To: SSP who wrote (14587 ) 11/18/1999 1:58:00 AM From: CIMA Read Replies (2) | Respond to of 150070
WIZZF - Great story, big volume over the past couple of weeks, a rising share price. A candidate for the list? Wednesday November 17, 6:02 pm Eastern Time Company Press Release SOURCE: WSi Interactive Corporation WSi Interactive Corporation beats first quarter targets VANCOUVER, Nov. 17 /CNW/ - WSi Interactive Corporation Symbols: VSE-WIZ OTC-WIZZF WSi is pleased to announce it has exceeded its first quarter targets for the three months ended September 30, 1999. Revenue of $814,493 exceeded the first quarter target of $750,000 by 9%. The net loss for the period was $(243,357), or $(0.008) per share on a fully diluted basis for the period. Losses were lower than expected by 12%. During the period, significant investment has been made by WSi in technology and human resources. Staffing during the period grew from 20 full time employees to 42. Assets grew to a value of $2.3 million. ''Investment has focused on the development of proprietary Internet businesses as well as the development of convergence technologies to facilitate video and voice over the Net'', said Theo Sanidas, the President of WSi. ''WSi is positioned with its investments in Internet convergence technologies to take advantage of the huge growth that this sector is experiencing.'' WSi's stocksecrets.com property is now turning a profit and is undergoing a complete upgrade in preparation for a re-launch of the site. Upgrades to stocksecrets.com are expected to significantly increase revenue from this property. HealthCreator.com was launched this month and will be followed by Yourwinestore.com before month's end. Increasing revenue from stocksecrets and the revenue from newly launched businesses are trending well towards WSis current fiscal year goal of $6 million in revenue. Revenue from WSi's direct marketing and web services are also trending upwards in accordance with Management's plans. The Business of WSi WSi Interactive Corporation is an innovative Internet business development and marketing firm, whose objective is to capitalize on direct marketing opportunities on the Internet. WSi builds, manages and markets online businesses in the financial, e-tailing and e-commerce, entertainment and e-advertising sectors. To receive information on WSi by e-mail or fax, please forward your Internet address / fax no. to info(at)ws-i.com / fax: (604) 687-4990. To fax your request please complete the following NAME:___________________________________________ COMPANY:________________________________________ e-mail address:_________________________________ PHONE No.:______________________________________ FAX No.:________________________________________ Send by: E-mail or fax: yes / no. Or: e-mail only: yes / no WSi INTERACTIVE CORPORATION 200 - 1200 West Pender Street, Vancouver, B.C. V6E 2S9 Toll free: (888) 388-4636 Telephone: (604) 681-8589 Fax: (604) 687-4990 Website: www.ws-i.com ON BEHALF OF THE COMPANY ''Theo Sanidas'' ----------------------- Theo Sanidas, President This news release may contain forward-looking statements that involve risks and uncertainties, including the impact of competitive products and pricing and general economic conditions as they affect the Company's customers. Actual results and developments may therefore differ materially from those described in this release. No regulatory authority has reviewed nor accepted any responsibility for the adequacy or accuracy of the contents of this release. SOURCE: WSi Interactive Corporation --------------------------------------------------------------------------------