CMNN>..41/.46...i like what they are doing here:
(COMTEX) B: Communicate.com Inc.: Communicate.com reports record revenues
nd profit for fiscal 2003 ( M2 PRESSWIRE )
B: Communicate.com Inc.: Communicate.com reports record revenues and profit for
iscal 2003 ( M2 PRESSWIRE )
VANCOUVER, British Columbia, Mar 30, 2004 (M2 PRESSWIRE via COMTEX) --
Communicate.com Inc. (OTCBB:CMNN) today announced results for the fiscal year
ended December 31, 2003. All figures are in US dollars.
Financial Highlights:
-- Record twelve month revenues of $1,230,835, versus $625,679 for 2002 - an
increase of 96 percent
-- Record twelve month net income of $249,793, or $0.02 per share, versus a loss
of ($1,278,600), or ($0.09) per share for 2002
-- Record twelve month product sales of $481,907, versus $43,991 for 2002
-- Cash and cash equivalents of $393,039 at year end 2003, versus $55,527 at
year end 2002
Corporate Highlights:
-- Launched Perfume.com and Cologne.com, the first B2C eCommerce sites developed
by in-house staff - both sites had consecutive monthly sales increases
-- Launched Vietnam.com and Malaysia.com online travel sites, specializing in
comprehensive travel to Southeast Asia
-- Membership at Importers.com, the company's subscription-based B2B trade
portal, increased by more than 6,000
-- Sold four URLs for $1 million to single buyer - retained a five percent
lifetime royalty from sites and received two non-refundable $200,000 payments
-- Reduced long-term loan by $75,000
Communicate.com's President David Jeffs commented, "In 2003, we hit our target
of four consecutive profitable quarters. We also achieved our goal of launching
several B2C sites, such as Perfume.com and Cologne.com, which have generated
increasing revenues from product sales. The continued growth rate of online
commerce confirms that Communicate.com is in the right industry at the right
time. In 2004, we will step up the development and marketing of our core URLs in
the consumer goods and travel spaces, and increase revenue from our active B2C
and B2B sites. These factors should allow us to achieve a steady level of growth
in fiscal 2004."
CONTACT: Adam Rabiner, Communications Director, Communicate.com Inc. Tel: +1 604
648 0536 Tel: +1 866 898 4354 e-mail: investors@communicate.com WWW:
communicate.com
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