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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: Sheri who wrote (5106)	10/1/1998 9:30:00 PM
From: Mr. Stress	Read Replies (2) \| Respond to of 119973

This release looks MUCH better for COOL: ------------------------------------------ Cyberian Outpost sees upside By Corey Grice Staff Writer, CNET News.com October 1, 1998, 4:15 p.m. PT Cyberian Outpost, an e-commerce leader, today reported better-than-expected second-quarter results despite a widening loss. The company posted a net loss of $5.6 million or 29 cents a share on a pro forma basis, compared with a net loss of $838,000 or 10 cents a share on a pro forma basis reported for the like quarter a year ago. Wall Street expected the company to lose 43 cents a share, according to First Call. The company's quarterly revenue rose to $17 million from $4.6 million last year. "Cyberian Outpost has clearly positioned itself as the leading Internet-only retailer of computer hardware, software, and peripheral products to the consumer and SOHO [small office/home office] markets," chief executive Darryl Peck said in a statement. "With net proceeds of $67 million from our July 1998 IPO, we can continue to aggressively expand our global customer base and encourage repeat buying." The company saw its share price jump seven points over the price of its first trade after going public in late July. Cyberian Outpost stock closed down nearly 3 percent today at 10.125 ahead of the earnings report. The shares have traded as high as 26 and as low as 5.9375 since the company went public. The company also announced today that it doubled its customer base to 161,000 during the first half of the fiscal year and that it will begin a radio, TV, and print advertising campaign during the second half. Cyberian Outpost also inked agreements with USA Today Online, Pathfinder, and StarMedia during the second quarter, the company said.