ACGI.OB -

[basonista]

Umm... Can you say, "ON FIRE"!!!!!   Yes, over 6 bags in 2 weeks.

The Amacore Group, Inc. markets vision care benefit plans and enhancements to plans provided by others. Its benefit plans and plan enhancements provide members and members of its plan sponsors, including employers, associations, and other organizations the opportunity to obtain discounted eye care services and products from the company?s network of ophthalmic physicians, optometrists, and eyewear suppliers. The company offers comprehensive eye care service package, including elective cosmetic surgical procedures, such as LASIK or vision correction surgery, CO2 laser skin resurfacing or wrinkle removal surgery, and other laser surgical procedures performed by ophthalmologists. The Amacore markets its vision care plan to corporations for their employees; large sales organizations, such as insurance companies and sellers of multidiscount programs; and affinity groups, including religious, fraternal, trade, and professional organizations. The company was founded in 1993 by Clark A. Marcus and Sharon Kay Ray. It was formerly known as Eye Care International, Inc. and changed its name to The Amacore Group, Inc. in 2005. The company is based in Tampa, Florida.

[setravis]

(ACGI.OB)
Amacore Announces Convertible Financing to
Support Affordable Health Insurance Products
Monday's session saw stocks lose gains posted on Friday on oil prices
continuing to rise and Citigroup warning that the credit crunch could
harm fourth quarter results. The Dow lost the psychological support
area of 14,000, down over 100 points on the day. Lost in the shuffle was
a President Bush speech on some of the financial problems facing the
economy. Bush admonished Congress for failure to send him a spending
bill, and warned lawmakers to trim their plans or face rejection. One
of the main issues the two parties are debating is a children's health insurance
program which would cost Americans $35 billion more over five
years. Bush has already vetoed the bill once, and noted that a compromise
could take place if lawmakers agree to only a $5 billion increase.
Congress is set to vote on a presidential override on Thursday, but the
bill was not expected to garner the needed votes. One company in the
small cap space is watching intently on the upcoming vote and possible
legislation. Amacore Group Inc. (ACGI) offers innovative and affordable
healthcare solutions to families, individuals, small and large employer
groups, and association markets through a wide array of unique products,
benefits and services created for the consumer driven healthcare
market. The Company also offers a unique and proprietary administrative
system that supports call center management, agent distribution
and affinity marketing for all levels of product delivery and reporting. The
Company has created several limited medical programs that include
their new Diamond Series and Discount Medical programs, featuring
Smarthealth Plus and Smarthealth Premier that expand the Company's
offerings beyond its very successful eye care program, Eye Care International.
These new programs offer discounts on quality hearing,
dental, vision and doctor visits, among other benefits. The Company
is aggressively signing distribution and sales contracts with marketing
companies to offer these programs nationwide. On Monday, the Company
announced some fairly favorably backing from a fund in the form of
convertible financing. The Company reported that Vicis Capital Master
Fund had further expanded its investment in The Amacore Group by
purchasing additional shares of the Company's convertible preferred
stock for $3.0 million, convertible at $5. Clark A. Marcus, CEO of The
Amacore Group, said in the press release, "This $3 million will go into
capital for acquisitions and the expansion of our existing business both
through increased sales efforts and development of new product offerings.
Our mission is to provide access to affordable healthcare for the
47 million Americans who are currently uninsured. We believe that discount
programs and healthcare packages such as those The Amacore
Group offers are the future of US healthcare. While the politicians and
lobbyists argue over how to fix what is a broken system, we are offering
something right now to make quality healthcare more affordable for all
Americans." With the Company's attempt at offering affordable health
insurance to the millions of Americans currently uninsured, the legislation
currently being debated is of significant importance. While the financing
may have been at favorable terms which caused the 18% spike
in the stock's price on Monday, the name will certainly have to continue
to grow revenue and bottom line numbers at significant paces to support
any long term move considering dilution which has seen shares
outstanding rise from 57.7 million to 98.4 million year over year. With
these things in mind, share holders would be wise to watch.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Below are the 6 Month and 1 Year Charts.......

[penny-trader0214]

Their revenue is growing. Quarterly revenue growth 379.60% (according to yahoo.com)
If you look at the balance sheet, their cash almost cover all of the total liabilities.
Balance sheet: http://finance.yahoo.com/q/bs?s=ACGI.OB

The stock made new high on:

- October 15, 2007 at 72 cents because Amacore receives $3M from sale of convertible preferred stock to Vicis Capital Master Fund. CEO of  The Amacore Group said, "This $3 million will go into capital for acquisitions and the expansion of our existing business both through increased sales efforts and development of new product offerings." He added, "Our mission is to provide access to affordable healthcare for the 47 million Americans who are currently uninsured. We believe that discount programs and healthcare packages such as those The Amacore Group offers are the future of US healthcare. While the politicians and lobbyists argue over how to fix what is a broken system, we are offering something right now to make quality healthcare more affordable for all Americans."
Complete news:
http://biz.yahoo.com/bw/071015/20071015005040.html?.v=2

- October 11, 2007 at 65 cents because The Amacore Group, Inc. acquires Lifeguard Benefit Services, Inc. This acquisition will give Amacore new distribution channels, revenue stream, and professional staff. Lifeguard generated $4.3 million in revenue and was profitable in 2006. Revenues for 2007 are projected to be approximately $12 million and on track for another profitable year. 
Complete news:
http://biz.yahoo.com/bw/071010/20071010005893.html?.v=1

Older news: on August 29, 2007 The Amacore Group Acquires New Jersey-Based JRM Benefits Consultants LLC in Stock Purchase Agreement. JRM Benefits Consultants, LLC operates a 10-seat call center. This is the first call center entirely controlled by Amacore Group, and it will be dedicated to selling Amacore's products beginning with term life insurance and then integrating additional Amacore healthcare programs.
Complete news:
http://biz.yahoo.com/bw/070829/20070829005154.html?.v=1

About The Amacore Group, Inc.:

Amacore offers health insurance, life insurance, limited medical coverage, and health savings programs designed to provide consumers with a broad array of product offerings.  Amacore creates and provides innovative, affordable, healthcare solutions for individuals and families.  With a consumer-focused reputation built on innovation, Amacore is dedicated to providing an array of products unique in the industry today.   Amacore offers a business partner model that leverages development innovation with technology that creates a partner approach that is industry-leading, supportive, and cutting edge.

Average volume (3 months): 165,223
Market cap: 72.92 M
Shares outstanding: 121.54 M
Float: 89.12 M

The Amacore Group, Inc.
1211 North Westshore Boulevard
Suite 512
Tampa, FL 33607
United States - Map
Phone: 813-289-5552
Fax: 813-289-5553
Web Site: http://www.amacoregroup.com

[setravis]

"ACGI.OB" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.                                                          
All history on a stock pick in 1 thread is awesome.                                                            
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock.                                                             
Thank You....and good luck with all your trades....make some $$$                 

[penny-trader0214]

The Amacore Group, Inc. Receives Additional $3 Million from Sale of Convertible Preferred Stock to Vicis Capital Master Fund
Tuesday January 22, 8:00 am ET

Funds To Be Used For Acquisitions, Expansion Of Existing Business
LAKE MARY, Fla.--(BUSINESS WIRE)--The Amacore Group, Inc., (OTC BB: ACGI - News), a leader in providing health-related membership benefit programs, insurance programs, and other innovative and high-quality solutions to individuals and families across the country, today announced that Vicis Capital Master Fund has further expanded its investment in The Amacore Group by purchasing additional shares of the Company's convertible preferred stock for $3.0 million, convertible at a peg price of $5. This follows a similar investment made in October.

Clark A. Marcus, CEO of The Amacore Group, said, "This infusion of capital is yet another vote of confidence in Amacore by Vicis. In the last few months, we have added additional distribution channels, provider networks, new products and acquired Texas-based LifeGuard Benefit Services, Inc., which provides insured and non-insured health benefits along with its services to over 1.5 million families."

He added, "Amacore's plans for 2008 are to continue with this growth both organically and by acquisition where appropriate. In 2007, we put the machinery in place for a breakthrough year in 2008. That breakthrough became visible in the last quarter of 2007, and we expect it to expand rapidly in 2008.

Shad Stastney, a partner of Vicis Capital, stated, "Amacore's growth is proceeding very rapidly, and we are very pleased with their progress. We are making this investment in the company to further demonstrate our commitment to their innovative and comprehensive approach to the healthcare marketplace.

With the additional capital provided Amacore can virtually expand at will and acquire opportunities that present themselves. America's healthcare system is broken, and Amacore is one of the few entities with a solution that is available right now, that doesn't need approval from Washington and that everyone can afford. We are extremely confident of great things from Amacore in 2008."

About Vicis Capital, LLC

Vicis Capital, LLC is the investment advisor to Vicis Capital Master Fund, a multi-strategy hedge fund. Vicis Capital, LLC is based in New York, NY.

About The Amacore Group, Inc.

The Amacore Group, Inc. (www.amacoregroup.com) offers innovative and affordable healthcare solutions to families, individuals, small and large employer groups, and association markets through a wide array of unique products, benefits and services created for the consumer driven healthcare market. The Company also offers a unique and proprietary administrative system that supports call center management, agent distribution and affinity marketing for all levels of product delivery and reporting. Amacore has created several limited medical programs that include its new Diamond Series and Discount Medical programs, featuring Smarthealth Plus and Smarthealth Premier, which expand the Company's offerings beyond its very successful eye care program, Eye Care International (www.ecivisionplan.com). These new programs offer discounts on quality hearing, dental, vision and doctor visits, among other benefits. Amacore is aggressively signing distribution and sales contracts with marketing companies to offer these programs nationwide. Through its wholly-owned subsidiary, LifeGuard Benefit Solutions, Inc., Amacore now has the ability to provide administrative and back-office services to other healthcare companies in addition to expanding its own call center capability through its wholly-owned subsidiary, JRM Benefits Consultants, LLC.

This press release contains forward-looking statements that are subject to risks and uncertainties. These forward-looking statements include information about possible or assumed future results of our business, our ability to achieve a break through year, financial condition, future acquisitions, liquidity, results of operations, plans and objectives. In some cases, you may identify forward-looking statements by words such as "may," "should," "plan," "will," "intend," "potential," "continue," "believe," "expect," "predict," "anticipate" and "estimate," the negative of these words or other comparable words. These statements are only predictions. One should not place undue reliance on these forward-looking statements. The forward-looking statements are qualified by their terms and/or important factors, many of which are outside the Company's control, involve a number of risks, uncertainties and other factors that could cause actual results and events to differ materially from the statements made. The forward-looking statements are based on the Company's beliefs, assumptions and expectations of our future performance, taking into account information currently available to the Company. These beliefs, assumptions and expectations can change as a result of many possible events or factors, including those events and factors described in "Risk Factors" in the Company's Annual Report of Form 10-KSB for the year ended December 31, 2006 filed with the Securities and Exchange Commission, not all of which are known to the Company. The Company will update the information in this press release only to the extent required under applicable securities laws. If a change occurs, the Company's business, financial condition, liquidity and results of operations may vary materially from those expressed in the aforementioned forward-looking statements.

Contact:

The Amacore Group, Inc.
Jay Shafer, President
or
Porter, LeVay & Rose, Inc.
Linda Decker, VP – Investor Relations
Bill Gordon, SVP – Media Relations
212-564-4700

Source: The Amacore Group, Inc.

[setravis]

The Amacore Group Reports 2009 Financial Results


MAITLAND, Fla., Apr 09, 2010 (BUSINESS WIRE) -- The Amacore Group, Inc., (ACGI, Trade ), a leader in providing membership benefit programs, insurance programs, program administration services, and other innovative and high-quality benefit solutions to individuals, families and employer groups nationwide, reports financial results for the year ended December 31, 2009.

2009 Financial Highlights:

-- Total revenue was $28.8 million compared with $29.5 million in 2008. Included in the year-ago revenue was revenue generated from a large volume marketer with whom Amacore has discontinued its relationship. During the year the company entered into several new direct response marketing partnerships which have lowered customer acquisition costs, thereby increasing profitability, but which have not yet achieved comparable transaction volume;

-- Cost of sales decreased $1.4 million to $19.4 million from $20.8 million in 2008;

-- Gross profits improved to $9.4 million for the year compared with $8.7 million in 2008;

-- Gross profit margins in 2009 improved to 32.6 %, compared with 29.4% in 2008;

-- Operating expenses for the year decreased by 24.3% to $35.2 million, an $11.3 million decrease from $46.5 million in 2008;

-- Loss from operations in 2009 was reduced to $25.8 million from a 2008 loss of $37.9 million. Excluding amortization, depreciation, impairment loss on goodwill and other intangible assets, and the reversal of a loss contingency accrual in 2008 which are significant non-cash transactions, the loss from operations was $16.0 million in 2009 compared with $22.2 million in 2008. This improvements of nearly $6.2 million for the year resulted from the company's ongoing cost-reduction and cost containment efforts;

-- Net loss available to common stockholders was reduced to $21.2 million, or $0.02 per share, compared with a net loss of $42.0 million or $0.28 per share in 2008;

-- Net cash used to fund operating activities was reduced to $15.2 million in 2009 from $22.2 million in 2008, reflecting the company's steady focus on reducing customer acquisition and operating costs, improving efficiency, and streamlining contractual agreements;

-- Net cash provided by financing activities was $19.4 million compared with $21.7 million in 2008.

Highlights for the Fourth Quarter of 2009:

-- Total revenue for the fourth quarter of 2009 was $6.9 million compared with $8.2 million in the fourth quarter of 2008;

-- Cost of sales improved to $5.3 million in the fourth quarter, compared with $5.6 million in the in the comparable year-ago period;

-- Gross profit margins for the fourth quarter 2009 were 23.1% as compared with 32.5% in the fourth quarter of 2008;

-- Operating expenses were $10.1 million for the fourth quarter compared with $9.0 million in the comparable year-ago fourth quarter;

-- Loss from operations was $8.5 million compared with a loss of $6.4 million in the fourth quarter of 2008. Excluding amortization, depreciation and impairment loss on goodwill and other intangible assets in 2008 which are significant non-cash transactions, the loss from operations was $4.0 million as compared to $5.9 million in the same quarter last year. This improvements of nearly $1.9 million for the year resulted from the company's ongoing cost-reduction and cost containment efforts;

-- Net loss available to common shareholders was $11.3 or $0.01 per share, compared with a net loss of $11.0 million or $0.07 per share in the fourth quarter of 2008;

Commenting on the company's performance in 2009, Jay Shafer, Chairman and Chief Executive Officer of The Amacore Group said, "In the midst of an extraordinarily difficult nation-wide economic climate in 2009, Amacore held firm to its strategy to open new marketing channels, develop quality products and continue cost-cutting and efficiency efforts. 2009 also saw significant company focus and progress on our efforts to re-negotiate outstanding obligations and re-structure the company, including staff reductions and the spinoff of our Zurvita division. That strategy has produced steady results. Despite this focus on cost reductions and restructuring and the poor economic climate, the company's sales remained relatively consistent with prior year, and many key financial metrics outperformed 2008's results. We believe this provides a strong foundation upon which we will continue to grow sales, build profitability, and insure the company's long term success."

Mr. Shafer continued, "As the national economy improves, we believe Amacore is now uniquely positioned to take advantages of opportunities for growth. Even with the uncertainties in the healthcare sector, Amacore's diverse product mix allows us to offer a wide array of programs of genuine value to consumers and businesses alike."

Guy Norberg, President of The Amacore Group, commented, "As a company we're proud of our results in 2009 and proud of the talented and skilled team that produced them. We are working aggressively to insure that the company's performance in 2010 reflects our goal to produce value at every level: for customers, clients, partners, and investors."

About The Amacore Group, Inc. ( www.amacoregroup.com )

The Amacore Group, Inc. is primarily a provider and marketer of healthcare related products, including healthcare benefits, vision and dental networks, and administrative services such as billing, fulfillment, patient advocacy, claims administration and servicing. The Company primarily markets healthcare-related membership programs such as limited and major medical programs, supplemental medical and discount dental programs to individuals and families. It distributes these products and services through various distribution methods such as its agent network, direct response marketing companies, DRTV (Direct Response TV), inbound call centers, in-house sales representatives, network marketing and affinity marketing partners. The Company's secondary line of business is to place membership programs through these same marketing channels. These membership programs utilize the same back office and systems creating marketing efficiencies to provide low cost ancillary products such as pet insurance, home warranty, involuntary unemployment insurance, and accident insurance.

This press release contains forward-looking statements that are subject to risks and uncertainties. These forward-looking statements include information about possible or assumed future results of our business, including anticipated growth and geographic expansion, new products and services, new business development and opportunities, anticipated revenues, possible reduction or elimination of material weaknesses, anticipated revenue growth, expenses, profitability, losses and profit margins. In some cases, you may identify forward-looking statements by words such as "may," "should," "plan," "intend," "potential," "continue," "believe," "expect," "predict," "anticipate" and "estimate," the negative of these words or other comparable words. These statements are only predictions. One should not place undue reliance on these forward-looking statements. The forward-looking statements are qualified by their terms and/or important factors, many of which are outside the Company's control, involve a number of risks, uncertainties and other factors that could cause actual results and events to differ materially from the statements made. The forward-looking statements are based on the Company's beliefs, assumptions and expectations of the Company's future performance, taking into account information currently available to the Company. These beliefs, assumptions and expectations can change as a result of many possible events or factors, including those events and factors described in "Risk Factors" in the Company's Annual Report on Form 10-KSB for 2008 filed with the Securities and Exchange Commission, not all of which are known to the Company. The Company will update the information in this press release only to the extent required under applicable securities laws. If a change occurs, the Company's business, financial condition, liquidity and results of operations may vary materially from those expressed in the aforementioned forward-looking statements.


THE AMACORE GROUP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                                                    For the Years Ended
                                                                    December 31,
                                                                    2009                    2008
Revenues                                                            $   28,829,852          $   29,461,822
Cost of sales                                                           19,432,232              20,806,246
Gross profit                                                            9,397,620               8,655,576
Operating expenses                                                      35,238,527              46,511,037
Other income                                                            12,840,461              3,927,100
Net loss before income taxes                                            (13,000,446   )         (33,928,361 )
Income taxes                                                            53,089                  -
Less: Net loss attributed to non-controlling interest in Zurvita        2,318,511               -
Holdings, Inc.
Net loss attributed to The Amacore Group, Inc.                          (10,735,024   )         (33,928,361 )
Preferred stock dividend and accretion                                  (10,501,346   )         (8,054,985  )
Net loss attributed to The Amacore Group, Inc. available to         $   (21,236,370   )     $   (41,983,346 )
common stockholders
Basic and diluted loss per share                                    $   (0.02         )     $   (0.28       )
Basic and diluted weighted average number of common shares              1,028,482,088           149,676,100
outstanding




THE AMACORE GROUP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
                                                                    For the Three Months Ended
                                                                    December 31,
                                                                    2009                  2008
Revenues                                                            $   6,863,854         $   8,222,229
Cost of sales                                                           5,279,888             5,553,383
Gross profit                                                            1,583,966             2,668,846
Operating expenses                                                      10,052,335            9,041,074
Other income                                                            1,781,095             2,293,056
Net loss before income taxes                                            (6,687,274  )         (4,079,172  )
Income taxes                                                            48,003                -
Less: Net loss attributed to non-controlling interest in Zurvita        707,956               -
Holdings, Inc.
Net loss attributed to The Amacore Group, Inc.                          (6,027,321  )         (4,079,172  )
Preferred stock dividend and accretion                                  (5,306,475  )         (6,901,386  )
Net loss attributed to The Amacore Group, Inc. available to         $   (11,333,796 )     $   (10,980,558 )
common stockholders
Basic and diluted loss per share                                    $   (0.01       )     $   (0.07       )




THE AMACORE GROUP, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
                                                                   December 31, 2009     December 31, 2008
ASSETS
Current assets                                                     $     7,182,894       $     4,006,054
Property, plant and equipment                                            1,005,601             863,537
Other assets                                                             3,857,304             12,324,509
Total assets                                                       $     12,045,799      $     17,194,100
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities                                                $     8,389,145       $     11,219,123
Non-current liabilities                                                  14,040,338            15,211,602
Redeemable preferred stock - Zurvita Holdings, Inc.                      2,280,162             -
Amacore Group, Inc. stockholders' deficit                                (10,118,077 )         (9,236,625 )
Noncontrolling Interest in Zurvita Holdings, Inc. stockholders'          (2,545,769  )         -
deficit
Total liabilities and stockholders' deficit                        $     12,045,799      $     17,194,100



SOURCE: The Amacore Group, Inc.


The Amacore Group, Inc.
Jay Shafer, 407-805-8900
Chief Executive Officer
or
Investor Relations:
Porter, LeVay & Rose, Inc.
Michael J. Porter, 212-564-4700
President