VSMR Verify Smart Corp (TEEX): Stock Quote & Company Profile - BusinessWeek featured news, full reports, and detailed charts
Verify Smart Corp (TEEX): Stock Quote & Company Profile - BusinessWeek (VSMR/VSMR.OB) Wrap Up:
Verify Smart Corp., a development stage company, focuses on marketing and selling Internet security software for credit card fraud prevention. Its Internet security software would provide a comprehensive solution to credit card fraud by addressing the security needs of consumer clients, credit card companies, banks, and merchants through instant verification. The security software would operate through the use of a cellular phone for secured verification of monetary transactions. Its product lines would include VerifyNGo, a comprehensive authentication system, which addresses security concerns through an instant verification process; VerifyGateway, a secure and confidential online payment processing; VerifyTransfer, a comprehensive remittance service allowing business clients to easily and securely send and receive money instantly, in person, online, wirelessly, or by phone; and VeriSmart Card, a multipurpose prepaid card. The company was formerly known as Treasure Explorations, Inc. and changed its name to Verify Smart Corp. in March 2009. Verify Smart Corp. was founded in 2006 and is based in Taguig, the Philippines.www.verifysmart.com
Founded in 2006
Verify Smart Corp. (VSMR:OTC Bulletin Board Market)
LAST $0.92 USD
CHANGE TODAY +0.06 6.98%
VOLUME 17.9K
As of 3:59 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Verify Smart Corp. (VSMR)
|
OPEN
$0.86
|
PREVIOUS CLOSE
$0.86
|
|
|
DAY HIGH
$0.92
|
DAY LOW
$0.84
|
|
|
52 WEEK HIGH
05/5/09 - $2.68
|
52 WEEK LOW
10/20/09 - $0.40
|
|
|
MARKET CAP
47.9M
|
AVERAGE VOLUME 3 mo
204.6K
|
|
|
DILUTED EPS TTM
$-0.02
|
SHARES OUTSTANDING
52.1M
|
|
|
VSMR Does Not Pay Dividends
|
P/E TTM
NM
|
|
| K = Thousands M = Millions B = Billions | ||
VSMR Top Compensated Officers
No compensation data is available at this time for the top officers at this company.
Executives, Board Directors
Key developments for Verify Smart Corp. (VSMR)
Verify Smart Corp. Signs MOU to Form Joint Venture
11/2/2009
Verify Smart Corp. has signed a Memorandum of Understanding (the 'MOU') with Mr. Theodore 'Teddy' Permadi Rachmat of Indonesia. The MOU outlines the terms of an Agreement ('the Agreement') between Mr. Rachmat and VerifySmart to form a Joint Venture Company (the 'JV Company') to introduce the Company's proprietary suite of fraud prevention and detection technologies to financial institutions, businesses, and economic development groups in Southeast Asia, with first right of refusal for Asia and the Middle East. The signing is a timely and strategic move for VerifySmart as it partners the Company's intellectual property with one of Indonesia's wealthiest and most influential businessmen and founder of the multi billion dollar Triputra Group conglomerate. Under the terms of the MOU, the new JV Company will be based on a 50-50 revenue sharing model, and will, merging VerifySmart's in-place development and implementation team with Mr. Rachmat's legacy of influence, immediately access one of the most robust and highly-developed commercial transaction environments in the world. The opportunity for the JV Company lies is the ever-expanding chasm between the unprecedented speed at which Southeast Asia's technological and economic environments develop, and the financial community's inability to harness or eliminate crippling credit/debit card and online transaction fraud loss. VerifySmart's patent pending technology reduced credit/debit card fraud loss numbers to zero in initial testing.
Verify Smart Corp. Signs 50-50 Revenue Sharing Agreement with I-Pay Commerce Ventures Inc
10/27/2009
Verify Smart Corp. signed a 50-50 revenue sharing agreement with I-Pay Commerce Ventures Inc. to initiate a two-stage integration of the company's VerifyTransfer(TM) platform. The agreement commences immediately with an initial three-month pilot undertaken by multiple IPCV remittance offices, whereby IPCV will utilize VerifySmart's VerifyTransfer(TM) platform to securely and safely enable pre-paid Visa cards subscribed from China Trust Commercial Bank. On conclusion of the three-month pilot phase, more than 100 IPCV remittance offices located throughout Southeast Asia, will adopt VerifyTransfer(TM) as their integrated fraud detection and prevention technology.
Verify Smart Corp. has Changed its Ticker to VSMR from VSMRE
10/20/2009
Effective October 20, 2009, Verify Smart Corp. changed its OTCBB stock ticker symbol to VSMR from VSMRE.
VSMR Competitors
| Company | Last | Change | |
| No competitor information is available for VSMR. | |||
| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | VSMR | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 138.6x |
|
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
|
VSMR |
||
|
VSMR transactions
| Type Date |
Target |
|
Private Placement
July 14, 2009 |
-- |
More Recent News About Verify Smart Corp (TEEX): Stock Quote & Company Profile - BusinessWeek
More news for VSMR
VERIFY SMART CORP. Files SEC form 8-K, Regulation FD Disclosure
Show all filings for VERIFY SMART CORP. | Request a Trial to NEW EDGAR Online Pro Form 8-K for VERIFY SMART CORP. 16-Nov-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 purposes only, not intended fo...Click here to read the whole Article (external link)
VerifySmart Signs MOU with Consortium Headed by New York Financial Systems Executive Tony Cinotti; JV to Introduce Credit/Debit Card Fraud Technology to the Americas and Europe
TAGUIG, Metro Manila, Philippines, Nov. 13 /PRNewswire-FirstCall/ - VerifySmart (TM) Corp. (VSMR: OTCBB): ("VerifySmart" or the "Company"), a global leader in secure and fraud free credit/debit card payment processing and transfer services, has signed a Memorandum of Understanding (the "MOU") with New York Financial Systems executive Mr. Tony Cinotti on behalf of a Consortium (the "Consortium") made up of professionals experienced in managing financial services firms across many verticals. The MOU outlines the terms of an Agreement ("the Agreement") between Mr. Cinotti and VerifySmart to form a Joint Venture Company (the "JV Company") to introduce the Company's proprietary suite of fraud prevention and detection technologies to financial institutions, businesses, and economic development groups in North America, South America and Europe. Under the terms of the MOU, the new JV Company will be based on a 50-50 revenue sharing model, and will, merging VerifySmart's technologies with the Consortium's broad-reaching sphere of influence, create a turnkey fraud loss solutions company based in North America's financial capital. VerifySmart technologies reduced fraud to zero in initial production pilots, and recent beta testing exceeded expectations both in deployment speed and fraud loss.The Consortium signing comes on the heels of an announcement last week by VerifySmart, that the Company had signed a parallel JV with Indonesian billionaire Mr. Theodore "Teddy" Rachmat, one of Southeast Asia's most influential business leaders and financiers, to introduce VerifySmart technologies to Southeast Asia, Asia and the Middle East.The Americas and Europe MOU is strategic in that it indicates confidence, by the establishment, of VerifySmart's suite of zero-loss fraud prevention and detection technologies and creates, together with the Asia and Middle Eas...Click here to read the whole Article (external link)
VERIFY SMART CORP. Files SEC form 10-K/A, Annual Report
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion should be read in conjunction with our audited financial statements and the related notes for the years ended June 30, 2009 and June 30, 2008 that appear elsewhere in this annual report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward looking statements. Factors that could cause or contribute to such differences include, but are not limited to those discussed below and elsewhere in this annual report, particularly in the section entitled "Risk Factors" beginning on page 10 of this annual report. Our audited financial statements are stated in United States Dollars and are prepared in accordance with United States Generally Accepted Accounting Principles. CASH REQUIREMENTS There is limited historical financial information about us upon which to base an evaluation of our performance. We have a limited operating history and have not generated any revenues from activities. We cannot guarantee we will be successful in our business activities. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources, and possible cost overruns due to price and cost increases in services. Over the next twelve months we intend to use any funds that we may have available to fund our operations and research and development. Not accounting for our working capital of $378,711 as of June 30, 2009, we require additional funds of approximately $500,000 at a minimum to proceed with our plan of operation over the next twelve months, exclusive of any research and development costs. As we do not have the funds necessary to cover our projected operating expenses for the next twelve month period, we will be required to raise additional funds through t...Click here to read the whole Article (external link)
VERIFY SMART CORP. Files SEC form 8-K, Regulation FD Disclosure
Show all filings for VERIFY SMART CORP. | Request a Trial to NEW EDGAR Online Pro Form 8-K for VERIFY SMART CORP. 4-Nov-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 purposes only, not intended fo...Click here to read the whole Article (external link)
VERIFY SMART CORP. Financials
PERIOD ENDING30-Jun-0931-Mar-0931-Dec-0830-Sep-08Total Revenue - - - - Cost of Revenue - - - - Gross Profit - - - - Operating ExpensesResearch Development - - - - Selling General and Administrative363 3 3 4 Non Recurring - - - - Others - - - - Total Operating Expenses - - - - Operating Income or Loss(363)(3)(3)(4)Income from Continuing OperationsTotal Other Income/Expenses Net(1) - - - Earnings Before Interest And Taxes(364)(3)(3)(4)Interest Expense - - - - Income Before Tax(364)(3)(3)(4)Income Tax Expense - - - - Minority Interest - - - - Net Income From Continuing Ops(364)(3)(3)(4)Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Chang...Click here to read the whole Article (external link)
VERIFY SMART CORP. 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)
VERIFY SMART CORP. Files SEC form 10-K, Annual Report
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion should be read in conjunction with our audited financial statements and the related notes for the years ended June 30, 2009 and June 30, 2008 that appear elsewhere in this annual report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward looking statements. Factors that could cause or contribute to such differences include, but are not limited to those discussed below and elsewhere in this annual report, particularly in the section entitled "Risk Factors" beginning on page 10 of this annual report. Our audited financial statements are stated in United States Dollars and are prepared in accordance with United States Generally Accepted Accounting Principles. CASH REQUIREMENTS There is limited historical financial information about us upon which to base an evaluation of our performance. We have a limited operating history and have not generated any revenues from activities. We cannot guarantee we will be successful in our business activities. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources, and possible cost overruns due to price and cost increases in services. Over the next twelve months we intend to use any funds that we may have available to fund our operations and research and development. Not accounting for our working capital of $404,225 as of June 30, 2009, we require additional funds of approximately $500,000 at a minimum to proceed with our plan of operation over the next twelve months, exclusive of any research and development costs. As we do not have the funds necessary to cover our projected operating expenses for the next twelve month period, we will be required to raise additional funds through the is...Click here to read the whole Article (external link)
Would you like to leave a comment about Verify Smart Corp (TEEX): Stock Quote & Company Profile - BusinessWeek VSMR/VSMR.OB
Find out what social network information about Verify Smart Corp (TEEX): Stock Quote & Company Profile - BusinessWeek are available on RealpenniesWorst 5 - Click here to find out what stocks have been voted down by our visitors and users
Besides Verify Smart Corp (TEEX): Stock Quote & Company Profile - BusinessWeek there is more great information available at Realpennies.com