Another very impressive news release just out today. Price jumped $1.00CAD today on higher than usual volumes. This company is a short term gem and a long term gem mine.
GLOBEL DIRECT INC ("GBD-V") - Record Financial Results with Q3 Net Earnings Rising
298%
Globel Direct, inc. ("Globel"), one of Canada fastest growing providers of document and
information outsourcing solutions announced the Company's unaudited consolidated financial results
for the first nine months in fiscal 2000. Globel reports for the first nine months ending February 29,
2000 total revenues of $15,662,547 an increase of $11,659,976 or 290% compared to the same
period in fiscal 1999. The Company also reports EBITDA of $2,166,480 for this nine-month
period, an increase of $1,541,016 or 246%. Net Earnings for the nine-month period ending
February 2000 is $1,016,967 a $761,625 increase or 298% compared to fiscal 1999. The
Company's Fully-Diluted Earnings Per Share (EPS) for this period in fiscal 2000 is $0.06 compared
to $0.02 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 $0.89
compared to $0.36 for the same period in fiscal 1999.
Consolidated Financial Results Unaudited Unaudited % Change
9 months 9 months
Feb. 29, 2000 Feb. 28, 1999
Total Revenues $15,662,547 $4,002,571 +290%
EBITDA 2,166,480 625,464 +246%
Net Income 1,016,967 255,342 +298%
EBITDA/PS-Basic 0.14 0.12
EBITDA/PS-Fully Diluted 0.12 0.06
RPS-Basic $1.03 $0.78
RPS-Fully Diluted 0.89 0.36
EPS-Basic 0.07 0.05
EPS-Fully Diluted 0.06 0.02
Strong internal growth, acquisitions and increases in business from existing and new customers
continue to drive year-to-year growth. The Company continues to aggressively move forward
towards its goal to become the industry leader in the document communications outsource business.
The Company expects to shortly make an announcement of a major acquisition, which is
geographically strategic and will complement its existing base of operations in major cities in
Western Canada. At that time the Company will begin the process to migrate to a more senior
exchange in North America, which will more fully expose the Company and its shareholders to
improved liquidity and capital markets.
J.R. Richardson, President of Globel Direct, said, "After closing fiscal 1999 with great first-year
results, our second year appears to be headed for even better results. Our dramatic growth in our
first year of operations has led to a substantial increase in revenues in fiscal 2000. The strong
performance in our YTD results is reflective of more than just the effect of an acquisition. Our strong
internal growth in service-sensitive areas and several contract wins all have been strong contributors
to the solid performance. We are encouraged by the positive business environment in all centres in
which we operate and the continuing broad-based growth opportunities throughout our company.
The demand for customer-centric solutions is growing at an unprecedented rate and we're creating
new technology-based solutions to stay competitive. We believe we have the right approach in that
we are actively rolling out new products through our New Media unit, and seeking partnerships,
such as our payANYbill.com alliance. These strategies are key for us. We believe that we operate a
business with the right mix of New Economy/Old Economy to achieve maximum shareholder value."
About Globel: Globel Direct, inc. is a business and technology communications company providing
innovative customized communications solutions for business. The Company utilizes current
technologies in data to mail, telephony call centre solutions and through the Company's New Media
division, Internet presentation designed to enhance the existing relationships between its customers
and their customers. Globel Direct, inc. is pursuing an internal growth strategy as well as making
strategic acquisitions in pursuit of its goal to become a leading direct-to-customer communications
company. Globel Direct, inc. is a public company whose shares are listed for trading as a "Tier 1"
issuer on the Canadian Venture Exchange under the stock symbol: "GBD". The Company has a
total of 17,552,152 shares outstanding fully diluted. For more information about Globel Direct, inc.
visit www.globel.ca and www.investorfile.com. TEL: (403) 531-6579 Globel Direct, inc. FAX:
(403) 531-6560 J.R. Richardson, President TEL: 1-800-551-5721, e-mail: jr@globel.ca TEL:
(416) 360-8895 Investor Relations, Gerry Wimmer FAX: (416) 360-0787 TEL: 1-888-894-8222
E-mail: gbd@investorfile.com
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