In Brief: Chantal stock
This article was originally published in The Rose Sheet
Executive Summary
Chantal stock: NASDAQ small capital market trading suspended for the skin care company Feb. 26 after the firm's stock failed to maintain a closing bid price of greater than or equal to $1 per share. In its Feb. 17 10-Q filing with SEC, Chantal says it has brought in crisis management advisors to evaluate the July to December retail marketing operations and to make final an agreement with its distributor Stanson, with which Chantal terminated distribution in principle in June. The company is also seeking help in negotiating with creditors, many of which have filed lawsuits regarding Chantal's payment delinquencies. For the fiscal second quarter (ended Dec. 31), the firm reported a revenues decline to $1.6 mil., compared to $3.8 mil. in the prior-year period, and a net loss of $1 mil. versus a loss of $1.4 mil. a year ago...
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Marketing In Brief
ModiFace launches forecasting tool: Toronto-based virtual makeover firm introduces ShadeCast, a makeup sampling and forecasting tool based on behavioral tracking. ShadeCast is used in conjunction with iPhone application MakeUp, which allows consumers to virtually try on makeup in hundreds of shades from brands including Revlon, Cover Girl, Lancome and Clinique. ShadeCast offers 1,000 cosmetic shades from 40 brands and assigns a ShadeScore "to approximately position the [app's] hottest and most sampled color." ModiFace exec Nikkie Gatto likens the app to radio music playlists, helping consumers "looking to capture the current look, but also provide vital market intelligence to our retail channel partners," she says in Nov. 3 release. "The value of data to demonstrate the aggregate behavior will help the industry predict the latest trends and help cosmetic manufacturers better understand the color and products which most resonate with online and iPhone virtual makeover users," the company says