Tuesday, May 25, 2010
MediaNet Group Technologies, a DubLi Subsidiary Announces Results for Second Quarter and First Half of 2010
BOCA RATON, FL -- 05/25/10 -- MediaNet Group Technologies, Inc. (OTCBB: MEDG), a worldwide marketing firm, today announced financial results for the second quarter and six months ended March 31, 2010.
For the second quarter ended March 31, 2010, revenues increased 41% to $7,030,213 compared to $4,999,126 for the second quarter ended March 31, 2009. Gross profit in the second quarter was $2,665,566, or 38% of revenues, compared to $1,958,549, or 39% of revenues, in the same period of 2009, an increase of 36% over the second quarter of 2009. Net income in the second quarter was $836,601 resulting in earnings per basic share of $0.03 and per fully diluted share of $0.00, as compared to net income for the second quarter of 2009 of $676,382, and earnings per basic share and fully diluted share of $0.03. In the second quarter of 2010, the weighted average number of basic and fully diluted shares outstanding was 28,484,206 and 339,037,717, respectively. In the same period of 2009, the weighted average number of shares outstanding was 20,674,802 on both a basic and fully diluted basis. The increase in basic shares outstanding between the periods is primarily attributable to the exercise of warrants. The substantial increase in fully diluted shares outstanding is due to our issuance of 5 million shares of Series A Convertible Preferred Stock in October 2009.
For the six months ended March 31, 2010, revenues increased 77% to $14,520,401 compared to $8,187,410 for the six months ended March 31, 2009. Gross profit in the six month period ended March 31, 2010 was $5,098,205, or 35% of revenue, compared to $2,930,317, or 36% of revenue, in same period of 2009, an increase of 36% over 2009. Net income in the first six months of 2010 was $1,293,470 resulting in earnings per basic share of $0.05 and per fully diluted share of $0.00, as compared to net income for the first six months of 2009 of $562,286, and earnings per basic and fully diluted share of $0.02. In the first six months of 2010, the weighted average number of basic and fully diluted shares outstanding was 28,484,206 and 277,167,462, respectively, as compared to the same period of 2009, when the weighted average number of shares outstanding was 20,674,802 on both a basic and fully diluted basis.
Commenting on the first half of 2010 results, Michael Hansen, President and Chief Executive Officer, stated, "We are excited that our unique operating strategy successfully maintained momentum and growth during the first half of 2010. We have successfully commenced our US operations to one single location in Boca Raton. We believe that the execution of our prudent and measurable operating strategy will continue to widen the gap between DubLi and any potential competitors during a time where many established shopping portals are struggling due to lack of flexibility and scalability. Our comprehensive operating, growth and financial strategies of the entire DubLi universe are all designed to maximize our relationship with the end consumer and provide them with the best possible experience when visiting our site. We continue to deliver a superior product that has genuine value to the consumer which we believe will drive them to return to our model. One of our competitive advantages is that our business model allows us to offer whatever is in demand at a particular moment in time, regardless of economic issues, and without having to consider ties to any vendor or manufacturer."
Kent Lee Holmstoel, Chief Operating Officer, continued "While executing on growth strategy we have simultaneously been investing considerable time, resources and capital into technology that we believe will set new trends for Internet shopping in the future. These investments include providing proper training and support of our sales and marketing engine, DubLi Network, as well as developing our global auction portal that will allow us to capitalize from consumers all over the globe. We are also focused on continuing to identify and take advantage of the changing dynamics of consumer behavior by giving them tangible aspects from which to continue to return to our portals."
DubLi.com, a global online shopping community features over 1,100 brick & click and traditional online stores its US DubLi Cash Back Rewards Mall. DubLi online shopping community members enjoy up to a 30% cash back reward if they shop and purchases products in the DubLi Cash Back Rewards Mall. A DubLi Smart Shopper saves up to 60% in discount PLUS the cash back reward. Go to http://www.itsfunfastfree.com for the best deals on the Web.
If you purchase 10 credits ($8 USD) to bid in the DubLi Auctions, you get a $500 travel voucher and a $25 gift certificate from restaurant.com Register here: http://www.itsfunfastfree.com
DubLi Shopping Consultant
Friday, April 23, 2010
DubLi announced today that the growth and expansion of its global eCommerce business model continues. This is, without exception, an amazing accomplishment as DubLi forges forward to move the business upward.
DubLi.com launched its global eCommerce business in November 2009 in Australia and New Zealand. By June 2010 the Australian platform will equal that in North America and Europe.
The following additions to DubLi.com for Australia will be launched in June 2010:
- The Australian platform will go live! This means that all of the incredible, top of the line products showcased on our North American and Europe platforms will also be on the Australian platform.
- No more international transactions or exchange fees! Not only will Australian and New Zealand auctions now reflect the AUD currency, but the customers will be able to pay in the country’s currency – making fun shopping that much more fun!
- Local delivery for Australia will begin! Beginning in June, the auction products will be delivered through a central and local DubLi facility in Australia. New Zealand customers will receive items from the Australian distribution center as well. Bottler!
- The expansion of the Australian shopping mall is well under way. The addition of 45 stores has now been completed for this mall. Some of these new merchants include: Lenovo, Dell, Vodafone, Hotels.com, Qantas, and Budget, just to name a few. The Australian mall now offers nearly 600 merchants for a large variety of products and all of their shopping needs. And, the expansion will not stop there. DubLi will continue to add more merchants regularly offering its Customers more choices and bigger bargains. The goal is to make the Australian mall as grand as the Sydney Opera House!
Other DubLi News
Live in the Fast Track with Al Unser Jr.
In keeping with the DubLi philosophy of providing top of the line, cutting edge merchandise and the most exclusive items on our auctions, DubLi is terribly excited to share that our celebrity auction with Al Unser Jr. continues. This auction provides a once in a lifetime opportunity to not only meet the legendary race car driver but to learn from him and drive under his direction. Not to mention roundtrip airfare, deluxe accommodations and dinner with Little Al. Could it get any better than this? Maybe…but to discover what other fabulous celebrity auctions await, you will have to visit us more often! The value of the first celebrity auction is $32,980. The auction ends May 10, 2010. >>To the auction
The DubLi Gold Rush
Krugerrand - Gold Coin
Another DubLi exclusive available on the Unique auction, is the Krugerrand, a gold coin from South Africa. With this pure 24 karat gold coin, establishing financial security could not get any easier. The value of the coins is $1,250 and will only go up in value. The auction ends April 26, 2010. >>To the auction
Two 24-Karat 10.0-Ounce (0.6 lb) Gold Bullion Bars
For centuries, gold has held its place in the world’s financial markets. And, at times has proven more than beneficial to those who have exchanged it and traded it – cashing it in for large financial returns. These gold bullion are not your typical gold purchases – the term bullion denotes the recognized weight and fineness of the gold. Each 10.0 ounce gold bullion is 24 karat, hallmarked – an indication of the metal content, have assigned serial numbers, and have a purity of .995 millesimal fineness. The value of the two bars is $22,500 or more. The auction ends on May 3, 2010 >>To the auction
What is the value of an 80¢ DubLi Auction Credit?
It only costs 80¢ to place the winning lowest unique bid in the fast moving auctions. It only gets better when consumers purchase 10 bids they get a $500 resort voucher and US customers also get a $25 gift certificate from restaurant.com. New customers register here.
Each credit is one bid in the DubLi Xpress or Unique Bid Auctions where our members are getting up to 97% discounts on debit cards from Visa, MasterCard and AMEX gift cards from your favorite stores and the most popular brand name products sold on the web. DubLi has done the price comparison for you and starts the price at the lowest price found online GUARANTEED. Recent completed auctions saved DubLi Shoppers thousands of dollars.
Real Help Real Savings in the DubLi Cash Back Reward Mall
The DubLi Cash Back Rewards Mall is the world's largest online shopping site. DubLi has negotiated with brick-and-click and online stores to give its members cash back rewards every time they shop in a DubLi Merchant Partner’s online store. Every DubLi shopping member gets their own Personal Cash Back Rewards Mall where they save up to 60% and earn up to 30% cash back rewards on every purchase from over 1,100 of the best brick-and-click and online stores in North America and 600 online stores in Australia and New Zealand. Over the next few months DubLi will be adding hundreds of more stores in North America and Australia and adding Merchants in Europe, Japan, Latin America and other countries as well. New customers register here.
Real Help, Real Savings Tip: Before you go shopping this week, go to the DubLi Cash Back Rewards Mall and see if you favorite grocery or drug store has a gift card with cash back rewards. Then click on the Instant Print Coupons button at the bottom of the page. The Big Brand Coupons site has instant print coupons for all the brand name grocery and health and beauty products you need and love.
The DubLi Customer Experience is Save More, Live Better!
DubLi Shopping Consultants Team
Friday, April 16, 2010
Everyone these days writes email, whether for business, job search or personal communication. This article helps you to learn to write email that's easy for the recipient to understand and will more likely send a response.
I write hundreds of emails a week and still learn something from every email. Most of us did not learn to write email in school, yet knowing how to write email is an invaluable skill in the workplace. This is particularly true for those in (or looking for) telecommuting jobs or home businesses.
A well-written email makes it easy for the recipient to understand and act on its message. In the job search, email may precede or even replace the face-to-face first impression, so proper punctuation and coherent messages are key. And for business communications, unclear emails cause confusion and delays. Follow these tips to write effective emails to colleagues, clients, prospects, hiring managers and even friends and family.
First, consider the message and the recipient.
An email should start in your mind, not with your fingers on the keyboard. To write email effectively, first consider why you are writing it. What kind of response would you want? What message do you wish to impart? If you are requesting information, applying for a job or promoting a product or service, be sure your request for action by the recipient is clear.
Next, consider the point of view of the recipient. What information does he or she need to take action or understand your message? Give necessary (but not excessive) background information. Also keep in mind appropriate etiquette for this particular recipient. Emoticons and abbreviations, like OMG or LOL, are not appropriate in job applications and business email.
Write a good email subject line.
When you write email, do not leave the subject line blank or write something vague like "hi" or "work at home jobs." Emails with this kind of subject line have a good chance of ending up in the recipient's spam box or simply being ignored. If you are applying for a job, put the name of the position in the subject line. If the email is for business communication, make your subject line a short phrase that sums up the purpose of the message. To compose the perfect email subject:
- Give the message's bottom line. If your email comprises multiple topics, consider breaking it into multiple messages.
- Summarize the message — why you are writing and what you want to be different after the recipient has read your email — instead of describing it. If you invite somebody to a Webinar, use "Invitation: DubLi Online Shopping Training, Tuesday, April 13, 2010 6:00 PM” instead of a plain "DubLi Online Shopping Training".
- Be precise. Include detail that allows the recipient to identify what you are talking about quickly and unambiguously.
- If your message requires the recipient's action, say so; preferably with the first word.
- Leave out unnecessary words. Email subjects need to be concise. Skip articles, adjectives and adverbs.
Greet the recipient properly.
If you know the name of your recipient but don’t personally know him or her, greet by using a title, i.e. Dear Ms. Brown. (Use “Ms.” for women when uncertain whether “Mrs.” or “Miss” is appropriate.) If you are uncertain about gender, simply use the first and last name, i.e. Dear Chris Smith. If you don’t know the person’s name, begin your email with no greeting or use a simple greeting, i.e. Hello, Greetings, Dear Manager, etc.
If the email is to a colleague or someone else you know use the name you would use in person or on the phone.
Use correct grammar and punctuation.
I cannot emphasize enough how important it is to use correct grammar in email. Consciously or subconsciously, readers penalize senders for grammatical errors.
- Run-on sentences - When you write email, don't spare the periods. That small pause gives readers time to take in the words' meanings. Short sentences allow for more of these tiny pauses. Break up long sentences even when they are not technically run-on sentences.
- Commas - Too few or too many commas can be confusing. Learn to use the comma correctly.
- Subject-verb agreement - Sentences with this type of error are red flags for employers seeking candidates with good communication skills. Review rules for subject-verb agreement.
Check spelling and capitalization.
Use a spell checker, but don't rely on it. A spell checker won't catch "they" for "the" or "there" for "their." And this type of error indicates carelessness.
Use correct capitalization. Most people know to capitalize the beginning of the sentence and proper nouns, but many fail to do so in emails. Show that you don’t mind taking that extra fraction of a second to hit the shift key. On the other hand, too many capital letters can distract the reader. Avoid writing phrases in all caps (which many interpret as the equivalent of screaming in person) as well as capitalizing, just for emphasis, the first letter of words that are not at the beginning of a sentence or proper nouns.
Use simple formatting in email.
Remember that email programs all display differently. What looks perfectly aligned on your screen may run together on someone else's. For this reason, avoid pasting a highly formatted word-processing document, like a resume or cover letter, into an email. Use documents that are written in plain text format.
Make paragraphs short. Like periods, paragraph breaks give the reader's eye a rest. Someone reading email on a small screen, like a Blackberry, will benefit from short paragraphs. But be careful to still follow basic rules regarding paragraphs.
Meandering emails that bury the point get put aside in a folder and eventually forgotten. Or worse, they may be misunderstood. Make your purpose clear, using concise language.
- Eliminate wordiness. Write with active verbs. "Jack sent me the forms" uses an active verb. "The forms were sent to me by Jack" is passive. The passive form only uses a few more words, but it adds up. More than that, it requires readers to rearrange the ideas in their heads.
- Stick to the point. Resist the temptation to add extraneous information or ideas. Save these for another email.
- Use bullet points. These allow your reader to use visual clues to take in what's important. But if in doubt about how bullets will display, use asterisks or hyphens to create bullets.
Sign email appropriately.
If your email defaults to a standard signature be sure it is appropriate for the particular email you are sending. Signatures with political statements or the names and ages of your children are fine for personal email, but for work use a less personal signature. Depending on your business and your employer, you may still personalize your email signature with a quote. But choose something non-controversial. If you are inquiring about a job, use your signature to give appropriate contact information without any quotes or extra personalization.
Reread/rethink before hitting send.
Check for spelling and punctuation errors before you hit send. If you find an error in an email for a job application, fix it then reread again before you hit send. But also reread for content. If your email is long, think about ways to make it more concise. And if your email is controversial or was written in anger, hit save not send. Come back to it a few hours or a day later and see if you still want to send it.
Send a Test Message
Before you actually send your email, send the message to yourself first to test that the formatting works. If everything looks good, resend to the employer.
About.com offers a free 5-day Email Etiquette>> http://email.about.com/c/ec/7.htm
Real Help, Real Savings Tip: When you plan your next vacation, start by shopping on DubLi. You won’t have to go anywhere else for the BIGGEST SAVINGS. Free membership: http://dubli.com/video-2959282
The DubLi Customer Experience is Save More, Live Better!