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Revenue Rises, Losses Narrow at RareMethod

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NEW YORK RareMethod Capital Corp. this week posted a 21 percent revenue jump and narrower net losses for the 12 months ended June 30.

The Calgary, Alberta-based digital shop, which offers strategic and creative services to clients like Travel Alberta and Carriage House Inn, recorded revenue of $1.5 million for the period.

Net loss for fiscal 2003 was $226,011, or 2 cents a share, an improvement over a net loss of $720,062, or 7 cents a share, for fiscal 2002.

"Throughout fiscal 2003, we continued to implement our strategy of increasing revenue from existing clients and through acquisitions," RareMethod president Roger Jewett said in a statement.

During the period, RareMethod bought Advanced Information Marketing. It also took a 25 percent stake in Idea Machine, a Calgary-based interactive shop that has developed Web sites for marketers such as Coca-Cola, Kellogg's and Cadillac [IQ Daily Briefing, Jan. 14].

Jewett projected increased revenue and profitability in 2004.