Montvale, NJ, Jan 27, 2003 - SYS-CON Media announced today that the company ended its fiscal year 2002 with record revenues and earnings for the past nine years, since its inception. SYS-CON, a privately owned media company, publishes 10 monthly i-technology magazines - including Linux Business & Technology (bipad 02971) magazine announced last week at LinuxWorld - and produces international conferences and expositions, education programs, and leading i-technology Web sites.
"Economic conditions have been particularly challenging during the past two years," said Fuat Kircaali, founder and CEO of SYS-CON Media. "Like any other company operating in the technology and media sectors, we have been adversely affected by the stagnant economic conditions. However this did not prevent us from delivering our ninth record growth year in 2002. We introduced three new monthly magazines, in addition to our existing portfolio of world leading i-technology publications."
"In today's economy, triple-digit percentage revenue growth is an exceptional accomplishment," said Ray Lewis, Deloitte & Touche Technology, Media & Telecommunications Partner, earlier in 2002. "We commend SYS-CON Media for making the commitment to technology and delivering on the promise of market longevity. We are proud to honor SYS-CON as a Deloitte & Touche Technology Fast 50 winner for the second year in a row."
SYS-CON launched its latest i-technology magazine, .NET Developer's Journal this January and announced Linux Business & Technology magazine, to debut in May 2003. Two additional i-technology magazine titles will be announced in 2003. In addition, the company is focusing on international expansion for its popular magazines and conferences.
Entering into Consumer Markets in 2003
SYS-CON Media will be expanding into consumer markets with the June 2003 launch of "Million Dollar Homes" (bipad 02999) and the August 2003 launch of "International Yacht Vacations & Charters" (bipad 01878). Both of these consumer titles will be launched in partnership with Kircaali Media, Inc., a Lighthouse Point, Florida-based magazine publisher, specializing in luxury lifestyle consumer titles.
Each month SYS-CON Media reaches over half a million i-technology professionals through its specialty journals, magazines, books, conferences, and the SYS-CON interactive portal with its 87 Web sites at www.sys-con.com.
About SYS-CON Events, Inc.
SYS-CON Events, Inc. is the world's leading producer of i-technology developer conferences and expositions. SYS-CON Events' 2003 conference and expo calendar includes: JDJEdge 2003 East - International Java Developer Conference & Expo, colocated with Web Services Edge 2003 East - International Web Services Conference & Expo, XMLEdge 2003 East - International XML Conference & Expo, and .NET Edge 2003 East - International .NET Developer Conference & Expo which will take place March 18-20, 2003 at Hynes Convention Center in Boston, MA. Other events include June 3-5, in London, England; June 24-26, in Berlin, Germany; September in Hong Kong; and October in California.
All company and product names may be trademarks or registered trademarks of their respective companies in the United States and other countries. SYS-CON is independent of Sun, IBM, Microsoft, Oracle, BEA, Dell, and all other companies mentioned in this press release. XMLEdge International XML Conference & Expo is not related to XMLEdge by MobileQ, a platform for a complete wireless Internet infrastructure.
Contact: Mark Harabedian Company: SYS-CON Media Voice: 201 802-3027 E-mail: mark@sys-con.com
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