All About Debts

by Peter Shout

Debt Help WebTech Wireless, a provider of turnkey wireless solutions, reported a dramatic increase in revenue for the third quarter, climbing 58 percent to $2.9 million with a debt-free balance sheet.

Stamps.com Reports Third Quarter 2003 Financial Results Revenue Up 32% Year over Year; Customer Acquisition Momentum Builds SANTA MONICA, October 29, Stamps.com™ ( STMP) today announced financial results for the third fiscal quarter ended September 30, 2003. Third quarter revenue was up 32% versus the same quarter last year, and up 7% versus the second fiscal quarter of 2003. In addition, the company reported an increase in customer acquisition during the third quarter, particularly with higher value Power Plan customers.

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Stamps.com Reports Third Quarter 2000 Financial Results Company Makes Significant Cost Cuts; Expects to Save $30 Million Annually Through Recent Headcount Reduction SANTA MONICA, Calif. Monday, October 31, Stamps.com™ ( STMP), today announced that third quarter revenue was $4.2 million, an increase of 14 percent over second quarter revenue. cash charges was $38.5 million, or $0.80 per share based on the 48.3 million weighted average common shares outstanding. term investments ended the third quarter at $290.1 million, or $6 per share.

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Stamps. End 2000 Financial Results Company reports 26 percent growth in revenue over third quarter, with positive gross margin and continued focus on achieving profitability SANTA MONICA, Calif. February 22, Stamps.com™ ( STMP), today announced that revenue in the fourth quarter of year 2000 was $5.3 million, an increase of 26 percent over the third quarter of year 2000, while total revenue for fiscal year 2000 was $15.2 million.

Debt Settlement June 22, 2005 (AXcess News/SP) Burnaby British Columbia - WebTech Wireless (TSX.V: WEW, OTC: WEWWF), a provider of turnkey wireless solutions, reported a dramatic increase in revenue for the third quarter, climbing 58 percent to $2.9 million with a debt-free balance sheet.For the nine months ending, WebTech reported $7 million in revenue, which reflected a 49 percent increase over the same period last year and for the first time reported net income of $142,000 for the three month period and $203,000 for the nine month period.WebTech reported an increase in sales in all geographic segments, particularly in Canada. The company reported a 73% increase in that market with what it deemed "substantial" add-on orders from existing customers there.

Debt Free The company stated in its earnings release Wednesday morning that it would have shown even stronger results except for increased spending in research and development on product enhancements. Notably, WebTech said it had also expanded its sales force for North America and Europe during the third quarter.For such remarkable results, management oddly never commented on it. Instead, WebTech's CEO, Anwar Sukkarie, got on a soap box and preached about the wonderment of tomorrow that appeared to laud the company's plans of entering the long-haul trucking industry with its technology in a big way.

- ScanSoft, Inc. ( SSFT), a global leader of speech and imaging solutions, month fiscal year ended September 30, 2004. ScanSoft reported third quarter 2004 revenue of $42.3 million, a 29 percent increase over third quarter 2003 revenue of $32.9 million. On a GAAP basis, ScanSoft recognized a third quarter 2004 net loss of $5.9 million, or $0.06 per basic share, compared with a net loss of $3.7 million, or $0.04 per basic share, in the third quarter of 2003.

Consolidation Debt Service "The marketplace is undergoing significant restructuring with a recent trend of consolidation, which indicates the industry is forcing weaker competitors out while stronger ones are continuing to grow," said Sukkarie.While clumsy in its attempt to portray stellar results, WebTech did state that it was debt-free, which for a high tech company in a fast-paced arena like wireless communications is rare.

Company Consolidation Debt WebTech Wireless closed up Wednesday 1 cent to end the session at $0.80CA. Its 52-week hi is $0.85CA, which it struck in early June. Trading volume was 40,000 shares, on the mark for its 90-day daily trading average by a few thousand shares over the 34,728 reported at the close. While it is listed in the US Over-the-counter market, no shares traded.

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