Stratabase Announces Positive Net Income for Q1 2001

"Second Straight Quarter of Positive Net Income"



May 16, 2001, 01:00 ET from Stratabase.com Inc.

    ABBOTSFORD, BC, May 16 /PRNewswire/ - The profit potential of the Open
 Source business model was proven again today, with Stratabase's (SBSF: OTCBB)
 announcement of its second straight quarter of positive net income.
     "We are delighted to be able to announce positive net income and
 accelerated revenue growth for Q1 2001. We are pleased to be one of the only
 IT companies to show extraordinary sales growth over this period," said Trevor
 Newton, Founder & CEO, Stratabase.
     Stratabase, a leading developer of Open Source CRM and enterprise
 solutions, announced financial results for first quarter ending March 31,
 2001.
     Revenues for the first quarter of 2001 were $293,957 with positive net
 income, compared to $180,686 for the same period in 2000. The enhanced
 financial performance and increase in revenues has been primarily attributable
 to increased demand for Stratabase's CRM services and enterprise solutions.
     Commenting on the first quarter results, Trevor Newton stated "The
 business success we have demonstrated to date reflects positively on our
 revenue model. Our priorities for the rest of this fiscal year are to continue
 to grow our core business and expand the size and quality of our customer
 base. We believe we are well-positioned for continued growth as a leading
 provider of comprehensive enterprise-class CRM solutions."
     Stratabase's Open Source CRM software and hardware solutions are 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 and also through its parent site,
 http://www.stratabase.com
 
     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 is a trademark of Stratabase Inc. All other trademarks belong
 to their respective holders. This announcement contains forward-looking
 statements which involve risks and uncertainties. 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.
 
     Visit our website at http://www.stratabase.com
 
 

SOURCE Stratabase.com Inc.
    ABBOTSFORD, BC, May 16 /PRNewswire/ - The profit potential of the Open
 Source business model was proven again today, with Stratabase's (SBSF: OTCBB)
 announcement of its second straight quarter of positive net income.
     "We are delighted to be able to announce positive net income and
 accelerated revenue growth for Q1 2001. We are pleased to be one of the only
 IT companies to show extraordinary sales growth over this period," said Trevor
 Newton, Founder & CEO, Stratabase.
     Stratabase, a leading developer of Open Source CRM and enterprise
 solutions, announced financial results for first quarter ending March 31,
 2001.
     Revenues for the first quarter of 2001 were $293,957 with positive net
 income, compared to $180,686 for the same period in 2000. The enhanced
 financial performance and increase in revenues has been primarily attributable
 to increased demand for Stratabase's CRM services and enterprise solutions.
     Commenting on the first quarter results, Trevor Newton stated "The
 business success we have demonstrated to date reflects positively on our
 revenue model. Our priorities for the rest of this fiscal year are to continue
 to grow our core business and expand the size and quality of our customer
 base. We believe we are well-positioned for continued growth as a leading
 provider of comprehensive enterprise-class CRM solutions."
     Stratabase's Open Source CRM software and hardware solutions are 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 and also through its parent site,
 http://www.stratabase.com
 
     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 is a trademark of Stratabase Inc. All other trademarks belong
 to their respective holders. This announcement contains forward-looking
 statements which involve risks and uncertainties. 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.
 
     Visit our website at http://www.stratabase.com
 
 SOURCE Stratabase.com Inc.