February 01, 2001 12:52pm
DIGITAL ROOSTER.COM INC. REPORTS 3rd Quarter Results - 30,580,866 Common Shares Outstanding
Source: Digital Rooster.com Inc.
by: Company Press Release
(TORONTO, ONTARIO) -- Digital Rooster.com Inc. ("ROOS") an international leader in the electronic distribution of adult multimedia entertainment is pleased to announce a 45% increase in sales for the nine months ended December 31, 2000 compared to the nine months ended December 31, 1999.
Revenue was $486,924 for the third quarter ended December 31, 2000 compared to $554,108 for the same period last year, a 12% decrease. This decrease for the quarter ended December 31, 2000 was expected as Management is shifting its focus to membership sites. A significant increase in revenue from membership sites is expected following strategic traffic agreements to become effective by Q1 Fiscal 2002.
There was an increase in gross profit of 107% for the nine months ended December 31, 2000 compared to the nine months ended December 31, 1999. Gross profit totaled $327,696 for the third quarter period ended December 31,2000 from $307,696 in the same period last year and net loss increased to $338,224 for the third quarter period ended December 31,2000 from $139,625 in the same period last year. Digital Rooster's fiscal year ends March 31, 2001.
Commenting on the Third Quarter results Lex van Arem, chairman and CEO said: "It is my view that with some of the recent agreements the Company has entered into, we will see significant growth in the future. We anticipate to benefit significantly from an expected increase of traffic directed to our pay sites."
Digital Rooster.com Inc.
366 Bay Street 12th Floor
Tel 416 815 1771 ext 250
Fax 416 815 0044
Toll free 888 932 3732 ext 250
The Company's securities have not been approved by or listed on any stock exchange.
Digital Rooster.com Inc. is an Internet e-commerce adult entertainment destination providing online upscale adult content. The Company also operates its own destination web sites. The Company's goals are to brand its web sites as premier adult entertainment destinations and build a significant worldwide community of loyal clients who enjoy its unique entertainment.
Digital Rooster and Digital Rooster.com are trade-marks and/or registered trade-marks of Digital Rooster.com Inc. All other companies and products listed herein may be trademarks or registered trademarks of their respective holders.This press release may contain forward-looking statements that involve risks and uncertainties. More detailed information about the Company can be obtained from our filings with SEDAR at www.sedar.com.