Nearly four years after its debut, CPA2Biz, the online portal of the American Institute of CPAs, is projecting that the Web vehicle will turn a profit in 2006.
"We had two profitable quarters this year,"CPA2Biz chief executive Erik Asgeirsson told WebCPA during the Spring Council meeting of the American Institute of CPAs, here. "And we've reinvested some $1.5 million back into the business. Look how many quarters it took Amazon to show a profit. If our goal was to become profitable as soon as possible, we wouldn't be doing that. We've been cash-flow positive for two years."
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