Friday June 4, 9:30 am Eastern Time
Company Press Release
Hitsgalore.com Announces 1st Quarter Earnings
RANCHO CUCAMONGA, Calif.--(BUSINESS WIRE)--June 4, 1999-- Hitsgalore.com, Inc. (OTC BB:HITT) today
reported 1st Quarter Earnings before Income Taxes of approximately $207,000 on Gross Revenues of $463,000 (44% of Gross
Revenues). Today the Company is filing its Form 10-Q for the three months ended March 31, 1999.
Steve Bradford, CEO of Hitsgalore.com, said, ''As a new internet company, we are very pleased to be one of the few internet companies that reports profitability.
Judging from the initial response to our national radio ads, which only began to air this week, we expect to show dramatic increases in the 2nd quarter in both
revenues and profits.''
Hitsgalore.com operates a search engine at hitsgalore.com. The Company's profitability arises from its unique business model of giving away free lifetime
banner placements, and generating sales from its sponsorships and Keyword Bid & Rank program. The Company believes this compares favorably with other
Internet portals and search engine companies that generally report net losses, such as Lycos, Inc. (Nasdaq:LCOS - news), Excite, Inc. (Nasdaq:ATHM - news),
and Infoseek Corporation (Nasdaq:SEEK - news). And unlike Yahoo! Inc. (Nasdaq:YHOO - news), Hitsgalore.com does not rely on advertisers purchasing space
on its website. Hitsgalore.com strives to provide porn-free searching and does not accept or encourage any porn or adult-content listings on its site. Hitsgalore.com
expects continued revenue growth in its core line products and services, and will bring other services online over time.
Included in this release are ''forward-looking'' statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange
Act of 1934, as amended, and as that term is defined in the Private Securities Litigation Reform Act of 1995. Although the company believes that the expectations
reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove
to have been correct. The company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors
including sales levels, distribution and competition trends and other market factors.
Contact:
Hitsgalore.com, Inc., Rancho Cucamonga
Danny Gavin, Investor Relations
800/300-5388
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