LOL I wonder why.... Incredibile news
COMTEX) B: GOCA.com Reports $11,181,635 in Revenues for the Quarter
B: GOCA.com Reports $11,181,635 in Revenues for the Quarter Ended March 31,
1999; 1998 Total Revenues Surpassed by 351%
NEW YORK (May 28) 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 a $25 billion
market by the year 2002. Go Call Inc. is following the success of its
competitors within the Internet Gaming market which include Cryptologic
Inc. (TSE:CRY.TO), Starnet Communications International Inc. (OTC
BB:SNMM) and Youbet.com Inc. (OTC BB:UBET).
Go Call Inc. (OTC BB:GOCA), (www.goca.com), develops, markets and
manages secure, progressive and profitable ventures springing from the
Internet entertainment and E-commerce revolution.
The statements in this news release may contain forward-looking
statements within the meaning of Section 27A of the Securities Exchange
Act of 1933 and Section 21E of the Exchange Act of 1934 and are subject
to the safe harbor created by these sections. Actual results could
differ materially from those described herein as a result of certain
factors and circumstances.
-0- LES/la* TJM/la
CONTACT: Go Call Inc.
Ian Smith, 519/651-2121
ir@goca.com |
