$CBMJ Spikes Up 642% in Q1, Setting New Record Rev
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Posted On: 04/21/2021 10:01:02 AM
$CBMJ Spikes Up 642% in Q1, Setting New Record Revenues as Conservative Companies Scramble for Solutions to Mainstream Media Censorship
https://finance.yahoo.com/news/cbmj-spikes-64...00629.html
Powder Springs, GA, April 21, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- CBMJ Inc., through its operating subsidiary DeDonato Enterprises LLC, is reporting record revenue of $816K for the period ending 3-31-21. This compares to the quarter ending 3-31-20 of $127K. This represents an increase of 642%.
In addition, EBITDA of $67K is an increase of $45K over the comparable period of 2020.
The primary drivers of growth came from product sales of the company's flagship e-commerce site Store.flagandcross.com, expansion and rental of our email database, consulting services, advertising revenue from its news websites, and coffee sales.
"We are happy to have exceeded our goals for Q-1 2021. This start to the year puts us in a good position to build the business and increase our client relationships and services," stated President Brandon Vallorani.
CEO Mark Schaftlein added, "We now have two quarters of operations under our belt since the acquisition. While the environment for conservative companies remains challenging, the diversified services offered to our clients has allowed us to create opportunities for continued growth by providing solutions to these obstacles."
Conservative Broadcast Media & Journalism e-commerce sites Store.FlagandCross.com , www.thrashercoffee.com, MilitaryGradeCoffee.com, and www.valloranicigars.com continues to drive product sales while additional news websites, FlagAndCross.com, LibertyHub.com, and GreatAmericanPolitics.com, are poised to contribute additional ad revenue in 2021.
The Company also confirmed that it has plans this year to increase the distribution of its CEO’s television show “The Schaftlein Report” www.schaftleinreport.com, which focuses on political and economic issues of the day and provides a roster of 30 guest commentators a forum to express their views.
https://finance.yahoo.com/news/cbmj-spikes-64...00629.html
Powder Springs, GA, April 21, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- CBMJ Inc., through its operating subsidiary DeDonato Enterprises LLC, is reporting record revenue of $816K for the period ending 3-31-21. This compares to the quarter ending 3-31-20 of $127K. This represents an increase of 642%.
In addition, EBITDA of $67K is an increase of $45K over the comparable period of 2020.
The primary drivers of growth came from product sales of the company's flagship e-commerce site Store.flagandcross.com, expansion and rental of our email database, consulting services, advertising revenue from its news websites, and coffee sales.
"We are happy to have exceeded our goals for Q-1 2021. This start to the year puts us in a good position to build the business and increase our client relationships and services," stated President Brandon Vallorani.
CEO Mark Schaftlein added, "We now have two quarters of operations under our belt since the acquisition. While the environment for conservative companies remains challenging, the diversified services offered to our clients has allowed us to create opportunities for continued growth by providing solutions to these obstacles."
Conservative Broadcast Media & Journalism e-commerce sites Store.FlagandCross.com , www.thrashercoffee.com, MilitaryGradeCoffee.com, and www.valloranicigars.com continues to drive product sales while additional news websites, FlagAndCross.com, LibertyHub.com, and GreatAmericanPolitics.com, are poised to contribute additional ad revenue in 2021.
The Company also confirmed that it has plans this year to increase the distribution of its CEO’s television show “The Schaftlein Report” www.schaftleinreport.com, which focuses on political and economic issues of the day and provides a roster of 30 guest commentators a forum to express their views.
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