October 1998 corporate update
The Bridges Initiatives Inc
BIT
Shares issued 8,496,250
1998-10-07 close $0.5
Thursday Oct 8 1998
Mr. Doug Manning reports
Bridges on Track to Achieve 1998 Goals
Bridges is on track to realize its corporate goals in three important performance
indicators - sales, expenditures and earnings. Total invoicing has reached $2,417,000
after 10 months. Bridges' 1998 goal is $2,800,000.
Recent Accomplishments
Arizona Sale Leads Great September
Bridges generated over $146,000 in invoices from 104 new site sales in September.
Over 2,280 schools and career centres now subscribe to Bridges' national and
regional career development services. Thirty-three of September's sales were in
Arizona.
Arizona has jumped from half a dozen subscribers to nearly 40, and all 33 new sites
are subscribing for three years.
Bridges Boosts Sales Staff
Four new sales staff, Eileen Guimond, Darryl Johnston, Randy McEachen and
James Twible, have joined the company, boosting internal sales from six to 10.
Salespersons average 175 sites sales per year. Increasing the sales staff is expected
to increase revenues proportionally.
Emerging Events and Opportunities
Portfolio Plus Released on CX-98
Bridges' Portfolio Plus will be marketed by Industry Canada later this year. The
online career portfolio will be distributed to one million grade 6 to 12 students across
Canada.
The 1,000+ Canadian schools subscribing to Bridges' career development services
will get the portfolio as part of their subscription. Others will receive a free
stand-alone online portfolio.
New Market - Youth Corrections
Bridges and the Justice Distance Learning Consortium are discussing the possibility
of integrating Bridges' career development services into the youth correction
systems of New York, Florida and Texas. Fifty-two youth correction facilities
represented by the JDLC are considering the service.
The Texas regional sales representative expects contracts to fall into place within a
month or two, as the technical aspects of delivering the company's service to
corrections facilities will take a bit longer to organize |
