ALERT, IS THIS A DOUBLE OR TRIPLE?
"Buy low, Sell high"
"You got to know when to hold them and know when to
fold them"
NGWY TO ACQUIRE ADMR
ADMOR MEMORY CORP. ANNOUNCES NINE MONTHS RESULTS OF OPERATIONS
------------------------------------------------------------------------
Revenue Growth Trend Continues
IRVINE, Calif., June 12 /PRNewswire/ -- Admor Memory Corp. (OTC
Bulletin Board: ADMR), announced today that revenues for the nine month
period ended March 31, 1998 increased by $16,402,816 million, or 77.2%,
to $37,650,545 million compared to $21,247,729 million for the same
period in 1997. Net income for the nine-month period in 1998 increased
to $484,438 from a loss of ($233,883) for the same period in 1997.
Earnings per share increased to $.11 for the 1998 period, from a loss
of ($.06) per share for 1997.
Revenues for the three-month period ended March 31, 1998 were $11,549,
477 million as compared to $8,437,563 million for the same period in
1997. Net loss for the quarter was ($109,808).
Admor Chairman & CEO Michael Rapp continues to be encouraged by the
increase in revenues and the Company's long term outlook even though
the on going decline in computer add-on memory prices contributed to an
operating loss for the latest 3 month period. Mr. Rapp said growth,
measured by volume of modules, was up 13% for the quarter while overall
module unit prices declined by over 21%. "Our nine month results
reflect Admor's unwavering commitment to its customers to provide
quality compatible products for the latest in computer designs and
software enhancements," stated Rapp.
Admor Memory is a rapidly growing computer memory designer and
manufacturer. The Company markets and distributes a complete line of
original equipment and aftermarket memory upgrade products for nearly
all PCs, servers, workstations and related computing devices to
value-added resellers, OEMs and systems integrators worldwide.
Admor Memory Corp.
Summary of Results
(Unaudited)
3 Month Period
9 Month Period Ended March 31, Ended March 31,
1997 1998 1998
Net Operating Revenues $21,247,729 $37,650,545 $11,549,477
Net Income(Loss) ($233,883) $484,438 ($109,808)
Earnings(Loss) Per Share:
Basic ($.06) $.11 ($.02)
Diluted $.10 ($.02)
Common Shares Outstanding 4,555,447 4,677,235 4,677,235
NOTE: This press release contains forward-looking statements that
are subject to risks and uncertainties that could cause results to
differ materially from those set forth in the forward- looking
statements. These forward-looking statements represent Admor's
judgement as of the date of this release. The Company disclaims any
intent or obligation to update these forward-looking statements.
CONTACT: Jack Bothe of JR Bothe & Associates, 800-261-8552, for
Admor Memory Corp.
SOURCE Admor Memory Corp.
-0- 06/12/98 /CONTACT: Jack Bothe of JR
Bothe & Associates, 800-261-8552, for Admor Memory Corp./
(ADMR)
CO: Admor Memory Corp. ST: California IN: CPR SU: ERN
LONG BEACH, CALIF. (July 13) BUSINESS WIRE -July 13, 1998--NetGateway
Inc. (OTC/BB:NGWY) Monday announced the acquisition of Digital Genesis,
a Microsoft Solution Provider specializing in Internet commerce
solutions.
NetGateway is a company dedicated to the implementation and management
of all phases of Web-based, business-to-business commerce for the
emerging $400 billion Internet commerce market. The company's
proprietary Internet Commerce Center (ICC) is one of the first
vertically integrated infrastructures designed to provide all essential
service functions necessary to organize the Internet for
business-to-business commerce.
Founded in 1994, Digital Genesis services include Internet/intranet
application development, Web site design, hosting and Internet commerce
solutions.
"Digital Genesis will form an important part of our total Internet
Solutions strategy," stated David Bassett-Parkins, chief operating
officer. "With the addition of Digital Genesis, we are filling out the
resource structure of the Internet Commerce Center. We are actively
seeking other acquisitions to make the ICC the most complete and
comprehensive Internet Commerce resource available anywhere."
"The Digital Genesis business solutions have streamlined processes,
improved communications and increased productivity for our clients,"
added Jeff Crandell, COO of Digital Genesis. A Microsoft Certified
Solution Provider, Digital Genesis has served such clients as Capitol
Records, Compaq Corp., Head Start Sportswear and Microsoft.
Statements in this news release that relate to future plans, financial
results, market growth, projected market patterns, or other
projections, events or anticipated performance are forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities and Exchange Act of
1934, as amended. Actual results may differ materially due to a
variety of factors. Information about certain of those factors is
contained in the company's most recently filed Form 15c2-11. Copies of
the most recent Form 15c2-11 report are available from NetGateway's
Investor Relations department and may be obtained by calling or
writing.
NetGateway www.netgateway.net ) is located at 3780 Kilroy Airport Way,
Long Beach, Calif.
-0- LES/la* BN/la
CONTACT: NetGateway
David Bassett-Parkins (investor relations)
dbparkins@netgateway.net
Bob Frojen (media relations)
rfrojen@netgateway.net
562/490-3122
562/981-7383 (fax)
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS MERGERS/ACQ Today's
News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
LONG BEACH, CALIF. (July 16) BUSINESS WIRE -July 16, 1998--NetGateway
Inc. (OTC BB:NGWY) Thursday outlined an aggressive strategy to acquire
companies that will drive commerce transactions through its Internet
Commerce Center (ICC).
NetGateway is a company dedicated to the implementation and management
of all phases of Web-based, business-to-business commerce for the
emerging $400 billion Internet Commerce market. The company's
proprietary Internet Commerce Center is one of the first vertically
integrated infrastructures designed to provide all essential service
functions necessary to organize the Internet for business-to-business
commerce.
"Ours is a clear strategy," stated Keith Freadhoff, chief executive
officer. "We do not confuse Internet use (e-mail and Web site hits)
with Internet commerce. A mistake many companies make is believing high
use equates to commerce profits. There is little correlation between
the two, as is well documented by many researchers such as the
International Data Corp.
"Those companies with fragmented solutions serving the Internet
commerce market that have not recognized this have registered huge
losses sitting in the cyberspace waiting room. Our focus is on
organizing Internet commerce for those that must use the new Internet
opportunity to sustain and enhance competitive advantage."
Key to NetGateway's strategy is control over the velocity of
transactions (and thus revenue) through its Internet Commerce Center.
Traditionally, this is done indirectly, through client companies that
utilize the ICC, paying NetGateway a percentage of all transactions.
However, the company plans to greatly accelerate this velocity by
acquiring companies that can catapult to new levels of sales and
profitability through the use of the fully integrated Internet commerce
infrastructure of the ICC.
"We are not going to build an infrastructure and then sit back waiting
for people to show up. That is a failed strategy," Freadhoff continued.
"Our intention is to control both the source and the Internet
transaction mechanism. Our strategy can be summed up as Internet
Velocity Control."
The company has strict criteria for acquisition targets. These are:
strong and experienced management, an existing business-to-business
client base and a commitment to immediately embrace Internet commerce.
"We are looking for companies that have the immediate potential to ramp
their business via Internet commerce. The type of business is less
important than the ramp potential of the transition to Internet
commerce," stated Don Corliss, president of NetGateway and leader of
the acquisition effort.
"If all the key ingredients are present, then these companies should
talk to us, because the marriage with our Internet Commerce Center will
significantly increase their sales and profitability, and build a
market leadership position in e-commerce."
Statements in this news release that relate to future plans, financial
results, market growth, projected market patterns or other projections,
events or anticipated performance are forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities and Exchange Act of 1934, as amended.
Actual results may differ materially due to a variety of factors.
Information about certain of those factors is contained in the
company's most recently filed Form 15c2-11. Copies of the most recent
Form 15c2-11 report are available from NetGateway's Investor Relations
department and may be obtained by calling or writing.
NetGateway www.netgateway.net ) is located at 3780 Kilroy Airport Way,
Long Beach, Calif.
-0- SJK/la* MW/la
CONTACT: NetGateway Inc., Long Beach
David Bassett-Parkins, 562/490-3122 (investor relations)
562/981-7383 (fax)
dbparkins@netgateway.net (e-mail)
Bob Frojen, 562/490-3122 (media relations)
562/981-7383 (fax)
rfrojen@netgateway.net (e-mail)
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED TELECOMMUNICATIONS
INTERACTIVE/MULTIMEDIA/INTERNET Today's News On The Net - Business
Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
LONG BEACH, CALIF. (July 13) BUSINESS WIRE -July 13, 1998--NetGateway
Inc. (OTC/BB:NGWY) Monday announced the acquisition of Digital Genesis,
a Microsoft Solution Provider specializing in Internet commerce
solutions.
NetGateway is a company dedicated to the implementation and management
of all phases of Web-based, business-to-business commerce for the
emerging $400 billion Internet commerce market. The company's
proprietary Internet Commerce Center (ICC) is one of the first
vertically integrated infrastructures designed to provide all essential
service functions necessary to organize the Internet for
business-to-business commerce.
Founded in 1994, Digital Genesis services include Internet/intranet
application development, Web site design, hosting and Internet commerce
solutions.
"Digital Genesis will form an important part of our total Internet
Solutions strategy," stated David Bassett-Parkins, chief operating
officer. "With the addition of Digital Genesis, we are filling out the
resource structure of the Internet Commerce Center. We are actively
seeking other acquisitions to make the ICC the most complete and
comprehensive Internet Commerce resource available anywhere."
"The Digital Genesis business solutions have streamlined processes,
improved communications and increased productivity for our clients,"
added Jeff Crandell, COO of Digital Genesis. A Microsoft Certified
Solution Provider, Digital Genesis has served such clients as Capitol
Records, Compaq Corp., Head Start Sportswear and Microsoft.
Statements in this news release that relate to future plans, financial
results, market growth, projected market patterns, or other
projections, events or anticipated performance are forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities and Exchange Act of
1934, as amended. Actual results may differ materially due to a
variety of factors. Information about certain of those factors is
contained in the company's most recently filed Form 15c2-11. Copies of
the most recent Form 15c2-11 report are available from NetGateway's
Investor Relations department and may be obtained by calling or
writing.
NetGateway www.netgateway.net ) is located at 3780 Kilroy Airport Way,
Long Beach, Calif.
-0- LES/la* BN/la
CONTACT: NetGateway
David Bassett-Parkins (investor relations)
dbparkins@netgateway.net
Bob Frojen (media relations)
rfrojen@netgateway.net
562/490-3122
562/981-7383 (fax)
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS MERGERS/ACQ Today's
News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
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