| AlphaTrade Achieves Strong Revenue Results | |
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Vancouver, BC - March 30, 2004 - (OTC BB: APTD) Penny Perfect, Chief Executive Officer of AlphaTrade.com, said, "AlphaTrade recorded record revenues from operations during 2003, highlighting the Company's commitment to achieving profitability. Revenues for the year increased to $939,868, an improvement of $426,171 over the previous year. So far in 2004, the trend is continuing. AlphaTrade is enjoying the benefits of this very positive momentum." Penny Perfect further stated, "We are pleased to report higher, sustained revenue gains, as well as improvement in gross margins and cash flow. AlphaTrade’s management team continues to execute well in fulfilling our business plan and our pipeline of new business opportunities continues to exponentially expand. This growth was partly the result of our decision to invest more in sales, marketing and management services, however large portions of these expenses were stock based payments and did not impact our cash flow. We expect that continued investment in improving our technology and additional service offerings will ensure that our E-Gate product become the information source of choice for the active stock trader. As our marketing program begins to create name recognition in the financial communities, we expect that the demand for our intelligent, browser based line of business products will result in accelerated revenue growth during 2004." The first three month’s revenue for 2004 is shaping up to be even more impressive than our 2003 revenue growth. To date in 2004, we have achieved sustained monthly growth of approximately 20%. The Company's management has made a commitment to improve shareholder value. The net loss applicable to common stockholders for the year ended 2003, was $0.56 per diluted share, compared to a loss of $0.96 per diluted share for the previous year. The year 2004 should show an improvement which will be driven by increased revenues and cost containment efforts. About AlphaTrade AlphaTrade (OTC BB: APTD and FSE: TDR WKN 529988) supplies real-time, streaming stock quotes via a suite of user-friendly applications, E-Gate. E-Gate subscribers are able to access comprehensive financial data on stocks, options, and indices for all North American exchanges. To sign up for a 7-Day, no-risk FREE Trial go to www.alphatrade.com. Contact:
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SAFE HARBOR STATEMENT: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition and risk inherent in the operations of a company. |