LiveWorld Announces 34% Revenue Growth Already Signed for 2005
LiveWorld Announces 34% Revenue Growth Already Signed for 2005
Full-Service Online Community Agency Shows Growth Momentum
LOS GATOS, Calif., Feb. 8 /PRNewswire-FirstCall/ -- LiveWorld, Inc. (Pinksheets: LVWD.PK. www.liveworld.com) today announced that as of January 31, 2005, it already has signed contracts in place for 2005 revenue exceeding 2004 by at least 34%.
The Company stated that it has signed contracts for at least $7 Million for 2005. Only one month into the new year, the amount represents a 34% increase over last year, or $1.8 Million in revenue growth already booked, with opportunity for additional upside included in the contracts. The $1.8 Million increase is approximately 70% of the entire revenue growth the Company experienced in all of Year 2004. (Year 2004 revenue grew $2.6 Million to $5.2 Million).
"Our financial momentum reflects the value we deliver to our Fortune 1000 clients," said Peter Friedman, LiveWorld's Chairman and CEO. "The increase in revenue comes from new and current clients, and demonstrates the underlying strength and annuity growth nature of our business model."
LiveWorld stated that it expects additional revenue growth for 2005. Profit is also expected to improve compared to 2004.
About LiveWorld, Inc.
LiveWorld is the leading full service online community agency that creates, operates, and manages loyalty marketing, customer support, and business intelligence communities based on the Company's unique community applications platform and strategic community model. LiveWorld solutions enable Fortune 1000 companies to strengthen customer relationships, increase revenues, and reduce costs. Clients include companies such as America Online, A&E Television Networks, BEA Systems, eBay, The Campbell Soup Company, Discovery Communications, Dove, HBO, Intel, MINI Cooper USA, PayPal, QVC, Slim-Fast, SUN Microsystems, The Walt Disney Company and Warner Brothers. LiveWorld is headquartered in Los Gatos, California.
NOTE: This press release contains forward-looking information concerning the Company's future expectations, forecasts, and prospects. These statements include those regarding the Company's current or future financial performance. Actual results may differ materially from those expressed in the forward looking statements made by the Company as a result of, among other things, the Company's ability to successfully deliver upon its contractual commitments, clients continuing their ongoing relationships with the Company, ability to acquire new customers, and other risk factors described in the Company's latest 10Q and 10K filed with the SEC. Financial information quoted in this release represents results that have not been audited or reviewed by an outside accounting firm and are subject to change upon such a review.
Source: LiveWorld, Inc.
CONTACT: Peter Friedman of LiveWorld, Inc., 800-514-2060
Web site: http://www.liveworld.com/
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