Cyberplex Announces Record First Quarter Results

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[{"type":"text","content":"\n\n\n\n307% revenue growth and earnings per share of 8 cents\n\n\nTORONTO, May 7 /CNW/ - Cyberplex Inc. (TSX:CX) a leader in online\nperformance-based advertising solutions, customer acquisition strategies and\ntechnology development, today announced its first quarter financial results\nfor the period ended March 31, 2009.\n\n\n- Revenue of $32 million increased 307% from the same quarter in the\n previous year\n- Earnings before amortization, interest and other items increased by\n $4.0 million to $4.2 million\n- Net income of $4.1 million\n- Net cash balance of $4.7 million and $7.1 million of available credit\n facilities\n- Working capital of $8.9 million\n\n\nCyberplex continued the trend of producing record results despite the\nchallenging global economic conditions. The compelling value proposition of\nmeasurable, ROI-based results continues to win over advertisers.\n\n\n"We are pleased to see continued validation and adoption of our business\nmodel by advertisers and publishers alike. We look forward to building upon\nthis foundation through continued investment in our technology platform and\ndistribution capabilities to deliver enhanced value to our clients," said\nGeoffrey Rotstein, President and Chief Executive Officer of Cyberplex.\n\n\n2009 First Quarter Highlights\n\n- Delivered the highest revenue in the history of the Company\n- Ranked 2nd by Branham Group as 'Top 20 Movers and Shaker', and ranked\n as one of the 'Fastest Growing Technology Companies' in Canada\n- Launched ShopCauses.com, a proprietary, innovative social media\n application delivered through Facebook\n- Grew international traffic sources and advertising relationships\n- Continued to integrate the Technology Services division with the web\n advertising platform to improve the capacity of distribution channels\n and to better position the Company for future growth\n\n\nResults for the First Quarter of 2009\n\n\nFirst quarter revenue of $32.1 million was an increase of 307% over the\n$7.9 million generated last year. This growth was achieved primarily from the\nWeb Advertising division through the addition of new publishers, the increase\nin campaign budgets and the continued momentum of proprietary publishing\ninitiatives. Income before amortization, interest and income taxes for the\nquarter increased to $4.3 million, up from $221,000 ...

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