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Bridges Announces First Quarter 1996 Results
KELOWNA, BRITISH COLUMBIA - April 25, 1996 - The Bridges Initiatives Inc. (ASE:BIT), one of Canada's foremost providers of career and life skills information via the World Wide Web, today announced revenues for the February 1996 quarter of $41,473. Net loss for the quarter was $169,172. During its first quarter as a public company, Bridges completed an Initial Public Offering of 1.7 million shares raising gross capital of $1,445,000. In conjunction with the IPO, Bridges also posted its shares for trading on the Alberta Stock Exchange under the trading symbol BIT. "The capital raised through our recent Initial Public Offering will be used to increase sales through aggressive marketing of the Career Explorer On-line service across Canada," stated Doug Manning, president & CEO, The Bridges Initiatives Inc.
ONLINE SERVICE LAUNCH AND NEW EDUCATIONAL SOFTWARE PRODUCT DEVELOPMENT First in The Personal Architecture CD-ROM series, The Architect was co-developed for the British Columbia Ministry of Education and their Career and Personal Planning (CAPP) program. The online service Career Explorer was introduced to post-secondary institutions and career employment centers through out Canada further expanding into new markets.
UNISYS DISTRIBUTION PARTNERSHIP SIGNED
ADDITIONS MADE TO THE BOARD OF DIRECTORS
1ST QUARTER OVERVIEW About Career Explorer The Career Explorer On-line Information service is delivered through the World Wide Web (Internet). Career Explorer features up-to-date resources that help young people and adults in transition prepare for the future. Updated daily, sixteen different types of articles, focusing on career information, self-assessment, skill development and the labor markets, are produced and made available to Career Explorer On-line subscribers. The on-line service provides the most current information about emerging employment opportunities and the necessary skills required to access the opportunities. Subscribers access Career Explorer On-line using either Netscape Communication's, Netscape Navigator 2.0® or Spyglass's, Mosaic® Internet browser.
About The Bridges Initiatives Inc.
Founded in 1994, The Bridges Initiatives Inc. employs 18 people in its Kelowna, B.C. office and has over 25 contract writers located throughout North America. For more information about the Career Explorer On-line Service, or other educational software products, contact The Bridges Initiatives at (604) 869-4200.
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