Hitsgalore.com Provides Update on Company
Affairs
PR Newswire - August 16, 1999 06:16
RANCHO CUCAMONGA, Calif., Aug. 16 /PRNewswire/ --
Hitsgalore.com, Inc., (OTC Bulletin Board: HITT) has announced that the
Company is still in discussions with potential auditors.
Hitsgalore.com CEO Steve Bradford said, "We are anxious to finalize an
engagement with new auditors, and we especially look forward to the
assistance our new auditing firm will provide us in meeting all the requirements
for a Nasdaq/Amex listing."
The Company also announced that it is filing Form 12b-25, and intends to file
its Form 10-Q for the second quarter by Monday, August 23, 1999. "When
we file the quarterly report we expect to affirm that Hitsgalore.com is a
profitable internet company, and there will be no material difference from
earlier announcements of net sales revenues of around $1.2 million for the 2nd
Quarter," said Bradford.
According to Bradford, "The Company is also excited about several new
developments. A new Portal Service that we think is very appealing is nearly
ready, and we should be able to announce additional details this coming week.
We are also pleased that the Life Foundation Trust, meanwhile, continues to
assure management that it supports the Company."
Hitsgalore.com generates revenue and profit from its unique business model of
giving away free banners, lifetime banner placement, and other Portal Services.
The Company generates revenue from its Keyword Bid & Rank program,
sponsorships of Portal Services, and Local City Editions featuring local
content. Hitsgalore.com strives to provide porn-free searching and does not
accept or encourage any porn or adult-content listings on its site.
Financial statements in this press release other than historical facts are
"forward-looking" statements within the meaning of Section 27A of the
Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934,
and as that term is defined in the Private Securities Litigation Reform Act of
1995. Hitsgalore.com, Inc. intends that such statements about the Company's
future expectations, including future revenues and earnings, and all other
forward-looking statements are subject to the safe harbors created thereby.
Since these statements (future operational results and sales) involve risks and
uncertainties and are subject to change at any time, the company's actual
results could differ materially from expected results.
SOURCE Hitsgalore.com, Inc.
/CONTACT: Hitsgalore.com, Inc. Investor Relations, 800-300-5388,
investor@hitsgalore.com/
/Web site: hitsgalore.com
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