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Praize Company Overview - Sections 7 & 8

7.0     Financial Summary

Currently, Praize.com finds itself in a positive financial position. The company enjoys a debt-free balance sheet, an increasing revenue stream, and a plateaued cost structure. Praize is now in a position to take advantage of the improving cost versus sales ratio.

8.0     Conclusions

Praize.com, over the two years, has grown into a leading Christian website while fulfilling its mission of being an all-in-one Christian community. Traffic to Praize has increased over these two years by almost 500% and continues to increase. We have developed a loyal membership that is expanding steadily because of word of mouth and our saturation into the major search engines. In a relatively short period of time, Praize.com has positioned itself as one of the top Christian sites on the Internet.

During this initial period, Praize.com has grown into a multi-faceted Christian portal with many new technologies ? including the Instant Messenger, Desktop and Toolbar ? that are unique to the Christian Internet. With the initial growth period completed and are now operating debt-free, Praize is well positioned to move into a new phase of expansion built on a strong base of users and features.

More and more North American Christians want quality websites to provide the resources, information and products with a Christian perspective. Praize intends to continue to work towards filling this niche. Tapping into this market should be lucrative to all, though we feel this is secondary to the main goals of our mission statement. We feel strongly that we have created a high profile company that will surpass all others providing essential services to Christians across the world.

 

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