[IAO] IA GLOBAL INC > 0.2599 +0.04 ( +18.14%) Open > 0.2398 Volume > 344168
Wednesday January 23, 10:00 am ET
SAN FRANCISCO--(BUSINESS WIRE)--IA Global, Inc. (Amex:IAO - News) announced today increased revenue guidance to $15.0 to $17.5 million for the three months ended March 31, 2008, up from the $14.0 to $16.5 million previously disclosed. This represents an increase of 132% and 171%, respectively, over the three months ended September 31, 2007. The company is also projecting profitability for its wholly owned subsidiary, Global Hotline, Inc., for the three months ended March 31, 2008. The company expects FY 2007/8 revenues of $38.0 to $40.5 million, an increase of 73% and 84%, respectively, as compared to $22.0 million in FY 2006/7. This is based on exchange rates of 113 and 108 in the three months ended December 31, 2007 and March 31, 2008, respectively. The company expects Global Hotline and possibly the consolidated company to be profitable for the three months ended March 31, 2008. biz.yahoo.com |
