Plainview, NY and New Orleans, LA., November 5, 2007 - Enabl-u Technologies Corporation (Enabl-u) and ResponseForce1 Corp. (ResponseForce1) today announced that the companies have entered into a strategic partnership agreement under which ResponseForce1, experts in Disaster Preparedness and Emergency Management Solutions, will be the exclusive marketer and provider of a suite of software solutions targeted at the Emergency Response and Disaster Preparedness Industry. The terms of the transaction were not disclosed.
The earnings release is detailed but not informative. Their disclosure and lack of explanation of the increased pension costs they term as "one time" leaves a lot to be desired, as does their cryptic mention of an acceleration of $57.7M in 401k costs that will hit in Q4. I cannot tell for sure whether the pension costs are the entire reason for the "adjusted" earnings computations. And that $57.7M hit looks like it will seriously impact Q4 earnings, assuming it is deductible.
Also, there is no balance sheet info. I'll look forward to their 10Q, but so far, I'm unimpressed by their disclosures.
Great points. Their forward looking "guidance" was more a statement of "objectives" with low double digit type numbers and growth in "cash" as an objective more than growth in the business.
Got the feeling they have this basic business that they're ramped up about as far as it can go but the growth model for more rapid acceleration of earnings just isn't there. The stock is priced for a company with rapid growth and I can't see it from the report where this is going to come from...