SWEB reports Q3:
(Sloppy PR. Results look okay, but whoever did the release did a sad job of proof reading...sigh, the modern age I guess.)
"VANCOUVER, BRITISH COLUMBIA--(Canadian Corp News, November 8, 1999)--Company Reports 49% Top-line GrowthStockgroup.com Holdings Inc. (OTC BB: SWEB), is pleased to report results for the third quarter ended September 30, 1999.Revenues for the thi rd quarter ended September 30, 1999 increased 49% to USD $306,659 compared to $205,280 for the same period a year ago. Net loss for the third quarter was USD $(779,794), or $(0.08) per share, on a fully diluted basis, compared to a net loss of USD $(3 4,010), or $(0.01) per share, on a fully diluted basis a year ago. The Company attributes its continued revenue growth to increases in advertising prior to the launch of www.smallcapcenter.com, which was introduced to the public on October 5th. The i
ncreased loss per share is mainly due to higher sales and marketing expenses and general and administrative costs associated with the launch of the Company's enhanced financial Internet community.For the nine-months ended September 30, 1999 revenue in creased 142%, to USD $1, 500,470, from USD $621,114 in the comparable nine-month period of 1998. Net loss for the nine-month period was USD $(1,333,521), or $(0.14) per share, on a fully diluted basis versus net income of USD $10,660, or $0.00 per shar "
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