NEWS...(QBIZ)...(I guess I am "home alone"..LOL).....
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--May 16, 2000--QuikBIZ
Internet Group, Inc. (OTCBB:QBIZ), an Internet-related, business
communications company today announced record revenues for the first
quarter ended March 31, 2000. Revenues for the first quarter ending
March 31, 2000 were $1,726,524 versus $684,626 for the same period in
1999, an increase of 152%.
The company reported a net cash profit of $2,952 and a non-cash
loss of $67,666, versus a loss of $135,300 in the same period for
1999, a decrease of 50%. The results represent the tenth continuous
growth quarter for the company.
"We're very pleased with our strong results of the first quarter
2000," said QuikBIZ president and CEO David Bawarsky. "We continue to
advance our strategy for developing a `one-stop' shop for corporate
communications, providing advertising, marketing, public relations,
multimedia and Web communications solutions. Our ability to create
custom content for all types of electronic media, on a walk-in,
on-demand basis, in our QuikBIZ Media Centers, has set us apart from
traditional media companies," Bawarsky said.
About QuikBIZ Internet Group
QuikBIZ Internet Group, Inc. is an Internet-related
business-to-business communications holding company, which wholly owns
several subsidiaries including:
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-- QuikBIZ Media Centers, walk-in electronic media production and
duplication centers;
-- QuoteIT.com, "name your own price" shopping service for media
duplications;
-- The QuikBIZ Mall - a business-to-business communications virtual
mall;
-- QuikBIZ Express.com - an "on-line" virtual service bureau for
media duplications;
-- SmithAgency.com, a full-service advertising, marketing and public
relations agency.
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For further information about QuikBIZ Internet Group, Inc., visit
the company's Web site at quikbiz.com. For more information
about the QuikBIZ Mall visit the mall at quikbizmall.com.
The statements in this press release that relate to future plans,
events or performance are forward-looking statements that involve
risks and uncertainties, including risks associated with uncertainties
pertaining tocustomer orders, demand for products and services and
other risks identified in the Company's SEC filings. Actual results,
events and performance may differ materially. Readers are cautioned
not to place undue reliance on these forward-looking statements, which
speak only as of the date hereof. The Company undertakes no obligation
to release publicly any revisions to these forward-looking statements
that may be made to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events.
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QuikBIZ INTERNET GROUP INC
Income Statement
First Quarter Ending March 31, 2000
(unaudited)
3 Months Ending
1999 2000
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Revenue:
Advertising $ 367,089 $ 1,346,218
Multimedia services and products 317,537 380,306
Total revenue $ 684,626 $ 1,726,524
Operating expenses
Direct costs 408,331 1,435,721
Selling, general and administrative expenses 378,874 311,953
Depreciation and amortization 27,510 41,923
Total operating expenses 814,715 1,789,597
(Loss) from operations ($ 130,089) ($ 63,073)
Interest expense (5,211) (4,593)
Net loss ($ 135,300) ($ 67,666)
Weighted average number of common shares
outstanding 13,279,580 14,189,103
Basic (loss) per common share ($ 0.010) ($ 0.005)
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CONTACT: QuikBIZ Internet Group, Inc., Fort Lauderdale
Steve Rice, 954/970-3553
srice@gl-group.com
KEYWORD: FLORIDA
INDUSTRY KEYWORD: INTERNET TELECOMMUNICATIONS EARNINGS
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