Tuesday August 24, 8:00 am Eastern Time
Company Press Release
Anything Internet Releases Fourth Quarter and
Year-End Earnings Estimates
COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Aug. 24, 1999--Anything Internet
Corporation (OTC BB:ANYI - news; OTC BB:BANY - news) announces it will publish and disseminate its annual
shareholders report during the month of September 1999 containing audited results for the fiscal year and quarter ending June
30, 1999.
Anything Internet has 3,074,400 shares issued and outstanding.
Based on preliminary audit findings, Anything Internet generated gross revenues between $1.0 and $1.1 million for the quarter
ending June 30, 1999. The Company lost an estimated ($200,000) to ($250,000), or between ($0.07) and ($0.08) a share.
The loss includes a one-time write-off for inventory. For the same period a year ago, the Company reported gross revenues of
$560,722 and a loss of ($11,285), or ($1.13) a share.
For the fiscal year ending June 30, 1999, Anything Internet generated gross revenues between $3.4 and $3.5 million. The
Company lost an estimated ($550,000) to ($700,000), or ($0.18) and ($0.23) a share, for the entire fiscal year, including a
one-time write-off in the fourth quarter for inventory. For the same period a year ago, the Company reported gross revenues of
$657,988 and a loss of ($24,762), or ($2.48) a share.
J. Scott Sitra, Anything Internet's president and chief executive officer, stated, ''We are extremely pleased with the preliminary
financial results for our latest quarter and fiscal year. Not only was it a record quarter and year, but we also exceeded our own
internal sales goals.
''With our recent expansions and new Internet storefront openings, including future yet-to-be announced Internet storefront
openings, we are focusing our efforts not only on just sales growth, but on margin growth as well. We are doing this by
concentrating on bringing high-demand, high-margin products to both our business-to-business and consumer customer bases.
This is all possible because of the investments we made in technology and personnel over the past fiscal year.''
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, Colo., with a business-to-business sales and support office
in Tampa, Fla., is a publicly held Internet e-commerce holding company. Through its wholly owned subsidiaries, Anything
Internet operates Internet storefronts AnythingPC.com, AnythingMAC.com, AnythingUNIX.com, anyCOFFEE.com and
AnythingBOOKS.com where it sells over 201,000 different computer hardware, software and peripheral products, more than
100 different specialty coffees and one of the largest selections of books, magazines and music available. 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.
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,
planned 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. For a description of additional risks and uncertainties, please refer to Anything
Internet's filings with the Securities and Exchange Commission.
Contact:
Anything Internet, Colorado Springs
Investor Relations, 719/227-1903, ext. 102
anything@sitra.com
anythinginternet.com |
