DENVER, April 2 /PRNewswire/ -- Internet Commerce & Communications
(Nasdaq: ICCX), a national e-commerce/Web solutions and connectivity company,
today is reporting that revenue for the year 2000 was up 51% over 1999, to
$45.4 million. Quarterly revenues of $11.0 million for the period ended
December 31, 2000, were up 18% from fourth quarter of 1999.
(Photo: http://www.newscom.com/cgi-bin/prnh/20001130/LATH033LOGO )
Gross profits for the year 2000 improved to $18.0 million, up 46% from
1999. Gross profit in the fourth quarter improved to $3.3 million, an
increase of 41% from the comparable period a year ago. The company also
achieved a gross margin of 40% in the year 2000.
The company took several one-time adjustments in 2000 that affected EBITDA
negatively by $4.1 million, and affected the balance sheet negatively by
$9.0 million. These adjustments cleaned up the balance sheet, and will allow
the company to focus on improving profitability in future years.
IC&C reported an EBITDA loss per share of $1.00 for the year 2000, and had
an EBITDA loss per share of $1.14 for the year 1999, a 14% improvement
year-to-year.
Douglas Hanson, IC&C's Chairman and CEO, said, "Our primary emphasis this
year has been to improve our bottom-line financial results, and the results
for the year 2000 prove our ability to meet and exceed our goals. We continue
to focus on our 5-point strategic action plan, and have announced several
achievements during the past year. We are on target to continue to meet our
financial goals for the year 2001."
Note -- IC&C has scheduled a conference call for 4:15 PM Eastern Standard
time on Monday, April 2, 2001, that can be accessed through the company's
website, http://www.iccx.net. Click on the Investor Relations link, and then click
on Conference Calls and Presentations. The webcast is accessible at
http://tm.intervu.net/template/smirror/ivtemplates/ccbn/2001/april/02/ipc-
ccbn-iccx-04022001-45200-rl-8.ram. The event can be heard live by dialing
877.423.3896 and referencing Internet Commerce & Communications, and will
subsequently be accessible as an archived file and text file transcript.
About Internet Commerce & Communications
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 $65 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, this announcement may not result
in significant changes in the stock price for IC&C. Investors should be aware
of the important factors and risks that could have a material impact on future
cash results and should refer to the cautionary statements sections of IC&C's
periodic filings with the Securities and Exchange Commission, including its
most recent forms 10-K and 10-Q (including filings made under ticker symbols
RMII and INCC).
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, andrea.scott@iccx.net
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