NEWS NEWS
ConSyGen Announces First Profitable Month in Company's History
Tue Jun 20 08:05:00 EDT 2000
TEMPE, Ariz., Jun 20, 2000 /PRNewswire via COMTEX/ -- ConSyGen, Inc.'s (OTC
Bulletin Board: CSGI) Chief Financial Officer, Eric Strasser, announced today
that the company has booked over $500,000 dollars of revenue in June from
Counterfeit Cop sales. Mr. Strasser commented, "The revenue comes from orders
received from a major distributor in Asia, as well as strong domestic sales.
These orders ensure that ConSyGen will enjoy its first profitable month in the
company's history."
Jason Genet, ConSyGen's Executive Vice President and Chief Operating Officer
said, "This is a very significant first step in the right direction. It is
important, however, to note that this is just the beginning. We will continue to
deliver solid financial performance, which will assure our shareholders that we
are executing our business plans. We expect this to be the start of many great
things for ConSyGen."
ConSyGen is currently negotiating several additional Retail and Master
Distributor Agreements for the Counterfeit Cop and expect to close them in the
next couple of months. Michael Garza, Managing Director of Business Products
said, "Things are getting very exciting in the Business Products Division. We
have completed training the major 'Alliance Partners' for First Data Merchant
Services, who are all very eager to begin selling the 'Cop'. We have also
received favorable reviews from several large retail beta sites."
Genet concluded, "Taking into account the international markets, we feel that
the potential for Counterfeit Cop is untapped. Our recent move into the Czech
Republic gives us a distribution network that stretches to Eastern Europe, where
we expect to be wildly successful. Additionally, with this deal to distribute
the product in Asia, we are clearly moving towards a global marketplace for the
'Cop'. This is the first of many revenue announcements that we intend to release
to our shareholders in Fiscal 2001."
ABOUT CONSYGEN
ConSyGen's business is customer-driven, technology-influenced and
service-oriented, coupled with world-class software development. In order to
achieve the core company goals, various business units have the responsibility
for developing cohesive missions, quantifiable objectives and comprehensive
strategies. These business units include E-Commerce, Internet Services, and
Business Products.
FORWARD LOOKING STATEMENTS
Forward-looking statements involve risks and uncertainties that may cause actual
results to differ materially from those projected in such forward-looking
statements. Factors which could affect results include the development of
competing or superior technologies, market awareness, acceptance of ConSyGen's
technology or products, the company's ability to attract and retain qualified
personnel, the companies ability to protect its propriety information and other
risk factors set forth in the company's SEC filings.
For more information please contact Jason Genet of ConSyGen, Inc., 480-394-9100;
or David Keaveney of Breakout Investment Marketing, 877-275-6885, for ConSyGen,
Inc.
SOURCE ConSyGen, Inc.
CONTACT: Jason Genet of ConSyGen, Inc., 480-394-9100; or David Keaveney
of Breakout Investment Marketing, 877-275-6885, for ConSyGen, Inc. |
