ONGO: Finding that Perfect Mix! ONGO – Stock Guru Profile – On the Go On the Go Technologies Group is finding that perfect mix: the most lucrative contracts with the minimum expense and cost!Link here to view their corporate video. Revenues from sales for the three and nine month periods ended April 30, 2007 were $5,227,952 and $18,538,153. ONGO has introduced a minimum acceptable margin on sales orders accepted. This focus on niche market transaction has generated higher margins. By being more selective in the orders taken and focusing on transactions that are more unique and therefore generate higher margins, ONGO is confident higher revenues will result. The cost of sales was $4,241,681 and $15,249,945 for the three and nine month periods ended April 30, 2007 compared to $6,763,737 and $18,352,793 for the three and nine month periods ended April 30, 2006. The decrease in cost of sales in the three and nine month periods ended April 30, 2007 compared to the three and nine month periods ended April 30, 2006 was primarily due to the overall decrease in transactions; as a result ONGO is seeking higher margin contracts. Gross profit for the three and nine month periods ended April 30, 2007 totaled $986,271 and $3,288,208. Selling, General and Administrative Expenses decreased to $1,027,116 and $4,267,926 for the three and nine month periods ended April 30, 2007. This overall reduction in transactions will allow ONGO to reduce overhead expenses. Staffing needs and other administrative expenses are being closely managed to grow ONGO efficiently at reduced costs. On The Go is closely watching expense and revenue to find that perfect balance. For more information, visit http://www.otgtech.com or http://www.otgtech.com/video. To view a company profile, visit http://www.otgtech.com/pp.pdf. To be added to On The Go Technologies Group’s e-mail list for company news, visit http://www.otgtech.com/new_site/inv_pkg_form.htm. Source: On the Go Stuart Turk, CEO On The Go Technologies Group 85 Corstate Avenue Concord, Ontario L4K 4Y2 Canada Phone: (905) 669-7979 Toll Free: (800) 295-5877 Fax: (905) 660-5738 Email: info@otgtech.com This release contains forward-looking statements that involve a number of risks and uncertainties. These forward-looking statements contain words such as “expects,” “believes,” “anticipates” and “intends.” Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to, economic conditions affecting the B2B environment; continued ability to obtain hardware, software and peripherals at competitive costs; the company’s ability to finance its planned expansion efforts; the company’s ability to manage its planned growth; and changes in regulations affecting the company’s business and such other risks disclosed from time to time in the company’s reports filed with the Securities and Exchange Commission. The company does not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in management’s expectations, except as required by law. Pentony Enterprises LLC has been compensated a total of 3,209,220 restricted 144 shares of stock and $23,500. Pentony Enterprises LLC is not a registered investment adviser or broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site are suitable or advisable for any person or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Disclosure: StockGuru.com is owned and operated by Pentony Enterprises LLC,9555 Lebanon Road, Suite 103, Frisco, Texas 75035. Telephone: (214) 458-4258. Web: StockGuru.com. Email: Publisher@stockguru.com.
StockGuru Blog: On the Go – Finding the Perfect Contacts for the Perfect Revenue! ONGO Up as Much as 59% Since Coverage Initiated
June 26, 2007 at 9:13am
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