SSEV Systems Evolution Inc. featured news, full reports, and detailed charts
Systems Evolution Inc. (SSEV/SSEV.PK) Wrap Up:
Systems Evolution, Inc., a professional services organization, through its subsidiaries, provides computer software development services, computer network support, and contract staff in the United States. It operates in two divisions, Consulting and Next Hire Consultants. The Consulting division provides software development and managed network support services. The Next Hire Consultants division provides contract staff and permanent placement services to the infrastructure engineering industry. The company was incorporated as Wallace Silver, Inc. in 1968 and changed its name to Wallace Resources, Inc. in 2000; and to Systems Evolution, Inc. in 2003. Systems Evolution is based in Houston, Texas. As of December 31, 2008, Systems Evolution Inc. operates as a subsidiary of STI Group, Inc.www.systemsevolution.com
33 Employees
Founded in 1968
Systems Evolution Inc. (SSEV:OTC)
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Market Cap
300.0
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Total Revenue
4.5M
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EBITDA
2.1M
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DILUTED EPS TTM
--
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P/E
--
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P/S
--
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Return On Asset
-24.53
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Return On Equity
599.24
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| K = Thousands M = Millions B = Billions | ||
SSEV Top Compensated Officers
No compensation data is available at this time for the top officers at this company.
Executives, Board Directors
Key developments for Systems Evolution Inc. (SSEV)
Systems Evolution Inc. will Change its Ticker to SSEV from SEVO
03/2/2009
Effective March 03, 2009, Systems Evolution Inc. will change its OTCPK stock ticker symbol to SSEV from SEVO.
SSEV Competitors
| Company | Last | Change | |
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| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | SSEV | Industry Range |
| Price/Earnings | -- | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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SSEV |
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SSEV transactions
| Type Date |
Target |
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Merger/Acquisition
August 24, 2009 |
Highline Hydrogen Hybrids, Inc. and Hoss Motor sports, Inc. |
More Recent News About Systems Evolution Inc.
More news for SSEV
Systems Evolution Announces 4th Quarter Revenue Projections
ADDISON, TX--(Marketwire - 11/05/09) - Systems Evolution, Inc. (Pinksheets:SSEV - News) majority shareholder Highline Hydrogen Hybrids (HHHI) announced today that an interim review of their current business plan and marketing strategy places the Company well ahead of production and sales projections. Mel Robinson, HHHI's President, made the announcement this week after a review of current market status by the company's board of directors and said, "We are near capacity in SuperCell production and will exceed sales expectations of $600,000.00 for each month of the last quarter of 2009." He further stated that they are expecting to complete the move to the new 385,000 square foot facility in Dumas, Arkansas in early 2010 in order to increase production of HHHI's entire product line.Systems Evolution CEO Steven Humphries added, "This is great news for the Company as we are well ahead of where we thought we would be."Humphries also commented on the move to Dumas, "The additional production capacity allowed by the Dumas facility will eventually allow receipt of raw materials based on a JIT production schedules thus decreasing overall inventory cost and allowing for raw material purchases in larger quantities."HHHI's unique supplemental hydrogen fuel system for Over the Road Trucks, agricultural equipment and passenger vehicles reduces vehicle carbon foot print by as much as 50%, enhances fuel efficiency of internal combustion engines by as much as 25% and increases horsepower an average of 10%, and will soon be ava...Click here to read the whole Article (external link)
Systems Evolution CEO Steven Humphries Comments on Hoss Motor Sports Acquisition
ADDISON, TX--(Marketwire - 08/26/09) - Systems Evolution, Inc. (Pinksheets:SSEV - News) closed on the purchase of Hoss Motor Sports, Inc. (HMSI) this week after the Sympowerco, Inc. purchase was terminated. Hoss Motor Sports is the manufacturer of Ultimate Terrain Vehicles (UTV) and developed the first UTV for the mining industry that is used up to 2,000 feet under ground. Chief Executive Officer Steven Humphries commented on the company, its plans and its future stating, "With the acquisition of HMSI, we will refocus our marketing efforts on the search and rescue market which will target states, municipalities and other countries in the Hurricane, Tornado and Earthquake zones around the world."Hoss Motor Sports, Inc. has developed and designed a variety of types of Off Road Utility Vehicles including vehicles designed specifically for Search and Rescue, Construction Sites and for Sport Utility and Off Road Enthusiast markets. Under the Systems Evolution umbrella HMSI will manufacture its advanced vehicles at HMSI's new facility in Dumas, Arkansas.HMSI Management is projecting sales in excess of $3.0M in 2010, which would represent approximately 325 units sold.Humphries added, "This product line has unlimited potential and we are very excited to have HMSI a part of the SSEV group of companies."This news release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this release, words such as "estimate," "expect," "anticipate...Click here to read the whole Article (external link)
Systems Evolution CEO Steven Humphries Comments on Acquisition of Highline Hydrogen Hybrids
ADDISON, TX--(Marketwire - 08/25/09) - Systems Evolution, Inc. (Pinksheets:SSEV - News) closed on the purchase of Highline Hydrogen Hybrids, Inc. (HHHI) this week after the Sympowerco, Inc. purchase agreement was terminated on Friday, August 21, 2009. Highline Hydrogen Hybrids, Inc. ("HHHI") is the manufacturer of a unique and proven hydrogen conversion system for gasoline and diesel-powered vehicles. Chief Executive Officer Steven Humphries commented on the company, its plans and its future, stating: "Highline Hydrogen Hybrids, Inc. ('HHHI') is the manufacturer of a unique and proven hydrogen conversion system for gasoline and diesel-powered vehicles. Their unique patent pending system has undergone rigorous testing on a variety of vehicles, including passenger vehicles, commercial trucks, semi tractor trailers and farm equipment, with incredible results. We are pleased to have HHHI as a major contributor of building SSEV into a major player in the fuel cell arena."HHHI's unique supplemental hydrogen fuel system, in addition to reducing dangerous emissions, has been shown to enhance the fuel efficiency of internal combustion engines by as much as 25% and to increase horsepower by an average of 10%. HHHI also plans to release a commercial version of its supplemental fuel system for use on Over-The-Road commercial vehicles.Humphries added, "The company has a number of production contracts in the works that we expect to sign in the next ten days, of which will be very newsworthy."HHHI management is projecting...Click here to read the whole Article (external link)
Systems Evolution, Inc. Picks Up Hoss Motor Sports and Highline Hydrogen Hybrids From Failed Sympowerco Deal
ADDISON, TX--(Marketwire - 08/24/09) - Systems Evolution, Inc. (Pinksheets:SSEV - News) announced today that it has acquired Hoss Motor Sport, Inc. (HMSI) and Highline Hydrogen Hybrids, Inc. (HHHI). SSEV's Chief Executive Officer Steven Humphries made the announcement today saying, "As a result of the termination of the Sympowerco, Inc. deal on Friday (8/21) we worked over the weekend we were able roll HMSI and HHHI into Systems Evolution."In May of 2009 Steven Humphries entered into a Letter Of Intent to assign his interest in HMSI and HHHI to Sympowerco in exchange for 51% of SYMW's common stock. On July 26, 2009 the parties executed a Share Exchange Agreement. However, the transaction was never consummated and the agreement was terminated by all parties on Friday, August 21, 2009.Humphries is the majority shareholder of SSEV. Under the terms of the SSEV purchase, the shareholders of HMSI and HHHI will take a combined 30% of SSEV.Humphries added, "These are two great companies with tremendous potential and I am pleased that we were able to close the deal so quickly so that we can move forward with the development plans."This news release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this release, words such as "estimate," "expect," "anticipate," "projected," "planned," "forecasted" and similar expressions are intended to identify forward-looking statements, which are, by their very nature, no guarantees of Earthwor...Click here to read the whole Article (external link)
SYSTEMS EVOLUTION, 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)
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