Earnings Call Excerpt
Bankrate, Inc. (RATE)
Q1 2006 Earnings Conference Call
April 25, 2006, 11am Eastern
Executives:
Thomas R. Evans, President and CEO
G. Cotter Cunningham, Senior Vice President and Chief Operating Officer
Richard G. Stalzer, Senior Vice President and Chief Revenue Officer
Bruce J. Zanca, Senior Vice President and Chief Marketing/Communications Officer
Analysts
Colin Gillis, Canaccord Adams
Youssef Squali, Jefferies & Co.
Mark May, Needham & Company
Stewart Barry, ThinkEquity Partners
Herman JJung, Deutsche Bank
Operator:
Welcome to Bankrate Corporation’s earnings conference call. My name is Tony and I’ll be your coordinator for today. At this time, all participants are in a listen-only mode and we will conduct a question and answer session towards the end of the conference. If at any time during the call you require assistance, please key star followed by zero and the coordinator will be happy to assist you.
I’d now like to turn the call over to Bruce Zanca, Sr. Vice President and Communications officer. Please proceed sir.
Bruce Zanca.
Thanks, Tony. Good morning everyone and thank you for joining us on this conference call to report Bankrate’s first quarter 2006 financial results. With me here in our NY office is the company’s President and CEO, Tom Evans and our new SVP and Chief Financial Officer Ed DiMaria. Let me take a minute to go over the format of the call today. First, Tom will give us the results and color on the quarter. Ed will then give us some detail on the financial results and then we’ll have plenty of time to answer the questions that you might have.
Before we begin, I need to take care of the legal prerequisites. Our lawyers have asked me to remind you that some of the statements made in this conference call, including those regarding the company’s future prospects and revenue growth, its ability to continue to reduce costs and successfully implement strategic initiatives, constitute forward-looking statements within the meanings of the security act of 1933, as amended in the security exchange act of 1934, as amended. The company intends that these forward-looking statements may be subject to safe harbor, created under the securities law. These forward-looking statements reflect our current views with respect to future events and financial performance but are subject to uncertainties and factors relating to the company’s operation and business environment which may cause the company’s actual results to be materially different from any future results.
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