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| | Business Summary: Geeks on Call Holdings, Inc. provides on-site computer solutions and remote/telephone technical support services to small and medium sized businesses, and residential computer users in the United States. | | | Address
814 Kempsville Road, Suite 106
Norfolk
, VA 23502
Phone: 757-466-3448
Fax: 757-466-3457
Website: http://www.geeksoncall.com
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Davis Accounting Group
Cedar City | | Transfer Agent |
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Island Stock Transfer
| Employees: 61
ShareHolders: 124 | Founded: 2006
Domicile: Delaware | | | |
| | Geeks on Call Holdings, Inc. provides on-site computer solutions and remote/telephone technical support services to small and medium sized businesses, and residential computer users in the United States. Its on-site support services include troubleshooting, maintaining, upgrading and networking computers, and service programs. The company offers its on-site solutions through a network of independent franchised service providers, as well as company employed technicians. In addition, Geeks on Call Holdings provides training and consulting services to computer users at home or business location. The company was founded in 2001 and is headquartered in Norfolk, Virginia. | | History: INCORPORATED in Delaware Dec. 21, 2007; and on Jan. 23, 2008, merged its parent, Lightview, Inc., a Nevada corporation organized on Dec. 22, 2006. On Feb. 8, 2008, the company acquired Geeks On Call America, Inc. through the merger of a wholly owned subsidiary of the company into Geeks On Call America, Inc. In the merger, all of the issued and outstanding capital stock of Geeks On Call America, Inc. was exchanged for 8,000,000 Common shares of the company. Immediately following the closing of the merger, the company transferred all of its pre-merger operating assets and liabilities to Lightview Holdings, Inc., a wholly owned subsidiary of the company, and then transferred all of that subsidiary's outstanding capital stock to the company's pre-merger majority stockholders in exchange for cancellation of shares of the company's Common stock held by those stockholders.
Geeks On Call America, Inc. was originally incorporated in Virginia on June 11, 2001, and converted to a Delaware corporation on Dec. 6, 2007. | | | | Subsidiaries: |
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Geeks On Call America, Inc.
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Management
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| Officers | Position |
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| Richard T. Cole | Chairman, President & Chief Executive Officer | | Ronald W. Pickett | Vice Chairman | | Keith Wesp | Chief Financial Officer & Chief Accounting Officer | | Richard G. Artese | Exec VP, Chief Operating Officer & Chief Information Officer | | Robert P. Crabb | Secretary | | Jennifer Allesandro | Investor Relations Contact |
| | Directors |
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| Richard T. Cole | | Douglas Glenn | | Jim Johnsen | | Ronald W. Pickett | | James Weathers | | | |
| | | | Capitalization as of 02/28/2009: | | | | | Authorized Shares | Outstanding Shares |
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| Common $0.001 par | 100,000,000 | 23,327,374 | | Preferred $0.001 par | 10,000,000 | None |
| | | | LONG TERM DEBT: $62,295. | | | | Common $0.001 par | | | | UNITS SOLD PRIVATELY: In February 2008, the company accepted subscriptions for a total of 365 units in a private placement, consisting of an aggregate of 3,650,000 Common shares and warrants to purchase an aggregate of 2,117,000 Common shares at an exercise price of $1.50 per share, for a per unit purchase price of $10,000. The company received net proceeds of $3,193,253. | | | |
Stockholders:
12/02/2008,
124.
| | PRINCIPAL STOCKHOLDERS: December 2, 2008, RTC Investments, LLC owned or controlled 17.9% of the Common, Telkonet, Inc. 15.8%, Sandor Capital Master Fund 9.5%, and Richard T. Cole 6.3%. | | | |
Transfer Agent: Island Stock Transfer
St. Petersburg
, FL | | | | OTC Bulletin Board( Primary): GOCH | | | | Exchange | Year | High | Low |
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| OTC Bulletin Board | 2008 | 2.9900 | 0.0700 |
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| | | | DIVIDENDS: Common $0.001 par: No cash.
Common split 1.43333333-for-1, Feb. 1, 2008.
Common $0.001 par was split 43-for-30, ex-Feb. 1, 2008. | | | | | |
| | Annual Report |
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| | | Income Statement | |
| 2008 | 2007 |
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| REVENUES |
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| | Royalties and Advertising Fees | 4,411,508 | 5,840,221 | | Franchise, Area Developer and Initial Advertising Fees | 787,894 | 1,210,770 | | Others | 38,941 | 56,863 | | Total Revenues | 5,238,343 | 7,107,854 | | EXPENSES |
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| | Advertising Expenses | (3,299,944) | (3,993,017) | | Selling, General and Administrative Expenses | (6,357,500) | (3,966,933) | | Bad Debts Expenses | (275,977) | (68,729) | | Depreciation and Amortization | (227,242) | (170,535) | | Impairment Loss | (49,000) | - | | Dividends on Mandatorily Redeemable Preferred Stock | (6,340) | (39,372) | | Interest Income/expense-net | (1,333) | (16,922) | | Other Income | 14,013 | - | | Net Income (Loss) | (4,964,980) | (1,147,654) | | CHARGES ON NET INCOME |
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| | Dividends on Preferred Stock | (68,992) | (239,835) | | Net Income Available to Common Shareholders | (5,033,972) | (1,387,489) | | SUPPLEMENTARY INFO |
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| | Operating Income (Loss) | (4,971,320) | (1,091,360) | | Loss per share, basic and diluted | (0.50) | (0.30) |
| | | | Balance Sheet | |
| 2008 | 2007 |
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| ASSETS |
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| | Cash and Cash Equivalents | 177,499 | 280,846 | | Accounts Receivables | 146,707 | 248,091 | | Leases Receivable-current Portion | 19,119 | - | | Notes Receivable, Current Portion | 63,429 | 145,892 | | Prepaid Expenses and Other Current Assets | 344,808 | 255,402 | | Total Current Assets | 751,562 | 930,231 | | NON CURRENT ASSETS |
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| | Property and Equipment, net | 731,306 | 483,857 | | Note Receivable-long-term Portion | 253,754 | 406,999 | | Trademarks | 7,644 | 8,600 | | Customer Lists | 84,042 | - | | Deposits | 2,034 | 1,784 | | Total Assets | 1,830,342 | 1,831,471 | | LIABILITIES |
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| | Accounts Payable and Accrued Liabilities | 2,155,192 | 1,142,087 | | Line-of-credit | 200,000 | 200,000 | | Notes Payable-current Portion | 449,959 | - | | Obligations Under Capital Lease-current Portion | 69,505 | 53,909 | | Other Deferred Liabilities, Current Portion | 7,525 | - | | Deferred Franchise and Initial Advertising Fees | 70,026 | 271,450 | | Total Current Liabilities | 2,952,207 | 1,667,446 | | NON CURRENT LIABILITIES |
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| | Notes Payable-long-term Portion | 88,129 | - | | Obligation Under Capital Lease-long-term Portion | - | 53,909 | | Preferred Stock Convertible | - | 685,000 | | Preferred Stock Convertible | - | 2,152,417 | | Preferred Stock Convertible | - | 741,291 | | Other Deferred Liabilities | 71,130 | 50,914 | | SHAREHOLDERS' EQUITY |
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| | Common Stock - Par Value | 14,153 | 4,707 | | Additional Paid in Capital | 9,109,354 | 1,846,446 | | Accumulated Deficit | (10,404,631) | (5,370,659) | | Total Shareholders Equity | (1,281,124) | (625,798) | | Total Liabilities & Shareholders Equity | 1,830,342 | 1,831,471 |
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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 | 1,000,000 | | 2009 |
2 | 890,000 | | 2008 |
1 | 1,610,000 | | 2008 |
2 | 1,410,000 | | 2008 |
3 | 1,260,000 | | 2008 |
4 | 960,000 | | 2008 |
Full Year
| 5,240,000 | | 2007 |
2 | 1,830,000 | | 2007 |
3 | 1,920,000 | | 2007 |
4 | 1,700,000 | | 2007 |
Full Year
| 7,110,000 |
| | | | | | Quarterly Net Income, US$ |
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| Year | Quarter | Revenue | | 2009 |
1 | (1,170,000) | | 2009 |
2 | (1,100,000) | | 2008 |
2 | (1,170,000) | | 2008 |
3 | (1,750,000) | | 2008 |
Full Year
| (4,960,000) | | 2007 |
Full Year
| (1,150,000) |
| | | | | | Quarterly EPS, US$ |
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| Year | Quarter | Revenue | | 2009 |
1 | (.08) | | 2009 |
2 | (.06) | | 2008 |
1 | (.22) | | 2008 |
2 | (.16) | | 2008 |
3 | (.13) | | 2008 |
4 | (.11) | | 2008 |
Full Year
| (.50) | | 2007 |
2 | (.03) | | 2007 |
3 | (.01) | | 2007 |
4 | (.21) | | 2007 |
Full Year
| (.30) |
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