DALLAS, March 16, 2005 (PRIMEZONE) -- Superclick, Inc. (OTCBB:SPCK) today announced record results for the first quarter ended January 31, 2005.
Net Sales for the three months ended January 31, 2005 and 2004 was $1,437,363 and $291,422, respectively. The increase of $1,145,941 in Net Sales represents a 393% increase on a year over year basis and is directly attributable to the successful signing of significant contracts and completion of key installations. Continued successes in gaining market acceptance of our product offering contributed to winning additional competitive contracts with high profile customers.
General and Administrative expenses for the three months ended January 31, 2005 and 2004 was $606,168 and $235,498 respectively. The increase of $370,671, approximating a 157% increase, in General and Administrative expenses is understandably the result of additional personnel costs required to fulfill the successfully acquired contracts. The increased costs resulted from adding personnel required to support the deployment, delivery, and installation of our product which drove the increased sales volume. Additionally, other associated cost increases were incurred for infrastructure such as office space, communications, etc. Since there were more installations covering a larger geographic area travel costs also increased.
Net loss for the three months ended January 31, 2005 and 2004 was $65,528 and $112,650, respectively. Net loss was less than the previous year's net loss because of increased Net Sales and management's efforts to contain costs. Volume purchasing and better pricing from key vendors allowed the company to continue to move toward profitability.
Chief Executive Officer and President of Superclick, John Glazik, remarked that "We continued our positive momentum from the 4th quarter and deployed a large number of hotels both as new installs as well as retrofits of other vendors' systems. We are achieving an ever-growing recognition of the superiority of our SIMS platform in the hotel as well as other vertical markets."
Quarterly Business Highlights
Amongst the key highlights that Superclick reports for the first quarter are:
-- Revenue of at least $1,437,363, representing approximately
393% growth over the first quarter of fiscal year 2004.
-- The first quarter marks the 5th consecutive quarter of
increasing revenues.
-- Addition of 6,922 rooms over the first quarter, bringing the
total Superclick footprint to more than 26,000 hotel rooms.
-- Number of hotel installs grew 22% on a quarter-over-quarter
basis and were up more than 350% from the same period last year.
-- Established initial sales into European market through Locatel
partnership.
About Superclick, Inc.
Superclick, Inc. (OTCBB:SPCK), through its wholly owned, Montreal-based subsidiary Superclick Networks, Inc., develops, manufactures, markets and supports the Superclick Internet Management System (SIMS(tm)) in worldwide hospitality, multi-tenant unit (MTU) and university markets. Superclick provides hotels, MTU residences and universities with cost-effective Internet access utilizing high-speed DSL, CAT5 wiring, wireless and dial-up modem technologies. Superclick's proprietary technology converts dial-up analog Internet calls to digital access, improves connection speeds, unclogs local trunks, consolidates Internet traffic, supports flexible billing and provides targeted advertising to end-users. Current clients include MTU residences and Crowne Plaza(r), Four Points by Sheraton(r), InterContinental Hotels Group PLC, Hilton(r), Holiday Inn(r), Holiday Inn Express(r), Hampton Inn(r), Marriott(r), Novotel(r), Radisson(r), Sheraton(r), Westin(r) and Wyndham(r) hotels in Canada and the United States.
Safe Harbor Statement
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements with the terms "believes," "belief," "expects," "intends," "anticipates," "will" or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.