$1,235,000 In Gross Revenues for August 2002 Increase Go Online Networks Corp. Year to Date Revenues in Excess $8.3 Million.Business Editors BUENA PARK, Calif.--(BUSINESS WIRE)--Sept. 19, 2002 Digital West To Open Factory Outlet Discount Computer Store Adjoining Corporate Headquarters 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 August revenue figures have exceeded $1.23 million bringing the total 2002 yearly revenue figures in excess of $8.3 million. Go Online Network's primary operating division Digital West Marketing Inc. refurbished over 20,000 personal computer units including 4,000 notebooks and 2,500 PDAs for the year 2002. Revenue figures for 2002 have shown an increase of over $4.5 million from the same period in 2001. In additional news Joseph Naughton announced that the company has opened its first factory outlet store. The store adjoins the refurbishing factory and corporate offices on Mason Street in Chatsworth, Calif. A localized advertising campaign will accompany the store opening. Digital West is offering for sale late model desktop systems, notebooks, PDA's and monitors from Hewlett Packard, Compaq, Sony and E-machines at the facility. Management anticipates the retail strategy will serve to increase sales and improve margins with minimal increase in overhead. About Go Online Networks Corp. 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. 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 ). 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). ). This press release contains forward-looking statements made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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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