QuoteMedia, Inc. (QMCI.OB) Reports Another Year of Growth
Today, QuoteMedia, Inc. reported its financial results for the fiscal year ended December 31, 2008. Revenues for the year increased 31% to $7,276,980 compared to the $5,569,107 reported for 2007. As of December 31, 2008, the company had a cash balance of $536,624, a $179,308 increase from the amount reported for December 31, 2007. For six consecutive years now, QuoteMedia has reported significant revenue growth for every quarterly reporting period. “2008 was another strong growth year for QuoteMedia”, commented Robert J. Thompson, Chairman of the Board of QuoteMedia, Inc. “Even though global economic challenges and a significant weakening of financial…