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ASDI Assure Data Inc. featured news, full reports, and detailed charts

Assure Data Inc. (ASDI/ASDI.OB) Wrap Up:

Assure Data, Inc. provides automated remote data backup and retrieval services for small to medium sized businesses in the United States and internationally. It also offers data virus and spam protection services. The company provides a personal version of its backup service that does not maintain an on-site repository of the data, a multi-level email virus protection, and `SPAM' filtering process. Assure Data, Inc. was founded in 2002 and is based in Dallas, Texas.
www.assuredata.com
1 Employees
Founded in 2002

Assure Data Inc. (ASDI:OTC Bulletin Board Market)

LAST $0.30 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of October 19, 2009 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Assure Data Inc. (ASDI)

OPEN
--
PREVIOUS CLOSE
$0.30
DAY HIGH
--
DAY LOW
--
52 WEEK HIGH
01/5/09 - $0.95
52 WEEK LOW
06/12/09 - $0.20
MARKET CAP
492.0K
AVERAGE VOLUME 3 mo
0.0
DILUTED EPS TTM
--
SHARES OUTSTANDING
1.6M
ASDI Does Not Pay Dividends
P/E TTM
NM
K = Thousands  M = Millions  B = Billions

ASDI Top Compensated Officers

Mr. Robert Lisle
Chief Executive Officer, President, Chief Fin...
Age: 60
Total Annual Compensation: --
Mr. Max M. Kipness
Chief Technology Officer, Vice President, Sec...
Age: 42
Total Annual Compensation: $97.2K

Executives, Board Directors

Compensation as of Fiscal Year 2008.

Key developments for Assure Data Inc. (ASDI)

Assure Data Inc. announced delayed 10-Q filing

On 05/15/2009, Assure Data Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Assure Data Inc. Auditor Raises 'Going Concern' Doubt

Assure Data Inc. filed its 10-K on April 03, 2009 for the period ending December 31, 2008. In this report its auditor, Sherb & Co., LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Assure Data Inc. announced delayed annual 10-K filing

On 03/31/2009, Assure Data Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

otc, otcbb, pinksheet, ASDI, ob Assure Data Inc.

ASDI Competitors

Company Last Change
No competitor information is available for ASDI.
Market data is delayed at least 20 minutes.

Industry Analysis

Valuation ASDI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.6x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales 3.1x

ASDI

ASDI transactions

Type
Date
Target
Private Placement
October 30, 2009
--

More Recent News About Assure Data Inc.

More news for ASDI

ASSURE DATA INC Files SEC form 8-K, Change in Directors or Principal Officers, Completion of Acquisition or Dispositi

Show all filings for ASSURE DATA INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for ASSURE DATA INC 13-Nov-2009Change in Directors or Principal Officers, Completion of Acquisition or Dispositi Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All informatio...
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ASSURE DATA INC Files SEC form 10-Q, Quarterly Report

Item 2 Management's Discussion and Analysis and Plan of Operations THE FOLLOWING ANALYSIS OF THE RESULTS OF OPERATIONS AND FINANCIAL CONDITION OF THE COMPANY SHOULD BE READ IN CONJUNCTION WITH THE CONSOLIDATED FINANCIAL STATEMENTS, INCLUDING THE NOTES THERETO OF THE COMPANY, CONTAINED ELSEWHERE IN THE FORM 10-K. When used in this discussion, the words "expect(s)", "feel(s)", "believe(s)", "will", "may", "anticipate(s)" and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, which could cause actual results to differ materially from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements, and are urged to carefully review and consider the various disclosures elsewhere in this Form 10-Q. The provision of Section 27A of the Securities Act of 1933 and Section 21 of the Securities and Exchange Act of 1934 shall apply to any forward looking information in this Form 10-Q. General Assure Data began operations in 2003 offering data backup services. We obtained $100,000 of initial funding from a private placement in mid-2003. In September of 2005 the Company completed a public offering in which 600,000 shares of common stock were sold resulting in proceeds of $300,000 before offering costs were paid. In March of 2006 we completed a private placement of 40,000 shares resulting in proceeds of $20,000 before offering costs. The following is a summary of our financial results and condition for the nine months ended September 30, 2009 and 2008. For the nine months ended September 30, 2009 compared to the nine months ended September 30, 2008, revenues increased from $125,154 to $128,724, an increase of $3,570. The changes in revenues were due to an increase in the overall billings for services requested by our customers. For the nine months ended September 30, 2009 compared to the nine months...
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ASSURE DATA INC Files SEC form 8-K, Entry into a Material Definitive Agreement

Show all filings for ASSURE DATA INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for ASSURE DATA INC 2-Nov-2009Entry into a Material Definitive Agreement Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not...
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ASSURE DATA INC Financials

PERIOD ENDING30-Jun-0931-Mar-0931-Dec-0830-Sep-08Total Revenue21  62  35  18  Cost of Revenue11  10  10  11  Gross Profit10  52  25  7  Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative31  33  47  31  Non Recurring -   -   -   -  Others -   -   -   -  Total Operating Expenses -   -   -   -  Operating Income or Loss(21)19  (23)(24)Income from Continuing OperationsTotal Other Income/Expenses Net -   -   -   -  Earnings Before Interest And Taxes(21)19  (23)(24)Interest Expense -   -   -   -  Income Before Tax(21)19  (23)(24)Income Tax Expense -   -   -   -  Minority Interest -   -   -   -  Net Income From Continuing Ops(21)19  (23)(24)Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   -  Effect Of Accounting Changes -   -   ...
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ASSURE DATA INC Files SEC form 10-Q, Quarterly Report

Item 2 Management's Discussion and Analysis and Plan of Operations THE FOLLOWING ANALYSIS OF THE RESULTS OF OPERATIONS AND FINANCIAL CONDITION OF THE COMPANY SHOULD BE READ IN CONJUNCTION WITH THE CONSOLIDATED FINANCIAL STATEMENTS, INCLUDING THE NOTES THERETO OF THE COMPANY, CONTAINED ELSEWHERE IN THE FORM 10-KSB. When used in this discussion, the words "expect(s)", "feel(s)", "believe(s)", "will", "may", "anticipate(s)" and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, which could cause actual results to differ materially from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements, and are urged to carefully review and consider the various disclosures elsewhere in this Form 10-QSB. The provision of Section 27A of the Securities Act of 1933 and Section 21 of the Securities and Exchange Act of 1934 shall apply to any forward looking information in this Form 10-Q. General Assure Data began operations in 2003 offering data backup services. We obtained $100,000 of initial funding from a private placement in mid-2003. In September of 2005 the Company completed a public offering in which 600,000 shares of common stock were sold resulting in proceeds of $300,000 before offering costs were paid. In March of 2006 we completed a private placement of 40,000 shares resulting in proceeds of $20,000 before offering costs. The following is a summary of our financial results and condition for the six months ended June 30, 2009 and 2008. For the six months ended June 30, 2009 compared to the six months ended June 30, 2008, revenues decreased from $107,180 to $82,898, a decrease of $24,282. The changes in revenues were due to a decrease in the overall billings for services requested by our customers. For the six months ended June 30, 2009 compared to the six months ended June 30, 2008, c...
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ASSURE DATA INC Files SEC form 10-Q, Quarterly Report

Item 2 Management's Discussion and Analysis and Plan of Operations THE FOLLOWING ANALYSIS OF THE RESULTS OF OPERATIONS AND FINANCIAL CONDITION OF THE COMPANY SHOULD BE READ IN CONJUNCTION WITH THE CONSOLIDATED FINANCIAL STATEMENTS, INCLUDING THE NOTES THERETO OF THE COMPANY, CONTAINED ELSEWHERE IN THE FORM 10-KSB. When used in this discussion, the words "expect(s)", "feel(s)", "believe(s)", "will", "may", "anticipate(s)" and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, which could cause actual results to differ materially from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements, and are urged to carefully review and consider the various disclosures elsewhere in this Form 10-QSB. The provision of Section 27A of the Securities Act of 1933 and Section 21 of the Securities and Exchange Act of 1934 shall apply to any forward looking information in this Form 10-Q. General Assure Data began operations in 2003 offering data backup services. We obtained $100,000 of initial funding from a private placement in mid-2003. In September 2005 the Company completed a public offering in which 600,000 shares of common stock were sold resulting in proceeds of $300,000 before offering costs were paid. In March 2006 we completed a private placement of 40,000 shares resulting in proceeds of $20,000 before offering costs. The following is a summary of our financial results and condition for the three months ended March 31, 2009 and 2008. For the three months ended March 31, 2009 compared to the three months ended March 31, 2008, revenues increased from $45,143 to $62,032 respectively, an increase of (37.4%). The changes in revenues were due to an increase in the overall billings for services requested by our customers, with no increase in the number of customers. For the three months ended...
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ASSURE DATA INC Files SEC form 10-K, Annual Report

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION Results of Operations Year ended December 31, 2008 For the year ended December 31, 2008, we had revenues of $159,665 as compared to $83,398 of revenues for the year ending in 2007. A part of the increase is due to additional consulting services requested by our customers. Our cost of revenues were $36,392 during 2008, resulting in a gross profit of $123,237 which was offset by general and administrative expenses of $146,940. The decrease of the general and administrative expenses was due to a decrease in professional fees. The cost of goods sold increased from $32,194 in 2007 to $36,392 in 2008. This is related to a increase in costs and services performed in regards to revenue and services. Resources As of December 31, 2008 we had cash of $ 3,369 and $2,038 in receivables net of allowance for doubtful accounts of $0. Our current liabilities as of the same date are $63,107. Including payroll for our two employees, related taxes, reporting fees, and professional legal and accounting services we believe that, even though our auditors have expressed substantial doubt about our ability to continue as a going concern, we have sufficient financial resources to continue as a going concern. We believe we have sufficient resources to meet our obligations for at least the next 12 months and beyond. Assuming that we do not increase our current capacity to provide services, our primary cash requirements would be those associated with maintaining our current customer base, payroll for our two employees and maintaining our status as a reporting entity. We believe that on an annual basis those costs would not exceed an average of $11,000 per month. In addition, we currently have the capacity to add 30 more customers with an average monthly service charge of $350 without increasing our current monthly expenses. If all 30 customers were added this would increase our mont...
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ASSURE DATA INC Files SEC form 10-Q, Quarterly Report

Item 2 Management's Discussion and Analysis and Plan of Operations THE FOLLOWING ANALYSIS OF THE RESULTS OF OPERATIONS AND FINANCIAL CONDITION OF THE COMPANY SHOULD BE READ IN CONJUNCTION WITH THE CONSOLIDATED FINANCIAL STATEMENTS, INCLUDING THE NOTES THERETO OF THE COMPANY, CONTAINED ELSEWHERE IN THE FORM 10-KSB. When used in this discussion, the words "expect(s)", "feel(s)", "believe(s)", "will", "may", "anticipate(s)" and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, which could cause actual results to differ materially from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements, and are urged to carefully review and consider the various disclosures elsewhere in this Form 10-QSB. The provision of Section 27A of the Securities Act of 1933 and Section 21 of the Securities and Exchange Act of 1934 shall apply to any forward looking information in this Form 10-Q. General Assure Data began operations in 2003 offering data backup services. We obtained $100,000 of initial funding from a private placement in mid-2003. In September of 2005 the Company completed a public offering in which 600,000 shares of common stock were sold resulting in proceeds of $300,000 before offering costs were paid. In March of 2006 we completed a private placement of 40,000 shares resulting in proceeds of $20,000 before offering costs. The following is a summary of our financial results and condition for the nine months ended September 30, 2008 and 2007. For the nine months ended September 30, 2008 compared to the nine months ended September 30, 2007, revenues increased from $98,773 to $125,154, an increase of $26,381. The changes in revenues were due to an increase in the overall billings for services requested by our customers. For the nine months ended September 30, 2008 compared to the nine mo...
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