Internet Commerce & Communications Post 51% Revenue Increase for 2000

Apr 02, 2001, 01:00 ET from Internet Commerce & Communications

    DENVER, April 2 /PRNewswire/ -- Internet Commerce & Communications
 (Nasdaq: ICCX), a national e-commerce/Web solutions and connectivity company,
 today is reporting that revenue for the year 2000 was up 51% over 1999, to
 $45.4 million.  Quarterly revenues of $11.0 million for the period ended
 December 31, 2000, were up 18% from fourth quarter of 1999.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20001130/LATH033LOGO )
     Gross profits for the year 2000 improved to $18.0 million, up 46% from
 1999.  Gross profit in the fourth quarter improved to $3.3 million, an
 increase of 41% from the comparable period a year ago.  The company also
 achieved a gross margin of 40% in the year 2000.
     The company took several one-time adjustments in 2000 that affected EBITDA
 negatively by $4.1 million, and affected the balance sheet negatively by
 $9.0 million.  These adjustments cleaned up the balance sheet, and will allow
 the company to focus on improving profitability in future years.
     IC&C reported an EBITDA loss per share of $1.00 for the year 2000, and had
 an EBITDA loss per share of $1.14 for the year 1999, a 14% improvement
 year-to-year.
     Douglas Hanson, IC&C's Chairman and CEO, said, "Our primary emphasis this
 year has been to improve our bottom-line financial results, and the results
 for the year 2000 prove our ability to meet and exceed our goals.  We continue
 to focus on our 5-point strategic action plan, and have announced several
 achievements during the past year.  We are on target to continue to meet our
 financial goals for the year 2001."
     Note -- IC&C has scheduled a conference call for 4:15 PM Eastern Standard
 time on Monday, April 2, 2001, that can be accessed through the company's
 website, www.iccx.net.  Click on the Investor Relations link, and then click
 on Conference Calls and Presentations.  The webcast is accessible at
 http://tm.intervu.net/template/smirror/ivtemplates/ccbn/2001/april/02/ipc-
 ccbn-iccx-04022001-45200-rl-8.ram.  The event can be heard live by dialing
 877.423.3896 and referencing Internet Commerce & Communications, and will
 subsequently be accessible as an archived file and text file transcript.
 
     About Internet Commerce & Communications
     Denver-based Internet Commerce & Communications is a national e-commerce
 and connectivity company focusing on Web solutions for small and medium-sized
 businesses.  The company specializes in e-business applications; consulting,
 hosting, co-location, and web solutions, including design and marketing; and
 high-speed access, including DSL service.  IC&C has annualized revenue of
 approximately $65 million and more than 130,000 customers nationwide.  The
 company wholly owns a shopping, e-commerce and portal site, www.webzone.com.
 For more information about IC&C, call (800) 411-6066, or visit www.iccx.net.
 
     This press release may contain forward-looking statements.  Although the
 company believes these statements are based on reasonable assumptions,
 differences between assumed facts and actual results can be material,
 depending on the circumstances.  For example, this announcement may not result
 in significant changes in the stock price for IC&C.  Investors should be aware
 of the important factors and risks that could have a material impact on future
 cash results and should refer to the cautionary statements sections of IC&C's
 periodic filings with the Securities and Exchange Commission, including its
 most recent forms 10-K and 10-Q (including filings made under ticker symbols
 RMII and INCC).
 
 

SOURCE Internet Commerce & Communications
    DENVER, April 2 /PRNewswire/ -- Internet Commerce & Communications
 (Nasdaq: ICCX), a national e-commerce/Web solutions and connectivity company,
 today is reporting that revenue for the year 2000 was up 51% over 1999, to
 $45.4 million.  Quarterly revenues of $11.0 million for the period ended
 December 31, 2000, were up 18% from fourth quarter of 1999.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20001130/LATH033LOGO )
     Gross profits for the year 2000 improved to $18.0 million, up 46% from
 1999.  Gross profit in the fourth quarter improved to $3.3 million, an
 increase of 41% from the comparable period a year ago.  The company also
 achieved a gross margin of 40% in the year 2000.
     The company took several one-time adjustments in 2000 that affected EBITDA
 negatively by $4.1 million, and affected the balance sheet negatively by
 $9.0 million.  These adjustments cleaned up the balance sheet, and will allow
 the company to focus on improving profitability in future years.
     IC&C reported an EBITDA loss per share of $1.00 for the year 2000, and had
 an EBITDA loss per share of $1.14 for the year 1999, a 14% improvement
 year-to-year.
     Douglas Hanson, IC&C's Chairman and CEO, said, "Our primary emphasis this
 year has been to improve our bottom-line financial results, and the results
 for the year 2000 prove our ability to meet and exceed our goals.  We continue
 to focus on our 5-point strategic action plan, and have announced several
 achievements during the past year.  We are on target to continue to meet our
 financial goals for the year 2001."
     Note -- IC&C has scheduled a conference call for 4:15 PM Eastern Standard
 time on Monday, April 2, 2001, that can be accessed through the company's
 website, www.iccx.net.  Click on the Investor Relations link, and then click
 on Conference Calls and Presentations.  The webcast is accessible at
 http://tm.intervu.net/template/smirror/ivtemplates/ccbn/2001/april/02/ipc-
 ccbn-iccx-04022001-45200-rl-8.ram.  The event can be heard live by dialing
 877.423.3896 and referencing Internet Commerce & Communications, and will
 subsequently be accessible as an archived file and text file transcript.
 
     About Internet Commerce & Communications
     Denver-based Internet Commerce & Communications is a national e-commerce
 and connectivity company focusing on Web solutions for small and medium-sized
 businesses.  The company specializes in e-business applications; consulting,
 hosting, co-location, and web solutions, including design and marketing; and
 high-speed access, including DSL service.  IC&C has annualized revenue of
 approximately $65 million and more than 130,000 customers nationwide.  The
 company wholly owns a shopping, e-commerce and portal site, www.webzone.com.
 For more information about IC&C, call (800) 411-6066, or visit www.iccx.net.
 
     This press release may contain forward-looking statements.  Although the
 company believes these statements are based on reasonable assumptions,
 differences between assumed facts and actual results can be material,
 depending on the circumstances.  For example, this announcement may not result
 in significant changes in the stock price for IC&C.  Investors should be aware
 of the important factors and risks that could have a material impact on future
 cash results and should refer to the cautionary statements sections of IC&C's
 periodic filings with the Securities and Exchange Commission, including its
 most recent forms 10-K and 10-Q (including filings made under ticker symbols
 RMII and INCC).
 
 SOURCE  Internet Commerce & Communications