Stockgroup Information Systems, Inc SWEB (.29) announced today that it expects to release it fourth quarter and year-end results on 3/20/2006 at 9:30 AM EST.
Stockgroup expects to achieve record fourth quarter revenue between US$1.75 million and US$1.80 million, an increase of approximately 31% over Q3 2005. The increase in revenue over Q3 2005 largely came from the Advertising business segment. In addition, Stockgroup expects to maintain gross margins of 78% in Q4, with estimated net income for the quarter between US$50,000 and US$80,000. Under the Company’s share buy back program, Stockgroup has purchased an additional 313,000 shares in the fourth quarter bringing the total to 690,050 shares for US$260,500, year to date.
A conference call and webcast will be held on Monday, March 20 at 4:05 PM EST
to discuss the fourth quarter and year end results.
About Stockgroup Information Systems Inc. As an online media company, Stockgroup Information Systems provides a complete financial data source for investors, investment advisory firms, press and media organizations as well as access to specific demographics for advertisers. Stockgroup owns and operates the StockHouse media properties, http://www.stockhouse.ca/ and http://www.stockhouse.com/.
33,8325,296 s/o as of 11/14/05
To find out more about Stockgroup (OTCBB: SWEB, TSX-V: SWB), visit website at: www.stockgroup.com.