|
SAN FRANCISCO, Calif.--(BUSINESS WIRE)--Feb. 28, 2005--InterSearch
Group, Inc. (ISGP.PK -
News), which owns and operates several Pay Per Click (PPC)
Internet search engines and provides Fortune 500 companies professional consulting and search-related services,
today reported unaudited pro-forma consolidated financial results for the 12 months ending Dec. 31, 2004.
For the full year, unaudited pro forma 2004 revenues were $14.3 million, and operating
income was $1.5 million. The unaudited pro forma 2004 results are provided as if the Oct. 27, 2004 purchase
acquisition of Corporate Consulting Services (CCS) and the Dec. 10, 2004 purchase acquisition of Walnut
Ventures, and all related transactions, had occurred on January 1, 2004.
InterSearch Group, Inc.
Proforma consolidated income statement
(Unaudited, in thousands of dollars)
12 months
ending
12/31/2004(a)
Revenue $14,317
COGS 8,618
Gross Profit 5,699
Expenses 4,194
Operating Income $1,504
(a) Proforma consolidated 2004 results are provided as if the Oct. 27,
2004 purchase acquisition of Corporate Consulting Services (CCS)
and the Dec. 10, 2004 purchase acquisition of Walnut Ventures, and
all related transactions, had occurred on January 1, 2004.
Audited results for full year 2004 are expected to be available by mid-April,
said Chief Executive Officer Dan O'Donnell. Audited results will reflect InterSearch holding company
operations, partial year CCS financial results from Dec. 10, 2004, through Dec. 31, 2004, and other
factors related to the acquisitions and the accounting treatment of the transactions.
More information about InterSearch Group, Inc. can be obtained at its website:
www.InterSearch.com or by contacting the company at
415-962-9700. InterSearch Group's stock is listed on the National Quotation Bureau under the symbol ISGP.
Except for historical information, matters discussed above are forward-looking
statements within the meaning of safe-harbor provisions of the Private Securities Reform Act of 1995.
Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ
materially from projected results. Those factors include, but are not limited to, economic, competitive,
governmental and technological factors affecting the Company's operations, markets, services and related
products, prices or other areas. The Company undertakes no obligation to publicly release the results of
any revisions to forward-looking statements.
|
|
--------------------------------------------------------------------------------
Contact:
InterSearch Group, Inc.
Frank McPartland, 415-962-9700 Ext. 712
fmcpartland@intersearch.com
or
InterSearch Group, Inc.
Dan O'Donnell, 415-962-9700 Ext. 799
dodonnell@intersearch.com
or
InterSearch Group, Inc.
Gary Bogatay, 415-962-9700 Ext. 711
gbogatay@intersearch.com
or
Keller Crescent Company
Terry McWilliams, 812-426-7720
tmcwilliams@kellercrescent.com
--------------------------------------------------------------------------------
Source: InterSearch Group, Inc.
|
