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Technology Stocks : MessageMedia Inc. (MESG) -- Ignore unavailable to you. Want to Upgrade?

To: Gutterball who wrote (282)	7/25/1999 11:29:00 AM
From: DUCT TAPE HAIR CLUB	Respond to of 553

1,785,500

To: Gutterball who wrote (282)	7/29/1999 5:00:00 PM
From: Gutterball	Respond to of 553

MessageMedia Inc. Reports 498% Increase in Revenue Over Second Quarter 1998 and 73% Increase Over First Quarter 1999 Growth Fueled by Company's Success in Burgeoning E-Messaging Services Market BOULDER, Colo.--(BUSINESS WIRE)--July 29, 1999-- MessageMedia Inc. (Nasdaq: MESG), a leading provider of e-mail-based customer relationship management and direct marketing services, today announced revenue of $1,302,117 for the quarter ended June 30, 1999. This represents an increase of 498% over revenue of $217,625 for the same quarter of last year, and a 73% increase over the prior quarter of 1999. Net loss for the second quarter of 1999 was $6,152,171, or net loss per share of $0.14, based on weighted average shares outstanding of 43,971,636. These results compare to a net loss of $4,026,534 for the second quarter of 1998, or net loss per share of $0.32 based on weighted average shares outstanding of 12,763,183. The increase in the net loss was primarily attributable to the amortization of goodwill from prior acquisitions, which is a non-cash affecting item. Total operating expenses in the second quarter of 1999 were $3,861,051, compared to $3,695,477 in the second quarter of 1998. This controlled increase in operating expenses is directly correlated to revenue growth and the Company's increasing customer base. As of June 30, 1999, the Company had 44,277,201 shares outstanding. MessageMedia attributed strong results to the continued growth of its Internet-based e-mail messaging business both in enhanced revenue and a broadening client base. New client contracts in the quarter include Yahoo!, CMP Media, Reader's Digest and GeoCities, among others. MessageMedia will provide Yahoo!, a global Internet company, with complete management of Yahoo!'s personalized permission-based direct marketing programs. CMP Media, a leading provider of high-tech media and information services, named MessageMedia a preferred messaging vendor for its e-mail messaging activities. Reader's Digest, a global publisher and marketer, has selected MessageMedia to provide services for its e-mail communications with customers and potential customers and its e-commerce database marketing. In addition, MessageMedia has been selected by GeoCities, one of the fastest growing communities of personal Web sites on the Internet, to deliver periodic messages, newsletters and other advisories. ''Our revenue growth and increasing roster of blue-chip clients is indicative of our value proposition to partner with companies in building their relationships online,'' said Larry Jones, president and chief executive officer of MessageMedia. During the second quarter we accomplished several strategic initiatives that brought us one step closer to becoming the one-stop-shop provider for e-mail services.'' During the second quarter the Company announced letters of intent to acquire Revnet Systems, Inc. and Decisive Technology, which were converted to definitive agreements in July. The Company also signed new strategic customers and partners, solidified an outstanding management team, and was included in the Russell 2000 and Russell 3000 Indices. The move to acquire Revnet Systems Inc. will expand MessageMedia's product line with e-messaging software solutions. Decisive Technology enhances MessageMedia's offerings with services that continuously monitor and analyze customers' perceptions to improve business performance and build customer loyalty. Revnet Systems and Decisive Technology bring an impressive roster of blue chip clients, including EDS, Universal Studios, and the Wall Street Journal with Revnet, and America Online, Microsoft and Apple with Decisive. In addition, MessageMedia has developed partnerships with VStream, for the inclusion of streaming voice communications to MessageMedia's robust suite of messaging services and with Peppers and Rogers Group, which will cooperate in a wide range of initiatives aimed at assisting companies with adoption of permission-based, one-to-one e-mail-marketing. About MessageMedia Inc. MessageMedia (Nasdaq: MESG - news) is a leading provider of e-mail-based customer relationship management and direct marketing services. The Company offers a comprehensive suite of outsource messaging services for information delivery, e-commerce services, permission-based direct marketing and ongoing customer communications using industry standard Internet protocols. MessageMedia's customer portfolio includes clients from the financial services, publishing, direct marketing, retailing and electronic commerce industries. Clients include E*TRADE, Reader's Digest, GeoCities, Intuit, CMP Media, Yahoo!, Barclays Bank and Bertelsmann. SOFTBANK and its affiliates own approximately 49% of the outstanding common stock of MessageMedia Inc. Pequot Capital Management, a Connecticut-based research-intensive investment firm with more than $5 billion in assets under management, is also a major investor in MessageMedia. ''Safe Harbor'' Statement Under the Private Securities Litigation Reform Act: With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties. These risk factors include, but are not limited to, the integration of a new senior management team, MessageMedia's limited operating history, the integration of recent acquisitions, risks associated with pending and future acquisitions, the anticipated fluctuations in operating results, the uncertain acceptance of new services being offered, and undeveloped and rapidly changing market and other factors detailed in MessageMedia's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 1998 and its most recent Quarterly Report on Form 10-Q. All companies and product names are trademarks of their respective owners. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. MessageMedia undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. MessageMedia Inc. 6060 Spine Road, Boulder, Colo. 80301 Phone: (303) 440-7550; Fax: (303) 440-0303; messagemedia.com financial statements follow #reply-10714307

To: Gutterball who wrote (282)	7/29/1999 5:01:00 PM
From: Gutterball	Respond to of 553

Consolidated Statements of Operations Look back at Q1 numbers here... #reply-9240809 1999 vs 1998 Comparisons Three Three Six Six months months months months ended ended ended ended June 30, June 30, June 30, June 30, 1999 1998 1999 1998 -------- --------- ------- -------- Revenues $1,302,117 $217,625 $2,055,644 $498,294 Cost of revenues 272,756 16,037 380,803 34,637 ---------- ---------- ---------- ---------- Gross profit 1,029,361 201,588 1,674,841 463,657 Operating expenses: Marketing and sales 1,370,480 420,965 2,312,422 1,213,499 Research, development & engineering 852,186 1,252,689 1,789,004 2,896,745 General & administrative 1,638,385 1,209,657 2,985,323 2,230,721 Merger integration & restructure --- 812,166 1,025,000 812,166 ---------- ---------- ---------- ---------- Total operating expenses 3,861,051 3,695,477 8,111,749 7,153,131 ---------- ---------- ---------- ---------- EBITDA (2,831,690) (3,493,889) (6,436,908)(6,689,474) Depreciation & amortization 3,401,564 440,812 6,815,048 840,075 ---------- ---------- ---------- ---------- Loss from operations (6,233,254) (3,934,701) (13,251,956)(7,529,549) Interest income, net 81,083 (26,209) 96,202 (8,497) ---------- ---------- ---------- ---------- Net loss (6,152,171) (3,960,910) (13,155,754)(7,538,046) Preferred stock dividend --- (65,624) --- (153,126) ---------- ---------- ---------- ---------- Net loss applicable to common shares $(6,152,171)$(4,026,534) $(13,155,754)$(7,691,172) ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- Net loss per share, basic and diluted $(0.14) $(0.32) $(0.31) $(0.69) Shares used in per share computation, basic and diluted 43,971,636 12,763,183 42,286,890 11,183,418 1999 Quarterly Comparisons Three months ended Three months ended March 31, 1999 June 30, 1999 -------------- ------------- Revenues $ 753,527 $ 1,302,117 Cost of revenues 108,047 272,756 ------------ ----------- Gross profit 645,480 1,029,361 Operating expenses: Marketing and sales 941,942 1,370,480 Research, development & engineering 936,818 852,186 General & administrative 1,346,938 1,638,385 Merger integration and restructure 1,025,000 --- ------------ ----------- Total operating expenses 4,250,698 3,861,051 ------------ ----------- EBITDA (3,605,218) (2,831,690) Depreciation & amortization 3,413,484 3,401,564 ------------ ----------- Loss from operations (7,018,702) (6,233,254) Interest income, net 15,119 81,083 ------------ ----------- Net loss $ (7,003,583) $ (6,152,171) Net loss per share, basic and diluted $ (0.17) $ (0.14) Shares used in per share computation, basic and diluted 40,583,425 43,971,636 MessageMedia, Inc. Consolidated Balance Sheets June 30, 1999 December 31, 1998 ---------------- -------------- (unaudited) Assets Current assets: Cash and cash equivalent $ 10,112,132 $ 4,659,375 Accounts receivable, net 947,303 680,927 Prepaid expenses and other 409,046 429,963 ------------ ----------- Total current assets 11,468,481 5,770,265 Furniture equipment and software, net 1,225,095 1,475,720 Organization and other costs, net 26,642 50,835 Intangibles 17,661,312 23,894,715 Deposits and other 27,000 29,446 ------------ ----------- Total assets $ 30,408,530 $ 31,220,981 ------------ ----------- ------------ ----------- Liabilities and stockholders' equity Current liabilities: Accounts payable $ 642,506 $ 1,383,197 Accrued compensation and related liabilities 217,553 148,419 Accrued interest --- 15,226 Deferred revenue --- 36,000 Current portion, debt obligations 17,038 503,990 Merger integration and relocation accrual 378,345 --- Other accrued liabilities 791,615 583,770 ------------ ----------- Total current liabilities 2,047,057 2,670,602 Debt obligations 6,935 66,869 Total stockholders' equity 28,354,538 28,483,510 ------------ ----------- Total liabilities and stockholders'equity $ 30,408,530 $ 31,220,981 ------------ ----------- ------------ ----------- -------------------------------------------------------------------------------- Contact: MessageMedia Inc. Larry Jones, President and Chief Executive Officer 303/381-7141 ljones@messagemedia.com or Beth Mayfield, 303/381-7500 investor@messagemedia.com

To: Gutterball who wrote (282)	7/29/1999 5:36:00 PM
From: Gutterball	Read Replies (1) \| Respond to of 553

I'd like to thank all those who participated in Guess the Q2 Revenues for Messagemedia's which came in at 1.3 million #reply-10714292. Here's a review of the contestants... #reply-10645895, $1.7 million - DUCT TAPE HAIR CLUB #reply-10652296, $1.6 million - White Shoes #reply-10645028, $1.5 million - Dan Meckenstock I'd also like to thank those who guessed in their hearts but were afraid to post. The whole idea was to get people thinking. I realize some Yahoo!s made estimates, but who takes them serious? With that said, may I have the envelop please... And the wiener is... $1.5 million - The Venerable Dan Meckenstock