More News24/7 Exec Sees Profitability by 2001

24/7 Exec Sees Profitability by 2001

C. Andrew Johns, chief financial officer of 24/7 Media Inc., told financial newsnetwork CNBC he expects the company to become profitable in late 2001 orearly 2002, based on the company's current business mix.

C. Andrew Johns, chief financial officer of 24/7 Media Inc., told financial news network CNBC he expects the company to become profitable in late 2001 or early 2002, based on the company’s current business mix.

24/7 operates a large, global ad network and lately has branched out into direct marketing.

“It’s clear that we’re not making money today. . .we are investing right now for future growth,” Johns told CNBC.

Last month, 24/7 Media reported that revenue increased ninefold from the year-ago period. Its stock closed yesterday at 33 1/2.

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