VANCOUVER, British Columbia, Feb. 23, 2004 (PRIMEZONE) -- Stockgroup Information Systems Inc., (OTCBB:SWEB) (TSX Venture Exchange:SWB) a financial media and technology company, will announce its 4th quarter and year-end results on March 11th, 2004.
Stockgroup expects to achieve 4th quarter revenue between U.S.$960,000 and U.S.$1,000,000 representing an increase of 32% over Q3, 2003. Stockgroup also expects to achieve a Net Income between break-even and $50,000.
In addition, Stockgroup expects to end the year with cash on hand of $1.4 million USD an improvement of 160% over year-end 2002 and no debt compared to U.S.$1.8 million in debt at the end of 2002.
"We are very pleased to achieve this significant milestone of generating positive cash flow and earnings after 5 consecutive quarters of sequential increases in revenue and gross profit," stated Marcus New, CEO of Stockgroup.
A conference call to review the audited year-end results will take place at 4 p.m. EST on March 11th.
About Stockgroup Information Systems Inc. (www.stockgroup.com)
Stockgroup Information Systems Inc. is a financial media and technology company. It is a leading provider of private labeled financial software and content solutions to media, corporate and financial services companies. Stockgroup employs proprietary technologies which enable its clients to provide financial data streams and news combined with cutting-edge fundamental, technical, productivity and disclosure tools to their customers, shareholders and employees at a fraction of the cost of traditional internal methods. Stockgroup is also a provider of Public Company Disclosure and Awareness Products for publicly traded companies. Its financial web sites, including www.stockhouse.com, www.stockhouse.ca and www.smallcapcenter.com, are state-of-the-art online research centers for the investment community. To find out more about Stockgroup (OTCBB: SWEB) (TSX Venture Exchange:SWB), visit our website at www.stockgroup.com
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