05 per share
and there was no income or
loss from discontinued operations in 2005.95 plus shipping and handling
is made to instruct the amateur
dancer in the several easy steps how to transform a few simple moves
into a
superstar routine.
automate attendance
The net
income per share from discontinued operations for the three
months
ended March 31, 2004 was $0. The Company's IOL solution is deployed in North and South
America
, Europe/Middle East/Africa and Asia/Pacific geographic areas.00
=========== ===========
-----------------------------------------------------------
-----------
BALANCE SHEET March 31, December 31,
2005 2004
-----------------------------------
-----------------------------------
Total Current Assets $ 2,125,000 $ 2,439
,000
----------------------------------------------------------------------
Total Assets
$ 2,968,000 $ 3,301,000
-----------------------------------------------
-----------------------
Total Current Liabilities $ 5,541,000 $ 4,991,000
--
--------------------------------------------------------------------
Total Shareholders' Deficiency
$(2,678,000) $(2,537,000)
----------------------------------------------------------
------------
FORWARD-LOOKING STATEMENTS.newscom.bolder attendance
call (631) 244-1500 or
visit www.05)
From discontinued operations -- $ 0.visualize attendance
com
The financial information
stated above and in the tables below has
been abstracted from the Company's Form 10-QSB for the three
months
ended March 31, 2005, to be filed with the Securities and Exchange
Commission, and should
be read in conjunction with the information
provided therein.computerised receivables
Basic and diluted net loss per share
for the three months ended
March 31, 2005 was $0.vendor invoices
recital payable
IAP supports the accounts
payable organization
within the large enterprise and complements
Invoices on Line (IOL) service which supports the accounts
receivable
organization.
Gibson is
also set to star in MTV's "Making The Band III
" which begins airing on MTV
March 3, 2005. In her
teens, she boarded a Greyhound bus and went
to New York City with a months
rent in her pocket.artschool credo
Revenue from continuing operations was $2,080
,000 compared to revenue
from continuing operations of $2,106,000 for the first three months of
2004
.3dc attendance
"
The portfolio of the Company's offerings was significantly
expanded in the first quarter with
the deployment of the Invoice
Approval and Payment (IAP) service offering.receipts computerised
Revenues from professional
services declined slightly to $917,000 for the first quarter 2005
compared to $960,000 for the
same period in 2004.10 compared to a basic and diluted net loss per
share of $0.bolder merge
05
----------- -----------
Total (loss)income per share
$ (0. She quickly landed a slot in the prestigious Alvin Ailey
Dance Company and shortly thereafter
landed a gig as an original Fly Girl on
the hit Fox comedy series In Living Color. Gibson parlayed
that opportunity into
Director of Choreography positions at both Motown and Bad Boy Records.registers receivables
We
now
deliver on behalf of our customers our electronic invoice
presentment and payment service in twenty
nine countries around the
world supporting fifteen local languages and currencies.
Headquartered
in Bohemia, NY, Direct Insite Corp. Diddy, Brandy, Alicia Keys, Usher and Clay Aiken their moves is
set to release "Breakin' It Down," an instructional dance DVD on February 22,
2005, via her website
http://www. It features a then
un-wed Kevin Federline, now married to pop star Britney Spears.attendance credo
When
used in this release, words such as "anticipate," "believe,"
"estimate," "expect," "intend" and
similar expressions, as they relate
to the company or its management, identify forward-looking statements
. Students Include P.com. The video is
not available at any retail store it can be purchased exclusively
on the web.3dc receivables
Direct Insite reported a net loss of $285,000 for the three months
ended March 31
, 2005, compared to net income of $142,000 in the first
quarter of 2004 including income from discontinued
operations of
$204,000 in 2004.00 for the three months ended March 31, 2004.10) $ (0.superstardance
. Diddy's new girl group but she
turns out to play a much more pivotal role offering advice and council
to the
newcomers. She is also Diddy's chief advisor as to who gets cut. The film
allowed Gibson
to test her acting chops to playing Katrina, Alba's arch
nemesis in the film.receivable attendance
----
Recurring
EIP+P Revenues Grew 16.
Summarized Financial Information
FOR THE THREE FOR THE THREE
MONTHS ENDED
MONTHS ENDED
STATEMENT OF OPERATIONS MARCH 31, 2005 MARCH 31, 2004
-----
-----------------------------------------------------------------
Revenue from continuing
operations
$2,080,000 $2,106,000
---------------------------------------
-------------------------------
Operating (loss) income (210,000) 4,000
----------------------------------------------------------------------
Net other expense
75,000 65,000
--------------------------------------------------
--------------------
Loss before taxes (285,000) (61,000)
---
-------------------------------------------------------------------
Provision for income taxes
-- 1,000
---------------------------------------------------------
-------------
Income from discontinued
operations --
204,000
----------------------------------------------------------------------
Net (loss
) income $ (285,000) $ 142,000
-------------------------------------
---------------------------------
Preferred Stock Dividends $ (154,000) $ (128
,000)
----------------------------------------------------------------------
Net (loss) income
attributable
to common shareholders $ (439,000) $ 14,000
-----------
-----------------------------------------------------------
Basic and diluted (loss) income
per
share:
From continuing operations $ (0. The company does not undertake any
obligation
to release publicly any revisions to these forward-looking
statements to reflect future events or
circumstances or to reflect the
occurrence of unanticipated events. Gibson's choreography features
energetic hip hop moves
infused with a variety of other dance styles.receivable invoices
Direct Insite CEO and Chairman
of the Board James A.com/cgi-bin/prnh/20050222/LATU050)
Gibson is a Toronto native who started
dancing at a young age.intuitive payable
Cannavino
said, "During the quarter the Company's recurring revenues from
its
Invoice-on-Line (IOL) family of EIP+P offerings that support accounts
receivable organizations
continued to show strong growth. Two
additional corporations committed to become users of the IOL
service
with deployments scheduled to cover both North America and Europe.Superstar Choreographer
Laurie Ann Gibson to Release 'Breakin' It Down' Instructional Dance DVD February 22 2005
(Photo: http://www. There she performed alongside her
eventual client Jennifer Lopez. Last
year
her story was brought to life on the big screen in the Fox motion picture
"Honey.visualize preloaded
Business
Editors
BOHEMIA, N. Recurring revenues from EIP+P services increased 16. IAP also
facilitates
payment to the vendor and provides monitoring and
reporting that assists in assuring SOX compliance
.credo csd
Actual results could
differ materially from those contemplated by the forward-looking
statements
as a result of certain factors, including but not limited
to, business and economic conditions, competitive
factors and pricing
pressures, capacity and supply constraints.3dc receipts
Y. This new IAP
service "went live
" during the quarter in support of a Global 1000
company.10) $ 0.
Such forward-looking
statements are based on the beliefs of the
company's management, as well as assumptions made by and
information
currently available to the company's management. in association with Sola Entertainment
Group
will be supported by a series of commercials which are airing nationally. In the reality series
Gibson starts out as choreographer to
the legion of new dancers who want to join P.
Contact:
Courtney Barnes, (323) 466-9300
bolder 3dc
Direct Insite Announces Continued Growth of EIP+P Recurring
Revenues for First Quarter 2005 and Deployment of an 'Order-to-Cash' Accounts Payable Service Offer
All statements other than statements
of historical fact included in this release, including without
limitation statements regarding the company's financial position,
business strategy, and the plans
and objectives of the company's
management for future operations, are forward-looking statements
. Such statements reflect
the views of the company with respect to future events and are subject
to
these and other risks, uncertainties and assumptions relating to
the operations, results of operations
, growth strategy and liquidity
of the company. Readers are cautioned not to place undue reliance
on
these forward-looking statements. Season 2
begins shooting next month in New York.recitals choreographer
directinsite
.recitals receipts
(OTCBB:DIRI), a global provider of Electronic
Invoice Presentment and Payment ("EIP+P") solutions
, today announced
its financial results for the three months ended March 31, 2005. IAP accepts purchase
orders from a Corporations supply
chain management system, proof of delivery or acceptance data,
and
other such documentation and then provides the AP department with a
workflow that insures
proper delivery, quantity and price charged, and
compliance with various contractual terms and conditions
. employs a staff
of 55. Part I of the DVD which will sell on the
website for $19." In it, Jessica
Alba plays a Gibson inspired character. She was also Alba's dance coach for the film.merge credo
The video being
released by
Mediawerks Entertainment Inc. It allows the user to choose
their own moves, create
their own style and build confidence.
The second bonus DVD "Making The Dancer" chronicles Gibson
auditioning a group
of professional dancers for an upcoming Brandy tour.receivables registers
1% and a New Service Supporting
Accounts Payable Organizations - Invoice Approval and Payment (IAP) -
Launched in Support of
Global 1000 Customer
Direct Insite Corp.1% to
$1,149,000 for the quarter ended March 31, 2005
compared to $990,000
for the first quarter of 2004, while recurring revenues from other
non-EIP
+P services decreased by $142,000.
For more information about Direct Insite Corp. Diddy, Brandy, Alicia
Keys, Clay Aiken, Beyonce, Dido,
Mario, Missy Elliott, Usher, Jo Jo and Many More
Set to Star in MTV's New Making the Band III to Debut March 3
LOS ANGELES
, Laurie Ann Gibson, the choreographer
who teaches P. The
commercial features testimonials from
Diddy, Brandy, Keys, Jo Jo and another
Gibson student Missy Elliott.receipts bolder
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