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| | Business Summary: Hotel Outsource Management International, Inc., through its subsidiaries, operates as a multi-national service provider in the hospitality industry. | | | Address 80 Wall Street
Suite 815
New York
, NY 10005
Phone: 212-344-1600
| | Auditor |
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Barzily & Co.
| | Transfer Agent |
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Atlas Stock Transfer Corp.
| Employees: 30 ShareHolders: 93 | Founded: 2000 Domicile: Delaware | | | |
| | Hotel Outsource Management International, Inc., through its subsidiaries, operates as a multi-national service provider in the hospitality industry. It engages in the development, manufacture, marketing, distribution, installation, service, and operation of computerized minibars in upscale and luxury hotels located in the United States, Europe, Australia, South Africa, and Israel. The company also offers consultation and supervision services, as well as engages in installation and operation arrangements. As of December 31, 2008, it provided operation and/or management services to the minibar departments of 23 hotels. The company, formerly known as Benjamin Acquisitions, Inc., was founded in 1997 and is headquartered in New York, New York. | | History: INCORPORATED in Delaware Nov. 9, 2000, as Benjamin Acquisitions Inc.; name changed to Hotel Outsource Management International, Inc. Feb. 7, 2002. December 28, 2001, the company acquired Bartech Mediterranean Ltd. (incorporated in Israel in 1997) for 12,000,000 Common shares. | | | | | | Capital Expenditures, thousand. US Dollars |
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| Year | Amount | | 2006 | 803 |
| | | | | | Research and Development Expenditures, thousand. US Dollars |
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| Year | Amount | | 2006 | 261 |
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Management
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| Officers | Position |
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| Daniel Cohen | President | | Jacob Ronnel | Chief Financial Officer, Chief Accounting Officer & Chief Executive Officer | | Aryeh Reif | Secretary | | Sigal Grinboim | Investor Relations Contact |
| | Directors |
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| Ariel Almog | | Avraham Bahry | | Daniel Cohen | | Jacob Faigenbaum | | Kalman Huber | | Yoav Ronen | | Jacob Ronnel | | | |
| | | | Capitalization as of 03/31/2009: | | | | | Authorized Shares | Outstanding Shares |
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| Preferred $0.001 par | 5,000,000 | None | | Common $0.001 par | 105,000,000 | 69,453,364 |
| | | | LONG TERM DEBT: $836,000. | | | | Common $0.001 par | | | |
Stockholders:
12/31/2008,
93.
| | PRINCIPAL STOCKHOLDERS: March 15, 2009, officers and directors owned 35.6% of the Common. | | | |
Transfer Agent: Atlas Stock Transfer Corp.
Salt Lake City
, UT | | | | OTC Bulletin Board( Primary): HOUM | | | | Exchange | Year | High | Low |
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| OTC Bulletin Board | 2008 | 0.3000 | 0.0220 | | OTC Bulletin Board | 2007 | 0.4500 | 0.2300 | | OTC Bulletin Board | 2006 | 0.5500 | 0.3400 | | OTC Bulletin Board | 2005 | 1.3000 | 0.2700 | | OTC Bulletin Board | 2004 | 1.4500 | 0.4500 |
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| | | | DIVIDENDS: Common $0.001 par: None. | | | | | |
| | Annual Report |
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| | | Income Statement | |
| 2008 | 2007 |
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| REVENUES |
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| | Revenues | 3,700 | 3,775 | | EXPENSES |
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| | Cost of Revenues Other | (1,760) | (1,606) | | Selling and Marketing | (460) | (296) | | General and Administrative | (1,987) | (1,410) | | Research and Development | (180) | (134) | | Depreciation | (599) | (607) | | Financial Income/expense Net | (680) | - | | Other Income/expense-net | 6 | 752 | | Earnings before Taxes | (1,960) | 474 | | TAXES AND OTHER EXPENSES |
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| | Provision for Income Tax | (14) | (36) | | Minority Interest (After Tax) | - | 12 | | Net Income (Loss) | (1,974) | 450 | | SUPPLEMENTARY INFO |
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| | Gross Profit/loss | 1,341.00 | 1,562.00 | | Basic and diluted net income (loss) per share | (0.05) | 0.01 |
| | | | Balance Sheet | |
| 2008 | 2007 |
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| ASSETS |
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| | Cash and Cash Equivalents | 770 | 2,344 | | Deposits | 27 | 5 | | Trade Receivables | 719 | 791 | | Other Accounts Receivables | 249 | 125 | | Inventories | 260 | 251 | | Total Current Assets | 2,025 | 3,516 | | NON CURRENT ASSETS |
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| | Property and Equipment, net | 5,429 | 4,597 | | Intangible Assets | 73 | 56 | | Deferred Expenses Net | 67 | 90 | | Severance Pay Funds | 28 | 33 | | Total Assets | 7,622 | 8,292 | | LIABILITIES |
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| | Trade Payables | 1,110 | 374 | | Accrued Expenses and Other Current Liabilities | 292 | 299 | | Short-term Bank Credit | 4 | - | | Loans from Shareholders | 809 | - | | Current Maturities of Long-term Loans | 113 | 292 | | Current Maturities of Convertible Notes | 219 | - | | Total Current Liabilities | 2,547 | 965 | | NON CURRENT LIABILITIES |
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| | Long-term Loans-net of Current Maturities | 669 | 785 | | Convertible Notes | 260 | 494 | | Deferred Taxes | 25 | 21 | | Minority Interest | - | (26) | | Accrued Severance Pay | 44 | 45 | | SHAREHOLDERS' EQUITY |
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| | Common Stock - Par Value | 41 | 41 | | Additional Paid in Capital | 8,048 | 8,048 | | Accumulated Deficit | (4,250) | (2,276) | | Accumulated Other Comprehensive Income (Loss) | 238 | 195 | | Total Shareholders Equity | 4,077 | 6,008 | | Total Liabilities & Shareholders Equity | 7,622 | 8,292 |
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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 | 680,000 | | 2009 |
2 | 890,000 | | 2008 |
1 | 880,000 | | 2008 |
2 | 940,000 | | 2008 |
3 | 1,010,000 | | 2008 |
4 | 870,000 | | 2008 |
Full Year
| 3,700,000 | | 2007 |
1 | 800,000 | | 2007 |
2 | 980,000 | | 2007 |
3 | 960,000 | | 2007 |
4 | 1,030,000 | | 2007 |
Full Year
| 3,780,000 | | 2006 |
1 | 650,000 | | 2006 |
2 | 790,000 | | 2006 |
3 | 900,000 | | 2006 |
4 | 920,000 | | 2006 |
Full Year
| 3,260,000 | | 2005 |
1 | 560,000 | | 2005 |
2 | 720,000 | | 2005 |
3 | 800,000 | | 2005 |
4 | 730,000 | | 2005 |
Full Year
| 2,810,000 | | 2004 |
1 | 320,000 | | 2004 |
2 | 370,000 | | 2004 |
3 | 450,000 | | 2004 |
4 | 520,000 | | 2004 |
Full Year
| 1,600,000 |
| | | | | | Quarterly Net Income, US$ |
|---|
| Year | Quarter | Revenue | | 2009 |
1 | (580,000) | | 2009 |
2 | (250,000) | | 2008 |
1 | (320,000) | | 2008 |
2 | (230,000) | | 2008 |
3 | (500,000) | | 2008 |
4 | (920,000) | | 2008 |
Full Year
| (1,970,000) | | 2007 |
1 | 530,000 | | 2007 |
2 | (60,000) | | 2007 |
3 | (20,000) | | 2007 |
4 | 0 | | 2007 |
Full Year
| 450,000 | | 2006 |
1 | (30,000) | | 2006 |
2 | (120,000) | | 2006 |
3 | (90,000) | | 2006 |
Full Year
| (303,000) | | 2005 |
1 | (60,000) | | 2005 |
2 | (60,000) | | 2005 |
3 | 80,000 | | 2005 |
Full Year
| (128,000) | | 2004 |
Full Year
| (730,000) |
| | | | | | Quarterly EPS, US$ |
|---|
| Year | Quarter | Revenue | | 2009 |
1 | (.01) | | 2009 |
2 | Nil | | 2008 |
1 | (.01) | | 2008 |
2 | (.01) | | 2008 |
3 | (.01) | | 2008 |
4 | (.02) | | 2008 |
Full Year
| (.05) | | 2007 |
1 | .01 | | 2007 |
2 | Nil | | 2007 |
3 | Nil | | 2007 |
4 | Nil | | 2007 |
Full Year
| .01 | | 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 | Nil | | 2005 |
Full Year
| Nil | | 2004 |
1 | (.01) | | 2004 |
2 | (.01) | | 2004 |
3 | Nil | | 2004 |
4 | (.01) | | 2004 |
Full Year
| (.03) |
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