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Gold/Mining/Energy : Microforum (MCF:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Link Lady who wrote (2468)	6/2/1999 6:15:00 PM
From: lib	Read Replies (1) \| Respond to of 3896

Supposedly from Bloomberg today (no link)... Microforum Expects Revenue in Current Fiscal Year to Rise 35% Mississauga, Ontario, June 2 (Bloomberg) -- Microforum Inc. expects revenue in its current fiscal year to rise about 35 percent from last year's C$29.1 million (US$19.7 million), following the company's shift to helping companies develop and manage online businesses. Mississauga, Ontario-based Microforum, which until this year made video games, also said revenue in first quarter ended May 31 was "significantly better than fourth quarter." Results in both periods will include Software Guaranty Inc., a software maker acquired in March, Frank Iadipaolo, Microforum's chief financial officer, said during a conference call. Microforum charges a fee to construct a client's Web site and collects fees for advertising and marketing on sites. It also collects a so-called clickage fee whenever something is sold on a site that it developed. Yesterday, Microforum said it had net income in the fourth quarter ended Feb. 28 of C$538,789 or C$0.03 a share, compared with a year-earlier loss of C$4.2 million, or C$0.38. Revenue rose more than fourfold to C$6.8 million from C$1.5 million. Howard Pearl, Microforum's president and chief executive, said the company intends to get a Nasdaq listing by the end of the year and further develop its business in the U.S. either by making acquisitions or opening offices. Some analysts said Microforum's lack of U.S. exposure may hurt the company's growth. Its rivals include Proxicom Inc., Razorfish Inc. and Scient Corp., all of the U.S.