UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities and Exchange Act
April 7, 2005
Date of Report
(Date of earliest event reported)
ALPHATRADE.COM
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(Exact name of registrant as specified in its charter)
Nevada 0-25631 98-0211652
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(State or other Jurisdiction of (Commission File (I.R.S. Employer
Incorporation or Organization) Number) Identification No.)
#1322 - 1111 West Georgia Street
Vancouver, British Columbia, Canada
V6E 4M3
(Address of Principal Executive Offices)
(604) 681-7503
(Registrant's Telephone Number)
N/A
(Former Name or Former Address if changed Since Last Report)
Item 9.01 Financial Statements and Exhibits.
(a) Financial Statements of Businesses Acquired.
None, not applicable.
(b) Pro Forma Financial Information.
AlphaTrade today announced that it has canceled a previously announced private
stock placement. It said existing cash flow is now adequate to finance its
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current marketing and business expansion plans without need for additional
capital.
In March 2005, the Company said it would be offering 5,000,000 shares of its
stock at $0.40 per share. However, it has seen continuing improvement in its
cash flow, which went from a negative cash flow from operations of $944,717 in
2003 to a negative of $52,713 in 2004. In the first two months of 2005, cash
flow from operations turned positive and totaled $100,000. The Company expects
it to be positive for all of 2005.
Spurring this improvement is strong growth in sales coupled with control of
expenses. AlphaTrade's revenue rose from $940,000 in 2003 to $1.92 million in
2004. Unaudited sales totaled $446,389 in the first two months of 2005,
equivalent to an annualized rate of nearly $2.7 million. Gross margins also have
been increasing, from 10% in 2003 to 31% in 2004, while the Company's net loss
has fallen to $2.06 million in 2004 from $8.36 million in 2003. AlphaTrade has
projected a gross profit of between $1.0 million and $2.0 million for 2005, up
from $599,000 in 2004, bringing it close to its goal of full profitability by
the end of 2005.
AlphaTrade CEO Penny Perfect commented, "The Company values its shareholders and
does not want to unnecessarily dilute shareholder equity. We have a number of
marketing initiatives in place right now and will be launching some new products
in the second quarter, so we are confident that our revenue will accommodate our
additional marketing expenses. Having turned cash flow positive we are now able
to finance our marketing and expansion plans for 2005 and beyond internally."
In other recent news, AlphaTrade announced a marketing partnership with the
USGFA, through which golf enthusiasts will be able to access the Company's stock
quote service in real time to monitor their portfolios while watching the 2005
Masters Tournament at Augusta National Golf Club. AlphaTrade also has recently
added new clients in Russia, Ukraine, Israel and China. Ms. Perfect noted that
the list of AlphaTrade affiliate sites has grown by 150 since the start of 2005.
(c) Exhibits.
None, not applicable.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the Registrant has duly caused this Report to be signed on its behalf by
the undersigned hereunto duly authorized.
ALPHATRADE.COM
DATED: April 7, 2005 /s/ Penny Perfect
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Penny Perfect, CEO
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