XA Files 10Q Quarterly Report - Company's 3rd Quarter
November 20 2007 - 5:00AM
PR Newswire (US)
GROSS PROFIT INCREASES 29% TO $1.21 MILLION CHICAGO, Nov. 20
/PRNewswire-FirstCall/ -- XA, Inc., (XA) (OTC BB: XAIN), a major
national event marketing firm that serves many Fortune 500
companies, today filed its quarterly report for the fiscal quarter
ended September 30, 2007. Highlights -- Gross Profit for the third
quarter ended September 30, 2007 rose 29% to $1.21 million from
$937,867 in the same period a year ago -- EBITDA for the third
quarter ended September 30, 2007 was $150,993 Revenue for the
fiscal quarter ended September 30, 2007 dropped 0.8% to $2.00
million from $2.02 million in the same period a year ago. The
Company reported a net loss of ($84,583) or ($0.02) per share,
compared to a net loss of ($594,454) or ($0.15) per share for the
same period in 2006. Currently, the number of shares outstanding is
3,977,250 with approximately 1,800,000 shares in the public float.
Marketers spent an estimated $171 billion in event marketing in
2005, up 3% from the previous year. In addition, 96% of marketing
executives reported that they use events in their marketing mix
according to PROMO's survey of event marketing executives. (Source:
PROMO Magazine, April 2006) Investors may view the Company's 10QSB
filing at http://www.sec.gov/. About XA XA has offices in Chicago,
New York and Los Angeles from which it provides corporations and
highly visible brands with comprehensive event marketing, design
and production services. Since 1989, the XA team has been the
creative force behind prestigious, national projects for such
clients as The NBA, Disney, McDonald's, British Telecom, Song
Airlines, Eurex, Olympus, Salvatore Ferragamo, Vogue, W Hotels, ABN
AMRO and Emirates Airline. In 2003 and 2004, Special Events
Magazine ranked XA as one of the "Top 50 Powerhouse Event Companies
in the World." Forward Looking Statements This press release
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. In particular,
when used in the preceding discussion, the words "believes,"
"expects," "intends," "will," "anticipated," or "may," and similar
conditional expressions are intended to identify forward-looking
statements within the meaning of the Act and are subject to the
safe harbor created by the Act. Except for historical information,
all of the statements, expectations and assumptions contained in
the foregoing are forward-looking statements that involve a number
of risks and uncertainties. It is possible that the assumptions
made by management are not necessarily the most likely and may not
materialize. In addition, other important factors that could cause
actual results to differ materially include the following: business
conditions and the amount of growth in the company's industry and
general economy; competitive factors; ability to attract and retain
personnel; the price of the Company's stock; and the risk factors
set forth from time to time in the Company's SEC reports, including
but not limited to its annual report on Form 10-KSB; its quarterly
reports on Forms 10-QSB; and any reports on Form 8-K. XA, Inc. (OTC
BB: XAIN) takes no obligation to update or correct forward-looking
statements and also takes no obligation to update or correct
information prepared by third parties that is not paid for by the
Company. DATASOURCE: XA, Inc. CONTACT: Amanda Puck of XA,
+1-312-239-2370, Web site: http://www.expagency.com/
Copyright