AGENCY.COM Announces Results for the First Quarter 2001; Q1 Results In Line With Prior Company Guidance.Business Editors NEW YORK--(BUSINESS WIRE)--May 2, 2001 AGENCY.COM, Ltd., (Nasdaq: ACOM (language) ACOM - An early system on the IBM 705. [Listed in CACM 2(5):16 (May 1959)]. ), a leading e-business builder in global markets announced today its financial results for the first quarter of 2001 ending March 31, 2001. Revenue for the quarter is $41.1 million. Cash net loss is $4.7 million or ($0.12) per share. These results are in line with prior company guidance. In addition, AGENCY.COM finished the quarter with $72 million in cash and cash equivalents, which is better than the $66 to $69 million range provided earlier. "I'm pleased to report that our Q1 results meet or exceed the estimates we provided in February," said Chan Suh, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , AGENCY.COM. "We will discuss our Q1 results, our outlook on 2001 business and our progress on strategic initiatives for the company during a conference call on May 14, which was previously scheduled for May 9." AGENCY.COM will release full financial results for the quarter ending March 31, 2001 on May 14, 2001 after the market closes. The Company will host a conference call on May 14 to discuss its results at 5:00pm (EST EST electroshock therapy. EST abbr. electroshock therapy ). The call will be simultaneously broadcast live over the Internet at www.vcall.com (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. . Please allow extra time prior to the call to visit the site and download the streaming media See streaming audio, streaming video and digital media hub. software required to listen to the Internet broadcast. The online archive of the broadcast will be available within one hour of the live call. About AGENCY.COM AGENCY.COM is a leading e-business builder in global markets. The company provides strategy, branding and technology services that help its clients build and grow their interactive business across multiple digital channels -- the Web, wireless and interactive television. Founded in January 1995, AGENCY.COM is headquartered in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and has offices in Amsterdam, Atlanta, Boston, Chicago, Copenhagen, Dallas, London, Paris, Portland (OR), San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Woodbridge (NJ) and affiliate offices in Miami (FL), Seoul, Korea and Singapore. AGENCY.COM serves a broad and diversified global client base in a variety of industries, including 3M, British Airways British Airways in full British Airways PLC International passenger airline based in London. In 1936 British Airways Ltd. was founded through the merger of three smaller airlines. , Colgate-Palmolive, Compaq, Heineken, Incyte Genomics and Reuters. For investor information, please visit http://www.agency.com/investors or call AGENCY.COM's Investor Relations Investor relations The process by which the corporation communicates with its investors. line at 212.358.2702. To receive press releases going forward, please send contact information to investors@agency.com or call toll free 877.721.3006 for a fax copy. Matters discussed in this release may include forward-looking statements that involve risks and uncertainties, and actual results may be materially different. Factors that could cause actual events or results to differ from anticipated events or results include risk factors and other items that are contained in AGENCY.COM's reports and documents filed from time to time with the Securities and Exchange Commission. |
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