Most Home Corp. Announces 2004 Results
Most Home Corp. (Most Home") (OTC BB: MHME), a rapidly growing leader in the Internet real estate services field, announces its results for its quarter (Q4") and fiscal year ended July 31, 2004 (fiscal 2004").
Vancouver, B.C., Canada (PRWEB) November 18, 2004 -- Most Home saw its revenues grow by 43.9% to $2,054,256 in fiscal 2004 compared to $1,427,717 in fiscal 2003. The Company reported a net profit of $21,791, or 0 cents per share, on revenues of $614,821 for Q4, compared to a net profit of $52,878, or 0 cent per share, on revenues of $525,525 for Q4 of fiscal 2003. Most Home reported a net loss of $148,718, or 1 cent per share, compared to a net loss of $180,992, or 1 cent per share, for the 2003 fiscal year. Most Homes gross margin was $1,224,913 (59.6%) for fiscal 2004 compared to a gross margin of $902,823 (63.2%) for the 2003 fiscal year.
Mr. Ken Galpin, President and CEO of Most Home, stated; I am very pleased to see that once again our revenues have grown 40% or better over the previous year. We have been able this past year to add capacity and systems which should enable us to continue our revenue growth without significant cost increases." He went on to say that, While we had hoped to reach profitability this year, the rapid devaluation of the US Dollar significantly militated against reaching this goal. I believe, however, that the year ahead of us holds much promise. The recent engagement of iCapital Finance should assist us in attracting additional investment which will allow us to expand the scope of our activities in the US market. In addition, the retention of Net Results Consulting, which specializes in marketing technology to real estate brokerages in the US, offers us the opportunity to finally achieve the desired penetration in that market for ClientBuilder."
Mr. Galpin concluded by saying, how proud he was of the efforts of the Most Home staff this past year and how thankful he was for the support of the Companys shareholders.
For more information, see our financial statements for fiscal year ended July 31, 2004 filed on Form 10K-SB at www.sec.gov.
About Most Home
Most Home Corp. is a real estate services Company providing its ClientBuilder for Brokers technology solutions for agents, brokers and real estate franchises. Most Home's broker and agent web solutions, incorporating its proprietary lead generation, qualification and management system, represent the next generation in web service technology and customer relationship management.
Most Home Corp. also operates Most Referred Real Estate Agents Inc. Established in 1997; Most Referred® is a licensed real estate Most Home in B.C., Canada and is engaged in the business of acquiring and qualifying real estate leads for its network of over 5,000 peer-selected real estate agents in some 2,600 market centers across the United States and Canada.
Most Home Corp. maintains a corporate Internet site at http://www.mosthome.com.
Email: kgalpin@mosthome.com
On behalf of the Borad of Directors,
Ken Galpin
President - CEO
For More Information, Please Contact: http://investor.mosthome.com
For further information or to be included on our email update list, please contact:
Brad Long / Investor Relations
Most Home Corp.
Toll Free: 877-360-0988 (US & Canada)
Direct: 360-945-2490 (Pacific Standard Time)
Fax: 360-945-2491
Email: blong@mosthome.com
Website: www.mosthome.com
Certain information and statements included in this news release constitute "forward-looking'' statements within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the results, performance, or achievements of Most Home Corp. to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements.
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