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AlphaTrade Reports Record First Quarter 2006 Results Total Revenue for the Quarter Increased by 47.1% and Gross Profit was up 67.9% |
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VANCOUVER, British Columbia - May 09, 2006 - AlphaTrade.com (OTCBB: APTD), a global provider of customized real-time financial information for professional, institutional and individual investors, today announced record results for the first quarter ended March 31, 2006. Total revenue for the quarter was $958, 875 compared to $651, 636 in the first quarter of 2005, an increase of 47.1 %. Gross profit was $546,898 versus $325,773 for the similar period in 2005, an increase of 67.9%. Net loss for the quarter was $ (448,041) or $(0.01) per share as compared with $(120,310) or $(0.00) for the first quarter of 2005. Excluding the value of the shares and options issued to consultants and employees the net loss would have been $(17,432) in 2006 compared to $(44,885) in 2005. Commenting on the announcement, Penny Perfect, Chief Executive Officer of AlphaTrade, said, "We are very pleased with our record results for the first quarter of 2006. AlphaTrade has now had twenty quarters of consecutive growth and these are the best results in the company's history. We have continued to improve our operations and are moving forward with our strategic initiatives for growth. We are particularly excited with the dramatic increase in our advertising revenue and anticipate even better performance from this segment of our business through the remainder of fiscal 2006. We continue to believe that we are extremely undervalued relative to our competitors in this industry and feel that our focus on marketing AlphaTrade's products in China and the Pacific Rim will yield exciting results going forward." About AlphaTrade Launched in 1999, AlphaTrade is the only company that offers financial data that is both modular and multi-lingual to the millions of people who "follow the market" on a daily basis. AlphaTrade data can be conveniently accessed through a number of internet-enabled systems, including computers, Web TV's, and wireless hand-held devices. The company's flagship product, E-Gate, offers unparalleled, reliable, and accurate real-time investment information, coupled with advanced trading analysis tools. For more information, please visit our website at www.AlphaTrade.com. Contact
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Forward-looking statements: This press release contains statements that are "forward looking" and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. Generally, the words "expect", "intend", "estimate", "will" and similar expressions identify forward-looking statements. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward-looking statements. Statements in this press release regarding the Company's business or proposed business, which are not historical facts, are "forward-looking" statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company cannot assure that it will finally consummate the proposed final form of its acquisition of the final elements of Private Treaty Markets or that we will profitably integrate all of its business elements when and if the acquisition is completed in its final approved form. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||