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Cardinal Factor Reports Annual Results
Toronto, Ontario - Wednesday June 25, 2003
CARDINAL FACTOR CORPORATION (the "Corporation") is pleased to announce the results for the twelve months ending Jan. 31, 2003.
"Cardinal Factor has managed to increase revenues and lower expenses in a difficult business climate. The development of the xguru, Inc. consulting business remains our central focus. xguru, Inc. has found success in its services offering, and through the exposure gained in email campaign services, has broadened brand exposure at nominal cost" states CEO Andrew Colebeck.
12 months ended January 31, 2003
|Net Income (Loss)
|Net Income (Loss) Per Share
Cardinal Factor identifies commercial opportunities where Internet-based service technologies and managed services support can be delivered. The corporation's xguru, Inc. consulting business provides corporate clients with managed services, xml expertise and web application development. The corporation owns ReallyFastFood.com Inc., an online service for the take-out and delivery marketplace segment, and GardenSupply.com, 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 19,846,334 common shares.
For more information, please visit www.CardinalFactor.com or contact Mr. Andrew Colebeck, President & CEO at (416) 537-5645.
CARDINAL FACTOR CORPORATION
489 King Street West
Toronto, Ontario, Canada.