YP
CORP ANNOUNCES SECOND FISCAL QUARTER 2006 RELEASE DATE AND
GUIDANCE
March
30,
2006 - Business Wire, Mesa, Arizona - YP Corp (YPNT: OTCBB), a leading provider
of nationwide Internet Yellow Pages and related services, today announced that
it will report its second fiscal quarter financial performance for the period
ended March 31, 2006 on May 15, 2006. Further, the company is providing the
following forward guidance with regard to its key financial measures for that
quarter in the following ranges:
Net
revenues - $8.4 million to $8.8 million
Operating
income - $1.2 million to $1.3 million
Net
Income - $750,000 to $825,000
This
guidance represents substantial improvements in all measures from the first
quarter ended December 31, 2005 (during which the company installed a new senior
management team and Board of Directors), and from the same quarter in the
previous year. In this connection, Daniel L. Coury Sr., Chairman of the Board
and Acting CEO, commented, “I am confident that we can achieve this improved
performance based on the continued success of our cost containment programs,
expanded marketing methods, and the opening of new Local Exchange Carrier (LEC)
territories. We expect the expanded marketing methodology and LEC billing
ability to grow our billed listings substantially during the second quarter.
In
addition, we will continue to invest in the development of our website, continue
to expand our product offerings and continue the development of strategic
partnerships to add value for our customer base.”
About
YP Corp
YP
Corp.,
a leading provider of Internet-based Yellow Pages services, offers an Internet
Advertising Package ™ (“IAP”) that includes a Mini-WebPage ™ and Preferred
Listing through its Yellow Pages website at www.yp.com.
The
Company’s website contains listings for approximately 17 million businesses in
the United States.
YP
Corp.
also provides an array of other Internet services that complements its Yellow
Pages website, including an Internet Dial-Up Package ™ (dial-up internet access)
and QuickSite ™ (website design & hosting services).
YP
Corp.
is a longstanding member, exhibitor, and sponsor of the two major Yellow Pages
trade associations - Yellow Pages Association (YPA), the major trade association
of Yellow Pages publishers throughout the world, and the Association of
Directory Publishers (ADP), which mostly represents independent Yellow Pages
publishers. YP Corp. is based in Mesa, Ariz., and Las Vegas. For more
information, visit the website at www.yp.com.
Forward-Looking
Disclaimer
This
press release includes statements that constitute “forward-looking statements,”
which are often characterized by the terms “may,” “believes,” “projects,”
“expects,” or “anticipates,” and do not reflect historical facts.
Forward-looking statements involve risks, uncertainties, and other factors
that
may cause actual results, performance, or achievements of YP Corp and its
subsidiary to be materially different from those expressed or implied by such
forward-looking statements.
Forward-looking
statements speak only as of the date the statement was made. YP Corp. does
not
undertake and specifically declines any obligation to update any forward-looking
statements.
Contact
Information
Roger
Bedier
YP
Corp.
Investor
Relations
Ph:
480-654-9646 x1239
Fax:
480-654-9747