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Global Diversified Industries Inc (GDIV) RSS Feed

Followers
10
Posters
72
Posts (Today)
0
Posts (Total)
1179
Created
07/20/04
Type
Free
Moderators
home page. http://www.gdvi.net COMPARISON OF THE THREE MONTHS ENDED JANUARY 31, 2008 TO THE THREE MONTHS ENDED JANUARY 31, 2007 Results of Operations Total revenues from continuing operations increased to $547,103 in the quarter ended January 31, 2008 from $509,898 in the quarter ended January 31, 2007.The quarter ending January 31 is traditionally very slow in the industry due to school districts closing for the Christmas and New Year holidays.The company also slowed down manufacturing operations during the holiday season and focused on raising capital. Cost of revenues was $426,344 and $394,0675, respectively for the quarters ended January 31, 2008 and 2007. Gross profit was $120,759 and $115,831, respectively for the quarters ended January 31, 2008 and 2007.The gross profit from continuing operations increased by 4%.The gross margin was 22% and 23% ,respectively,for the quarter ending January 31,2007 and for the quarter ending January 31,2008 Total operating expenses decreased to $320,838 in the quarter ended January 31, 2008 from $422,153 in the quarter ended January 31, 2007. This decrease in operating expense was due to general and administrative costs being controlled by the management's cost reduction plan. COMPARISON OF THE NINE MONTHS ENDED JANUARY 31, 2008 TO THE NINE MONTHS ENDED JANUARY 31, 2007 Results of Operations Total revenues increased to $5,462,669 in the nine months ended January 31, 2008 from $ 5,093,974 in the quarter ended January 31, 2007.Two projects that were scheduled to go onto the manufacturing line during the quarter ending January 31,2008 were delayed due to both clients redesigning their projects,which are now complete and scheduled to be put on the manufacturing line in the quarter ending April 30,2008. Cost of revenues was $4,462,038 and $3,971,325, respectively for the quarters ended January 31, 2008 and 2007. Gross profit was $1,000,631 and $1,122,649, respectively for the quarters ended January 31, 2008 and 2007.The gross margin decreased from 22% for the nine-months ending January 31,2007 to 18% for the nine months ending January 31,2008,because the company incurred costs outside of the contract terms for a client during the quarter ending October 31,2007.During the quarter ending April 30,2008,the Company will pursue legal proceedings to collect these costs which were not part of the original contract terms and conditions. Total operating expenses increased to $1,079,066 in the quarter ended January 31, 2008 from $1,717,361 in the quarter ended January 31, 2007.The operating expenses decreased due to cost cutting measures implemented by management. Currently,the company has a signed backlog and projects being negotiated in excess of $8,000,000 with California school districts Currently, the Company’s backlog has increased to approximately $8,000,000 as compared to approximately $350,000 the same period one year ago. As of March 22,2008 there were approximately 264,823,533 shares of common stock outstanding,of which approximately 90,338,310 were tradable without restrictions. (Confirmed by the T/A on 04/04/2008, O/S-264,823,533 Float-90,348,310) The Company is a holding company for two wholly owned subsidiaries,Lutrex Enterprises Inc.,an entity,which holds equipment and inventory for the registrant,and Global Modular,Inc.a sales,marketing,manufacturing and construction site work of modular type strctures. Global Diversified Industries Inc. Comments on FY 2008 Revenue Outlook :Sept.24 13:00 EDT 2007 Global Diversified Industries Inc announced that it is expecting stronger revenue during the balance of the current fiscal year ending April 30,2008.The company cited its current backlog,pending purchase orders and current bidding activity as the primary reason for this outlook source : Rueters.com/stocks May 21,2008- The company announces a 1 for 20 reverse split of it's issued and outstanding shares.Also,the new stock symbol will be OTCBB:GDIV news.http://www.marketwatch.com/news/newsfinder/default.asp?Property=symb&siteid=askr&value=gdvi&.... sec. filings at pinksheets http://www.pinksheets.com/quote/filings.jsp?symbol=gdvi charts, http://www.tradetrek.com/TradePanel/default.asp?symbol=GDVI http://www.otcbbtrader.com/portal/goto.dll the dd machine.http://www.ddmachine.com/default.asp?s=gdvi.ob info for investers old and new .http://www.investopedia.com/ http://daytrading.about.com/cs/nasdaqlevelii/a/level_ii.htm http://www.alexa.com/
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