Communicate.com Announces Record Revenues for 2006; Expects Fourth Straight Year of Profitability
24 February 2007
Communicate.com Inc. (OTCBB: CMNN), a rapidly growing eCommerce company, announces preliminary results for the fiscal year ended December 31, 2006. All dollar amounts are expressed in USD.
Unaudited financial results show that Communicate.com had record revenues in 2006 of approximately $8.4 million, an increase of 45% compared to 2005 revenues.
Preliminary figures also indicate that 2006 will be Communicate.com's fourth consecutive year of profitability.
David Jeffs, President of Communicate.com, stated, "2006 was Communicate's fourth straight year of rapid revenue growth, and its first year as an eTail-driven company. We closed 2006 with by far the largest customer base as well as the most cash and short term investments in company history, and we intend to exploit these assets - along with all of the vital lessons that we have learned over the past few years - to propel steady growth in fiscal 2007."
Actual audited results may differ from these preliminary numbers. Readers are advised that they should rely on Communicate.com Inc.'s filings with the U.S. Securities and Exchange Commission, including its 2006 Annual Report on Form 10-KSB, which is expected be filed with the SEC by March 31, 2007.
About Communicate.com Inc.
Communicate.com (www.cmnn.com) "Targeted eCommerce Brands" is a rapidly growing, debt-free Internet company with a core focus on eTail. Communicate.com owns some of the Internet's most instantly credible and easily remembered brands, including www.perfume.com, www.brazil.com and www.importers.com, to name just a few. The company's portfolio of intuitively branded B2C and B2B websites naturally attracts a high volume of targeted traffic and potential clients per month, providing it with a crucial competitive advantage in customer acquisition and price. Communicate.com was ranked as Canada's 18th fastest-growing company in 2006 by PROFIT magazine.
Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Although Communicate.com Inc. believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include financial performance, regulatory changes, changes in economic conditions and other risks detailed from time to time in Communicate.com's filings with the U.S. Securities and Exchange Commission. The forward-looking statements included in this press release represent the company's views as of the date of this press release, and the company does not undertake any obligation to update any forward-looking statements.
Contacts: Communicate.com Inc. Adam Rabiner Communications Director (604) 648-0536 or 1-866-898-4354 Website: www.cmnn.com
SOURCE: Communicate.com Inc.
Source: marketwire
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