ANYI Announces Record Earnings!
Wednesday September 22, 7:31 pm Eastern Time
Company Press Release
Anything Internet Announces Record
Earnings
COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Sept. 22, 1999--
Anything Internet Corporation (OTC BB:ANYI - news) was pleased to
announce today record results for fourth quarter earnings and for the 1999 fiscal year ending June 30, 1999.
Net sales for the fiscal year ending June 30, 1999 were $3,503,822, an increase of 433% over $657,988 for the
same period a year ago. All of these sales were a result of sales generated through the Company's Internet
storefronts www.AnythingPC.com, www.AnythingMAC.com and www.AnythingUNIX.com.
Gross profits for the fiscal year ending June 30, 1999 were $84,436. This represents an increase in gross profits of
89% over $44,666 for the same period a year ago. Gross profit margins declined from 6.8% of sales to 2.4% of
sales as a result of increased competition among Internet retailers of computers, software and peripheral devices.
The net loss for the fiscal year ending June 30, 1999 amounted to ($591,688), or ($0.24) a share. This represents
and increase of 2,290% compared to ($24,762), or ($4.27) a share, for the same period a year ago. The increase
in net loss was the result of lower gross profit margins and increases cost of operations from expansion activities.
There were 3,074,400 shares issued and outstanding as of June 30, 1999.
Three Months Ending Fiscal Year Ending
6/30/99 6/30/98 6/30/99 6/30/98
Sales $ 1,107 $ 559 $3,503,822 $ 657,988
Cost of Sales 1,106 520 3,419,386 613,322
Gross Profit $ 1 $ 39 84,436 44,666
Operating Expenses 186 43 672,293 69,428
Net Loss ($202) ( 11) (591,688) (24,762)
Earnings Per Share(EPS) ($0.08) ($1.95) (0.24) (4.27)
Weighted shares used in
Calculations 2,458,533 5,800 2,458,533 5,800
J. Scott Sitra, Anything Internet's President and CEO, stated, ``We had a record year in 1999. We are extremely
excited about the progress we made last year and are looking forward to the current fiscal year. During the fiscal
year we noted a significant increase in our repeat business-to-business sales. It is this repeat business that will
propel us into even higher sales this year and, ultimately, consistent profitability.'
A telephone conference call to review fourth quarter and year-end results will take place at 10 AM EDT on
Thursday, Sept. 23, 1999. All interested parties are encouraged to participate. The conference number is
415/537-1825 and the call will be co-hosted by J. Scott Sitra, Anything Internet's President and Chief Executive
Officer, and Robert C. Schick, Anything Internet's Chief Technology Officer.
On Sept. 23, just prior to the scheduled time, please dial the telephone number and ask to be connected with the
Anything Internet conference call.
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, www.anyCOFFEE.com, and www.AnythingBOOKS.com
where it sells over 201,000 different computer hardware, software and peripheral products, more than 200
different specialty coffees and one of the largest selections of books, magazines and music available. Anything
Internet's e-commerce enabling technologies provide 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, 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. |
