(COMTEX) B: H-NET Says Q1 Will Show Record Revenue, Excellent Bottom
B: H-NET Says Q1 Will Show Record Revenue, Excellent Bottom Line
NIAGARA FALLS, NY, May 1, 2000 /PRNewswire via COMTEX/ -- H-NET.COM, Inc. (OTC
Bulletin Board: HNSP) said today that the company expects to report record
quarterly revenues for its first fiscal quarter that ended April 30, 2000. The
company plans to formally announce the results on or about May 31.
The company said that strong gains in revenue and bottom line improvement are
coming from growing revenue streams generated by the H-NET (multi-service
Internet portal and Internet-based transaction processing services.
Chairman and CEO Anton Stephens said, "The numbers for the first quarter are
still being compiled, however initial tabulations show that we will report
record quarterly revenues and an excellent bottom line. Revenue will be more
than double the amount of the corresponding previous quarter. All of our new
services have started generating revenue. It appears our substantial investment
in new technology and the development of new services is quickly providing our
shareholders with a strong and an expeditious payoff.
"Our recent 2 for 1 stock split anticipated this major upturn in our results. We
are highly encouraged by the momentum in our businesses including the
expectation of signing up many more customers for H-NET (assisted by our new
partners. These results are also highly valuable in attracting fresh growth
capital to our company," Stephens said.
H-NET.COM, Inc. is emerging as the global digital B2B solutions provider for the
vision care industry. The company is positioned to become the central hub for
all vision care e-commerce with its one-stop multi-service Internet portal and
Internet-based transaction processing services. The company offers a
comprehensive suite of electronic business and e-commerce services, in addition
to being the leading provider of enterprise software for the vision care
industry. Customers include retail opticians, retail chain home offices,
optometrists, ophthalmologists and optical labs. Management plans to broaden the
reach of its B2B e-commerce transaction processing in 2000, while releasing new
innovative e-commerce solutions.
For more information about the company visit our website www.h-net.net or
contact Christine at (905) 475-3249. Email info@h-net.net. For other valuable
information visit Hawk Associates website www.hawkassociates.com or contact
Frank Hawkins at (305) 852-2383. Email: info@hawkassociates.com.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of
1995: Statements in this press release regarding the expansion of the Company's
operations are forward-looking statements. Words such as "expects," "intends,"
"anticipates," and "likely" also identify forward-looking statements. Actual
results may differ from such forward-looking statements as a result of a number
of factors.
SOURCE H-NET.COM, Inc.
(C) 2000 PR Newswire. All rights reserved.
prnewswire.com
-0-
CONTACT: Christine, H-NET.COM, 905-475-3249, or e-mail, info@h-net.net
or Frank Hawkins, Hawk Associates, 305-852-2383, or email,
info@hawkassociates.com
KEYWORD: New York
INDUSTRY KEYWORD: MLM
CPR
MTC
SUBJECT CODE: ERP
OTC
URL: h-net.net
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