SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Bridges.com (T.BIT) -- Ignore unavailable to you. Want to Upgrade?


To: Graystone who wrote (3)11/14/1998 10:14:00 AM
From: David Michaud  Respond to of 1249
 
November 1998 update

The Bridges Initiatives Inc BIT
Shares issued 8,496,250 Nov 11 close $0.75
Thu 12 Nov 98 News Release

The Bridges Initiatives Inc.
Trading Symbol BIT * Stock Exchange ASE
30 Day High $0.80/share * 30 Day Low $0.46/share
Oct. 30, 1998 close $0.70/share

The value of Bridges stock surged last month thanks to the support of Al
Budai, president of the Buy Low Sell High newsletter. On his recent talk
show broadcast across Canada via the WIC network, Mr. Budai recommended
Bridges as an investment. Bridges stock traded as high as 80 cents in
October, and settled at 70 cents at the end of the month. "This
demonstrates the importance of supplying good information to the investment
community," says Doug Manning, CEO of Bridges. "We believe the
dissemination of good information will continue to increase investor
awareness -- and in turn assist in supporting a more accurate valuation of
Bridges' stock in the market."

Recent Accomplishments
Q4 New Sites Sales on Target
Bridges generated $248,700 on 187 new site sales in the first two months of
the fourth quarter. October's 83 new sales are down from the previous month
sales.
"We expect a strong close to the quarter," says Mike Martin, vice-president
of sales and marketing. "I'm confident our sales performance in November
will allow us to meet our fiscal goals for Q4."
Closing In On Resubscription Goal
Resubscription sales totaled $700,000 in the first 11 months of fiscal
1998. Only 103 subscribers from 1997 have yet to determine their intentions
for 1998.
"Bridges is close to achieving its 1998 goal of a 90 per cent rate of
resubscription," says Norm Thompson, vice-president of finance. "Bridges'
strength is our consistent ability to resubscribe customers at very high
rates. It allows us to build on a growing core of subscribers and
continually add to our revenue base."
Year 2000 Web Updates at bridges.com
Initial evaluations indicate that Bridges' hardware and software is Y2K
compliant. However, due to customer and third party provider compliance
issues, Bridges will continue to treat as a high priority during 1999, the
ongoing development and communication of it's Y2K plan.
A Y2K section will be launched on our corporate Web site at bridges.com in
late November. Its initial content will define Bridges' plan for Y2K
preparation. Updates will be posted regarding developments in that plan.

1998 1997
Sites Accessing as of Oct. 2,363 951
Total Pages Viewed in Oct. 2,033,563 579,760
Total Hits in Oct. 8,441,878 NA

THE BRIDGES INITIATIVES INC.
7B-1404 Hunter Court
Kelowna BC Canada V1X 6E6
Tel: 250 862 8722 * Fax: 250 862 8771
E-mail: info@bridges.com
Website:www.bridges.com
The Alberta Stock exchange has neither approved nor disapproved the
information contained herein.



To: Graystone who wrote (3)12/2/1998 11:49:00 PM
From: David Michaud  Respond to of 1249
 
Annual higlights

The Bridges Initiatives Inc BIT
Shares issued 8,496,250 Dec 1 close $0.65
Wed 2 Dec 98 News Release
Mr. Doug Manning reports
Bridges' fiscal year ended Nov. 30, 1998. Revenues in fiscal 1998 will be
double 1997 revenues of $1,308,000. Earnings before amortization will
increase more than 300 per cent over 1997 preamortization profits of
$238,000.
In 1998 1,600 new sites subscribed to CX. More than 1,000,000 North
American youth in over 2,300 schools now subscribe to Bridges' national and
regional career development services.
Usage of the CX resource exploded. Over 11,000,000 page impressions were
recorded in 1998. This is four times the 2,780,000 recorded in 1997.
The province of Manitoba purchased CX for all schools with grade 9 to 12
enrolments. This is the first province or state to obtain CX for all its
senior students.
About 90 per cent of CX users resubscribed to the service, indicating
strong customer commitment to Bridges' resources.
Bridges will focus on the achievement of these three key results for 1999:
Increase market share - secure over 12.5 per cent (4,500) of the North
American middle and secondary school market as subscribers to Bridges'
online career development services;
Diversify revenue streams - generate revenues of over $500,000 from CX
regionalization, an adult version of CX, an online portfolio, and
other diversification of Bridges' technology.
Double earnings - increase earnings before taxation and amortization
100 per cent over 1998.
Bridges' CX resource is used in approximately six per cent of North
American middle and secondary schools. The opportunity for improved market
share is increasing as the vast majority of schools are now connected to
the Internet.
Bridges also anticipates additional revenue from the regionalization,
customization and continued development of the CX resource. The company
projects that its growth should create corporate efficiencies that will
allow it to increase the percentage of revenue that results in pretax
profit.



To: Graystone who wrote (3)12/25/1998 11:00:00 AM
From: David Michaud  Respond to of 1249
 
ecord Hits Open Fall '98
Soaring usage good indicator for re-subscriptions, reflects school
Internet use

Usage of Bridges' online career services has boomed through the first two
months of the school year.

Total hits in October exceeded 8,400,000, dwarfing last year's totals of
579,000 hits for the same month. Page impressions - the number of articles
viewed as opposed to total files - also soared to 2,030,000.

Usage in September was also strong, with total hits of 5,560,000. Last year,
Bridges' regional and national service opened the school year with 250,000
hits.

"Product use is key to two major corporate goals," says Doug Manning,
CEO, Bridges. "First, it's an important indicator for re-subscription sales --
clients who use our services re-subscribe to them. Secondly, the high hit
counts confirms that school usage of online resources is warming up. That
supports our ambitious new site sale goals for 1999.

"This is best advertising Bridges' sales department can ask for," says Mike
Martin, vice-president, sales and marketing. "It raises our profile. Reputation
is important in the education information marketplace."

In terms of Internet traffic, the numbers are impressive. America's Job Bank,
the largest online job site in the world, receives 45 million hits a month. Career
Mosaic, a major online career and job posting site, receives 300,000 queries
a day. Career Builder, another premier online recruiting service, receives two
million job searches per month.

All three sites are free and open to the public -- potentially available to millions
of Internet users.



To: Graystone who wrote (3)1/13/1999 8:04:00 AM
From: David Michaud  Read Replies (1) | Respond to of 1249
 
Bridges year-end results

The Bridges Initiatives Inc BIT
Shares issued 8,496,250 Jan 12 close $0.85
Wed 13 Jan 99 News Release
Mr. Doug Manning reports
The company's earnings are 11 cents per share based on the audited
financial statements for 1998, up from a loss of one cent per share in
1997. Revenues of $3,014,000 represent a 177 per cent increase over 1997.
Net earnings of $944,000 after tax and amortization represent a million
dollar increase over 1997's loss of $110,000.

STATEMENT OF EARNINGS
Year ended Nov. 30

1998 1997

Revenue $3,014,145 $1,308,036
---------- ----------
Expenses 1,790,920 1,070,822
---------- ----------
Income from
operations 1,223,225 237,214

Amortization 354,150 348,272

Interest income 17,426 810
---------- ----------
Income (loss)
before taxes 886,501 (110,248)

Income taxes (57,443) -
---------- ----------
Net earnings
(loss) $ 943,944 $ (110,248)
========== ==========
$0.11 -