Andromeda Media Capital Corporation Limited: Third Quarter Results Exceed Expectations.WELLAND, Ontario Welland (formally The Corporation of the City of Welland; 2006 population 50,331 [1]) is a city in the Regional Municipality of Niagara in Ontario, Canada. -- Andromeda Media Capital Corporation Limited (OTHER OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :ADMPF.PK) announced a profit of $47,669 during the three-month period ended June 30, 2004 - a first for the company. During the same period in 2003, the company reported a loss of $66,821. "We are excited to see the results of our hard work and fiscal responsibility," said Albert Iannantuono, President, Andromeda Media Capital Corporation Limited. "2003 was a tough year for the company but we have persevered and remain strong and committed to our goals. We have embarked on a number of key long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. contracts that will enable us to continue to improve our cash flows and focus on the development of our partner channel." Revenues for the three months ended June 30, 2004 grew by more than 270 per cent over the same period in 2003 from $72,329 to $197,902. Expenses for the three-month period decreased slightly compared to the same period last year and expenses for the fiscal year-to-date (nine-month period) were down by 22 per cent compared to this time last year. Andromeda, through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , e-commatrix.com(R) inc., is focused on providing breakthrough eBusiness and eCommerce proprietary products and services. These products are introduced to market through an international network of licensed partners as complimentary product lines to their existing solutions, and under a progressive revenue-sharing model. e-commatrix.com(R) inc. aggressively sources new partners worldwide. Issued and outstanding capitalization capitalization n. 1) the act of counting anticipated earnings and expenses as capital assets (property, equipment, fixtures) for accounting purposes. 2) the amount of anticipated net earnings which hypothetically can be used for conversion into capital assets. as at June 30, 2004 - 3,620,205 common shares. Certain statements contained herein constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of section 27A of the Securities Act of 1933 and 21E of the Exchange Act of 1934. Such statements include, without limitation, statements regarding business and financing, business trends, and future operating revenues operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. and expenses. Statements regarding the aforementioned a·fore·men·tioned adj. Mentioned previously. n. The one or ones mentioned previously. aforementioned Adjective mentioned before Adj. 1. are based on several assumptions and are not to be considered fact. Although Andromeda Media Capital Corporation and e-commatrix.com(R) inc. believe that the statements are reasonable, it can give no assurances that such expectation will prove to be correct. Investors are cautioned that any forward-looking statements made by Andromeda Media Capital Corporation or e-commatrix.com(R) inc. contain no guarantee of future performance and that actual results may differ materially from those set forth in the forward-looking statements. For additional information see the reports filed by the company in its securities filings with applicable securities regulators (currently available at www.sedar.com). Unless otherwise required by applicable securities laws, Andromeda disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No stock exchanges have reviewed or accepted responsibility for the adequacy or accuracy of the content of this press release. Andromeda Media Capital Corporation Limited (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :ADMPF) |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion