MediaG3 President, Joseph Anzalone
stated the following: "2009 was a turbulent year for most companies as
we all struggled with the challenges of this volatile economic
environment. Notwithstanding these challenges, MediaG3 made great
strides in the development of its business and operating plan, which is
expected to yield prosperous and exciting results in 2010."
The Company accomplished streamlining its operations for efficiency in
serving the broadband markets we had previously announced, as well as
positioning the Company for further expansion in 2010 to provide a
powerful WiMax services platform to our portfolio of wireless
technology. Our Company is poised for exponential growth in the year to
come," added Mr. Anzalone.
"Though the capital markets have been unpredictable, and in some
respects, have resulted in a disappointing share price for investors, we
believe that investors who have a longer term perspective will be
accordingly rewarded as the Company continues to build momentum and the
market begins to reflect its increasing value," concluded Mr. Anzalone.
Below are the current corporate statistics as reported on
PinkSheets.com:
-- Estimated Market Cap $8.58M as of Dec 22, 2009
-- Outstanding Shares 858,195,378 as of Dec 22, 2009
-- Authorized Shares 1,000,000,000 as of Dec 22, 2009
-- Float(shares) 259,934,822 as of Dec 22, 2009
-- Number of Shareholders of Record 170 as of Dec 22, 2009
Any questions regarding these figures can be directed to First American
Stock Transfer in Phoenix, Az. at 602 485 1346.
The Company recently announced that it had obtained research concluding
with a buy recommendation from Cohen Independent Research Group, Inc. As
reported, "We (MediaG3) expect robust revenue growth from $7.4 million
in 2010 to $39.1 in 2014 representing a CAGR of 51.6%. Our model assumes
the Company raises capital through equity/debt of approximately $15.0
million during this period. The Company is eligible to receive grants
from the US government. Operating margins are expected to increase from
22% in 2010 to 29% in 2014. We have valued the stock using Discounted
Cash Flow (DCF) method to arrive at our long-term price target of
$0.086, reflecting forward P/E multiples of 12.8x and 6.8x our estimated
2011 and 2012 EPS, respectively," says Cohen Research Group.
This puts the Company's value in the realm of ten times higher than its
current trading range. The entirety of the Cohen Research report for
MediaG3, Inc. is available on MediaG3 web site (www.mediag3.com) and
Cohen Independent Research, Inc.
(http://www.grassrootsrd.com/CompanyDetails.aspx?cid=40).
Furthermore, The Company reports that the China Pilot Project currently
underway plan to serve 44M people in Yunnan province through our
commercial operator, Yunnan Provincial Cable Company. The
commercialization of MediaG3's China plan also includes an opportunity
to showcase MediaG3's WiMax services platform in parts of rural China,
markets which are showing substantial broadband demand and growth over
the coming years.
About MediaG3, Inc.
MediaG3, Inc. develops, markets, and delivers broadband wireless
technology products and services for today's fixed and mobile customers.
MediaG3 has patent protected broadband wireless technologies and has
received the US government grant and Chinese government approval for the
company's China Pilot project intended to serve 900 million Chinese
people in rural and interior regions. Under the brand of Imperial
Wireless, MediaG3 offers Internet access and Internet telephone via
fixed and WiMax mobile wireless in 19 states and over 500 cities with
expansion plans into all 50 states in the US by 2010. MediaG3 is based
in Santa Clara, California, with an operation facility in Boise, Idaho
and an office in Shenzhen, China. For more information on the company,
please visit www.mediag3.com. |
