Cyberplex Revenue Increases 280 Percent

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[{"type":"text","content":"\n\n\n\nTORONTO, Nov. 13 /CNW/ - Cyberplex Inc. (TSX:CX) a leading technology\nfirm focused on providing web advertising solutions and on-line customer\nacquisition strategies, today announced its financial results for the third\nquarter ended September 30, 2007.\n\n\nRevenue for the three month period ended September 30, 2007 was\n$4.72 million up 280% from the $1.24 million generated a year earlier and an\nincrease of 6% from the $4.44 million recognized in the previous quarter. On\nan operational basis, the loss before amortization and interest income for the\nquarter was $145,000, after accounting for a foreign exchange loss of $210,000\nand one-time non-recurring stock compensation expense of $103,000. This figure\ncompares to a $114,000 operating loss for the same period a year earlier and a\nloss of $4,000 generated in the previous quarter.\n\n\nGross margin for the quarter was 41%, consistent with the 42% recorded in\nthe previous quarter and the Company's top five clients accounted for\napproximately 30% of the quarterly revenue. The company finished the quarter\nwith cash and cash equivalents of $1.27 million.\n\n\nExciting developments during the quarter included:\n\n1. Completion of the acquisition of Eidenai Innovation Inc.\n2. Addition of over 50 new advertising campaigns initiated through the\n affiliate network\n3. Increase in backlog of over 100% for the services organization\n\n\nAs a result of the Eidenai acquisition, Cyberplex will benefit from the\nadditional scale to the organization, the new client relationships that can be\ndeveloped and the synergies that will result from combining the two\norganizations. These benefits, combined with the Company's proprietary\nadvertising platform, which focuses on performance based customer acquisition,\nwill create a mutually reinforcing value proposition as the Company continues\nits aggressive growth strategy and continues to bring strategic offerings to\nits clients.\n\n\n"We are very pleased with our performance this quarter and the overall\ngrowth for the first 3 quarters of 2007," said Geoffrey Rotstein, chief\nexecutive officer of Cyberplex. "Our increased investments in sales and\nmarketing, the acquisition of Eidenai, and the momentum that we are\nexperiencing in our advertising division, will pave the way for an exciting\nend to 2007 and into ...

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