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Jagged Peak, Inc.
3000 Bayport Dr, Suite 250
Tampa, FL 33607
 

FOR IMMEDIATE RELEASE

 

Jagged Peak, Inc. Announces Profitable First Quarter of 2010

• 28% Quarter to Quarter revenue growth
• 575% EBIDTA Increase

TAMPA, FLORIDA – Thursday, May 6, 2010 - Jagged Peak, Inc. (OTC BB: JGPK), a global provider of enterprise ecommerce, order management, and fulfillment solutions and services, announced positive financial results for the first quarter ended March 26, 2010.

Net revenues for the 13-week period increased to approximately $5.1 million, compared to approximately $4.0 million for the same period last year. The Company reported a net income of approximately $11,300, or $(0.001) per weighted average share, compared with a net loss of $147,400, or $(0.01) per weighted average share for the same period last year.

Paul Demirdjian, Chief Executive Officer of Jagged Peak, Inc. commented, "We are excited about our positive first quarter results and the current trends in the industry. The investments we did in 2009 and the increased sales momentum translated into a great first quarter and put Jagged Peak on track to have a very successful 2010. We see accelerated sales momentum in our industry as companies either are re-platforming their ecommerce and order management systems or entering the ecommerce channel. Our Total CommerceTM platform, marketing effort has been received positively and positioned us as a fully integrated, end to end service provider that can deploy its e-commerce technology and supply chain services globally in significantly less time than our competitors."

Andrew J. Norstrud, Chief Financial Officer of Jagged Peak, Inc., commented, "During the tough economic conditions of 2009, we were able to maintain our revenue and reduce certain general and administrative expenses through improved efficiencies. We expanded our North American distribution points in 2009 with two new locations in Canada, which management believes will become profitable in the fourth quarter of 2010. We are investing in our software and certain operational capital expenditures to improve our gross margin in 2010. We will continue to focus our Company on providing our customers with the best quality service, while continuing to maintain a lean operation."

About Jagged Peak, Inc.
Jagged Peak, Inc. (OTCBB: JGPK), is a global provider of enterprise commerce, demand management, and fulfillment logistics solutions and services. The Company's flagship product, EDGE (E-business Dynamic Global Engine), is a completely web-based software application that enables companies to automate and optimize order management, inventory and fulfillment business processes across multiple distribution points, customers, suppliers, and partners in real-time.

Jagged Peak serves a growing list of global clients in multiple industry segments including financial services, insurance, pharmaceutical, travel and tourism, automotive, manufacturing, and consumer goods. For more information, visit www.jaggedpeak.com.

Forward-Looking Statements
This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties. Factors that could cause actual results to differ materially from those predicted in any such forward-looking statement include our ability to continue to lower our costs, our timely development and customers' acceptance of our products, including acceptance by key customers, pricing pressures, rapid technological changes in the industry, growth of the market, increased competition, our ability to attract and retain qualified personnel, adverse changes in general economic conditions in the U.S. and internationally, risks associated with foreign operations and political and economic uncertainties associated with current world events. These and other risks are detailed from time to time in the Jagged Peak, Inc. periodic reports filed with the Securities and Exchange Commission, including, but not limited to, its report on Form 10-K for its fiscal year ended December 25, 2009.

Jagged Peak, Inc.
Consolidated Statements of Operations (Unaudited)

Jagged Peak, Inc. - Consolidated Balance Sheets

EBITDA



Company Contact:
Paul Demirdjian
Jagged Peak, Inc.
813.637.6900

Investor Relations Contact:
Andrew J. Norstrud
Jagged Peak, Inc.
813.637.6900

Media Contact
Vincent Fabrizzi, CSMO
Jagged Peak Inc.
3000 Bayport Drive, Suite 250
Tampa, FL 33607
(800) 430-1312

© Copyright 2010, Jagged Peak. All rights reserved.

     
©2010 Jagged Peak, Inc. All rights reserved.