CMNN .29/.34..this is a kind of unique internet domain play...are not very many left...plus, they have rising rev and they are profitable...nice combination...this today...i think it is a buy here and just hold onto it:
B: Communicate.com Receives Third $200,000 Payment for 4 URLs; Fu
ther Reduces Debt ( CCNMatthews )
B: Communicate.com Receives Third $200,000 Payment for 4 URLs; Further Reduces D
bt ( CCNMatthews )
VANCOUVER, BRITISH COLUMBIA, Feb 17, 2004 (CCNMatthews via COMTEX) -- Further
to news releases dated Aug. 27 and Nov. 3, 2003, Communicate.com Inc.
(OTCBB:CMNN) (Berlin:TQ6) today announced receipt of a third $200,000 payment
from Manhattan Assets, Inc. towards the purchase of Automobile.com,
Exercise.com, Body.com and Makeup.com for $1 million.
Two further quarterly payments of $200,000 are owed to Communicate, after which
Communicate will maintain a perpetual five percent royalty interest in revenues
generated from these sites.
Communicate will use the proceeds to accelerate the development and marketing of
its core eCommerce websites.
In addition, Communicate will further reduce its debt by paying down $50,000 on
its $300,000 loan. The loan is payable June 28, 2005.
About Communicate:
Communicate.com owns, develops and operates a network of 25+ intuitively branded
eCommerce websites and URLs specializing in consumer goods, travel,
sports/lifestyle and B-to-B. The company's premium generic one-word domains
attract approximately 1,000,000 unique visitors and potential customers each
month without the usual marketing costs. For more information about Communicate,
please visit www.communicate.com.
This news release contains "forward-looking" statements, as such term is defined
in the Private Securities Litigation Reform Act of 1995. Because such statements
include risks and uncertainties, actual results may differ from those expressed
or implied herein.
CONTACT: Communicate.com Inc.
Adam Rabiner
Communications Director
(604) 648-0536 or 1-866-898-4354
Website: www.communicate.com
Communicate.com Announces Record Revenue and Profit for Q3 2003
Communicate.com Announces Record Revenue and Profit for Q3 2003
Business Editors
VANCOUVER, British Columbia--(BUSINESS WIRE)--CMNN--
Communicate.com Inc. (OTCBB:CMNN)(Berlin:TQ6) today
announced results for the third quarter and nine months ended
September 30, 2003. All figures are in US dollars.
Financial Highlights:
-- Record third quarter revenue of $394,734, versus $99,108 for
the same period of 2002 (a 398 percent increase)
-- Record third quarter net income of $144,481, versus $71,665
for the same period of 2002
-- Record nine month revenue of $649,676, versus $578,945 for the
same period of 2002
-- Record nine month net income of $178,042, versus a loss of
$1,279,192 for the same period of 2002
Corporate Highlights:
-- Launch of Vietnam.com online travel website specializing in
comprehensive packages to Indochina
-- Membership at Importers.com, Communicate's B-to-B site,
increases more than 170 percent in third quarter compared to
second quarter
-- Reached an agreement to sell four URLs for $1 million to
single buyer, retained a five percent lifetime royalty from
sites and received an initial $200,000 payment
Communicate's President David Jeffs commented, "We are pleased
with our growth to date. Revenue from product sales increased
significantly and we continued to expand our workforce and invest in
marketing and development, laying the groundwork for continued growth.
As we head towards the holiday season, we are experiencing rising
sales at our online fragrance stores, Perfume.com and Cologne.com.
This should result in record revenue for the fourth quarter and a
profitable year end."
Communicate's complete Form 10-QSB as filed with the SEC can be
accessed at Nasdaq.com via the 'Investors' page at
www.communicate.com.
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