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NetDragons.com is very please to announce that we are no longer in finical trouble. Just six months after we reported being in finical problems, owner and CEO David Wexler turned the company around. A small profit was shown in the month of July and we have hope that the advertising market will continue to improve. While NetDragons.com is out of the whirlpool that has sunk so many dot coms there could still be a second down draft in on-line advertisements. However, this does not look likely as ad revenue has been slowing climbing since it's low in April. The profit came because of a 40% drop in bandwidth costs with a slight 4.2% rise in revenue (sequential month basis).

Much of this month's strength was in strong sales of MagicTicker, our shareware product, and a good performance in ad revenue. Affiliate revenue continues to drop as our main affiliate network restructures itself. We continue to look for new sources of revenue in these tough times, but unlike most of our dot com brethren we are actually finding them.

We are still working on removing the clutter that has formed on many of our web pages. After this process is finished we will begin working on the remake of the Dungeon of Despair. We hope to have an early beta of the new Dungeon up by Mid September. If you have experience in creating 3d Isometric graphics for a tile based game engine and wish to help with the graphics, please contact David.

Total Revenue:+4%% Rvn
Ad Revenue:+6%82.1%
Affiliates:-31%7.4%
Shareware:+103%9.3%
Donations:-62%1.2%

We thank you for you continued patronage on our site and are glad you stuck with us through the tough times. With our finical troubles behind us we can now focus on creating great, and profitable, games.

NetDragons.com

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Last Updated Thu Aug 2 13:13:40 2001