Stockgroup to Announce Record Fourth Quarter Revenue and Year End Results
By BusinessWire Last Update: 1/30/2006 9:00:26 AM Data provided by
NEW YORK, Jan 30, 2006 (BUSINESS WIRE) -- Stockgroup Information Systems Inc. (SWEB)(TSX VENTURE:SWB) today announced that it expects to release its fourth quarter and year end 2005 results on Monday, March 20, 2006 at 9:30 AM EST.
Stockgroup expects to achieve fourth quarter revenue between US$1.75 million and US$1.80 million, an increase of approximately 31% over Q3 2005. The increase in revenue over Q3 2005 largely came from the Advertising business segment.
In addition, Stockgroup expects to maintain gross margins of 78% in Q4, with estimated net income for the quarter between US$50,000 and US$80,000. Under the Company's share buy back program, Stockgroup has purchased an additional 313,000 shares in the fourth quarter bringing the total to 690,050 shares for US$260,500, year to date.
"We are very pleased with the expected results for Q4 2005," stated Marcus New, CEO and President of Stockgroup. "We have achieved the Company's largest quarterly revenue in history and are benefiting from our leading StockHouse brand and the large shift in advertising revenues to online brands. Q4 2005 will be our twelfth quarter of increased revenue."
A conference call and webcast will be held on Monday, March 20 at 4:05 PM EST to discuss the fourth quarter and year end results.
About Stockgroup Information Systems Inc.
As an online media company, Stockgroup Information Systems provides a complete financial data source for investors, investment advisory firms, press and media organizations as well as access to specific demographics for advertisers. Stockgroup owns and operates the StockHouse media properties, www.stockhouse.ca and www.stockhouse.com.
To find out more about Stockgroup (SWEB) (SWB), visit our website at www.stockgroup.com.
This release contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward looking statements". Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as "expects", "will", "anticipates", "estimates", "believes", or statements indicating certain actions "may", "could", or "might" occur.
The TSX has neither approved nor disapproved this press release.
Stockgroup Information Systems Inc. (SWB) (OTC Bulletin Board:SWEB)
SOURCE: Stockgroup Information Systems Inc.
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