Communicate.com Announces Record Q2 Results
320% Increase in Revenues, 330% Increase in Net Profit over Q2
2003
Laptop Battery VANCOUVER, British Columbia--(BUSINESS WIRE)--Aug. 16,
2004--Communicate.com Inc. (OTCBB:CMNN) today announced results for
the second quarter and six months ended June 30, 2004. All figures
are in U.S. dollars.
Financial Highlights, Second
Quarter & Six Months 2004:
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Thinkpad -- Record quarterly revenues of $733,107 in the second quarter,
compared to $173,895 for the same period in 2003, an increase of
320 percent
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Microsoft -- Record second quarter net income of $120,908, compared to
$27,801 for the same period in 2003, an increase of 330 percent
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Laptop Computers -- Record second quarter gross profit of $327,486, compared to
$127,494 for the same period in 2003, an increase of 155
percent
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Laptop Computer -- Second quarter product sales of $373,651, compared to $55,692
for the same period in 2003, an increase of 570 percent
"Computer industry analysts estimate that some 60 percent of all corporate data exists only on desktop and laptop computers, " said Walter Scott, CEO of Acronis. "Incorporating Acronis True Image with New Mexico Software backup server is the ideal solution to capture that corporate data and ensure that it is not lost. While traditional server backups are effective for protecting server data, every company should have a combination of server and workstation backup plans."
Desktop Computer -- Record six month revenues of $1,229,216, compared to $255,052
for the same period in 2003, an increase of 380 percent
Notebooks -- Six month net income of $166,095, compared to $33,671 for the
same period in 2003, an increase of 390 percent
Lenovo -- Six month gross profit of $569,156, compared to $208,651 for
the same period in 2003, an increase of 170 percent
Hard Drive -- Six month product sales of $603,212, compared to $55,758 for
the same period in 2003, an increase of 980 percent
Travelstar -- Cash and cash equivalents of $504,978 as at June 30, 2004,
compared to $137,605 as at June 30, 2003
Gateway Corporate Highlights, Second Quarter 2004:
Laptop Parts -- Launched Karate.com online martial arts
superstore
Software -- Launched version 3.0 of Importers.com, the
company's rapidly growing global
B2B trade portal
Hard Drives -- Opened Malaysian FrequentTraveller.com sales office to book
Malaysia.com & Indonesia.com clients
Electronics -- Received the fourth $200,000 payment from Manhattan Assets,
Inc. towards the purchase of four URLs for $1 million
Canon Communicate.com's President, David Jeffs, commented: "We are
pleased with our results in the second quarter, which marks our
sixth consecutive profitable quarter. Third quarter revenues have
been strong thus far and should surpass our record second quarter
revenues. Our online fragrance sales continue to grow and our
travel subsidiary has seen a steady rise in bookings through our
operating country/travel websites. We are also very encouraged by a
recent report by Forrester Research which stated that U.S. online
retail sales are on a strong growth track and should hit $316
billion by 2010, with online travel to reap a projected $119
billion."
Desktop Pc Selected Income Statement Data (Unaudited):
Desktop Computers Three Months Ended Six Months Ended
June 30, June 30,
2004 2003 2004 2003
-------- -------- -------- --------
Revenues $733,107 $173,895 $1,229,216 $255,052
Gross Profit 327,486 127,494 569,156 208,651
Net Income 120,908 27,801 166,095 33,671
Earnings Per Share $0.01 $0.00 $0.01 $0.00
Weighted Average
Shares Outstanding 14,739,416 14,691,339 14,739,416 14,691,339
Think Pad
Selected Balance Sheet Data (Unaudited):
As of June 30,
2004 2003
-------- --------
Cash and Cash Equivalents $504,978 $137,605
Repair Communicate.com's quarterly report on Form 10-QSB, as filed with
the SEC, can be accessed at Nasdaq.com via
http://communicate.com/investor.php.
Data Recovery About Communicate.com:
Cisco Communicate.com is an emerging growth Internet company that
owns, develops and operates more than 25 intuitively branded
top-level eCommerce websites, including Perfume.com, Karate.com and
Importers.com. Communicate.com's brand categories include health
& beauty, travel, telecommunications, sports and consumer
electronics. The Company's network of B2C and B2B websites
intuitively attracts approximately one million visitors and
potential clients per month with no marketing
costs, giving Communicate.com a
competitive advantage in customer acquisition and price. For
more information, please visit www.communicate.com.
Keyboard This news release contains "forward-looking" statements, as such
term is defined in the Private Securities Litigation Reform Act of
1995. Because such statements include risks and uncertainties,
actual results may differ from those expressed or implied herein.
Further information on potential factors that could affect the
financial results of Communicate.com is included in the Company's
filings with the U.S. Securities and Exchange Commission.
Monitor Contacts
Desktop
Communicate.com Inc.
Adam Rabiner, 866-898-4354
investors@communicate.com
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