Aludra Reports Record Quarterly Revenue and Profit Results for Q1 F2001.Business Editors TORONTO--(BUSINESS WIRE)--Nov. 7, 2000 Aludra Inc. (CDNX CDNX See Canadian Venture Exchange (CDNX). :YAD YAD Young Adult Division (of Combined Jewish Appeal; Montreal, Canada) YAD Youth Against Drugs (Finland) YAD You Are Dead YAD Youth Advisory Delegate YAD Yet Another Disconnect .), The Technology and Imagination Solutions Company, reports its financial results for its first fiscal quarter ended Aug. 31, 2000. A provider of innovative e-Business (Electronic-BUSINESS) Doing business online. The term is often used synonymously with e-commerce, but e-business is more of an umbrella term for having a presence on the Web. solutions, Aludra reported the continuation of the company's track record of revenue and earnings growth. The Company posted a record $596,180 in revenues for the first fiscal quarter, an increase of over 40% over revenues of $423,298 for the same period a year ago. Earnings (EBIT EBIT See: Earnings Before Interest and Taxes EBIT See earnings before interest and taxes (EBIT). ) amounted to $189,517, an increase of 37% from the $137,635 reported for the corresponding period in fiscal 2000. Net income increased 20% from $94,135 or $0.010 per share for Q1 in fiscal 2000, to $113,717 or $0.012 per share for Q1 in fiscal 2001. Increased profitability was largely attributable attributable emanating from or pertaining to attribute. attributable proportion see attributable risk (below). attributable risk to higher sales in e-Business services, a reflection of the Company's steady advancement of technological skills and robust e-Business development platform. Commenting on these results, Aldo Aldo Comes from old German and means old. Aldo may refer to:
A milestone or kilometre sign is one of a series of numbered markers placed along a road at regular intervals, typically at the side of the road or in a median. quarter for Aludra. We not only became a public company, but we are excited about our broadening broad·en tr. & intr.v. broad·ened, broad·en·ing, broad·ens To make or become broad or broader. broad client opportunities, having recently assisted 4 new clients in launching their e-Businesses in the quarter. Aludra continues to perform and grow in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with its strategic focus upon the e-marketplace An eMarketplace, or electronic marketplace, is a community of buyers and suppliers. More specifically, it’s an electronic community that integrates the procurement systems of buyers with the fulfillment systems of suppliers, creating a single standard process for transacting . This quarter has started right on track, placing Aludra in a position to produce another strong year." "Aludra has shown consistent profitability since inception, reporting accelerated revenue growth that has quadrupled over the last three fiscal years," stated Raymond Raymond, town, Canada Raymond, town (1991 pop. 3,130), S Alta., Canada, SE of Lethbridge, in a sugar beet area. Sugar is refined and honey is produced there. A provincial agricultural college is in the town. Rabbani Rabbani is a Malaysian nasyid group that consists of 7 members and they are Mohamad Asri Ibrahim as the lead vocal, together with Mohd Asri Ubaidullah, Ahmad Shafie, Zulkiflee Azman, Mohd Loqman Abd. Aziz, Rithauddeen Yaakob, and Azadan Abd Aziz. , CFO See Chief Financial Officer. of Aludra. "Our business model is based on the delivery of competitive value to our customers, strong management fundamentals and ongoing investments in our technology platform strategy that we believe will enable Aludra to continue to expand rapidly. Aludra's goal is to continue to improve profitability while continuing to outpace out·pace tr.v. out·paced, out·pac·ing, out·pac·es To surpass or outdo (another), as in speed, growth, or performance. outpace Verb [-pacing, the industry growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. ." About Aludra Aludra Inc. is a Toronto-based Technology and Imagination Solutions Company that is ranked among Canada's Fastest Growing Startups as published by PROFIT, The Magazine for Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. Entrepreneurs (Sept.2000 issue). As an e-Business full service provider, Aludra delivers innovative e-Business services using new and emerging technologies to a growing corporate client base. Focused on the development of proprietary technologies through its research and development efforts, Aludra is well known for its multimedia creativity, digital animation animation Process of giving the illusion of movement to drawings, models, or inanimate objects. From the mid-1850s, such optical devices as the zoetrope produced the illusion of animation. Stop-action photography enabled the production of cartoon films. , flexible programming technology and its flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , Aludra Suite, version 1.1. Specifically designed to reduce cost of outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. and deliver competitive advantage, this modular suite of integrated, Web-based products enhances information access, provides transaction tools, data hosting and fully integrated front/back-office customer relationship management. Aludra combines this modular offering with implementation services and strategic alliances to enable client companies to establish sustainable e-business in the fast-growing adj. 1. tending to spread quickly; - used mostly of plants. Adj. 1. fast-growing - tending to spread quickly; "an aggressive tumor" strong-growing, aggressive Internet marketplace See vertical portal and Web hub. . The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Aludra Inc.
Financial Statements
For the Three Months Ended August 31, 2000 and 1999
Aludra Inc.
Balance Sheets
As at August 31, 2000 and 1999
(unaudited)
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2000 1999
Assets
Current
Cash and cash equivalents $ - $ 164,427
Short-term investments 35,750 -
Accounts receivable 788,834 93,567
Prepaid expenses and sundry assets 18,031 17,955
Income taxes recoverable - 61,333
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842,615 337,282
Capital assets 239,617 143,962
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$ 1,082,232 $ 481,244
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Liabilities
Current
Bank indebtedness $ 37,371 $ -
Accounts payable and accrued liabilities 151,247 91,164
Income taxes payable 97,114 -
Long-term debt 90,643 68,352
Shareholder loans 85,146 94,227
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461,521 253,743
Future income taxes 11,000 2,500
Long-term debt 146,798 -
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619,319 256,243
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Shareholders' Equity
Capital stock 24,100 100
Retained earnings 438,813 224,901
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462,913 225,001
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$ 1,082,232 $ 481,244
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Aludra Inc.
Statement of Earnings and Retained Earnings
For the Three Months Ended August 31, 2000 and 1999
(unaudited)
---------------------------------------------------------------
2000 1999
Sales $ 596,180 $ 423,298
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Expenses
Advertising, promotion and travel 8,353 14,925
Interest 4,851 2,616
Investor relations 22,000 -
Occupancy costs 36,220 12,737
Office and general 46,143 19,507
Professional fees 36,409 11,510
Research and development 45,374 52,675
Salaries and benefits 185,192 160,145
Amortization 22,121 11,548
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406,663 285,663
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Earnings before income taxes 189,517 137,635
Income taxes
Current 75,800 41,000
Future - 2,500
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75,800 43,500
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Net earnings 113,717 94,135
Retained earnings at beginning of period 325,096 130,766
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Retained earnings at end of period $ 438,813 $ 224,901
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Earnings per share - basic and fully diluted $ 0.012 $ 0.010
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Aludra Inc.
Statements of Cash Flows
For the Three Months Ended August 31, 2000 and 1999
(unaudited)
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2000 1999
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Cash flows from operating activities
Net earnings for period $ 113,717 $ 94,135
Add (deduct) items not affecting cash
Amortization 22,121 11,548
Future income tax provision - 2,500
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135,838 108,183
Changes in non-cash working capital items
Accounts receivable (491,677) (20,912)
Prepaid expenses 16,874 (10,792)
Income taxes payable 75,800 39,195
Accounts payable and accrued liabilities 76,868 23,049
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(186,297) 138,723
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Cash flows from investing activities
Purchase of capital assets (7,728) (26,975)
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Cash flows from financing activities
Shareholder loans 103 10,003
Repayment of loans payable (17,471) (14,086)
Issuance of capital stock 24,000 -
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6,632 (4,083)
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(Decrease) increase in cash during
the period (187,393) 107,665
Cash at beginning of period 150,022 56,762
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(Bank indebtedness) cash at end of period $ (37,371) $ 164,427
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