BCCI - CBMJ's Revenue Grows 96% YTD Reporting $1.827M Through June of 2021 in Addition to Achieving Its First Ever Quarterly Sales Exceeding $1.0M
Powder Springs, Georgia - (NewMediaWire) - July 15, 2021 - CBMJ Inc. (OTC: CBMJ), through itsoperating subsidiary DeDonato Enterprises LLC and its recently acquiredbusiness Patriot Depot, is reporting record revenue of $1.827M for the first sixmonths of 2021. This compares to revenue of $932K for the same period in2020, a 96% increase.
Inaddition, CBMJ recorded the first ever quarterly revenue exceeding $1.0M in Q-2of 2021.
The primarydrivers of growth came from product sales of the company's flagship e-commercesite Store.flagandcross.com which accountedfor 49% of total quarterly revenue. Patriot Depot’s product income www.patriotdepot.com came in at 29% despite only being fully operational for 75% of the month.
The balanceof revenue came from CBMJs' email database, client consulting services,advertising revenue from news media and partner web pages, along with coffeeand cigar sales.
"Themonth of June saw the highest revenue in company history coming in at$452K. Equally as important, preliminary net income margins came inaround 8%," stated CBMJ CEO Mark Schaftlein.
PresidentBrandon Vallorani commented: "The integration of the Patriot Depot teamhas gone exceedingly well and our goal of achieving 7.0M in revenue over thenext 12 months is clearly within reach. Our goal for the remainder of the yearis to produce revenue exceeding $500K per month while achieving 10% Netmargins."
ConservativeBroadcast Media & Journalism e-commerce sites Store.FlagandCross.com , www.thrashercoffee.com , MilitaryGradeCoffee.com ,and www.valloranicigars.com continueto drive product sales while additional news websites, www.patriotdepot.com FlagAndCross.com ,and http://constitution.com/ arepoised to contribute additional ad revenue in 2021.
The Companyalso confirmed that it has plans this year to increase the distribution of itsCEO’s television show “The Schaftlein Report” www.schaftleinreport.com , whichfocuses on political and economic issues of the day and provides a roster ofmore than 40 guest commentators a forum to express their views.
AboutCBMJ: (CBMJ) Conservative Broadcast Media and Journalism is a DigitalMarketing Company based in Metro-Atlanta that specializes in reaching aconservative/libertarian/religious audience. Among other assets, CBMJ operatesnumerous social media accounts across several platforms with over 2 millionfollowers, owns an active database of over 12 million opt-in email subscribers,and publishes a network of 47 monetized political/news websites generating 10million page views per month. Some of the marquis sites include www.flagandcross.com ,and www.militarygradecoffee.com .The Company also maintains one of the largest collections of historicaldocuments on the web at http://constitution.com/ . In addition, CBMJ operates a brick-and-mortar coffee shop in Hiram, GA,and e-commerce websites including www.thrashercoffee.com/ , www.valloranicigars.com ,and an e-commerce portal at their primary site www.store.flagandcross.com/ .CBMJ now also owns the increasingly popular TV, radio, and social media segment"The Schaftlein Report" hosted by economic analyst and politicalcommentator Mark Schaftlein. https://schaftleinreport.com/
Forward-LookingStatements: This release contains forward-looking statements within the meaningof Section 27A of the Securities Act of 1933, as amended and Section 21E of theSecurities Exchange Act of 1934, as amended. All forward-looking statements areinherently uncertain, based on current expectations and assumptions concerningfuture events or future performance of the company. Readers are cautioned notto place undue reliance on these forward-looking statements, which are onlypredictions and speak only as of the date hereof. In evaluating suchstatements, prospective investors should review carefully various risks anduncertainties identified in this release and matters disclosed at www.otcmarkets.com .These risks and uncertainties could cause the company's actual results todiffer materially.
MarkSchaftlein
877-704-6773