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The AIMSolution Process
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State of Marketing
Integrated Marketing Magazine Archive
Volume2 ~ Tom Feltenstein thinks big by looking at the market through a microscope. He's out to teach the world to think small and win big.
Volume1 ~ A small Florida real estate concern ventured north, joined forces with Laura Ashley, turned potential failure into a roaring success and even raised money for charity. All because of one big, bold idea.
Case Studies
Case Study Archives
Case Study ~ Club for Growth ~ The Club for Growth is a non profit organization that supports a Reaganesque vision of economic growth through lower taxes and limited government.
Case Study ~ For Our Grandchildren ~ AIMS Worldwide initiated fasttrack activity on behalf of beta-test client For Our Grandchildren in December 2002.
AIMS Worldwide FAQs
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http://www.otcmarkets.com/stock/AMWW/company-info
FAIRFAX, VA, Jul 21, 2010 (MARKETWIRE via COMTEX) -- AIMS Worldwide, Inc. (OTCBB: AMWW ), a marketing services company providing clients with integrated, impactful, cost-effective and measurable solutions, announced today the company has eliminated $4.1 million of debt obligations from its balance sheet.
All of the eliminated debt is associated with AIMS subsidiary ATB Media, which has a 40 percent participation in radio station KCAA-AM in Loma Linda/San Bernardino, California. As part of this initiative, AIMS has reached settlements with the primary associated lenders.
"AIMS acquired ATB Media in April 2004 as an early investment in a media platform. However, with the convergent impact of digital marketing, management sought and has found a means to divest its mass media capabilities," AIMS CEO Gerald Garcia said. "AIMS is now focused on its core public affairs business, which includes advocacy marketing and campaign management. AIMS is very pleased with the agreements with the ATB lenders, as these settlements materially improve our balance sheet."
About AIMS AIMS Worldwide is a marketing services company, bridging the art and science of marketing to provide clients with impactful, cost-effective and measurable solutions. AIMS increases the accuracy of client marketing programs, improves results and reduces costs by refocusing mass marketing to a more strategic One-2-One relationship with the target customer, providing clients with an increased and measurable return on investment. AIMS is further developing core competencies and accelerating growth by targeting and acquiring marketing services companies. For more information, please contact Gerald Garcia Jr. at 703-621-3875, ext. 2256, email: ggarcia@aimsworldwide.com or visit www.aimsworldwide.com
Safe Harbor Statement All statements other than statements of historical fact included in this document are forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and other similar expressions as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. These statements are not a guarantee of future performance. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors discussed under the caption "Risk Factors" in our Annual Report on Form 10-KSB for the year ended December 31, 2008 as filed with the Securities and Exchange Commission. Such statements reflect the current views of the Company's management with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the operations, results of operations, growth strategy and liquidity of the Company. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this paragraph. The Company has no intention, and disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise. Further information may be obtained at the Company's internet site: www.aimsworldwide.com.
Contact:
Gerald Garcia Jr.
703-621-3875, ext. 2256
email: ggarcia@aimsworldwide.com
www.aimsworldwide.com
SOURCE: AIMS Worldwide
CONTACT: mailto:ggarcia@aimsworldwide.com
http://www.aimsworldwide.com
Copyright 2010 Marketwire, Inc., All rights reserved.
Contact Information Business Description
| AIMS Worldwide, Inc. 10400 Eaton Place # 203 Fairfax, VA 22030
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SEC Filings
AIMS Worldwide, Inc.
Condensed, Consolidated Balance Sheets
Assets
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| June 30 |
| December 31 |
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| 2010 |
| 2009 |
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| (Unaudited) |
| (Audited) |
| Current assets |
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| Cash | $ | 127,683 | $ | 272,064 |
| Accounts receivable, net of allowances of $33,035 and $204,263 |
| 746,019 |
| 645,912 |
| Loans receivable |
| 162,090 |
| 75,200 |
| Prepaid expense |
| 458,296 |
| 368,152 |
| Deferred billings |
| 260,504 |
| 114,918 |
| Total current assets |
| 1,754,592 |
| 1,476,246 |
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| Property and equipment |
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| At cost, net of accumulated depreciation of $116,481 and $119,920 |
| 39,929 |
| 76,733 |
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| Other assets |
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| Deposits |
| 16,016 |
| 23,842 |
| Deferred Expense |
| - |
| 185,400 |
| Prepaid software costs |
| - |
| 112,000 |
| Goodwill, net of impairment of $1,160,835 and $1,160,835 |
| 554,637 |
| 554,637 |
| Intangible assets, net of accumulated amortization of $1,455,812 and $2,246,870 |
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782,434 |
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1,280,480 |
| Total other assets |
| 1,353,087 |
| 2,156,359 |
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| Total assets | $ | 3,147,608 | $ | 3,709,338 |
See accompanying notes to condensed, consolidated financial statements
4
AIMS Worldwide, Inc.
Condensed, Consolidated Balance Sheets
Liabilities and Stockholders’ Deficit
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| June 30, 2010 |
| December 31, 2009 |
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| (Unaudited) |
| (Audited) |
| Current liabilities |
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| Accounts payable | $ | 1,339,248 | $ | 1,146,811 |
| Accounts payable - related parties |
| 12,464 |
| 12,464 |
| Accrued expenses |
| 142,347 |
| 142,695 |
| Deferred revenue |
| 369,108 |
| 307,843 |
| Current portion of long term debt |
| 52,970 |
| 52,970 |
| Notes payable |
| 1,819,240 |
| 2,561,792 |
| Notes payable - related parties |
| 344,850 |
| 1,481,243 |
| Accrued interest payable |
| 240,307 |
| 1,296,455 |
| Accrued interest payable - related parties |
| 37,752 |
| 926,061 |
| Total current liabilities |
| 4,358,286 |
| 7,928,334 |
| Long term debt |
| 405,636 |
| 185,196 |
| Total liabilities |
| 4,763,922 |
| 8,113,530 |
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Minority interest |
| (235,733) |
| (146,420) |
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| Stockholders' equity |
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| Preferred stock held in escrow, $.001 par value, |
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| 20,000,000 shares authorized, 7,193,750 shares |
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| issued and outstanding, including shares in escrow |
| 7,194 |
| 7,194 |
| Common stock, $.001 par value, 200,000,000 shares |
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| authorized, 62,921,603 shares issued and outstanding |
| 62,922 |
| 57,684 |
| Additional paid-in capital – preferred stock |
| 3,638,835 |
| 3,638,835 |
| Additional paid-in capital – common stock |
| 12,316,945 |
| 11,821,711 |
| Stock subscription receivable |
| (13,000) |
| (26,000) |
| Deficit retained |
| (17,393,477) |
| (19,757,196) |
| Total stockholders' equity |
| (1,380,581) |
| (4,257,772) |
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| Total liabilities and stockholders' equity | $ | 3,147,608 | $ | 3,709,338 |
See accompanying notes to condensed, consolidated financial statements
5
AIMS Worldwide, Inc.
Condensed, Consolidated Statements of Operations
(unaudited)
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| Six Months Ended | ||
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| June 30, | ||
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| 2010 |
| 2009 |
| Revenue | $ | 3,825,831 | $ | 2,304,523 |
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| Operating expenses |
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| Cost of sales |
| 2,058,819 |
| 665,553 |
| General and administrative expenses |
| 3,469,150 |
| 2,451,327 |
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| 5,527,969 |
| 3,116,880 |
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| Operating loss |
| (1,702,138) |
| (812,357) |
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| Interest expense, net |
| (329,713) |
| (150,648) |
| Interest expenses, net – related parties |
| (28,890) |
| (30,419) |
| Minority interest |
| 89,313 |
| 49,896 |
| Gain on asset sale |
| 140,989 |
| - |
| Gain on sale of investment to extinguish debt |
| 4,194,158 |
| - |
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| Income (loss) before discontinued operations |
| 2,363,719 |
| (943,528) |
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| Gain (loss) on sale of discontinued operations |
| - |
| - |
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| Income (loss) before provision for income taxes |
| 2,363,719 |
| (943,528) |
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| Income taxes |
| - |
| - |
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| Net income (loss) |
| 2,363,719 |
| (943,528) |
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| Basic and diluted income (loss) per share |
| 0.04 |
| (0.02) |
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| Weighted average number of shares outstanding | $ | 60,895,405 | $ | 52,337,148 |
See accompanying notes to condensed, consolidated financial statements
| 10-Q | Aug 20, 2010 | Jun 30, 2010 | 321.3 KB |  PDF  RTF  HTML  XLS |
| NT 10-Q | Aug 17, 2010 | Jun 30, 2010 | 15.3 KB | PDF RTF HTML |
| 10-Q | May 21, 2010 | Mar 31, 2010 | 285.6 KB | PDF RTF HTML XLS |
| NT 10-Q | May 18, 2010 | Mar 31, 2010 | 15.3 KB | PDF RTF HTML |
| 10-K | Apr 15, 2010 | Dec 31, 2009 | 949.3 KB | PDF RTF HTML XLS |
| NT 10-K | Mar 31, 2010 | Dec 31, 2009 | 14.5 KB | PDF RTF HTML |
| 10-Q | Nov 16, 2009 | Sept 30, 2009 | 282.2 KB | PDF RTF HTML XLS |
| 10-Q | Aug 14, 2009 | Jun 30, 2009 | 241.1 KB | PDF RTF HTML XLS |
| 8-K | Jul 24, 2009 | Jul 24, 2009 | 1.9 MB | PDF RTF HTML XLS |
| 8-K | Jul 23, 2009 | Jul 23, 2009 | 10.2 KB |
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