Increased Website Traffic, Collections, and Revenue
DENVER, Oct. 8 /PRNewswire-FirstCall/ -- Disaboom (OTC Bulletin Board: DSBO, http://www.disaboom.com), the premier online community for people with disabilities, announced today preliminary financial results for the third quarter, which ended September 30, 2008 (not reviewed).
"Despite the current economic turmoil, we made solid progress in our revenues and collections during the third quarter, and continue to aggressively manage our expenditures," says J.W. Roth, Chairman and CEO. "In addition, given our current budget and financial projections, our cash reserves should last until at least August of 2009."
For the third quarter of 2008, Disaboom reports the following
-- 35 percent growth in revenues over the previous quarter, or
approximately $190,000 in online CPM advertising, sponsorship, and
-- A 200 percent increase in cash collections over the previous quarter,
including checks received on October 1, 2008, or approximately $385,000
-- A $3.2 million cash balance as of September 30, 2008.
-- An 80 percent reduction in online media/advertising expenditures versus
the previous quarter; 90 percent of the Company's total traffic in
September 2008 was organic; monthly unique visitors increased 50% from
August to September 2008.
-- A 20 percent reduction in total cash operating expenses versus the
Disaboom, Inc. was founded as a dynamic, diverse, and interactive
online community dedicated to constantly improving the way people with
disabilities or functional limitations live their lives. It also serves as
a comprehensive online resource not only for people living with such
conditions, but also for their immediate
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