OTC Bulletin Board

S & P Company Insight for RVUE HOLDINGS INC
 
 Profile

 
Business Summary: RVUE Holdings, Inc., through its wholly owned subsidiary rVue, Inc., provides an addressable advertising exchange for digital out-of-home and place-based media. The company's advertising exchange connects advertisers and advertising agencies with digital signage.
 
Address
  900 S.E. Third Avenue, 3rd Floor
  Fort Lauderdale , FL 33316
  Phone: 954-525-6464
  Website: http://www.rvue.com
Auditor
  De Joya Griffith & Company, LLC
Transfer Agent
  Holladay Stock Transfer, Inc.
Employees:  12
ShareHolders:  22
Founded:  2008
Domicile:  Nevada
 
  
 
 Background

 
RVUE Holdings, Inc., through its wholly owned subsidiary rVue, Inc., provides an addressable advertising exchange for digital out-of-home and place-based media. The company's advertising exchange connects advertisers and advertising agencies with digital signage. RVUE Holdings provides an online, Internet Protocol (IP) based advertising exchange that connects advertisers and advertising agencies with digital out-of-home (DOOH) media or networks, allowing them to create and display digital media advertising campaigns in a targeted manner. As of March 2010, 49 networks comprising 180,000 screens representing the top 50 Designated Market Areas (DMAs) were accessible through the exchange and relationships with over 10 advertising agencies. The networks enrolled within the rVue platform offer advertisers screens in a variety of locations, including doctor offices, casinos, malls, digital billboards, health clubs and retail stores, among others. The company's products allow programming and advertising to be customized for display in specific venues, at specific times, and for demographic targeting. RVUE Holdings provides the tools for advertisers and advertising agencies to customize campaigns for details as specific as location, customer preference, product availability, current events and other retailer needs. Broadband technology, integrated with the company's proprietary software, enables RVUE Holdings to add, delete or rotate programming segments in real time via broadband and to verify network statistics necessary to monitor advertising on the networks and assist in evaluating the performance or refinements required for an advertising campaign in real time. The company has licensed its technology to LEVOIP Corporation for a network of up to 50,000 DOOH screens in Italy and under a contract for 3,000 screens with PosteCom SpA, the Italian Post Office, from which RVUE Holdings expects to derive significant license revenue commencing in late 2010. LEVOIP will generate revenues from three sources: one-time initial site commissioning fees for first-time sites, recurring monthly license fees at a fixed dollar per site for each month a site utilizes the software, and, most significantly, from advertising revenues wherein RVUE Holdings receives 25% of the advertising monies generated by the LeVOIP network. RVUE Holdings also provides content production and technical services to Accenture, AutoNation, Inc., and Mattress Firm under contractual arrangements.
History:  INCORPORATED in Nevada Nov. 12, 2008, as Rivulet International Inc.; name changed to RVUE Holdings, Inc. Mar. 29, 2010. On May 13, 2010, the company acquired rVue, Inc., a Delaware corporation, for 12,500,000 Common shares. The company succeeded to the business of rVue, Inc. and disposed of its pre-transaction assets.
 
Subsidiaries:
rVue, Inc.
 
 
 
 
  
 
 Management

 

Management
OfficersPosition
 Richard J. SullivanChairman
 Jason M. KatesPresident & Chief Executive Officer
 David A. LoppertSecretary, Treasurer & Chief Financial Officer
 Jay  WilsonSR VP & Chief Technology Officer
 Dawn  RahickiSR VP

Directors
 Robert  Chimbel
 Jason M. Kates
 Richard J. Sullivan
 
  
 
 Annual Report

 
Annual Report
 
Income Statement
  20102009
Revenues1-
Expenses:
General and administrative111
Loss from operations(10)(1)
Net income(10)(1)
Share earns. basicNilNil
Share earns. dilutedNilNil
Avge. com. shs.3,35338
 
Balance Sheet
  20102009
Assets:
Cash & equiv.143
Tot. curr. assets143
Total assets143
Liabilities:
Advance from director11
Tot. curr. liabs.11
Stockholders Equity:
Com. stk. p.$0.00143
Paid-in cap.20-
Retained earns.(11)(1)
Total Stockholders Equity132
Total liabs.141
Common Shares (Thou.)3,5103,000
 
 * Effective May 13, 2010, Rvue Holdings Inc. (formerly Rivulet International, Inc.) acquired all of the issued and outstanding capital stock and the business of rVue, Inc., for the consideration of 12,500,000 shares of the company's common stock. The transaction is being accounted for as a reverse recapitalization of rVue, Inc. For accounting and financial reporting purposes rVue, Inc. is the acquiror and the company is the acquired company. The company succeeded to the business of rVue, Inc. Above financial statements represent the operations and accounts of Rivulet International, Inc. The following financials are those of rVue, Inc., for the period ended Dec. 31.
 
  
 
 Interim Report

 
Interim Report   
 
Data Not Available
 
 
 
 
  
 
 Pro Forma Report

 
Pro Forma Report    04/01/2009  -  03/31/2010
 
Income Statement
  20102009
Revenue14596
Cost of revenue3814
Gross profit10782
Selling, general and administrative expenses317209
Depreciation and amortization134
Interest expense6665
Income tax-14
Net income(289)(210)
Share earns. basic($0.01)($0.01)
Share earns. diluted($0.01)($0.01)
Avge. com. shs. (Thou.)24,89924,898
 
Balance Sheet
  20102009
Assets:
Cash & equiv.1,1071,190
Accts. rec., net2-
Prepaid expenses and other current assets11
Tot. curr. assets1,1101,191
Property and equipment, net1316
Software development costs314290
Total assets1,4371,497
Liabilities:
Cap. lease obligs.46
Accounts payable1812
Accruals55
Tot. curr. liabs.2723
Stockholders' Equity:
Com. stk. p.$0.0012525
Paid-in cap.1,4991,499
Retained earns.(114)(50)
Total Stockholders' Equity1,4101,474
Total liabs.1,4371,497
Common Shares (Thou.)24,89924,899
 
 * Pro forma financial statements reflect the May 13, 2010 reverse acquisition of rVue, Inc.
 
  
 
 Quarterly Report

 
Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2010   1140,000
  2009   Full Year 100,000
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  2010   1Nil
  2009   Full Year 10,000
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2010   1(.01)
  2009   Full Year Nil
 
  
 
 Stock Data

 
 
Capitalization as of 03/31/2010:
 
 Authorized SharesOutstanding Shares
Common $0.001 par140,000,00024,898,730
Preferred $0.001 par10,000,000None
 
LONG TERM DEBT: None. NOTE: The above Capitalization reflects a 12.255-for-1 split of the Common stock Apr. 9, 2010, the acquisition of rVue, Inc. May 13, 2010, the transfer of all pre-transaction assets and liabilities in exchange for the cancellation of certain Common shares, and the sale of 6,332,500 Common shares in a private placement.
 
Common $0.001 par
 
Stockholders:  06/24/2010, 22.
PRINCIPAL STOCKHOLDERS: June 24, 2010, Argo Digital Solutions, Inc. owned 50.2% of the Common, Edward M. Karr 9.9% and Ridge Clearing & Outsourcing Solutions 7.9%.
 
Transfer Agent:  Holladay Stock Transfer, Inc.   Scottsdale , AZ
 
OTC Bulletin Board( Primary): RVUE
 
 
DIVIDENDS: Common $0.001 par: No cash. Common split 12.255-for-1, ex-Apr. 9, 2010.