CYBERADS INC. (A0B80A)
In juni werden die ersten X-boards ausgeliefert.
ausgeliefert werden und nicht schon im Juni.
Die Zulassung dafür könnte Mitte bis Ende Juni kommen.
Das ist aber nur eine Vermutung, aber ich bin optimistisch.
Schöne Grüße.
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CYAD - CYBERADS INC
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Exchange of Last Sale OTCBB
Time of Last Sale 23:59:26
minus 2630Euro =======> -20% , ist doch alles ok
kauf doch für 50.000Euro und wir sind wieder dick im Plus
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7-Jun-2006
Annual Report
ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Management's discussion and analysis contains various forward-looking statements within the meaning of the Securities and Exchange Act of 1934. These statements consist of any statement other than a recitation of historical fact and can be identified by the use of forward looking terminology such as "may", "expect", "anticipate", "estimates", or "continue" or use of negative or other variations of comparable terminology. We caution that these statements are further qualified by important factors that could cause actual results to differ materially from those contained in our forward looking statements, that these forward looking statements are necessarily speculative, and there are certain risks and uncertainties that could cause actual events or results to differ materially from those referred to in our forward looking statements.
Management's discussion and analysis should be read in conjunction with the financial statements and the notes thereto.
OVERVIEW
CyberAds did not record revenues during 2005. We discontinued the third party affiliate sales of Cellular phones and services during 2004, and discontinued all cellular sales in 2005 due to the financial losses inherent with the commission structure paid to third party affiliates. The affiliates commission was earned on "leads" provided, rather than on sales made, therefore the cancellations and returns on cellular phones were not recouped from the third party affiliate and the losses became CyberAds expense. During 2005 we focused on developing a new business plan in the extreme sports sector and marketing of its lifestyle. We engaged with three primary products during 2005, XBoard, Rhino, and Planet X TV.
RELATED PARTIES AND RELIANCE ON CERTAIN PROVIDERS We rely on the manufacturers of XBoard, Rhino, and Planet X TV for the inventory and production of products specific to our reselling rights.
RECENT EVENTS
As noted above we entered into relationships with Aqua Xtremes, Inc., and its products XBoard, whereby the company was provided exclusive rights to resell distribution and dealers within a defined territory. During 2005 we developed a resell relationship with Rhino Off Road Industries whereby the company would recruit and demonstrate the Rhino product line to Distributors, Dealers, and consumers. During 2005 we developed a relationship with Planet X TV whereby the company would be compensated for recruiting advertisers and sponsors for the Planet X TV shows.
During 2005 we engaged in multiple negotiations with Internet and Extreme Sports / Lifestyle companies on merger and acquisition discussions, as of December 31, 2005 we were not party to any binding letter of intents.
PATENTS AND PROPRIETARY RIGHTS
We do not hold any trademark, copyright or patent protection.
RESULTS OF OPERATIONS
YEARS ENDED DECEMBER 31, 2005 AND 2004
We reported revenues of $0 and $303,120 for the years ending December 31, 2005 and 2004, respectively, losses of $7,783,970 and $520,520 during the years ended December 31, 2005 and 2004, respectively. The reduction in revenue from 2005 to 2004 is attributed to the change in business plan, and our effort to develop into an extreme sports and lifestyle sector company. The Increase in losses was due to the developmental stage of the company, and the delay in delivering XBoard to the market in 2005.
RESULTS OF OPERATIONS
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Twelve months ended December 31, 2005 compared to the twelve months ended
December 31, 2004.
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Decrease
------------------------------ ----------------------------
2005 2004 Amount Percentage
-------------- -------------- ------------ --------------
Revenue $ 0 $ 303,120 $ 303,120 - 100%
============== ============== ============ ==============
Revenue for the twelve months ended December 31, 2004 resulted from the sale of Cellular phone plans through Inphonic. In 2005 we discontinued marketing of cellular phones. The Company did not recognize revenue in 2005 for the sales of XBoard, Rhino, or Planet X. In 2005, all efforts were put towards the sales and marketing of XBoard, Rhino, and Planet X, and the recruitment of extreme sports oriented product distribution for which no revenue has been obtained to date.
Decrease
------------------------------ ----------------------------
2005 2004 Amount Percentage
-------------- -------------- ------------ --------------
G&A Expenses $ 681,731 $ 812,824 $ 131,093 16%
============== ============== ============ ==============
G & A Expenses for the twelve months ended December 31, 2005 resulted from the sale of the XBoard distribution, recruitment of new products, and expenses for consultants and management relating to the extreme sports segment. G&A expenses decreased in 2005 vs 2004 as a result of the discontinuance of sales of cellular phone plans, specifically the cost of administrating the sales.
Increase
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2005 2004 Amount Percentage
-------------- -------------- ------------ --------------
Marketing
Expenses $ 5,605,613 $ 0 $ 5,605,613 100%
============== ============== ============ ==============
Marketing Expenses for the twelve months ended December 31, 2005 increased due to efforts on securing distribution for XBoard, Rhino, and Planet X TV. Marketing costs include production of TV spots, trade shows, product demonstrations, consultants, and efforts toward recruitment of extreme sports products for the company to resell.
Increase
------------------------------ ----------------------------
2005 2004 Amount Percentage
-------------- -------------- ------------ --------------
Selling
Expenses $ 1,412,253 $ 0 $ 1,412,253 100%
============== ============== ============ ==============
Selling Expenses for the twelve months ended December 31, 2005 increased as a result of additional management and consulting expenses primarily in an effort to represent additional business opportunities, and present distribution opportunities of XBoard, Rhino, and Planet X.
Increase
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2005 2004 Amount Percentage
-------------- -------------- ------------ --------------
Other Income $ 5,430 $ 4,847 $ 583 12%
============== ============== ============ ==============
Other Income for the twelve months ended December 31, 2005 was derived by a marketing activity related to a promotion on a product line.
Increase
------------------------------ ----------------------------
2005 2004 Amount Percentage
-------------- -------------- ------------ --------------
Gain on Forgiveness
of debt $ 2,500 $ 0 $ 2,500 100%
============== ============== ============ ==============
Gain on Forgiveness of debt for the twelve months ended December 31, 2005 was provided through forgiveness of debt by note holder at time of conversion.
Increase
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2005 2004 Amount Percentage
-------------- -------------- ------------ --------------
Interest Expense $ 78,132 $ 15,663 $ 62,469 398%
============== ============== ============ ==============
Interest expense for the twelve months ended December 31, 2005 increased to $78,132 versus $15,663 in 2004. The increase of $62.469 was attributable to interest on notes to related parties, and advances from stockholder.
Increase
------------------------------ ----------------------------
2005 2004 Amount Percentage
-------------- -------------- ------------ --------------
Loss on Abandonment $14,171 $0 $14,171 100%
Of Assets
============== ============== ============ ==============
Loss on Abandonment of Assets for the twelve months ended December 31, 2005 increased by $14,171 over year end 2004. The Company abandoned fixtures, furnishings and equipment in its Florida offices upon its relocation to offices in California. The equipment abandoned was miscellaneous desks, computer equipment and filing type cabinets.
FINANCIAL POSITION & LIQUIDITY AND CAPITAL RESOURCES
As of December 31, 2005 compared to December 31, 2004:
As of December 31, 2005 Increase
------------------------------ ----------------------------
2005 2004 Amount Percentage
-------------- -------------- ------------ --------------
Marketing rights $ 210,000 $ 0 $ 210,000 100%
============== ============== ============ ==============
Marketing rights increased as a result of the Company's purchase of rights to resale X-Board dealerships to others.
As of December 31, 2005 Increase
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2005 2004 Amount Percentage
-------------- -------------- ------------ --------------
Deferred net $ 172,453 $ 0 $ 172,453 100%
Revenue
============== ============== ============ ==============
Deferred net revenue consisted of the resale of X-Board dealerships, net of commissions. The X-Board product has not yet come to market. Accordingly, the Company has not recorded the sales as revenue.
LIQUIDITY AND CAPITAL RESOURCES
CYAD has not been profitable and
has experienced negative cash flow from operations due to its development stage, and substantial ongoing investment in development efforts. Consequently, CYAD has been dependent on the sales of equity to fund cash requirements.
Monday June 12, 6:00 am ET
Rabbit Kekai International Longboard Surfing Classic Up Next
TORRANCE, CA--(MARKET WIRE)--Jun 12, 2006 -- CyberAds, Inc. (OTC BB:CYAD.OB - News), an extreme sports and lifestyle marketing company, is pleased to report that Planet X Group, a leading producer of extreme sports TV programming, will be airing special TV programs over the next few months featuring championship Longboard Surfing. Planet X is the exclusive broadcast partner for the 13th Annual Rabbit Kekai International Longboard Surfing Classic, which will be held at Boca Barranca, Costa Rica, June 21st - 30th. The highlight of the nine-day event will be the crowning of the 2006 ASP Men's World Longboard Champion and presentation of one of the largest purses ($50,000) in Longboard surfing history. For information about the event, contact www.4surfing.com.
A complete show of the event will be broadcast over the Planet X network reaching over 80 million homes throughout North America in July. A one-hour DVD on the event, titled "Rumble in the Jungle: the Re-birth of a Championship," will be produced and is currently available for pre-sale at www.PlanetX.tv. The network is currently airing a show featuring the Ron Jon Surf Festival which was recently held in Coco Beach, Florida. This event was the first of three US Pro Longboard Surfing Championships scheduled this summer. The next two events will be held in Huntington Beach, CA, and Honolulu, Hawaii. Both will also be produced and broadcast by Planet X. For airtimes, visit www.PlanetX.tv, or contact your local cable provider.
ADVERTISEMENT
"Surfing is at the top of extreme sports and continues to gain worldwide popularity," stated Jim Habig, Executive Producer. "This ASP contest brings all the exciting elements of a world championship and is held along a breathtaking area of the Costa Rica coastline. Planet X is proud to be able to provide coverage of world-class surfing competitions for our loyal audience across North America." Advertising and sponsorship opportunities are available through the Planet X Group, CYAD and its network of broadcast and cable distributors. For information, call (949) 547-3723.
About ASP:
The ASP is the Association of Surfing Professionals. It is the foremost governing body in professional surfing, and boasts the sanctioning of six professional surfing circuits including: the WCT, the WQS, the WLT, the WJC, the WMC and Specialty Events. The ASP has been dedicated to showcasing the world's best surfing talent in a variety of progressive formats and challenging locations since 1976. For more information, log onto www.aspworldtour.com or www.aspnorthamerica.org.
About Planet X Group, Inc.
Planet X Group, Inc. is the sales, marketing and media consultancy arm of POV - Planet One Ventures, Inc. (POV), a leading producer of sports & fitness TV programming and CyberAds, Inc., a sales and marketing company. Planet X Group specializes in the packaging of media and television assets for the worldwide TV, satellite, cable and new technology markets. For more information, visit: www.PlanetX.tv.
About CyberAds
CYAD is a sales and marketing company that specializes in marketing products to young active consumers. The company works with manufacturers of sports, and entertainment products such as Rhino Off-road Industries/RTV and Aqua Xtremes/"XBoard" to build distribution networks and develop sales and marketing programs for their products. The company also develops media properties focused on the extreme lifestyle marketplace including the Planet X Group. For more information, visit www.CYAD.com, or call (800) 288-3099.
Cautionary Statement for the Purpose of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: Forward-looking statements in this news release are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by the forward-looking statements, including the impact of changed economic or business conditions, the impact of competition, the success of existing and new product releases, the management of our growth, other risk factors inherent in the internet, and extreme sports industries, and other factors discussed from time to time in reports filed by the company with the Securities and Exchange Commission.
Gibt es was neues wegen der Zulassung in den USA von dem x-Board?