Excellent WINR news: 300% EPS increase (.04) in Q2 over Q1 and they are just getting started. Their business model seems very sound.
(COMTEX) B: Winners Internet Network, Inc. Releases 300% Increase in
B: Winners Internet Network, Inc. Releases 300% Increase in Earnings
ST. AUGUSTINE, Fla., Jul 21, 1999 (BUSINESS WIRE via COMTEX) --
DavidC. Skinner, Jr., President and CEO of Winners Internet Network,
Inc. (WINR), announces WINR's second quarter earnings.
WINR received its second quarter interim financial statements from its
independent auditors this day reporting the following:
Total Revenue $809,265
Total Expenses 271,309
Net Profit $537,956
Net Profit Per Common Stock $ .04
Weighted Average Shares Outstanding 14,898,551
The Net Profit Per Common Stock earnings increased from $.01 reported
on WINR's first quarter interim financial statements to $.04 as
reported above on WINR's second Quarter interim financial statements.
This is a Net Profit increase of 300%.
Mr. Chad A. Millward has been appointed as a member of the Board of
Directors and Secretary of WINR. Mr. Millward is the Director of
Systems in WINR's European facility and is heavily involved with Mr.
Skinner in the full-time day-to-day operations of the overseas
operation. Further, Mr. Millward is instrumental in site and system
design not only for WINR but its venture into E-commerce. The current
Board and advisors of WINR met and agreed that Mr. Millward is ideal to
serve as a member of the Board of Directors and Secretary of WINR
because of his in-depth knowledge and ability to expand theprocessing
network. Ms. Kimberly A. Stein has resigned as a member of the Board of
Directors and Secretary of WINR to focus on her ongoing
responsibilities and duties with the CyberLink Group as her time and
efforts will be more directed in that capacity to mutually benefit both
companies.
Information contained in this news release other than historical
information should be considered forward-looking and is subject to
various risk factors and uncertainties. For instance, the strategies
and operations of Winners Internet Network, Inc. involve risks of
competition, changing market conditions, changes in laws and
regulations affecting these industries and numerous other factors
discussed in this release. Accordingly, actual results maydiffer
materially from those in any forward-looking statements.
Copyright (C) 1999 Business Wire. All rights reserved.
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CONTACT: Columbia Financial Group, Inc., 888/301-6271
WEB PAGE: businesswire.com
GEOGRAPHY: FLORIDA
INDUSTRY CODE: COMPUTERS/ELECTRONICS
COMED
INTERACTIVE/MULTIMEDIA/INTERNET
EARNINGS
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