PNI Digital (OTC:PNDMF) Posts $5M in Revenue

Oxford, MS 5/27/2011 (PennyPayDay) -- PNI Digital Media (OTC:PNDMF), a provider of digital media solutions for retailers, announced yesterday, in a press release, financial results for the second quarter of Fiscal Year 2011. Revenue for the quarter was $5.0 million.

Fiscal 2011 Second Quarter Financial and Operational Highlights:

-- Transacted 3.6 million orders over the PNI Digital Media Platform, a 10%
increase compared to the second quarter of Fiscal 2010
-- Revenue of $5.0 million, compared to $5.3 million in second quarter of
Fiscal 2010
-- Transactional revenue of $3.5 million, compared to $3.7 million during
the second quarter of Fiscal 2010 Transaction fees represented 69% of
total revenue for the quarter, consistent with the same period last year
-- Non-GAAP adjusted EBITDA(1) of $(0.1 million), compared to $1.0 million
during the same period last year
-- GAAP net loss after income taxes of $852,000 for the quarter
-- The Company extended its agreement with Costco for an additional five
year term through 2016
-- More than 700 promotions were offered over the PNI Digital Media
Platform during the quarter

"Our second quarter is historically our weakest and this year was no exception," said Kyle Hall, Chief Executive Officer of PNI Digital Media. "We were happy to announce our contract extension with Costco through 2016 and look forward to announcing more customer news as we are able."

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