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This company has a couple interesting niches in the internet sector as described below. They are also profitable...as described below. Trades on the OTC BB and range over the past couple of months has been from 3/8 to 7/8. There is little stock in the flt so trading is thin. Presently at .69/.84. FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--Dec. 1, 1998--QuikBIZ Internet Group, Inc. (OTC BB: QBIZ)announced today that QuikLAB Multimedia Centers, a wholly -- owned subsidiary, has begun offering Internet Television Studio Rentals, by the hour, to the general public. The new service can benefit small businesses and large companies by saving their time and manpower resources. QuikLAB is a unique ''one -- stop'' retail multimedia facility providing Internet services and other state-of-the-art electronic media. The Internet Television Studios are designed for creating video programming to be streamed over a company's Intranet or web site. For an hourly rate of $99 for an Internet Video Editing Studio or $150 for an Internet Television Studio, complete with technician, clients can produce their own Web TV video. Internet videos can be posted onto anyone's Web page and played automatically, live or on-demand. In addition, QuikLAB can also convert anyone's pre-recorded videotape for viewing on the Internet. The company's Fort Lauderdale location currently has 12 studios which are used for the production of Internet television. Within minutes after using QuikLAB's studios, the video program can be immediately posted to the company's Intranet or Web site for instant access. The videos can be watched by anyone, at any time, anywhere in the world or limited to viewers with password protected access. David Bawarsky, CEO of QuikBIZ Internet Group, states ''Internet Television Studios are going to become very popular as the Internet and television gravitate together. Our studios provide businesses with a fast and economical solution to communicate with video over the Internet. QuikLAB Multimedia Internet Television Studios are the first of many Internet Solutions which we will be introducing in the coming months.'' QuikBIZ Internet Group is an Internet-related holding company, which wholly owns several subsidiaries including The Smith Agency, QBIZ Business Centers, QuikLAB Multimedia Centers and Quoteit.com. Examples of streaming videos can be found at the company's website quikbiz.com. PR Photos for downloading are available at prphotos.com. For more information on QuikLAB Multimedia Centers, please visit the company's website qlab.com. The statements in this press release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties, including risks associated with uncertainties pertaining to customer orders, demand for products and services and other risks identified in the Company's SEC filings. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. This release is available on the KCSA Worldwide website at www.kcsa.com. Contact: QuikBIZ Internet Group, Inc. David Bawarsky Chief Executive Officer (954) 735-2300 or KCSA Joseph A. Mansi/Scott Eckstein (212) 682-6300, ext. 205/288 Fax: 212) 697-0910 e-mail: pr@kcsa.com QuikBIZ Internet Group, Inc. Reports Record Third Quarter and Nine Months Results Company Reports Third Quarter Profit FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--Dec. 10, 1998--QuikBIZ Internet Group, Inc. (OTC BB:QBIZ) announced today record results for the third quarter and nine months ended September 30, 1998. For the three months ended September 30, 1998, the company reported a net income of $32,767 on revenues of $992,149, compared with a loss of $16,541 for the same period in 1997. There were no revenues for the 1997 third quarter. Net income for the nine months ended September 30, 1998 was $38,853 on revenues of $1,700,264, compared with a loss of $73,493 for the 1997 nine month period. There were no revenues for the 1997 nine months. In announcing the results, David Bawarsky, Chief Executive Officer of QuikBIZ, said, ''We are pleased with the rapid growth of sales and the net income produced in our third quarter. These results are primarily attributable to the acquisitions of the Smith Agency and QuikLAB Multimedia. More importantly, the results reflect the Company's commitment to the expansion of its Internet television capabilities directed to the business-to-business market.'' Mr. Bawarsky added, ''With the acquisitions of The Smith Agency and QuikLAB Multimedia Centers we are poised to accelerate our growth into E-commerce, offering small and large businesses and other entities' services that will save them both money and time. For example, our recently announced Quoteit.com website allows businesses to shop for audio, video, CD-ROM and other electronic media duplications in a 'name your own price' forum.'' The Company also has announced the formation of a new service offering Internet television studio rentals, by the hour, to the general public. QuikBIZ Internet Group is an Internet-related holding company, which wholly owns several subsidiaries including The Smith Agency, QBIZ Business Centers, QuikLAB Multimedia Centers and Quoteit.com. Examples of streaming videos can be found at the company's website quikbiz.com. PR Photos for downloading are available at prphotos.com. For more information on QuikLAB Multimedia Centers, please visit the company's website qlab.com. The statements in this press release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties, including risks associated with uncertainties pertaining to customer orders, demand for products and services and other risks identified in the Company's SEC filings. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. This release is available on the KCSA Worldwide website at www.kcsa.com. QuikBIZ Internet Group, Inc. Financial Highlights Three Months Ended Nine Months Ended September 30, September 30, 1998 1997 1998 1997 Revenues $992,149 -- $1,700,284 -- Cost of goods sold 588,062 -- 1,016,933 -- Gross profit 406,087 -- 683,351 -- Operating expenses: General and Administrative 370,106 16,541 635,783 73,493 Interest 3,304 -- 8,715 -- Total operating expenses 373,320 16,541 544,495 73,493 Net profit (loss) 32,767 (16,541) 38,853 (73,493) Contact: QuikBIZ Internet Group, Inc. David Bawarsky Chief Executive Officer (954) 735-2300 or KCSA Joseph A. Mansi/Scott Eckstein (212) 682-6300, ext. 205/288 Fax: (212) 697-0910 e-mail: pr@kcsa.com | ||||||||||||||
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