Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : AppNet Systems, Inc. (APNT) -- Ignore unavailable to you. Want to Upgrade?

To: Sarkie who wrote (206)	5/23/2000 9:33:00 AM
From: Sarkie	Read Replies (1) \| Respond to of 232

ADVISORY/AppNet Holds First Major Investment Community Conference ================================================================ --(BUSINESS WIRE)-- *T Who: AppNet, Inc. What: Investor Conference Where: New York City When: May 23, 2000 Why: AppNet is holding its first major investment community conference at the Millennium Broadway Hotel in New York City today. During the conference, AppNet senior executives are making presentations to provide updates on the company's growth initiatives; activities with key alliance partners and customers such as Commerce One, MCI WorldCom, and UCCnet; as well as AppNet's strong push into B2B eMarketplaces. Here are some highlights being presented: -- The company is comfortable with the current analysts' consensus expectations of 2000 revenue of $190 million to $200 million and cash EPS of 29 to 30 cents. -- The company is setting new revenue targets for 2001 that would indicate revenue of $290 million to $300 million, representing 50% to 55% growth. AppNet is setting a new 2001 cash EPS target of 47 to 51 cents, representing about 65% growth. -- The company is setting new revenue targets for 2002 that would indicate revenue of $400 million to $410 million, representing nearly 40% growth. AppNet is also setting a new cash EPS target of 70 to 75 cents, representing a cumulative average growth from 2000 of more than 50% year-over-year. -- The company continues to see strong traction in working with the trading partners of UCCnet in providing e-business services with that community. -- The pipeline of potential customers from the MCI WorldCom relationship continues to be strong. -- AppNet's e-business outsourcing, or managed application services offering is growing successfully and is expected to represent 15% of revenues in 2002. These targets are being given as defined by AppNet's current business model and strategic growth priorities. The company does not assume the obligation to update these targets in the future. AppNet (NASDAQ:APNT) is a premier provider of end-to-end e-business solutions, from interactive marketing to back-office integration. For companies transforming themselves for the new Internet economy, the firm offers a unique mix of Internet strategy, marketing, and technology services. AppNet is the fourth largest interactive marketing agency according to Ad Age and one of the 50 largest pure Internet companies, according to Internet World. AppNet works with Fortune 1000 and dot.com companies. Customers include UCCnet, Baxter Healthcare, Dial, ProcureZone.com Ford, Sprint, Hyundai, bet.com, UNICEF, KB Toys, NEC, and Unilever. This press release may include "forward-looking statements" for purposes of the Securities Exchange Act of 1934. All statements herein, other than those of historical fact, including statements regarding future contractual arrangements or performance, competitive strengths, and business strategy, are forward-looking. Actual results or events may differ materially from those projected in such forward-looking statements. Information regarding the factors that could cause such differences is contained in AppNet's filings with the Securities and Exchange Commission. CONTACT: AppNet, Inc. Alla Iaquinto/Media 301/581-2489 alla.iaquinto@appnet.com or Kevin Taback/Investors 877/551-2323 ir@appnet.com KEYWORD: MARYLAND PENNSYLVANIA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS HARDWARE INTERNET SOFTWARE TELECOMMUNICATIONS E-COMMERCE ADVISORY Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 2000, Business Wire ================================================================