Topic: ATVE: ActiveCore Division Poised for Record Quarter
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ActiveCore Division Poised for Record Quarter Monday September 19, 9:00 am ET ActiveCast Enters into Strategic Partnership Agreement
TORONTO, Sept. 19, 2005 (PRIMEZONE) -- ActiveCore Technologies, Inc. (OTC BB:ATVE.OB - News) announced today that ActiveCast (http://www.activecore.com/activecast), part of its Corporate Disclosure and Messaging (CDM) division, has signed a strategic partnership agreement to provide dedicated communications services to Integrated Media Cooperative (IMC).
IMC is a buying cooperative of magazine publishing companies which include: Allured Publishing Corporation; Douglas Publishing; Dowden Heath Media div. Lebhar-Freidman Inc.; Edgell Communications; Farm Journal Media; Meister Media Worldwide; NTP Media, Inc.; Northstar Travel Media, LLC; Putman Media; and Stamats Communications Inc. These member companies publish more than 80 magazines with a circulation of over 4 million copies and over $250 million in annual revenues.
``We are delighted to add Active Core Technologies as a preferred partner,'' Bill Walker, CEO of IMC, said. ``Our agreement with ActiveCore Technologies will allow us to provide our members with secure, efficient, and cost-effective methods of mass communicating.''
George Theodore, president of ActiveCore's CDM Division, said, ``ActiveCore Technologies is committed to helping IMC achieve its organizational objectives. Innovation is central to our strategy, and we are constantly expanding and enhancing our technology offerings for use in the corporate messaging industry.''
This agreement comes with two weeks remaining in what has already been established as a record quarter for the ActiveCast division in terms of landing new customer accounts. To date this quarter, ActiveCast has billed work for a total of 306 new customers. This represents a 49% increase over last quarter and a 226% increase over the same quarter a year ago. Also of note is the fact that 86% of all customers for whom the company billed work for last quarter have continued to do billable work thus far in the current quarter.
Mr. Theodore added, ``ActiveCast's ability to land a record number of new customers this quarter, particularly in light of the fact that the September quarter is our seasonally weakest period, is an encouraging sign. This, combined with the fact that we have successfully retained work from our core customer base, is a strong indication that this division is headed in the right direction. Our group is very excited about our ability to demonstrate that we can deliver growth to ActiveCore's overall offering.''
ActiveCore CEO, Peter Hamilton, added, ``All of ActiveCore's business units are now performing as expected. As we continue to roll out our business plan, we anticipate more contracts like the IMC partnership agreement during the balance of 2005 and into 2006.''
About ActiveCore Technologies, Inc. (http://www.ActiveCore.com)
ActiveCore Technologies, Inc. operates a group of subsidiaries and divisions in the U.S., U.K., and Canada that offer a Smart Enterprise Suite of products and services. We integrate, enable, and extend functions performed by current and legacy IT systems. Our products encompass Web portals, enterprise middleware, mobile data access, data management, and system migration applications. The Systems Integration & Modernization Division of ActiveCore operates under the trade names of CRATOS, MDI Solutions. The Corporate Disclosure and Messaging Division of ActiveCore operates under the trade names C Comm Network Corporation, DisclosurePlus, and ActiveCast. ActiveCore services clients in healthcare, financial services, government, and manufacturing worldwide.
Statements contained in this news release regarding ActiveCore Technologies, Inc. (formerly IVP Technology) and planned events are forward-looking statements, subject to uncertainties and risks, many of which are beyond ActiveCore's control, including, but not limited to, reliance on key markets, suppliers and products, currency fluctuations, dependence on key personnel and trade restrictions, each of which may be impacted, among other things, by economic, competitive, or regulatory conditions. These and other applicable risks are summarized under the caption ``Risk Factors'' in ActiveCore's Registration Statement on Form SB-2 filed with the Securities and Exchange Commission on January 4, 2005. Forward-looking statements by their nature involve substantial risks and uncertainties. As a result, actual results may differ materially depending on many factors, including those described above.
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