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Technology Stocks : CYAA = Planned Real Estate Spin - Off -- Ignore unavailable to you. Want to Upgrade?

To: Al's Fun who wrote (89)	5/5/2000 4:10:00 PM
From: Francois Goelo	Respond to of 150

► CYAA NEWS: CyberAmerica Corporation Files Form 10KSB For Dec. 31, 1999 biz.yahoo.com Friday May 5, 1:20 pm Eastern Time SALT LAKE CITY--(BUSINESS WIRE)--May 5, 2000--CyberAmerica Corp. (OTCBB: CYAAE - news) Friday announced that it filed its Form 10KSB for the year ended Dec. 31, 1999 and expects its trading symbol to return to CYAA by mid next week. CYAA's Form 10KSB showed significant financial improvement for Dec. 31, 1999. CYAA enjoyed a significant increase in revenues and a relatively significant net profit for the year ended Dec. 31, 1999. CYAA recorded gross revenues of $6,858,784 in 1999 compared to $4,189,634 for 1998, an increase of 64 percent. CYAA recorded a net profit of $3,478,527 for 1999 compared to a net profit of $408,984 for 1998, an increase of 751 percent. As a result of these net profits, CYAA's earnings per share totaled $1.14. CYAA's net stockholder's equity increased to $7,473,761 for 1999 over $3,381,184 for 1998 an increase of 121 percent causing CYAA's book value per share to rise to $2.32. CYAA's significant increase in revenues allowed it to improve its working capital position and gain further financial stability. At Dec. 31, 1999, CYAA had current assets of $6,019,507 and total assets of $17,726,261 as compared to $2,777,442 and $12,594,655, respectively at Dec. 31, 1998. The increase in current assets allowed CYAA to enjoy a working capital surplus of $3,831,190 for the year ended Dec. 31, 1999 compared to a deficit of $1,410,156 for the year ended Dec. 31, 1998. The financial improvement that CYAA showed in 1999 will hopefully give CYAA the resources to obtain approvals from lending institutions for lines of credit to further expand CYAA's consulting and real estate operations and obtain better rates on current loans. CYAA's investment strategy and operational mode will continue to be aggressively geared towards a diversified portfolio of high risk real estate and investment securities which management believes may lead to greater returns and hopefully substantial increases in shareholder value. To help realize CYAA's future plans, management is continuing its search for additional professionals. On May 1, 2000, Ed Haidenthaller was appointed as a manager of accounting and finance. Haidenthaller served in various positions at First Security Van Kasper Inc of Salt Lake City, a full service brokerage and investment banking subsidiary of First Security Bankcorp. Prior to his employment with First Security Van Kasper Inc., Haidenthaller spent many years with Management and Training Corp., serving in various positions from pension administrator to director of finance and business administrator of a privately owned subsidiary. Haidenthaller holds an MBA from the University of Utah. CYAA President Richard Surber commented that, ``Mr. Haidenthaller is an excellent addition to CyberAmerica's management team that will help CyberAmerica make further financial gains.'' CYAA is a diversified holding company that specializes in investing and developing undervalued real estate and provides financial consulting services to public and private companies. For more information on CyberAmerica's real estate holdings please visit www.cyaa.com. For more information on the CyberAmerica's consulting service please visit www.hudsonconsult.com. CyberAmerica strongly encourages that the above information be read in conjunction with its Form 10KSB for Dec. 31, 1999. The above documents can be viewed at www.sec.gov. A number of statements contained in this press release are forward-looking statements which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including the timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. The actual results that CYAA may achieve may differ materially from any forward-looking statements due to such risks and uncertainties. -------------------------------------------------------------------------------- Contact: CyberAmerica Corp., Salt Lake City Richard Surber, 801/575-8073 Fax: 801/575-8092

To: Al's Fun who wrote (89)	5/6/2000 11:18:00 PM
From: Francois Goelo	Read Replies (6) \| Respond to of 150

► CYAA: HIGHLIGHTS of the SEC REPORT for 1999... biz.yahoo.com PORTFOLIO: The Company's portfolio consists primarily of restricted and unrestricted shares of common stock in micro to small cap publicly traded companies. This portfolio currently consists of shares of common in over 70 different companies whose operations range from that of high-tech Internet operations to oil and gas companies. The Company believes that the diversity of its current holdings is such that the overall volatility of its portfolio is significantly less than in prior years of operations. The Company generally books securities that it accepts as payment at a 25% to 75% discount of the current market value at the time the Company accepts the securities due to illiquidity of the securities because of restrictions on resale. FINANCIAL CONSULTING: Revenues from the Company's financial consulting operations increased for the year ended December 31, 1999. The Company recorded $3,822,117 in revenues for the year ended December 31, 1999, from its financial consulting operations as compared to $996,447 for the same period of 1998. This increase was due to an increase in the number of clients that retained the Company during the year ended December 31, 1999 coupled with an increase in revenues from the sale of securities previously received as payment for services rendered. REVENUE AND EARNINGS: Gross revenues for December 31, 1999 and 1998 were $6,858,784 and $4,189,634 respectively. Gross revenues for the year ended December 31, 1999 increased 64% over December 31, 1998. This is due to a $2,825,670 increase in financial consulting and a $235,018 increase in rental revenues in 1999 as compared to 1998. The net profit as a percentage increased by 786% for December 31, 1999 over December 31, 1998. The Company recorded a net profit of $3,624,067 compared to a net profit of $408,984 for December 31, 1999 and 1998, respectively. The Company's improvement in profitability is largely attributable to the increase in consulting. Additionally, the Company realized a gain from the sale of investment securities of $698,759 in 1999 as compared to gain from the sale of investment securities of $375,323 in 1998. CAPITAL RESOURCES and LIQUIDITY: At December 31, 1999, the Company had current assets of $6,019,507 and total assets of $17,726,261 as compared to $2,777,442 and $12,594,655, respectively at December 31, 1998. The Company had net working capital of $3,831,190 at December 31, 1999 compared to a working capital deficit of $1,410,156 at December 31, 1998. Net stockholders' equity in the Company was $7,473,761 as of December 31, 1999, compared to $3,381,184 as of December 31, 1998. GROWTH OF ASSETS AND SHAREHOLDERS EQUITY: ASSETS: Securities available for sale in 1999: $3,970,445... in 1998: $937,282.... TOTAL SHAREHOLDERS' EQUITY: 1999 @ $7,473,761... 1998 @ $3,381,184 FUTURE: The Company expects increases in expenses through 2000 as the Company steps up its effort to acquire additional properties and continues to grow its consulting businesses. CONCLUSION: Based on the foregoing, I expect continued Growth to translate into about $2.50 to $3.00 EPS for 2000, listing on AMEX and a potential Forward Split... Initial target: $10.00... End of Year Target: $30.00+ JMHO, F. Goelo + + +