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Tuesday, 04/11/2006 7:03:18 AM

Tuesday, April 11, 2006 7:03:18 AM

Post# of 353148
ActiveCore Technologies, Inc. ATVE, a Company
that operates a group of subsidiaries and divisions in the US and
Canada that offer a Smart Enterprise Suite of products, is pleased to
announce financial results for the year ended December 31, 2005. The
Company expects to file its Annual Report on Form 10-KSB on April 12,
2006.

Record Revenues

For the year ended December 31, 2005, the Company reported record
revenues of $7.4 million, which represent an increase of 104% compared
to revenues of $3.6 million (1) reported during 2004. For the
Company's fourth quarter ended December 31, 2005, the Company reported
revenue of $2.75 million, which was consistent with previously issued
guidance.
Additionally, the Company reported a net loss in accordance with
U.S. Generally Accepted Accounting Principals of $116,564 during its
fourth quarter. These results are consistent with the Company's
previously issued fourth quarter guidance, which indicated that the
Company has expected to report a net loss of between $0 and $200,000.
On an adjusted basis (2), the Company reported adjusted net income
of $346,025 for its fourth quarter ended December 31, 2005. This
amount was also consistent with the Company's previously issued
guidance of $200,000 - $400,000, which it issued at the end of its
third quarter of 2005.
AcitveCore Chairman & CEO, Peter Hamilton stated, "Our record
revenue performance in 2005, coupled with our continued improvement
from a profitability perspective in the fourth quarter was a result of
our aggressive growth strategy. We grew the Company both organically
and through strategic acquisitions to provide us with a robust
revenue-generating base. It is our intention to continue aggressively
growing the Company in the months and years to come."
"This represents 2 successive quarters where we have been in line
with our guidance. Our new CFO Efrem Ainsley has demonstrated that he
has excellent visibility of all aspects of the business and the
ability to consistently and accurately provide guidance for ActiveCore
shareholders" said Peter Hamilton.

Outlook for 2006

The Company also announced that it expects its revenues for 2006
to be in the range of $12 - $14 million. From a profitability
perspective, the Company expects to report adjusted net income for
2006 in the range of $750,000 - $1,250,000, These numbers do not
include the impact of any acquisitions which get completed during
2006. As has been previously disclosed, ActiveCore continues to work
with Pathpoint Capital Partners to complete the Company's next
acquisition. Any acquisition would be accretive to the Company's 2006
outlook.

2006 Acquisition

The Company has identified several suitable targets and is
currently working with Pathpoint Capital Partners to acquire one of
these targets. It is the Company's current strategy to complete an
acquisition that would be material relative to its current size. Any
acquisition is expected to be within the Company's Messaging Division.
The Company would like to expand its offerings to become a major
player in the North American "Unified Messaging" market place. This
market sector is currently occupied by companies such as J2 Global
(NASDAQ:JCOM).
Peter Hamilton stated, "ActiveCore has clearly demonstrated much
improved financial performance in its third and fourth quarters of
2005. We anticipate carrying that trend forward into 2006. We have
come a long way towards building our infrastructure, assembling a
winning management team and putting together a great group of
operating units. We are now poised to take full advantage of the
opportunities being presented to us in 2006."
This press release is available on the company's official online
investor relations site for investor commentary, feedback and
questions. Investors are asked to visit ActiveCore IR Hub located at
http://www.Agoracom.com/IR/ActiveCore Alternatively, investors can
e-mail AGORA Investor Relations directly at ATVE@Agoracom.com.

About ActiveCore Technologies, Inc. (www.ActiveCore.com)

ActiveCore Technologies, Inc., operates a group of subsidiaries
and divisions in the U.S. 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 and TwinCentric. The Corporate Disclosure and
Messaging Division of ActiveCore operates under the trade names C Comm
Network Corporation, DisclosurePlus and ActiveCast. ActiveCore
services clients in health care, financial services, government and
manufacturing worldwide.

(1) All amounts disclosed in this press release are in US dollars
unless otherwise noted.

(2) Use of Non-GAAP financial measures

In addition to reporting financial results in accordance with
United States generally accepted accounting principals ("GAAP"), the
Company provides certain non-GAAP financial measures which are not in
accordance with GAAP. The Company's definition of these non-GAAP
financial measures does not have a standardized meaning prescribed by
GAAP and may be different from similar non-GAAP financial measures
used by other companies and may differ from period to period. The
Company uses the financial measure adjusted net income (or loss, as
applicable) to supplement the information provided in its consolidated
financial statements, which are presented in accordance with GAAP. The
presentation of adjusted net income is not meant to substitute for net
income presented in accordance with GAAP, but rather should be
evaluated in conjunction with such GAAP measure. Adjusted net income
is calculated as net income, excluding the amortization of intangibles
assets, depreciation, other income (expense), and stock-based
compensation. The Company's management believes that the presentation
of adjusted net income provides useful information to investors
because it excludes certain charges which management excludes in its
period-to-period evaluation of its operating results.
The following chart provides a reconciliation (unaudited) of GAAP
based financial measures to non-GAAP based financial measures referred
to in this press release using the mid-point of the guidance ranges
provided herein:
Reconciliation (unaudited) of GAAP based net income to adjusted
net income for the three month period ended December 31, 2005:
-0-
*T
GAAP based "net loss" ($116,564)
----------------------------------------------------------------------
Depreciation and amortization of intangible assets 236,816
----------------------------------------------------------------------
Other (income) expense 102,461
----------------------------------------------------------------------
Stock-based compensation 123,312
----------------------------------------------------------------------
Non-GAAP Based "adjusted net income" $346,025
----------------------------------------------------------------------
*T

Reconciliation (unaudited) of GAAP based net income to adjusted
net income for the year ending December 31, 2006:
-0-
*T
GAAP based "net loss" ($1,200,000)
----------------------------------------------------------------------
Depreciation and amortization of intangible assets 800,000
----------------------------------------------------------------------
Other income (expense) 300,000
----------------------------------------------------------------------
Stock-based compensation 1,100,000
----------------------------------------------------------------------
Non-GAAP Based "adjusted net income" $1,000,000
----------------------------------------------------------------------
*T

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.



KEYWORD: NORTH AMERICA CANADA
INDUSTRY KEYWORD: TECHNOLOGY NETWORKS SOFTWARE TELECOMMUNICATIONS EARNINGS MERGER/ACQUISITION
SOURCE: ActiveCore Technologies, Inc.


CONTACT INFORMATION:
ActiveCore Technologies, Inc.
George Theodore, 416-252-6200 ext. 303
or
AGORA Investor Relations
email: ATVE@agoracom.com
IR Hub: http://www.Agoracom.com/IR/ActiveCore


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