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Technology Stocks : Totally Hip Software Inc. (THW) - Just the Facts -- Ignore unavailable to you. Want to Upgrade?

To: Eric Weiner who wrote (656)	12/31/1999 9:52:00 AM
From: Eric Weiner	Respond to of 704

Totally Hip announces preliminary results for fiscal 4th quarter 1999 and 1st quarter 2000 VANCOUVER, Dec. 31 /CNW/ - Totally Hip Software Inc. Canadian Venture Exchange: THW Totally Hip today announced that the Company has seen progressive improvements in sales revenue and operating costs during the fourth quarter of fiscal 1999 and the first quarter of fiscal 2000. Furthermore, Randall H. McCallum, company co-founder, Chairman and interim CEO and President has agreed to accept the duties of CEO and President on a full-time basis. David B. Dicaire will remain as COO and General Manager to continue to focus on improving operating costs, sales results and product delivery. ``As the industry consolidates through mergers and acquisitions in 2000, our next task is to see Totally Hip acquired by a larger company with the resources to allow further expansion into the growing Internet broadband media market. Our decision to exclusively focus on LiveStage Professional this past summer has resulted in an overall improvement in operating costs and improved revenues based on pre-sales, sales, and upgrades to LiveStage Professional late in the 4th quarter of fiscal 1999 and 1st quarter of fiscal 2000. I believe the Company's valuation will start to reflect an improvement for shareholders. Preliminary figures show an improvement in 4th quarter revenue and lower costs, with a lower than projected loss that is estimated at $0.02 per share. The Company is seeing a further improvement in the 1st quarter 2000 ending December 31, 1999 with a projected loss of $0.01 per share. When this is compared to a loss of $0.04 per share for the previously announced 3rd quarter 1999 and a loss of $0.04 for the 2nd quarter, we know we are on track.' said Randall H. McCallum, CEO & President. In a recent MacWEEK article, editor Matthew Rothenberg, writing for ZDNN, notes that Apple's QuickTime multimedia player arrived just in time to capitalize on rich-media content on the Web. Rothenberg concludes that Apple's QuickTime is nearly ubiquitous and that Apple's latest technologies are well-positioned to provide the framework for practically any online selling venture, stating that ``While other companies concentrate on selling their products via a Web site, Apple is devoting most of its attention on providing a framework that can sell products across the product spectrum.' ``Apple will deliver their e-commerce enabled QuickTime 4.1 multimedia player early next year. LiveStage Professional enables e-commerce companies to immediately produce, develop and deliver Internet broadband media that contains e-commerce enabled QuickTime video and rich media for the Web,' said David Dicaire, COO and General Manager. ``During 2000 our superb development and support team will continue to improve and offer the leading QuickTime authoring tools. We have set certain goals for 2000 and we plan to meet or exceed them.' On July 19, Totally Hip announced LiveStage Professional and was awarded the `Best of Show' at MacWorld New York for the alpha-stage product on July 21. In late August, an early pre-release of LiveStage Professional began pre-selling to customers based on demand. On November 8, LiveStage Professional 2.0 successfully shipped at Apple's QuickTime Live! Conference and it has since become the industry standard authoring tool for developing interactive QuickTime e-commerce and entertainment solutions for the Web. On December 16, Totally Hip announced the reacquisition of its award-winning WebPainter product family to consolidate the Company's technology and product assets. On December 31, 1999, Totally Hip will ship an update of LiveStage Professional to existing customers ahead of its previously announced year 2000 schedule. The preliminary revenue and earnings results in this news release are estimates and may change upon completion of the 1999 year end audit and 1st quarter fiscal 2000 financial results scheduled for delivery in February 2000. This press release may contain certain statements that are forward looking. These statements are based on current expectations and preliminary estimates that are subject to risks and uncertainties and actual results may differ. Totally Hip Software's (www.totallyhip.com) mission is to add interactivity to the Web. The company founded in 1995, is a developer and marketer of interactive Web development tools. These include the award-winning LiveStage, LiveStage Professional and WebPainter products that empower users to develop, produce and deliver the most engaging experience on the Web. The Company is traded on the Canadian Venture Exchange (Trading Symbol: THW). (C) 1999 Totally Hip Software Inc. All rights reserved. TOTALLY HIP SOFTWARE INC. Per: ``Randall H. McCallum' ---------------------------- Randall H. McCallum, CEO & President The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release. %SEDAR: 00003922E -30- For further information: Randall H. McCallum, CEO & President, (604) 685-6525, info@totallyhip.com To request a free copy of this organization's annual report, please go to www.newswire.ca and click on reports@cnw