To find a trainer in your area
visit our website at www.theknot.com, is
the leading online wedding
destination and wedding content provider to America Online, MSN and
Comcast
.
This release may contain projections or other forward-looking
statements regarding future
events or the future financial performance
of The Knot.
brides engagements
"Fit Wedding is a program designed to
help both the bride and
groom look their best on the big day," said John Preston, co-founder
of
Fit Wedding.9
million from $9. "We are pleased
to see compounded growth from an increase in our
advertiser base and
the average dollars that they are spending.
bride guru
com, email us at,
info@fitwedding
. The quarterly
gain in publishing and other revenue was lower than in recent quarters
due, in
part, to the timing of certain publications.com and
GreatGirlfriends.com and GreatGirlfriends.m.
superstitions showers
-- Wine tasting bars at wedding receptions are popular now, and some
couples even hire a wine
expert to help the guests. Fit Wedding has trainers located throughout the Phoenix
Metropolitan area
, making it easy and convenient for brides and grooms
to get started on the program.advice engagements
Below are her
tips to make weddings memorable. In addition, our website is increasingly
becoming a trusted source
of information for other important life
events of our members. The content we provide and the community
that
has formed on our message boards are key to both our recent
performance and the future growth
of our business," Mr.com database of eligible single men and driving
new women customers to purchase
site subscriptions. Participants
can also access the live broadcast over the Internet on the Investor
Relations section of The Knot website, accessible at
http://www.00)
=========================
Weighted average number of common shares
outstanding
Basic 22,410,542 21,829,044
=========================
Diluted
24,296,093 21,829,044
=========================
etiquette conscious
00 per basic and diluted
share, in the first quarter of 2004.
ABOUT THE KNOT, INC.
frugal meddling
Fit Wedding Launches New Professional Association at Arizona Bridal Fashion Debut and Wedding Services
Expo
Lifestyle Editors/Fashion Editors/Fitness Writers
PHOENIX----Fit Wedding, a new
service designed to help men and women prepare for their wedding day,
launched today at the Arizona
Bridal Fashion Debut and Wedding
Services Expo.
Business Editors/Financial Editors
NEW
YORK----
Reminder: Conference Call Today at 2:30
Dial-In
800-638-7172, ID# 5771123
The Knot, Inc.
The Knot also offers a diverse collection of wedding
planning
print publications.
Consolidated Balance Sheets
(in thousands)
March 31, December
31,
2005 2004
-------------------------
(Unaudited
) (Audited)
Assets
Current assets:
Cash and cash equivalents $3,442
$3,488
Short-term investments 19,250 19,550
Accounts
receivable, net 3,917 3,152
Inventories
1,297 1,411
Deferred production and marketing costs 319
269
Other current assets 714 726
-------------------------
Total current assets
28,939 28,596
Property and equipment, net 3,251 2,468
Intangible assets, net 9,208 8,634
Other assets
286 296
-
------------------------
Total assets $41,684 $39,994
=========================
Liabilities and stockholders
' equity
Current liabilities:
Accounts payable and accrued expenses $3,420
$4,181
Deferred revenue 7,313 5,910
Current portion
of long-term debt 43 43
-------------------------
Total current liabilities 10,776 10,134
Long term debt 153 153
Other liabilities
506 505
---------
----------------
Total liabilities 11,435 10,792
Stockholders
' equity:
Common stock 226 223
Additional paid
-in-capital 75,789 75,154
Accumulated deficit
(45,766) (46,175)
-------------------------
Total stockholders' equity 30,249 29,202
-------------------------
Total liabilities and stockholders' equity $41,684
$39,994
=========================
The Knot Inc.02 $(0.highlighting meddling
A light, fruit-forward
white wine such as Mirassou
Central Coast Chardonnay is ideal.com, unique referral-based online dating services
that offer singles
access to "pre-approved" potential suitors. The Knot produces a national publication, "The
Knot Weddings
Magazine" and publishes "The Knot Weddings," regional
wedding magazines in 16 U. Forward-looking
statements in this release are made pursuant to the safe harbor
provisions contained in the Private
Securities Litigation Reform Act
of 1995.emily etiquette
MODESTO, Calif.
GIFT IDEAS
--
A great gift for engagement parties or bridal showers is putting
together the couple's first wine
"cellar" by filling a wine rack with
different bottles of wine designated for special occasions.
Liu.S.bridal emily
com), a life stage media
company offering the premier wedding resource, today reported
financial
results for its first quarter ended March 31, 2005.02 $(0.superstitions knot
-- When couples are looking
for a good cost-cutting technique for the
beverage tab, cut the champagne toast and have guests toast
with the wine
that's been served to them. Choosing one with an
attractive label, such as Mirassou
Winery's sunburst, can eliminate the need
for gift bags. "We know that many people work extremely
hard to get
that 'just right look' as they move toward the happiest moment of
their lives. Liu
said.
In March, The Knot launched an exciting feature on its website,
The Knot TV, a new internet
broadcast channel that appeals to The
Knot's wedding-focused, web dependent enthusiasts.com, the
first online destination for the newly married audience, providing
couples in their first two
years of marriage with targeted
relationship advice, living and entertaining ideas, interactive tools
for daily life and a robust community of peers.engagements guru
Weiss arranges for the
servers to line up at the
entrance with beautiful flower-adorned trays filled
with glasses of wine, water and a signature cocktail
. When
asking attendants to be a part of the wedding, give them a bottle of wine with
a note that
reads, "A toast to our bridesmaids - thank you for being a part of
our wedding day. Just tie a beautiful
bow around the neck and attach a
personalized card.fitwedding.02 per basic and diluted share, as
compared to a net loss of $98,000 or $0. The Company also publishes a
wedding planning book trilogy
with Broadway Books, a gift book series
with Chronicle Books and produces a televised documentary
series on
The Oxygen Network and a Video On Demand (VOD) service for Comcast
Cable. It is routine
for internal projections and
expectations to change as the quarter progresses, and therefore it
should
be clearly understood that the internal projections and beliefs
upon which The Knot bases its expectations
may change prior to the end
of the quarter.superstitions feuding
com
"
THE KNOT'S RECENT HIGHLIGHTS
In January, The Knot acquired GreatBoyfriends.com are based on the premise
that everyone knows
a 'great catch' (an ex, his best man, her maid of
honor, a younger brother or sister, etc. markets
and "The Knot Real Weddings"
magazines in two additional markets.
Consolidated
Statements of Operations
(in thousands, except per share amounts)
Three months ended
March 31,
-------------------------
2005 2004
-------------------------
(Unaudited)
(Unaudited)
Net revenues:
Sponsorship and advertising $5,775 $3,961
Merchandise 3,386 3,220
Publishing and other
2,772 2,597
-----
--------------------
Total net revenues 11,933 9,778
Cost
of revenues 2,912 2,809
-------------------------
Gross profit 9,021
6,969
Operating expenses:
Product and content development 1,681
1,196
Sales and marketing 3,627 3,448
General and
administrative 3,118 2,267
Non-cash compensation
- -
Depreciation and amortization 281
197
-------------------------
Total operating expenses
8,707 7,108
Income from operations
314 (139)
Interest and other income, net 130 53
-------------------------
Income before income
taxes $444 $(86)
=========================
Provision for income taxes 35 12
Net income
$409 $(98)
=========================
Basic earnings per share $0.guru registries
, Celebrity wedding planner Mindy
Weiss
is well-known for creating ceremonies for ABC's "The Bachelorette"
Trista Rehn, Jessica Simpson and
Nick Lachey, Brooke Shields, Adam Sandler and
others. Try to avoid overly "oaked" Chardonnays."
-- Wine can also serve as a great gift from the bride and groom.
According to Kathi Gatelis, co
-founder and personal trainer,
"Brides and grooms have a lot to do to prepare for the big day.
Net
income was $409,000 or $0. The new service responds to the desire of The Knot's
engaged couples to
marry-off their single friends.com/au_corpoverview. Although these expectations may change, The Knot
will
not necessarily inform you if they do. Some of the factors that
could cause actual results
to differ materially from the
forward-looking statements contained herein include, without
limitation
, (i) The Knot's unproven business model and limited
operating history, (ii) The Knot's history of
losses, (iii) the
significant fluctuation to which The Knot's quarterly revenues and
operating
results are subject, (iv) the risks and related costs
associated with ongoing litigation, (v) the
seasonality of the wedding
industry and (vi) other factors detailed in documents The Knot files
from
time to time with the Securities and Exchange Commission,
including its recent filings on Forms 10
-K and 10-Q.bride showers
COST-CUTTING TIPS
-- A Chardonnay offered during the cocktail reception
will please most
everyone. We see this as a way to promote health and fitness in the
marriage
in more ways than one.
First Quarter 2005 Results
For the first three months of 2005,
net revenues grew 22% to $11. Its
award-winning website, TheKnot.grooms excerpt
FIRST IMPRESSION
-- The first thing guests look for at the reception is a beverage, which
truly becomes the
first impression of what's to follow."
-- Wine served during the reception will also make an
enjoyable wedding
favor that helps continue the memories."
Fit Wedding offers highly qualified
, experienced personal trainers
to help brides and grooms get in the best shape of their life for
the
wedding day. Partnering with
Multicast, The Knot is offering exclusive round-the-clock wedding
content leveraging Multicast's proprietary internet broadcasting
infrastructure.com), a life stage
media
company offering the premier wedding resource, provides over one
million new members a year
with comprehensive wedding planning
information, interactive tools and resources and wedding-related
shopping.
The Knot is based in New York and has several other offices across
the country.courtship meddling
Fit
Wedding is an association of professional personal
trainers that work together to help brides and
grooms to achieve all
of their fitness goals prior to their wedding day."
Fit Wedding's focus
is to help make sure every detail is perfect
on the wedding day, including the way the bride and
groom look and
feel. To access the webcast,
participants should visit The Knot website at least
15 minutes prior
to the conference call in order to download or install any necessary
audio software
.knot wedding
This adds an element of
elegance, and can serve as an icebreaker at the beginning of the reception
. Our
goal is to promote a program of long-term fitness that starts before
the wedding day and
becomes a part of an ongoing happy and healthy
marriage. The Knot's
intensely viral bridal community
is the perfect match for both growing
the GreatBoyfriends. The Knot has extended its brand to reach
every venue engaged
couples consult including bookstores, newsstands, nationally
distributed cable
television programming and the Internet.
The Knot recently launched its newlywed website, thenest
. Actual events or results
may differ materially from those contained in the projections or
forward
-looking statements.bridal wedding
GreatBoyfriends.,
ET on Wednesday, May 11, 2005, to discuss its
first quarter financial
results.00)
=========================
Diluted earnings per share $0.engagement guru
(NASDAQ: KNOT; www.8 million in the first
quarter of 2004.shtml.conscious engagements
And, because wedding planning can lead to a lot of stress,
fitness is an important
consideration to look at in preparation for
the event.The Knot Reports First Quarter 2005 Financial
Results; First Quarter Revenue Growth of 22% Includes 46% Online Advertising Gain
"As
a result
of the launch of our newlywed site thenest.
The Knot, Inc. The Knot's policy is to provide
its
expectations not more than once per quarter, and not to update
that information until the next quarter
.frugal wedding
theknot.
"The power of our brand to aggregate a highly sought after
audience continues to attract
increasing national and local
advertising dollars," said David Liu, CEO of The Knot.
REPLAY
INFORMATION
A replay of the webcast will also be archived on The Knot website
approximately
two hours after the conference call ends for a period of
two weeks and will also be available at
800-642-1687 reference
#5771123. (NASDAQ: KNOT; www. These statements are only predictions and reflect
the
current beliefs and expectations of The Knot.engagements frugal
Attach notes such
as, "Enjoy on your one-month
anniversary.
"Retail sales of wedding supplies have improved, but we are also
seeing a further
increase in the contribution to our bottom line from
the e-commerce side of our business due to operating
efficiencies we
instituted at our Redding, California warehouse facility during the
last half
of 2004, " continued Mr. In the second quarter of 2005,
The Knot is launching its new e-commerce
platform, which it expects
will improve the online shopping experience and product selection for
its members and their guests in the upcoming seasonally stronger
portion of the year for the sale
of wedding supplies.
"We continue to build our scalable and multiple revenue streams
within the
bridal market.com late in 2004
and our recent acquisition of an online dating referral service, we
are extending the relationship with our members and their friends from
courtship through the initial
years of marriage, life stages where
consumers spend billions of dollars each year.theknot.
The Knot, Inc.wedding manners
When choosing wine for gifts, take the
packaging into consideration
as well as the taste.) who is in the market for
true love.registries conscious
Celebrity Wedding Planner Provides Wine
Tips for the Reception
A glass of wine goes a lot further than a sip of
champagne. We put together
this program to help lend structure and
focus to the process so that their fitness goals of are met
without a
hassle and in a timely manner.
About Fit Wedding
Fit Wedding provides complete
fitness evaluations, a clear
definition of fitness goals, cardiovascular programs, strength
training
programs, nutrition consultation, bridal boot camps, and
personal and small group training. Revenue
from
national and local online advertising programs increased by 46% over
the prior year, while
revenue from merchandise sales and publishing
activities revenue grew by 5% and 7%, respectively
.
MAY 11 CONFERENCE CALL AND WEBCAST
The Knot will host a conference call with investors
at 2:30 p. Participants should dial in 800-638-7172 (ID# 5771123) at
least 10 minutes before the
call is scheduled to begin.Includes links to sites offering tips of wedding etiquette.
advice emily
A community sponsored library.
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