POCKETMAIL CASH FLOW POSITIVE FOR JUNE QUARTER
Australian Stock Exchange (ASX) Announcement
Sydney, Thursday 26 July 2001 - PocketMail Group Limited (ASX: PKT), leading worldwide provider of affordable mobile e-mail services, released its Statement of Cash Flows for the quarter ended 30 June 2001.
Financial Results
Receipts from customers for the quarter were $2.3 million, an increase of 323% over previous quarter. Subscription service revenue was $1.8 million, representing 78% of total revenue, and a 443% increase over previous quarter.
Net cash generated from operations in the quarter was $523K, compared to a net cash deficiency in the previous quarter of $1.46 million. Cash at end of quarter was $657K, with $0.5 million of loan facilities still available at today’s date.
Subscriber Base
The Company’s subscriber base now exceeded 50,000 worldwide, primarily in the U.S. and Australia.
Comments
PKT Chief Executive, David Marchant, commented, “during the quarter, we completed the acquisition of the world-wide PocketMail business. We expect that acquisition to make a significant contribution in the future.”
“The integration of the world-wide PocketMail business should deliver further increases in subscriber cash revenues next quarter. In addition, the Company continues to implement measures to reduce costs.”
About PocketMail Inc.
Corporate Backgrounder
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FOR IMMEDIATE RELEASE
Media Contacts:
David Marchant (CEO)
(408) 689-1241
San Jose, California
david.marchant@corp.
pocketmail.com
Richard Shaw (CFO)
+61 2 9955-0500
Sydney, Australia
richard.shaw@pkt.com.au
PR Contact:
Nanci Williams
Orloff/Williams
(408) 293-1791
About PocketMail:
Interactive Demo
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