Despite another year of red ink, executives at CPA2Biz, the online marketing portal of the American Institute of CPAs, maintained optimism that the site's new features and a rising user base will keep the vehicle cash-flow positive, a trend that eventually will lead to profitability.
"We intend to remain cash positive," CPA2Biz chief executive Erik Asgeirsson told attendees at the institute's Fall Meeting of Council, here. "For Fiscal Year 2004, we have EBIDTA of $1.5 million."
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