$1,161,273 In Gross Revenues for April 2002 Extends Go Online Networks First Quarter.Business Editors and High-Tech Writers BUENA PARK, Calif.--(BUSINESS WIRE)--May 29, 2002 Joe Naughton, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , of Go Online Networks Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :GONT) announced today that April revenue figures have exceeded $1.16 million bringing the total 2002 yearly revenue figures in excess of $4.86 million. 2002 April revenues were a 300% increase from April 2001 revenues of $383,140. Go Online Network's primary operating division Digital West Marketing refurbished over 2,449 personal computer units including 1,800 desktop systems and 477 notebooks and 172 PDAs for the month of April, 2002. About Go Online Networks Go Online Networks Corp. is a Southern California-based technology holding company. Currently, its major operating subsidiary Digital West Marketing Services Inc. is an emerging player in the $100 billion Electronic Manufacturing Services (EMS) sector. 2001 revenues exceeded $6 million. The core of Digital West's revenue is derived from acquiring personal computers from retailers and manufacturers then refurbishing the product to manufacturer's specifications and then reselling the products to the secondary markets. The company has received factory refurbishing authority from industry leaders Hewlett Packard and Compaq (NYSE NYSE See: New York Stock Exchange :HPQ HPQ Hewlett-Packard Corporation (NYSE) HPQ High Priority Queue ). In the 1st quarter of 2002, the company generated revenues in excess of $3.7 million representing over 9,200 total computers refurbished and resold. Approximately 75 percent of the company's revenues are derived from the sale of desktop system (CPU CPU in full central processing unit Principal component of a digital computer, composed of a control unit, an instruction-decoding unit, and an arithmetic-logic unit. and monitor), 20 percent notebooks, and five percent personal digital assistants (PDA (Personal Digital Assistant) A handheld computer for managing contacts, appointments and tasks. It typically includes a name and address database, calendar, to-do list and note taker, which are the functions in a personal information manager (see PIM). ). The company has received refurbishing authorization from several of the largest computer manufacturers in the world in order to resell these products as factory authorized refurbished computers. This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995. Expression of future goals and similar expressions reflecting something other than historical fact involve risks and uncertainties. The actual results the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. For more information visit our Web site at www.gontinvestor.com. |
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