OTC Bulletin Board

S & P Company Insight for HOTEL OUTSOURCE MGMT
 
 Profile

 
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
  Barzily & Co.
Transfer Agent
  Atlas Stock Transfer Corp.
Employees:  30
ShareHolders:  93
Founded:  2000
Domicile:  Delaware
 
  
 
 Background

 
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
  Year  Amount
  2006  803
  2005  1,641
  2004  1,308
 
Research and Development Expenditures, thousand. US Dollars
  Year  Amount
  2006  261
 
  
 
 Management

 

Management
OfficersPosition
 Daniel  CohenPresident
 Jacob  RonnelChief Financial Officer, Chief Accounting Officer & Chief Executive Officer
 Aryeh  ReifSecretary
 Sigal  GrinboimInvestor Relations Contact

Directors
 Ariel  Almog
 Avraham  Bahry
 Daniel  Cohen
 Jacob  Faigenbaum
 Kalman  Huber
 Yoav  Ronen
 Jacob  Ronnel
 
  
 
 Annual Report

 
Annual Report
 
Income Statement
  20082007
REVENUES
Revenues3,7003,775
EXPENSES
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-net6752
Earnings before Taxes(1,960)474
TAXES AND OTHER EXPENSES
Provision for Income Tax(14)(36)
Minority Interest (After Tax)-12
Net Income (Loss)(1,974)450
SUPPLEMENTARY INFO
Gross Profit/loss1,341.001,562.00
Basic and diluted net income (loss) per share (0.05)0.01
 
Balance Sheet
  20082007
ASSETS
Cash and Cash Equivalents7702,344
Deposits275
Trade Receivables719791
Other Accounts Receivables249125
Inventories260251
Total Current Assets2,0253,516
NON CURRENT ASSETS
Property and Equipment, net5,4294,597
Intangible Assets7356
Deferred Expenses Net6790
Severance Pay Funds2833
Total Assets7,6228,292
LIABILITIES
Trade Payables1,110374
Accrued Expenses and Other Current Liabilities292299
Short-term Bank Credit4-
Loans from Shareholders809-
Current Maturities of Long-term Loans113292
Current Maturities of Convertible Notes219-
Total Current Liabilities2,547965
NON CURRENT LIABILITIES
Long-term Loans-net of Current Maturities669785
Convertible Notes260494
Deferred Taxes2521
Minority Interest-(26)
Accrued Severance Pay4445
SHAREHOLDERS' EQUITY
Common Stock - Par Value4141
Additional Paid in Capital8,0488,048
Accumulated Deficit(4,250)(2,276)
Accumulated Other Comprehensive Income (Loss)238195
Total Shareholders Equity4,0776,008
Total Liabilities & Shareholders Equity7,6228,292
 
  
 
 Interim Report

 
Interim Report   
 
Data Not Available
 
 
 
 
  
 
 Pro Forma Report

 
Pro Forma Report   
 
Data Not Available
 
 
 
 
  
 
 Quarterly Report

 
Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2009   1680,000
  2009   2890,000
  2008   1880,000
  2008   2940,000
  2008   31,010,000
  2008   4870,000
  2008   Full Year 3,700,000
  2007   1800,000
  2007   2980,000
  2007   3960,000
  2007   41,030,000
  2007   Full Year 3,780,000
  2006   1650,000
  2006   2790,000
  2006   3900,000
  2006   4920,000
  2006   Full Year 3,260,000
  2005   1560,000
  2005   2720,000
  2005   3800,000
  2005   4730,000
  2005   Full Year 2,810,000
  2004   1320,000
  2004   2370,000
  2004   3450,000
  2004   4520,000
  2004   Full Year 1,600,000
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  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   1530,000
  2007   2(60,000)
  2007   3(20,000)
  2007   40
  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   380,000
  2005   Full Year (128,000)
  2004   Full Year (730,000)
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2009   1(.01)
  2009   2Nil
  2008   1(.01)
  2008   2(.01)
  2008   3(.01)
  2008   4(.02)
  2008   Full Year (.05)
  2007   1.01
  2007   2Nil
  2007   3Nil
  2007   4Nil
  2007   Full Year .01
  2006   1Nil
  2006   2Nil
  2006   3Nil
  2006   4Nil
  2006   Full Year (.01)
  2005   1Nil
  2005   2Nil
  2005   3Nil
  2005   4Nil
  2005   Full Year Nil
  2004   1(.01)
  2004   2(.01)
  2004   3Nil
  2004   4(.01)
  2004   Full Year (.03)
 
  
 
 Stock Data

 
 
Capitalization as of 03/31/2009:
 
 Authorized SharesOutstanding Shares
Preferred $0.001 par5,000,000None
Common $0.001 par105,000,00069,453,364
 
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
 
ExchangeYearHighLow
OTC Bulletin Board20080.30000.0220
OTC Bulletin Board20070.45000.2300
OTC Bulletin Board20060.55000.3400
OTC Bulletin Board20051.30000.2700
OTC Bulletin Board20041.45000.4500
 
DIVIDENDS: Common $0.001 par: None.