(BSNS WIRE) GOCA.com Reports $11,181,635 in Revenues for the Quarter End
GOCA.com Reports $11,181,635 in Revenues for the Quarter Ended March 31, 1999;
1998 Total Revenues Surpassed by 351%
Business Editors
NEW YORK--(BUSINESS WIRE)--May 28, 1999--Go Call Inc.
(www.goca.com), (OTC BB: GOCA) Friday reported $11,181,635 in revenues
for the quarter ended March 31, 1999.
Go Call Inc.'s revenue for the quarter ended March 31, 1999
increased 351% to $11,181,635, compared with $2,479,793 for the year
ended December 31, 1998. This represents a net loss of $320,673 or
less than $0.02 fully diluted per share for the quarter ended March
31, 1999. Along with the record revenue growth, Go Call Inc's balance
sheet showed total assets of $4,911,253 and total liabilities of
$381,448 at March 31, 1999.
Several analysts believe the company is currently undervalued in
light of the revenue growth shown in the first quarter alone. Sterling
Investment Services Inc. (www.sterlinginvestments.com), and Provest
Capital (www.provestcap.com), independent research and investment
management firms, have a buy recommendation on Go Call Inc. with a
price target of $8 per share. Go Call Inc. is also featured in
Cashcow Magazine Online (www.cashcowmag.com).
Go Call's E-commerce division, which processes transactions for
GoCasino.com (www.gocasino.com), has recorded wagering revenues of
$14,727,756 from January 1999 to April 1999. Wagering revenues are the
total amount of funds wagered by the casino players.
Gaming research analysts predict on-line gaming to become |
