NEWS: Infotopia Announces Actual Revenue for October Over $4.7 Million
BOSTON--(BUSINESS WIRE)--Nov. 8, 2000--Infotopia, Inc. (OTC BB:IFTP) ("Infotopia"), announced that October revenue was $4,736,802(unaudited), reflecting the actual revenue from units shipped, bringing the total shipped revenue to date of $6,361,216.00(unaudited). By comparison, the Company, which began operations as an independent entity on April 26, 2000, had achieved only $1,026,566 in revenue for its entire first six months ending August 31st. The total revenue primarily reflects shipped units of Torso Tiger and Torso Tiger II sold between August 18th and September 30th. The October revenue establishes a new monthly record for the Company.
Ernest Zavoral, President of Infotopia stated, "We are delighted with the results. It represents double good news for the Company. We've improved our cash position, which is great, and we've also achieved the credibility as a marketing company to acquire some of the coveted projects that we've signed these past few months. The stage is set for what we hope will be equally impressive revenue numbers for our reedited Backstroke(R) Back Massager, the Turkey Saddle and our new Hot Mommies(TM) System later this month. We look forward to following that with a fourth quarter launch of several hot new products that we've acquired from the Torso Tiger people and others. 2001 is looking very, very good for IFTP!"
Daniel Hoyng, Chairman of the Board and CEO stated, "Although some of the revenue reported here overlaps with orders that have been mentioned in previous press releases, we are pleased that Infotopia is 'old' enough as a company that we can now report actual gross revenue figures. Gross revenue represents income from actual shipped goods. I am very proud of the results our team has put forth and our shareholders should realize that this is just the beginning. By early 2001 we will be actively marketing a minimum of ten products, the September and October results were from only Torso Tiger and Torso Tiger II. I hope these actual revenue results will validate our future projections."
ABOUT INFOTOPIA
The Company's mission is to produce, market, and distribute an expanding line of high-quality, innovative health, fitness and consumer products. Infotopia seeks out products that deliver superior value, outstanding quality, and competitive prices to best satisfy customer demand. The Company markets its products to consumers through a variety marketing channels, including infomercials, distributor alliances, and Internet e-commerce. The management at Infotopia is committed to increasing corporate revenues and profits. The company's website is located at infotopia.com
This news release includes "forward-looking statements" that include risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the Company's ability to produce and market products and/or services and other risks detailed from time to time in their Company's reports filed with the Securities Exchange Commission.
CONTACT: OTC Relations
Robert Tilton, 609-888-4111
IFTP@OTCRelations.com |
