Internet Search Firm InterSearch Group Reports Unaudited 2004 Revenues, Operating Income.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Calif. -- InterSearch Group, Inc. (Pink Sheets:ISGP ISGP Interactive Sequential Goal Programming ), which owns and operates several Pay Per Click (PPC See Pocket PC, PowerPC and pay-per-click. PPC - PowerPC ) Internet search engines and provides Fortune 500 companies professional consulting and search-related services, today reported unaudited pro-forma consolidated financial results for the 12 months ending Dec. 31, 2004. For the full year, unaudited pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma 2004 revenues were $14.3 million, and operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. was $1.5 million. The unaudited pro forma 2004 results are provided as if the Oct. 27, 2004 purchase acquisition of Corporate Consulting Services (CCS (1) (Common Channel Signaling) A communications system in which one channel is used for signaling and different channels are used for voice/data transmission. Signaling System 7 (SS7) is a CCS system, also known as CCS7. See SS7. ) and the Dec. 10, 2004 purchase acquisition of Walnut Ventures, and all related transactions, had occurred on January 1, 2004.
InterSearch Group, Inc.
Proforma consolidated income statement
(Unaudited, in thousands of dollars)
12 months
ending
12/31/2004(a)
Revenue $14,317
COGS 8,618
Gross Profit 5,699
Expenses 4,194
Operating Income $1,504
(a) Proforma consolidated 2004 results are provided as if the Oct. 27,
2004 purchase acquisition of Corporate Consulting Services (CCS)
and the Dec. 10, 2004 purchase acquisition of Walnut Ventures, and
all related transactions, had occurred on January 1, 2004.
Audited results for full year 2004 are expected to be available by mid-April, said Chief Executive Officer Dan O'Donnell. Audited results will reflect InterSearch holding company operations, partial year CCS financial results from Dec. 10, 2004, through Dec. 31, 2004, and other factors related to the acquisitions and the accounting treatment of the transactions. More information about InterSearch Group, Inc. can be obtained at its website: www.InterSearch.com or by contacting the company at 415-901-0410. InterSearch Group's stock is listed on the National Quotation Bureau National Quotation Bureau A service that publishes bid and offer quotes from market makers in OTC transactions. National Quotation Bureau under the symbol ISGP. Except for historical information, matters discussed above 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. within the meaning of safe-harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from projected results. Those factors include, but are not limited to, economic, competitive, governmental and technological factors affecting the Company's operations, markets, services and related products, prices or other areas. The Company undertakes no obligation to publicly release the results of any revisions to forward-looking statements. |
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