Not a bad report for EWEB.....what do you think?
Euroweb Reports $.03 Loss for the First Quarter Of 1998 V's $.24 Loss for
Comparable Quarter in 1997
NEW YORK, May 21 /PRNewswire/ -- Euroweb International Corp. (Nasdaq Small Cap: EWEB - news) reported through
its Chairman, Frank R. Cohen, that sales for the first quarter ended March 31, 1998 were $435,368, an increase of 152% over
sales of $286,252 posted for the first quarter ended March 31, 1997. Net loss for the current reporting period decreased to
$166,351 or $.03 per share as compared to a loss of $697,115 or $.24 for the previous year.
Management sees the improving trend continuing.
The increase in revenues for the first quarter is the result of increased sales of managed lease access lines to business
subscribers.
Management believes that this increase of managed lease access lines will continue and that in addition increased revenues from
the Company's web site development, software development and discount fax divisions will commence in the third quarter and
going forward, which will make the Company profitable.
The Company provides International Internet access to approximately 150 managed leased line large corporate customers as
well as to a substantial number of dial-up business customers, complete graphic services including designing and hosting web
sites, value added services for its customers including developing databases, developing software for electronic commerce, and
discount FAX services.
EUROWEB INTERNATIONAL CORP.
CONSOLIDATED STATEMENT OF LOSS
(UNAUDITED)
3 Months ended 3 Months ended
March 31, 1998 March 31, 1997
Net Revenue $435,368 $286,252
Net Loss (166,351) (697,115)
Net Loss per share $(.03) $(.24)
Weighted average
Common Shares Outstanding 5,140,715 2,815,255
SOURCE: Euroweb International Corp.
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Euroweb International Corp (Nasdaq:EWEB - news)
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