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BOCA RATON, Fla.--(BUSINESS WIRE)--Dec. 10, 2002--On December 3, 2002, Sticky Web, Inc. (SIKY) (Pink Sheets:SIKY) released its three-year proforma business and revenue plan. The plan consists of a proforma business plan with revenue models that take advantage of the Company's existing software and marketing products and services. SIKY is projecting that the Company will generate revenues that exceed $60 million growing to over $248 million in year three based on marketing the SIKY software and products that include Sticky Web(R) mystickyweb.com, the starwebsystem.com "Online Business Centers," MailWiz(R), and its marketing Seminars, and other marketing products and services. These products and services are designed to bring a complete turnkey web design, hosting and marketing service to the small business. SIKY also believes that it will generate $22 million-30% EBITDA growing to $83 million-33% EBITDA for the same years. Based on the current issued and outstanding shares the Company expects to generate $1.47 earnings per share in year one growing to $5.50 earnings per share by year three. Currently there are approximately 2.3 million shares in the public float. "The nature of our software greatly enhances the performance and profitability of our Company and marketing capabilities. We are able to pass along these same performance qualities to our clients through the sale and licensing of our software and marketing products," Thomas L. DiStefano III, CEO/Chairman Sticky Web, Inc. The new proforma business plan with revenue models are based upon marketing the SIKY software and products that include Sticky Web(R)-www.mystickyweb.com, www.starwebsystem.com system, MailWiz(R), and designed to bring a complete turnkey web design, hosting and marketing service to the small business. MailWiz(R) is the SIKY e-mail management system that has application for both the small business with a limited marketing budget and the corporate client that requires the ability to manage their own direct marketing campaigns. Included in this proforma business plan the Company plans to further develop its Online Business Centers that are sold through its Seminars as well as protected web hosting, commercial e-mail sending in both the Opt-In and targeted categories, sales of mailing lists, lead generation, and data collection services. Currently the Company has 350 million OPT-IN e-mail addresses worldwide and can generate 450,000 leads per month. About Sticky Web, Inc. Sticky Web, Inc. is a leading provider of proprietary Web based technology and marketing products and services that provide Web publishing, e-mail management, Web hosting, traditional, Internet and innovative marketing services to global clients. The core technologies, Sticky Web(R) and Mail Wiz(R), provide a comprehensive suite of technology products and marketing services that enable users, individuals and businesses of all skill-sets to become Web publishers, online advertisers, e-marketers and real-time collaborators. The solutions include Web publishing, automated e-mail management and marketing, e-commerce, secure hosting and multiple user work platforms that are all delivered from the Company's secure servers to the subscriber's browser. The technologies and marketing services are designed specifically for the demands and needs of novice to the most sophisticated Web publishers, e-commerce merchants and large corporate advertisers. With offices in Boca Raton, Florida and Northridge, California, Sticky Web Inc. and is headed by Thomas L. DiStefano III as Chairman/CEO and Hector Sectzer as President. The Company's Florida corporate office telephone number is 561/955-9295 and fax is 561/470-0813 and the California marketing office is 888/711-1141 and their fax number is 253/663-7169. This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of risks and uncertainties impacting the Company's business including increased competition; the ability of the Company to expand its operations through either acquisitions or internal growth, to attract and retain qualified professionals, and to expand commercial relationships; technological obsolescence; general economic conditions; and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC). --30--GAA/mi* CONTACT: CLX & Associates, Inc., Miami Robert Weidenbaum, 800/860-8241 or 305/860-3307 Fax: 305/285-9884 | ||||||||||||
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