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ClickAction Announces Record Revenue Quarter
2000-07-27

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ClickAction Inc., a leader in permission-based email marketing services, announced record results for the quarter ended June 30, 2000. This is ClickAction's seventh consecutive record revenue quarter.

For the quarter ended June 30, 2000, ClickAction reported record quarterly revenue of $6.8 million, an increase of 39 percent from $4.9 million for the same quarter last year. ClickAction reported email marketing revenues of $2.0 million, an 82 percent sequential increase over the first quarter of 2000. ClickAction reported a net loss of $1.7 million for the quarter, or $0.14 per share, compared with a net loss of $105,000, or $0.01 per share, in the second quarter of 1999.

As of June 30, 2000, ClickAction has approximately $10.6 million in cash and cash equivalents and working capital of $12.2 million, up from $5.6 million in cash and cash equivalents and $5.8 million in working capital as of March 31, 2000. ClickAction continues to have no interest-bearing debt.

"In the second quarter, our Email Relationship Management (ERM) Division continued its rapid revenue and client growth -- and our SOHO Division had a good quarter as well. We also complete major upgrades to our ERM technology infrastructure and rolled out our next generation ClickAction ERM 5.0 service," said Gregory Slayton, president and CEO of ClickAction. "During the second quarter, we topped 200 ERM clients, signing over 50 new clients and partners including industry leaders such as Forbes and AGFA and leading ad agencies such as Carlson Marketing Group and Grey Direct. Our sales pipeline has never looked stronger. The email marketing industry is clearly experiencing explosive growth and we believe ClickAction is very well positioned to benefit from this growth."

For more information about ClickAction Inc., visit the Web Site.