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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (13662)	8/19/1999 11:48:00 PM
From: Trade4$	Read Replies (1) \| Respond to of 52051

QSSY just got some more news today. Copy follows but first I would like to post bewilderment at the price action today with the news of the profitability of Q-Seven Systems. (An Internet that makes money!--more than most thought too) I am long on this security and know that with things that are coming, it will go up significantly. Short term however has me puzzled. I know it has been bashed lately by short sellers but still.... Any comments? Q-Seven Systems Announces Sales and Earnings for the Second Quarter MONHEIM, Germany--(BUSINESS WIRE)--Aug. 19, 1999--Q-Seven Systems Inc. (OTC Bulletin Board: QSSY - news) today announced that the company's revenues from its pay sites increased from $106,995 in 1998 to $224,248 for the three month period ended June 30, 1999 -- an increase of approximately 109%. Profits for the quarter increased from $14,314 in 1998, to $67,423 in 1999 -- an increase of approximately 371%. During the first week of June 1999, a new Web Master program was initiated that has caused the rate at which members are joining the company's sites to nearly double. These increases are not reflected in the numbers reported for this quarter due to a lag time in payment from service providers. However, they will begin to show up in future reports. Philipp Kriependorf, president of Q-Seven, said today, ``We are very pleased with the growth of our pay sites and expect that they will continue to grow in the future giving us a sound financial base to build on. We are currently preparing the closing of several agreements that have been negotiated for the last six weeks and are planning resources for the implementation and delivery of the first online casinos. We are also looking forward to three upcoming trade shows we will be attending in September and October. This will be the first opportunity the company has had to present its new software to the Internet business community in a significant way and believe we will encounter many new licensees at these shows.'