IPE InvestmentPitch Enterprises Releases 2011 Financial Results: Gross Profit of $126,390 up 341% from $28,682, Net Loss Decreases 47% from $330,119 to $174,966
(Thomson Reuters ONE) -
Vancouver, British Columbia, February 1, 2012 - IPE InvestmentPitch Enterprises,
a video content producer for the investment community, and operator of
thewww.InvestmentPitch.com website, has released the company's financial results
for the fiscal year ended December 31, 2011.
The company reported a net loss of $174,966 or $0.014 per share for the year
ended December 31, 2011, compared to a net loss of $330,119 or $0.03 for the
year ended December 31, 2010. Revenues increased 223% from $68,358 in 2010 to
$220,928 in 2011, with gross profit up 341% from $28,682 to $126,390.
During 2011 the company successfully launched its new "video news alert"
product, which changes the way investors access news releases and research
reports. The company specializes in producing short three minute videos based on
important news releases, research reports and other news that can be better
presented in video rather than text format.
What makes this product truly unique is that the company can produce the video
within a couple of hours from the time it receives the original text. After
receiving the initial content, the company acquires pictures, maps, charts, and
other multimedia required to produce the video, which is delivered by one of the
company's anchor girls.
This service is particularly valuable when it comes to viewing research reports.
Investors usually only have access to research reports produced by their own
brokerage firms or other paid subscription services. InvestmentPitch.com works
closely with the various producers of research reports, and after their clients
have had a short period of time to execute trades based on the reports, the
reports are provided to InvestmentPitch for video production. Upon viewing an
interesting video, an investor will often contact the public company or the
investment firm directly for a full version of the report.
Barry Morgan, company founder and CFO stated, "The company has been successfully
executing its business model to create the go to place for video content that
addresses the small and micro-cap market. Rather than trying to build revenues
as quickly as possible, we've concentrated on developing new products and
growing our user base. Ranking service Alexa.com now places us among the top
200,000 sites in the world, out of the more than 150 million active websites."
In addition to hosting these videos on its own site, InvestmentPitch.com is an
official content provider to Thomson Reuters' "Reuters Insider" video on demand
platform. The video content is made available to Reuters' subscriber base of
financial professionals, which numbers more than 600,000. Reuters Insider
describes the service as "Providing financial multimedia content that goes
beyond the headlines to its give customers actionable, timely ideas."
To further increase the exposure for its customers' brand, each video is posted
on a number of worldwide video sharing sites. To drive traffic to new videos,
the company also disseminates an international media release with direct links
to the video.
To better understand the products and the power of InvestmentPitch.com's
distribution network, please view this short video.
Ted Ohashi CFA, a special advisor to the company, and a regular contributor of
video interviews of corporate management stated, "In the past year, video
continued to expand its indispensable position in modern communications. Because
of technological advances, video is no longer a higher cost, specialized medium.
It is a mainstream product with significant advantages over text. For its part,
Investmentpitch solidified its leadership position in the application of video
in the small cap, public company market. The outlook for IPE's business model is
stronger than ever."
For more information please call 604-684-5524.
CONTACT
InvestmentPitch.com
Barry Morgan, CFO
604-684-5524
bmorgan(at)investmentpitch.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: InvestmentPitch via Thomson Reuters ONE
[HUG#1581998]
Unternehmensinformation / Kurzprofil:
Datum: 01.02.2012 - 21:34 Uhr
Sprache: Deutsch
News-ID 110221
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