Press Release ....
WEB CAPITAL GROUP INCREASES REVENUES BY 115% AND ASSETS BY 2,756% IN FISCAL 1999
Company?s Presidents List Dividend Program Increases Share Value
MARINA DEL REY, Calif.?(PRNewswire)?January 14, 2000?Mr. Garrett Krause, President and CEO of Web Capital Group, Inc. (OTCBB: WBCG) announced that the Company set new records for revenues and net income in fiscal 1999 as the Company unveiled its audited financial results for the fiscal years ending June 30, 1997 through June 30, 1999.
For the fiscal year ended June 30, 1999, total revenues were $1,947,472 a 115% increase from revenues of $907,135 in 1998. Net income and earnings per share was $509,366 or $0.055 per share compared to net income of $313,832 or $0.039 per share for fiscal 1998, and a loss of $112,200 or $0.017 per share for fiscal 1997.
The Company completed its 1999 fiscal year with $18,947,432 in total assets including $1.9 million in cash and deposits, an increase of some 2,756% over 1998 total assets of $661,268. |
