And it was such a deal in 1999. How could it be in the pinks and be such a failure. I am shocked.
CHEERS CHUMPS!!
Go Call Inc. Reports First Profitable Quarter
Earns net income of $280,213, or $0.014 per share, for the quarter ended June 30, 1999
Go Call Inc. (www.goca.com) (OTC BB:GOCA) reported that for the three months ended June 30, 1999, the casino managed by Go Call reported gross wagering receipts of $14,707,118, which, together with Go Call revenue from other operations of $128,496, resulted in net income to Go Call of $280,213, or $0.014 fully diluted per share.
Comparable results for the three months ended March 31, 1999, were $10,717,129 in gross wagering receipts to the casino and $464,506 in Go Call revenue from other operations, which resulted in net loss to Go Call of $320,673, or $0.016 per share.
Go Call is also disclosing its six-months results since it intends to file Form 10SB to become a fully reporting company subject to the Securities Exchange Act of 1934.
For the six months ended June 30, 1999, gross wagering receipts to the casino were $25,424,247, which, together with Go Call revenue from other operations of $593,002, resulted in net loss to Go Call of $40,460, or $0.002 per share. The financial information disclosed in this release does not include results of operations of Go Call's 92 percent-owned subsidiary, Country Star Restaurant Inc., or the effect of a one-time gain of $500,000 on the pending sale of Go Call's Caribbean Resort in the Dominican Republic.
Go Call is an Internet and telecommunications service company specializing in e-commerce. Its services include Internet management, licensing of online casinos, a banner-ad network, a paging service, the development of a comparison-shopping search engine and Internet kiosks.
Go Call's competitors within the Internet gaming market include Cryptologic (OTC BB:CRY), Starnet Communications (OTC BB:SNMM), Atlantic International (OTC BB:AIEE), Youbet.com (OTC BB:UBET), GalaxiWorld.com (NASDAQ:GLXW), GIC Global (OTC BB:GGNC), First Entertainment (OTC BB:FTET).
Contact: Go Call Inc. Investor Relations, 800/448-2296 519/651-2121 ir@goca.com www.goca.com
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