Communicate.com Achieves Record Growth in 2004: Revenues Rise More Than 180%
Wednesday February 2, 9:00 am ET
VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 2, 2005--Communicate.com Inc. (OTCBB:CMNN - News), a rapidly growing eCommerce company, today announced preliminary results for the fourth quarter and fiscal year ended December 31, 2004. All figures are in U.S. dollars.
Revenues in the fourth quarter increased by more than 140 percent, surpassing $1.4 million, compared to revenues of $0.58 million in the fourth quarter of 2003. Initial unaudited numbers also show that the fourth quarter 2004 should be Communicate.com's eighth-consecutive profitable quarter.
Communicate.com's revenues for the fiscal year ended December 31, 2004 increased more than 180 percent to approximately $3.5 million, compared to revenues of $1.2 million for fiscal 2003.
"We had robust growth at our online retail stores during the 2004 holiday season, which is a result of our improved marketing efforts, the rising popularity of our online brands and the continuing surge in online commerce," commented David Jeffs, President of Communicate.com. "Our advertising revenues in the fourth quarter of 2004 increased approximately 300 percent compared to the fourth quarter of 2003, which is another indication of the escalating role of the internet, and Communicate.com, in marketing to consumers."
Communicate.com's 2004 Annual Report on Form 10-KSB will be filed with the U.S. Securities and Exchange Commission in March 2005.
About Communicate.com
Communicate.com is a profitable, debt-free emerging growth eCommerce company that owns, develops and operates some of the internet's most recognizable brands, including Perfume.com, Karate.com and Importers.com. Communicate.com generates revenues through the sale of consumer goods, advertising and travel products at its network sites. The Company's websites intuitively attract approximately one million targeted visitors and potential clients per month with no marketing costs, giving Communicate.com a competitive advantage in customer acquisition and price. Communicate.com is headquartered in Vancouver, BC, and is publicly traded on the NASD OTCBB under the symbol CMNN. For more information, visit www.communicate.com.
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