends on Preferred Stock | (96,500) | - | | Net Income Available to Common Shareholders | (1,326,893) | (879,055) | | SUPPLEMENTARY INFO |
|
| | Gross Profit/loss | 1,686,173.00 | 1,816,055.00 | | Operating Income (Loss) | (1,241,447.00) | (905,003.00) | | Basic Eps-continuing Operations | (0.16) | (0.11) | | Diluted Eps-continuing Operations | (0.16) | (0.11) |
| | | | Balance Sheet | |
| 2008 | 2007 |
|---|
| CURRENT ASSETS |
|
| | Cash and Cash Equivalents | 509,251 | 819,021 | | Accounts Receivables | 809,685 | 963,919 | | Notes Receivable | 100,000 | - | | Prepaid Expenses and Other Assets | 63,401 | 75,375 | | Total Current Assets | 1,482,337 | 1,858,315 | | NON CURRENT ASSETS |
|
| | Property and Equipment, net | 115,334 | 34,065 | | Other Assets | 7,745 | 7,745 | | Total Assets | 1,605,416 | 1,900,125 | | CURRENT LIABILITIES |
|
| | Accounts Payable | 338,165 | 475,452 | | Accrued Expenses | 181,766 | 206,015 | | Total Current Liabilities | 519,931 | 681,467 | | SHAREHOLDERS' EQUITY |
|
| | Common Stock-par Value | 924 | 813 | | Additional Paid in Capital | 4,851,529 | 3,657,920 | | Treasury Stock-common | (31,501) | (31,501) | | Accumulated Deficit | (3,735,467) | (2,408,574) | | Total Shareholders Equity | 1,085,485 | 1,218,658 | | Total Liabilities & Shareholders Equity | 1,605,416 | 1,900,125 |
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| | Interim Report
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| | | Data Not Available | | | | | | | | | |
| | Pro Forma Report
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| | | Data Not Available | | | | | | | | | |
| | Quarterly Report Information
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| | | Quarterly Revenue, US$ |
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| Year | Quarter | Revenue | | 2009 |
1 | 460,000 | | 2009 |
2 | 840,000 | | 2009 |
3 | 940,000 | | 2008 |
1 | 1,180,000 | | 2008 |
2 | 2,050,000 | | 2008 |
3 | 1,480,000 | | 2008 |
4 | 1,360,000 | | 2008 |
Full Year
| 6,070,000 | | 2007 |
1 | 1,280,000 | | 2007 |
2 | 1,400,000 | | 2007 |
3 | 1,640,000 | | 2007 |
4 | 1,340,000 | | 2007 |
Full Year
| 5,660,000 | | 2006 |
1 | 1,080,000 | | 2006 |
2 | 1,090,000 | | 2006 |
3 | 1,360,000 | | 2006 |
4 | 990,000 | | 2006 |
Full Year
| 4,510,000 | | 2005 |
1 | 560,000 | | 2005 |
2 | 990,000 | | 2005 |
3 | 750,000 | | 2005 |
4 | 1,120,000 | | 2005 |
Full Year
| 3,420,000 | | 2004 |
1 | 420,000 | | 2004 |
2 | 700,000 | | 2004 |
3 | 740,000 | | 2004 |
4 | 520,000 | | 2004 |
Full Year
| 2,400,000 |
| | | | | | Quarterly Net Income, US$ |
|---|
| Year | Quarter | Revenue | | 2009 |
1 | (460,000) | | 2009 |
2 | (160,000) | | 2009 |
3 | (480,000) | | 2008 |
1 | (300,000) | | 2008 |
2 | (190,000) | | 2008 |
3 | (340,000) | | 2008 |
4 | (400,000) | | 2008 |
Full Year
| (1,230,000) | | 2007 |
1 | (130,000) | | 2007 |
2 | (130,000) | | 2007 |
3 | (280,000) | | 2007 |
4 | (340,000) | | 2007 |
Full Year
| (880,000) | | 2006 |
1 | (120,000) | | 2006 |
2 | (120,000) | | 2006 |
3 | (20,000) | | 2006 |
Full Year
| (481,000) | | 2005 |
1 | (50,000) | | 2005 |
2 | (440,000) | | 2005 |
3 | (40,000) | | 2005 |
Full Year
| (682,500) | | 2004 |
Full Year
| (160,000) |
| | | | | | Quarterly EPS, US$ |
|---|
| Year | Quarter | Revenue | | 2009 |
1 | (.05) | | 2009 |
2 | (.02) | | 2009 |
3 | (.05) | | 2008 |
1 | (.04) | | 2008 |
2 | (.02) | | 2008 |
3 | (.05) | | 2008 |
4 | (.05) | | 2008 |
Full Year
| (.16) | | 2007 |
1 | (.02) | | 2007 |
2 | (.02) | | 2007 |
3 | (.03) | | 2007 |
4 | (.04) | | 2007 |
Full Year
| (.11) | | 2006 |
1 | (.01) | | 2006 |
2 | (.02) | | 2006 |
3 | Nil | | 2006 |
4 | (.03) | | 2006 |
Full Year
| (.07) | | 2005 |
1 | (.01) | | 2005 |
2 | (.07) | | 2005 |
3 | (.01) | | 2005 |
4 | (.02) | | 2005 |
Full Year
| (.12) | | 2004 |
1 | (.02) | | 2004 |
2 | .01 | | 2004 |
3 | (.01) | | 2004 |
4 | (.01) | | 2004 |
Full Year
| (.03) |
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