Friday January 8, 11:35 am Eastern Time
Company Press Release
PetQuarters.com Reports Revenues for Last Six Months
LONOKE, Ark.--(BUSINESS WIRE)--Jan. 8, 1999--PetQuarters.com (OTC BB:PDEN - news) today announced unaudited revenues of $156,805 for the period July 1, 1998 through December 31, 1998 with more than 45% of the total revenues occurring during the last two months of this reporting period.
Additional financial information will be released later this month. ''PetQuarters.com is committed to positioning itself as the Internet's premier site for pet owners offering a wide range of food and accessories at competitive prices,'' stated Steven B. Dempsey, President and CEO.
The company recently launched their newly designed web site at petquarters.com and will soon be adding discussion boards, a free classified ad section for breeders, clubs and non-profit organizations to post pertinent information of interest to pet owners and even a lost and found section. Dempsey said, ''by offering a cohesive integration of value-added content, discussion, and products we can offer our visitors a unique shopping experience in a virtual community dedicated to pet owners.''
PetQuarters.com also secured a position as a ''Tenant'' within AOL's new Shopping Channel in October of '98. The agreement provides AOL and CompuServe members as well as visitors to AOL.com access to PetQuarters.com web site. ''We consider AOL's membership base to be a critical part of expanding the awareness of PetQuarters.com and the results have been very encouraging,'' Dempsey stated.
PetQuarters.com was formed in May '97 and launched its secure site in May of 1998. The company currently sells food and supplies for dogs, cats, birds, fish, reptiles and small animals.
The statements made in this release constitute ''forward-looking'' statements, usually containing the words ''believe,'' ''estimate,'' ''project,'' ''expect,'' or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, changing economic conditions, interest rate trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward- looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
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Contact:
PetQuarters.com
Charlyn Warner, Director of Marketing
206/521-8800 x 243, (FAX) 206/521-8808
charlynw@avenuea.com
AMHD REVENUE
Quarters
1996 1997 1998 1999
SEP 0 305 239 481
DEC 0 330 250
MAR 535 270 360
JUN 303 205 285
Totals 838 1,110 1,134 481
Note: Units in Thousands of U.S. Dollars
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