WIZZF - Great story, big volume over the past couple of weeks, a rising share price. A candidate for the list?
Wednesday November 17, 6:02 pm Eastern Time
Company Press Release
SOURCE: WSi Interactive Corporation
WSi Interactive Corporation beats first quarter targets
VANCOUVER, Nov. 17 /CNW/ - WSi Interactive Corporation Symbols: VSE-WIZ OTC-WIZZF
WSi is pleased to announce it has exceeded its first quarter targets for
the three months ended September 30, 1999.
Revenue of $814,493 exceeded the first quarter target of $750,000 by 9%.
The net loss for the period was $(243,357), or $(0.008) per share on a
fully diluted basis for the period. Losses were lower than expected by 12%.
During the period, significant investment has been made by WSi in
technology and human resources. Staffing during the period grew from 20 full
time employees to 42. Assets grew to a value of $2.3 million.
''Investment has focused on the development of proprietary Internet
businesses as well as the development of convergence technologies to
facilitate video and voice over the Net'', said Theo Sanidas, the President of
WSi. ''WSi is positioned with its investments in Internet convergence
technologies to take advantage of the huge growth that this sector is
experiencing.''
WSi's stocksecrets.com property is now turning a profit and is undergoing
a complete upgrade in preparation for a re-launch of the site. Upgrades to
stocksecrets.com are expected to significantly increase revenue from this
property. HealthCreator.com was launched this month and will be followed by
Yourwinestore.com before month's end.
Increasing revenue from stocksecrets and the revenue from newly launched
businesses are trending well towards WSis current fiscal year goal of $6
million in revenue. Revenue from WSi's direct marketing and web services are
also trending upwards in accordance with Management's plans.
The Business of WSi
WSi Interactive Corporation is an innovative Internet business
development and marketing firm, whose objective is to capitalize on direct
marketing opportunities on the Internet. WSi builds, manages and markets
online businesses in the financial, e-tailing and e-commerce, entertainment
and e-advertising sectors.
To receive information on WSi by e-mail or fax, please forward your
Internet address / fax no. to info(at)ws-i.com / fax: (604) 687-4990.
To fax your request please complete the following
NAME:___________________________________________
COMPANY:________________________________________
e-mail address:_________________________________
PHONE No.:______________________________________
FAX No.:________________________________________
Send by: E-mail or fax: yes / no. Or: e-mail only: yes / no
WSi INTERACTIVE CORPORATION
200 - 1200 West Pender Street,
Vancouver, B.C. V6E 2S9
Toll free: (888) 388-4636
Telephone: (604) 681-8589
Fax: (604) 687-4990
Website: www.ws-i.com
ON BEHALF OF THE COMPANY
''Theo Sanidas''
-----------------------
Theo Sanidas, President
This news release may contain forward-looking statements that involve
risks and uncertainties, including the impact of competitive products and
pricing and general economic conditions as they affect the Company's
customers. Actual results and developments may therefore differ materially
from those described in this release. No regulatory authority has reviewed
nor accepted any responsibility for the adequacy or accuracy of the contents
of this release.
SOURCE: WSi Interactive Corporation
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