Although a few days old,I am posting this news release for those who may be interested. The stock has had some significant movement upward, and this news probably is a sign that Globel is getting some deserved attention.
John.
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JANUARY 26, 2000
Globel Direct, inc. Reports Record 6 Months Financial
Results with Revenues up $9.55 Million
CALGARY, ALBERTA--
Globel's net earnings increase 169% in first six months of fiscal
2000; Company expects its e-business support solutions will drive
further growth
Globel Direct, inc. (GBD: CDNX): Globel Direct, inc. ("Globel")
announced today the Company's unaudited consolidated financial
results for the first six months in fiscal 2000. Globel reports
for the first six months ending November 30, 1999 total revenues
of $10,258,465 an increase of $9,550,992 or 1350% compared to the
same period in fiscal 1999. The Company also reports EBITDA of
$1,558,261 for this six-month period, an increase of $1,249,611 or
405%. Net Earnings for Globel's first six months ending November
30, 1999 is $796,965, a $501,086 increase or 169% compared to
fiscal 1999. The Company's Fully-Diluted Earnings Per Share (EPS)
for this period in fiscal 2000 are $0.045 compared to $0.039 for
the same period in fiscal 1999. The Company's Fully-Diluted
Revenue Per Share (RPS) for this period in fiscal 2000, an all
important benchmark indicator of growth, is $0.584 compared to
$0.093 for the same period in fiscal 1999.
/T/
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Consolidated Financial Unaudited Unaudited % Change
Results 6 months 6 months
November 30, November 30,
1999 1998
------------------------------------------------------------------------
Total Revenues $10,258,465 $707,473 (plus) 1350%
------------------------------------------------------------------------
EBITDA 1,558,261 308,650 (plus) 405%
------------------------------------------------------------------------
Net Income 796,965 295,879 (plus) 169%
------------------------------------------------------------------------
RPS-Basic $0.701 $0.141
------------------------------------------------------------------------
RPS-Fully Diluted 0.584 0.093
------------------------------------------------------------------------
EPS -Basic 0.054 0.059
------------------------------------------------------------------------
EPS -Fully Diluted 0.045 0.039
------------------------------------------------------------------------
/T/
On a go-forward basis the company expects significant growth will
be derived from newly launched net-marketing and e-commerce
business initiatives in direct communication and mission critical
customer support applications.
Globel's Electronic Bill Presentation and Payment (EBPP) solution,
when final, will deliver turnkey electronic billing, from input to
payment processing, for businesses who customers wish to receive
and pay on-line. It is generally held that Canadian business is
ready to embrace online billing, and now Globel will be well
positioned with a large customer base of potential users to
capitalize on this emerging trend.
For businesses looking to incorporate the web into their marketing
efforts, the Company offers e.Globel, an on-line service to deploy
marketing messages via e-mail with special deployment tools that
track hits and click-throughs to give up to the minute analysis of
the program.
In addition to these e-business opportunities, Globel operates
customer-care tele-service centers that provide live, qualified
customer support for online shoppers and promote customer
satisfaction and loyalty for business conducted online. By
offering a complete solution, from marketing through purchase,
Globel continues to attract large companies pursuing Internet
strategies.
J.R. Richardson, President of Globel Direct said, "The first six
months results are very encouraging considering it is a transition
year for the Company. We have had better success at integrating
our new acquisitions than we planned. The company's services
continue to be in high demand, fueling large amounts of internal
growth. Our acquisition thrust has been helped by the high profile
we have obtained and we are being presented with many exciting
opportunities for consideration. We are clearly firing on all
cylinders."
Richardson continues, "This successful beginning bodes well for
our objective of achieving further revenue growth of 500 to 600%
within the next several years."
Richardson continues, "Looking forward, the Company continues to
develop leading edge solutions for its clients, and remains
focused on our long term strategy of delivering solid growth. The
Internet is the instrument of the Information Age, and we are an
information company. As a leader in our field, we are building
the value of our franchise over the long haul."
About Globel: Globel Direct, inc. is a technology based marketing
services company that provides its customers with unique solutions
to improve the format, production and distribution of their
critical business communications. Beginning with a database,
Globel formats and outputs messages for print-to-mail and Internet
presentment. The Company is focusing on internal growth in
addition to the strategic acquisition of complementary companies
that meet its overall goal to become a leading direct-to-customer
communications company. Globel Direct, inc. is a public company
whose shares are listed for trading on the Canadian Venture
Exchange under the stock symbol: "GBD". The Company has a total of
17,085,752 shares outstanding fully diluted. For more information
about Globel Direct, inc. visit www.globel.ca and
www.investorfile.com. |
