LOS ANGELES, CA and CEBU CITY, PHILIPPINES -- (Marketwire) -- 06/25/09 -- SupportSave
Solutions, Inc. (OTCBB: SSVE) President & CEO Chris Johns today issued the
following letter to the company's shareholders:
Dear Shareholders,
You may have noticed our lack of press releases for the last few months.
This was NOT because of an absence of good news or positive developments.
We strive to invest in our business where it can be most effective. Rather
than putting out a press release every week, we invest that money in
advertising, so we can focus on executing our business plan and the growth
of our business. Our actions speak louder than words, but occasionally our
shareholders need reassurance, which is why I am writing this letter.
SupportSave has had an impressive track record of triple digit growth in
each of the last two years. Our revenue growth continues to be strong, for
the fiscal year ended May 31, 2009, we expect revenues approaching
$2,000,000, of that nearly $600,000 was in the most recent quarter. In fact
during the 4th quarter ended May 31, 2008, our EBITDA is expected to be in
the $200-250K range. We are gaining traction and scaling up in terms of
client size as our operational expertise increases and our sales and
marketing budget expands to correspond with our growth. We have a robust
pipeline of potential government and corporate clients worth $1-5MM
annually each.
Our larger cash flows have allowed us to reposition our company to attract
larger clients by purchasing full-page ads in major trade publications,
including Internet Retailer Magazine. We will be featured in an article in
the Buyer Guide released in July. One such contract win was a subject of
our last press release. The fastest growing Job website on the internet
completed ramping to 50 seats and is now planning to ramp to 100. At an
estimated annual value of over a million dollars this will continue to add
to our growth. We expect wins like these to continue to accelerate.
Here are a few highlights:
-- Revamped Website: We revamped our website and modified our marketing
strategy to attract larger clients. www.SupportSave.com is now our
corporate website tailored to the needs of larger more sophisticated
companies. We have competed the migration of all content from
SupportSave.com to www.OutsourcedEmployee.com to continue to our strategy
of making outsourcing affordable to small and midsized businesses though
this website.
-- Stock Buyback Program: As of today, we have repurchased 266,869 shares
on the open market and will continue to do so at our discretion until we
reach 500,000 shares.