Anything 3Q numbers are out....shame we're not trading
Subject:
FOR IMMEDIATE RELEASE
Date:
Tue, 20 Apr 1999 09:09:02 -6
From:
"Anything Internet Corporation" <anything@sitra.com>
Organization:
Anything Internet Corporation
To:
Anything.Internet.Corp.E-Mail.Distribution.List@sitra.com
ANYTHING INTERNET CORPORATION
=============================
3020 North El Paso, Suite 103
Colorado Springs, Colorado 80907
(719) 227-1903 (719) 227-1907 Fax
FOR IMMEDIATE RELEASE
~~~~~~~~~~~~~~~~~~~~~
Please contact: Sitra Enterprises, Inc.
Investor Relations
(512) 453-3817; Fax (512) 453-7553
E-Mail: anything@sitra.com
Internet: anythinginc.net
ANYTHING INTERNET ANNOUNCES RECORD
THIRD QUARTER AND NINE-MONTH RESULTS
Colorado Springs, Colorado - April 20, 1999 -- Anything Internet
Corporation announces record results from continued operations for its
third quarter and nine-months ended March 31, 1999. Revenues for the
third fiscal quarter were a record $751,934, an increase of 707% over
$93,146 for the same period a year ago. The net loss for the period
widened from $2,490 to $125,925.
For the nine-months, revenues were up 2,325% to a record $2,403,629
compared to $99,136 for the preceding year. Over the same period the
net loss increased from $13,477 to $377,861. Much of the increase in
net loss was due to increased staffing demands and the establishment
of the Tampa business-to-business sales and support office.
J. Scott Sitra, Anything Internet's President and Chief Executive
Officer, stated, "We are very pleased by our continued strong growth
in sales, new customers and overall business model acceptance. While
the months of January and February were slow industry wide, March
proved to be our strongest month ever with monthly sales exceeding the
$400,000 level for first time."
"Also during the quarter we experienced some of our first real
'growing pains.' As a result we were not able to accept all of the
business presented to us, most notably 'term' sales. Our limited
financial resources and credit facilities do not enable us to openly
engage in 'term' sales to all qualified customers. If we were to have
had the financial resources in place, our quarterly sales would have
been more than $300,000 higher. We are working on solving this
inconvenience so that we may readily accept all qualified 'term'
sales, and anticipate having a formal solution in place sometime later
this quarter," added Mr. Sitra.
Anything Internet Corporation
Statement of Operations
(unaudited)
- Three Months Ending - - Nine Months Ending -
3/31/99 3/31/98 3/31/99 3/31/98
Sales $752 $98 $2,404 $99
Cost of Sales 714 87 2,311 94
---- --- ------ ---
Gross Profit $38 $6 $93 $5
Operating Expenses 164* 9 471** 19
Net Loss ($126) (3) ($378) (14)
------ ---- ------ ----
Earnings Per Share
(EPS) ($0.04) ($0.25) ($0.12) ($1.35)
======= ======= ======= =======
Shares used in
Calculations 3,074,400 10,000 3,074,400 10,000
------------------------
* Includes $20,000 in non-cash expenses paid in Common Stock.
** Includes $72,800 in non-cash expenses paid in Common Stock.
Anything Internet Corporation, headquartered in Colorado Springs,
Colorado with a business-to-business sales and support office in
Tampa, Florida, is an Internet e-commerce holding company. Through
its wholly-owned subsidiaries, Anything Internet operates Internet
storefronts www.anythingpc.com, www.anythingmac.com and
www.anythingunix.com, and sells over 175,000 different computer
hardware, software and peripheral products. Anything Internet's
e-commerce enabling technology provides its customers with exceptional
product choices, superior pricing and delivery options, and
easy-to-use search and purchase capabilities. Banyan Corporation (OTC
Bulletin Board: BANY) controls 26 percent of Anything Internet's
Common Stock.
The Private Securities Litigation Reform Act of 1995 provides a "safe
harbor" for forward-looking statements. Certain information included
in this press release (as well as information included in oral
statements or other written statements made or to be made by Anything
Internet Corporation) contains statements that are forward-looking,
such as statements relating to the future anticipated direction of the
high technology industry, plans for future expansion, various business
development activities, planed capital expenditures, future funding
sources, anticipated sales growth and potential contracts. Such
forward-looking information involves important risks and uncertainties
that could significantly affect anticipated results in the future and,
accordingly, such results may differ from those expressed in any
forward-looking statements made by or on behalf of Anything Internet
Corporation. These risks and uncertainties include, but are not
limited to, those relating to development and expansion activities,
dependence on existing management, financing activities, domestic and
global economic conditions, changes in federal or state tax laws, and
market competition factors.
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