AI
Thursday, April 22, 2004 10:42:42 PM
VIGSF - VISION Global Solutions Inc. (ON)
Com ($0.0001)
Address:
455 Notre Dame St. East
Montreal
PQ H2Y 1C9
Canada
Phone: 514-848-1166
Company Website: http://www.visionca.com
Officers:
Jean-Paul Ouellette, CEO
Outstand shares shares as of 2-24-04, 32,804,029
From the last Q:
RESULTS OF OPERATIONS
Three months ended December 31, 2003 vs. Three months ended December 31, 2002
Due to additional sales with two new clients we had an increase in revenues of 22% from $345,487 for the three month period ending December 31, 2002 to $419,954 for the three month period ending December 31, 2003.
We had increased cost of sales of 23% from $112,292 for three month period ended December 31, 2002 to $139,123 for three month period ended December 31, 2003 is due to the increase in sales.
Our selling costs increased 25% from $59,652 for three month period ended December 31, 2002 to $74,727 for three month period ended December 31, 2003 due primarily to an increase in promotional activities during this period. The promotional activities included telemarketing and direct on site presentations at prospects’ sites requiring more travel and lodging expenses.
Our administrative costs decreased 21% from $178,857 for three month period ended December 31, 2002 to $139,650 for three month period ended December 31, 2003 due to a decrease in salaries and professional fees.
Our financial costs, consisting of long term debt and credit line interest expenses decreased 30% from $4,595 for three month period ended December 31, 2002 to $3,211 for three month period ended December 31, 2003 due to primarily to the paying off of the credit line and a decrease on long term debt.
Our depreciation decreased from $9,093 for three month period ended December 31, 2002 to $2,682 for three month period ended December 31 2003 due to fixed assets that are fully depreciated and to a low purchase activities on fixed assets.
Our net loss of ($19,002) for three month period ended December 31, 2002 compared to a net profit of $60,561 for three month period ended December 31, 2003 primarily related to the increase in sales of both software and services.
Nine months ended December 31, 2003 vs. Nine months ended December 31, 2002
Due to additional sales with two new clients, we had an increase in revenues of 22% from $968,551 for the nine month period ending December 31, 2002 to $1,187,047 for the nine month period ending December 31, 2003.
We had increased cost of sales of 30% from $318,426 for nine month period ended December 31, 2002 to $458,788 for nine month period ended December 31, 2003. This increase is due to the increase in sales.
Our selling costs decreased 2% from $242,613 for nine month period ended December 31, 2002 to $199,516 for nine month period ended December 31, 2003.
Last word from the new PR company.
http://www.investorshub.com/boards/read_msg.asp?message_id=2850514
One Year Chart!
Com ($0.0001)
Address:
455 Notre Dame St. East
Montreal
PQ H2Y 1C9
Canada
Phone: 514-848-1166
Company Website: http://www.visionca.com
Officers:
Jean-Paul Ouellette, CEO
Outstand shares shares as of 2-24-04, 32,804,029
From the last Q:
RESULTS OF OPERATIONS
Three months ended December 31, 2003 vs. Three months ended December 31, 2002
Due to additional sales with two new clients we had an increase in revenues of 22% from $345,487 for the three month period ending December 31, 2002 to $419,954 for the three month period ending December 31, 2003.
We had increased cost of sales of 23% from $112,292 for three month period ended December 31, 2002 to $139,123 for three month period ended December 31, 2003 is due to the increase in sales.
Our selling costs increased 25% from $59,652 for three month period ended December 31, 2002 to $74,727 for three month period ended December 31, 2003 due primarily to an increase in promotional activities during this period. The promotional activities included telemarketing and direct on site presentations at prospects’ sites requiring more travel and lodging expenses.
Our administrative costs decreased 21% from $178,857 for three month period ended December 31, 2002 to $139,650 for three month period ended December 31, 2003 due to a decrease in salaries and professional fees.
Our financial costs, consisting of long term debt and credit line interest expenses decreased 30% from $4,595 for three month period ended December 31, 2002 to $3,211 for three month period ended December 31, 2003 due to primarily to the paying off of the credit line and a decrease on long term debt.
Our depreciation decreased from $9,093 for three month period ended December 31, 2002 to $2,682 for three month period ended December 31 2003 due to fixed assets that are fully depreciated and to a low purchase activities on fixed assets.
Our net loss of ($19,002) for three month period ended December 31, 2002 compared to a net profit of $60,561 for three month period ended December 31, 2003 primarily related to the increase in sales of both software and services.
Nine months ended December 31, 2003 vs. Nine months ended December 31, 2002
Due to additional sales with two new clients, we had an increase in revenues of 22% from $968,551 for the nine month period ending December 31, 2002 to $1,187,047 for the nine month period ending December 31, 2003.
We had increased cost of sales of 30% from $318,426 for nine month period ended December 31, 2002 to $458,788 for nine month period ended December 31, 2003. This increase is due to the increase in sales.
Our selling costs decreased 2% from $242,613 for nine month period ended December 31, 2002 to $199,516 for nine month period ended December 31, 2003.
Last word from the new PR company.
http://www.investorshub.com/boards/read_msg.asp?message_id=2850514
One Year Chart!
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