Mail.com's Revenue Jumps 510 Percent in Fourth Quarter
The company attributed the revenue growth in part to its continued expansion into the business messaging market. Business messaging revenues represented approximately 20 percent of total fourth-quarter revenue. Mail.com chairman/CEO Gerald Gorman said in a statement, "1999 was an outstanding success in many respects. Advertisers and e-commerce participants have quickly recognized the unique capabilities we bring to their business. As a consequence, revenue from these sources has grown organically over 500 percent in just three quarters."