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Technology Stocks : MSGI Marketing Services Group Inc. -- Ignore unavailable to you. Want to Upgrade?

To: John Madarasz who wrote (3384)	9/29/2000 2:09:17 AM
From: Alex Mt	Read Replies (1) \| Respond to of 3418

Marketing Services Group Reports Fourth Quarter and Fiscal 2000 Year-End Results PR News September 27 2000 06:44AM PT Revenues Increase 74% and EBITDA Improves Significantly Company Intensifies Focus on Core Direct Marketing Business Discontinued WiredEmpire Operations to Have No Financial Impact After July 1 NEW YORK, Sept. 27 /PRNewswire/ -- Marketing Services Group, Inc. (Nasdaq: MSGI), a leading provider of integrated marketing solutions, today announced results for the fourth quarter and fiscal year ended June 30, 2000. The following results represent all MSGi Direct operations excluding WiredEmpire, (which has been reported as discontinued operations) and unrealized losses from Internet investment write-downs. Revenue for the fourth fiscal quarter increased 74% to $45.0 million compared to $25.9 million for the same period in fiscal 1999, representing the 15th consecutive quarter of double-digit growth. EBITDA for the fourth quarter improved to a loss of $1.4 million compared to a loss of $2.0 million in the same quarter last year. Net loss for the fourth quarter was $5.7 million or ($0.19) per share, compared to a net loss (excluding non cash preferred dividends) of $3.9 million or ($0.20) per share reported for the fourth quarter one year ago. Jeremy Barbera, Chairman and Chief Executive Officer of Marketing Services Group, said, "The fourth quarter was extremely positive from both an operational and financial point of view. While the revenue growth is a reflection of the continued strong demand we see in our core direct marketing business, our EBITDA performance comes from the preliminary benefits of our integration efforts, including the consolidation of common services across businesses, which only began on May 1st. As these integration measures gain more traction, we believe that we can post even stronger results. Going forward, we will take an even more aggressive and disciplined approach to managing our cost structure; growing our EBITDA and attaining and sustaining profitability." ~~~~~~~~~~~~ John & thread: Sounds like we're back on track. Thanks for all the reporting and encouragements. I have been lurking here and averaging down. Maybe it will pay off. Alex