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Just like you never want to hear a doctor say "oops" in the operating room, you never want to see a going-concern statement
in a financial report about a company you own. Accountants throw these in when they've been over the books, talked to customers,
and checked the horoscopes and have concluded there is "substantial doubt" about a company's ability to remain in business.
In short, don't blame the accountants if the company files for bankruptcy protection.
You¿d reckon that a going-concern
statement would be enough to send investors running to the exits, but it's not. True, many large institutions automatically
bail when an existing company gets slapped with one of these, but many individuals (often wrongly) take a chance they know
more than the bean counters.
During the tech boom of the late 1990s, many companies actually went public even though they had been hit with going-concern statements. Many of those companies subsequently disappeared. Enough said.
Home / Markets / Industries / Technology
Tuesday, July 29, 2008
Rent.com Gives Users Access to #1 Online Mover Network, Signs Deal With Moving.com to Power Free Quotes
Comtex
LOS ANGELES, July 29, 2008 /PRNewswire-FirstCall via COMTEX/ ----Starting this month, users of Rent.com, an eBay company, will gain access to the number one online network of moving companies as Moving.com begins to power free moving quotes at the Rent.com Moving Center.
"We are excited about this strategic relationship which will expose consumers who visit Rent.com to an even larger network of quality moving companies that are prescreened, licensed and insured," said Peggy Abkemeier, co-general manager and chief financial officer at Rent.com. "This relationship is the result of a strategic decision by Rent.com enabling us to focus on our core business in rentals while capturing revenue through this arrangement with Moving.com."
Moving.com will power the widget providing free mover quotes on Rent.com, which in turn feeds leads to prescreened moving companies. Unlike some online sites that sell leads many times over to various types of service providers, Moving.com only provides users with information about the services they request.
"We are honored to be chosen by Rent.com to support the Rent.com Moving Center, and we're confident their visitors will appreciate the high level of service Moving.com provides," said Patty Mitchell, senior vice president, consumer media at Move, Inc. "Our agreement will benefit renters and moving companies alike. Renters will gain easy access to high quality movers and the movers who work with us will gain the opportunity to service Rent.com users."
On average, 16 percent of the US population is moving at any given moment and two-thirds are renters (approximately 32.5 million people), making the moving quotation service on Rent.com a valuable tool for renters. Renters have much higher mobility rates than homeowners, with almost one in every three making a move within a one-year period(1).
The next step for renters who have found a new home is to set up moving arrangements. At Rent.com's Moving Center, Moving.com will provide renters with free online quotes for full- or self-service (i.e., movers load and drive vs. customer loads, movers drive), as well as special assistance with transporting autos, pianos, antiques and office equipment.
ABOUT MOVE, INC.
Move, Inc. (Nasdaq: MOVE) is the leader in online real estate with 8.33 million(2) monthly visitors to its online network of websites. Move, Inc. operates: Move.com, a leading destination for information on new homes for sale and rental listings, moving, home and garden and home finance; REALTOR.com(R), the official Web site of the National Association of REALTORS(R); Welcome Wagon(R); Moving.com; and TOP PRODUCER(R). Move, Inc. is based in Westlake Village, California, and employs more than 1600 individuals throughout North America. For more information: http://www.move.com.
ABOUT RENT.COM
Rent.com, an eBay company, is the nation's #1 Internet listing site in the rental housing industry, generating the most renter traffic and verifiable leases. As the top online source for more than 3 million unique visitors per month, Rent.com provides moving services information and detailed descriptions of millions of rentals nationwide, including photos, floor plans, amenities, and virtual tours. Rent.com is dedicated to developing innovative services that bring together renters and rental communities. For more information, visit http://www.rent.com.
This press release may contain forward-looking statements, including information about management's view of Move's future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of Move, its subsidiaries, divisions and concepts to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents Move files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on Move's future results. The forward-looking statements included in this press release are made only as of the date hereof. Move cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Move expressly disclaims any intent or obligation to update any forward-looking statements to reflect subsequent events or circumstances.
REALTOR(R) and REALTOR.com(R) are registered trademarks of the NATIONAL ASSOCIATION OF REALTORS(R). REALTOR(R) is a federally registered collective membership mark, which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS(R) and subscribes to its strict Code of Ethics. All other trademarks appearing above are the property of Move, Inc., or of their other respective owners.
(1) US Census (2) comScore Media Metrix, May 2008 Contact: Julie Reynolds / Move / 805.557.3080 / julie.reynolds@move.com Victor White / Access Communications / 415.844.6287 / vwhite@accesspr.com (Logo: http://www.newscom.com/cgi-bin/prnh/20080213/MOVEINCLOGO)
SOURCE Move, Inc.
http://www.move.com
Copyright (C) 2008 PR Newswire. All rights reserved
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