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Gold/Mining/Energy : MPL Communications (C.MPZ) acquires Carlson Online -- Ignore unavailable to you. Want to Upgrade?

To: Buckey who wrote (26)	12/17/1999 8:49:00 PM
From: LABMAN	Read Replies (1) \| Respond to of 38

3rd Quarter Earnings for MPL COMMUNICATIONS MPL Communications Inc. 12/17/99 - Third Quarter Earnings At Mpl Communications Reveal Dramatic MPL COMMUNICATIONS INC ("MPZ-V") - Third Quarter Earnings At Mpl Communications Reveal Dramatic - Turnaround In Profitability MPL COMMUNICATIONS Inc. has reported earnings before interest, taxes, depreciation and amortization (EBITA) in the third quarter of $379,791 or $0.025 per share. Charges for interest, depreciation and amortization brought income before taxes to $213,714 or $0.014 per share compared to a loss of $1,359,888 in the three months ended Sept. 30 a year earlier. Revenue in the third quarter was $1,766,228, down from revenue of $2,224,999 in the comparable period of 1998. The decline in revenue was more than made up by a dramatic reduction in expenses to $1,552,514 for the quarter compared to $3,584,887 a year earlier. The Toronto-based investment advice and financial information publisher of services that include the Investor's Digest of Canada, ID OnLine, and The Investment Reporter attributed the dramatic turnaround to three principal reasons. The sale of four non-financial publishing properties in December, 1998, was largely responsible for the lower revenues and also contributed substantially to the decline in expenses. Secondly, a program begun in 1997 to accelerate the amortization of deferred subscriber acquisition costs was near completion and its negative impact on income has almost been eliminated. Thirdly, management services contracts with MPL's parent company and a related partnership were terminated before the quarter began. The acquisition by MPL of the Vancouver-based web site company Carlson OnLine Services Inc. on Sept. 30 was a major highlight of the quarter but had no impact on the company's operating results since it occurred on the final day of the quarter. Carlson publishes two of Canada's most popular financial information web sites, www.carlsononline.com and its French language edition, www.carlsonendirect.com. Carlson founder, David Carlson, has joined MPL as vice-president, new media products. Mr. Carlson will be responsible for merging the two Carlson sites with MPL's successful paid subscription web site www.idonline.ca. "The combined resources of these web sites will create the most comprehensive and useful data base of investment advice and financial information available to Canadian investors," Mr. Carlson said. The three sites will continue to be published separately until they are relaunched early in 2000 under the new name www.adviceforinvestors.com, he added. MPL's common shares are listed for trading on the new Canadian Venture Exchange under the trading symbol MPZ. TEL: (416) 869-1177 Stephen D. Pepper, Chairman, FAX: (416) 869-0456 MPL Communications Inc. ______________________________ (c) Corporate Dissemination Services Inc. All rights reserved. Tel:(604) 689-1101 Fax:(604) 689-1106 RapidFAX (tm) - To get the NEWS as it happens, call (604) 689-3041.