newswire.ca
Totally Hip Software Inc. announces second quarter shows increase in sales - software sales up 350%; overall
sales up 24%
VANCOUVER, May 31 /CNW/ - Totally Hip Software Inc.
Alberta Stock Exchange: THW
Totally Hip Software Inc. (Alberta Stock Exchange: THW) today announced
the results for its second quarter ended March 31, 1999. Software sales in the
quarter have grown substantially over the comparable quarter of the previous
year. The results show the initial popularity of LiveStage(TM), which was
released during the quarter, and the growth in the number of WebPainter(TM)
users.
Sales increased to $147,723 for the three months ended March 31, 1999
compared to $118,919 for the comparable quarter of the prior year. Software
sales increased to $134,223 in the quarter ended March 31, 1999 compared to
$37,683 in the comparable quarter of the previous year. Sales of content
decreased to $13,500 in the quarter ended March 31, 1999 compared to $81,236
in the comparable quarter of the previous year.
Sales for the six months ended March 31, 1999 reached $274,512 compared
to $202,870 for the six months ended March 31, 1998. Software sales increased
to $216,012 in the six months ended March 31, 1999 compared to $121,634 in the
comparable period of the previous year. Sales of content decreased to $58,500
for the six months ended March 31, 1999 compared to $81,236 in the comparable
quarter of the previous year.
The loss for the six month period ended March 31, 1999 was $1,053,737, or
$0.07 per share, compared to a loss of $941,638, or $0.07 per share, in the
six month period ended March 31, 1998. The loss for the three month period
ended March 31, 1999 was $577,326, or $0.04 per share, compared to a loss of
$601,177, or $0.04 per share, in the three month period ended March 31, 1998.
The December 31, 1999 Quarterly Report can be viewed or downloaded from
Totally Hip Software's Web site: totallyhip.com
Totally Hip Software Inc., founded in 1995, designs, develops and markets
award-winning multimedia software tools and content for the Internet. The
Company is traded on the Alberta Stock Exchange (Trading Symbol: THW). (C)
1999 Totally Hip Software Inc. All rights reserved.
The Alberta Stock Exchange has neither approved nor disapproved of the
contents of this press release. |
