Justin Shimoon of Sitebrand. (Darren Brown, OBJ)

Gatineau's Sitebrand.com grew revenues by 16 per cent in its second quarter, following the company's reverse takeover by capital pool company Pretium Capital.

"Our successful fundraising and public listing will enable Sitebrand to aggressively increase its presence in the rapidly growing market for e-commerce personalization and marketing tools," said Sitebrand CEO Justin Shimoon in a statement. "This is the next step in our growth and acquisition strategy, as we move forward in cementing our category leadership."

Pretium, which completed its qualifying transaction by buying the online marketing solutions maker in May, said consolidated quarterly revenues for Sitebrand - now its wholly owned operating subsidiary - increased to $527,050 from $455,188 in the quarter. For the first half-year of 2008, revenues grew 13.9 per cent to just over $1 million.

Net loss for the quarter did increase significantly compared to a year earlier, to $828,391 or six cents per share, from $253,081 or two cents per share, due to higher transaction costs of $141,510 related to the reverse takeover as well as to a 73.5-per-cent hike in sales, marketing and support expenses to $504,187.

Pretium paid roughly $5.1 million in shares, plus options to buy 1,493,572 common shares of the corporation, to buy Sitebrand.

To read more about Sitebrand's plans, click Sitebrand plans public debut as online shopping market explodes.