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| | Business Summary: Quamtel, Inc., through its wholly owned subsidiary, WQN, Inc., provides prepaid and postpaid enhanced telecommunications services with an emphasis on transporting calls that originate from the United States and Canada and terminate in specific regions of the world. | | | Address
14911 Quorum Drive, Suite 140
Dallas
, TX 75254
Phone: 972-361-1980
| | Auditor |
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Jewett Schwartz & Associates
Hollywood
, Florida | | Transfer Agent |
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Nevada Agency & Trust Co.
| Employees: 17
ShareHolders: 90 | Founded: 1999
Domicile: Nevada | | | |
| | Quamtel, Inc., through its wholly owned subsidiary, WQN, Inc., provides prepaid and postpaid enhanced telecommunications services with an emphasis on transporting calls that originate from the United States and Canada and terminate in specific regions of the world. Customers utilize WQN's Voice Over Internet Protocol (VoIP) network to place international calls at discounted rates. According to the company, the voice quality of WQN's VoIP calls is virtually the same as an international telephone call carried over a traditional telephone line.
Quamtel, formerly known as Atomic Guppy, Inc., acquired WQN in July 2009. Prior to the acquisition, the company did not have significant operations.
A substantial portion of WQN's revenue is derived from the sale of prepaid service to customers calling from the United States to India. WQN's products and services are provisioned and sold online via its websites.
In December 2009, the company acquired all of the outstanding membership interests of Mobile Internet Devices, LLC. Mobile Devices was subsequently renamed and reorganized as Data Jack, Inc. Data Jack specializes in delivering nationwide mobile 3G data coverage for a fixed monthly price through a proprietary USB device connected to a computer with a Windows or Mac operating system.
The company's revenues are derived primarily from its prepaid international calling services and its consumer-based Internet telephony and wireless Internet access services. | | History: INCORPORATED in Nevada Nov. 16, 1999, as Glen Manor Resources Inc.; name changed to XTX Energy, Inc. Apr. 28, 2006, to Atomic Guppy, Inc. May 16, 2007, and to Quamtel, Inc. Sept. 8, 2009.
March 16, 2007, acquired certain assets including a pending patent and various domain names for 142,000,000 (pre-reverse split) Common shares.
July 28, 2009, acquired WQN, Inc. (incorporated in Texas in June 2007) for 150,000,000 Common shares.
December 9, 2009, acquired all of the outstanding membership interests of Mobile Internet Devices, LLC, a Florida limited liability company, for a combination of Common stock, stock warrants, and a royalty based on future earnings and new subscribers of the acquired company. Mobile Devices was subsequently renamed and reorganized as Data Jack, Inc., a Texas corporation. | | | | Subsidiaries: |
|---|
Data Jack, Inc.
WQN, Inc.
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Management
|
|---|
| Officers | Position |
|---|
| Robert Picow | Chairman | | Stuart Ehrlich | President & Chief Executive Officer | | Marcin Pycko | Chief Technology Officer | | Gladys Perez | Secretary |
| | Directors |
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| Stuart Ehrlich | | Gladys Perez | | Robert Picow | | | |
| | | | Capitalization as of 03/31/2010: | | | | | Authorized Shares | Outstanding Shares |
|---|
| Preferred $0.001 par | 50,000,000 | None | | Common $0.001 par | 200,000,000 | 18,981,175 |
| | | | LONG TERM DEBT: $867,937. | | | | Common $0.001 par | | | |
Stockholders:
02/28/2010,
90.
| | PRINCIPAL STOCKHOLDERS: February 28, 2010, eTeltec, Inc. owned or controlled 43.1% of the Common, and Gilder Funding Corp. 23.5%. | | | |
Transfer Agent: Nevada Agency & Trust Co.
Reno
, NV | | | | OTC Bulletin Board( Primary): QUMI | | | | Exchange | Year | High | Low |
|---|
| OTC Bulletin Board | 2009 | 2.7100 | 1.0200 | | OTC Bulletin Board | 2008 | 0.5000 | 0.0020 | | OTC Bulletin Board | 2007 | 3.2000 | 0.2500 | | OTC Bulletin Board | 2006 | 10.0000 | 2.0000 |
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| | | | DIVIDENDS: Common $0.001 par: No cash.
Common reverse split 1-for-20, June 25, 2007.
Common reverse split 1-for-10, Sept. 9, 2009. | | | | | |
| | Annual Report |
|---|
| | | Income Statement | |
| 2009 | 2008 |
|---|
| Revenues | 2,462 | 3,756 | | Cost of sales | 1,639 | 2,412 | | Gross profit | 823 | 1,344 | | Oper. expenses | 2,639 | 1,232 | | Depr. & amort. | 90 | 58 | | Interest exp. | 27 | 12 | | Income tax | 1 | 14 | | Net income | (1,932) | 28 | | Share earns. basic | ($0.12) | $0.03 | | Share earns. diluted | ($0.12) | $0.03 |
| | | | Balance Sheet | |
| 2009 | 2008 |
|---|
| Assets: |
|
| | Cash & equiv. | 94 | 12 | | Income tax | 12 | - | | Accts. rec., net | 30 | 38 | | Inventories | 62 | - | | Other curr. assets | 450 | 156 | | Tot. curr assets | 648 | 206 | | Net property | 404 | 230 | | Intangible assets | 2,653 | 368 | | Total assets | 3,705 | 804 | | Liabilities: |
|
| | Notes pay. | 250 | 26 | | Accrued expenses | 114 | 30 | | Unearned revenue | 446 | 280 | | Accts. pay. | 383 | 20 | | Advances from related party | 759 | 11 | | Other curr. liabs. | 26 | 1 | | Tot. curr. liabs. | 1,978 | 368 | | Notes pay. | 14 | 34 | | Com. stk. p.$0.001 | 19 | 16 | | Paid-in cap. | 3,624 | 384 | | Retained earns. | (1,930) | 2 | | Total liabs. | 3,705 | 804 |
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| | Interim Report
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|---|
| | | Data Not Available | | | | | | | | | |
| | Pro Forma Report
|
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| | | Data Not Available | | | | | | | | | |
| | Quarterly Report Information
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| | | Quarterly Revenue, US$ |
|---|
| Year | Quarter | Revenue | | 2009 |
1 | 710,000 | | 2009 |
2 | 690,000 | | 2009 |
3 | 500,000 | | 2008 |
1 | Nil | | 2008 |
2 | Nil | | 2008 |
3 | Nil | | 2008 |
4 | Nil | | 2008 |
Full Year
| Nil | | 2007 |
1 | Nil | | 2007 |
2 | Nil | | 2007 |
3 | Nil | | 2007 |
4 | Nil | | 2007 |
Full Year
| Nil | | 2006 |
1 | 20,000 | | 2006 |
2 | 10,000 | | 2006 |
3 | 10,000 | | 2006 |
Full Year
| 50,000 |
| | | | | | Quarterly Net Income, US$ |
|---|
| Year | Quarter | Revenue | | 2009 |
1 | (60,000) | | 2009 |
2 | (120,000) | | 2009 |
3 | (1,290,000) | | 2008 |
1 | (90,000) | | 2008 |
2 | (70,000) | | 2008 |
3 | (70,000) | | 2008 |
4 | (10,000) | | 2008 |
Full Year
| (240,000) | | 2007 |
1 | 0 | | 2007 |
2 | (170,000) | | 2007 |
3 | (290,000) | | 2007 |
4 | (4,010,000) | | 2007 |
Full Year
| (4,470,000) | | 2006 |
Full Year
| (280,000) |
| | | | | | Quarterly EPS, US$ |
|---|
| Year | Quarter | Revenue | | 2009 |
1 | N/A | | 2009 |
2 | N/A | | 2009 |
3 | (.08) | | 2008 |
1 | (.10) | | 2008 |
2 | (.10) | | 2008 |
3 | (.40) | | 2008 |
4 | (.60) | | 2008 |
Full Year
| (1.00) | | 2007 |
1 | Nil | | 2007 |
2 | Nil | | 2007 |
3 | (.40) | | 2007 |
4 | (.10) | | 2007 |
Full Year
| (.60) | | 2006 |
1 | (.10) | | 2006 |
2 | (.40) | | 2006 |
3 | (.20) | | 2006 |
4 | (.30) | | 2006 |
Full Year
| (.50) |
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