OSCR, Thank You and I love your company. Keep up the great work!! Make me rich!
>>(COMTEX) B: OSCM REVENUES PROJECTED TO REACH $500 MILLION EARNINGS PE
B: OSCM REVENUES PROJECTED TO REACH $500 MILLION EARNINGS PER SHARE HIGHER THAN
EXPECTED THIRD QUARTER REVENUE OF $80 MILLION AND NET INCOME OF $20 Million
PLAINVIEW, N.Y., Oct 1, 1999 /PRNewswire via COMTEX/ -- OSCM-One
Stop.Com Inc. (OTC Bulletin Board: OSCR), today reported results for
the third quarter ended September 30, 1999. shopss.com
(www.shopss.com), the pioneering virtual shopping mall and subsidiary
of OSCM-One Stop.Com Inc. reported record contract sales (new orders)
of $60 million, revenues of $20 million and net income of $6 million
for the quarter.
OSCM Inc.'s communications division, a developer of Internet
applications for fax and IP telephony, reported revenues of $80
million. A significant part of this revenue resulted from OSCM's
partnership with CMR Communications Ltd., an Israeli based firm that
develops and markets real-time fax with real-time confirmation for IP
technology.
"We are now installing over 1000 gateways and 20,000 ports worldwide to
support the OSCM/CMR network," said Moshe Brown, CEO of CMR
Communications. "Our network, which will act as a telecommunications
termination partner, will target millions of new customers and will
offer an array of services, including our revolutionary fax-to-e-mail
service, which allows businesses and individuals to fax documents to
any e-mail address in the world."
CMR Communications, Ltd. develops and markets Real-Time fax with
real-time confirmation for IP technology. The company's Reindeer Fax
provides low cost fax transmission and ease of use. CMR has also
established an affiliate network with a footprint in over 35 countries.
This network offers: Real-Time fax to fax, Store & Forward fax to fax,
PC to fax, fax to Email, fax broadcasting and fax archiving.
cmr.co.il .
OSCM-One Stop.Com, Inc., is a communications company specializing in
providing IP telephony and CTI applications. OSCM owns shopss.com, a
virtual shopping mall that enables committed shoppers to purchase a
variety of consumer goods, electronics and books via the Internet. OSCM
also owns and operates customer fufillment centers. These centers not
only allow OSCM to offer unparralled customer service, but provides the
company with unlimited growth potential.
For more information: www.oscm.net
www.shopss.com
www.shopss.co.il (Hebrew)
Disclaimer: More than half of the company's reported income is derived
from a small number of customers who have made large financial
commitments. Therefore, large portions of our sales are dependent upon
the aforementioned customers fulfilling their contracts. The company
takes reasonable measures to secure its income, however no guarantee
can be made that income will materialize as scheduled. The company has
received some down payments from customers who have made large
financial commitments, but in light of the magnitude of these projects;
these down payments are not significant enough to secure the entire
project.
The statements in this release regarding products and revenues are
forward looking and subject to risk and uncertainty, and future results
could differ materially from past performance. The Company is currently
in the process of completing a 10-SB to be filed with the SEC. It is
the Company's intent to file those documents for the Company to become
a fully reporting company under the 1933 and 1934 Securities Acts.
SOURCE One Stop.com Inc.
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com
-0-
WEB PAGE: shopss.com
GEOGRAPHY: New York
INDUSTRY CODE: MLM
CPR
SUBJECT CODE: ERP
OTC
*** end of story *** |
