I said they were making money...prove me wrong! They are up from last year! Thats making money! I had a better article showing their improvement but I can't find it now...it showed percentage growth figures...JJ
SEATTLE -- go2net, Inc. (Nasdaq:GNET) today announced operating result, for the three months
ended December 31, 1997.
Net sales for the three months ended December 31, 1997 increased to $325,393 from $0 for the three
months ended December 31, 1996.
Gross profit as a percentage of net sales was 56% for the three months ended December 31, 1997 as
compared to 0% for the three months ended December 31, 1996.
Loss from operations for the three months ended December 31, 1997 was $652,845, as compared to a
loss from operations of $369,951 for the three months ended December 31, 1996.
Net loss for the three months ended December 31, 1997 was $504,403 as compared to a net loss of
$362,671 for the three months ended December 31, 1996.
Basic net loss per share for the three months ended December 31, 1997 was $0.11 as compared to a
basic net loss per share of $0.17 for the three months ended December 31, 1996. The number of
shares used in the computation of basic net loss per share for the three months ended December 31,
1997 and the three months ended December 31, 1996 were 4,502,341 and 2,180,510, respectively.
Russell C. Horowitz, go2net's CEO, said, "We are pleased with the progress we made in both
establishing and growing our revenue base during the quarter ended December 31, 1997. During that
quarter, we were still in the midst of building out in-house sales team. With the foundation of this
department now built, we have recently been making substantial progress in adding more advertisers
and commerce partners, particularly in the MetaCrawler Marketplace area. We anticipate that this
progress will lead to continued revenue growth for the quarter ending March 31, 1998."
go2net, Inc., ( go2net.com ) is an interactive technology company that operates a group of
Web sites and develops software. MetaCrawler ( metacrawler.com ) is a search/index
guide that combines various existing search/index guides into one guide (a "metasearch engine");
PlaySite ( playsite.com ) is a Java-based multi-user games network; and StockSite (
stocksite.com ) offers proprietary articles, portfolio tracking tools, company research and
news relating to business and finance. The Company focuses on utilizing innovative technologies to
deliver its content and to enhance the attractiveness and utility of its product offerings.
This announcement contains forward-looking statements that involve risks and uncertainties, including
those relating to the company's ability to grow its user and advertiser base. Actual results may differ
materially from the results predicted and reported results should not be considered as an indication of
future performance. The potential risks and uncertainties include, among others, the Company's
extremely limited operating history, the competitive environment in which the Company competes, the
early stage of the Web as an advertising medium, the Company's dependence on advertising
revenues and the Company's dependence on strategic relationships to drive traffic to its Web sites.
More information about the potential factors that could affect the Company's business and financial
results is included in the company's Annual Report on Form 10-K for the year ended September 30,
1997, which is on file with the Securities and Exchange Commission.
/CONTACT: Kirby Winfield, Public Relations of go2net, Inc., 206-447-1595, or fax, 206-447-1625, or
kirby@go2net.com/
Quote for referenced ticker symbols: GNET
c 1998, PR Newswire
SEATTLE, Feb. 10 /PRNewswire/ -- go2net, Inc. (Nasdaq: GNET) announced today that it has added
four partners to MetaCrawler Marketplace, including CDnow ( cdnow.com ), Z Auction (
zauction.com ) and eToys ( etoys.com ). These additions represent further
expansion into key ecommerce areas for the MetaCrawler Marketplace.
The Marketplace now offers users access to deals from premium vendors of books, music, movies,
computer products, autos, flowers, cards, gifts, wine, travel and more. go2net is currently pursuing
partnerships in other premier categories, such as apparel and electronics.
John Keister, Chief Operating Officer, added, "In the last 60 days, we have increased the number of
long-term partnerships in our Marketplace area and also in StockSite. These deals should allow us to
exceed our internal sales goals for the fiscal quarter ending March 31, 1998."
go2net also received record levels of usage for its Web sites for the month of January. In the last week
of January, the Company's Web sites were running at a pace of over 55 million page views per month,
an increase of 22% from December. A page view is defined as one electronic page of information
displayed in response to a user's request. In addition, the Company reported a usage rate of over
300,000 users per day in the last week of January.
This growth has helped the Company retain its Top 20 ranking in the Hot100 ( 100hot.com ),
a list of the 100 most visited sites on the World Wide Web as determined by home page views. As of
February 2nd, the Company and its sites were ranked 19th on the list of the 100 most visited sites on
the World Wide Web.
go2net has also been focusing on increasing its visibility and brand-name recognition on television, in
print and online. On January 9th, CNBC's Mike Wendland featured MetaSpy -- MetaCrawler's voyeur
technology -- on his show High Tech Talk, which is distributed to 215 NBC affiliates. In the February
issue of Yahoo! Internet Life magazine, go2net provided readers with the top search terms entered by
MetaCrawler users. Also, the March issues of the computer magazines PC Gamer, Boot and
MacAddict all feature full-page advertisements for go2net's PlaySite.
go2net, Inc. ( go2net.com ) is an interactive technology company that operates a group of
Web sites and develops software. MetaCrawler ( metacrawler.com ) is a search/index
guide that combines various existing search/index guides into one guide (a "metasearch engine");
PlaySite ( playsite.com ) is a Java-based multi-user games network; and StockSite (
stocksite.com ) offers proprietary articles, portfolio tracking tools, company research and
news relating to business and finance. The Company focuses on utilizing innovative technologies to
deliver its content and to enhance the attractiveness and utility of its product offerings.
This announcement contains forward-looking statements that involve risks and uncertainties, including
those relating to the company's ability to grow its user and advertiser base. Actual results may differ
materially from the results predicted and reported results should not be considered as an indication of
future performance. The potential risks and uncertainties include, among others, the Company's
extremely limited operating history, the competitive environment in which the Company competes, the
early stage of the Web as an advertising medium, the Company's dependence on advertising
revenues and the Company's dependence on strategic relationships to drive traffic to its Web sites.
More information about the potential factors that could affect the Company's business and financial
results is included in the company's Annual Report on Form 10-K for the year ended September 30,
1997, and quarterly report on Form 10-Q for the quarter ended December 31, 1997, which are on file
with the Securities and Exchange Commission. |
