HOUM Hotel Outsource Management International Inc. featured news, full reports, and detailed charts
Hotel Outsource Management International Inc. (HOUM/HOUM.OB) Wrap Up:
Hotel Outsource Management International, Inc., through its subsidiaries, engages in distributing, operating, servicing, and marketing computerized minibars in hotels located in the United States, Europe, Israel, Australia, and South Africa. The company also offers a range of solutions, such as consultation, supervision, installation, and operation arrangements. As of December 31, 2007, it provided operation and/or management services to the minibar departments of approximately 18 hotels. The company, formerly known as Benjamin Acquisitions, Inc., was founded in 1997 and is headquartered in New York, New York.30 Employees
Founded in 1997
Hotel Outsource Management International Inc. (HOUM:OTC Bulletin Board Market)
LAST $0.06 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of November 18, 2009 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Hotel Outsource Management International Inc. (HOUM)
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OPEN
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PREVIOUS CLOSE
$0.06
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
10/12/09 - $0.15
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52 WEEK LOW
07/24/09 - $0.02
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MARKET CAP
5.4M
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AVERAGE VOLUME 3 mo
582.0
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DILUTED EPS TTM
$-0.04
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SHARES OUTSTANDING
89.5M
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HOUM Does Not Pay Dividends
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P/E TTM
NM
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HOUM Top Compensated Officers
Mr. Jacob Ronnel
Chief Executive Officer, Chief Financial Offi...
Age: 51
Total Annual Compensation: $188.3K
Mr. Daniel Cohen
President and Director
Age: 53
Total Annual Compensation: $55.4K
Mr. Ariel Almog
Director and Chief Executive Officer of Homi ...
Age: 40
Total Annual Compensation: $200.4K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Hotel Outsource Management International Inc. (HOUM)
Hotel Outsource Management International Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2009
11/16/2009
Hotel Outsource Management International Inc. reported earnings results for the third quarter ended September 30, 2009. Revenues for the third quarter ended September 30, 2009 reached $1,038 000, compared to $1,014,000 in the third quarter of 2008. Operating Loss for the quarter was $271,000, compared to an operating loss of $261,000 in the third quarter of 2008. Net Loss for the quarter was $203,000, compared to a net loss of $498,000 in the third quarter of 2008.
Hotel Outsource Management International Signs Agreements for Installation of Computerized Minibar Systems and Outsource Operation with Two Upscale Hotels
09/14/2009
Hotel Outsource Management International Inc. has announced that it has signed agreements for the installation of Computerized Minibar systems and Outsource Operation with two Upscale hotels, one in New York and the other in Tel Aviv. Vincci Avalon, NY: The Avalon, is a unique European-style boutique hotel in Manhattan, situated just minutes away from Penn Station and the Empire State Building. HOMI will install 100 Open-Display/Open-Access Computerized Minibars during October 2009. Leonardo Hotel Basel Tel Aviv: The Leonardo Hotel Basel Tel Aviv is centrally located across the Tel Aviv beach and offers 120 comfortable rooms. The Leonardo Hotel Basel Tel Aviv is undergoing extensive renovations. HOMI will install 120 HOMI (R)336 Computerized Minibars by October/November 2009.
Hotel Outsource Management International Inc. Signs New Installation Contracts with Two Hotels in New York
08/26/2009
Hotel Outsource Management International Inc. has announced that it has signed agreements for the installation of its HOMI (R)330 Computerized Minibar systems with two upscale/luxury hotels in New York. Located in the heart of Manhattan on West 40th Street between 8th and 9th Avenues in Midtown Manhattan, Distrikt Hotel New York is steps away from The New York Times Building and Times Square. Part of the Ascend Collection, Distrikt Hotel New York offers a dedication to detail with impeccable service, cutting edge technology, comfortable yet luxurious guestrooms, four-star amenities, and fresh cuisine. HOMI will install 124 HOMI (R)330 Computerized Minibars by November 2009. The Strand is designed as a modern New York classic, offering upscale accommodations in a setting of comfortable luxury. The hotel features Chic furnishings inspired by mid-century Bogart Era elegance. HOMI will install 177 HOMI (R)330 Computerized Minibars by November 2009.
HOUM Competitors
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Industry Analysis
| Valuation | HOUM | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 1.2x |
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| Price/Book | 0.9x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 1.0x |
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HOUM transactions
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More Recent News About Hotel Outsource Management International Inc.
More news for HOUM
HOTEL OUTSOURCE MANAGEMENT INTERNATIONAL INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Financia
Item 1.01 - Entry into a Material Definitive Agreement On October 25, 2009, HOMI Industries Ltd ("HOMI Industries"), which is a wholly owned subsidiary of Hotel Outsource Management International, Inc., entered into twp loan agreements with Moise Laurent Elkrief and Sonia Elkrief (collectively, "Elkrief"). The first executed agreement was delivered to HOMI INDUSTRIES on November 12, 2009. Pursuant to this agreement, Elkrief lent HOMI INDUSTRIES $88,500 (the "Loan"). As security and collateral for repayment of the Loan, HOMI INDUSTRIES will cause its affiliate, HOMI USA, Inc. ("HOMI's Affiliate"), which is also a wholly owned subsidiary of Hotel Outsource Management International, Inc., to encumber in Elkrief's favor a computerized minibar system, including 177 HOMI® computerized minibars, a central unit and a license to HOMI® software, which HOMI's Affiliate intends to install in January 2010 at the Strand Hotel (the "Hotel") in New York, USA (the "Minibar System") and operate for the Hotel under an outsource operation agreement which HOMI's Affiliate signed with the Hotel (the "Outsource Operation"). HOMI INDUSTRIES will make monthly payments to Elkrief towards repayment of the Loan. These payments ("Monthly Repayments") will not be in a fixed amount. The amount of each Monthly Repayment will be computed on the basis of HOMI's Affiliate's revenues from the Outsource Operation. HOMI's Affiliate shall invoice the Hotel for the full amount of the net revenues from the Outsource Operation ("Net Revenues"). From the sum equal to the Net Revenues, HOMI INDUSTRIES will deduct (a) the cost of goods to be sold in the minibars; (b) labor costs; (c) a maintenance fee of $0.06 per minibar per day; and (d) a management fee of 8% of Net Revenues (collectively, "Operational Payments"). Until completion of the first 8 years of the Loan Agreement (the "Milestone"), on a monthly b...Click here to read the whole Article (external link)
Hotel Outsource Management International, Inc. Presents Q3 2009 Results
NEW YORK--(BUSINESS WIRE)--Hotel Outsource Management International, Inc. (“HOMIâ€) (OTCBB:HOUM.OB - News) presented its consolidated financial results for the third quarter ended September 30, 2009. Highlights:Third quarter results:Revenues for the third quarter ended September 30, 2009 reached US$1,038,000, compared to US$1,014,000 in the third quarter of 2008 (an increase of 2.4%), and US$889,000 in the second quarter of 2009 (an increase of 16.8%).For the three months ended September 30, 2009, HOMI's three largest customers accounted for approximately 27.5% of total revenues, compared to 31.3% during the same period of 2008.Gross Profit® 336 minibars installed, whereas such minibars have not yet reached their expected revenue potential.Operating Loss® 330. Research and development expenses for the third quarter of 2009 were US$36,000.®® 330 systems already signed, as well as enhancing the necessary operating platforms. General and Administrative expenses decreased to US$428,000 compared to US$446,000 in the third quarter of 2008, due to the cost reduction in General and Administrative expenses.Net Loss for the quarter was US$203,000, compared to a net loss of US$498,000 in the ...Click here to read the whole Article (external link)
HOTEL OUTSOURCE MANAGEMENT INTERNATIONAL INC Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENTS' DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION The following discussion and analysis provides information that we believe is relevant to an assessment and understanding of our financial condition as of September 30, 2009 and our results of operations for the three months ended September 30, 2008 and 2009. The following discussion should be read in conjunction with the financial statements for such periods as well as our financial statements included in our December 31, 2008 10-KSB filed with the Securities and Exchange Commission on April 13, 2009, and amended on April 17, 2009 and June 5, 2009. FORWARD-LOOKING STATEMENTS This report contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or out industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results. Our fin...Click here to read the whole Article (external link)
HOTEL OUTSOURCE MANAGEMENT INTERNATIONAL INC Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
Hotel Outsource Management International, Inc.: New Installation & Outsourcing Contract With an Upscale Hotel in New York City
NEW YORK--(BUSINESS WIRE)--Hotel Outsource Management International, Inc. (OTCBB:HOUM.OB - News) (“HOMIâ€, or the “Companyâ€), has announced that it has signed an agreement for the installation of Computerized Minibar systems and Outsource Operation with The Chelsea Wyndham Hotel, in New York City. ®330 Computerized Minibars during December 2009.Mr. Daniel Cohen, HOMI’s President, stated: "We are pleased to announce the signing of this agreement with a Wyndham Hotel. This represents HOMI’s first agreement with this luxury hotel chain. We continue to enhance our activity in the upscale segment while expanding HOMI's business in the United States."About HOMIHOMI is a multi-national service provider in the hospitality industry, supplying a range of services in relation to computerized minibars that are primarily intended for in-room refreshments. HOMI was incorporated under the laws of Delaware in 2000 and is listed on the Over-the-Counter Bulletin Board, or "OTC Bulletin Board" under the symbol "HOUM.OB."HOMI and its subsidiaries are engaged in the distribution, marketing and operation of computerized minibars in major branded hotel chains, operating approximately 10,420 computerized minibar systems at 34 hotels located in the United States, Europe, Israel and Australia, and in the ...Click here to read the whole Article (external link)
HOTEL OUTSOURCE MANAGEMENT INTERNATIONAL INC Files SEC form 10-Q/A, Quarterly Report
ITEM 2. MANAGEMENTS' DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION The following discussion and analysis provides information that we believe is relevant to an assessment and understanding of our financial condition as of June 30, 2009 and our results of operations for the three months ended June 30, 2008 and 2009. The following discussion should be read in conjunction with the financial statements for such periods as well as our financial statements included in our December 31, 2008 10-K filed with the Securities and Exchange Commission on April 13, 2009 and amended on April 17, 2009. FORWARD-LOOKING STATEMENTS This report contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or out industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results. Our financial statements are stated a...Click here to read the whole Article (external link)
HOTEL OUTSOURCE MANAGEMENT INTERNATIONAL INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Financia
Item 1.01 - Entry into a Material Definitive Agreement On October 12, 2009, HOMI Israel Ltd ("HOMI"), which is a wholly owned subsidiary of Hotel Outsource Management International, Inc., entered into an agreement with Dry Tongues Ltd, which was dated July 30, 2009. Pursuant to this agreement, HOMI sold 194 HOMI® 336 minibars scheduled to be installed at the Alrov Mamila Hotel in Jerusalem to Dry Tongues Ltd at a price of $500 per minibar, for a total of $97,000. The minibars, once installed and operational, will remain in place at the hotel and HOMI shall continue to operate and maintain these minibars in accordance with its existing outsource operation agreement with the Alrov Mamila Hotel, the only difference being that instead of HOMI having title to the minibars, title to the minibars now rests with Dry Tongues Ltd. HOMI shall continue to invoice the Alrov Mamila Hotel for the full amount of the net revenues from its outsource operation ("Net Revenues") and these Net Revenues will be deposited into a special bank account jointly controlled by HOMI and Dry Tongues Ltd. From the Net Revenues, HOMI shall receive (a) the cost of goods to be sold in the minibars; (b) labor costs; (c) a maintenance fee of $0.06 per minibar per day (reduced to $0.03 for the first year); (d) a management fee of 8% of Net Revenues (collectively, "Operational Payments"). Until Dry Tongues Ltd shall have received from HOMI payments totaling $120,000 (the "Milestone"), the amount, if any, by which Net Revenues will exceed Operational Payments ("Operating Cash flow") will initially be paid to Dry Tongues Ltd, on a monthly basis. Then, at the end of each quarter, the parties will calculate the average quarterly Operating Cash flow, for the duration of the Agreement up until that date. A reckoning will then be performed with the result that as long as the average quarterly Operating Cash flow exceeds $7,275, such Operating Cash flow shall be divided between HO...Click here to read the whole Article (external link)
HOTEL OUTSOURCE MANAGEMENT INTERNATIONAL INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Financia
Show all filings for HOTEL OUTSOURCE MANAGEMENT INTERNATIONAL INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for HOTEL OUTSOURCE MANAGEMENT INTERNATIONAL INC 25-Sep-2009Entry into a Material Definitive Agreement, Financia 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. (1-800-416-665...Click here to read the whole Article (external link)
Hotel Outsource Management International, Inc.: New Installation & Outsourcing Contracts with 2 Upscale Hotels
NEW YORK--(BUSINESS WIRE)--Hotel Outsource Management International, Inc. (OTCBB:HOUM.OB - News) (“HOMIâ€, or the “Companyâ€), has announced that it has signed agreements for the installation of Computerized Minibar systems and Outsource Operation with two Upscale hotels, one in New York and the other in Tel Aviv. Vincci Avalon, NYThe Avalon, is a unique European-style boutique hotel in Manhattan, situated just minutes away from Penn Station and the Empire State BuildingHOMI will install 100 Open-Display / Open-Access Computerized Minibars during October 2009.Leonardo Hotel Basel Tel AvivThe Leonardo Hotel Basel Tel Aviv is centrally located across the Tel Aviv beach and offers 120 comfortable rooms.The Leonardo Hotel Basel Tel Aviv is undergoing extensive renovations.®336 Computerized Minibars by October / November 2009.Mr. Daniel Cohen, HOMI’s President, stated: "We are pleased to announce the signing of two additional agreements. We continue to enhance our activity in the upscale segment and expanding HOMI's business in the United States and Israel."About HOMIHOMI is a multi-national service provider in the hospitality industry, supplying a range of services in relation to computerized minibars that are primarily intended for in-roo...Click here to read the whole Article (external link)
HOTEL OUTSOURCE MANAGEMENT INTERNATIONAL INC Files SEC form 8-K, Other Events
Show all filings for HOTEL OUTSOURCE MANAGEMENT INTERNATIONAL INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for HOTEL OUTSOURCE MANAGEMENT INTERNATIONAL INC 9-Sep-2009Other Events 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 info...Click here to read the whole Article (external link)
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