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A21, Inc. (1074436) SEC Filing 10-Q Quarterly report for the period ending Monday, March 31, 2008

A21, Inc.

CIK: 1074436

 
Exhibit 99.1
 


a21 Announces Fourth Quarter 2007 Results

JACKSONVILLE, Fl. — March 31, 2008 -
a21, Inc. ("a21") (OTCBB: ATWO), a leading online digital content marketplace, today reported its financial results for the fourth quarter and year ended December 31, 2007.

Revenue for the fourth quarter of 2007 was $6.1 million compared to $6.3 million for the same prior year period.  Total cost of sales for the fourth quarter of 2007 were $2.7 million, or 44% of revenues, compared $2.6 million, or 41% of revenues, for the same prior year period. Fourth quarter 2007 selling, general, and administrative expenses of $3.3 million were reduced by $1.7 million, or 34%, compared to the same prior year period through a continued focus on expense reduction. Depreciation expense was $617,000 and 762,000 for the 2007 and 2006 fourth quarters, respectively.  In the fourth quarter of 2007, the Company recognized $111,000 in restructuring expenses. In the fourth quarter of 2006, the Company recognized a $1.7 million extraordinary charge due to the impairment of intangible assets.

The net loss for the fourth quarter of 2007 was $1.1 million, or $0.01 per fully diluted share, compared to a net loss of $4.0 million, or $0.05 per fully diluted share, for the same prior year period. At December 31, 2007, the Company’s cash position was $2.1 million and working capital was $1.5 million.

 
Ex. 99.1 Page 1

The following information was filed by A21, Inc. on Thursday, April 3, 2008 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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A21, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2008 10-K Annual Report includes:

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SEC Filing Tools
CIK: 1074436
Form Type: 10-Q Quarterly Report
Accession Number: 0001074436-08-000012
Submitted to the SEC: Thu May 15 2008 1:55:02 PM EST
Accepted by the SEC: Thu May 15 2008
Period: Monday, March 31, 2008
Industry: Business Services

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