Web sales at Communicate.com quadruple in 2004
E-commerce sales at Communicate.com Inc., which operates a number of web sites that sell merchandise and advertising, reached $1.96 million in 2004, almost four times sales of $525,275 in the prior year, the company reports. Total revenue, which includes advertising sales, was $3.5 million, up 180% from $1.23 million a year earlier.
The company had net income of $498,097 vs. $249,793 a year earlier.
“2004 was a banner year for the company,” said David Jeffs, president. “We had successive growth quarters, with the fourth quarter marking our eighth-consecutive profitable quarter. Product sales and advertising revenues grew steadily throughout the year, enabling us to end the year with zero debt and a very clean balance sheet.”
Jeffs says the company expects continued rapid growth and profitability in 2005. “I anticipate considerable revenue growth at our advertising sites, including Importers.com,” he said. “We also intend to launch additional online stores from our roster of premium domains in 2005, providing us with new sources of revenues. We are confident that the Internet is still in its infancy and that Communicate.com is part of an industry that will continue to experience remarkable gains.”
Among Communicate.com’s sites are Perfume.com, Karate.com, Boxing.com, Brazil.com, and Importers.com.
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