To: Joe Hoek who wrote (37285 ) 4/29/1999 4:39:00 PM From: Jenna Read Replies (1) | Respond to of 120523
INSP 129 (after hours).. closed at 118 5/8 in at 114 500 shares. InfoSpace.com's First Quarter Revenues Grow 406% Year Over Yearwe did it.. great report folks.. all the nets should move. Get out the virtual champaigne InfoSpace.com's First Quarter Revenues Grow 406% Year Over Year Momentum Builds As 37 New Affiliates Are Signed; Traffic Surges to 465 Million Page Views in March; Unduplicated Reach of Distribution Network Increases to 84.5% REDMOND, Wash., April 29 /PRNewswire/ -- InfoSpace.com, Inc. (Nasdaq: INSP - news), a leading provider of private label solutions for content, community and commerce to Web sites and Internet appliances, today announced record financial results for the first quarter of 1999. Revenues for the quarter were $5.14 million, an increase of 406% from revenues of $1 million reported in the comparable quarter of 1998. Net loss for the quarter was $705,000 or a loss of $0.03 per share compared to a net loss of $12,000 or $0.00 per share for the same period in 1998. ''We executed flawlessly on our plan. Our performance this quarter is a clear demonstration of our undisputed position as a leader in providing Internet infrastructure services. Our traffic growth this quarter shows the strength of our distribution network that now reaches 84.5% of all Internet users,'' said Naveen Jain, chairman and CEO, InfoSpace.com. ''During the quarter, we announced the launch of what we expect to be the most comprehensive integrated shopping solution validating the strength and scalability of our distributed technology platform that already supports many of the most trafficked sites on the Internet.''