Bridges June '98 Corporate Update.KELOWNA, BRITISH COLUMBIA--(BUSINESS WIRE)--June 4, 1998-- Bridges (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :BIT.) Bridges, CX-98 Look to West Virginia West Virginia, E central state of the United States. It is bordered by Pennsylvania and Maryland (N), Virginia (E and S), and Kentucky and, across the Ohio R., Ohio (W). Facts and Figures Area, 24,181 sq mi (62,629 sq km). Pop. -0- ------------------------------------------- Trading Symbol BIT Stock Exchange ASE 30 Day High $0.64 / share 30 Day Low $0.40 / share May 29, 1998 close $0.57 / share ------------------------------------------- West Virginia may be Bridges' next sales hotspot. "West Virginia is ready for a much wider adoption of the service," says Doug Turton, W.V. regional sales representative. "CX-98 fits in well with the state's career curriculum. I think we'll see significant sales increases in the region over the next six months." Twenty-seven per cent of West Virginian middle and secondary schools already subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; CX-98. Recent Accomplishments - 1998 Invoices Exceed The Million Dollar Mark Sales invoices for the first six months of fiscal 1998 have exceeded $1,113,000 - almost equaling last year's total sales of $1,300,000. This marks the first time Bridges has recorded sales in excess of a million dollars for a six-month period. - New Sales in Q2 Exceed Projections For the sixth consecutive quarter, Bridges' new site sales have exceeded projections - 306 new sales were completed in Q2, significantly exceeding projections of 250. That represents $356,000 in sales from new subscriptions. - BIT Shares Trade at Record Levels in May Over 430,000 Bridges shares traded in May, pushing share value up from an April close of $0.40 to a high of $0.64 on May 20. The increased volume follows a Buy Low, Sell High! Small Cap Canadian Stocks Review recommendation. Emerging Events and Opportunities - Bridges' 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. Doug Manning has been selected as an advisor for CANLEARN and Options+. Both resources are being developed by the Canadian Career Consortium for Human Resources Development Canada “HRDC” redirects here. For other uses, see HRDC (disambiguation). The Department of Human Resources Development, also referred to as Human Resources Development Canada (HRDC), is a former department of the Government of Canada. . Mr. Manning also been elected as a Director of the British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography WorkInfoNet Board. - Bridges has streamlined its rebilling policy, and will now invoice An itemized statement or written account of goods sent to a purchaser or consignee by a vendor that indicates the quantity and price of each piece of merchandise shipped. A consular invoice is one used in foreign trade. resubscribing schools on January 1 or August 1 of each fiscal year. As a result of the adjustment, more than 600 sites will be rebilled in the third quarter of 1998. - Bridges has contracted Greenaway Thomson, a communications firm, to examine the viability of generating sponsorship revenue from regional versions of CX-98. In addition a consultant in Vancouver, Washington
Vancouver, Washington is a city on the north bank of the Columbia River, in the state of Washington, USA. It is the county seat of Clark County. , is examining the possibility of sponsorship for a Washington state regional version of CX. -0- ------------------------------------------- Sites Accessing as of May 1998 1,756 Total Pages Viewed In May 1998 993,221 Total Pages Viewed In May 1997 285,619 ------------------------------------------ -0- The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. CONTACT: The Bridges Initiatives Inc. Norm Thompson Norman Jack Thompson (born March 5, 1945) is a National Football League cornerback who played with the St. Louis Cardinals and the Baltimore Colts. He became in 1977 the first free agent in NFL history to sign with another team, when he went to the Colts from the Cardinals. , 250/862-8722 250/862-8771 (FAX) info@bridges.com |
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