Got this today:
(spellcheck would be advised for them :0)
Stock of the Week
World InterNetWorks, Inc. (OTCBB: WINW)
Dear Invesorts:
This Week we would like to introduce you to another exciting growth company, World InterNetWorks, Inc. (OTCBB: WINW). With knowledgeable management that has over 25 years of experience behind them, and the extreme growth of small business on the internet World InterNetWorks, Inc. has the potential to become a great earnings company and a profitable addition to your investment portfolio.
Business
World InternetWorks, Inc. (Wiworks.com) is a leading provider of turnkey Internet services for small businesses including web hosting, web site design and maintenance, along with Internet marketing consulting services.
According to International Data Corp., sales on the worldwide web are expected to grow from $140 billion this year to over $1.5 trillion by 2004. The Small Business Administration reports that small businesses making significant use of the Internet enjoy nearly 40% greater average annual revenues ($2.72 million vs. $3.79 million) than their non-connected counterparts.
Wiworks.com designs and hosts effective, “intelligent,” fully interactive websites for its clients, providing domain name registration, merchant account services (enabling credit card billing), marketing assistance and valuable Internet real estate within the company’s Main Street Plaza online shopping mall.
Recent Highlights
Ø First Quarter revenues exceeded all of the prior fiscal year’s.
Ø Year-over-Year losses decreased by almost 80% from FY 99 ($0.74) to FY 2000 ($0.17).
Ø Cash position increased 225% in first quarter of FY 2001.
Ø Over-subscribed private placement will provide sufficient capital to fund operations well into next year.
Ø Strict cost-control measures are now beginning to be reflected in Wiworks.com financials as the company moves to profitability, expected by the end of the second fiscal quarter
Ø Recently announced marketing initiatives to the small business community have yielded a marked increase both in top line revenue and monthly revenue per member.
Ø Gross margins on the majority of services are well over 100%.
Growth
Wiworks.com expects to deliver 20% month-to-month top line revenue growth with relatively fixed expenses. The company’s gross margins remain excellent at well over 50%.
Selected Financials
Income Statement
For the complete income statement please visit:
stocksnetwork.com
Capital Structure
Price (as of 07/17/00) $1.25
Shares Outstanding 9,043,311
Insiders 58%
Estimated Float 6,546,000
52 Week H/L $3.75/$.50
Market Cap $10,128,508
Fiscal Year End February
Management
Steven K. Hansen, President, CEO, and COB: During the past 10 years, Mr. Hansen has served as a Financial Advisor for PaineWebber, Salomon Smith Barney and EVEREN Securities (now part of First Union Securities, Inc.). Mr. Hansen and his partner managed over $120 million of client assets. He also has extensive experience in the areas of money management, sales, marketing, administration and client services.
Randal L. Roberts, Board Member: Mr. Roberts is a Vice President and Manager of the International Banking Department of Wells Fargo Bank. He brings over 20 years experience in commercial lending and international operations to the Company. Mr. Roberts is responsible for hundreds of millions of dollars in international transactions. In his capacity as a commercial banker, Mr. Roberts has provided financial analysis of well over 2,000 different banks and corporations.
Gary S. Winterton, Board Member: Mr. Winterton is currently the Vice President of Ah-Ha.com an innovative search engine company based in Utah. He brings broad experience to the Company, including seven years with the Covey Leadership Center. Following his tenure with Covey Leadership Center, Mr. Winterton served as Vice President of a marketing/communications company which provided recruiting, training and motivational materials for the direct sales and network marketing industry.
Media/IR Contact: Company Contact:
TKO International World InternetWorks, Inc.
Al Turano Steven K. Hansen
303.850.7896 801.434.7517
tkoint@webaccess.net president@wiworks.com
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Factual statements in this publication are made as of the date stated and
are subject to change without notice. StocksNetwork.com is not responsible
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been paid $3,000 for electronic dissemination of this report by TKO International. This compensation
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