Big Picture surpasses record level in product shipments
Big Picture Technologies Inc -- BPI
Shares issued 30,190,081
Thu 1 Jun 2000
Mr. Michael Anthony reports
Product shipments during April and May surpassed the record levels of
product shipped during the entire first quarter of this year.
Led by strong reorders of Big Picture's flagship product, eMerchant pro,
and boosted by robust sales of SmartSite and the recently released eClerk
products, shipments in the past five months have exceeded 15,000 units,
with product orders in May alone establishing new monthly and quarterly
highs.
"eMerchant pro continues to generate impressive market momentum, even five
months after its introduction," said Michael Anthony, president and chief
executive officer. "This is significant because typically now product sales
tend to peak within three months following introduction. We are clearly
riding a strong horse in this race for market leadership."
Anthony added: "Normally, the company refrains from releasing shipment data
because we have found in the past that our success in the U.S. retail
channel has attracted online competitors to that channel. However, we have
made an exception in this case because we wanted to provide shareholders
with quantifiable evidence of the company's success in executing its
business plan-particularly in light of recent, market-driven, pressures on
stock trading levels. Certainly, management believes that it is only a
question of time before the company's impressive gains and fiscal
performance are recognized in share value.
"The company's aggressive objectives remain unchanged, to establish Big
Picture as the de facto leader in the small to midsized e-commerce sector
this year, to generate strong top and bottom line performance, to establish
a solid U.S. organizational presence and to win broad-based support and
audiences in U.S. capital markets." |
