IncrediMail Ltd. (MAIL) Forecasts $26 Million in Revenues as Performance Exceeds Expectations

QualityStocks would like to highlight IncrediMail Ltd. (NASDAQ: MAIL). IncrediMail is an internet company that develops customized, downloadable graphic consumer applications used to generate search related revenues and designs, markets and delivers high end personal desktop software. The company’s award winning e-mail client product, IncrediMail Premium, is sold in over 100 countries in 10 different languages. Other products include, HiYo a graphic add-on to instant messaging software, Magentic, a wallpaper and screensaver software, and PhotoJoy, software for presenting digital personal photos.

In the company’s news yesterday,

IncrediMail Ltd. increased its guidance for the current year. The company now anticipates 2009 revenues will exceed $26 million, and operating income will exceed $9 million. To compare, 2008 revenues were $21.9 million and operating income totaled $0.2 million.

According to the press release, the higher expectations are fueled by the continued growth in search generated revenues. IncrediMail believes that this growth, together with the improved cost structure, will result in a larger bottom-line as well.

Mr. Ofer Adler, Chief Executive Officer of IncrediMail, commented, “The first quarter results came in at the top of the range of our original expectations, and we expect the second quarter to show positive results as well, proving the sustainability of our growth and profitability. We continue to focus on our core business, as reflected by the recently announced extension of our contract with Google and at the same time, we are diligently controlling our expenditures while maintaining a lean and effective operation. We believe these efforts will result in continued top-line and bottom-line growth.”

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Forward-Looking Statement:

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