OTC Bulletin Board

S & P Company Insight for QUAMTEL, INC.
 
 Profile

 
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
  Jewett Schwartz & Associates
  Hollywood , Florida
Transfer Agent
  Nevada Agency & Trust Co.
Employees:  17
ShareHolders:  90
Founded:  1999
Domicile:  Nevada
 
  
 
 Background

 
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.
 
 
 
 
  
 
 Management

 

Management
OfficersPosition
 Robert  PicowChairman
 Stuart  EhrlichPresident & Chief Executive Officer
 Marcin  PyckoChief Technology Officer
 Gladys  PerezSecretary

Directors
 Stuart  Ehrlich
 Gladys  Perez
 Robert  Picow
 
  
 
 Annual Report

 
Annual Report
 
Income Statement
  20092008
Revenues2,4623,756
Cost of sales1,6392,412
Gross profit 8231,344
Oper. expenses2,6391,232
Depr. & amort.9058
Interest exp.2712
Income tax114
Net income(1,932)28
Share earns. basic($0.12)$0.03
Share earns. diluted($0.12)$0.03
 
Balance Sheet
  20092008
Assets:
Cash & equiv.9412
Income tax12-
Accts. rec., net3038
Inventories62-
Other curr. assets450156
Tot. curr assets648206
Net property404230
Intangible assets2,653368
Total assets3,705804
Liabilities:
Notes pay.25026
Accrued expenses11430
Unearned revenue446280
Accts. pay.38320
Advances from related party 75911
Other curr. liabs.261
Tot. curr. liabs.1,978368
Notes pay.1434
Com. stk. p.$0.0011916
Paid-in cap.3,624384
Retained earns.(1,930)2
Total liabs.3,705804
 
  
 
 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   1710,000
  2009   2690,000
  2009   3500,000
  2008   1Nil
  2008   2Nil
  2008   3Nil
  2008   4Nil
  2008   Full Year Nil
  2007   1Nil
  2007   2Nil
  2007   3Nil
  2007   4Nil
  2007   Full Year Nil
  2006   120,000
  2006   210,000
  2006   310,000
  2006   Full Year 50,000
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  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   10
  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$
YearQuarterRevenue
  2009   1N/A
  2009   2N/A
  2009   3(.08)
  2008   1(.10)
  2008   2(.10)
  2008   3(.40)
  2008   4(.60)
  2008   Full Year (1.00)
  2007   1Nil
  2007   2Nil
  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)
 
  
 
 Stock Data

 
 
Capitalization as of 03/31/2010:
 
 Authorized SharesOutstanding Shares
Preferred $0.001 par50,000,000None
Common $0.001 par200,000,00018,981,175
 
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
 
ExchangeYearHighLow
OTC Bulletin Board20092.71001.0200
OTC Bulletin Board20080.50000.0020
OTC Bulletin Board20073.20000.2500
OTC Bulletin Board200610.00002.0000
 
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.