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Karma Media Announces 2003 Revenue Outlook
Company Expects Fiscal Year 2003 to Show a Net Profit
LOS ANGELES, Dec. 22 /PRNewswire-FirstCall/ -- Karma Media, Inc. (BULLETIN
BOARD: KRMA) today announced it expects results for its latest fiscal quarter
and entire fiscal year 2003 to show a net profit. The Company also expects its
fourth quarter revenues to almost triple over the previous quarter.
"Year 2003 has been one during which we started creating awareness and
acceptance of Karma Media's cause-related marketing model among merchants and
consumers. At the same time, we have laid the groundwork to sustain our
aggressive growth in the year 2004 and beyond," noted Dominique Einhorn, Karma
Media's President and CEO.
"We are excited to grow a business where increased sales for our merchant
clients and increased revenues for us as a company translate into automatic
contributions for the charitable causes we support," added Estelle Reyna, the
company's Chairperson. "We are currently in negotiations with many new
companies and expect to sign on many new merchants during the first quarter of
2004. We plan on capitalizing on the growth of e-commerce as an industry and
the increasing awareness among merchants that being responsible corporate
citizens not only adds brand value, but directly contributes to the bottom line
in terms of sales and earnings."
In January 2004, Ms. Reyna will appear in a thirty-second television commercial
airing on First Business, a leading nationally syndicated morning business
program. The spots are scheduled to appear Monday, January 5, 2004 through
Friday, January 30, for a total of twenty airings. First Business airs just
before the stock market opens in one hundred and eleven markets nationwide.
About Karma Media
Karma Media, Inc. is a cause-related technology marketing company. The Company
has developed a marketing model that involves consumers, businesses and
charities in a concept where one contributes to the benefit of the other in
complete symbiosis. Karma Media's primary offering is a proprietary customer
acquisition model that takes the guesswork out of a merchant's marketing budget
by providing full accountability to the client on the back of a straight pay for
performance business model. The power of the Karma Media concept resides in the
fact that each participating merchant systematically opts to "give back" a
portion of all gross sales generated to a designated charity.
Certain statements in this news release may contain forward-looking information
within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6
under the Securities Exchange Act of 1934, and are subject to the safe harbor
created by those rules. All statements, other than statements of fact, included
in this release, including, without limitation, statements regarding potential
future plans and objectives of the company, are forward- looking statements that
involve risks and uncertainties. There can be no assurance that such statements
will prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements.
DATASOURCE: Karma Media, Inc.
CONTACT: WestPac Communications, +1-480-776-0304