NEWS
Wednesday April 12, 2:21 pm Eastern Time
Company Press Release
eVision USA.Com, Inc. Subsidiary, eBanker USA.com, Inc., Reports 1999 Earnings
DENVER--(BUSINESS WIRE)--April 12, 2000--eBanker USA.com(tm), Inc. (eBanker, www.ebankerusa.com), a subsidiary of eVision USA.Com, Inc. (eVision, www.evisionusa.com, OTCBB:EVIS), is pleased to report its financial results for the year ended December 31, 1999.
Revenues for 1999 were $2,215,773, primarily resulting from interest income and gains on the sale of debt securities. Prior year revenues from May 26, 1998 (inception) to December 31, 1998 were $350,110. Net income for the year ended December 31, 1999 was $343,215 or basic earnings per share of $0.17, while comprehensive income for the same period was $543,682. Prior year net income was $10,318.
``We believe that our financial success in 1999 is a clear indication of the strength of eBanker's business model and our ability to execute eBanker's strategic objectives. More importantly, the achievements of 1999 have laid a solid foundation for continued success in the new millennium. As eBanker continues to roll out new products and services throughout the year, we believe that interest in eBanker and its global financial services web portal will continue to accelerate,' stated Fai H. Chan, Chairman and Chief Executive Officer of eVision USA.Com, Inc.
eBanker is an online provider of specialized financial products and services to underserved consumer and corporate markets. eBanker is a 37% owned consolidated subsidiary of eVision.
eVision is an integrated online solutions provider, with consolidated subsidiaries and significant equity investments operating within five distinct divisions: eFinance, eServices, eCommunications, eInformation, and eMedical.
The statements included in this press release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements.
If you would like to receive press releases via email, please contact us at ir@evisionusa.com.
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Contact:
eVision USA.Com, Inc., Denver
Tony Chan, 303/860-1700
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