This just came out...10-k won't be ready for a bit but I like the fact that the company is giving us a heads up.
Now add this to the 3rd qtr numbers (which follow today's release below) and you have a rapidly growing IT/Internet company PRODUCING COMPARITIVE AND SEQUENTIAL STRENGTH. Altho profits are in this release yet due to the necessity of the year end audit I believe the 4th qtr will be profitable...my opinion only....3rd was profitable as well. This is quite a pkg folks. The contract announcement at the tail end here is, in my opinion, indicative of what HYPD can and will deliver.
HYPD files so pls do your own dd...stock is trading at .84/1.03...top tick yesterday was a buck.
EDIT...two bids at 1.06...one offer at 1.12...
(PR Wires) DJ: HyperDynamics Corp. Fourth Quarter Revenues Up More Than
DJ: HyperDynamics Corp. Fourth Quarter Revenues Up More Than 300 Percent;
Company Will Report Second Consecutive Profitable Quarter
HOUSTON--(BUSINESS WIRE)--July 1, 1999--HyperDynamics Corp. (OTC BB:HYPD)
Thursday reported that unadjusted (unaudited) revenues were up more than
300%, exceeding $550,000 for the final quarter of 1999, vs. $180,000
(audited) for the final quarter of 1998.
The company credits its Internet related and electronic business
(e-Business) service contracts for its increasing success and expects to
report profitability for a second consecutive quarter.
Kent Watts, president, stated: "Our business plan as an Information
Technology Services Provider (ITSP) is just beginning to take hold.
Basically, HyperDynamics provides the power for information technology (IT)
to work effectively together by moving conventional business to e-Business."
Watts continued, "The demand for ITSP services is staggering. For example,
the business-to-business part of the e-Business industry by itself
(according to Forrester Research, Nasdaq:FORR) is projected to grow from $48
billion in 1998 to $1.3 trillion by the year 2003. HyperDynamics has
positioned itself to be able to capitalize on the opportunities in this
rapidly growing marketplace. These events give us great expectation that
future quarters' results will continue on a strong uptrend."
HyperDynamics is an information technology services provider (ITSP) that
maximizes its clients' return on their technology investment by moving
conventional business to e-Business, hosting IT on an outsource basis, and
externalizing the IT System of its clients to their vendors, partners, and
customers. HyperDynamics trades on the Over-the-Counter Bulletin Board
(OTC/BB) using the symbol HYPD.
Forward-looking statements in this announcement are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act of
1995. Investors are cautioned that all forward-looking statements involve
risks and uncertainty, including without limitation, the actual closure and
shipment of any sales orders disclosed herein, general technology market
conditions, competition and pricing. Please refer to HYPD's Securities and
Exchange Commission filing copies that are available off of HYPD's Internet
home page at www.hyd.net, as provided without charge, for additional
information.
CONTACT: HyperDynamics Corp. Houston
Kent Watts, 713/660-9771
Stock Enterprises (investor relations), Las Vegas
Jim Stock, 702/614-0003
12:37 EDT JULY 1, 1999
*** end of story ***
HyperDynamics Corporation Increases Net Through
Internet
First Profitable Quarter With Future Success Expected
HOUSTON--(BUSINESS WIRE)--May 19, 1999--HyperDynamics Corporation (OTC BB:HYPD - news) last week filed
its form 10QSB for the 3rd quarter ended March 31, 1999 showing positive results for the first time in recent history since its
reverse merger in August of 1996.
Kent Watts, President stated ''One big reason for the Company's positive results is its strategy to make the Internet a
centerpiece regarding its Information Technology services.
''For example, the Company's MicroData subsidiary has embraced the e-Business platform of Great Plains Software
(NASDAQ: GPSI - news). This is a key relationship that provides the foundation for the Company's e-commerce software
development and IT (information technology) hosting services which includes a strategic alliance with IBM (NYSE:IBM -
news) Global Services.
''The Company believes that the strategy for its MicroData Systems, Inc. subsidiary to focus its sales and marketing efforts in
these Internet-related areas will yield continued opportunities on an increasing basis.''
Additionally, he stated ''by fulfilling these strategic changes over the last year, the realization of our increased contribution
margins encourages our expectations for continued success in future periods.''
HyperDynamics Corporation, an Internet Technology Services Company, plans, designs, implements and maintains integrated
voice, video and data communications technology that maximizes a business's return on its technology investment.
The Company is developing Web-based software applications to provide a powerfully integrated e-commerce platform and is
continuing to develop its IT-hosting capabilities. HyperDynamics trades on the over the counter bulletin board (OTC/BB) using
the symbol HYPD.
For further Company information, visit the Company's Website at www.hyd.net
Forward-looking statements in this announcement are made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainty,
including without limitation, the actual closure and shipment of any sales orders disclosed herein, general technology market
conditions, competition and pricing. Refer to HYPD's Securities and Exchange Commission filing copies that are available off of
the HYPD's Internet home page at www.hyd.net, as provided without charge, for additional information.
Contact:
Stock Enterprises
Jim Stock, 702/614-0003
HyperDynamics Corporation Announces Major
E-commerce Contract With $100M+ National
Retailer
HOUSTON--(BUSINESS WIRE)--June 3, 1999--HyperDynamics Corporation (OTC BB:HYPD) announced today the
success of MicroData Systems, Inc., (its wholly owned subsidiary) in closing a significant Internet based e-commerce
development project with The Mattress Venture, LP of Houston, Texas.
The Mattress Venture, LP currently supports eighteen (18) separate franchises with approximately one hundred thirty (130)
franchised stores. According to Furniture/Today magazine, The Mattress Firm is currently the 46th largest furniture sales
organization and fastest growing bedding specialty retailer in the United States with projected annual sales in excess of one
hundred million dollars ($100,000,000). The initial project budget is estimated at $800,000 and may grow rapidly depending
upon the startup or acquisition of additional stores. From a technical perspective, the HyperDynamics' design utilizing the
Internet provides a unique approach in partnership with such industry leaders as Microsoft (Nasdaq:MSFT - news), Great
Plains Software (Nasdaq:GPSI - news), and Citrix Systems Inc.(Nasdaq:CTXS - news). Harry Briers, president of MicroData
Systems, Inc., stated that, ''We are delivering the first Web-based point-of-sale application that is fully integrated with
inventory, distribution, and financial accounting. Our design will minimize the cost and complexity at the store level. Stores will
only need a PC connected to the Internet in order to operate. The system will be easily scalable to meet the requirements of
almost any size organization.''
Kent Watts, president, stated that, ''HyperDynamics views this project as a core opportunity. We are proving that companies
that currently utilize expensive private networks can now have the option to leverage the real value of the Internet. As a result of
our approach, retail and many other industries that currently use older technology can save enormous amounts of money while
increasing their overall operating productivity. Additionally, we believe our timing to be in-line with the rapid development of the
Internet infrastructure around the world.'' Kent Watts further proclaimed, ''There is a tidal wave of change coming which is
monumental and of historical significance. Businesses today must learn to surf or they will drown.''
The unlimited potential for additional projects is exciting. As the premier Internet Technology Service Provider (ITSP),
HyperDynamics expects to develop an ongoing and recurring revenue base of Internet based projects and IT (Information
Technology) hosting services.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are
not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ
materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the
company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of
products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
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