Careerengine Network, Inc. Reports Second Quarter Results; E-recruiting Revenues Continue to Accelerate.Business Editors, High-Tech Writers NEW YORK--(BUSINESS WIRE)--Aug. 15, 2000 CareerEngine Network, Inc. (AMEX/PCX:CNE (Certified NetWare Engineer) See Novell certification. ), a leading category-specific Internet recruiting This article or section may contain original research or unverified claims. Please help Wikipedia by adding references. See the for details. This article has been tagged since September 2007. network and career site ASP, today announced results for the three and six months ended June 30, 2000. E-recruiting revenues recorded in the second quarter increased 88% to $336,000 from $179,000 recorded in the first quarter of 2000. Accordingly, for the six-month period ended June 30, 2000 the Company's e-recruiting revenues totaled $515,000. The Company had no e-recruiting revenues during the comparable period last year. Net Loss for the second quarter was $1,566,000 or $0.29 per share (basic and diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. ), compared to $199,000 or $.04 per share (basic and diluted) for the comparable quarter a year ago. Net Loss for the six-month period ended June 30, 2000 was $2,292,000 or $0.42 per share (basic and diluted), compared to $848,000 or $.16 per share (basic and diluted) for the comparable six-month period a year ago. Revenue growth for the three and six month periods ended June 30, 2000 was driven by the Company's continual emergence from the development phase of its E-recruiting operations, as well as the effect of the commencement, in late November 1999, of the rental stream from the Company's interest in its real estate venture. "We are very pleased with the results achieved during the first six months of this year relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc our E-recruiting business," said George Benoit, Chairman and Chief Executive Officer of CareerEngine. "We are making the appropriate sales in our areas of focus -- CareerEngine Solutions and our Network of career-specific sites." About CareerEngine, Inc. CareerEngine, Inc. (http://www.CareerEngine.com) operates an Application Service Provider division, CareerEngine Solutions, which builds, hosts and maintains customized career centers for client websites. Utilizing CareerEngine's leadership in e-recruiting, CareerEngine Solutions enables both online and off-line companies to add unique, value-driven services to their websites and affords them an immediate presence in the fast-growing and profitable online recruiting space. Major partners include SmartMoney.com, a joint venture of the Hearst Corporation The Hearst Corporation is a privately-held American-based media conglomerate based in the Hearst Tower in New York City, USA. Founded by William Randolph Hearst as an owner of newspapers, the company's holdings now include a wide variety of media. and Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance & Company. CareerEngine also operates the leading network of vertical career sites, including its flagship sites: ITClassifieds.com, SalesClassifieds.com and AccountingClassifieds.com. CareerEngine's category-specific sites serve as "career portals," offering professional development tools, online career counseling Noun 1. career counseling - counseling on career opportunities counseling, counselling, guidance, counsel, direction - something that provides direction or advice as to a decision or course of action and continuing education continuing education: see adult education. continuing education or adult education Any form of learning provided for adults. In the U.S. the University of Wisconsin was the first academic institution to offer such programs (1904). courses. CareerEngine recruiters help prospective candidates define, locate and secure career opportunities and/or consulting assignments. Headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , CareerEngine offers e-recruiting services to Fortune 1000 companies and has distribution partnerships with leading recruiting firms, which sell the services of CareerEngine's sites. CareerEngine, Inc. is a subsidiary of CareerEngine Network, Inc. (http://www.CareerEngine.net) Certain statements in this press release 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. " relating to CareerEngine Network, Inc. and its subsidiaries (the "Company") within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. All statements regarding future events, our financial performance and operating results, our business strategy and our financing plans are forward-looking statements. In some cases you can identify forward-looking statements by terminology, such as "may," "will," "would," "should," "could," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms or other comparable terminology. These statements are only predictions. Known and unknown risks, uncertainties and other factors could cause actual results to differ materially from those contemplated by the statements. In evaluating these statements, you should specifically consider various factors that may cause our actual results to differ materially from any forward-looking statements. |
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