CIW Cert Owner Reports Profitable Quarter



CIW Cert Owner Reports Profitable Quarter
October 1, 2003 - p rosofttraining.com (Nasdaq: Poso), known to its Internet Webmaster Certification (CIW) certification scheme, reported profit in the fourth quarter of 2003 - profit for the first quarter of the company completed in two years.

Although revenue for the fourth quarter of fiscal year 2003, ending July 31, compared to 2.76 million US dollars was 4.34 million US dollars in the previous years fourth quarter, net income for the same period was 0.16 million US dollars compared to a net loss of 9.77 US dollars compared to the same quarter last year.

"Turnaround strategy, we have set up earlier this calendar year has resulted profitability and positioning, we are constantly improving our consolidated results and future prospects, "Robert g. gwin, prosoft chairman , president and CEO, commented that, in his statement: strategies mentioned above is implemented, the company closures find a buyer for some or all of the assets in the last year.

Although the companys second-quarter earnings and revenue for the 2003 financial year were 12.02 US dollars million people, compared with 17.92 million US dollars for the previous year. The company reduced its net loss of 2.31 million US dollars compared to 42.46 million US dollars for the 2002 fiscal year.

The companys cash balance at July 31, 2003, compared to 1.57 million US dollars, 1.63 million US dollars for the previous quarter.

Income fell to 2.596 million US dollars by the certification dollars, in 3850,00 ago. For the three months ended July 31, authentication income 660,000 US dollars, compared with 1.082 million US dollars in the same quarter of the year than the previous year.

Most of the companys revenues come from: 9,339 US dollars for the 2003 fiscal year, compared to 13,542 US dollars in 2002.

As for the future, gwin said, "We are focused on maintaining profitability and generate substantial revenue growth. Although we are actively seeking new sources of income , we are still in the advantageous position, from the need to improve Sino because of the economic value, we the contents of the Library and the tremendous leverage We have created our business model. In addition, the administrative costs will further reduce the number of efficiency improvements, including the planned relocation of the , our product development activities from Santa Ana That, California, in Phoenix, Arizona at the end of the first quarter of this fiscal year. " Prosoft also announced that its request continued listing on the Nasdaq small market shares will be listed on the Nasdaq as a designated eligible hearing panel on the October 2, 2003. As of this writing, the stock market was 0.53, and 52-week high of 0.66 US dollars.

For more information, please visit http://prosofttraining.com.

- Owen Nagel


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