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To: Rene Madsen who wrote (11865)	7/19/1999 8:42:00 AM
From: Jenne	Read Replies (3) \| Respond to of 19700

Trading down premarket 108 ... What is the problem??! Adforce Announces Record Revenues; Revenues Up 433% Over Same Quarter Last Year BUSINESS WIRE - July 19, 1999 07:18 CUPERTINO, Calif., Jul 19, 1999 (BUSINESS WIRE via COMTEX) -- AdForce(TM),Inc. (Nasdaq:ADFC), a leading provider of centralized Internet ad management and delivery services, today announced financial results for the second quarter ended June 30, 1999. AdForce announced record revenues for the second quarter of $4.2 million. This represents an increase of 433% over the same quarter last year, and a 30% increase over the first quarter of this year. The net loss for the second quarter was $ 0.40 per share, compared to a net loss of $1.62 per share for the same quarter last year and a net loss of $1.26 per share for the first quarter of 1999. "Our dramatic revenue growth demonstrates our leadership position as an Internet infrastructure provider as well as the strength of the AdForce business model," said Chuck Berger, Chairman and CEO. "We are particularly pleased with our growth given the transition of GeoCities to Yahoo in June. AdForce delivered over 18 billion impressions during the quarter, more than a 5 billion increase from the prior quarter, and have now solidly replaced the GeoCities volume." During the second quarter, AdForce signed contracts with Netscape International and 24/7 Media Europe, and began providing significant ad management services for traffic outside the U.S. AdForce also signed, among others, Tickets.com, Grey Interactive, Duke Communications, @POS.com and a variety of financial services customers, including Investor Broadcast Network, Tradehard.com, and Wall Street Sports. In addition, the company signed a three-year agreement with AdSmart, a CMGI company, to provide ad management services for their rapidly growing ad network. During the quarter, AdForce entered into a significant partnership with Engage, Inc., another CMGI company. "As a result of this partnership, advertisers will be able to reach their target audience more efficiently which will lead to higher CPMs for publishers and networks using the AdForce service," said Berger. "It also highlights the opportunity to leverage our position as a leading ad management and delivery infrastructure and become a datacollection and brokerage infrastructure as well." In May 1999, AdForce completed its initial public offering of 5,175,000 shares of common stock, all of which were primary shares.