IC&C Will Report a Positive EBITDA of $25,083 for the Month of Dec. 2000
DENVER, Feb. 15 /PRNewswire/ -- Internet Commerce & Communications
(Nasdaq: ICCX), announced today that it would report a positive EBITDA of
$25,083.00 for the month of December 2000 and increased sales of 58% for the
year 2000 over 1999.
(Photo: http://www.newscom.com/cgi-bin/prnh/20001130/LATH033LOGO )
The company will file its 10K and announce earnings consistent with its
past reporting practice in late March 2001. The results reported today are
subject to final audit by Ernst & Young, the company's auditors.
IC&C announced earlier in 2000 that it had created a 5-point strategic
action plan to obtain EBITDA neutrality by December 2000.
The 5-point plan consisted of the following:
-- Grow Organic Revenue by adding new customers and selling more products.
-- Reduce Operating Expense by improving productivity.
-- Retain Customers by improving customer service.
-- Develop Market Driven Products through our Web Solutions Division.
-- Upgrade Network by improving network reliability and setting standard.
Douglas Hanson, Chairman & CEO of IC&C noted that "It is always gratifying
to meet our stated goals. Our employees have worked hard to meet our
objectives, and in some cases, have exceeded our own expectations." Hanson
added "We still have major challenges ahead, but we are extremely pleased to
have met this milestone inroute to profitability. We have also substantially
increased our investment in customer service and technical support, and have
finally completed our billing conversion to CSG."
As part of the plan to expand product lines, the company recently
announced a joint venture with IncTools; a Denver based Technology Company
that has developed a suite of products that will compete with Microsoft
Exchange and Lotus Notes at a fraction of the cost. The product which is
hosted by IC&C can be delivered to any desk-top giving a small and mid-size
business the same capability of larger companies that are required to purchase
and host the competitive product at their office on their server.
Hanson further commented "IncTools gives IC&C a product differentiation in
the market place and allows us to provide a more comprehensive product
offering to our customer base nationwide."
About IC&C
Denver-based Internet Commerce & Communications is a national e-commerce
and connectivity company focusing on Web solutions for small and medium-sized
businesses. The company specializes in e-business applications; consulting,
hosting, co-location, and web solutions, including design and marketing; and
high-speed access, including DSL service. IC&C has annualized revenue of
approximately $70 million and more than 130,000 customers nationwide. The
company wholly owns a shopping, e-commerce and portal site, http://www.webzone.com.
For more information about IC&C, call (800) 411-6066, or visit http://www.iccx.net.
This press release may contain forward-looking statements. Although the
company believes these statements are based on reasonable assumptions,
differences between assumed facts and actual results can be material,
depending on the circumstances. For example, IC&C may not report EBITDA
positive in all future months or correctly predict or respond to changes in
technology, may not be able to complete the integration of its acquisitions
effectively, may be adversely affected by government regulation or
competition, or may not have sufficient capital available to execute its
business plan. Investors should be aware of the important factors and risks
that could have a material impact on future results and should refer to the
cautionary statements sections of IC&C's periodic filings with the Securities
and Exchange Commission, including the most recent forms 10-K and 10-Q.
SOURCE Internet Commerce & Communications
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Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20001130/LATH033LOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, 888-776-6555 or 201-369-3467
Related links:
http://www.iccx.net
CONTACT:
Andrea Scott of Internet Commerce &
Communications, 303-313-0804, or 303-618-4990,
andrea.scott@iccx.net
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