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eRoomSystem Technologies, Inc. Symbol:  ERMS Click here for a printable version Business Summary: eRoomSystem Technologies, Inc. and its subsidiaries engage in the development and installation of eRoomSystem, an in-room computerized platform and communications network for the lodging industry.   Address   1072 Madison Avenue   Lakewood , NJ 08701-2650   Phone: 732-730-0116   Fax: 732-810-0380   Website: http://www.eroomsystem.com Transfer Agent   American Stock Transfer & Trust Co. Employees:  2 ShareHolders:  400 Founded:  1993 Domicile:  Nevada      S & P Disclaimer   eRoomSystem Technologies, Inc. Symbol:  ERMS Click here for a printable version eRoomSystem Technologies, Inc. and its subsidiaries engage in the development and installation of eRoomSystem, an in-room computerized platform and communications network for the lodging industry. The company's eRoomSystem is a computerized platform and processor-based system, which is installed within its eRoomServ refreshment centers, and is designed to collect and control data. Its eRoomServ refreshment centers consist of the eRoomSystem, a refrigeration unit, electronic controls, LCD display, and vending racks. The company offers eRoomSafe, an electronic in-room safe; eRoomTray, an in-room ambient tray for dry goods; and eRoomEnergy, an in-room digital thermostat that is designed to control fan coil unit or packaged-terminal air conditioner found in hotel rooms. It also provides eRoomData Management that collects information regarding the usage of eRoomServ refreshment centers on a real-time basis. As of December 31, 2007, eRoomSystem Technologies had approximately 10,000 eRoomServ refreshment centers and approximately 6,000 eRoomSafes installed at approximately 30 hotel properties. The company, formerly known as InnSyst! Corporation, was founded in 1993 and is headquartered in Lakewood, New Jersey. History:  INCORPORATED in Nevada Aug. 31, 1999 as RoomSystems International Corp. (RSIC), a wholly owned subsidiary of RoomSystems, Inc. (RSI; originally incorporated in North Carolina Mar. 17, 1993 as InnSyst! Corp. and reincorporated in Nevada Apr. 17, 1996). On Apr. 29, 1996, RSI and RoomSystems Finance Corp. (RSF) entered into a Reorganization Plan and Merger Agreement whereby RSF became a wholly owned subsidiary of RSI. On Oct. 15, 1997, the operations of RSF were effectively transferred to RSI and RSF was dissolved. As of Dec. 31, 1999, RSI, RSIC and their shareholders entered into an Agreement and Plan of Reorganization whereby RSI became a wholly owned subsidiary of RSIC. On Mar. 29, 2000, RSIC changed its name to eRoomSystem Technologies, Inc.   Subsidiaries: eRoomSystem Services, Inc. eRoomSystem SPE, Inc.     Capital Expenditures, thousand. US Dollars   Year   Amount   2007   0   2006   4   2005   2   Research and Development Expenditures, thousand. US Dollars   Year   Amount   2007   9   2006   0   2005   2      S & P Disclaimer   eRoomSystem Technologies, Inc. Symbol:  ERMS Click here for a printable version Management Officers Position  David A. Gestetner Chairman, President, Secretary, Chief Accounting Officer, Investor Relations Contact, Chief Executive Officer & Chief Financial Officer  Daniel  Bird Chief Operating Officer Directors  David A. Gestetner  Herbert  Hardt  James C. Savas  Lawrence K. Wein      S & P Disclaimer   eRoomSystem Technologies, Inc. Symbol:  ERMS Click here for a printable version   Capitalization as of 03/31/2008:     Authorized Shares Outstanding Shares Common $0.001 par 50,000,000 23,973,165 Preferred $0.001 par 5,000,000 None   LONG TERM DEBT: None.   Common $0.001 par   COMMON OFFERED: August 2, 2000, the company, through underwriters led by Donald & Co. Securities Inc., offered 1,800,000 Common shares at $6.50 a share; comm., $0.504 a share. An additional 270,000 were available to cover over-allotments.   Stockholders:  02/01/2008, 400. PRINCIPAL STOCKHOLDERS: February 1, 2008, David A. Gestetner owned or controlled 21.5% of the Common, James C. Savas 16.8%, and Ash Capital, LLC 16.1%.   Transfer Agent:  American Stock Transfer & Trust Co.   New York , NY   OTC Bulletin Board( Primary): ERMS   Exchange Year High Low OTC Bulletin Board 2008 0.2700 0.1000 OTC Bulletin Board 2007 0.2500 0.0900 OTC Bulletin Board 2006 0.2950 0.1100 OTC Bulletin Board 2005 0.4800 0.1700 OTC Bulletin Board 2004 0.4400 0.1500 OTC Bulletin Board 2003 0.3400 0.0600 NASDAQ Small Cap 2002 2.4500 0.0800 NASDAQ Small Cap 2001 2.9375 0.0700 NASDAQ Small Cap 2000 6.5000 1.0000   DIVIDENDS: Common $0.001 par: No cash. Common reverse split 3-for-4, Mar. 29, 2000.        S & P Disclaimer   eRoomSystem Technologies, Inc. Symbol:  ERMS Click here for a printable version Annual Report   Income Statement   2008 2007 REVENUES Product Sales 134,368 127,441 Maintenance Fees 222,816 254,428 Revenue-sharing Arrangements 555,571 792,281 Total Revenues 912,755 1,174,150 EXPENSES Revenue-sharing Arrangements (240,871) (382,820) Maintenance (79,493) (58,349) Product Sales (31,858) (28,431) Selling, General and Administrative Expenses (468,700) (412,919) Research and Development (81,673) (8,678) Loss on Impairment of Refreshment Centers (64,835) - Interest and Other Income 126,906 110,768 Gain on Forgiveness of Liabilities and Debt - 8,500 Earnings before Taxes 72,231 402,221 TAXES AND OTHER EXPENSES Net Income (Loss) 72,231 402,221 SUPPLEMENTARY INFO Gross Profit/loss 495,698.00 704,550.00 Operating Income (Loss) 72,231.00 393,721.00 Basic Eps-continuing Operations - 0.02 Diluted Eps-continuing Operations - 0.02   Balance Sheet   2008 2007 CURRENT ASSETS Cash and Cash Equivalents 2,135,814 355,970 Marketable Securities, Available-for-sale - 1,998,002 Accounts Receivables 124,897 182,416 Notes Receivable 512,603 - Prepaid Expenses 114,512 10,831 Total Current Assets 2,887,826 2,547,219 NON CURRENT ASSETS Computer Equipment and office Equipment 9,591 3,261 Refreshment Centers in Service 98,389 434,609 Investment in Marketable Securities 14,075 14,075 Notes Receivable 183,159 159,166 Deposits 2,250 2,432 Total Assets 3,195,290 3,160,762 CURRENT LIABILITIES Accounts Payable 51,687 49,070 Accrued Liabilities 52,534 71,289 Deferred Revenue 7,346 10,462 Customer Deposits 2,004 - Total Current Liabilities 113,571 130,821 SHAREHOLDERS' EQUITY Common Stock-par Value 24,048 23,973 Additional Paid in Capital 34,042,248 33,792,008 Treasury Stock-common (38,453) - Accumulated Deficit (31,010,396) (31,082,628) Accumulated Other Comprehensive Loss (50,000) (50,000) Warrants and Options Outstanding 114,273 346,585 Total Shareholders Equity 3,081,719 3,029,941 Total Liabilities & Shareholders Equity 3,195,290 3,160,762      S & P Disclaimer   eRoomSystem Technologies, Inc. Symbol:  ERMS Click here for a printable version Interim Report      Data Not Available            S & P Disclaimer   eRoomSystem Technologies, Inc. Symbol:  ERMS Click here for a printable version Pro Forma Report      Data Not Available            S & P Disclaimer   eRoomSystem Technologies, Inc. Symbol:  ERMS Click here for a printable version Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2008   1 260,000   2008   2 280,000   2008   3 170,000   2008   4 200,000   2008   Full Year 910,000   2007   1 290,000   2007   2 340,000   2007   3 320,000   2007   4 230,000   2007   Full Year 1,170,000   2006   1 410,000   2006   2 310,000   2006   3 310,000   2006   4 310,000   2006   Full Year 1,340,000   2005   1 360,000   2005   2 390,000   2005   3 410,000   2005   4 400,000   2005   Full Year 1,560,000   2004   1 360,000   2004   2 370,000   2004   3 410,000   2004   4 460,000   2004   Full Year 1,590,000   2003   1 390,000   2003   2 390,000   2003   3 330,000   2003   4 420,000   2003   Full Year 1,500,000     Quarterly Net Income, US$ Year Quarter Revenue   2008   1 0   2008   2 20,000   2008   3 10,000   2008   4 40,000   2008   Full Year 70,000   2007   1 90,000   2007   2 120,000   2007   3 150,000   2007   4 40,000   2007   Full Year 400,000   2006   1 20,000   2006   2 70,000   2006   3 30,000   2006   Full Year 162,100   2005   1 7,320,000   2005   2 70,000   2005   3 (40,000)   2005   Full Year 160,500   2004   1 410,000   2004   2 250,000   2004   3 70,000   2004   Full Year 900,100   2003   1 (490,000)   2003   2 (440,000)   2003   3 (570,000)   2003   Full Year (1,721,800)     Quarterly EPS, US$ Year Quarter Revenue   2008   1 Nil   2008   2 Nil   2008   3 Nil   2008   4 Nil   2008   Full Year Nil   2007   1 Nil   2007   2 .01   2007   3 .01   2007   4 Nil   2007   Full Year .02   2006   1 Nil   2006   2 Nil   2006   3 Nil   2006   4 Nil   2006   Full Year .01   2005   1 Nil   2005   2 Nil   2005   3 Nil   2005   4 .01   2005   Full Year .01   2004   1 .02   2004   2 .01   2004   3 Nil   2004   4 .01   2004   Full Year .04   2003   1 (.04)   2003   2 (.04)   2003   3 (.05)   2003   4 (.02)   2003   Full Year (.16)      S & P Disclaimer