Cardinal Factor News Release

 Back To News 


Cardinal Factor Reports Annual Results

Toronto, Ontario - Thursday June 20, 2002

CARDINAL FACTOR CORPORATION (the "Corporation") is pleased to announce the results for the twelve months ending Jan. 31, 2002.

"Cardinal Factor completed an acquisition and launched our xguru, Inc. consulting services business during a very challenging year. We remain focussed on revenue generation through xguru, and have worked tirelessly to establish the company's position in the managed services and xml technologies marketplace " notes CEO Andrew Colebeck.

(Period ending January 31, 2002)


$ 291,349




$ 18,114


Net loss

$ (273,235)


Loss per share


Cardinal Factor identifies niche marketplaces to develop Internet application service technologies. Its xguru, Inc. consulting business provides corporate clients with managed services, xml expertise and web development. The corporation owns Inc., an online service for the take-out and delivery marketplace segment, and, an online gardening resource. Cardinal Factor Corporation operates in the small and mid-sized business management software marketplace through its wholly owned BWare Software Inc. subsidiary.

The current issued and outstanding capital of the Corporation consists of 19,725,216 common shares and 10,760,000 warrants exercisable at $0.10 per share for a period of two years ending July 28, 2002.

For more information, please visit or contact Mr. Andrew Colebeck, President & CEO at (416) 537-5645.


489 King Street West
Suite 100,
Toronto, Ontario, Canada.
M5V 1K4


Copyright ©2001 - 2002 Cardinal Factor Corp. All Rights Reserved.