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Adatom.com Continues to Show Sequential Growth During the Holiday Season
MILPITAS, Calif.--(BUSINESS WIRE)--Dec. 9, 1999--Adatom.com, Inc. (Nasdaq:ADTM), an Internet super store and e-commerce enabler continues to show month over month sequential growth in sales orders and online user sessions during the holiday season.
Sales orders for November 1999 increased 300% from September 1999, and online user sessions increased 110%.
Approaching the holiday season sales orders increased 58% from September to October and increased 150% from October to November. The first week of December showed a 191% increase in average daily sales orders compared to November.
The months of September through November totaled $569,000 in sales orders with the month of November totaling $232,000. The company(1)s revenues are booked when sales orders have been shipped, the timing of which depends on a number of factors. Actual revenue for the period discussed could differ materially from the sales order numbers.
User sessions have increased 32% from September to October and increased 59% from October to November. The first week of December showed a increase of 46% in average daily user sessions compared to November.
Rich Barton the President and CEO said, (3)We continue to be extremely delighted by increased activity into the holiday season. Our recent launch of the holiday advertising initiative and our customer service execution are generating positive results.(2)
As part of its advertising /brand awareness campaign, Adatom.com is offering free ground shipping inside the continental U.S. on all items including large appliances and furniture during the holiday season. The Company is also sponsoring a Holiday Sweepstakes, which includes a $200 Adatom shopping spree or this year(1)s hot game console Sega Dreamcast.
About Adatom.com
Adatom.com is an e-commerce company. By leveraging its proprietary e-commerce infrastructure and efficient distribution system, the Company reaches both the business-to-consumer and business-to-business markets. The Company owns and operates an Internet superstore, www.adatom.com. The Company believes that its business model will reduce operating costs and pass value on to the consumers in the form of increased customer service and price savings. Adatom.com provides a comprehensive product mix of name brand products for the individual, the home, and the office in 29 product categories.
Statements in this news release that are not descriptions of historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as (3)expect,(2) (3)intends,(2) (3)believes,(2) (3)plans,(2) (3)anticipates(2)and likely(2) also identify forward-looking statements. All forward-looking statements are based on current facts and analyses. Actual results may differ materially from those currently anticipated due to a number of factors including, but not limited to history of operating losses, anticipated future losses, competition, future capital needs, the need for market acceptance, dependence upon third parties, disruption of vital infrastructure and intellectual property rights. All forward-looking statements are made pursuant to the Securities Litigation Reform Act of 1995. Additional information on factors that may affect the business and financial results of the Company can be found in filings of the Company with the Securities and Exchange Commission. The Company refers readers particularly to the Registration Statement on Form S-4 of HealthCore Medical Solutions Inc. (File No. 333-87207) filed with the Securities and Exchange Commission on (September 16, 1999). The Company recently merged with HealthCore.
CONTACT:
Adatom.com, Inc., Milpitas
Michael M. Wheeler, Controller, 408/935-7979
or
Continental Capital & Equity Corporation, Longwood, Fla.
Michael H. Irving, 407/682-2001
irv@insidewallstreet.com
KEYWORD: CALIFORNIA
BW1081 DEC 09,1999
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