| United Trading.com Announces Unaudited Revenues and Profits for 45 Day Period Ending August 15, 2000 IRVINE, Calif.--(BUSINESS WIRE)--Aug. 16, 2000--United Trading.com (OTCBB:UTTD) announced today that its preliminary unaudited revenues and profits for the 45 day period from July 1st, 2000 to August 15th, 2000 were approximately $800,000 and $750,000 respectively. "The Company believes that it is important to notify its shareholders of this preliminary financial data since these significant revenues and profits have occurred in a very short time period from the issuance of the Company's 10Q-SB filing for the quarter ended June 30th, 2000. The final revenue and profit data will be included in the 10Q-SB filing for the quarter ending September 30th, 2000," said Norman Wright, the company president. The Company is specializing in international Business-to-Business E-commerce, focused on high profit potential market niches with physical presence in Costa Rica (Latin America Portal), Cook Islands (Asia Portal) and Liechtenstein (Europe, Middle East & Africa Portal). The E-Commerce worldwide market outside the USA is estimated by International Data Corporation (IDC) to be $305 Billion in 1999, and the USA market to be $174 Billion. Estimates from IDC for the year 2003 are $1.6 Trillion outside the USA and $600 Billion for the USA. For more information and company updates please visit 506funding.com, or contact Norman Wright 403/271-0669. Some other Internet Gaming competitors in the Gaming market broadly includes: Cryptologic Inc. (TSE:CRY), Trans World Gaming Group (OTCBB:IBET), Starnet Communications Intl. Inc. (OTCBB:SNMM), Bingo.com (OTCBB:BIGR), Q-Seven Systems (OTCBB:QSSY). This statement includes projections of future results and "forward-looking statements" as that term is defined in Section 27A of the Securities Act of 1933 as amended (the "Securities act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). All statements that are included in this release, other than statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the expectations are disclosed in this Statement, including, without limitation, in conjunction with those forward-looking statements contained in this Statement. The Company disclaims any obligation to update forward-looking statements. --30--ds/sf* crd/sf CONTACT: United Trading.com Norman Wright, 403/271-0669 506funding.com TodINDUSTRY KEYWORD: E-COMMERCE GAMING INTERNET SOFTWARE Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com |
