We would like to highlight DigitalPost Interactive, Inc. (OTCBB: DGLP). The company is a SaaS (Software as a Service) and application provider that delivers B2B and B2C digital media-sharing solutions that are both easy to offer and easy to use. The company's visually-stunning, user-friendly Web 2.0 technology gives consumers a single, engaging place online for permanently storing and sharing a lifetime of digital media and memories, connecting with family and friends, and keeping organized in today's digital world.
In the company’s news yesterday,
DigitalPost Interactive, Inc. (DGLP.OB) announced its second quarter 2008 financial results. The company recognized $144,200 in revenue for the second quarter 2008, a 438% increase when compared to $26,800 for the same period last year. The company also saw a 401% increase in the revenue for the six-month period ending on June 30. For 2008, the results were reported at $156,500, while $39,000 was reported in 2007.
The company tightened its belt and pursued methods aimed at reducing operating costs. DigitalPost managed to book costs of $873,000 for the six months ending June 30, 2008 compared to the $915,300 of expenses booked for the same period last year. While the company found ways to become more efficient in operations, DigitalPost continued to pursue other methods for improving their cash position. During the second quarter, the company managed to secure over $1.1 million in private debt and equity financing.
A closing look at revenue found that the primary contributing factors to the increase were an increase in subscribers and in professional services. The second quarter 2008 professional services revenue is reported at $85,100 compared to $10,000 for the same period last year. The 751% increase is related to the company signing several contracts with a well-known theme park. The company’s subscriber base jumped almost 400% from 1,152 at June 30, 2007 to 4,541 at June 30, 2008. Interestingly, the tremendous growth for the year is primarily from the company’s direct-to-consumer advertising campaign.
During the second quarter 2008, DigitalPost completed partnership agreements with Westgate Resorts and Kiddie Kandids. Westgate Resorts, the third largest timeshare company in the world, plans to launch a family website service for its 500,000 members and its potential clients. The site should be operational at all 28 Westgate Resorts in the fourth quarter of 2008. DigitalPost and Kiddie Kandids, the largest national children’s portrait studio in the United States, worked together to create a digital media-sharing service named OurFamilyLife.com which has a planned launch date of October 1, 2008.
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Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
