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PROFITguide | PROFIT 100 | Company Profiles
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PROFIT 100 Overview
PROFIE100 Rankings
v0 Profiler
ES,
Lombardi Media Corp. Rank: 54
«BANK >
Consumer-newsletter
1 Industry publisher
Location Woodbridge, Ont.
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President, CEO, or Owner Michael Lombardi
1995 Revenue ($) $922,272
2000 Revenue ($) $16,274,957
Growth Last 5 years(%) 1,665%
1995 Profit / (Loss)($) $97,894
2000 Profit / (Loss)($) $693,170
hice
1995 Employees 6 results 1
2000 Employees 90
subser
Exports ( % of 2000 Revenue) 54% (end wns.
Owners Select
Financing Chartered banks orall
Public stock neae
Canadian Venture Exchange |
(CDNX)
Web Site — [Link]
Lombardi Media Corp.
Buy a subscription, win the lottery. Sounds like a good deal. That's
the premise behind Lombardi Media Corp, which returns to the
PROFIT 100 at number 54. The Woodbridge Ont.-based company
was "started on a kitchen table” by a teen-aged Michael Lombardi
after he lost half his summer earnings on a bad investment. Now,
president and CEO Lombardi publishes consumer newsletters
written by industry experts that help subscribers manage their
finances. Topics include investing in the stock market, how to pay
less tax, how to start your own business, and, of course, how to win
lotteries. As a sideline, Lombardi Media Corp. also provides direct
marketing services for other companies. Lombardi attributes the
success of his newsletters to their low cost — between $40 and
$200 for an annual subscription. "It’s not like buying a fridge or a
car — people will buy my newsletter and somebody else’s
newsletter at the same time," he explains. "Our average investor
has $300,000 in the stock market, so if he spends $1,000 a year on
newsletters, it's nothing compared to what he’s investing.” All that
“nothing” adds up for Lombardi, though: revenues have grown by
1,665% over the last five years, reaching $16.2 million in 2000. To
sustain his company’s growth, Lombardi plans to continue to launch
new titles, He cites the successful launch six months ago of From ten
Business Opportunity, which shows readers how to start their own cunee
businesses. The company is now looking to enter the health field, scroened
and has recruited knowledgeable health-care professionals as ee
writers. urboye
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