To all,
Here is to looking at the 52 week low/HIGH tomorrow and here's to getting ANYTHINGYOUWANT...dot com ;-)
Thanks Scott, Robert, and Cameron. Job well done!!!
Here's a press release we missed. Dated 2 July
Anythingyouwant.com
By CASEY HIBBARD Contributing Writer
In the very near future, the Internet will meet most of our shopping needs. We?ll visit virtual stores and malls where we can buy anything from computer equipment to health-care products.
And Anything Internet Corp. plans to live up to its name. Nearly anything that can be bought online ? and that makes sense to sell online ? Anything Internet wants to offer. In the fast-paced electronic-commerce industry, which accounted for more than one third of the U.S. economy?s growth between 1995 and 1998, the company is aiming for the top.
?We want to be the first e-commerce conglomerate out there,? said J. Scott Sitra, president and CEO of the company.
Currently, the Colorado Springs-based e-commerce company sells more than 201,000 computer hardware, software and peripheral products through its wholly owned subsidiary Anything Internet PC Corp. The products are sold on three separate storefronts: www.anythingpc.com, www.anythingmac.com and www.anythingunix.com.
The sites target business, educational and government buyers who can shop and purchase computers and peripheral items such as monitors, printers, software, modems, drives, video cards and more online. While consumers are welcome, Sitra said those sites focus on business customers.
?They buy something every month,? he explained.
Anything Internet?s aggressive approach to e-commerce includes plans to roll out new storefronts soon.
?We want to be part of everything, and by doing that we should be able to have better margins and less expense and risk out there,? he said.
Anything Internet will likely achieve such expansion through acquisitions and joint ventures, made more possible by the company?s initial public offering of its common stock, scheduled to take place on July 7, Sitra said.
It will offer 3,074,400 shares of common stock on the over-the-counter bulletin board under the symbol ANYI.
Due to new filing and disclosure requirements instituted by the Securities and Exchange Commission in January, the IPO was delayed by about six months. However, the company is one of the first, or possibly the first, to begin trading under the new rules.
?We?re incredibly excited about that,? he said.
Nearly two years ago, Robert Schick and Al Delisle founded the company. When looking for funding a year or so ago, the founders began talking with Banyan Corp., a Colorado Springs-based maker of cases and accessories for notebook computers. Banyan decided to invest in Anything Internet and brought on Sitra, then a consultant to Banyan, to assist with the deal.
Banyan assumed 26 percent ownership of Anything Internet, forwarded $200,000 to the company and crafted a restructuring plan. The plan created Anything Internet PC Corp. as a subsidiary and laid out plans to take the company public. Sitra assumed leadership of Anything Internet. Schick became chief technical officer of Anything Internet and president of Anything Internet PC Corp., while Delisle remained a company director and director of business management.
While many Internet companies have struggled to achieve profitability, Anything Internet is one of the only ones that is very nearly there, Sitra said. The company announced record results for its third quarter and nine months ended March 31. Revenues for the quarter were $751,934, an increase of 707 percent over $93,146 for the same period a year ago. The net loss for the period widened from $2,490 to
$125,925.
For the nine months, revenues were up 2,325 percent to a record $2,403,629 compared to $99,136 for the preceding year. Over the same period the net loss increased from $13,477 to $377,861. The company attributes much of the increase in net loss to increased staffing demands and the establishment of a Florida sales and support office.
Sitra said that sometime within the next year, the company will reach assets of at least $10 million, which will allow it to petition for its stock to trade on the Nasdaq exchange.
As an Internet company, Anything Internet saves money by not having to have much infrastructure, such as office space, because it doesn?t keep an inventory.
?We very rarely will ever have to touch a product,? Sitra said.
Anything Internet passes the savings of low overhead on to customers, who pay on an average of 5 percent to 20 percent less for items than they would in a typical office-supply store, Sitra said.
But Internet businesses have their unique challenges, as well. With the speed that at which e-commerce moves, it can be hard to keep up.
?The Internet is evolving so rapidly that you have to keep changing and adjusting your business plan almost on a quarterly basis,? Sitra explained. ?It?s a very intense and challenging environment.?
That means Anything Internet also must constantly keep up its technology. Sitra said the company has invested lots of time and money in its back-end system to ensure everything flows well.
?That?s our biggest asset,? he said.
The competition in the online arena is also tough, but Anything Internet is undaunted.
?I would like to see us as a leader out there,? Sitra said. ?The competition is very fierce in the computer business. Obviously, not all the companies are going to make it.?
?We?re further along than many and that?s a key advantage,? he said.
We welcome your comments and questions. E-mail casey.hibbard@csbj.com.
csbj.com
steve |
