Jacksonville, FL—November 15, 2004—a21,
Inc. ("a21") (OTCBB: ATWO), a leading online digital content
marketplace, today reported financial results for the third quarter and
nine-months ended September 30, 2004.
Gross revenue for
the third quarter of 2004 was $2.1 million, compared to $0 for the same
period last year. The increase in gross revenue reflects a21's
acquisition of SuperStock, Inc. in February 2004. Prior to the
acquisition, SuperStock generated gross revenue of $2.2 million for the
third quarter of 2003. Net loss for the third quarter of 2004 was
$928,000 or $0.02 per share, versus net loss of $456,000 or $0.02 per
share, for the same period in 2003. Earnings per share for the third
quarter of 2004 is calculated on the basis of 38.1 million weighted
average shares outstanding, compared to 18.3 million weighted average
shares outstanding for the same period last year.
Gross revenue for the nine-months ended September 30, 2004 was $5.4
million, compared to $0 for the same period last year. The increase in
gross revenue reflects seven months of sales following a21's
acquisition of SuperStock. Had the acquisition of SuperStock occurred
at the beginning of fiscal 2004, gross revenue for the nine-months
ended September 30, 2004 would have been $6.9 million. Net loss for the
nine-months ended September 30, 2004 was $1.7 million or $0.05 per
share, versus net loss of $1.1 million or $0.07 per share, for the same
period in 2003. Earnings per share for the nine-months ended September
30, 2004 is calculated on the basis of 34.0 million weighted average
shares outstanding, compared to 15.9 million weighted average shares
outstanding for the same period last year.
"During the third quarter, we focused on several key areas: 1)
upgrading and launching our new customer portal, SuperStock.com; 2)
expanding our base of over 900,000 images by adding new royalty-free
and rights-managed providers and images; 3) pursuing copyright
protection through our new affiliation with PicScout to track
unauthorized uses of our property; and 4) re-purposing non-core assets,
including subleasing our underutilized headquarter space for $3.5
million over six years," commented Albert H. Pleus, Chairman and Chief
Executive Officer of a21. "We look forward to the initiatives
undertaken this quarter contributing to the company's future growth."
About a21
a21 (http://www.a21group.com) is a leading digital content marketplace
for the professional creative community. Through SuperStock (http://www.superstock.com),
a21 provides images distinguished by the quality of their photographers
and attention to the customer experience. Together a21 and SuperStock
provide a new level of image access to the best photographers, artists,
photography agencies and customers in the business, offering a valuable
and viable choice in the stock image industry.
