OTC Bulletin Board S & P Company Insight for VILLAGEEDOCS INC
Profile
	Business Summary: VillageEDOCS, Inc. provides electronic delivery of strategic business information.   Address   1401 N. Tustin Ave., Ste 230   Santa Ana , CA 92705   Phone: 714-734-1030   Website: http://www.villageedocs.com Auditor   Corbin & Company Transfer Agent   U.S. Stock Transfer Corp. Employees:  57 ShareHolders:  342 Founded:  1994 Domicile:  California
Background
	VillageEDOCS, Inc. provides electronic delivery of strategic business information. It offers MessageVision Platform (MVP), a SaaS (Software as a Service) offering that ships business information electronically and manages it by capturing, forming, and delivering information using business process management and communication. MVP provides a single source for a range of business information management and communication applications on a pay-as-you-go financial model. The company also delivers enhanced voice and data services through its branded unified communications service, GoSolo; and offers tools and technology to manage the financial, administrative, and information delivery needs of municipalities. In addition, it provides an array of content management, knowledge management, document management, records management, document imaging, electronic workflow, and electronic agenda management solutions to meet the needs of small businesses and mid-size enterprises. VillageEDOCS serves industries, such as financial services, healthcare, manufacturing, and local governments, through its telesales, field sales, and tele-marketing professionals, as well as through strategic partners. The company was founded in 1994 and is headquartered in Santa Ana, California. History:  INCORPORATED in California Aug. 26, 1997 as SoftTek Technologies Inc., a wholly owned subsidiary of SoftTek, Inc. (former parent). On Sept. 24, 1997, the company merged former parent on a share-for-share basis. Name changed to VillageFax.com July 1, 1999; and to VillageEDOCS July 17, 2000. Former parent was incorporated in Delaware June 2, 1994. February 2004, acquired Tailored Business Systems, Inc. of Georgia, for $1.5 million cash, $0.6 million in secured notes, and 11 million restricted common shares. At closing, 40% of the shares (4.4 million) were paid, and payment of the remaining shares (6.6 million) were contingent upon the company meeting certain net revenue goals over a three year period.   Subsidiaries: MessageVision, Inc. Phoenix Forms, Inc. Tailored Business Systems, Inc.     Capital Expenditures, thousand. US Dollars   Year   Amount   2009   70   2008   134   2007   148   Research and Development Expenditures, thousand. US Dollars   Year   Amount   2009   1,851   2008   1,675   2007   1,725
Management
	Management Officers Position  John Thomas Zender Chairman  K. Mason Conner President & Chief Executive Officer  Michael A. Richard Secretary, Chief Financial Officer, Chief Accounting Officer & Investor Relations Contact  H. Jay Hill Exec VP  Dean  Parsons SR VP  Andre  Pavlovic SR VP Directors  K. Mason Conner  Gerik M. Degner  H. Jay Hill  Ricardo  Salas  John Thomas Zender
Annual Report
	Annual Report   Income Statement   2009 2008 REVENUES Net Sales 10,291,250 9,799,854 EXPENSES Cost of Sales (2,942,089) (2,691,875) Sales and Marketing (1,967,083) (1,624,005) General and Administrative Expenses (3,993,577) (4,139,953) Product & Technology Development (1,851,477) (1,535,265) Depreciation and Amortization (828,738) (743,627) Interest Expense, Net (144,579) (268,927) Change in Fair Value of Derivative Liability 3,100 - Other Income/expense-net 42,291 129,815 Earnings before Taxes (1,390,900) (1,073,983) TAXES AND OTHER EXPENSES Provision for Income Tax 63,000 80,000 Earnings of Discontinued Operations (708,745) 377,741 Net Income (Loss) (2,036,645) (616,242) SUPPLEMENTARY INFO Gross Profit/loss 7,349,163.00 7,107,979.00 Operating Income (Loss) (1,291,712.00) (934,871.00) Basic EPS - Continuing Operations (0.01) Nil Basic Earnings Per Share ? Total (0.01) Nil Diluted EPS - Continuing Operations (0.01) Nil Diluted Earnings Per Share ? Total (0.01) Nil   Balance Sheet   2009 2008 CURRENT ASSETS Cash and Cash Equivalents 1,307,834 567,447 Accounts Receivables 405,000 573,580 Prepaid Expenses and Other Current Assets 86,925 231,501 Debt Issuance Costs, Net - 17,883 Current Assets of Discontinued Operations - 611,953 Total Current Assets 1,799,759 2,002,364 NON CURRENT ASSETS Property and Equipment, net 217,368 303,322 Goodwill 4,523,527 4,523,527 Other Intangibles-net 2,929,508 3,569,228 Non-current Assets of Discontinued Operations - 3,064,171 Other Assets 25,014 28,811 Total Assets 9,495,176 13,491,420 CURRENT LIABILITIES Accounts Payable 403,265 362,402 Current Portion of Accrued Expenses and Other Liabilities 500,591 1,536,258 Line-of-credit 130,592 716,234 Convertible Notes Payable and Accrued Interest Payable to Related Parties - 178,370 Notes Payable to Related Parties, Current 264,309 438,682 Deferred Revenue 705,314 809,183 Current Liabilities of Discontinued Operations - 763,355 Total Current Liabilities 2,004,071 4,804,484 NON CURRENT LIABILITIES Notes Payable to Related Parties 340,000 604,310 Preferred Stock Convertible - 33,500 Accrued Expenses and Other Liabilities, Net of Current Portion 806,045 81,318 Non-current Liabilities of Discontinued Operation - 1,737 Derivative Liability 4,650 - SHAREHOLDERS' EQUITY Common Stock - Par Value 22,655 18,027 Additional Paid in Capital 34,022,480 33,618,740 Accumulated Deficit (27,704,730) (25,670,700) Total Shareholders Equity 6,340,410 7,999,574 Total Liabilities & Shareholders Equity 9,495,176 13,491,420
Interim Report
	Interim Report      Data Not Available
Pro Forma Report
	Pro Forma Report      Data Not Available
Quarterly Report
	Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2010   1 2,160,000   2009   1 3,860,000   2009   2 4,080,000   2009   3 3,660,000   2009   Full Year 10,290,000   2008   1 3,280,000   2008   2 3,410,000   2008   3 4,270,000   2008   4 4,210,000   2008   Full Year 15,180,000   2007   1 3,820,000   2007   2 3,810,000   2007   3 4,040,000   2007   Full Year 14,180,000   2006   1 2,070,000   2006   2 3,030,000   2006   3 3,890,000   2006   4 3,920,000   2006   Full Year 12,910,000   2005   1 1,410,000   2005   2 2,280,000   2005   3 2,620,000   2005   4 2,460,000   2005   Full Year 8,770,000     Quarterly Net Income, US$ Year Quarter Revenue   2010   1 (450,000)   2009   1 (420,000)   2009   2 (30,000)   2009   3 (280,000)   2009   Full Year (1,330,000)   2008   1 (490,000)   2008   2 (160,000)   2008   3 320,000   2008   4 (280,000)   2008   Full Year (620,000)   2007   1 (500,000)   2007   2 (480,000)   2007   3 (40,000)   2007   Full Year (1,660,000)   2006   1 (270,000)   2006   2 (360,000)   2006   3 (40,000)   2006   Full Year (882,100)   2005   1 (600,000)   2005   2 (880,000)   2005   3 (680,000)   2005   Full Year (8,144,900)     Quarterly EPS, US$ Year Quarter Revenue   2010   1 Nil   2009   1 Nil   2009   2 Nil   2009   3 Nil   2009   Full Year (.01)   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   Full Year (.01)   2006   1 Nil   2006   2 Nil   2006   3 Nil   2006   4 Nil   2006   Full Year (.01)   2005   1 (.01)   2005   2 (.01)   2005   3 (.01)   2005   4 (.06)   2005   Full Year (.10)
Stock Data
	Capitalization as of 03/31/2010:     Authorized Shares Outstanding Shares Preferred $0.001 par 48,000,000 None Common no par 500,000,000 226,546,613   LONG TERM DEBT: $359,445.   Common no par   COMMON SOLD: From August 2, 2000 through October 6, 2000, the company offered up to 500,000 Common shares to investors at $2.50 per share, pursuant to Section 4(2) of the Securities Act of 1933 and Regulation D promulgated there under. The company sold 243,000 Common shares in the offering, resulting in proceeds to the company of $607,500.   Stockholders:  02/28/2010, 342. Transfer Agent:  U.S. Stock Transfer Corp.   Glendale , CA   OTC Bulletin Board( Primary): VEDO   Exchange Year High Low OTC Bulletin Board 2009 0.0300 0.0010 OTC Bulletin Board 2008 0.0700 0.0100 OTC Bulletin Board 2007 0.1300 0.0200 OTC Bulletin Board 2006 0.2500 0.0700 OTC Bulletin Board 2005 0.2300 0.1100 OTC Bulletin Board 2004 0.2200 0.0950 OTC Bulletin Board 2003 0.3000 0.0600 OTC Bulletin Board 2002 0.3500 0.0100   DIVIDENDS: Common no par: None.