And earnings from yesterday:
Pawnbroker.com Reports Q2 Fiscal Year 2000 Financial Results
RENO, NV, Dec. 29 /CNW/ - Pawnbroker.com, Inc. (OTC BB: PBRR), the future
online provider of previously-owned, higher-value merchandise for immediate
purchase, today announced results for its second fiscal quarter, the three
months ending September 30, 1999.
For the quarter, Pawnbroker.com, a development stage company, reported no
revenue and a net loss of ($533,623) or ($0.03) per share and, for the first
six months of its fiscal year 2000, no revenue and a loss of ($736,972), or
($0.04) per share.
"During the past quarter we made tremendous progress as we worked towards
delivering our commerce site scheduled for early 2000," said Neil McElwee, CEO
of Pawnbroker.com. "We look forward to the now year and all the opportunities
it will bring."
Pawnbroker.com made a number of significant announcements during the
quarter including:
9/30/99 Pawnbroker.com Assembles Advisory Board
9/22/99 Pawnbroker.com Appoints Silicon Valley Veteran as CEO
9/15/99 Pawnbroker.com to Launch e-Business Marketplace for
Pawnbrokers and Consumers
<<
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Three month period ended For the six months ended
September 30, 1999 September 30, 1999
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Revenue None None
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Operating loss ($555,852) ($759,201)
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Other income 22,229 22,229
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Net loss (533,623) (736,972)
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Shares outstanding 16,914,750 16,914,750
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Loss per share ($0.03) ($0.04)
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September 30, 1999 June 30, 1999
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Cash $1,915,991 $2,862,751
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Prepaid expense and deposits 7,331 1,813
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Net capital assets 469,492 344,477
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Total assets $2,392,814 $3,209,041
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Accounts payable and accrued
liabilities $43,467 $35,745
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Short-term loans 290,336
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Stockholder's equity 2,349,347 2,882,970
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Total liabilities and
stockholders equity $2,392,814 $3,209,041
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>>
About Pawnbroker.com
Pawnbroker.com, an emerging e-tailer of previously-owned, higher-value
merchandise available for immediate purchase, is the world's first online
network of pawnbrokers to sell in a global marketplace. Consumers can expect
to find high-quality merchandise such as jewelry and gemstones, watches,
electronics, musical equipment and collectibles. Pawnbroker.com plans to offer
the pawnbroker industry powerful services including a global online sales
channel, industry information and news, and communication tools.
Pawnbroker.com was founded in April 1999 and the Company headquarters are
located in Reno, NV. For further information about Pawnbroker.com, Inc., visit
our website at www.pawnbroker.com.
Pawnbroker.com and the Pawnbroker.com logo are trademarks of
Pawnbroker.com, Inc. All other company and product names are mentioned for
identification purposes only, and may be trademarks of their respective
companies.
This press release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Such forward-looking
statements include statements regarding the Company's future business plans,
product and web site offerings, business opportunities and expectations. All
forward-looking statements are subject to certain risks, uncertainties and
assumptions, including changes in market conditions in the industries in which
the Company operates. Some of these risks are more fully described in
Pawnbroker.com's registration statements and reports filed with the Securities
and Exchange Commission. Should one or more of these risks or uncertainties
materialize, or should the assumptions prove incorrect, actual results may
vary in material aspects from those currently anticipated.
For further information:Press Inquiries: Herman Communications,
T: (650) 343-7050, F: (650) 343-7155, kherman@hermancom.com; Investor
Inquiries: The Investor Relations Group, T: 800-444-9214, F: (604) 689-6155,
pawnbroker@invrel.com
PHIL |
