ACTT.PK - Sector:Services --- Industry:Communications Services

[setravis]

Moving today.....Looks like it put in a nice little base
Bought this @ 0.35

[setravis]

Profile Get Profile for: 

ACT Teleconferencing Inc.
1526 Cole Boulevard
Suite 300
Golden, CO 80401
Phone: 303-235-9000
Fax: 303-233-0895
Web Site: http://www.acttel.com

DETAILS   
Index Membership: N/A
Sector: Technology
Industry: Diversified Communication Services
Full Time Employees: 360


BUSINESS SUMMARY   
ACT Teleconferencing, Inc. provides audio, video, data, and Web-based conferencing services to businesses and organizations in North America, Europe, and Asia Pacific. Its audioconferencing services include continuous monitoring and operator access; security codes; blast dial-out; participant volume control and muting; conference recording, translation, and transcription; digital replay; network management and fault reporting; broadcast faxes, prenotification fax, email, and participant notification; question-and-answer and polling services for investor relations calls; and customized billing. The company's Web conferencing services supplement these offerings. Its videoconferencing offerings include operator-controlled conferences; continuous onscreen presence of all participants; reservations and scheduling management; global room reservations/rentals; videotaping and cassettes; multiple line speeds and voice-activated switching controls; training, installation, and maintenance of equipment; videoconferencing site certification; and event management. ACT offers a suite of Web-based conferencing products and services. These services include ondemand Web conferencing (Web-based visual plus telephone conference call), event Web conferencing, as well as, Web casting or streaming services to support investor relations, medical marketing, distance learning, and event programs. The company operates principally in the United States, Canada, the United Kingdom, France, the Netherlands, Germany, Australia, Hong Kong, and Singapore, as well as virtual locations in Japan, China, Taiwan, Indonesia, Spain, Sweden, Switzerland, Russia, Poland, and South Africa. It serves professional service firms, investment banks, high tech companies, law firms, investor relations firms, telecommunications companies, and other companies. ACT has a strategic alliance with OmniPresence, Inc. The company was incorporated in 1989 and is headquartered in Denver, Colorado.

[setravis]

Press Release Source: ACT Teleconferencing, Inc.


ACT Teleconferencing Pays Off Subordinated Debt
Monday October 31, 1:54 pm ET 
Company Receives $7 Million Bridge Loan From Dolphin


DENVER, Oct. 31 /PRNewswire-FirstCall/ -- ACT Teleconferencing, Inc. (Nasdaq: ACTT - News), an independent worldwide provider of audio, video and web-based conferencing products and services, today announced the repayment of its remaining $5.5 million of subordinated debt due on October 31, 2005. Dolphin Direct Equity Partners, LP ("Dolphin"), a New York-based private equity fund that beneficially owns 32% of our outstanding Common Stock by virtue of its ownership of 80,400 shares of our Series AA Convertible Preferred Stock, provided a $7 million bridge loan to the Company to pay off its subordinated debt. The Company will use the balance of the funds for working capital and to pay expenses related to its recent preferred stock offering.


The bridge loan, which has substantially the same interest rate as the maturing subordinated debt and matures on January 28, 2006, was approved by an independent committee of the Board of Directors of the Company. The bridge loan will be repaid from, or satisfied by application against, the proceeds of the second tranche of the Company's Series AA Convertible Preferred Stock issuance, which was originally scheduled to occur by October 31 through a rights offering to the Company's shareholders. The Company and Dolphin have agreed to delay this transaction until resolution of issues raised by Nasdaq in the third quarter with respect to the Company's listing qualifications. Peter E. Salas and Carlos P. Salas, both principals of Dolphin, serve on the Company's Board of Directors.

"The bridge loan is one more way that Dolphin has shown its support for the Company and its shareholders. Dolphin agreed to extend the time for the rights offering and to grant us a bridge loan to eliminate the remaining subordinated debt. Since we satisfied the subordinated debt on schedule, we received our negotiated discounts," ACT Teleconferencing's CEO Gene Warren said. "The extension gives us additional time to obtain Nasdaq's decision. We want our shareholders to know the status of our listing when they receive the rights offering. With the elimination of the subordinated debt, we can continue to focus on restructuring our business and returning to profitability."

The Company's Board of Directors elected Naomi J. Perry as a Director. Ms. Perry is a Client Industry Executive in EDS' Global Communications Industry group and has over twenty years experience in the IT and telecommunications industries. Zaid Haddad was elected Secretary and designated the Company's Principal Accounting Officer. Mr. Haddad has served as Corporate Controller for the past four months.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities.

Statements made in this news release that are not historical facts may be forward-looking statements. Actual results may differ materially from those projected in any forward-looking statement. Important factors that could cause actual results to differ materially from those anticipated by any forward-looking information include, but are not limited to, the ability of the Company to satisfy all required conditions to the closing of the second offering tranche, the uncertainty of the Company's ability to remain listed on Nasdaq, future economic conditions, competitive services and pricing, new competitor entry, financing, the delivery of services under existing contracts and other factors. For a more detailed description of the factors that could cause such a difference, please see ACT's filings with the Securities and Exchange Commission. ACT disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About ACT Teleconferencing

Established in 1990, ACT Teleconferencing, Inc. is a leading independent worldwide provider of audio, video and web-based conferencing products and services to corporations, educational organizations, and governments worldwide. ACT's integrated global audio and videoconferencing platforms provide uniform international services, customized uniform billing, managed services, and local languages. The Company's headquarters are located in Denver, Colorado, with operations in Australia, Belgium, Canada, France, Germany, Hong Kong, The Netherlands, Singapore, the U.K. and the U.S., and virtual locations in Japan, China, Taiwan, Indonesia, Spain, Sweden, Switzerland, Russia, Poland and South Africa. ACT's Internet address is www.acttel.com.

Contact:

ACT Teleconferencing, Inc., Liza Kaiser

Ph: 303-235-6772; e-mail: [email protected]




--------------------------------------------------------------------------------
Source: ACT Teleconferencing, Inc.

[setravis]

On the move......
+14.29%.......Volume @.......463,716

[setravis]

Moving on up....
+28.57%.....Volume @........647,888

[poorman1]

ACTT is still looking very strong.  Up another 15% today.

A poster from Yahoo!Finance summarized some key points about fundamentals:
The specific guidance from August 16 PR is:
-Revenue between $52.5 and $54.5 million
-Positive operating cash flow through 2005-
-Positive net income in the fourth quarter 2005
-Reduction of $1.5 million in costs during the second half of 2005

[setravis]

Thanks for making a post here poorman1 .
I was getting tired of talking with myself in here.
I like the info you posted for us, and your comments. Did you take up a position ?I give an Applaud to you !! 

Support @ 0.45...0.40...0.29
Resistance @ 0.49...0.51...0.53...0.56...0.59
MACD is Bullish
Stochastic is neutral
Recent CandleStick Analysis
Very Bearish
Nov-09-2005 Inverted Hammer .......As always we need to get further conformation.

Technicals
Close Above the 50-day EMA
Percentage Gainer

Last Price Quote is:
33.84%above 13-day EMA
18.25%above 50-day EMA
RS Rating: 16 

Fundamentals
Key Data:
Market Cap (M): $6.37 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Neutral

[dwest718]

ACTT looks like it could easily get to .75 but much more than that could be a struggle.  Strong resistance at just above .75 but breaking through both 50 dma and 200 dma on gap ups indicates strength.  Watch RSI... indicating a bit overbought.  But this thing is still strong after hammering on top of the 200 dma.  I'd hold to .75 but after that I'm not too sure.

[dwest718]

Is that what ya wanted setra?    I do what I can... sometimes I get it right...and sometimes I don't.

[stocks2watch2]

I'm in too. Bought the day you posted. Applaud for another good pick. Hope we see another run like on 11-2. In @.42 looking for .75+.

[setravis]

Is that what ya wanted setra? I do what I can... sometimes I get it right...and sometimes I don't.

Just what the doctor ordered dwest718.
Nice work on your TA. Applaud....
If you find the time, give us one of your awesome TA's on the INTC thread.

I'm in too. Bought the day you posted. Applaud for another good pick. Hope we see another run like on 11-2. In @.42 looking for .75+.

Thanks for the comments and applaud stocks2watch2. Maybe we can make a nice profit.
Return the Applaud...

[stocks2watch2]

ACT Teleconferencing to Release Third Quarter 2005 Earnings
11/11/2005 1:07:16 PM


DENVER, Nov 11, 2005 /PRNewswire-FirstCall via COMTEX/ -- ACT Teleconferencing, Inc. (ACTT), an independent worldwide provider of audio, video and web-based conferencing products today announced that it plans to release financial results for the Third Quarter 2005 on November 15, 2005, at 1:00 p.m. Mountain Standard Time. During the call, CEO Gene Warren and Chief Accounting Officer Zaid Haddad will review the company's financial results for Third Quarter 2005. Prior to the call, a press release regarding the financial results will be issued.

To participate in the call, please dial in at least 15 minutes prior to the scheduled start time. The event will be broadcast via audio and the Internet. A replay of the call will be available for three months. The information for the call and the replay are listed below.

Conference Telephone Dial-In Numbers via ActionCall
     Reservation number:  11044651
     United States and Canada:  1-800-219-6110
     Denver and International locations: 1-303-262-2211

    Internet via ActionCast

To view the call via the Internet, please go to www.events.acttel.com/q3_2005 and complete requested information to register.

Replay via ActionReplay and via ActionCast

To access the audio replay of this event, for United States and Canada, dial 1-800-405-2236, passcode 11044651#. For Denver and international locations, dial 1-303-590-3000, passcode 11044651#. For the Internet replay, go to www.events.acttel.com/q3_2005.

[stocks2watch2]

ACT Teleconferencing Reschedules Third Quarter 2005 Earnings Call
11/14/2005 7:05:27 PM

DENVER, Nov 14, 2005 /PRNewswire-FirstCall via COMTEX/ -- ACT Teleconferencing, Inc. (ACTT), an independent worldwide provider of audio, video and web-based conferencing products today announced the rescheduling of its third quarter earnings call to November 22, 2005, 2:15 p.m. Mountain Standard Time. Company executives will demonstrate the efficiency of its seamless global conferencing technology by presenting third quarter results from different international locations. CEO Gene Warren will present from Sydney, Australia, Chief Technology Officer Mark Kelly from Ottawa, Canada, and Vice President of Operations Ken Knopp from the United Kingdom. Chief Accounting Officer Zaid Haddad will review third quarter financials from Denver, Colorado. Prior to the call, a press release regarding the financial results will be issued.

To participate in the call, please dial in at least 15 minutes prior to the scheduled start time. The event will be broadcast via audio conferencing and the Internet. A replay of the call will be available for three months. The information for the call and the replay are listed below.

Conference Telephone Dial-In Numbers via ActionCall
    Reservation number:  11044651
    United States and Canada:  1-800-219-6110
    Denver and International locations: 1-303-262-2211

To view the call via the Internet, please go to www.events.acttel.com/q3_2005 and complete the requested information to register.

[stocks2watch2]

SETRAVIS, Are you still in ACTT?  What's your opinion on it now? I added more on yesterdays drop @ .40. The delay in earnings has me a little concerned. They are going to present from different parts of the world to demonstrate their equipment, hopefully that's the reason for the delay.  ''Company executives will demonstrate the efficiency of its seamless global conferencing technology by presenting third quarter results from different international locations. CEO Gene Warren will present from Sydney, Australia, Chief Technology Officer Mark Kelly from Ottawa, Canada, and Vice President of Operations Ken Knopp from the United Kingdom. Chief Accounting Officer Zaid Haddad will review third quarter financials from Denver, Colorado.''

[stocks2watch2]

I'm out.

ACT Teleconferencing's Request for Continued Listing Denied by Nasdaq Panel
Delisting Effective November 17, 2005
11/16/2005 10:07:43 AM


DENVER, Nov 16, 2005 /PRNewswire-FirstCall via COMTEX/ -- ACT Teleconferencing, Inc. (ACTT), an independent worldwide provider of audio, video and web-based conferencing products and services, today announced that yesterday the Company received the Nasdaq Listing Qualifications Panel's decision to deny ACT's request for continued listing on the Nasdaq Stock Market. As a result, the Company's common stock will be delisted from the Nasdaq National Market as of November 17, 2005.



The Panel ruled that the Company was not in compliance with Nasdaq rules because the Company's common stock failed to meet the minimum $1.00 bid price; the Company's stockholders' equity was below the minimum $10,000,000 requirement as of June 30, 2005; the Company's board did not satisfy independent director and audit committee requirements as of August 19, 2005; the voting rights of the Company's Series AA Convertible Preferred Stock violate Nasdaq's voting rights rule; and the board representation of the initial investor in the Series AA preferred stock is in excess of the investor's proportional equity ownership (NASD Marketplace Rules 4450(a)(5), 4450(a)(3), 4350(d)(2), and 4351).