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Sitebrand Inc.

09:55 AM EST - Sitebrand Inc. : reported a net loss of $212,926 or $0.01 per share for the second quarter, compared to a loss of $564,330 or $0.03 per share in the prior-year quarter. The company noted that the reduced loss was a result of cost reductions including decreased staffing levels and improved operating efficiencies. Revenue for the second quarter decreased 18% to $462,135 from $564,987 in the previous year quarter. Sitebrand Inc. shares V.SIB are trading even at $0.05.