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To: If only I'd held who wrote (98787)	9/22/1999 4:30:00 PM
From: Rainy_Day_Woman	Respond to of 119973

COOL Outpost.com Net Sales More than Double Over Same Quarter Last Year Gross Margin Increases to 11.5% from 10.4% in Q1 KENT, Conn., Sept. 22 /PRNewswire/ -- Cyberian Outpost, Inc. (Nasdaq: COOL - news), a leading global Internet retailer, today announced financial results for the second quarter ended August 31, 1999. Net sales for the quarter were $36.7 million, an increase of approximately 115% over net sales of $17.0 million for the same quarter last year. Outpost.com reported gross profit for the quarter of $4.2 million, an 11.5% gross margin, up from gross profit of $1.7 million and gross margin of 9.9% for the same quarter last year. The current quarter's gross margin represents a sequential growth of 11% over the 10.4% gross margin for the quarter ended May 31, 1999. The Company reported a fiscal 2000 second quarter net loss of $8.4 million, or a basic and diluted net loss per share of $0.36, compared to a net loss of $6.0 million, or a basic and diluted net loss per share of $0.50, for the same quarter last year. On a pro forma basis, basic and diluted net loss per share were $0.36 and $0.29, for the quarters ended August 31, 1999 and 1998, respectively. Net sales for the first six months of fiscal 2000 were $69.4 million, an increase of 143% over net sales of $28.6 million for the same period last year. Gross profit for the six month period totaled $7.6 million, a nearly three-fold increase over gross profit of $2.7 million for the same period a year ago. Outpost.com achieved solid customer growth, ending the quarter with approximately 390,000 customers in over 150 countries, a quarterly sequential increase of 18%. Purchases from existing customers remained very strong, with repeat buyers accounting for approximately 50% of net sales in the second quarter.