Communicate.com Inc.
OTC Bulletin Board : CMNN

Communicate.com Inc.

November 15, 2006 09:01 ET

Communicate Reports Record Third Quarter and Nine Month Revenues and Net Income; Q3 eTail Revenues Grow 100% Year Over Year

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 15, 2006) - Communicate.com Inc. (OTCBB:CMNN), a rapidly growing eCommerce company, today announced results for the third quarter and nine months ended September 30, 2006. All dollar amounts are expressed in USD.

Third quarter and Nine Month 2006 financial highlights and third quarter corporate developments include:

- Record third quarter revenues of $2,127,828 compared to $$1,017,659 for the same period of 2005

- Record third quarter net income of $347,859 compared to $116,609 for the same period of 2005

- Record third quarter eCommerce/product sales of $ 1,555,396 compared to $760,954 for the same period of 2005

- Record nine month revenues of $5,245,104 compared to $3,046,040 for the same period of 2005

- Record nine month eCommerce/product sales of $4,358,228 compared to $2,201,855 for the same period of 2005

- Record nine month net income of $388,280 compared to $339,479 for the same period of 2005

- Cash and cash equivalents $1,674,983 as at Sept. 30, 2006 compared to $1,489,816 as at Sept. 30, 2005

- Sold the domain name wrestling.com for $500,000

- The company was ranked #12 on the "Fastest 50" list of the fastest growing companies in BC by Business in Vancouver

- The company's Importers.com B2B trade portal signed a sales and marketing agreement for China

"Communicate closed the first nine months of 2006 in the strongest position in its history," commented David Jeffs, President of Communicate.com. "Our business is going as per our expectations, with very robust revenue growth from our core eTail segment. I anticipate the fourth quarter to be another record sales quarter for the company. We are on track to meet our previously announced fiscal 2006 revenue guidance of between $8.5 million to $10 million."

Communicate.com's quarterly report on SEC Form 10-QSB for the period ended September 30, 2006, can be accessed via the investor section of our corporate website, at http://www.cmnn.com/investor.php.

About Communicate.com Inc.

Communicate.com (www.cmnn.com), 'Targeted eCommerce Brands', is a rapidly growing, debt-free Internet company with a core focus on eTail. Communicate.com owns some of the Internet's most instantly credible and easily remembered brands, including www.perfume.com, www.body.com, www.brazil.com and www.importers.com, to name just a few. The company's portfolio of intuitively branded B2C and B2B websites naturally attracts a high volume of targeted traffic and potential clients per month, providing it with a crucial competitive advantage in customer acquisition and price. Communicate.com ranked 18th in PROFIT magazine's 2006 'PROFIT 100' list of Canada's fastest-growing companies.

This press release contains "forward-looking" statements as such term is defined in the Private Securities Litigation Reform Act of 1995. Because such statements include risks and uncertainties, actual results may differ from those expressed or implied herein. Further information on potential factors that could affect the financial results of Communicate.com Inc. is included in the company's filings with the U.S. Securities and Exchange Commission.

Contact Information

  • Communicate.com Inc.
    Adam Rabiner
    Communications Director
    (604) 648-0536 or 1-866-898-4354
    Website: www.cmnn.com