Your best link to Quebec   

   Français
CORPORATE SITE
Overview General Information ADVERTISERS and AGENCIES PUBLISHERS and PRODUCERS INVESTORS and ANALYSTS Employment and Freelancing Address and Contact Information

General Information > Press releases

BRANCHEZ-VOUS! increased revenues by 59 % in 2000 and continues to experience growth in the first quarter of 2001

Montréal, May 17, 2001 -- BRANCHEZ-VOUS! Inc. (CDNX: BZV) saw its revenues increase by 59% in 2000 and continues to experience growth in the first quarter of 2001. This is evidenced from the company's financial statements published today by the company for the 2000 fiscal year and for the first quarter of 2001.

For the fiscal year ended December 31, 2000, BRANCHEZ-VOUS! Inc. publishes audited pro-forma financial statements including results from Invention Media Inc., which merged with BRANCHEZ-VOUS! Inc. on January 16, 2001. In 2000, BRANCHEZ-VOUS! had revenues of $978,698, an increase of 59% over the 1999 fiscal year. A majority of these revenues came from selling advertising space on Québec-based Internet sites. Expenses for the 2000 year were at $2,484,741, resulting in a net loss of $1,506,133 for the year, or 6 cents per share.

Financial statements for the first quarter of 2001, ending March 31, include the results of e-commerce site MicroSon.ca from February 19, 2001, the date it was acquired by BRANCHEZ-VOUS!. During the first quarter of 2001, BRANCHEZ-VOUS! had revenues of $260,259 , an increase of 13% over the first quarter of 2000. Expenses being at $563,178 for the period result in a net loss of $302,919, or 1 cent per share. Patrick Pierra, CEO of BRANCHEZ-VOUS!, noted that "between February and April 2000, we received private placements totalling $2,8 million. This capital influx allowed us, in the following months, to substantially enhance our content and services offering and to launch several new sites. We also embarked, in 2000, on a one-time advertising campaign geared toward consumers, which helped further position our company." "Despite uncertain economic conditions and evidence of weakness in the traditional advertising mediums, added Patrick Pierra, Internet advertising and e-commerce continue to grow in Quebec. We have a careful management approach and are continually monitoring our cost structure. While maintaining growth, over the coming quarters, our losses will continue to decrease. Our goal is to reach our fist profitable quarter in the final quarter of the fiscal 2001 year."

About BRANCHEZ-VOUS! Inc.

Based in Montreal, BRANCHEZ-VOUS! Inc. manages the largest French-language Internet network in North America. BRANCHEZ-VOUS! sells, to advertisers and their ad agencies, a network of more than 40 sites which gather more than 40 million page-views per month. According to a March, 2001, Media Metrix Canada survey, this network reaches more than one million unique visitors among francophones using the Internet at home. BRANCHEZ-VOUS! also owns the e-commerce site MicroSon.ca, which sells computing equipment and peripherals, software products, PC games and electronic products throughout Canada. BRANCHEZ-VOUS! shares are traded on the CDNX under the symbol BZV. For further information, go to : www.branchez-vous.com/inc/english

Media: Patrick Pierra
Chief Executive Officer
Phone: (514) 842-3838 ext. 249
ppierra@branchez-vous.com


Investors:
Denise Fleury
Chief Financial Officer
Phone: (514) 842-3838 ext. 281
dfleury@branchez-vous.com



Send | Print this press release


Plan du site  |  Conditions d'utilisation  |  Contactez-nous  |  © Copyright BRANCHEZ-VOUS! inc. et partenaires, 1995-2008. Tous droits réservés.