IPD.V - International Parkside Products

[Jack_Aster]

This is a thinly traded stock, but I like it for the dividend potential and volume could increase as sales increase. Due to sales increasing and the US/CDN exchange, I believe this will be the least expensive yearly dividend paying stock on the market. In prior years, IPD paid dividends with the exception of 2014 due to the Russian sanctions and loss of sales in the Ukraine. Today, IPD has 19 products in 61 countries through it's subsidiary (Lenspen)

IPD Q3 Results Ending April 30th 2015

Price: $0.10c
Common Shares: 15,617,670
Insider Holdings: 8.64 million (45%)

Website:

ASSETS
Cash: $96,614
Accounts Receivable: $230,970
Inventory: $215,954
Prepaid Expenses: $13,864
Short Term Investments: $263,168
Property & Equipment: $570,452
Licensing Rights: $108,817
Total Assets: $1,499,839 (Down from $1,884,071 last quarter)

LIABILITIES
Accounts Payables: $228,024
Customer Deposits: $22,594
Total Liabilities: $250,618 (Down from $369,138 last quarter)

9 Month Sales Revenue: $3,068,004
Gross Profit: $1,280,260
Net Earnings: $107,494

IPD MD&A Highlights

Parkside Optical manufactures and distributes to wholesale distributors the following optical lens cleaning devices: LensPen, PEEPS, DigiKlear, Mini-Pro, Mini-Pro II, MicroPro, CellKlear, MobileKlear, FilterKlear, Vidimax, Laptop Pro, Panamatic, SensorKlear, SensorKlear Loupe, SmartKlear, ScreenKlean, screen cleaning kits, HunterPro Kits, Photo Kits, RangeKlear, DSLR Pro kits, and Microfiber cloth. Since the first shipment of LensPen in August 1993, the Company has expanded sales of these products to over 80 distributors in over 85 countries, and is continuously seeking to add new distributors and items to its range of cleaning devices.

The Company experienced a decrease in revenue - $3,068,004 during the period ($3,636,258 for 2014). This translates into a revenue decrease of $568,254. The Company sells its products globally in U.S. dollars but reports in Canadian dollars, causing distortions in period to period comparisons.

During the period Asian customers were hit by a decline in the SLR camera market, as were customers in Russia and Ukraine. Additionally, disruptions due to war, economic problems and currency decline against the USD have negatively impacted Russian and Ukrainian customers

[Jack_Aster]

IPD.V Year End Results(Ending July 31 2015)

My Notes:
- Very strong year for earnings and growth
- Good chance of a dividend being reinstated. Between 2012-2013 it was $0.01ceps for the year.
- Q1 2016 results will be out in December, only a few weeks from now

Symbol: IPD
Price: $0.065
Common Shares: 15,617,670
Insider Holdings: 10,141,992(65% as per SEDI)
Subsidiary website:
Company website: (currently be updated)

ASSETS
Cash: $185,100
Accounts Receivable: $273,704
Inventory: $207,648
Prepaid Expenses: $38,373
Investments: $261,063
Equipment: $644,766
License Rights: $166,150
Total Assets: $1,726,804 (July 31 2014 was $1,537,338)

LIABILITIES
Accounts Payable: $259,313(July 31 2014 was $391,039)

Sales Revenue: $4,214,046
Gross Profit: $1,809,704
Expenses: $1,496,254
Net Income: $321,192

Earnings per share: $321,192 / 15,617,670 = $0.02056 or $0.021c EPS.
An established profitable junior should be trading at minimum 10 times earnings per share. Adding a dividend would increase the value substantially.

MD&A Highlights

Description of business
The Company, through its wholly owned subsidiaries, Parkside Optical Inc. (

[Jack_Aster]

IPD.V Q1 Results (Ending October 31st 2015)

My Notes:
- Another Profitable Quarter
- Major deal signed with Rinowa s.r.l who is a major distributor in the Italian market
- All IPD products sold in US dollars, this will add additional revenue in conversion to CAD

Symbol: IPD
Price: $0.08c
Common Shares: 15,617,670
Insider Holdings: 10,141,992 (65% as per SEDI)
Website:

Assets
Cash: $215,960
Accounts Receivable: $184,898
Inventory: $210,488
Prepaid Expenses: $84,678
Short-Term Investments: $225,481
Equipment: $630,248
Licensing Rights: $114,276
Total Assets: $1,666,029

Liabilities
Accounts Payable: $196,527
Customer Deposits: $47,917
Total Liabilities: $244,444

Q1 2015
Sales: $926,373
Net Income: $41,997 or $0.0027c eps
**Cost of trade shows was up substantially, next quarter will be better**

Recap of 2014 Year End Results
Sales: $4,214,046
Net Income: $319,127 or $0.02c EPS.

Over 5 quarters:
Sales: $5,140,419
Net Income: $ $361,124 or $0.023c EPS

Stock is trading at less than 4 times earnings which is very low

I was hoping for a dividend this year, but perhaps something more important is on the horizon and it will require additional funds from the company to carry forward. I believe this because IPD has been pushing harder to market its products, especially the recently added Peeps to the world. At this point it

[Jack_Aster]

Int'l Parkside, Patton to form JV company Carbon Klean

2016-01-06 14:34 MT - News Release

Mr. Murray Keating reports
MEMO OF AGREEMENT
International Parkside Products Inc. has entered into a memorandum of agreement with Daniel J. Patton LLC of Columbus, Ohio, for the global marketing of its new eyeglass-cleaning device PEEPS and its line of laptop and smart phone screen-cleaning devices.

The agreement calls for the creation of a new joint venture company named Carbon Klean LLC, which will have the global rights to the above-mentioned products. International Parkside will contribute the products and their trademarks and non-formulation patents while Patton will contribute its worldwide network of contacts in the eyewear and IT markets, as well as provide warehousing and distribution capacity.

International Parkside will own 60 per cent of the JV initially and will be the sole manufacturer of the products to the JV. Patton will have 40 per cent but will have the ability to reach 50 per cent by achieving sales of one million units (approximately $4-million) over the initial two years of the deal.

International Parkside will provide initial marketing funds of up to $100,000 (U.S.) by way of a two-year 6-per-cent loan to the JV.

President of International Parkside's eyewear division, Peter Meurrens, stated, "This arrangement will give us the reach in the eyewear and IT markets that might have been impossible for us to achieve on our own."

[Jack_Aster]

IPD made it official on their social media channels today about the deal with Target through their JV partner Carbon Klean. Pretty good deal I think. $100,000 JV loan could increase our sales by millions now and International Parkside Products is already making profits every quarter and increase it's cash position. The odds of a dividend this year look much more likely and possibly could exceed the original $0.01c divy they paid back in 2012 and 2013.



Amazing news from our USA joint venture company, CarbonKlean: the SmartPak that we make for them for cleaning smartphone camera lenses and screens will be available this April in all 1,700 Target stores in the USA! See below and please feel free to give a Like to the CarbonKlean page as well!

JV Partner's website: