(COMTEX) B: Cole Computer Corporation Announces Record Revenues for F
B: Cole Computer Corporation Announces Record Revenues for Fourth Quarter 2000
and Fiscal Year 2000
OKLAHOMA CITY, Jan 8, 2001 (BUSINESS WIRE) -- Cole Computer Corporation
(OTCBB:COLV.OB), an Oklahoma City-based manufacturer of personal computers
("Cole Computers" or "Company"), announced today preliminary sales results for
its fourth quarter ended Dec. 31, 2000 and fiscal year ended Dec. 31, 2000.
The Company had record revenues of $3,692,529 for fourth quarter 2000, as
compared to revenues of $1,860,873 for fourth quarter 1999; an increase of
$1,831,656 or 98%. The $3,692,529 fourth quarter 2000 revenue figure represents
a sequential increase of $961,556 or 35% over third quarter 2000 revenue of
$2,730,973. The increase was due from $1,207,586 in related party transactions
and $624,070 in non-related party transactions.
The Company had record revenues of $10,947,228 for the 12 months ended Dec. 31,
2000, as compared to revenues of $8,737,700 for the 12 months ended Dec. 31,
1999, an increase of $2,209,458 or 25%. The $2,209,458 increase in sales when
comparing 2000 to 1999 resulted from $1,713,136 in related party transactions
with Lasertech, and $496,322 of full year sales in 2000 from the three (3)
retail stores that opened in 1999, stores No. 10, No. 11 and No. 12.
Gross and Net Profit numbers were not available at announcement time.
Brad Cole, CEO of Cole Computer Corporation, stated that, "Fourth Quarter 2000
was the best quarter in the Company's history. Our fourth quarter 2000
performance is especially gratifying when compared to the performance of our
peers within the personal computer manufacturing sector and is a reaffirmation
of our business plan."
Cole Computer Corporation manufactures and sells wholesale and retail
"Ready-to-Go" and customized personal computers. Each system is manufactured
with quality components and given the Cole Computer personal touch.
Additionally, the Company sells components to repair, upgrade or build complete
personal computers. For more information on these goods and services, visit the
Cole Computer e-commerce Web site at okcmasters.com, the Cole
Computer home page at colecomputercorp.com or one of the company's 13
retail outlets operating under the trade name "Computer Masters" in Oklahoma,
Arkansas and "Your Computer Masters Store" in Texas.
Cole Computer's corporate strategy combines the custom-designed personal
computer to your specifications, coupled with the "small town" personalized
service.
Except for factual information contained herein, certain matters set forth in
this press release are forward-looking statements that are subject to
uncertainties, including, but not limited to, government regulation, taxation,
spending, competition, general economic conditions and other risk factors. For
additional information concerning Cole Computer Corporation, please contact our
investor relations representative, Juan Ferreira of Corporate Image Bureau, at
407/774-1529. You may also visit our Web site at
colecomputercorp.com. Quote for referenced ticker symbols: COLV.OB.
CONTACT: Cole Computer Corporation, Oklahoma City
Brad Cole, 405/491-7300 or 888/479-9093
Fax: 405/491-7361
colecomputercorp.com
or
Corporate Image Bureau
Juan Ferreira, 407/774-1529
Fax: 407/774-0437
URL: businesswire.com
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Copyright (C) 2001 Business Wire. All rights reserved.
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KEYWORD: OKLAHOMA ARKANSAS TEXAS
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
E-COMMERCE
HARDWARE
MANUFACTURING
SOFTWARE
EARNINGS
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