BBTC - BounceBackTechnologies.com, Inc. Announces Third Quarter Results OCEAN SPRINGS, Miss., Aug. 15 /PRNewswire/ -- BounceBackTechnologies.com, Inc. (OTC Bulletin Board: BBTC), a Minnesota corporation headquartered in Ocean Springs, Miss., announced today the results for the period ending June 30, 2000. For the three month period ending June 30, 2000, the Company reported a net income of $777,000 or $.07 per share compared to a net loss of $407,000 or ($0.04) per share for the comparable three month period in 1999. For the nine months ended June 30, 2000, the Company reported a net income of $261,000 or $.02 per share compared to a net loss of $3,268,000 or ($0.35) per share for the comparable nine month period in 1999. Weighted average number of shares outstanding as of June 30, 2000 and 1999 were 10,799,639 and 10,537,188, respectively. According to Jack Pilger, CEO and Chairman, "The Company's financial performance is much improved over the same period in 1999. The Company recognized gains and discounts from the early extinguishment of debt, licensing revenue and continued profitability from its entertainment segment. Also, the Company's gaming segment, CRC Tunisia, N.A., continues to improve on its operating results, with no extraordinary events, for both the three month and nine month periods ending June 30, 2000. The Company's newly acquired 80% owned subsidiaries BounceBackMedia.com and Raw Data Corp. operated at a loss for the periods reported. However, both entities' sales levels are improving as they continue to penetrate the market for their products. As a result, any increase in sales coupled with the leveling of operating expenses will improve both entities' profitability." The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by the Company) contains statements that are forward-looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Company. These risks and uncertainties include, but are not limited to, those relating to development and construction activities, dependence on existing management, leverage and debt service, domestic or global economic conditions, activities of competitors and the presence of new or additional competition, fluctuations and changes in customer preferences and attitudes, changes in federal or state tax laws or the administration of such laws and changes in gaming laws or regulations and laws associated with e-commerce and internet uses. For more information, review the Company's filings with the Securities and Exchange Commission, including the Company's annual report on Form 1O-K and certain registration statements of the Company. BounceBackTechnologies.com, Inc. is in the business of providing marketing and advertising business solutions to the e-commerce industry and consumers alike. Additionally, the Company owns Country Tonite Enterprises, an award-winning theatrical production company in Las Vegas, Nev., (producers of the "Country Tonite Show"). The Country Tonite Show is presently performing in Branson's Country Tonite Theatre and in the Country Tonite Theatre in Pigeon Forge, Tenn. The Company also operates a casino and 500-seat theatre in Sousse, Tunisia. SOURCE BounceBackTechnologies.com, Inc. -0- 8/15/2000 /CONTACT: Robert J. Allen, Vice President of BounceBackTechnologies.com, Inc., 228-872-5558, bob@bouncebacktechnologies.com / (BBTC)
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