A-21 Reports Financial Results . . .

Stock Asylum Staff Report
September 21, 2005

SuperStock's parent company has belatedly reported financial results for the second quarter of 2003, showing gross revenues of $2,327,000 and a net loss of $985,000.

A21, which owns and operates the Jacksonville, Fl, distributor of general stock photography, said revenues for the first six month of this year were $4,639,000, compared to revenues of $3,325,000 for the same period in 2004. Second quarter 2005 revenues were down $200,000 from the second quarter of 2004.

The company said it was late filing the quarterly results because of a change in auditors. Had it not filed by Sept 22, its shares of common stock could have been removed from the Over The Counter (OTC) Bulletin Board where the stock currently trades for about $0.21 a share.

A21 recently reported that it raised more than $1 million by selling seven million shares of common stock to Ahab International, Ltd., Ahab Partners and John Steffens.

Executives noted that, during the most recent quarter, SuperStock introduced Purestock, a new royalty-free brand. The new collection was launched in more than 100 countries. A second Purestock collection will be released this month with more releases scheduled for 2006.

In another matter, Corbis, the second largest stock photography distributor in the world, recently reported first half 2005 revenues of $111.5 million. Corbis is privately held by Bill Gates of Microsoft and, thus, is not required to divulge financial results. The Seattle, WA, company recently started reporting its financials, an indication that Gates may be considering taking the company public sometime in the future.

 

SuperStock can be found at: http://www.superstock.com

A21 is at: http://www.a21group.com

Corbis is at: http://www.corbis.com