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| | Business Summary: Ace Marketing & Promotions, Inc., a promotional marketing company, offers various business solutions, including fulfillment and warehousing, incentives and rewards programs, importing, e-commerce and Web design, printing and forms management, database management and branded merchandise. | | | 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 |
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Continental Stock Transfer & Trust Co.
| Employees: 12
ShareHolders: 83 | Founded: 1998
Domicile: New York | | | |
| | Ace Marketing & Promotions, Inc., a 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, database management, and branded merchandise. The company principally engages in distributing advertising specialties and promotional items manufactured by others. It also offers wearables, such as t-shirts, golf shirts, and hats; glassware and ceramics, including mugs and drinking glasses; writing instruments comprising pens, markers, and highlighters; and bags, including tote bags, gift bags, and brief cases. The company also provides stickers, jewelries, sporting goods, awards, electronics, desk/office/business accessories, calendars, caps and headwear, recognition awards/trophies, and sporting goods. Its products are used for dealer/distribution programs; co-op programs; company stores; generating new customers or new accounts; nonprofit fundraising; public awareness campaigns; promoting brand awareness and brand loyalty; employee incentive programs; new product or service introduction; and marketing research for survey and focus group participants. The company's customer categories include corporations, 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 | | Richard J. Kurtz | Chairman | | 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 03/31/2008: | | | | | Authorized Shares | Outstanding Shares |
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| Preferred $0.0001 par | 5,000,000 | None | | Common $0.0001 par | 25,000,000 | 8,121,615so2 |
| | | | LONG TERM DEBT: None. | | | | Common $0.0001 par | | | |
Stockholders:
03/24/2008,
83.
| | PRINCIPAL STOCKHOLDERS: March 24, 2008, Michael D. Trepeta owned or controlled 18.1% of the Common, Dean L. Julia 17.8%, Scott Novack 13.0%, Glenwood Capital Corporation 11.9% and Domenico Iannucci 9.7%. | | | |
Transfer Agent: Continental Stock Transfer & Trust Co.
New York
, NY | | | | OTC Bulletin Board( Primary): AMKT | | | | Exchange | Year | High | Low |
|---|
| OTC Bulletin Board | 2007 | 2.0500 | 0.6500 | | OTC Bulletin Board | 2006 | 2.9900 | 0.7000 | | OTC Bulletin Board | 2005 | 3.5000 | 0.5000 |
|
| | | | DIVIDENDS: Common $0.0001 par: No cash. | | | | | |
so2Excl. 23,334 in treas. | |
| | Annual Report |
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| | | Income Statement | |
| 2007 | 2006 |
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| Revenue, net | $5,660,102 | $4,506,807 | | Cost of Revenue | 3,844,047 | 3,183,825 | | Gross Profit | 1,816,055 | 1,322,982 | | Operating Expenses: |
|
| | Selling | 795,115 | 444,192 | | General and administrative | 1,925,943 | 1,362,492 | | Total Operating Expenses | 2,721,058 | 1,806,684 | | Loss from Operations | (905,003) | (483,702) | | Interest income | 25,948 | 2,676 | | Net Loss | $(879,055) | $(481,026) | | Net Loss Per Common Share: |
|
| | Basic | $(0.11) | $(0.07) | | Diluted | $(0.11) | $(0.07) |
| | | | Balance Sheet | |
| 2007 | 2006 |
|---|
| ASSETS |
|
| | Current Assets: |
|
| | Cash and cash equivalents | $819,021 | $1,353,131 | | Accounts receivable, net | 963,919 | 721,986 | | Prepaid expenses and other current assets | 75,375 | 47,683 | | Total Current Assets | 1,858,315 | 2,122,800 | | Property and Equipment, net | 34,065 | 16,899 | | Other Assets | 7,745 | 5,492 | | Total Assets | $1,900,125 | $2,145,191 | | LIABILITIES AND STOCKHOLDERS' EQUITY |
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| | Current Liabilities: |
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| | Accounts payable | $475,452 | $359,518 | | Accrued expenses | 206,015 | 137,598 | | Total Current Liabilities | 681,467 | 497,116 | | Stockholders' Equity: |
|
| | Common stock, $.0001 par value | 813 | 803 | | Additional paid-in capital | 3,657,920 | 3,176,791 | | Accumulated deficit | (2,408,574) | (1,529,519) | | Less: Treasury Stock | (31,501) | -- | | Total Stockholders' Equity | 1,218,658 | 1,648,075 | | Total Liabilities and Stockholders' Equity | $1,900,125 | $2,145,191 |
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| | Interim Report
|
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| | | Data Not Available | | | | | | | | | |
| | Pro Forma Report
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| | | Data Not Available | | | | | | | | | |
| | Quarterly Report Information
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| | | Quarterly Revenue, US$ |
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| Year | Quarter | Revenue | | 2008 |
1 | 1,180,000 | | 2008 |
2 | 2,050,000 | | 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 |
Full Year
| 4,510,000 | | 2005 |
1 | 560,000 | | 2005 |
2 | 990,000 | | 2005 |
3 | 750,000 | | 2005 |
Full Year
| 3,420,000 | | 2004 |
Full Year
| 2,400,000 |
| | | | | | Quarterly Net Income, US$ |
|---|
| Year | Quarter | Revenue | | 2008 |
1 | (300,000) | | 2008 |
2 | (190,000) | | 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) | | 2003 |
Full Year
| 10,000 |
| | | | | | Quarterly EPS, US$ |
|---|
| Year | Quarter | Revenue | | 2008 |
1 | (.04) | | 2008 |
2 | (.02) | | 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 |
Full Year
| (.07) | | 2005 |
1 | (.01) | | 2005 |
2 | (.07) | | 2005 |
3 | (.01) | | 2005 |
Full Year
| (.12) | | 2004 |
Full Year
| (.03) |
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