CPU MicroMart, Inc. Increases Revenue 71% in Third
Quarter
Thursday April 29, 6:30 am Eastern Time
Company Press Release
CPU MicroMart, Inc. Increases Revenue 71% in Third
Quarter
CPU MicroMart, Inc. Released Revenues and Expected Earnings Per Share
for the Third Fiscal Quarter Ending March 31, 1999
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--April 29, 1999--CPU MicroMart Inc. (OTC BB:EBIZ), today released the
preliminary estimated revenue and earnings results for the fiscal 1999 third quarter ended March 31, 1999 and reported a 71%
increase over the previous fiscal 1999 second quarter ended December 31, 1998.
The company's sales were $4.063 million, up 71% from $2.375 million reported for the second quarter of It's 1999 fiscal year with an
estimated loss of 3 cents per share down from a loss of 5 cents per share in the previous quarter.
''Our staff has made our success possible. Our merchant ability to purchase components and products at below market pricing has
made the competitive pricing possible for our M2 System Line and record sales of products through our e-commerce portal sites,
cpumicromart.com, ebizmart.com, and thelinuxstore.com,'' stated Brad Boyce, EBIZ Vice President of Purchasing.
''This revenue increase confirms the markets appetite for the recently launched Linux based Element-L System Line as well as the
efficiently priced M2 Systems,'' EBIZ CEO Jeffrey Rassas said. ''This represents the first step in the strategic shifting of our sales mix
and major ebizmart.com initiative.''
Stephen Herman, EBIZ President stated, ''In the first quarter of the year 94% of our sales came from the relatively low margin
Auction and Brokerage channels of distribution. This business has been reduced to 6% of our revenues in the third quarter. Our
growth has come from our system sales through our relationships with egghead.com, Fred Meyer and direct end user sales via our
own web sites where our sales increased over 200% during the third quarter.''
''The third quarter also saw the expansion of the company's business-to-business e-commerce Portal site, ebizmart.com,'' stated
EBIZ CFO Donald Altvater. ''The company's expected loss per share declined to three cents per share from losses of five and seven
cents per share for the two preceding quarters. This improvement was achieved in spite of the substantial ramp up activity required in
achieving our rapid volume growth.''
Complete financial statements are being reviewed and will be released soon.
About EBIZ Enterprises, Inc. (Publicly traded as ''EBIZ'')
EBIZ operates the leading Business-to-Business e-commerce Portal site, www.ebizmart.com. This site is dedicated and focused on
facilitating all products and service needs for the business customer. These services will include e-commerce web design, web hosting,
auction development and management, travel services, weather information, stock quotes, news feeds, phone directory, mapping,
calendar services, and e-commerce search engine. The products listed on www.ebizmart.com range from computer hardware and
software to office supplies all at wholesale pricing direct-to-the business buyer.
The company uses management and staff's merchant competency to source computer hardware and software and travel related
products at below market prices. EBIZ provides distribution, customer support, technical support, and order fulfillment for these
products and services.
The company has developed and operates www.cpumicromart.com, and www.thelinuxstore.com, which are part of the e-commerce
business-to-business Portal site www.ebizmart.com.
EBIZ designs, manufactures and distributes the nationally recognized M2 Systems Line, (Windows based Internet-Ready Multimedia
PC's) and Element-L System Line (Linux based Internet-Ready Multimedia PC's). These two System lines continue to redefine and
lead the low cost pricing landscape. M2 Systems PC brand has been recognized by Microsoft as one of North America's top 100
System Builders out of 90,000. EBIZ distributes the M2 Systems and Element-L PC line and its other products through its' own
e-commerce sites as well as other strategic e-commerce partners and third party Internet sites including egghead.com, dealdeal.com,
sandbox.net, Yahoo.com and others.
Certain matters discussed within this press release may be forward looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Such statements are inherently uncertain, and actual results and activities may differ materially from
those estimated or projected.
Although the company believes the expectations reflected in any forward looking statements are based upon reasonable assumptions,
it can give no assurances that its expectations will be attained. The company has no obligation to update the statements contained in
this report or to take action that is described herein or otherwise presently planned.
CPU MicroMart's office, factory and warehouse is located at 15685 N. Greenway Hayden Loop, Scottsdale, AZ 85260,
602/850-4100. Public & Investor Relations Fax 602/850-4111. Sales & general fax 602/850-4111. Investor relations information
available at www.ebizmart.com, or e-mail to ir@cpumicromart.com.
Contact:
Capital Markets Consulting Group
Charles Aker, 602/990-0116
csa@doitnow.com
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