IPO Candidate WhiteSmoke Generates Revenue of $3.3 Million Last Quarter

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IPO Candidate WhiteSmoke Generates Revenue of $3.3 Million Last Quarter
By Katherine Belle
WhiteSmoke Inc., an English writing and translation software company seeking to go public in the U.S., published their latest numbers from quarter 1 of 2011 in the company's latest initial public offering prospectus on Monday, June 27th, 2011. The company offering is being underwritten by Rodman & Renshaw LLC and EarlyBirdCapital Inc., popular companies in the IPO scene.
WhiteSmoke has applied for Nasdaq listing under the ticker symbol “WHSM” while targeting the Education, Government and Business markets, all showing a growing demand for what this small hi-tech company offers. WhiteSmoke Inc. claims in their prospectus that though there are other companies they consider competitors in similar markets, they have yet to see anything similar to or at the level of their own solution. The Education, Government and Business markets are huge, and with the statistics in the “Industry” section of their prospectus showing the growing need for English as a common language on a worldwide scale, it seems this company has a bright future ahead of them.
The company has developed a PC solution that corrects grammar, spelling, style, punctuation and structure errors in texts as well as translates full texts and single words to and from nine languages. In addition, their product includes a Templates tab allowing the user to choose from a multitude of letter templates for instant use. A Mac version identical to their current PC version will be available by the end of this fiscal year. Also predicted to be launched by the end of this year is the WhiteSmoke Facebook application. In addition, applications for iPhone, iPad and Android are predicted to be launched by the end of 2012.
WhiteSmoke Inc., mentioned Monday that additional funding is needed to finance operations for the next 12 months. Evolution Venture Capital Fund, investors of WhiteSmoke Inc., have told the company that they are willing to provide the company with funding they require.
In addition to their flagship product, WhiteSmoke Writer, the company also offers a free trial version available for download together with toolbar applications from third-party monetization companies. Since the launch of this free product last year, it has become a huge revenue source for the company.
WhiteSmoke generated a total revenue of $3.3 million last quarter, a substantial grown from less than $1 million the year before and expect to continue to grow their operations by opening offices and hiring personnel worldwide.

The Word is Out - No More Google Translate API

People all over the world are outraged with Google's latest news informing the public that the Google Translate API will no longer be available after December. More than outraged, it seems people are nervous and are frantically searching for alternatives before this December deadline to avoid loss of sales and revenues of their business.

Google refuses to give a valid reason for this decision other than a vague statement that their service has been abused. This doesn't seem to satisfy all the affiliate marketers and app developers who relied on this API for quite some time to build their businesses. While the rumors spread of a paid version of this API or of the chances of Google reconsidering their latest decision, many begin searching for alternatives such as Microsoft and WhiteSmoke.

100-Word Vocabulary

Soccer, or as it’s known outside of America, football, is an international game. It is watched and played around the world by fans, players and managers from all over. When the coach speaks a different language than the players, a team can run into communication issues.

Fabio Capello is the Italian manager of England’s soccer team. While one need not be particularly articulate to get by in directing a team, some language skills are certainly necessary. Yet Capello says he needs a maximum of only one hundred words to manage his players. He told BBC reporters that although he struggles when trying to speak about the economy or other issues, but he has all the vocabulary he needs to discuss tactics with his team. Capello does seem to know more than just a hundred words in English, however.

Peter Howarth, deputy director of the Language Center at Leeds University, believes that only about 1,500 words are required to communicate with the simplest, most basic English. Students of English find that while the vocabulary is not difficult to grasp, the grammar rules are quite a challenge. Susie Dent, lexicographer and dictionary expert, says that an average person has about 60,000 words in their lexicon and uses about 20,000 of them actively.

People like Fabio Capello may turn to online tools to help improve their vocabulary and grammar. WhiteSmoke 2011 with the WhiteSmoke Translator is an all-in-one English language solution. In addition to correcting grammar and spelling mistakes, WhiteSmoke 2011 offers tips for writing and style improvement. The WhiteSmoke Translator supports full-text and word-to-word translations from nine languages. Between the translator and the grammar-checker, WhiteSmoke 2011 with the WhiteSmoke Translator is the ultimate tool for people looking to learn or improve their English skills.