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Gold/Mining/Energy : BCE Emergis - global e-commerce -- Ignore unavailable to you. Want to Upgrade?

To: kryss who wrote (19)	3/12/1998 11:18:00 PM
From: sPD	Respond to of 1341

Right on kryss, that Nasdaq listing is getting closer ... somewhere around C$7.50 should qualify us. The Financial Post, Montreal, Wednesday, January 21, 1998 Robert Gibbens MPACT targets Nasdaq listing MONTREAL - Electronic commerce specialist MPACT Immedia Corp. is focusing on profit as well as revenue growth this year to raise market capitalization and qualify for a Nasdaq listing, president Brian Edwards said yesterday. "We expect revenue of about $27 million, a 10% operating margin and net income of about $250,000 for the year ending Aug. 31," Edwards said following the company's annual meeting. "We're getting results from cost-cutting and last year's reorganization, and our marketing strategy is succeeding in North America and elsewhere." MPACT reported net income yesterday of $20,440 (nil) for the first quarter ended Nov. 30, compared with a loss of $286,760 (2› a share) for the year-earlier period. Revenue was $5.7 million against $2.9 million. In fiscal 1997, the loss was $14.6 million (79›), after $13.5 million of writedowns of software development, goodwill and other costs, against a loss of $614,822 (4›) a year earlier. Revenue was $19.1 million against $11 million. Average shares outstanding were 19.5 million. MPACT needs a market capitalization of about US$100 million to qualify for a Nasdaq listing, said Edwards and is now halfway there. More contracts have been signed with North American banks and by yearend, 80% of revenue will be recurring from network services, he said. MPACT shares (IFM/TSE) closed yesterday at $3.45 up 10›. The 52-week range is $3.60 to $2.15.