10 bagger
13 years ago
NTFY.. $0.3628..
Notify Technology Announces Availability of Its New Mobile Device Management Solution - NotifyMDM On-Demand
Full Featured Product Now Available for Free Trial to IT Administrators Wanting Centralized Management and Control of all their Mobile Devices.
SAN JOSE, Calif., Feb. 1, 2011 /PRNewswire/ -- Notify Technology Corporation (OTC Bulletin Board: NTFY), a leading mobility solutions provider, today announced it has launched its new hosted mobile device management (MDM) solution called NotifyMDM On-Demand. Users can now click here, NotifyMDM Free Trial to sign-up for a free trial. NotifyMDM On-Demand will provide organizations and enterprises of any size with unprecedented simplicity in centralized management and control of an array of wireless device platforms, such as iPhone/iPad, Android, BlackBerry, webOS, and Windows Mobile, Windows Phone 7 and select Symbian wireless devices, to help address their needs for security, visibility, and device management.
&;Since announcing our new NotifyMDM product in mid-December, we have had overwhelming interest in the product from organizations all over the world who have signed up for the free trial offer.&; said Paul DePond, President and founder of Notify Technology. &;We are very excited to get feedback from these early NotifyMDM users since they represent a global interest for mobile device management.&;
Growing Mobile Device Management Issues
Notify is committed to addressing today&;s mobile device management issues and one key issue is the proliferation of individuals purchasing wireless devices for personal as well as business use. Notify has recognized the dilemma that exists within organizations and enterprises trying to manage their ever increasing number and type of mobile devices being used in their environments. These same organizations and enterprises are now concerned that they are in need of more security, visibility, and control of these wireless devices. Since many of these devices are personally owned the issue of control over business information versus personal information stored on the wireless device has become one of the top concerns to address. NotifyMDM provides IT administrators with the tools to manage and differentiate personally owned devices as well as corporate owned devices within the same enterprise or organization.
Highly Experienced in the Mobility Market
Notify has leveraged its ten years of experience in enterprise mobility and developed NotifyMDM to focus entirely on the security, compliance, management, supportability, and monitoring of any mobile device being used by organizations and enterprises of all sizes. The key design objectives of NotifyMDM have been focused on making it simple, effective, affordable, and reliable. Notify has been recognized in the Gartner Magic Quadrant for wireless email synchronization market for the past six years. In addition, Notify has been offering On Demand solutions for over six years and has demonstrated an average SLA of over 99.9% uptime.
NotifyMDM Free Trial
Users can now click here, NotifyMDM Free Trial to sign-up for the free trial with up to 50 devices. NotifyMDM On-Demand is a hosted solution provided by Notify and designed for organizations or enterprises of all sizes. After the free trial period is over, organizations will have the option to purchase an annual subscription for NotifyMDM On-Demand. NotifyMDM will work with any email platform that supports ActiveSync including Novell GroupWise Data Synchronizer, Microsoft Exchange 2003/2007/2010, Live@EDU, Microsoft On-Line BPOS, Lotus Domino Traveler 8.5.2, Axigen, Kerio, CommuniGate, Google Premier Apps, IceWarp, Ipswitch, Open-Xchange, Scalix, Zarafa, and Zimbra.
For More Information
For more information about any Notify products, please contact Notify directly at (408) 777-7930 or send an email to sales@notifycorp.com or visit our website at www.notifycorp.com.
About Notify Technology Corporation
Founded in 1994, Notify Technology Corporation (OTC BB: NTFY) is an independent software vendor (ISV) who has specialized in wireless mobility solutions and services for the past 10 years. Notify&;s products support all major smartphone platforms independent of wireless carrier or network. Notify sells its mobility products directly and through authorized resellers internationally. Notify is an official Apple iPhone Enterprise Development Partner, Android Development Partner, BlackBerry Development Partner, Symbian Alliance Member, and HP/Palm Select Partner. The Company is headquartered in San Jose, California.
Media Contacts:
Edward Toro Woodrow Mosqueda
Notify Technology Corporation Loughlin-Michaels Group
Tel: 408-777-7929 Tel: 408-738-9138
etoro@notifycorp.com woody@lmgpr.com
10 bagger
13 years ago
NTFY.. $0.28..
This is one stock that I have no problem owning.. Have been making a two sided market in it for 2 years and I do hope this large seller becomes pissed off enough to drive the price PS lower.. This is a true Micro Cap Growth company with bells and whistles.. Have never owned more than 28K in position but now that I know who the seller might be and why ,, It's worth owning more around the bid.. At present I only have 6301 in position.. hank
Notify Technology Corporation (OTC Bulletin Board: NTFY) today announced financial results for its fiscal year ended September 30, 2010.
Total fiscal twelve-month revenue increased 20% to $7,245,983 in the twelve-month period ended September 30, 2010 from $6,032,257 during the same period in the prior year. Net income for the twelve month period ended September 30, 2010 was $616,038 or $0.04 per diluted share. The company's financial performance is an improvement from net income of $70,685 or $0.01 per diluted share, reported for the same period in the prior year. The increase in net income for the fiscal year reflects the Company's continued success in growing and renewing customer accounts.
The company also experienced a 61% increase in cash and cash equivalents at September 30, 2010 as compared to cash and cash equivalents at September 30, 2009.
"It gives me great pleasure to report the financial results of fiscal 2010. We have now reported our second consecutive profitable year," said Paul DePond, President and Chief Executive Officer of the company. "It is an achievement we are very satisfied with."
Sales and Marketing expenses were $2,510,970 in the twelve-month period ended September 30, 2010 compared to $2,322,315 in the twelve-month period ended September 30, 2009. The increase was primarily the result of an increase in salary and commission expenses.
Research and Development expenses were $2,256,301 in the twelve-month period ended September 30, 2010 compared to $1,917,614 in the twelve-month period ended September 30, 2009. The increase was due to the increased salary expense as we expanded our design and testing staff to meet the demands of a rapidly expanding smart phone market. Our development efforts were devoted to increasing the feature set of our software products, porting our solution to new devices and creating new products.
General and Administrative expenses increased to $1,814,600 in the twelve-month period ended September 30, 2010 compared to $1,574,958 for the twelve-month period ended September 30, 2009. The increase was primarily due to compensation expense related to personnel growth and bonuses for improved financial performance.
About Notify Technology Corporation
Founded in 1994, Notify Technology Corporation, (OTC BB: NTFY.OB) is an innovative software company developing mobility products for organizations of all sizes. Notify's wireless solutions provide secure synchronized email and PIM access and management to any size organization on a variety of wireless 2-way devices and networks. Notify sells its wireless products directly and through authorized resellers internationally. The company is headquartered in San Jose, California. For more information, visit http://www.notifycorp.com or contact 408-777-7920.
On November 3, 2010, the Reporting Persons sent a letter to the Independent Committee of the Issuer. The Reporting Persons expressed their opposition to the Company’s plans to consider ceasing its reporting obligations with the Securities and Exchange Commission.
The Reporting Persons purchased the shares of common stock (the “Shares”) based on the Reporting Persons' belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase of additional Shares desirable, the Reporting Persons may endeavor to increase their position in the Company through, among other things, the purchase of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable.
No Reporting Person has any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D except as set forth herein or such as would occur upon completion of any of the actions discussed above. The Reporting Persons intend to review their investment in the Company on a continuing basis and engage in discussions with management and the Board of Directors of the Company concerning the business, operations and future plans of the Company. Depending on various factors including, without limitation, the Company’s financial position and investment strategy, the price levels of the Shares, conditions in the securities markets and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to their investment in the Company as they deem appropriate including, without limitation, seeking Board representation, making proposals to the Company concerning changes to the capitalization, ownership structure or operations of the Company, purchasing additional Shares, selling some or all of its Shares, engaging in short selling of or any hedging or similar transaction with respect to the Shares or changing its intention with respect to any and all matters referred to in Item 4.
7
--------------------------------------------------------------------------------
Item 5. Interest in Securities of the Issuer.
(a) and (b)
Strategic Turnaround Equity Partners, L.P. (Cayman) is deemed to be the direct beneficial owner of 1,153,572 shares of Common Stock, which represents approximately 8.19% of the number of shares of Common Stock stated to be outstanding by the Company in its Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission on August 13, 2010. Strategic Turnaround Equity Partners, L.P. (Cayman) has shared voting and disposition power with respect to all of such shares.
Galloway Capital Management LLC is deemed to be the indirect beneficial owner of 1,153,572 shares of Common Stock which represents approximately 8.19% of the number of shares of Common Stock stated to be outstanding by the Company in its Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission on August 13, 2010. Galloway Capital Management LLC has shared voting and disposition power with respect to all of such shares.
Bruce Galloway is deemed to be the beneficial owner of 1,577,909 shares of Common Stock which represents approximately 11.20% of the number of shares of Common Stock stated to be outstanding by the Company in its Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission on August 13, 2010. Mr. Galloway is deemed to be the indirect beneficial owner of 1,153,572 shares of Common Stock owned directly by Strategic Turnaround Equity Partners, L.P. (Cayman), which he has shared voting and disposition power. In addition, Mr. Galloway has sole voting and disposition power with respect to 424,337 shares of Common Stock. Of the total 424,337 shares of common stock directly reported by Mr. Galloway, 291,671 shares of Common Stock are held in Mr. Galloway’s retirement account, 47,666 shares of Common Stock are owned by Mr. Galloway’s children for which Mr. Galloway has the sole power to vote and dispose, and 85,000 shares of Common Stock are held by Rexon Galloway Capital Growth LLC, an investment company in which Mr. Galloway is a member and for which Mr. Galloway retains investment and voting discretion.
Gary Herman is deemed to be the beneficial owner of 1,156,172 shares of Common Stock which represents approximately 8.21% of the number of shares of Common Stock stated to be outstanding by the Company in its Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission on August 13, 2010. Mr. Herman is deemed to be the indirect beneficial owner of 1,153,572 shares of Common Stock owned directly by Strategic Turnaround Equity Partners, L.P. (Cayman), which he has shared voting and disposition power. In addition, Mr. Herman has sole voting and disposition power with respect to 2,600 shares of Common Stock. Of the total of 2,600 shares of common stock directly reported by Mr. Herman, 2,500 shares are held by FBR, Inc., all of which Mr. Herman has investment and voting discretion.
Each of Galloway Capital Management, LLC, Bruce Galloway and Gary L. Herman disclaim beneficial ownership of the shares of Common Stock directly beneficially owned by Strategic Turnaround Equity Partners, L.P. (Cayman) (except for (i) the indirect interest of Galloway Capital Management LLC by virtue of being the general partner of Strategic Turnaround Equity Partners, L.P. (Cayman), (ii) the indirect interests of Bruce Galloway and Gary L. Herman by virtue of being members of Galloway Capital Management LLC, and (iii) the indirect interests of Bruce Galloway and Gary L. Herman by virtue of being limited partners of Strategic Turnaround Equity Partners, L.P. (Cayman). Galloway Capital Management LLC, Gary L. Herman and Bruce Galloway have shared power to direct the vote and shared power to direct the disposition of these shares of Common Stock.
10 bagger
13 years ago
NTFY.. $0.32
Notify Technology Reports Preliminary Results for the Fourth Fiscal Quarter Ended September 30, 2010
Revenue increases by 13% over the same quarter in prior year.
SAN JOSE, Calif., Nov. 2, 2010 /PRNewswire-FirstCall/ -- Notify Technology Corporation (OTC Bulletin Board: NTFY) today announced preliminary financial results for its fourth fiscal quarter ended September 30, 2010.
Total fiscal fourth quarter revenue increased 13% to $1,878,112 in the three-month period ended September 30, 2010 from $1,665,621 during the same period in the prior year. Net income for the three month period ended September 30, 2010 was $182,776 or $0.01 per diluted share. The company's financial performance is an improvement from net income of $104,328 or $0.01 per diluted share, reported for the same period in the prior year. The increase in net income for the fiscal quarter reflects our continued success in growing and renewing customer accounts.
The company also experienced a 61% increase in cash and cash equivalents at September 30, 2010 as compared to cash and cash equivalents at September 30, 2009.
"It gives me great pleasure to report the preliminary financial results of the final quarter of fiscal 2010. Not only have we achieved our sixth consecutive profitable quarter we also recorded our second profitable year," said Paul DePond, President and Chief Executive Officer of the company. "I expect the fully audited results to be released in December 2010."
Sales and Marketing expenses were $555,371 in the three-month period ended September 30, 2010 compared to $614,023 in the three-month period ended September 30, 2009. The decrease was primarily the result of a decrease in salary and commission expenses.
Research and Development expenses were $676,429 in the three-month period ended September 30, 2010 compared to $467,883 in the three-month period ended September 30, 2009. The increase was due to the increased salaries as we expanded our design and testing staff to meet the demands of a rapidly expanding smart phone market. Our development efforts were devoted to increasing the feature set of our software products, porting our solution to new devices and creating new products.
General and Administrative expenses were flat at $444,863 in the three-month period ended September 30, 2010 compared to $447,481 for the three-month period ended September 30, 2009.
About Notify Technology Corporation
Founded in 1994, Notify Technology Corporation, (OTC BB: NTFY.OB) is an innovative software company developing mobility products for organizations of all sizes. Notify's wireless solutions provide secure synchronized email and PIM access and management to any size organization on a variety of wireless 2-way devices and networks. Notify sells its wireless products directly and through authorized resellers internationally. The company is headquartered in San Jose, California. For more information, visit http://www.notifycorp.com or contact 408-777-7920.
Forward-Looking Statements: This press release contains forward-looking statements related to Notify Technology Corporation that involve risks and uncertainties, including, but not limited to, statements regarding the expected timing of the release of the Company's audited results. Those statements are based on unaudited current information and expectations and there are important factors that could cause actual results to differ materially from those anticipated by such statements. These risks include, but are not limited to, Notify's ability to deliver products and manage growth, its ability to continue to improve its existing products or develop new products or technologies, and its ability to maintain revenue growth as well as other risks. In particular, management cannot predict future NotifyLink and NotifySync revenues with any accuracy and does not know whether NotifyLink and NotifySync revenues will continue to grow at the rates recently experienced, if at all. Increasing NotifyLink and NotifySync revenues will require, among other things, continued investments in the Company's sales and marketing organization and Notify has limited available cash resources to make these investments. These forward-looking statements are made in reliance on the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. For further information about these factors that could affect Notify Technology's future results, please see the Company's filings with the Securities and Exchange Commission. Prospective investors are cautioned that forward-looking statements are not guarantees of performance. Actual results may differ materially from management's expectations.
Contacts:
At Notify Technology Corporation:
Jerry Rice, Chief Financial Officer
Phone: 408-777-7927
jerry.rice@notifycorp.com
10 bagger
13 years ago
NTFY.. $0.2228 Bid.. 4'th Qtr. Earnings..
Notify Technology Reports Preliminary Results for the Fourth Fiscal Quarter Ended September 30, 2010
PR Newswire - Nov 02 at 09:30
Company Symbols: NASDAQ-OTCBB:NTFY
Revenue increases by 13% over the same quarter in prior year.
SAN JOSE, Calif., Nov. 2, 2010 /PRNewswire-FirstCall/ -- Notify Technology Corporation (OTC Bulletin Board: NTFY) today announced preliminary financial results for its fourth fiscal quarter ended September 30, 2010.
Total fiscal fourth quarter revenue increased 13% to $1,878,112 in the three-month period ended September 30, 2010 from $1,665,621 during the same period in the prior year. Net income for the three month period ended September 30, 2010 was $182,776 or $0.01 per diluted share. The company&;s financial performance is an improvement from net income of $104,328 or $0.01 per diluted share, reported for the same period in the prior year. The increase in net income for the fiscal quarter reflects our continued success in growing and renewing customer accounts.
The company also experienced a 61% increase in cash and cash equivalents at September 30, 2010 as compared to cash and cash equivalents at September 30, 2009.
&;It gives me great pleasure to report the preliminary financial results of the final quarter of fiscal 2010. Not only have we achieved our sixth consecutive profitable quarter we also recorded our second profitable year,&; said Paul DePond, President and Chief Executive Officer of the company. &;I expect the fully audited results to be released in December 2010.&;
Sales and Marketing expenses were $555,371 in the three-month period ended September 30, 2010 compared to $614,023 in the three-month period ended September 30, 2009. The decrease was primarily the result of a decrease in salary and commission expenses.
Research and Development expenses were $676,429 in the three-month period ended September 30, 2010 compared to $467,883 in the three-month period ended September 30, 2009. The increase was due to the increased salaries as we expanded our design and testing staff to meet the demands of a rapidly expanding smart phone market. Our development efforts were devoted to increasing the feature set of our software products, porting our solution to new devices and creating new products.
General and Administrative expenses were flat at $444,863 in the three-month period ended September 30, 2010 compared to $447,481 for the three-month period ended September 30, 2009.
About Notify Technology Corporation
Founded in 1994, Notify Technology Corporation, (OTC BB: NTFY.OB) is an innovative software company developing mobility products for organizations of all sizes. Notify&;s wireless solutions provide secure synchronized email and PIM access and management to any size organization on a variety of wireless 2-way devices and networks. Notify sells its wireless products directly and through authorized resellers internationally. The company is headquartered in San Jose, California. For more information, visit http://www.notifycorp.com or contact 408-777-7920.
Forward-Looking Statements: This press release contains forward-looking statements related to Notify Technology Corporation that involve risks and uncertainties, including, but not limited to, statements regarding the expected timing of the release of the Company&;s audited results. Those statements are based on unaudited current information and expectations and there are important factors that could cause actual results to differ materially from those anticipated by such statements. These risks include, but are not limited to, Notify&;s ability to deliver products and manage growth, its ability to continue to improve its existing products or develop new products or technologies, and its ability to maintain revenue growth as well as other risks. In particular, management cannot predict future NotifyLink and NotifySync revenues with any accuracy and does not know whether NotifyLink and NotifySync revenues will continue to grow at the rates recently experienced, if at all. Increasing NotifyLink and NotifySync revenues will require, among other things, continued investments in the Company&;s sales and marketing organization and Notify has limited available cash resources to make these investments. These forward-looking statements are made in reliance on the &;safe harbor&; provisions of the Private Securities Litigation Reform Act of 1995. For further information about these factors that could affect Notify Technology&;s future results, please see the Company&;s filings with the Securities and Exchange Commission. Prospective investors are cautioned that forward-looking statements are not guarantees of performance. Actual results may differ materially from management&;s expectations.
(Financial Tables Follow)
NOTIFY TECHNOLOGY CORPORATION
CONDENSED STATEMENTS OF INCOME
Three-Month Periods
Ended September 30,
2010 2009
(Unaudited)
Revenue:
Product sales $ 1,878,112 $ 1,665,621
Total revenue 1,878,112 1,665,621
Cost of revenue:
Product cost 18,612 ---
Royalty payments 1,371 35,891
Total cost of revenue 19,983 35,891
Gross profit 1,858,129 1,629,730
Operating expenses:
Research and development 676,429 467,883
Sales and marketing 555,371 614,023
General and administrative 444,863 447,481
Total operating expenses 1,676,663 1,529,387
Income from operations 181,466 100,343
Interest income and other, net 1,310 3,985
Net income before provision for income taxes 182,776 104,328
Provision for income taxes - - - -
Net income $ 182,776 $ 104,328
Basic and diluted net income per share $ 0.01 $ 0.01
Basic weighted average shares outstanding 14,095,210 14,075,662
Diluted weighted net income per share $ 0.01 $ 0.01
Diluted weighted average shares outstanding 15,531,770 16,031,553
NOTIFY TECHNOLOGY CORPORATION
Condensed Balance Sheets
Sept. 30, Sept. 30,
2010 2009
Unaudited Audited
Assets:
Current assets:
Cash and cash equivalents $ 2,526,654 $ 1,565,447
Accounts receivable, net 292,040 810,543
Other assets 44,570 40,540
Total current assets 2,863,264 2,416,530
Non-current assets
Property and equipment, net 306,380 247,117
Lease deposits 15,602 15,602
Total non-current assets 321,982 262,719
Total assets $ 3,185,246 $ 2,679,249
Liabilities and shareholders' deficit
Current liabilities:
Current portion of capital lease obligation $ 3,369 $ 4,142
Accounts payable 55,378 75,340
Accrued payroll and related liabilities 405,203 454,946
Deferred revenue 2,927,067 2,995,906
Other accrued liabilities 123,066 140,464
Total current liabilities 3,514,083 3,670,798
Long-term liabilities:
Long-term Deferred revenue 112,696 137,250
Long-term capital lease obligations 3,174 6,543
Total long-term liabilities 115,870 143,793
Total liabilities 3,629,953 3,814,591
Shareholders' deficit:
Preferred stock - - - -
Common stock 14,111 14,076
Additional paid-in capital 23,516,721 23,442,160
Accumulated deficit (23,975,539) (24,591,578)
Total shareholders' deficit (444,707) (1,135,342)
Total liabilities and shareholders' deficit $ 3,185,246 $ 2,679,249
Contacts:
At Notify Technology Corporation:
Jerry Rice, Chief Financial Officer
Phone: 408-777-7927
jerry.rice@notifycorp.com
SOURCE Notify Technology Corporation
10 bagger
13 years ago
NTFY.. $0.2228 Bid.. 3'rd Qtr. Earnings..
Notify Technology Reports Results for the Fiscal Quarter Ended June 30, 2010
PR Newswire - Aug 13 at 14:55
Company Symbols: NASDAQ-OTCBB:NTFY
Revenue increases by 15% over the same quarter in prior year.
SAN JOSE, Calif., Aug. 13 /PRNewswire-FirstCall/ -- Notify Technology Corporation (OTC Bulletin Board: NTFY) today announced financial results for its third fiscal quarter ended June 30, 2010.
Total fiscal third quarter revenue increased 15% to $1,837,377 in the three-month period ended June 30, 2010 from $1,593,805 during the same period in the prior year. The net income for the three month period ended June 30, 2010 was $212,506 or $0.01 per diluted share. The company&;s financial performance is a 77% improvement from a net gain of $120,246, or $0.01 per diluted share, reported for the same period in the prior year.
The revenue for the first three quarters of the fiscal year increased 23% to $5,367,871 in the nine-month period ended June 30, 2010 from $4,366,636 during the same period in the prior year. The net income for the nine month period ended June 30, 2010 was $433,262 or $0.03 per diluted share. The company&;s nine-month financial performance was an impressive improvement compared to a net loss of $33,643, or $(0.00) per diluted share, reported for the same period in the prior year.
&;Notify continues to set new levels of quarterly financial performance. We have just achieved our fourth consecutive profitable quarter while continuing to increase our overall revenue growth,&; said Paul DePond, President and Chief Executive Officer of the company. &;The wireless smart phone market continues to show unprecedented growth and new devices are entering the market at an astounding rate. A good example of the market&;s momentum is the demand for Android based wireless devices which have become the fastest growing wireless platform in the US market.&;
The Company&;s balance sheet also grew stronger during the third fiscal quarter, with a 67% increase in cash and cash equivalents at June 30, 2010 as compared to cash and cash equivalents at September 30, 2009. Management believes that this increase is a combined result of improved sales and improved accounts receivable management.
The cost of sales and marketing was $544,314 in the three-month period ended June 30, 2010, compared to $567,522 in the three-month period ended June 30, 2009. The minor decrease in spending was due to lower salary and commission expenses.
The Company expended $605,502 for research and development in the three-month period ended June 30, 2010, compared to $469,970 in the three-month period ended June 30, 2009. Virtually all the increase is due to increasing personnel as the company responds to the proliferation of new devices in the market while simultaneously developing future products.
General and administrative costs also increased to $462,153 in the three-month period ended June 30, 2010, compared to $397,804 for the three-month period ended June 30, 2009. The increase was largely due to compensation expense including non-cash compensation expenses of $16,847 for compensation expense due to option vesting.
About Notify Technology Corporation
Founded in 1994, Notify Technology Corporation, (OTC BB: NTFY.OB) is an innovative software company developing mobility products for organizations of all sizes. Notify&;s wireless solutions provide secure synchronized email and PIM access and management to any size organization on a variety of wireless 2-way devices and networks. Notify sells its wireless products directly and through authorized resellers internationally. The company is headquartered in San Jose, California. The Company is headquartered in San Jose, California. For more information, visit http://www.notifycorp.com or contact 408-777-7920.
Forward-Looking Statements: This press release contains forward-looking statements related to Notify Technology Corporation that involve risks and uncertainties, including, but not limited to, statements regarding the changes in asset balances on the balance sheet, the significance of changes in the balance of deferred revenue, the launch of new wireless devices and product lines and the improving performance of the Company&;s wireless products. Those statements are based on current information and expectations and there are important factors that could cause actual results to differ materially from those anticipated by such statements. These risks include, but are not limited to, Notify&;s ability to deliver products and manage growth, its ability to continue to improve its existing products or develop new products or technologies, and its ability to maintain revenue growth as well as other risks. In particular, management cannot predict future NotifyLink and NotifySync revenues with any accuracy and does not know whether NotifyLink and NotifySync revenues will continue to grow at the rates recently experienced, if at all. Increasing NotifyLink and NotifySync revenues will require, among other things, continued investments in the Company&;s sales and marketing organization and Notify has limited available cash resources to make these investments. These forward-looking statements are made in reliance on the &;safe harbor&; provisions of the Private Securities Litigation Reform Act of 1995. For further information about these factors that could affect Notify Technology&;s future results, please see the Company&;s filings with the Securities and Exchange Commission. Prospective investors are cautioned that forward-looking statements are not guarantees of performance. Actual results may differ materially from management&;s expectations.
(Financial Tables Follow)
NOTIFY TECHNOLOGY CORPORATION
CONDENSED STATEMENTS OF OPERATIONS
Three-Month Periods Nine-Month Periods
Ended June 30, Ended June 30,
2010 2009 2010 2009
Revenue:
Product revenue $ 1,837,377 $ 1,593,805 $ 5,367,871 $ 4,366,636
Total revenue 1,837,377 1,593,805 5,367,871 4,366,636
Cost of revenue:
Product cost 12,348 - 27,131 8,620
Royalty payments 1,707 38,925 5,103 109,072
Total cost of revenue 14,055 38,925 32,234 117,692
Gross profit 1,823,322 1,554,880 5,335,637 4,248,944
Operating expenses:
Research and development 605,502 469,970 1,579,872 1,449,731
Sales and marketing 544,314 567,522 1,955,598 1,708,292
General and
administrative 462,153 397,804 1,369,737 1,127,477
Total operating expenses 1,611,969 1,435,296 4,905,207 4,285,500
Income/(loss) from
operations 211,353 119,584 430,430 (36,556)
Other interest (expense),
net 1,153 662 2,832 2,913
Net income (loss) $ 212,506 $ 120,246 $ 433,262 $ (33,643)
Basic net income (loss)
per share $ 0.02 $ 0.01 $ 0.03 $ (0.00)
Basic weighted average
shares outstanding 14,082,099 14,075,662 14,076,629 14,075,662
Diluted net income (loss)
per share $ 0.01 $ 0.01 $ 0.03 $ (0.00)
Diluted weighted average
shares outstanding 15,585,251 14,849,281 15,949,153 14,075,662
Notify Technology CORPORATION
Condensed Balance Sheets
June 30, Sept. 30,
2010 2009
Unaudited Audited
Assets:
Current assets:
Cash and cash equivalents $ 2,623,905 $ 1,565,447
Accounts receivable, net 401,740 810,543
Other assets 33,348 40,540
Total current assets 3,058,993 2,416,530
Non-current assets
Property and equipment, net 278,185 247,117
Lease deposits 15,602 15,602
Total non-current assets 293,787 262,719
Total assets $ 3,352,780 $ 2,679,249
Liabilities and shareholders' deficit
Current liabilities:
Current portion of capital lease obligation $ 2,639 $ 4,142
Accounts payable 27,905 75,340
Accrued payroll and related liabilities 444,074 454,946
Deferred revenue 3,267,831 2,995,906
Other accrued liabilities 134,952 140,464
Total current liabilities 3,877,401 3,670,798
Long-term liabilities:
Long-term Deferred revenue 118,835 137,250
Long-term capital lease obligations 4,668 6,543
Total long-term liabilities 123,503 143,793
Total liabilities 4,000,904 3,814,591
Shareholders' deficit:
Common stock 14,090 14,076
Additional paid-in capital 23,496,102 23,442,160
Accumulated deficit (24,158,316) (24,591,578)
Total shareholders' deficit (648,124) (1,135,342)
Total liabilities and shareholders' deficit $ 3,352,780 $ 2,679,249
Contact:
At Notify Technology Corporation:
Jerry Rice, Chief Financial Officer
Phone: 408-777-7927
jerry.rice@notifycorp.com
SOURCE Notify Technology Corporation
10 bagger
13 years ago
NTFY.. $0. 2228 Bid.. Second Qtr.. Earnings..
Notify Technology Reports Results for the Fiscal Quarter Ended March 31, 2010
PR Newswire - May 13 at 09:30
Company Symbols: NASDAQ-OTCBB:NTFY
NotifyLink revenue increases by 21% over the same quarter in prior year.
SAN JOSE, Calif., May 13 /PRNewswire-FirstCall/ -- Notify Technology Corporation (OTC Bulletin Board: NTFY) today announced financial results for its second fiscal quarter ended March 31, 2010.
Total fiscal second quarter revenue increased 21% to $1,733,849 in the three-month period ended March 31, 2010 from $1,423,570 during the same period in the prior year. The net income for the three month period ended March 31, 2010 was $89,103 or $0.01 per diluted share. The company&;s financial performance is a clear improvement from a net loss of $93,238, or $(0.01) per diluted share, reported for the same period in the prior year.
The revenue for the first half of the fiscal year increased 27% to $3,530,494 in the six-month period ended March 31, 2010 from $2,772,831 during the same period in the prior year. The net income for the six month period ended March 31, 2010 was $220,756 or $0.01 per diluted share. The company&;s six-month financial performance is a significant improvement from a net loss of $153,889, or $(0.01) per diluted share, reported for the same period in the prior year.
&;Notify continues to set new levels of quarterly financial performance. Not only have we achieved our fourth consecutive profitable quarter, but in September 2009 we also recorded our first profitable year,&; said Paul DePond, President and Chief Executive Officer of the company. &;The wireless smart phone market has shown unprecedented growth and new devices are entering the market at an astounding rate. A good example of the market&;s momentum is our latest NotifyLink supported device, the new Apple® iPad®, which seems to have created an exciting new option for those users wanting a tablet device.&;
The Company&;s balance sheet also grew stronger during the second fiscal quarter, with a 57% increase in cash and cash equivalents at March 31, 2010 as compared to cash and cash equivalents at September 30, 2009. Management believes that this increase signifies that the Company closed new contracts during the six-month period ended March 31, 2010 at a rate faster than old contracts expired, reinforcing the growth of revenue during the period.
The cost of sales and marketing was $695,294 in the three-month period ended March 31, 2010, compared to $578,520 in the three-month period ended March 31, 2009. The increase was primarily in salary and commission expenses for ongoing business.
The Company expended $520,520 for research and development in the three-month period ended March 31, 2010, compared to $499,846 in the three-month period ended March 31, 2009. Virtually all the increase is due to increasing personnel as the Company responds to the proliferation of new devices in the market.
General and administrative costs also increased to $422,400 in the three-month period ended March 31, 2010, compared to $399,753 for the three-month period ended March 31, 2009. The increase was largely due to non-cash expenses of $17,066 for compensation expense due to option vesting.
About Notify Technology Corporation
Founded in 1994, Notify Technology Corporation, (OTC BB: NTFY.OB) is an innovative software company developing mobility products for organizations of all sizes. Notify&;s wireless solutions provide secure synchronized email and PIM access and management to any size organization on a variety of wireless 2-way devices and networks. Notify sells its wireless products directly and through authorized resellers internationally. The company is headquartered in San Jose, California. The Company is headquartered in San Jose, California. For more information, visit http://www.notifycorp.com or contact 408-777-7920.
Forward-Looking Statements: This press release contains forward-looking statements related to Notify Technology Corporation that involve risks and uncertainties, including, but not limited to, statements regarding the changes in asset balances on the balance sheet, the significance of changes in the balance of deferred revenue, the launch of new wireless devices and product lines and the improving performance of the Company&;s wireless products. Those statements are based on current information and expectations and there are important factors that could cause actual results to differ materially from those anticipated by such statements. These risks include, but are not limited to, Notify&;s ability to deliver products and manage growth, its ability to continue to improve its existing products or develop new products or technologies, and its ability to maintain revenue growth as well as other risks. In particular, management cannot predict future NotifyLink and NotifySync revenues with any accuracy and does not know whether NotifyLink and NotifySync revenues will continue to grow at the rates recently experienced, if at all. Increasing NotifyLink and NotifySync revenues will require, among other things, continued investments in the Company&;s sales and marketing organization and Notify has limited available cash resources to make these investments. These forward-looking statements are made in reliance on the &;safe harbor&; provisions of the Private Securities Litigation Reform Act of 1995. For further information about these factors that could affect Notify Technology&;s future results, please see the Company&;s filings with the Securities and Exchange Commission. Prospective investors are cautioned that forward-looking statements are not guarantees of performance. Actual results may differ materially from management&;s expectations.
(Financial Tables Follow)
NOTIFY TECHNOLOGY CORPORATION
CONDENSED STATEMENTS OF OPERATIONS
Three-Month Periods Six-Month Periods
Ended March 31, Ended March 31,
2010 2009 2010 2009
Revenue:
Product revenue $ 1,733,849 $ 1,423,570 $ 3,530,494 $ 2,772,831
Total revenue 1,733,849 1,423,570 3,530,494 2,772,831
Cost of revenue:
Product cost 5,719 3,360 14,783 8,620
Royalty payments 1,405 35,959 3,395 70,147
Total cost of revenue 7,124 39,919 18,178 78,767
Gross profit 1,726,725 1,384,251 3,512,315 2,694,064
Operating expenses:
Research and development 520,520 499,846 974,370 979,761
Sales and marketing 695,294 578,520 1,411,284 1,140,770
General and
administrative 422,400 399,753 907,584 729,673
Total operating expenses 1,638,214 1,478,119 3,293,238 2,850,204
Income/(loss) from
operations 88,511 (93,868) 219,077 (156,140)
Other interest (expense),
net 592 630 1,679 2,251
Net income (loss) $ 89,103 $ (93,238) $ 220,756 $ (153,889)
Basic net income (loss)
per share $ 0.01 $ (0.01) $ 0.01 $ (0.01)
Basic weighted average
shares outstanding 14,075,662 14,075,662 14,075,662 14,075,662
Diluted net income (loss)
per share $ 0.01 $ (0.01) $ 0.01 $ (0.01)
Diluted weighted average
shares outstanding 15,883,942 14,075,662 16,008,031 14,075,662
NOTIFY TECHNOLOGYCORPORATION
Condensed Balance Sheets
March 31, Sept. 30,
2010 2009
Unaudited Audited
Assets:
Current assets:
Cash and cash equivalents $ 2,460,266 $ 1,565,447
Accounts receivable, net 566,895 810,543
Other assets 39,835 40,540
Total current assets 3,066,996 2,416,530
Non-current assets
Property and equipment, net 262,563 247,117
Lease deposits 15,602 15,602
Total non-current assets 278,165 262,719
Total assets $ 3,345,161 $ 2,679,249
Liabilities and shareholders' deficit
Current liabilities:
Current portion of capital lease obligation $ 3,564 $ 4,142
Accounts payable 45,196 75,340
Accrued payroll and related liabilities 492,982 454,946
Deferred revenue 3,436,387 2,995,906
Other accrued liabilities 116,768 140,464
Total current liabilities 4,094,897 3,670,798
Long-term liabilities:
Long-term Deferred revenue 124,973 137,250
Long-term capital lease obligations 4,790 6,543
Total long-term liabilities 129,763 143,793
Total liabilities 4,224,660 3,814,591
Shareholders' deficit:
Common stock 14,076 14,076
Additional paid-in capital 23,477,247 23,442,160
Accumulated deficit (24,370,822) (24,591,578)
Total shareholders' deficit (879,499) (1,135,342)
Total liabilities and shareholders' deficit $ 3,345,161 $ 2,679,249
Contacts:
At Notify Technology Corporation:
Jerry Rice, Chief Financial Officer
Phone: 408-777-7927
jerry.rice@notifycorp.com
SOURCE Notify Technology Corporation
10 bagger
14 years ago
NTFY.. $0.42
Notify Technology Reports Results for the Fiscal Quarter Ended March 31, 2010
PR Newswire - May 13 at 09:30
Company Symbols: NASDAQ-OTCBB:NTFY
NotifyLink revenue increases by 21% over the same quarter in prior year.
SAN JOSE, Calif., May 13 /PRNewswire-FirstCall/ -- Notify Technology Corporation (OTC Bulletin Board: NTFY) today announced financial results for its second fiscal quarter ended March 31, 2010.
Total fiscal second quarter revenue increased 21% to $1,733,849 in the three-month period ended March 31, 2010 from $1,423,570 during the same period in the prior year. The net income for the three month period ended March 31, 2010 was $89,103 or $0.01 per diluted share. The company&;s financial performance is a clear improvement from a net loss of $93,238, or $(0.01) per diluted share, reported for the same period in the prior year.
The revenue for the first half of the fiscal year increased 27% to $3,530,494 in the six-month period ended March 31, 2010 from $2,772,831 during the same period in the prior year. The net income for the six month period ended March 31, 2010 was $220,756 or $0.01 per diluted share. The company&;s six-month financial performance is a significant improvement from a net loss of $153,889, or $(0.01) per diluted share, reported for the same period in the prior year.
&;Notify continues to set new levels of quarterly financial performance. Not only have we achieved our fourth consecutive profitable quarter, but in September 2009 we also recorded our first profitable year,&; said Paul DePond, President and Chief Executive Officer of the company. &;The wireless smart phone market has shown unprecedented growth and new devices are entering the market at an astounding rate. A good example of the market&;s momentum is our latest NotifyLink supported device, the new Apple® iPad®, which seems to have created an exciting new option for those users wanting a tablet device.&;
The Company&;s balance sheet also grew stronger during the second fiscal quarter, with a 57% increase in cash and cash equivalents at March 31, 2010 as compared to cash and cash equivalents at September 30, 2009. Management believes that this increase signifies that the Company closed new contracts during the six-month period ended March 31, 2010 at a rate faster than old contracts expired, reinforcing the growth of revenue during the period.
The cost of sales and marketing was $695,294 in the three-month period ended March 31, 2010, compared to $578,520 in the three-month period ended March 31, 2009. The increase was primarily in salary and commission expenses for ongoing business.
The Company expended $520,520 for research and development in the three-month period ended March 31, 2010, compared to $499,846 in the three-month period ended March 31, 2009. Virtually all the increase is due to increasing personnel as the Company responds to the proliferation of new devices in the market.
General and administrative costs also increased to $422,400 in the three-month period ended March 31, 2010, compared to $399,753 for the three-month period ended March 31, 2009. The increase was largely due to non-cash expenses of $17,066 for compensation expense due to option vesting.
About Notify Technology Corporation
Founded in 1994, Notify Technology Corporation, (OTC BB: NTFY.OB) is an innovative software company developing mobility products for organizations of all sizes. Notify&;s wireless solutions provide secure synchronized email and PIM access and management to any size organization on a variety of wireless 2-way devices and networks. Notify sells its wireless products directly and through authorized resellers internationally. The company is headquartered in San Jose, California. The Company is headquartered in San Jose, California. For more information, visit http://www.notifycorp.com or contact 408-777-7920.
Forward-Looking Statements: This press release contains forward-looking statements related to Notify Technology Corporation that involve risks and uncertainties, including, but not limited to, statements regarding the changes in asset balances on the balance sheet, the significance of changes in the balance of deferred revenue, the launch of new wireless devices and product lines and the improving performance of the Company&;s wireless products. Those statements are based on current information and expectations and there are important factors that could cause actual results to differ materially from those anticipated by such statements. These risks include, but are not limited to, Notify&;s ability to deliver products and manage growth, its ability to continue to improve its existing products or develop new products or technologies, and its ability to maintain revenue growth as well as other risks. In particular, management cannot predict future NotifyLink and NotifySync revenues with any accuracy and does not know whether NotifyLink and NotifySync revenues will continue to grow at the rates recently experienced, if at all. Increasing NotifyLink and NotifySync revenues will require, among other things, continued investments in the Company&;s sales and marketing organization and Notify has limited available cash resources to make these investments. These forward-looking statements are made in reliance on the &;safe harbor&; provisions of the Private Securities Litigation Reform Act of 1995. For further information about these factors that could affect Notify Technology&;s future results, please see the Company&;s filings with the Securities and Exchange Commission. Prospective investors are cautioned that forward-looking statements are not guarantees of performance. Actual results may differ materially from management&;s expectations.
(Financial Tables Follow)
NOTIFY TECHNOLOGY CORPORATION
CONDENSED STATEMENTS OF OPERATIONS
Three-Month Periods Six-Month Periods
Ended March 31, Ended March 31,
2010 2009 2010 2009
Revenue:
Product revenue $ 1,733,849 $ 1,423,570 $ 3,530,494 $ 2,772,831
Total revenue 1,733,849 1,423,570 3,530,494 2,772,831
Cost of revenue:
Product cost 5,719 3,360 14,783 8,620
Royalty payments 1,405 35,959 3,395 70,147
Total cost of revenue 7,124 39,919 18,178 78,767
Gross profit 1,726,725 1,384,251 3,512,315 2,694,064
Operating expenses:
Research and development 520,520 499,846 974,370 979,761
Sales and marketing 695,294 578,520 1,411,284 1,140,770
General and
administrative 422,400 399,753 907,584 729,673
Total operating expenses 1,638,214 1,478,119 3,293,238 2,850,204
Income/(loss) from
operations 88,511 (93,868) 219,077 (156,140)
Other interest (expense),
net 592 630 1,679 2,251
Net income (loss) $ 89,103 $ (93,238) $ 220,756 $ (153,889)
Basic net income (loss)
per share $ 0.01 $ (0.01) $ 0.01 $ (0.01)
Basic weighted average
shares outstanding 14,075,662 14,075,662 14,075,662 14,075,662
Diluted net income (loss)
per share $ 0.01 $ (0.01) $ 0.01 $ (0.01)
Diluted weighted average
shares outstanding 15,883,942 14,075,662 16,008,031 14,075,662
NOTIFY TECHNOLOGYCORPORATION
Condensed Balance Sheets
March 31, Sept. 30,
2010 2009
Unaudited Audited
Assets:
Current assets:
Cash and cash equivalents $ 2,460,266 $ 1,565,447
Accounts receivable, net 566,895 810,543
Other assets 39,835 40,540
Total current assets 3,066,996 2,416,530
Non-current assets
Property and equipment, net 262,563 247,117
Lease deposits 15,602 15,602
Total non-current assets 278,165 262,719
Total assets $ 3,345,161 $ 2,679,249
Liabilities and shareholders' deficit
Current liabilities:
Current portion of capital lease obligation $ 3,564 $ 4,142
Accounts payable 45,196 75,340
Accrued payroll and related liabilities 492,982 454,946
Deferred revenue 3,436,387 2,995,906
Other accrued liabilities 116,768 140,464
Total current liabilities 4,094,897 3,670,798
Long-term liabilities:
Long-term Deferred revenue 124,973 137,250
Long-term capital lease obligations 4,790 6,543
Total long-term liabilities 129,763 143,793
Total liabilities 4,224,660 3,814,591
Shareholders' deficit:
Common stock 14,076 14,076
Additional paid-in capital 23,477,247 23,442,160
Accumulated deficit (24,370,822) (24,591,578)
Total shareholders' deficit (879,499) (1,135,342)
Total liabilities and shareholders' deficit $ 3,345,161 $ 2,679,249
Contacts:
At Notify Technology Corporation:
Jerry Rice, Chief Financial Officer
Phone: 408-777-7927
jerry.rice@notifycorp.com
SOURCE Notify Technology Corporation
Dream
18 years ago
.026 x .037 This one looks interesting down here...
The number of shares outstanding of Registrant’s common stock, $0.001 par value at December 15, 2005 was 13,968,995 shares
Float approx. 10M
No dilution for at least a year.
Website: http://www.notifycorp.com/
Partners: http://www.notifycorp.com/partners/index.htm
Notify Technology Reports Results for the Fiscal Year Ended September 30, 2005
TUESDAY, DECEMBER 06, 2005 8:31 AM
- PR Newswire
SAN JOSE, Calif., Dec 06, 2005 /PRNewswire-FirstCall via COMTEX/ -- Notify Technology Corporation (NTFY) today announced financial results for its fiscal year ended September 30, 2005.
The Company's net loss for the twelve month period ended September 30, 2005, was $557,452, or a net loss per share of $0.04, compared to a net loss of $655,908, or a net loss per share of $0.10, reported for fiscal 2004.
The $5,018,464 of revenue reported in fiscal 2005 compares to $3,528,099 of revenue in fiscal 2004. The gross margin for fiscal 2005 was 74.4% compared to 80.5% in fiscal 2004 due to product mix.
The Company's NotifyLink wireless product line revenue improved to $2,104,745 for the fiscal year ended September 30, 2005 from $1,004,047 for the fiscal year ended September 30, 2004. The service portion of the Visual Got Mail Solution product line was $1,377,269 in fiscal 2005 compared to $1,665,727 in fiscal 2004. The level of Visual Got Mail service revenue is expected to decrease in future periods as the installed base the Visual Got Mail product services declines due to our customer's discontinued marketing of the service.
Product revenue of $1,417,010 for the year was the result of deferred revenue in connection with customer inventory being held for fulfillment. The customer disposed of the inventory thereby eliminating the fulfillment requirement and allowing the revenue to be recognized. The corresponding impact on gross margins was a favorable $231,782.
The increase in the wireless revenue is the result of increased sales and marketing efforts. The Company's sales and marketing expense, which is primarily made up of the Company's sales and technical support organization, increased to $1,702,454 for fiscal 2005 from $957,493 in fiscal 2004. The Company expanded its direct sales force and customer service organization in fiscal 2005 to increase sales and service a growing installed base of customers.
The Company continues to focus its product development, marketing and sales on its NotifyLink wireless products. Although it continues to have a strong presence in the GroupWise market, the Company has recently released new versions of its NotifyLink Enterprise Edition to provide wireless synchronization for email, calendar, contacts, and tasks for a variety of IMAP4 email systems including the Sun Java Communications Suite, the Oracle Collaboration Suite, the Mirapoint Messaging System, the Scalix Messaging Platform, and the Communigate Pro Messaging System.
"For the past three years we have been primarily focused on the Novell GroupWise marketplace which has provided us with the opportunity to establish Notify as a leading provider of wireless solutions in the GroupWise market," said Paul DePond, Chief Executive Officer. "We have also developed a family of products targeted at the IMAP4 market segment that are jointly marketed with several major IMAP4 vendors."
About Notify Technology Corporation
Founded in 1994, Notify Technology Corporation is an innovative software company developing mobility products for organizations of all sizes. Notify's wireless solutions provide secure synchronized email and PIM access and management to any size organization on a variety of wireless 2-way devices and networks. Notify sells its wireless products directly and through authorized resellers internationally. The company is headquartered in San Jose, California. For more information, visit http://www.notifycorp.com or contact 408-777-7920.
retire
21 years ago
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Press Release Source: Motient Corporation
Notify Technology and Motient Corporation Team Up to Offer Enterprise Wireless Solutions
Wednesday May 7, 11:00 am ET
Consumers and Corporations Will be Able to Access and Manage Their E-Mail, Calendar, Contacts, and Tasks from a Variety of Two-Way Wireless Devices.
SAN JOSE, Calif.--(BUSINESS WIRE)--May 7, 2003-- Notify Technology Corporation (OTC:NTFY - News), a leading provider of enterprise wireless solutions, today announced it has entered into an agreement with Motient Corporation (OTC:MNCP - News). Under the agreement Motient will offer to its enterprise customers all versions of Notify's NotifyLink Enterprise Edition. Notify's enterprise family of products currently provide organizations using Microsoft Exchange, Lotus Domino, Novell GroupWise, and various IMAP4/POP3 email systems with secure wireless push notification, access, and management of email, calendar, contacts, and tasks.
ADVERTISEMENT
NotifyLink Enterprise Edition will be offered as part of a complete enterprise mobility package that includes unlimited monthly airtime, server and client software license fees, as well as software maintenance under a single pricing plan of only $44.95 per month. The package will be immediately available to Motient users of the RIM 850 and RIM 857 Wireless Handhelds(TM) on Motient's nationwide data network.
Notify's enterprise products will provide our customers with a solution that allows them to met the diverse needs of their diverse organizations", said Dan Croft, senior vice president of business development and marketing for Motient. "We are especially excited about Notify's enterprise solution for Novell GroupWise users. Combining Notify's enterprise GroupWise product with our RIM device support and nation-wide service coverage will give us a true competitive solution."
The Motient network covers 100 percent of the metropolitan statistical areas (MSAs) in the U.S., enabling wireless data access for more people than any other data carrier. Only Motient provides the pervasive nationwide network coverage that equates to superior in-building, on-street and in-vehicle reach of any wireless data provider.
"We are excited about the opportunity to provide Motient with our family of NotifyLink Enterprise wireless solutions", said Paul DePond, President and founder of Notify Technology Corporation. "Motient will now be able to offer all of their customers expanded enterprise wireless email and PIM solutions with our NotifyLink enterprise products."
Availability
The NotifyLink Family of mobile email solutions is immediately available through Notify Technology's eStore at "http://www.notifycorp.com/" For more information about NotifyLink Family of mobile email solutions, please contact Christina Dowling at "mailto:cdowling@notifycorp.com"
About Motient Corporation
Motient Corporation (www.motient.com) owns and operates the nation's largest two-way wireless data network - the Motient(TM) network - and provides a wide-range of mobile and Internet communications services principally to business-to-business customers and enterprises. The company provides eLink(SM) and BlackBerry(TM) by Motient two-way wireless email services. Motient's wireless email services operate on the RIM 850 and RIM 857 Wireless Handhelds(TM) and Motient's MobileModem for the PalmV(TM) series handhelds. Motient serves a variety of markets including mobile professionals, telemetry, transportation and field service, offering coverage to all 50 states, Puerto Rico and the U.S., Virgin Islands.
About Notify Technology Corporation
Founded in 1994, Notify Technology Corporation, (OTC: NTFY - News) is an innovative communications company offering wireless and wireline products and services. Notify Technology is quickly becoming a leading consumer, SOHO, and Enterprise environment provider of mobile wireless software and services for Over-The-Air synchronization and management of email and PIM (contacts, calendar, tasks) independent of device and network. Notify's wireline solution provides consumer voice mail notification to customers of CLECs in multiple states. Notify sells its products direct and through wireline carriers and wireless carriers. The company is headquartered in San Jose, Calif. For more information, visit http://www.notifycorp.com/" or contact 408-777-7920.
For more information concerning these and other possible risks, please refer to the company's Form 10-KSB filed on December 28, 2001, filings on Form 10-QSB and other filings with the Securities and Exchange. These filings can be accessed over the Internet at www.sec.gov.
--------------------------------------------------------------------------------
Contact:
Motient Corporation
Dan Croft, 847/478-4701
--------------------------------------------------------------------------------
Source: Motient Corporation
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retire
21 years ago
Notify Technology Enhances its Wireless Email Solutions for Novell GroupWise to Simultaneously Support Any Mobile or Fixed Wireless Network
Organizations will have a secure enterprise solution that provides their users with both fixed and mobile wireless access to and management of their email, calendar, contacts and task information.
Salt Lake City, UT - May 5, 2003 - Notify Technology Corporation (OTC: NTFY) today announced that it will support all Wi-Fi (802.11x) capable Palm and various Pocket PC handheld devices simultaneously with its current support for CDMA/1XRTT, GSM/GPRS, DataTAC, Mobitex, and ReFLEX wireless networks on its NotifyLink Enterprise Edition. Currently the NotifyLink Enterprise Edition products provide organizations using Novell GroupWise and Novell NetMail email systems with secure wireless push notification, access, and management of email, calendar, contacts, and tasks from its currently supported Handspring, Kyocera, Motorola, Nokia, Palm, Pocket PC, and RIM Blackberry wireless handheld devices CDMA/1XRTT, GSM/GPRS, DataTAC, Mobitex, and ReFLEX networks.
Notify recently announced support for Palm's Tungsten C handheld on any Wi-Fi network. Notify will be announcing support for specific Palm and Pocket PC PDA handhelds from Dell, Hewlett Packard, Palm Solutions Group, Toshiba, and Sony that are Wi-Fi capable. Notify's solution for Wi-Fi enabled Palm and Pocket PC handheld devices will provide users with instantaneous access to sending and receiving email and PIM events whenever they are in any accessible Wi-Fi network coverage area. The NotifyLink Enterprise Edition for Novell GroupWise will enhance the security of a Wi-Fi network by providing additional encryption for any information transmitted or received between the NotifyLink Enterprise Edition server and the wireless handheld. Notify supports both Triple DES and AES encryption standards over any Wi-Fi network or mobile network connection.
"We are hearing a consistent message from Novell GroupWise users about the need to provide a single solution that will facilitate both their Wi-Fi and mobile wireless users," said Paul DePond, President and founder of Notify Technology Corporation. "Many organizations have already installed some type of Wi-Fi network throughout their campus and want to leverage their investment by using Wi-Fi capable Palm and Pocket PC PDA handheld devices for accessing email and PIM information. Users will be amazed at the speed of sending and receiving email and PIM information. Additionally, any concerns for wireless security should be alleviated by our use of Triple DES and AES encryption on any information transmitted or received by our NotifyLink solution on any Wi-Fi network."
Currently Supported Devices and Networks
NotifyLink provides users with a rapid and transparent connection to their email when they are mobile, using the Research In Motion (RIM) BlackBerry 5810™, the BlackBerry 6710™, BlackBerry 6750™, The RIM Wireless Handheld™ 850/857 and/or 950/957, the Kyocera Corporation QCP 6035, and/or the 7135 SmartPhone, the Handspring Inc. Treo 180, 180g, 270, 300 Series, the Nokia 9290 Communicator, the Palm Solutions Group i705, the Palm™ Tungsten™ W, Siemens SX56 Pocket PC, O2 XDA Pocket PC, T-Mobile Pocket PC Phone Edition HTC 9500, as well as the Motorola Talkabout T900 and/or the Motorola Timeport P935 2-way devices utilizing the CDMA/1XRTT, DataTAC, GSM/GPRS, Mobitex, and ReFLEX networks.
High Level Features
NotifyLink is easy to install in an organization using Novell GroupWise and is comprised of three components: the enterprise server software, web interface for admin and client configuration, and a smart device client. NotifyLink server software gives corporations the security in knowing that their information will be securely stored, safely behind their corporate firewall. In addition, NotifyLink's custom "Smart Device Client" software, was specifically designed to work with each device so that users would no longer need to use WAP or HTML browsing. An individual users information is loaded onto the device, over the air, with no cradle synchronization required.
NotifyLink Enterprise Edition has been designed with both the Corporate User and the IT Professional in mind. Some of the most notable features are as follows:
Corporate User
Wireless Access and Management of your Existing Email Accounts
Over-the-Air (OTA) synchronization of email, calendar, contacts, and tasks
Email and PIM information is stored on the wireless 2-way device
Real-Time Push Notification of Email to the wireless 2-way device
Customize Settings with a Simple to use Web Client Interface
IT Professional
Centralized Configuration, Administration, and control behind the Corporate Firewall
Centralized Control and Management of Global Settings
Encryption using AES and Triple DES
Enterprise Scalability System Architecture
Multiple Device Support
Multiple Network Support
For a complete list of product features, please visit www.notifycorp.com.
Availability
The NotifyLink Family of mobile email solutions is immediately available through Notify Technology's eStore at http://www.notifycorp.com and to all wireless carriers. For more information about NotifyLink Family of mobile email solutions, please contact Christina Dowling at cdowling@notifycorp.com.
About Notify Technology Corporation
Founded in 1994, Notify Technology Corporation, (OTC: NTFY) is an innovative communications company offering wireless and wireline products and services. Notify Technology is quickly becoming a leading consumer, SOHO, and Enterprise environment provider of mobile wireless software and services for Over-The-Air synchronization and management of email and PIM (contacts, calendar, tasks) independent of device and network. Notify's wireline solution provides consumer voice mail notification to customers of CLECs in multiple states. Notify sells its products through wireline carriers and wireless carriers. The company is headquartered in San Jose, Calif. For more information, visit www.notifycorp.com or contact 408-777-7920.
Contacts:Media:
Christina Dowling
Notify Technology Corp.
(408) 777-7923
cdowling@notifycorp.com
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