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Technology Stocks : FUTO - FUTUREONE, INC - Converging Technology -- Ignore unavailable to you. Want to Upgrade?

To: Lundens who wrote (3)	10/18/1999 9:36:00 PM
From: Selfop	Respond to of 10

This NEWS sparked my interest today. Bought a few shares at $2.00. FutureOne Announces Revenues Increase 742% for the Third Quarter of Fiscal 1999 PHOENIX--(BUSINESS WIRE)--Oct. 18, 1999--FutureOne, Inc. (OTC BB:FUTO), www.futureone.com, announced today that revenues for the third quarter of the company's fiscal year ending September 30, 1999 increased significantly over the third quarter of 1998. Revenues for the third quarter of 1999 increased 742% from $391,000 for the third quarter of 1998 to $3,291,000 for the third quarter of 1999 and revenues for the nine months ended June 30, 1999 increased 800% from $936,000 for the for nine months ended June 30, 1998 to $8,418,000 for nine months ended June 30, 1999. Earl J. Cook, executive vice president/treasurer, stated, "We continue to see growth in revenues from many of our acquisitions made late last year and early this year. During the first four months of fiscal 1999 our revenues surpassed the $3,021,000 of annual revenues for fiscal 1998 and annual revenues for fiscal year 1999 are anticipated to be approximately $12,000,000." About the company: The company is engaged in: Convergence Technology and Telecommunications Services -- NeighborComm(TM), www.neighborcomm.com FutureOne is developing broadband convergence technology solutions for residential and commercial applications. FutureOne intends to ultimately provide bundled communication services that include voice, video and data services through a single high-speed fiber-optic cable linked directly to residential developments or business and industrial complexes similar to services recently announced by AT&T (NYSE:T), Sprint (NYSE:FON), Microsoft (Nasdaq:MSFT) and MCI/WorldCom (Nasdaq:SCOM). The Company is a strategic partner with Lucent Technologies (NYSE: LU) in the development of its NeighborComm technology. The company's NeighborComm communities will also include an Intranet designed specifically for the community it serves. Internet Services -- Internet access and complete e-business solutions provider. Communications Equipment Sales -- including complete lines of name brand communications and computer products. Broadband Communications Engineering and Construction Services -- Providing engineering, underground cable installation and horizontal drilling and boring services for all types of underground construction. Information provided herein by the Company may contain "forward-looking" information, as that term is defined by the Private Securities Litigation Act of 1995 (the "PSLRA"). These cautionary statements are being made pursuant to the provisions of the PSLRA and with the intention of obtaining the benefits of the "safe harbor" provisions of the PSLRA. The company cautions investors that any forward-looking statements made by the company are not guarantees of future performance and that actual results may differ materially from those in the forward-looking statements as a result of various factors. The company undertakes no obligation to publicly update or revise any forward-looking statement. CONTACT: FutureOne, Inc. Earl J. Cook, 602/850-4589 Vp2@futureone.com KEYWORD: ARIZONA BW0053 OCT 18,1999 3:31 PACIFIC 6:31 EASTERN