eVision USA.Com, Inc. Reports a 44% Increase In Revenues and Increase in Net
Income
DENVER--(BUSINESS WIRE)--May 3, 2000-- eVision USA.Com, Inc. (eVision,
www.evisionusa.com , OTCBB:EVIS), is pleased to
report its financial results for the three months ended March 31, 2000.
Highlights of the quarter included an increase in revenues of 44%, over the
comparable prior year period, to $13,825,760. Net income for the quarter
was $1,885,016 or $0.06 per share, an increase of $2,122,094 or $0.07 per
share, over the comparable prior year period. Diluted earnings per share
was $0.03 for the quarter ended March 31, 2000.
The improvement in revenues and earnings are primarily attributable to an
increase in brokerage commissions, trading profits and realized gains on
sales of investment securities.
?We are extremely pleased with our financial performance throughout the
first half of fiscal 2000. We believe that the dramatic improvement in
revenues and earnings is an indication of our ability to execute our
strategic online objectives while maintaining strong financial performance.
We look forward to continued success in the second half of 2000, as we
continue to realize our goals,? stated Fai H. Chan, Chairman and Chief
Executive Officer of eVision.
Results for the six months ended March 31, 2000 included an increase in
revenues of $2,694,504 to $20,874,572 over the comparable prior year period.
Net income for the period increased by $1,836,167, or $0.06 per share over
the comparable prior year period, to $899,893 or $0.01 per share. Diluted
earnings per share was $0.01 for the six months ended March 31, 2000.
eVision is an integrated online solutions provider with consolidated
subsidiaries and significant equity investments operating within five
distinct divisions: eFinance, eServices, eCommunications, eInformation and
eMedical.
The statements included in this press release concerning predictions of
economic performance and management's plans and objectives constitute
forward-looking statements. These statements involve risks and
uncertainties that could cause actual results to differ materially from the
forward-looking statements.
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ir@evisionusa.com .
CONTACT: eVision USA.Com, Inc., Denver
Investor Relations Department, 303-860-6388
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