InvestmentPitch.com Reports Second Quarter Revenues up 318% Over Comparable Period Last Year and Profitability Reached in June
(Thomson Reuters ONE) -
Vancouver, British Columbia, July 13, 2011 - InvestmentPitch.com announced its
financial results for the second quarter and the six months ended June
30, 2011, with second quarter revenues up 318% over the comparable period in
2010.
The company reported a net loss of $24,131 or $0.0019 per share for the second
quarter ended June 30, 2011, compared to a net loss of $42,661 or $0.0039 per
share for the second quarter of 2010.
Financial Highlights for the three and six months ended June 30, 2011 with
comparatives:
Three Months Ended Six Months ended
June 30 June 30
2011 2010 2011 2010
Revenue from Operations $90,800 $21,701 $138,144 $38,957
Net income (loss) (24,131) (42,661) (72,230) (153,585)*
Per share - basic $0.0019 $0.0039 $0.0058 $0.0140
Per share - diluted $0.0017 $0.0035 $0.0050 $0.0126
* Includes a charge of $65,816 for Unamortized Balance of Website Development
Barry Morgan, CFO said, "Having launched our website in September 2009, at what
many have called the depth of the recent recession, we feel fortunate to have
survived. We launched several new video products for the financial markets
during the last two quarters, and are happy to report we reached profitability
during the month of June. Video is proving to be the most popular method of
delivering content and going forward, we have been steadily increasing the size
of our order book. Now that we have a proven product line, we are actively
talking with accredited investors in order to ramp up our business".
About www.InvestmentPitch.com
InvestmentPitch.com offers a combined solution for creating, hosting and
distributing financial video content. In addition to producing videos, the
company will also host third party video content, particularly if it is of an
educational nature, and of interest to retail investors.
All video content is hosted on www.investmentpitch.com, where it is fully
searchable and available for investors, without any registration requirements.
The website is currently ranked among the top 1/2 of 1% of websites for
popularity, by Alexa.com.
The company's newest product, described as a "video news alert" is one of the
best and most cost-effective methods for a company to get its story in front of
investors. InvestmentPitch takes a news release, research report or president's
letter, and in a matter of hours produces a short video of approximately three
minutes, which, through the extensive use of multimedia, highlights the original
information. This video, which is anchored by one of the company's news anchors,
has enough content to stand alone on the Internet.
The company also works with many of its partners, such as the Chicago Resource
Expo, one of the oldest natural resource conferences in the United States, to
capture corporate presentations. Associates, such as Jay Taylor, publisher of
the "J Taylor's Gold, Energy & Tech Stocks" newsletter, David Morgan of the
Silver-Investor (www.Silver-Investor.com) and Ted Ohashi of "Ticker Talk", work
closely with our clients to produce videos of corporate interviews. Through our
relationship with NAI500 we can provide our clients with Madarin versions of
their videos.
InvestmentPitch.com is also an official content provider to Reuters, who
provides all of the company's video content on a delivery-on-demand basis to
Reuters' subscriber base.
To better understand the products and the power of InvestmentPitch.com's
distribution network, please view this short video.
CONTACT:
Investmentpitch.com
Barry Morgan, CFO
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#1530902]
Unternehmensinformation / Kurzprofil:
Datum: 13.07.2011 - 20:37 Uhr
Sprache: Deutsch
News-ID 56381
Anzahl Zeichen: 4845
contact information:
Kategorie:
Business News
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