This year’s Jefferies Global Internet Conference, scheduled for May 10-12, 2010, will include a presentation by Scott Turicchi, president of j2 Global. J2 Global is the parent company of Efax. Mr. Turicchi will present at:
Jefferies Sixth Annual Global Internet Conference at the Four Seasons Hotel, NY, NY on Tuesday, May 11, 11:30am EDT. A Webcast of his presentation will be available at: http://www.wsw.com/webcast/jeff44/jcom/.
Online fax service provider, MyFax, announced it is extending its Fax Board Buy Back Program for another year. The program purchases existing fax boards from businesses that sign up for a subscription to MyFax, giving them 20 percent off the first year of a new subscription (up to $1000 US).
Catrol, a Vegas-based process-automation product supplier, took advantage of this buy back offer. The company was searching for a new fax solution because its fax servers’ reliability were in question and mail servers tied up. Fax servers usually require large capital investments. Maintenance and management of the servers also require important human capital that can cost time and money.
Online fax services like MyFax manage their own hardware, back-up and software for their customers. Also, the fax service can be rapidly deployed and local number portability allows for existing fax numbers to be carried over making transition simple.
J2 Communications, Efax’s parent company, distributed financial results for the first quarter ended March 31, 2010 today. The first quarter report also included that the online fax services company’s board of directors has approved a two year up to 10 million share repurchase program and that it has acquired mostly all of the assets of FuseMail, LLC, an outsourced email provider.
Total revenues for Q1 2010 were $60.3 million compared to $60.4 million in Q1 2009.
Subscriber revenues for Q1 2010 were $59.5 million compared to $59.6 million in Q1 2009.
During Q1 2010, the Company improved its gross margin to 83.0% from 81.1% in Q1 2009 and experienced operating margins of 40.6% compared to 43.8% in Q1 2009 due to planned increases in sales and marketing initiatives.
Net earnings per diluted share on a Non-GAAP basis, which excludes share based compensation and certain acquisition costs, for Q1 2010 was $0.44 compared to $0.45 in Q1 2009. GAAP net earnings per diluted share for Q1 2010 was $0.39 compared to $0.42 for Q1 2009.
Free cash flows for Q1 2010 were $34.2 million, or 57% of revenues, an increase of 13% over Q1 2009. Additionally, total deferred revenues for Q1 2010 were $12.6 million, an increase of $1.2 million over the prior quarter.
The online fax services company ended the quarter with $264.4 million in cash and investments.
Faxage announced they added Rochester, NY to their coverage area. Customers can get local number inbound fax services.
By adding the Rochester metropolitan area, which includes Rochester, East Rochester, and Fairport, Faxage covers 47 major metropolitan markets and surrounding areas.
Guerilla Job Search and Protus, parent company of MyFax, teamed up to help job seekers through training and free communication services. David Perry and his organization Guerrilla Job Search International Inc. is on a mission to put 50,000 Americans back to work in 2010. He believes Protus with its products like MyFax are helping job seekers communicate with potential hiring managers “professionally, efficiently and effectively.”
MyFax recently announced it is available on Salesforce.com’s AppExchange 2. This application allows users to fax directly from Salesforce CRM, creating a more familiar experience for the user. According to the online fax provider, it also increases customer and sales service, order management, and billing and workflow efficiencies.
Salesforce CRM is used by many companies for customer management including sales, marketing, customer service, order management and billing. With MyFax for AppExchange 2, users can use data from Salesforce CRM to securely fax documents from the desktop or the Salesforce CRM document library.
ChamberofCommerce.com and MyFax announced today that they have partnered to offer communications strategies to businesses. MyFax will provide users of Chamberofcommerce.com with educational content that deals with issues including security and privacy, energy conservation, cost efficiencies, and mobility.
Efax’s parent company, j2 Communications, is hosting a conference call for the public, members of the press, the financial community, stockholders and other interested parties. A live audio Webcast of its First Quarter 2010 earnings conference call will be held at 5 p.m. Eastern Time on May 4, 2010.
Hemi Zucker, chief executive officer, Scott Turicchi, president, and Kathy Griggs, chief financial officer, will host the call. If you are interested in participating or would like to submit questions, contact Scott Turicchi at investor@j2global.com. The live Webcast, the conference call, and presentation materials will also be archived at www.j2global.com.
Online fax services company, RingCentral, surveyed its small to medium-sized business customers across the U.S. on their business communication needs. The survey revealed that the Smartphone has become an integral part of daily professional and personal life. Sex and Smartphones tied as the number one thing business professionals surveyed cannot live without. Respondents would rather give up their morning cup of coffee than their Smartphones.
The increasing mobile workforce uses their Smartphone 79% of the time to conduct business, compared to an office or home phone. Thirty-four percent of respondents said they use their Smartphones more than the computer for business and 7% do not take their laptops with them when traveling because they have their Smartphone.
Efax announced today it acquired the unified messaging and communications business of Australian-based mBox Pty, Ltd. The online fax services company expanded its customer base in Australia, New Zealand and Singapore with this acquisition. In addition, the transaction has also allowed the company to increase its network of local telephone numbers in these countries.