CGI Holding Corporation Reports 32% Increase in Revenues and Positive Net Income from Continuing Operations During First Quarter.Business Editors HILLSIDE, Ill.--(BUSINESS WIRE)--May 14, 2003 CGI CGI in full Common Gateway Interface. Specification by which a Web server passes data between itself and an application program. Typically, a Web user will make a request of the Web server, which in turn passes the request to a CGI application program. Holding Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CGIH)(the "Company") today announced that its revenues from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the for the first quarter of 2003 were $1,185,361, an increase of 32% over the prior year period. Net income for the first quarter of 2003 was $586, or $0.00 per share, compared to a net loss from continuing operations during the prior year period. Gerard M. Jacobs, the Company's 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. stated, "We are pleased with our progress this quarter. Our WebSourced subsidiary continues to grow its business steadily, and has remained profitable while increasing its sales and customer service staff significantly." CGI Holding Corporation, based in Hillside, Illinois Hillside is a village in Cook County, Illinois, United States. The population was 8,155 at the 2000 census. One notable landmark in Hillside is the Mount Carmel Cemetery. On the grounds of the cemetery are the graves of a number of organized crime figures, such as Al Capone. , currently has one subsidiary, Websourced, Inc., Morrisville, North Carolina Morrisville is a town in Wake County, North Carolina, USA. The population was 5,208 at the 2000 census. A Special Census was conducted by the United States Census Bureau in March 2004, when the population was enumerated at 11,915. , a leader in search engine marketing (see www.keywordranking.com), and has announced a planned merger with The Voice and Data Group, Inc., Chicago, a company which markets voice, data and internet services. Statements made in this press release that express the Company's or management's intentions, plans, beliefs, expectations or predictions of future events, are 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. . The words "believe", "expect", "intend", "estimate", "anticipate", "will" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. Other factors that could cause the Company's actual activities, results or performance to differ materially include risks and uncertainties relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc : historical losses; balance sheet weaknesses; payment obligations; capital needs; acquisitions financing, terms and conditions; integration of acquired businesses; managing growth; availability of skilled labor; dependence upon and need to compensate key personnel; weak general economic and business conditions; competition; lack of brand awareness; client expectations; dependence upon the internet as a means for commerce; governmental regulation or taxation; issues relating to pending merger; inability to protect intellectual property; illiquidity of the Company's stock; insider control; no dividends; and other factors and risks discussed in the Company' s filings with the Securities and Exchange Commission. The Company cannot guarantee future results, levels of activity, performance or achievements and investors should not place undue reliance on the Company's forward-looking statements. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company's expectations with regard thereto there·to adv. 1. To that, this, or it. 2. Archaic In addition to that; furthermore. thereto Adverb Formal 1. to that or it 2. or any change in events, conditions or circumstances on which any such statements are based. "Source: Trianglepr.com - Promoting your company to the press" |
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