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Strategies & Market Trends : ICCSA -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (341)	1/20/2001 10:45:31 PM
From: RockyBalboa	Read Replies (3) \| Respond to of 361

"Press Release" Internet Commerce Corporation Outlines Path to Profitability Company Anticipates Cash Flow Breakeven By Year End 2001 NEW YORK--(BUSINESS WIRE)--Jan. 18, 2001--Internet Commerce Corporation (``ICC'') (Nasdaq: ICCA - news), a full-service provider in all aspects of e-commerce trading community development and Internet data exchange, today announced that the Company intends to achieve cash flow breakeven by calendar year end 2001. The cash flow improvement is due in large part to record growth in data transmissions, a substantial ramp-up in international customers, cost savings to be generated from the integration of Research Triangle Commerce, Inc. (RTCI) and subsequent streamlining of the combined companies. In November 2000, ICC announced the completion of its acquisition of RTCI, which will generate significant operating efficiencies and economies of scale. Additionally, the Company will continue to grow its market share and customer base by placing a greater focus on strategic partnerships, both domestic and international, to augment its existing sales operations. This strategy will not only open new markets, but will also result in a more efficient use of traditional marketing and advertising expenditures. Dr. Geoffrey S. Carroll, President and Chief Executive Officer of ICC, stated, ``As evidenced by a five-fold increase in transmission volume through our system over the past year, our network demand continues to grow. Given our strong customer pipeline, we expect to continue witnessing record levels of transmission volume. Importantly, by streamlining the Company's infrastructure, we have created a leaner and more efficient organization, which will deliver significant value to our customers and our shareholders. Furthermore, based on current plans and projections, it is our intent to achieve cash flow breakeven by the end of this calendar year. We are confident in our ability to achieve these targets while aggressively expanding our market share. Overall, our market segment, Internet infrastructure, remains a high growth segment and we remain well-positioned to capitalize on this opportunity.'' About Internet Commerce Corporation Internet Commerce Corporation is an infrastructure solutions provider serving the business-to-business e-commerce market. ICC provides companies with the foundation and structure to conduct business electronically through a continuum of services including e-commerce consulting, web site development and hosting, data transformation services, custom application development, and comprehensive EC education. ICC also hosts the ICC.NET data interchange service which offers traditional EDI network services and web-enabled, XML-based supply chain connectivity solutions. ICC.NET is a secure, low-cost, real-time transaction system for exchanging and managing, data, documents, electronic data interchange (EDI), graphics, audio and video clips for commercial trading partners of any size. The ICC.NET system uniquely bridges legacy e-commerce investments to the Internet. For further information, visit ICC at icc.net. Except for the historical information contained herein, this press release includes forward looking statements which are subject to a number of risks and uncertainties, including the risks and uncertainties associated with rapidly changing technologies such as the Internet, the risks of technology development and the risks of competition. Actual results could differ materially. For more information about these risks and uncertainties, see the SEC filings of Internet Commerce Corporation. biz.yahoo.com