Beyond Commerce, Inc. Reports Record 2009 Second Quarter Revenues
July 07 2009 - 9:41AM
Marketwired
Beyond Commerce, Inc. (OTCBB: BYOC), www.beyondcommerce.com, an
E-commerce solutions, local advertising and niche social networking
company, reported its revenue for the 2nd quarter ended June 30,
2009. Due to the strong growth of its advertising and E-commerce
divisions, Beyond Commerce is pleased to report $5.3 million in
revenues for the 2nd quarter 2009, up 8,826% from the 2nd quarter
2008. LocalAdLink.com business directory is ranked in the top 2,833
sites in the US according to Alexa.com, and the top 7,040 sites
worldwide according to Quantcast.com. Beyond Commerce expects
strong revenue growth throughout the balance of the fiscal year as
it continues to grow its LocalAdLink ad sales through the 3rd and
4th quarters. Beyond Commerce is ramping up its E-commerce
division, i-SUPPLY, by adding new product categories and adding
thousands of storefronts. With the holiday season approaching, we
expect record revenues over the next two quarters from our i-SUPPLY
division.
"Beyond Commerce delivered strong financial results, leveraging
the challenging macro environment to provide affordable advertising
and E-commerce services to small businesses nationwide," commented
Robert McNulty, Chairman and Chief Executive Officer of Beyond
Commerce. "We achieved $5.3 million in the 2nd quarter, reflecting
growth in our advertising and E-commerce divisions. We project 3rd
and 4th quarter revenues to exceed $27 million as we are coming
into our strongest selling season. We are also providing jobs and
opportunities for thousands of talented sales professionals
struggling in the current economic conditions."
The increase was primarily attributable to growth of the
Company's local advertising division, LocalAdLink. During the past
quarter, LocalAdLink introduced its new 2.0 back office technology
along with a complete user friendly redesign of LocalAdLink.com.
The Company also began rolling out its E-commerce storefronts
through the advertising division's sales network. Currently,
i-SUPPLY has been implemented into approximately 4,500 Web sites.
Over the next two quarters we anticipate rolling out into an
additional 20,000 Web sites.
Beyond Commerce, Inc. provides best in class products, services,
and solutions by being the low cost provider in its market sector.
i-SUPPLY, www.i-SUPPLY.com, offers easy to use, fully customizable
E-commerce services, and revenue solutions for any Web site, large
or small, and hosts local ads, providing extensive reach for our
proprietary advertising partner network platform. LocalAdLink,
www.LocalAdLink.com, is a local business search directory and
advertising network that brings local advertising to geo-targeted
consumers. BOOMj, www.BOOMj.com, is the leading niche portal and
social networking site for Baby Boomers and Generation Jones.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: Except for historical information, the matters
discussed in this press release contain forward-looking statements
that involve risks and uncertainties, including but not limited to
economic, competitive, governmental and technological factors
affecting Beyond Commerce, Inc. operations, markets, products and
prices and other factors discussed in the Company's various filings
with the Securities and Exchange Commission.
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Beyond Commerce (PK) (USOTC:BYOC)
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