GLOBAL PARI-MUTUEL SERVICES, INC. Files SEC form 10-Q, Quarterly Report

ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION "Safe Harbor" Statement under the United States Private Securities Litigation Reform Act of 1995. Any statements contained in this document that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements which generally may be identified by the use of forward-looking terminology such as "may," "will," "expect," "estimate," "anticipate," or similar terms, variations of those terms or the negative of those terms. These forward-looking statements involve risks and uncertainties that could cause actual results to differ from projected results. All forward-looking statements included in this Quarterly Report are made as of the date hereof, based on information available to us as of such date, and we assume no obligation to update any forward-looking statement. It is important to note that such statements may not prove to be accurate and that our actual results and future events could differ materially from those anticipated in such statements. The following discussion and analysis provides information which management believes is relevant to an assessment and understanding of our results of operations, financial condition, and cash flows, and should be read in conjunction with the condensed consolidated financial statements and notes thereto that are contained in this Report, as well as Management's Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the year ended December 31, 2008. During the nine months ended September 30, 2009 and 2008 our revenues were $1,417,201 and $1,038,254, respectively. During the nine months ended September 30, 2009, $1,368,737 of the revenue was generated from providing pari-mutuel hub and content services, $18,428 from settlement and recon...
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Global Pari-Mutuel Services Announces Updates to Its Business Model

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GLOBAL PARI-MUTUEL SERVICES, INC. Financials

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GLOBAL PARI-MUTUEL SERVICES, INC. Files SEC form 10-Q, Quarterly Report

ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION "Safe Harbor" Statement under the United States Private Securities Litigation Reform Act of 1995. Any statements contained in this document that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements which generally may be identified by the use of forward-looking terminology such as "may," "will," "expect," "estimate," "anticipate," or similar terms, variations of those terms or the negative of those terms. These forward-looking statements involve risks and uncertainties that could cause actual results to differ from projected results. All forward-looking statements included in this Quarterly Report are made as of the date hereof, based on information available to us as of such date, and we assume no obligation to update any forward-looking statement. It is important to note that such statements may not prove to be accurate and that our actual results and future events could differ materially from those anticipated in such statements. The following discussion and analysis provides information which management believes is relevant to an assessment and understanding of our results of operations, financial condition, and cash flows, and should be read in conjunction with the condensed consolidated financial statements and notes thereto that are contained in this Report, as well as Management's Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the year ended December 31, 2008. During the six months ended June 30, 2009 and 2008 our revenues were $854,167 and $677,278, respectively. During the six months ended June 30, 2009, $803,019 of the revenue was generated from providing pari-mutuel hub and content services, $18,428 from settlement and reconciliation services...
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GLOBAL PARI-MUTUEL SERVICES, INC. Files SEC form 8-K, Termination of a Material Definitive Agreement

Show all filings for GLOBAL PARI-MUTUEL SERVICES, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for GLOBAL PARI-MUTUEL SERVICES, INC. 22-May-2009Termination of 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...
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GLOBAL PARI-MUTUEL SERVICES, INC. Files SEC form 8-K, Regulation FD Disclosure

Show all filings for GLOBAL PARI-MUTUEL SERVICES, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for GLOBAL PARI-MUTUEL SERVICES, INC. 7-May-2009Regulation FD Disclosure 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 p...
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GLOBAL PARI-MUTUEL SERVICES, INC. Files SEC form 10-Q, Quarterly Report

ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION "Safe Harbor" Statement under the United States Private Securities Litigation Reform Act of 1995. Any statements contained in this document that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements which generally may be identified by the use of forward-looking terminology such as "may," "will," "expect," "estimate," "anticipate," or similar terms, variations of those terms or the negative of those terms. These forward-looking statements involve risks and uncertainties that could cause actual results to differ from projected results. All forward-looking statements included in this Quarterly Report are made as of the date hereof, based on information available to us as of such date, and we assume no obligation to update any forward-looking statement. It is important to note that such statements may not prove to be accurate and that our actual results and future events could differ materially from those anticipated in such statements. During the three months ended March 31, 2009 and 2008 our revenues were $462,272 and $396,144, respectively. During the three months ended March 31, 2009, $428,619 of the revenue was generated from providing pari-mutuel hub and content services, $18,428 from settlement and reconciliation services and $15,225 from sales and rental of equipment related to pari-mutuel wagering. Cost of sales during the three months ended March 31, 2009 were $364,614 and gross profit was $97,658. During the three months ended March 31, 2008, $316,542 of the revenue was generated from providing pari-mutuel hub and content services, $72,324 from settlement and reconciliation services and $7,278 from sales and rental of equipment related to pari-mutuel wagering. Cost of sales during the three months ended March 31, 2...
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GLOBAL PARI-MUTUEL SERVICES, INC. Files SEC form 10-K, Annual Report

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION During the year ended December 31, 2007 the Company is no longer considered a development stage company. During the years ended December 31, 2008 and 2007 our revenues were $1,225,590 and $256,892, respectively. Of the revenues earned during the year ended December 31, 2007, $213,716 was earned during the three month period ended December 31, 2007. During the year ended December 31, 2008, $922,202 of the revenue was generated from providing pari-mutuel hub and content services, $256,325 from settlement and reconciliation services and $47,063 from sales and rental of equipment related to pari-mutuel wagering. During the year ended December 31, 2007, $181,300 of the revenue was generated from providing pari-mutuel hub and content services, $38,966 from settlement and reconciliation services and $36,626 from sales and rental of equipment related to pari-mutuel wagering. Cost of sales during the year ended December 31, 2008 was $830,481 and gross profit was $395,109. Cost of sales during the year ended December 31, 2007 was $823,663 and gross loss was $566,771. Included in the cost of sales is $640,000 for royalty expense associated with the acquisition of Royal Turf Club of St. Kitts. The operating losses we have incurred were $1,523,925 during the year ended December 31, 2008 and $2,050,661 during the year ended December 31, 2007. Included in the losses were $241,058 and $679,009 of non-cash share based compensation during the years ended December 31, 2008 and 2008, respectively. Also included in the loss for the year ended December 31, 2008 were no-cash costs of $706,793 related to the issuance of common stock related to the conversion of promissory notes and payment of expenses. Also included in the loss for the year ended December 31, 2007 is $640,000 related to a royalties contract that was part of the acquisition of the Royal Turf Club of St. Kitts. These losses and negative cash flows from operating activities rai...
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GLOBAL PARI-MUTUEL SERVICES, INC. Files SEC form 10-Q, Quarterly Report

ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION "Safe Harbor" Statement under the United States Private Securities Litigation Reform Act of 1995. Any statements contained in this document that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements which generally may be identified by the use of forward-looking terminology such as "may," "will," "expect," "estimate," "anticipate," or similar terms, variations of those terms or the negative of those terms. These forward-looking statements involve risks and uncertainties that could cause actual results to differ from projected results. All forward-looking statements included in this Quarterly Report are made as of the date hereof, based on information available to us as of such date, and we assume no obligation to update any forward-looking statement. It is important to note that such statements may not prove to be accurate and that our actual results and future events could differ materially from those anticipated in such statements. During the nine months ended September 30, 2008 and 2007 our revenues were $1,038,254 and $43,176, respectively. During the nine months ended September 30, 2008, $778,095 of the revenue was generated from providing pari-mutuel hub and content services, $223,598 from settlement and reconciliation services and $36,561 from sales and rental of equipment related to pari-mutuel wagering. Cost of sales during the nine months ended September 30, 2008 were $691,337 and gross profit was $346,917. During the nine months ended September 30, 2007, all revenue was generated from providing pari-mutuel hub and content services. Cost of sales during the nine months ended September 30, 2007 were $35,512 and gross profit was $7,664. Revenue for the three months ended September 30, 2008 increased $79,843 to $360...
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