|
|
Article: Infotopia Announces Year to Date Revenue Exceeds Seventy Two Million; Infotopia Achieves Positive Monthly Cash Flow.
- Article from:
- Business Wire
- Article date:
- August 16, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Business/Technology Editors
CANFIELD, Ohio--(BUSINESS WIRE)--Aug. 16, 2001
Infotopia, Inc. (OTC BB:IFTA) ("Infotopia" or the "Company"), today announced that as of July 31, 2001 the Company is exceeding $72,000,000 in revenue and approximately $3,500,000 in year-to-date profits. In addition, the Company has reached a point where its current products have reached a stage where they are cash flow positive. The current products provide enough cash flow to cover 100% of Infotopia's day-to-day expenses.
Ernest Zavoral, President of Infotopia stated, "It is very exciting to reach a stage where we have ramped up our infomercial campaigns to a point ...