News....ANYTHING COFFEE
ANYTHING INTERNET CORPORATION
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3020 North El Paso, Suite 103
Colorado Springs, Colorado 80907
(719) 227-1903 (719) 227-1907 Fax
FOR IMMEDIATE RELEASE
Please contact: Investor Relations
(719) 227-1903 Ext. 102
E-Mail: anything@sitra.com
Internet: anythinginternet.com
ANYTHING INTERNET ANNOUNCES THE GRAND
OPENING OF ANYCOFFEE.COM
Colorado Springs, Colorado - August 5, 1999 -- Anything Internet
Corporation (OTC Bulletin Board: ANYI) announces the grand
opening of its newest Internet storefront, anyCOFFEE.com
(www.anycoffee.com). anyCOFFEE, operated by Anything Coffee
Corporation, a wholly-owned subsidiary of Anything Internet, offers
coffee drinkers the opportunity to purchase over 100 specialty
coffees derived from coffee beans originating from more than 18
countries worldwide - all from the comfort of their homes or offices.
In addition to featuring one of the largest selections of specialty
coffees available in any one location, anyCOFFEE.com introduces
JavaJay(tm). JavaJay, a personification of Jay Ferguson, a certified
roast master and Anything Coffee's General Manager, will circulate
a free periodical newsletter, suggest new coffees and blends, answer
coffee drinkers' questions in an on-line forum, and in general
promote the free exchange of coffee information and ideas.
The market for coffee in America is immense. American's spend
more than $7 billion annually on coffee and more than 50% of
American's classify themselves as coffee drinkers. Specialty
coffees have been popularized in recent years by retail giant
Starbucks Corporation (NASDAQ: SBUX). anyCOFFEE.com
takes America's love affair with coffee beyond the everyday brick-
and-mortar coffee store by making its much larger selection of
specialty coffees always available to its customers at very
competitive prices via its Internet storefront.
J. Scott Sitra, Anything Internet's President and Chief Executive
Officer, stated, "This is the first of many new ventures taking
Anything Internet beyond the realm of computers and software, and
into high demand, high margin product offerings. anyCOFFEE.com
accomplishes this by addressing the growing needs and demands of
the huge multi-billion coffee marketplace. Now anyone can drink
the coffee of their choice, at a fair price, without ever having to
leave their home or office."
"Just like with our computer division, we will be focusing our
marketing efforts on generating business-to-business sales. Every
business, whether small or large, brews coffee, and we are making it
easy and less expensive for them to purchase specialty coffees each
and every morning. Long-term this also translates into higher
consumer sales as individuals become aware of our coffees through
their offices and begin purchasing them for home consumption," Mr.
Sitra added.
Anything Internet reported record revenues for the third quarter of
fiscal 1999 ending March 31, 1999 of $751,934, an increase of 707%
from the same period a year ago. The loss per share for the quarter
was $(0.04) compared to ($0.25) for the same period a year ago.
Revenues for the nine-months were a record $2,403,629, an increase
of 2,325% for the same period a year ago. The loss per share for
the nine-months was ($0.12) compared to ($1.35) for the same
period a year ago.
Anything Internet Corporation, headquartered in Colorado Springs,
Colorado with a business-to-business sales and support office in
Tampa, Florida, is a publicly held Internet e-commerce holding
company. Through its wholly-owned subsidiaries, Anything Internet
operates Internet storefronts www.anythingpc.com,
www.anythingmac.com, www.anythingunix.com, and
www.anycoffee.com, and sells over 201,000 different computer
hardware, software and peripheral products and more than 100
different specialty coffees. Anything Internet's e-commerce
enabling technology provides its customers with exceptional product
choices, superior pricing and delivery options, and easy-to-use search
and purchase capabilities. Banyan Corporation (OTC Bulletin
Board: BANY) owns 26 percent of Anything Internet's Common
Stock.
The Private Securities Litigation Reform Act of 1995 provides a
"safe harbor" for forward-looking statements. Certain information
included in this press release (as well as information included in oral
statements or other written statements made or to be made by
Anything Internet Corporation) contains statements that are forward-
looking, such as statements relating to the future anticipated direction
of the high technology industry, plans for future expansion, various
business development activities, planed capital expenditures, future
funding sources, anticipated sales growth and potential contracts.
Such forward-looking information involves important risks and
uncertainties that could significantly affect anticipated results in the
future and, accordingly, such results may differ from those
expressed in any forward-looking statements made by or on behalf
of Anything Internet Corporation. These risks and uncertainties
include, but are not limited to, those relating to development and
expansion activities, dependence on existing management, financing
activities, domestic and global economic conditions, changes in
federal or state tax laws, and market competition factors.
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