Sitebrand Inc.
TSX VENTURE : SIB

Sitebrand Inc.

July 30, 2009 17:12 ET

Sitebrand Announces Second Quarter 2009 Results

GATINEAU, QUEBEC--(Marketwire - July 30, 2009) - Sitebrand Inc (TSX VENTURE:SIB), a leader in online marketing solutions today announced results for its three months and six months ending May 31, 2009.

Highlights for the second quarter include:

- Sitebrand achieved $609,735 in revenues compared to $527,051 in the same period last year, a 16% increase, continuing the trend of double-digit revenue growth over the past five years.

- A quarterly loss of $102,032 compared to $254,696 in the same period last year, a decrease of 60%.

- A loss of $254,696 for first six months of fiscal 2009 as compared to $1,335,459 for the first six months of last year, a reduction of 81%.

"Sitebrand continues to refocus itself as the market leader in the web personalization space. Advancements this quarter have included notable customer wins, a further reshaping of our business, and prudent investments in our team. We're pleased with our success in these areas, and quarterly results that reflect this." said Chris Corman, President and CEO.

Sitebrand delivered the following results for the three and six months ended May 31, 2009:

Revenue: Revenue for the three months ended May 31, 2009 totaled $609,735, an increase of $82,684 (16%) over the $527,051 in revenue for second quarter of fiscal year 2008. Revenue for the six months ended May 31, 2009 was $1,206,141, an increase of $172,966 (17%) over the $1,033,175 in revenue for the year-to-date ended May 31, 2008. This increase reflected an increase in customers as well as increased revenues per customer.

Net loss and Earnings per Share: Net loss for the three months ended May 31, 2009, was $102,032 as compared to $254,696 in the same period of the prior year, a 60% reduction and the net loss for the six months ended May 31, 2009, was $254,696 as compared to $1,335,459 in the same period of the prior year, a decrease of 81%. The reduced loss was a result of cost reductions including decreased staffing levels and improved operating efficiencies.

The cash used for operations in the three months ended May 31, 2009 was $104,622 as compared to $413,764 in the three months ended February 29, 2008, a 75% reduction and cash used from operations in the first two quarters of fiscal 2009 was $413,764 as opposed to $542,979 in the same period of the prior year, a decrease of 24%. The basic and diluted loss per share for the second quarter of 2009 and the same time last year were $0.00 and $0.06 respectively.

About Sitebrand

Sitebrand Inc. provides online marketing solutions and related services to major retailers across North America and Europe. Based on its proprietary software, Sitebrand's Segment&Serve™ personalization solution delivers personalized online marketing campaigns for websites, email, search engine marketing, blogs, banners, point of sale, or any other web medium. Using Sitebrand, online retailers are able to develop customized marketing campaigns that leverage anonymous web analytics and visitor behavior, providing each visitor with a personalized experience to that particular visitor in real-time-generating more customers, more profit per customer, more customer loyalty, and more conversions. Sitebrand was founded in 2000 and is headquartered in Gatineau, Quebec.

Disclaimer: Statements in this release that are forward looking involve known and unknown risks and uncertainties, which may cause the company's actual results in future periods to be materially different from any future performance that may be suggested in this release. The company assumes no obligation to update any forward-looking statements contained in this release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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