SBJX...A company that doesn't dilute..
Artificial Intelligence Dialogue Creator, Subjex Corporation -- Completes Funding
Tuesday July 13, 8:25 pm ET
MINNETONKA, MN--(MARKET WIRE)--Jul 13, 2004 -- Subjex Corporation (OTC BB:SBJX.OB - News) announced today that it now has enough cash on hand to bring the company profitable with positive cash-flow from operations. With less than 40 million shares out-standing and 50 million shares authorized, Subjex Corporation has now finished its need for fund raising, based upon its current revenue growth.
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The company announced last month that it would be generating more cash than it spends from operations by November of this year. To that end the company is now seeing acceptance and third-party endorsement of its platform from Web Hosting partners in exchange for promoting and endorsing its flagship product SubjexCSR to their own client base.
"We have spent very little on marketing so far, and yet are growing very fast. Now that we have a marketing budget I expect our growth to be even faster," commented Andrew Hyder, Subjex Corporation, CEO. "Not only is our current revenue growing by about 50% per quarter, we are seeing higher retention rates of businesses who try our software."
Hyder went on to say, "We have conducted many marketing tests in the last year. In marketing terms, we now know what works and what doesn't. It's much like a formula for us; we know exactly what return we will get from the efforts and money we spend. Now it's time to turn on the engine."
Based in Minneapolis, Minnesota, USA, Subjex Corporation has become the standard in artificial intelligence dialogue customer service platforms. Their flagship product, SubjexCSR, facilitates meaningful text-based humanlike conversations with thousands of web site visitors simultaneously, thereby reducing customer service costs and increasing sales -- with little or no human intervention. For more information and to try the technology visit the web site at www.subjex.com.
This news release contains "forward-looking statements" within the meaning of Section 27a of the Securities Acts of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct.
Contact:
For more information contact:
Subjex Corporation
Andrew D. Hyder
C.E.O.
866-777-0052
952-931-0501
info@subjex.com
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