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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: wbASSETt who wrote (4625)	5/12/1999 8:59:00 AM
From: Kimberly Lee	Read Replies (2) \| Respond to of 108040

EVIS news today. 05/12 08:22 eVision Reports 36.8% Increase in Revenues eVision Reports 36.8% Increase in Revenues DENVER--(BUSINESS WIRE)--May 12, 1999--eVision USA.Com, Inc. (eVision formerly Fronteer Financial Holdings, Ltd.) (OTC BB: EVIS) reported revenues for the three months ended March 31, 1999 were $9.6 million, an increase of 36.8% over revenues of the prior comparable period. The increase is primarily attributable to increases in commission income, trading profits and earnings on investments in debt securities. The net loss from continuing operations reported for the three months ended March 31, 1999 was $.2 million or $.01 per share compared to $1.1 million or $.06 per share for the comparable prior year period. For the six months ended March 31, 1999, eVision reported revenues of $18.2 million, an increase of 27.7% over revenues for the comparable prior year period. Again, the increase is primarily a result of increases in commission income, trading profits and earnings on investments in debt securities. eVision reported a net loss from continuing operations of $.9 million or $.05 per share for the six months ended March 31, 1999 compared to a net loss of $1.2 million or $.07 per share for the comparable prior year period. "We continue to see effects of our expansion and development efforts in our operating results. Our increase in revenues and decrease in the loss from continuing operations reflect significant improvements toward future profitability. Currently, the majority of our revenues are derived from our broker/dealer operations. We are extremely confident that once our other subsidiaries eBanker, eBroker and Q6 Technologies become fully operational our operating results will be greatly enhanced", said Mr. Fai H. Chan, Chairman and Chief Executive Officer of the Company. eVision is a Denver based holding company with consolidated entities that include American Fronteer Financial Corporation, a regional securities broker/dealer, eBanker USA.com, Inc. (eBanker) which offers, among other things, Internet based high-yield lending opportunities, and Secutron Corp., a computer hardware seller and software developer. Consolidated developing companies include eBroker USA.Com, Inc. (eBroker), a proposed on-line securities brokerage business, and Q6 Technologies, Inc. (Q6 Technologies), a business venture surrounding technology-based virtual processing arenas with John Cusick, former founder, chairman and CEO of Primestar, as its chief executive officer. The statements included in this press release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements --30--djm/dx* CONTACT: eVision USA.Com, Inc., Denver Gary L. Cook, 303/860-1700 Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com (c) 1998 Business Wire