ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

EXAG WisdomTree Issuer ICAV

10.522
-0.19 (-1.77%)
22 Jul 2024 - Closed
Realtime Data
Name Symbol Market Type
WisdomTree Issuer ICAV TG:EXAG Tradegate Exchange Traded Fund
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.19 -1.77% 10.522 10.46 10.582 10.594 10.594 10.594 142 22:50:09

The Experiential Agency Announces Year End Results and Provides Update Regarding Investor Relations Materials

23/04/2004 11:30pm

PR Newswire (US)


WisdomTree Issuer ICAV (TG:EXAG)
Historical Stock Chart


From Jul 2019 to Jul 2024

Click Here for more WisdomTree Issuer ICAV Charts.
The Experiential Agency Announces Year End Results and Provides Update Regarding Investor Relations Materials CHICAGO, April 23 /PRNewswire-FirstCall/ -- The Experiential Agency, Inc. ("XA" or the "Company") (Nasdaq; OTC Bulletin Board: EXAG) a major national event marketing firm that serves many Fortune 500 companies, reported its results for the year ended December 31, 2003. Sales revenue for the fiscal year ended December 31, 2003 increased $1,852,343 (or 51%) to $5,468,895 as compared to $3,616,552 for the fiscal year ended December 31, 2002. Cost of goods sold as a percentage of revenue for the year ended December 31, 2003 decreased to 46% of gross revenue at $3,388,816 as compared to 64% of gross revenue at $2,326,406 for the fiscal year ended December 31, 2002. Gross profit increased $789,933 or 61% from $1,290,146 for the year ended December 31, 2002 to $2,080,079 for the year ended December 31, 2003. Gross profit as a percentage of sales increased to 38% for the fiscal year ended December 31, 2003 from 36% for the fiscal year ended December 31, 2003. Income from operations increased $131,000 from a loss from operations of $75,283 to income from operations of $55,717. Net income increased $89,422 from a net loss of $75,138 for the year ended December 31, 2002 to net income of $14,284 for the year ended December 31, 2003. The substantial increase in revenues was due to new clients acquired in the New York and Los Angeles markets and additional projects with XA's current clients. The shift from a net loss to net income was due to the increased revenues and the decrease in cost of goods sold as a percentage of revenues. Financial highlights, in thousands of US dollars (except percentage and per share data), are: THE EXPERIENTIAL AGENCY CONSOLIDATED INCOME STATEMENT For the Years Ended December 31, 2003 and 2002 2003 2002 ------------ ------------ Revenues Sales $ 5,468,895 $ 3,616,552 Cost of goods sold Direst production costs 3,388,816 2,326,406 ------------ ------------ Gross profit 2,080,079 1,290,146 Administrative expense 2,024,362 1,365,429 ------------ ------------ Income from operations 55,717 (75,283) Other income and expenses Interest income (750) (1,561) Other expenses 42,183 1,416 ------------ ------------ 41,433 (145) ------------ ------------ Net Income (Loss) $ 14,284 $ (75,138) ============ ============ Earnings (loss) per share $ - $ - Average shares outstanding 37,383,336 35,987,003 "We are very excited about our financial results and our continued expansion both nationally and globally," stated Frank Goldstin, the Company's Chief Executive Officer. "We are embarking on an aggressive expansion plan which we believe will position XA as a leader in the event management industry," further stated Goldstin. Investor Relations Update The Company has been provided with investor relations materials prepared and distributed by a third party. The Company did not pay for the preparation and distribution of the materials that were prepared. Principals of the Company previously shared information about the Company with individuals in connection with a reverse merger transaction and there is information about the Company on its SEC filings. A third party made statements that shares in the Company could rise 400% and 500% during various time frames. The Company does not make any predictions regarding share price and disclaims any association or predictions regarding its share price made by third parties. The third party stated that the Company has "over $6 million in annual revenues" when in fact the Company had revenues of approximately $5.5 million for the year ended December 31, 2003. The third party computed various price/sales ratios and made comparisons based on 50.6 million shares outstanding, when the Company has approximately 58 million shares outstanding. In addition, the comparisons do not take into account the issuance of additional shares for acquisitions. The Company and its management did not pay for or approve the information prepared and released by such third party. The Company has seen an increase in volume in the trading of its stock and wants to advise investors to be cautious about the origin of information about the Company. Insiders of the Company are not buying or selling shares and they own only restricted securities. About XA The Experiential Agency, Inc. with offices in Chicago, Los Angeles, and New York, is a leading provider of event services for corporations, associations, and other organizations in the United States and internationally. The firm is vertically integrated to offer clients a single source solution for their business communications and event management needs. The firm's services include event marketing, design and production, meetings, conferences and trade shows, entertainment and show production, business theater, mobile marketing, audio/visual production, and logistics management. Additional information on XA can found at the Company's web site http://www.expagency.com/. In 2003, XA was ranked one of the "Top 50 Powerhouse Event Companies in the World" by Special Events Magazine, as well as one of the "Top Event Marketing Agencies" by Event Marketer Magazine. Today, XA is focused on taking major corporate meetings and product marketing events to new levels of audience experience through sensory marketing -- touch, taste, sight, sound, and smell. This sensory marketing capability enables audiences to "live the event" -- not just hear or see a business message. The XA team has been the creative force behind prestigious live, sensory events for clients such as McDonald's Corporation, Song Airlines, Salvatore Ferragamo, Vogue, W Hotels and ABN AMRO. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "will," "anticipated," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. The Experiential Agency, Inc. takes no obligation to update or correct forward-looking statements and also takes no obligation to update or correct information prepared by third parties that is not paid for by the Company. DATASOURCE: The Experiential Agency, Inc. CONTACT: Pat Gitt of Rubenstein Associates, Inc. Public Relations, +1-212-843-8038, for The Experiential Agency, Inc.

Copyright

1 Year WisdomTree Issuer ICAV Chart

1 Year WisdomTree Issuer ICAV Chart

1 Month WisdomTree Issuer ICAV Chart

1 Month WisdomTree Issuer ICAV Chart

Your Recent History

Delayed Upgrade Clock