ABBOTSFORD, BC, April 9 /PRNewswire/ - The Open Source business model continues to gain credibility with Stratabase's announcement of increased revenues and positive Q4 net income. "We are delighted to be able to announce positive financial results. In this turbulent market and unsteady economy, we are pleased to be one of the only IT companies to show extraordinary sales growth and positive net income for Q4 2000," said Trevor Newton, Founder & CEO, Stratabase. Stratabase, a leading developer of Open Source CRM and enterprise solutions, announced financial results for the fourth quarter and year ending December 31, 2000. Revenues for 2000 were $1.3 million compared to $41,813 for 1999, with a net loss in 2000 of $97,056. This increase in revenues has been primarily attributable to increased demand for Stratabase's CRM services and enterprise solutions. In Q4 2000 the company had revenues of $668,348 and net income of $59,944. Commenting on the annual and fourth quarter results, Trevor Newton stated "The business success we have demonstrated to date reflects positively on our revenue model. Our priorities for the next twelve months are to continue to grow our core business and expand the size and quality of our customer base. We believe that we can continue to improve upon the tremendous progress made in our fourth quarter 2000 operating metrics." Stratabase develops Open Source Customer Relationship Management (CRM) software for its clients and for general distribution, and sells integrated enterprise solutions to businesses. Stratabase's Open Source CRM software is designed to allow enterprises to conduct relationship management through the use of sales force automation and email-marketing automation software. These solutions allow enterprises to manage sales relationship and contacts, automate forecasting and the sales opportunity pipeline, conduct mass-customized communications, and track and manage large-scale custom email campaigns. The source code and documentation is free and available for download at http://www.relata.org About Stratabase Stratabase is a leading provider of Open Source CRM software and enterprise solutions, and is the original developer and primary sponsor of Relata software. Stratabase provides and maintains the infrastructure for its development community, a rapidly growing group of developers from around the world who have adopted Relata as the basis for a broad range of applications. Stratabase provides technical solutions to enterprises with a focus on Customer Relationship Management. Stratabase and Relata are trademarks of Stratabase Inc. All other trademarks belong to their respective holders. This announcement contains forward-looking statements which involve risks and uncertainties that include, among others, Stratabase's limited operating history, anticipated losses, risks related to Open Source software development, limited access to operating capital, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward- looking statements. More information is included in Stratabase's filings with the Securities and Exchange Commission which may be accessed through the SEC's web site at http://www.sec.gov.
SOURCE Stratabase.com Inc.