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SmartBargains IPO Off

After reducing losses but failing to post a profit in 2004, SmartBargains announced it will cancel its proposed initial public offering. Just a few weeks ago the firm bumped its CEO up into the board and replaced him with board member Jim Held. SmartBargains revenues grew 22 percent to $92.2 million in 2004, posting a loss of $1.4 million.

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SmartBargains IPO Off

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