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"The purchasing process is more efficient because I use shopping lists made from frequently used products. I don't have to jump around to several different sources and make several phone calls just to place a few small orders."
Michell Miles
CB Richard Ellis
| SiteStuff Breaks Through to EBITDA Profitability Company on Track to Achieve Net Income Profitability for 2003 AUSTIN, Texas - SiteStuff, Inc. ("SiteStuff"), the leading procurement solutions company for the commercial real estate industry, announced today that it generated positive earnings before interest, taxes, depreciation and amortization ("EBITDA") in March 2003 and continued to grow its EBITDA profitability in the month of April. The Company is on track to reach net income profitability this summer, and expects to be both EBITDA and net income profitable for the full year 2003. SiteStuff has experienced incredible growth in its business over the past two years, having processed over 200,000 Purchase Orders and facilitated nearly 2,000 Services Requests for Proposals ("RFPs"), representing over $55 million of Services contracts. "We are very excited about our accomplishments towards driving product, services and process cost savings to our clients," states Bill Sullivan, SiteStuff's CEO. "We have completed our transition from a start-up to a viable and rapidly growing full-service Procurement Solutions Company. The dedication and determination of our people, as well as the tremendous support of our clients, suppliers and service provider partners have been the key drivers of our success." |
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