To: jjs64 who wrote (59 ) 10/11/1999 10:41:00 PM From: Francois Goelo Read Replies (1) | Respond to of 131
OSCM Revenues Projected to Reach $500 Million Earnings Per Share Higher than Expected... Third Quarter Revenue of $80 Million and Net Income of $20 Millions PLAINVIEW, N.Y., Oct. 1 /PRNewswire/ -- OSCM-One Stop.Com Inc. (OTC Bulletin Board: OSCR - news), today reported results for the third quarter ended September 30, 1999. shopss.com (www.shopss.com), the pioneering virtual shopping mall and subsidiary of OSCM-One Stop.Com Inc. reported record contract sales (new orders) of $60 million, revenues of $20 million and net income of **$6 million for the quarter. OSCM Inc.'s communications division, a developer of Internet applications for fax and IP telephony, reported revenues of $80 million...**[earnings of $14 Millions...] A significant part of this revenue resulted from OSCM's partnership with CMR Communications Ltd., an Israeli based firm that develops and markets real-time fax with real-time confirmation for IP technology. ''We are now installing over 1000 gateways and 20,000 ports worldwide to support the OSCM/CMR network,'' said Moshe Brown, CEO of CMR Communications. ''Our network, which will act as a telecommunications termination partner, will target millions of new customers and will offer an array of services, including our revolutionary fax-to-e-mail service, which allows businesses and individuals to fax documents to any e-mail address in the world.'' CMR Communications, Ltd. develops and markets Real-Time fax with real-time confirmation for IP technology. The company's Reindeer Fax provides low cost fax transmission and ease of use. CMR has also established an affiliate network with a footprint in over 35 countries. This network offers: Real-Time fax to fax, Store & Forward fax to fax, PC to fax, fax to Email, fax broadcasting and fax archiving. cmr.co.il . OSCM-One Stop.Com, Inc., is a communications company specializing in providing IP telephony and CTI applications. OSCM owns shopss.com, a virtual shopping mall that enables committed shoppers to purchase a variety of consumer goods, electronics and books via the Internet. OSCM also owns and operates customer fufillment centers. These centers not only allow OSCM to offer unparralled customer service, but provides the company with unlimited growth potential. For more information: www.oscm.net www.shopss.com www.shopss.co.il (Hebrew) Disclaimer: More than half of the company's reported income is derived from a small number of customers who have made large financial commitments. Therefore, large portions of our sales are dependent upon the aforementioned customers fulfilling their contracts. The company takes reasonable measures to secure its income, however no guarantee can be made that income will materialize as scheduled. The company has received some down payments from customers who have made large financial commitments, but in light of the magnitude of these projects; these down payments are not significant enough to secure the entire project. The statements in this release regarding products and revenues are forward looking and subject to risk and uncertainty, and future results could differ materially from past performance. The Company is currently in the process of completing a 10-SB to be filed with the SEC. It is the Company's intent to file those documents for the Company to become a fully reporting company under the 1933 and 1934 Securities Acts. SOURCE: One Stop.com Inc.**NOTE: $6 Millions + $14 Millions = $20 Millions...