Earnings estimates for a number of Internet consultancies have been cut in recent days. INFT felt compelled issue the following clarification:
biz.yahoo.com
Friday September 1, 8:22 am Eastern Time
Press Release
SOURCE: Inforte Corp.
Inforte Corp. Remains Comfortable with Analysts' Estimates
CHICAGO, Sept. 1 /PRNewswire/ -- Inforte Corp., (Nasdaq: INFT - news) a leading eBusiness integration provider, announced in response to recent industry news events that it remains comfortable with analysts' estimates for revenue and earnings per share for the third quarter of 2000, ending September 30, 2000, and for future periods. ``At present, the guidance given during our most recent conference call on July 20, 2000 following the release of second quarter earnings remains valid. We will next comment on guidance when we release results for the third quarter, currently scheduled for Thursday, October 12, 2000,'' commented Nick Padgett, Inforte's Chief Financial Officer.
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ from forward-looking results for a number of reasons, including but not limited to, Inforte's ability to: (i) effectively train professional staff with advanced technology and business strategy skills; (ii) attract and retain clients and satisfy our clients' expectations; (iii) recruit and retain qualified professionals; (iv) accurately estimate the time and resources necessary for the delivery of our services; and (v) build and maintain marketing relationships with leading software vendors, as well as other factors discussed from time to time in our SEC filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. All forward-looking statements included in this document are made as of the date hereof, based on information available to Inforte on the date thereof, and Inforte assumes no obligation to update any forward-looking statements.
About Inforte Corp.
Inforte Corp. is a leading eBusiness integrator that focuses on velocity -- delivering better, faster eBusiness strategies and solutions to clients that empower them to compete successfully in the Internet economy. Inforte offers the unique combination of eStrategy, business-to-consumer and business-to-business eCommerce, supply-chain integration, and premier customer experience design and management capabilities required to build end-to-end eBusiness solutions that are integrated across clients' value chains. Inforte's client-advocacy approach and delivery methodology, ``Velocity to Value,'' has enabled the company to achieve 100 percent client referenceability and industry-leading project efficiency metrics. Founded in 1993, Inforte has offices in Chicago, Dallas, Los Angeles and San Francisco, and 100 percent of its employees are owners. For more information, contact Inforte at 800-340-0200 or visit their web sites - inforte.com and estrategy.com .
CONTACT: Investor Relations, Tami Kamarauskas, 312-233-9456, email, ir@inforte.com.
SOURCE: Inforte Corp. |
