Rare Method continues profitable growth - Q3 revenues up 86% - Net Profit up 465%
5/5/05
CALGARY, May 5, 2005 (Canada NewsWire via COMTEX) --
Rare Method today announced consolidated financial results for the three and nine months ended March 31, 2005. For the three-month period ended March 31, Rare Method recorded revenue of $1,507,073 compared to $810,619 in the third quarter last year; an increase of 86%. The company's EBITDA for the quarter was $247,495 compared to $67,224 last year; an increase of 268%. Net profit was $193,287 compared to $34,220; an increase of 465%.
For the nine months ended March 31, 2005, revenues where $3,301,760, a 71% increase over $1,935,771 for the same nine month period in 2004. EBITDA and net profit for the period were $390,367 and $244,963 compared to $149,374 and $55,289 in the same period last year, a 161% and 343% improvement.
"Two thirds of the revenue growth in the quarter is organic," explains Roger Jewett, Rare Method's President. "It came primarily from increases in our interactive marketing and creative development businesses. The remaining one third of the revenue growth was generated by our three newly acquired businesses - Media Calgary, Axion Integrated Marketing Inc. and Powerlines Strategic Marketing and Communications Ltd."
Jewett added: "The acquisitions broaden the scope of our interactive marketing services, position us to attract larger national and international clients, and increase our market share in the sector."
"In the fourth quarter, we will focus on integrating our recently acquired businesses and showcasing our broadened range of interactive marketing expertise to engage new business opportunities in North America."
Please visit our website at www.raremethod.com for more detailed information.
About RareMethod Capital Corp.
Rare Method (TSX-V: RAM) is a leading Canadian interactive marketing firm that uses its in-house talents to design, build, implement and optimize strategic interactive marketing programs that acquire, convert and retain customers. Rare Method services include interactive marketing consulting, web and online applications development, award-winning traditional and digital creative, search engine marketing, strategic email marketing, sales and marketing data analysis, campaign performance optimization, broadcast audio and video production and on hold messaging (On Air division). www.raremethod.com In 2005, Rare Method was recognized by Alberta Venture magazine as one of Alberta's fastest growing companies.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
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Mr. Evan Spiropoulos, Chairman, Rare Method, (403) 543-4500, evan@raremethod.com; Mr Neil Bousquet, APR, PR, Rare Method, (403) 256-8834, neil@raremethod.com
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