ElectroBusiness.com Inc.

ElectroBusiness.com Inc.

January 03, 2005 08:00 ET

electroBusiness Increases Revenues By 91% for the Three Month Period Ending October 31, 2004


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ELECTROBUSINESS.COM INC.

TSX VENTURE SYMBOL: EB

JANUARY 3, 2005 - 08:00 ET

electroBusiness Increases Revenues By 91% for the
Three Month Period Ending October 31, 2004

CALGARY, ALBERTA--(CCNMatthews - Jan. 3, 2005) - electroBusiness.com
Inc, ("electroBusiness" or the "Company") (TSX VENTURE:EB) has filed its
financial statements for the three months ended October 31, 2004. For
the quarter ending October 31, 2004 the Company generated revenues of
$114,546 (2003 - $59,823) an increase of 91% ($54,723). The increase in
revenue is partially due to continually increasing contract and
recurring revenue and partially due to the timing of significant
contract that closed during the period. During the period, the Company
operating expenses of $127,126 (2003 - $115,044) increased 11% ($12,082)
which resulted in a net loss of $12,580 (2003 net loss - $55,221). The
increase in expenses was primarily due to an increase in salaries from
the hiring of one staff member and a general increase in insurance costs.

The company expects current projects, plus numerous others in
development, to provide strong growth and drive recurring revenues.

About electroBusiness

electroBusiness is the secure document exchange company. Customers
increase productivity and save money using automated, secure
communication and data exchange technology. The proprietary e-Business
Utility™ allows one business system to exchange data seamlessly with
another business system. By translating documents, each company's
business software can efficiently communicate with each other. The
exchange is secure, flexible and affordable.

Established in 1999, the Canadian based e-Business solutions company has
its head office in Calgary, and sales offices in Edmonton, and Toronto.
Company shares trade on the TSX venture exchange symbol (TSX VENTURE:EB).

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    electroBusiness.com Inc.
    Cal Fairbanks
    CEO
    (403) 260-6636
    The TSX Venture Exchange Has Not Reviewed And Does Not Accept
    Responsibility For the Accuracy Of This Release.