NEWS****************
TotalAxcess.com, Inc. Forecasts 150 Percent Revenue Increase in Q1; Company Exceeds Half-Million Dollars in Current Quarter Monthly Billing
Business Wire - August 04, 1999 08:38
OAKLAND, Calif.--(BUSINESS WIRE)--Aug. 4, 1999--TotalAxcess.com, Inc. (OTC BB:TXCI), today reported monthly billings for July 1-July 31 exceeded $575,000, representing an approximated 150 percent increase for the current quarter's revenue projection, over the Q4 revenue postings.
This represents a 404 percent increase in the current quarter's monthly revenue base over the previous quarter's monthly revenue postings. The company forecasted significant earning potential for their first quarter in their fourth quarter financial results released July 29, 1999, citing both expansion of their pre-paid and one plus customer billing and centralized operational management.
When asked about the company's reported growth and profitability, Joseph Monterosso, TotalAxcess.com president and chief executive officer stated, "We are following our plan and driving this Company to meet and exceed its revenue forecasts and projections. Consider for a minute what we have reported in the last ninety days alone, not only have we entered into a number of lucrative and beneficial strategic alliances we have also aligned ourselves with experienced marketing partners to properly and efficiently promote our products and services. In doing so, we have added more marketing muscle to our overall strategy and increased our profitability exponentially."
The company's revenue forecasts take into consideration all new distribution and contract expansion agreements previously reported and anticipated to yield in excess of $40 million in annualized revenue.
The company has also announced a number of strategic alliances during the last 90 days expanding their international calling network which is expected to significantly increase international transport revenue opportunities for the company.
As a fully reporting San Francisco-based telecommunications and Internet marketing company, TotalAxcess.com has been in operation for more than 14 years specializing in pre-paid telecommunication, one-plus long distance and telephonic and Internet based lottery participation. The company officially changed its name from Group V Corporation to TotalAxcess.com on May 17, reflecting the company's progression and focus into Internet marketing and E-commerce to promote and market its pre-paid telecommunications products and services, including the innovative HitLoTTo(R) Club Card.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition for the company, new products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
CONTACT: TotalAxcess.com, Inc., San Francisco
John Steward, 510/286-8700 |
