(GOHE, MIMV) TwoFor Wednesday

GOHE: New contract worth hundreds of thousands initially and approach $1 million down the road MIMV: Announced Facebook apps. This is the critical developmental Q for MIMV and we still maintain it is the next takeover candidate n mobile search. As the only publicly traded pure play, it is a must-own.

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GLOBAL PAYOUT, INC.
Major Contract Win Is Just the Tip of the Iceberg

 

Rob Goldman                                                                                                                       May 9, 2012

rob@goldmanresearch.com

 

GLOBAL PAYOUT, INC. (OTC:PK – GOHE - $0.09)

Price Target: $0.16

Rating: Speculative Buy

 

COMPANY SNAPSHOT

INVESTMENT HIGHLIGHTS

 

 

Global Payout, Inc. is a payment solutions provider offering U.S. and international companies’ electronic payment and pre-paid debit card solutions. Through its processors and solution providers Global Payout offers an innovative and unique international payment platform allowing accountholders to move money to personal bank accounts in over 200 countries. In addition, the Company provides U.S. and international debit cards, enabling accountholders without bank accounts to access funds worldwide. As a program manager and reseller, Global Payout also offers prepaid debit cards in the U.S. for payroll and general spend programs.

The News:
Early this morning, Global Payout announced a major contract win. The Company has executed a Prepaid Card Agreement with iGlobal Worldwide, Inc. to offer complete management consultant services in launching its prepaid debit card program. The agreement includes Global Payout partner Tyburn Group, Inc., as Program Manager for their new “iGlobal” debit card program. Plus, Global Payout will manage the due diligence, card design and card program approval in conjunction with Tyburn Group, Inc. and the issuing bank. This Agreement will result in monthly transaction revenue from active prepaid debit cards marketed and distributed by iGlobal commencing in in 3Q12.  iGlobal anticipates 10,000 active cards within the first 12 months ramping up significantly during the 24 months following the initial sign-up period

Key Takeaways:
This is the first announced deal for the Company’s new all-encompassing consulting services and is significant due to the fact that it is a domestic contract. Moreover, based on the numbers in the press release this contract is likely worth hundreds of thousands of dollars in the first 12 months and, depending on sign-up rates could ultimately approach $1M in revenue.  That is huge for a company projected to generate around $1M in total revenue for all of 2012.

This is likely the first of several new contracts we believe are in the offing this year and we also expect to see traction with GOHE’s international initiatives soon as well.  The stock has performed well since our initiation of coverage 10 days ago and we would not be surprised to see the stock trade to the $0.12 in the near term as additional volume comes into the stock.
 

KEY STATISTICS

Price as of 5/8/10

$0.09

 

52 Wk High – Low

$0.25 – 0.0264

 

Est. Shares Outstanding

83.4M

 

Market Capitalization

$7.5M

 

3 Mo Avg Vol

38,400

 

Exchange

OTC:PK

 

 

COMPANY INFORMATION

Global Payout, Inc.
1835 Sunset Cliffs Boulevard
Suite 202
San Diego CA 92107
619-564-7811
www.globalpayout.com
info@globalpayout.com

 


MIMVI, Inc.
Mimvi Emerges As Next Takeover Target

 

Rob Goldman                                                                                                                       May 9, 2012

rob@goldmanresearch.com

 

MIMVI, INC. (OTC:QB – MIMV - $0.51)

Price Target: $1.50

Rating: Speculative Buy

 

COMPANY SNAPSHOT

INVESTMENT HIGHLIGHTS

 

 

Headquartered in Sunnyvale, California, Mimvi, Inc. is a pure-play Mobile Apps and Mobile Content search and recommendation technology company. Using its proprietary search and intelligent recommendation algorithms, Mimvi's powerful search engine provides an industry-leading 6 million searchable results for Mobile Apps and Web Apps and has indexed more than 1.2 million Mobile Apps. Mimvi's search engine is used across multiple mobile devices and platforms, including: Apple's iPhone, RIM's BlackBerry, Google's Android, and Web Apps. Services for iPad, Windows Mobile platform and Samsung are in the Company's pipeline.

The News:
The Company just announced that has announced the expansion of its search offerings to include social networking apps. This initiative initially features Facebook apps and will be rolled out over time to encompass other social networks.

Key Takeaways:
We view this quarter as a defining moment for Mimvi developmentally and expect additional news as a result which will help add liquidity and boost the shares.  We maintain that Mimvi is the next likely takeover candidate in mobile app search, following the Apple (NASDAQ – AAPL) deal that acquired Chomp, Inc., Mimvi’s primary competitor in the mobile app search engine arena. Investors would be wise to accumulate shares in the only publicly-traded pure play Mobile App search firm, ahead of what we believe is a likely 2012 transaction.

If we were to apply the same $50M valuation to Mimvi as Apple used for Chomp, Mimvi would be assessed a valuation of $1.20 per share.

We reiterate our Speculative Buy rating.

 

KEY STATISTICS

Price as of 5/8/10

$0.51

 

52 Wk High – Low

$0.04 – 0.75

 

Est. Shares Outstanding

41.6M

 

Market Capitalization

$21.2M

 

3 Mo Avg Vol

10,000

 

Exchange

OTC:QB

 

 

COMPANY INFORMATION

Mimvi, Inc.
440 N. Wolfe Street
Sunnyvale CA 94085
www.mimvi.com
contact@mimvi.com

Investor Relations:
Wall Street Resources
Sean Marconi
772.219.7525
ir@thewsrgroup.com

 

Analyst: Robert Goldman
Rob Goldman has over 20 years of investment and company research experience as a senior research analyst and as a portfolio and mutual fund manager. During his tenure as a sell side analyst, Rob was a senior member of Piper Jaffray's Technology and Communications teams. Prior to joining Piper, Rob led Josephthal & Co.'s Washington-based Emerging Growth Research Group. In addition to his sell-side experience Rob served as Chief Investment Officer of a boutique investment management firm and Blue and White Investment Management, where he managed Small Cap Growth portfolios and The Blue and White Fund.

Analyst Certification
I, Robert Goldman, hereby certify that the view expressed in this research report accurately reflect my personal views about the subject securities and issuers. I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the recommendations or views expressed in this research report.

Disclaimer
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