Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: chalu2 who wrote (11)	1/16/1999 1:44:00 PM
From: David Michaud	Read Replies (1) \| Respond to of 1249

Hi chalu2 .. and welcome to BRIDGES.COM ------------THE PLAN -------- In 1998, 2,259 sites subscribed to Bridges.com's online resources. This represents approximately six per cent of the 36,000 middle and secondary schools in North America. The goal for 1999 is to at least double market penetration. This will be accomplished by adding at least 2,500 new subscribing sites and maintaining our 90 per cent rate of resubscription with existing subscribers. Bridges.com earns most of its revenue from direct sales of CX Subscriptions to schools. In 1999, we'll examine the diversification of revenue sources for the company. Options include the development of an online portfolio, expansion into the adult market (employment centres, libraries, post-secondary institutions), and regionalized versions of our resources. Although the online portfolio isn't expected to generate any revenue in 1999,the goal is to register more than 200,000 users, providing a strong base for business development in 2000. The first quarter (December to February) is a traditionally slow selling time for the education marketplace. The majority of Bridges.com's predictable revenues are generated in the second and third quarters of the year. The corporation also generates most of its resubscription revenue in Q3. ................................. Bridges Earns 11 Cents Per Share in 1998, 5 cents in the last quarter. ................................. Revenues up 130 per cent, earnings per share exceed analysts' predictions. Bridges.com is pleased to announce earnings of $0.11 per share for 1998, up from a loss of $0.01 per share in 1997. Revenues of $3,014,145 represent a 130 per cent increase over 1997. Earnings of $943,944 after tax and amortization represent a million-dollar increase over 1997's loss of $110,248. "We're excited about the steady growth in revenues and in 1998's earnings per share," says Doug Manning, CEO, Bridges. "It's becoming more and more evident that we have the ability to deliver on our projections. We expect steady sales in the first quarter with strong growth seen in Q2 and Q3. Buy Low, Sell High! Small Cap Canadian Stocks Review recommended Bridges as an investment last May, and predicted earnings of $0.09 a share. "We're very pleased with the numbers -- they far exceeded our projections," says Buy Low, Sell High! associate editor Grant Robertson. "It's obvious the business plan and model that Bridges has come up with is successful." Adds Robertson: "Bridges is one of Canada's few profitable Internet companies. With stocks like Yahoo!, Infoseek and broadcast.com soaring to unbelievable levels, and with the exception of Yahoo! none of them earning a profit, it's quite amazing to see a little Canadian company like Bridges really showing these big boys how to do it." Buy Low, Sell High! Small Cap Canadian Stocks Review bills itself as "Canada's No. 1 independent small-cap stocks newsletter," and features small-cap industrial, high-tech, mining, oil, and gas companies from each Canadian stock exchange. More information about Buy Low, Sell High! is available at www.stockdepot.com. A copy of the November 30th, 1998 audited balance sheet and income statement are included with the January corporate update article -- available on this site. Please Visit BIT at bridges.com