Communicate.com Reports Record Revenues and Profit for Fiscal 2003.Business Editors/High-Tech Writers VANCOUVER, British Columbia--(BUSINESS WIRE)--March 30, 2004 Communicate.com Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CMNN) today announced results for the fiscal year ended December 31, 2003. All figures are in US dollars. Financial Highlights: -- Record twelve month revenues of $1,230,835, versus $625,679 for 2002 - an increase of 96 percent -- Record twelve month net income of $249,793, or $0.02 per share, versus a loss of ($1,278,600), or ($0.09) per share for 2002 -- Record twelve month product sales of $481,907, versus $43,991 for 2002 -- Cash and cash equivalents of $393,039 at year end 2003, versus $55,527 at year end 2002 Corporate Highlights: -- Launched Perfume perfume, aroma produced by the essential oils of plants and by synthetic aromatics. The burning of incense that accompanied the religious rites of ancient China, Palestine, and Egypt led gradually to the personal use of perfume. .com and Cologne Cologne (kəlōn`), Ger. Köln, city (1994 pop. 962,500), North Rhine–Westphalia, W Germany, on the Rhine River. It is a commercial, financial, and industrial center, a rail and road junction, and a river port. .com, the first B2C (Business to Consumer) Refers to a business communicating with or selling to an individual rather than a company. See B2B. eCommerce sites developed by in-house In-house In the context of general equities, keeping an activity within the firm. For example, rather than go to the marketplace and sell a security for a client to anyone, an attempt is made to find a buyer to complete the transaction with the firm. staff - both sites had consecutive monthly sales increases -- Launched Vietnam.com and Malaysia.com online travel sites, specializing in comprehensive travel to Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. -- Membership at Importers.com, the company's subscription-based B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business trade portal, increased by more than 6,000 -- Sold four URLs for $1 million to single buyer - retained a five percent lifetime royalty from sites and received two non-refundable $200,000 payments -- Reduced long-term loan by $75,000 Communicate.com's President David Jeffs commented, "In 2003, we hit our target of four consecutive profitable quarters. We also achieved our goal of launching several B2C sites, such as Perfume.com and Cologne.com, which have generated increasing revenues from product sales. The continued growth rate of online commerce confirms that Communicate.com is in the right industry at the right time. In 2004, we will step up the development and marketing of our core URLs in the consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and and travel spaces, and increase revenue from our active B2C and B2B sites. These factors should allow us to achieve a steady level of growth in fiscal 2004."
Selected Income Statement Data (Audited):
Fiscal Year Ended
December 31
2003 2002
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Revenues $ 1,230,835 $ 625,679
Gross Profit 712,108 504,102
Operating Expenses (501,947) (411,910)
Operating Income 210,161 92,192
Net Income/(Loss) 249,793 (1,278,600)
Earnings/(Loss) per Share $ 0.02 ($ 0.09)
Weighted No. of Shares Outstanding 14.7M 14.4M
Selected Balance Sheet Data:
As of December 31
2003 2002
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Cash and Cash Equivalents $ 393,039 $ 55,527
Working Capital (164,849) (654,774)
Communicate.com's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for fiscal 2003, as filed with the Securities and Exchange Commission, can be accessed at Nasdaq.com via http://www.communicate.com/investor.php. About Communicate.com: Communicate.com is a profitable growth eCommerce company whose brands include Perfume.com, Importers.com and Malaysia.com. The company's 25+ intuitive internet brands attract approximately one million unique visitors A count of how many different people access a Web site. For example, if a user leaves and comes back to the site five times during the measurement period, that person is counted as one unique visitor, but would count as five "user sessions. and potential clients each month without the usual marketing expenditures. For more information about Communicate.com, please visit www.communicate.com. This news release contains "forward-looking" statements, as such term is defined in 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. Because such statements include risks and uncertainties, actual results may differ from those expressed or implied herein. |
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