Dear Courtney, you fox you.....
was just doing some "scam" research, and wondered what ever happened to good old Fountain.
They're now a broadband company, no liposomes.......
<DESCRIPTION>PRESS RELEASE DATED AUGUST 5, 2003
<TEXT>
Exhibit 99.1
SiriCOMM Announces Revenues and Net Profit Forecasts for Next 5 Years
Company Anticipates Net Profits of $10 Million in Year Two and
$35 Million By Year Five
JOPLIN, Mo., Aug. 5 /PRNewswire-FirstCall/ -- SiriCOMM, Inc. (OTC
Bulletin Board: SIRC) today announced revenues and earnings projections for the
next five years based on current and projected growth of the Company. SiriCOMM,
Inc. expects to generate over $3.1 Million in its fiscal year beginning 10/1 and
attain profitability in the fourth fiscal quarter. For the following year,
SiriCOMM anticipates revenues of $28.3 Million with EBITDA of over $16 Million
and over $10 Million in net profits. The Company is projecting continued growth
through year five with annual revenues of over $120 Million and net profits of
over $35 Million.
"We expect our revenues and profits to grow at a very sustainable rate
over the next five years. SiriCOMM has successfully tested its technology in
field tests and beta sites over the last three years of operations. We are now
leaving the development phase and moving ahead into the operational and growth
phase of SiriCOMM's business. The $500 billion market that we serve desperately
needs SiriCOMM's software solutions and its low-cost, broadband data network.
The Company has patents and patents pending on both the software and broadband
data network. We feel this is an important consideration for investors. The
bottom line is that we are committed to delivering long-term value for both our
customers and our investors," commented Henry P. (Hank) Hoffman, President and
CEO of SiriCOMM, Inc.
SiriCOMM, Inc., Joplin, MO ( www.siricomm.com ; SIRC-OTC.BB), is a
broadband wireless applications service provider serving the highway
transportation industry. The Company's unique virtual private network solution
integrates multiple technologies including satellite communications, Wi-Fi
wireless networking, and productivity enhancing software. SiriCOMM's satellite
link provides up to 48 Mbps communications between its central hub server and
each remote site regardless of physical location. The Company's patent pending
network design has been optimized to thoroughly utilize resources resulting in
total data communications rates that are more than 20 to 100 times faster than
other wireless solutions. In addition, the company's unique software solutions
leverage this ultra high-speed, open-architecture data network to deliver
significant cost reduction and productivity improvement opportunities to users.
Statements about the future performance of SiriCOMM, economic trends,
and other forward-looking statements in this release are made pursuant to the
"safe harbor" provisions of the Private Securities Litigation Reform Act of
1995. Investors are cautioned that such forward-looking statements involve risks
and uncertainties, including without limitation, continued acceptance of
SiriCOMM's products, increased levels of competition for the company, new
products and technological changes, SiriCOMM's dependence on third-party
suppliers, and other risks detailed from time to time in SiriCOMM's periodic
reports filed with the Securities and Exchange Commission. SiriCOMM provides no
assurance regarding the actual outcome of the events contemplated by any
forward-looking statements included in this release.
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