Ho Ho Ho Hitsgalore announced the following mathematical discovery:
epsilon dollars per three days, times 122 3-day-periods per year, equals $700k.
That works out to epsilon = $5.7 k, during the three day period that HBX has been open. And they chewed up a good fraction of that by issuing three news releases to boast about it.
Whoopee!
I wonder how much barter "revenue" from the website developer is included in the epsilon.
I like the punter, too. What a fine metaphor for what the auditors might do with the financial statements.
Hitsgalore.com Announces Nearly $700,000 in Annualized Contract Revenue From its New HBX2000.com Operations
RANCHO CUCAMONGA, Calif.--(BUSINESS WIRE)--March 3, 2000-- Hitsgalore.com, Inc. (OTC BB:HITT - news) announced that as of the close of business on Thursday, March 2, 2000, it had executed contracts with nearly $700,000 in annualized revenues within the first week after introduction of its new B2B website located at www.HBX2000.com.
Hitsgalore.com Chairman Dorian Reed, said ``We are obviously excited about the business to business market reaction and acceptance of our new business model. Listing requests have been brisk and we expect it to continue in the weeks ahead. Projected deal flow-through in 2000 looks very good. The HBX2000 business model is so different, in that it has the neutrality, clarity and purity to grow. The neutrality factor is benefiting us now as we expand our market reach through cross-marketing alliances now under negotiation.'
Miles Carrington, VP of Marketing said,`` In what has become a rapidly expanding vertical e-marketplace, customers want single solution domains, product fulfillment, convenience and the 'personal touch`` without the added costs incurred by middleman involvement. We are highly gratified by the enthusiastic acceptance on the part of Exchange Members and the excellent results being obtained by our HBX2000 staff in such a short period of time.'
The HBX2000 generates revenue from monthly listing fees that companies pay to be listed on the exchange. A 12-month listing contract is required before a company can be listed on the exchange. Fees range from $500 to $15,000 per month. HBX2000 does not charge transactional fees to its listed companies. One of the Company's mantras is that they act as ``MatchMakers Not MiddleMen'.
Joe Prokop (Former NFL Pro Punter), Floor Manager of the exchange said, ``The Company is in a race to establish credibility in this new market niche and I think we're doing a great job so far. This past year has been great for Hitsgalore and now it's just a flat out sprint to critical mass for the HBX2000 and then, we're there.'
Reed continues, ``These preliminary results prove to us that we are on the right track to higher revenues and profitability in 2000. The B2B landscape is changing rapidly. We feel the e-Marketplace will soon be 'hands free`` and that means service on a personal level, and that's fine by us because the main goal of all Hitsgalore.com's product offerings is service.'
About Hitsgalore Business Exchange (HBX2000)
Hitsgalore Business Exchange 2000 (http://www.hbx2000.com) is the innovator and developer of the first B2B Internet business exchange whereby a trade organization provides pre-qualified ``one on one' sales introductions to companies listed with the HBX2000. The Company is the market leader in this recently unearthed market niche. The Company believes its business model compares favorably with others in the B2B Internet e-commerce markets such as Ariba, Inc. (Nasdaq: ARBA - news), Commerce One, Inc. (NASDAQ: CMRC - news), Oracle (Nasdaq: ORCL - news), SAP AG (NYSE: SAP - news) and Onvia.com Inc. (NASDAQ: ONVI - news).
About Hitsgalore.com
Hitsgalore.com (http://www.hitsgalore.com/) has a unique business model of giving away free banners, lifetime banner placement, and other Portal Services. The Company believes its business model compares favorably with other Internet portals and search engine companies. The Company generates revenue from its Keyword Bid & Rank program, sponsorships of Portal Services, and Local City Editions featuring local content. Hitsgalore.com strives to provide porn-free searching and does not accept or encourage any porn or adult-content listings on its site.
Statements in this press release other than historical facts are ``forward-looking' statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. Hitsgalore.com, Inc. intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements are subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the company's actual results could differ materially from expected results.
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Contact:
Hitsgalore Business Exchange 2000
VP of Marketing
Miles Carrington
909-481-6278 |
