London ranks 2nd. Granted this is not trading but I thought I'd trhow this out there before you lay claim to this fact. Re: eclisped trading....later. "Despite some legitimate concerns about performance, the hedge fund industry continues to boom. The latest news from HedgeFund Intelligence is that assets under management have soared past the two trillion level. Assets surged 30 percent last year, despite the Amaranth mess. The number of billion-dollar funds have hit 351. New York remains the most popular venue for fund firms; home to 35 percent of the billion-dollar funds. London ranks as the second-most popular venue with 72 billion-dollar firms. The other popular locations: Greenwich, CT, Boston and San Francisco. A surprise was Dallas-Fort Worth, which came in at 6th."
This is the company in the Bloomberg Video. They interviewed the CEO who pointed out that they had 70 employees, and now have 15. It is remarkable they survived. But they have. SEDONA Announces Fiscal Year 2006 Operating Results Fiscal Year 2006 Revenues Increase 96% Over Previous Year KING OF PRUSSIA, Pa., April 18 /PRNewswire-FirstCall/ -- SEDONA(R) Corporation (OTC Bulletin Board: SDNA) (http://www.sedonacorp.com), a leading provider of Customer and Member Relationship Management (CRM/MRM) solutions for small and mid-size financial services organizations, today announced operating results for fiscal year 2006. Revenues reported for the period ending December 31, 2006 were $1,415,000, a 96% increase over the $723,000 reported a year ago. License revenues increased 363% to $577,000, compared to $159,000 reported in fiscal 2005 due to the delivery of new product licenses. Total services revenue increased 149% to $838,000, compared to $524,000 in the same period a year ago. The increase is a result of installation, training and customization services provided to new licensees of Intarsia as well as additional services provided to our existing customers. Fourth quarter 2006 revenues increased to $248,000 compared to $139,000 reported in the fourth quarter of 2005 due to the delivery of $91,000 in new license sales during the quarter. The Company's gross profit margin increased 13% in fiscal year 2006 to $1,116,000 or 79% of revenues compared to $475,000 or 66% of revenues, reported in the same period a year ago. Gross profit increased 17% to $180,000 or 73% of revenues compared to $78,000 or 56% of fourth quarter 2005 revenues. Net loss applicable to common stockholders decreased 25% to ($2,372,000) or ($0.03) per share, compared to ($3,164,000) or ($0.04) per share, reported in fiscal year 2005. In the fourth quarter 2006, net loss applicable to common stockholders decreased 13% to ($761,000) or ($0.01) per share compared to ($874,000) or ($0.01) per share reported in the fourth quarter of 2005. In fiscal year 2006 and 2005, excluding charges of $237,000 and $7,000 respectively for the expensing of stock options as required by Statement of Financial Accounting Standard No. 123(R). SEDONA decreased its operating expenses 13% to $2,607,000 compared to $2,985,000 reported one year ago. The decrease in expenses is attributable to savings in personnel and related expenses. In addition, the Company also continued to monitor its other expenses and attain savings, whenever possible. In the fourth quarter of 2006 operating expenses, excluding a charge of $43,000 in 2006 for the expensing of stock options, decreased 10% to $694,000 compared to $762,000 reported in the same period in 2005 again attributable to a decrease in savings in personnel and related expenses. At December 31, 2006 the Company reported a revenue backlog of $538,000, substantially all of which is expected to be realized as revenue in fiscal year 2007. In addition, SEDONA reported a 421% increase in current and non-current accounts receivable and associated deferred revenue for monthly subscription fees from its distribution partners' ASP sales. At December 31, 2006 deferred revenue increased to $413,000 compared to $98,000 reported at December 31, 2005. This deferred revenue will be recognized ratably over the terms of the various contracts. Fiscal Year 2006 SEDONA Highlights: -- NAFCU Services Corporation (NSC), a wholly owned subsidiary of the National Association of Federal Credit Unions (NAFCU), selected SEDONA as NSC's Preferred Partner for MRM application and services. -- IntegraSys, a business unit of Fiserv, Inc., that serves more than 1,500 credit unions, selected SEDONA's MRM technologies as the foundation for its MRM solution. -- Data Systems of Texas, a Sharetec Systems Provider, selected SEDONA as its MRM application and services provider. SEDONA has also achieved significant milestones subsequent to the end of fiscal year 2006: -- Entered a reseller agreement with Profit Technologies Corporation, under which Profit Technologies has the non-exclusive rights to market, sell, distribute and support Intarsia in order to deliver enhanced CRM and MRM services to financial institutions. -- Announced that GBS, a Sharetec Systems provider, had selected SEDONA as its MRM application and services provider. -- Announced an international partnership with Haydrian Corporation based in Bellevue, Washington and with locations across the globe. SEDONA and Haydrian will create a co-branded version of SEDONA's CRM/MRM application, Intarsia. Haydrian will immediately begin to market, sell and support Intarsia to local and regional financial institutions in the developing countries of the world. Haydrian will also offer Intarsia integrated with Haydrian's anti-money laundering solution, XM3. -- Announced the delivery of the first version of Intarsia for the higher education market at one of the country's most prestigious universities. The product is anticipated to be generally available in May 2007. For more information regarding SEDONA's 2006 results, please refer to the Company's Form 10-KSB filed with the Securities and Exchange Commission on April 17, 2006. About SEDONA Corporation SEDONA(R) Corporation (OTC Bulletin Board: SDNA) provides multi-vertical Customer/Member Relationship Management (CRM/MRM) solutions and services specifically tailored to the small to mid-size financial services market. SEDONA's CRM/MRM solution, Intarsia(R), is designed and priced to support and meet the needs of the multiple lines of business of small-to-midsize banks and credit unions. Intarsia provides the entire financial services institution with a complete and accurate view of their customers' and prospects' relationships and interactions. By utilizing SEDONA's CRM/MRM solution and services, SEDONA's clients effectively identify, acquire, foster, and retain loyal, profitable customers. For additional information, visit the SEDONA web site at http://www.sedonacorp.com or call 1-800-815-3307. Forward-Looking Statements Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes," "anticipates," "plans," or "expects," and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements. SEDONA(R) and Intarsia(R) are registered trademarks of SEDONA Corporation. All other trade names are the property of their respective owners. This press release and prior releases are available on the SEDONA Corporation web site at http://www.sedonacorp.com.