S.W, BULLISH for WINR: Winners Internet Network, Inc. Breaks Down First Through Third Quarter 1999 Unaudited Pre-tax Earnings...
ST. AUGUSTINE, Fla., Dec 20, 1999 (BUSINESS WIRE) --
(OTC BB:WINR)
David C. Skinner, Jr., President and CEO of Winners Internet Network,
Inc. (OTC BB:WINR), www.winr.net, breaks down first through third
quarter 1999 unaudited pre-tax earnings.
For the purpose of alleviating any confusion concerning the first and
second quarter unaudited pre-tax earnings for WINR, Mr. Skinner
provides below a breakdown of the first, second and third quarter
unaudited pre-tax earnings along with the cumulative results thereof.
The first quarter report along with the second and third quarter
cumulative figures are taken from the unaudited financial statements
prepared for WINR by its Certified Public Accountant.
1st Qrtr. (Jan. - March 1999)
-----------------------------
Total Revenue $ 249,332
Total Expenses 135,262
---------
Net Profit $ 114,070
---------
Net Profit Per Share
Common Stock $ .01
---------
2nd Qrtr. (April - June 1999) 2nd Qrtr. Cumulative (Jan. -
----------------------------- June 1999)
----------------------------
Total Revenue $ 559,933 Total Revenue $ 809,265
Total Expenses 136,047 Total Expenses 271,309
--------- ---------
Net Profit $ 423,886 Net Profit $ 537,956
--------- ---------
Net Profit Per Share Net Profit Per Share
Common Stock $ .03 Common Stock $ .04
--------- ---------
3rd Qrtr. (July - Sept. 1999) 3rd Qrtr. Cumulative (Jan. -
----------------------------- Sept. 1999)
------------------------------
Total Revenue $ 717,512 Total Revenue $1,526,777
Total Expenses 234,386 Total Expenses 505,695
--------- ----------
Net Profit $ 483,126 Net Profit $1,021,082
--------- ----------
Net Profit Per Share Net Profit Per Share
Common Stock $ .03 Common Stock $ .07
--------- ----------
Mr. Skinner would like to apologize for any confusion that might have
been caused with any previous release of WINR's revenues and earnings.
The above is an actual breakdown of the first, second and third
quarters of 1999 and should provide clarification for any
misunderstandings or confusion.
Mr. Skinner would also like to ask that if any shareholder of WINR
would like to receive periodic updates from WINR to please forward
his/her e-mail address to accounts @winr.net. This will enable WINR to
provide improved communication with its shareholders.
Information contained in this news release other than historical
information should be considered forward-looking and is subject to
various risk factors and uncertainties. For instance, the strategies
and operations of Winners Internet Network, Inc. involve risks of
competition, changing market conditions, changes in laws and
regulations affecting these industries and numerous other factors
discussed in this release. Accordingly, actual results may differ
materially from those in any forward-looking statements.
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
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CONTACT: Columbia Financial Group, Inc.
888-301-6271
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