August 27, 2016 10:23 AM ET

Containers and Packaging

Company Overview of WebFinancial Holding LLC

Company Overview

WebFinancial Holding LLC, through its subsidiary, API Group plc, manufactures and distributes foils, films, and laminates. Its products are used to enhance the visual appeal of products and packaging. The company serves industrial markets in Europe, North America, and Australasia. The company was founded in 1998 and is based in Los Gatos, California. WebFinancial Holding LLC is based in Los Gatos, California.

61 East Main Street

Suite B

Los Gatos, CA 95030

United States

Founded in 1998

Phone:

408-399-6494

Fax:

408-399-6491

Key Executives for WebFinancial Holding LLC

WebFinancial Holding LLC does not have any Key Executives recorded.

WebFinancial Holding LLC Key Developments

CoSine Communications Inc. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

CoSine Communications Inc. announced unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported a net loss of $943,000 or $0.04 per basic and diluted common share, as compared to a net loss of $267,000 or $0.03 per basic and diluted common share, for the quarter ended September 30, 2014. The results for the quarter ended September 30, 2015 include net sales of $43,495,000 and operating income of $636,000 from the previously announced acquisition of API Group Plc. Loss from operations was $218,000 compared with $268,000 a year ago. Loss before provision for income taxes was $933,000 compared with $267,000 a year ago. For the nine months, the company had a net loss of $2,447,000 or $0.12 per basic and diluted common share, as compared to a net loss of $575,000 or $0.06 per basic and diluted common share, for the nine months ended September 30, 2014. The results for the nine months ended September 30, 2015 include net sales of $70,291,000 and an operating loss of $98,000 from the acquisition of API for the period of April 17, 2015 to September 30, 2015. Loss from operations was $8,404,000 compared with $575,000 a year ago. Loss before provision for income taxes was $2,021,000 compared with $574,000 a year ago.

CoSine Communications, Inc. Proposes Amendments to Fourth Amended and Restated Certificate of Incorporation

CoSine Communications Inc. announced that its board of directors has approved a transaction that provides immediate value and liquidity to CoSine's stockholders. It anticipates that on or about December 11, 2015 the holders of a majority of the shares of CoSine's common stock, $0.0001 par value per share, constituting a majority of CoSine's outstanding voting capital, will adopt resolutions by written consent, in lieu of a meeting of stockholders, to approve amendments to CoSine's Fourth Amended and Restated Certificate of Incorporation, as amended, to effect a 1-for-80,000 reverse stock split of CoSine's Common Stock such that stockholders owning fewer than 80,000 shares of CoSine's Common Stock will have such shares cancelled and converted into the right to receive $4.40 for each share of Common Stock held prior to the Reverse Stock Split, and effect, immediately following the Reverse Stock Split, a 80,000-for-1 forward stock split of CoSine's Common Stock.

CoSine Communications, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

CoSine Communications Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported loss from operations was $1,592,000 against $144,000 a year ago. Income before provision for income taxes was $1,549,000 against loss before provision for income taxes of $143,000 a year ago. Net income less preferred stock dividends was $1,236,000 or $0.05 basic and diluted per common share against net loss less preferred stock dividends of $143,000 or $0.01 basic and diluted per common share a year ago. Net Sales were of $26,796,000. For the six months, the company reported net sales of $26,796,000. Loss from operations was $8,185,000 against $308,000 a year ago. Loss before provision for income taxes was $1,086,000 against $307,000 a year ago. Net loss less preferred stock dividends was $1,934,000 or $0.08 basic and diluted per common share against $308,000 or $0.03 basic and diluted per common share a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 3, 2015
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