QUOTE AND NEWS
DailyFinance  Jan 8  Comment 
NEW YORK, NY -- (Marketwired) -- 01/08/14 -- Levi & Korsinskynotifies investors of Trunkbow International Holdings, Ltd. ("Trunkbow" or the "Company") (NASDAQ: TBOW) of claims of breaches of fiduciary duty and other violations of state law...
DailyFinance  Dec 13  Comment 
The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of Trunkbow International Holdings, Ltd. (NasdaqGM: TBOW) (“Trunkbow”) regarding possible breaches of fiduciary duty and...
DailyFinance  Dec 12  Comment 
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Trunkbow International Holdings, Ltd. (“Trunkbow” or the “Company”) (Nasdaq:TBOW) relating to the...
DailyFinance  Dec 11  Comment 
Rigrodsky & Long, P.A.: Do you own shares of Trunkbow International Holdings Limited (NASDAQ GM: TBOW)?Did you purchase any of your shares prior to December 10, 2013?Do you think the proposed buyout price is too low?Do you want to...
DailyFinance  Dec 11  Comment 
Levi & Korsinsky is investigating the Board of Directors of Trunkbow International Holdings, Ltd. (“Trunkbow” or the “Company”) (NasdaqGM: TBOW) for possible breaches of fiduciary duty and other violations of state law...
DailyFinance  Dec 11  Comment 
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential legal claims against the Board of Directors of Trunkbow...
Benzinga  Dec 10  Comment 
The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday December 10, 2013 Trunkbow to be Acquired for $1.46/Share in 'Going Private' Transaction The Deal: Trunkbow International announced Tuesday that it...
DailyFinance  Dec 10  Comment 
Levi & Korsinsky is investigating the Board of Directors of Trunkbow International Holdings, Ltd. (“Trunkbow” or the “Company”) (NasdaqGM:TBOW) for possible breaches of fiduciary duty and other violations of state law...
StreetInsider.com  Dec 10  Comment 
* Fifth & Pacific Companies, Inc. (NYSE: FNP) entered into a definitive agreement to sell Lucky Brand Jeans to an affiliate of Leonard Green & Partners, L.P. (LGP) for total consideration of $225 million, with $140 million of the sale price to be...
Benzinga  Dec 10  Comment 
Trunkbow International Holdings Limited (NASDAQ: TBOW) today announced that it has entered into an Agreement and Plan of Merger (the "Merger Agreement") with Trunkbow Merger Group Limited ("Parent"), a business company with limited liability...




 
TOP CONTRIBUTORS

Trunkbow International (NASDAQ:TBOW) provides telecom companies in China with application platforms on which they can offer the customers mobile applications. Trunkbow offers two types of technologies to the telecom companies: Mobile Value Added Solutions (MVAS) Technology platforms - a portfolio of mobile phone applications and Mobile Payment Solutions - a system that facilitates payment clearing between mobile users. Trunkbow sells these technologies to companies who resell them to the three large telecom companies in China. The telecom companies in turn offer the technologies to their subscribers who are the end consumers of it.[1]

The continued rise in China's middle class has drive growth in the adoption of mobile phones in the region. As a result, the usage of mobile phone's in China has risen dramatically. This correspondingly has pushed up demand for Trunkbow's technology services which run on the phones. While Trunkbow does not sell directly to the end user, the rise in mobile phone usage will indirectly increase demand for Trunkbow.[2]

The company's initial public offering of stock on the NASDAQ occurred on February 2, 2011. The company offered 4M shares each for $5. The initial price range for the deal was $5-$7, and the deal priced at the low end of the range. The offering raised $20M. The lead underwriter of the deal was Roth Capital.[3]

For the full year 2009, Trunkbow's total revenue was $13.5M, a 4.7% increase over the figure for 2008. For the first 9 months of 2010, the company's total revenue was $10.9M, or a 22% increase over the figure for the same period in 2009. The company's net income for the first 9 months of 2010 was $5.3M. This corresponds to a 6% increase over the net income for the same period in 2009. [4]

References

  1. TBOW S-1/A 2011 PROSPECTUS SUMMARY "Our Strategy" pg1-3
  2. TBOW S-1/A 2011 PROSPECTUS SUMMARY "Corporate Overview" pg1
  3. Renaissance Capital - IPO Home "Trunkbow International prices downsized IPO at $5, at low end of the range" 3 Feb 2011
  4. TBOW S-1/A 2011 PROSPECTUS SUMMARY "SUMMARY CONSOLIDATED FINANCIAL AND OPERATING DATA" pg6
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