Well here they are !!!!
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Bridges first quarter revenue tops $1-million
Tuesday Mar 2 1999
Mr. Doug Manning reports
A province-wide purchase, 361 new site sales, and several small government contracts will push revenues to over $1,040,000 in the first quarter. The Ontario deal bolstered revenues in the company's traditionally slow first quarter. First quarter achievements have taken Bridges more than 20 per cent of the way towards its 1999 revenue goal of $4,800,000.
The Ontario Ministry of Education purchased one-year subscriptions for 750 English public schools in February. Several small contracts totalling $45,000 were also signed. Over $444,000 was earned from 361 new site sales, as well as $50,200 in resubscription revenues. Final first quarter financial figures will be available in Bridges' first quarter report, due out later this month.
Two large-scale American CX deals helped push direct sales over projections for the first quarter. A 141-site purchase in California, and a 48-site purchase in Michigan, contributed to the 361 site sales in the first quarter, well above first quarter projections of 175.
Bridges.com's on-line career development services will add several new features over the next six months. An on-line portfolio with customized news services will be added. New career planning tests, inventories, tools and content will broaden market appeal and add value for Bridges.com customers.
SAFETY-Net, a consortium of youth correctional facilities in New York, Texas and Florida, purchased access to CX for 11 of its sites. The intent is to examine distance learning applications for young offenders in youth correctional facilities.
The second and third quarters are traditionally Bridges.com's strongest for new sales, with 60 to 70 per cent of new subscriptions signed in this time period. In the second quarter, 550 new site sales are projected, compared with 306 sold in the second quarter of 1998. The company will also examine several new business opportunities, including development of a career information service for the adult
market. Bridges.com expects to also incur tax on profits from the second quarter and this will impact earnings for the quarter. |
