$1.6 Million Second Quarter Revenues Continues Go Online Networks' Record Growth.Business Editors BUENA PARK Buena Park (bwā`nə), city (1990 pop. 68,784), Orange co., S Calif.; inc. 1953. Food processing, the manufacture of aircraft, and tourism are important to the city's economy. , Calif.--(BUSINESS WIRE)--July 18, 2001 Led by Digital West Marketing's Computer Service Division, $2.4 Million in Revenue for the First Half of 2001 Continues to Distinguish GONT Go Online Networks Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :GONT) on Wednesday announced second quarter sales had grown to over $1,620,000 compared to sales of $147,200 for the same period last. This will represent an 1100 percent sales gain from the same comparable quarter of 2000. These sales also represent a 95 percent sales increase over Go Online's record first quarter sales performance this fiscal year. The sales increase was driven by the growing sales generated by Digital West, which continues to buck the industry trend of weak computer sales. "Our focus on the 'value added' marketplace, especially in the PC arena continues to be a big plus for our strong growth," said Andy Hart, president of Digital West. Go Online's sales for the first two quarters of 2001 will top $2,445,900 for a 1,600 percent company sales increase year to date. Joseph Naughton, chairman of Go Online Networks said, "We are obviously extremely excited by the performance of our first six months. With our recent hiring of Mick Schumacher as our new corporate CFO See Chief Financial Officer. , our focus for the second half of the year will be to develop a strong strategic plan to ensure our course to profitability." About Go Online Networks Go Online Networks Corp. is a Buena Park technology holding company, consisting of Digital West Marketing (a computer service firm) and operating division, Go Online Kiosk Division. Digital West (www.DigitalWest.com) is a computer service firm based in Chatsworth, Calif., located north of Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. . The company operates out of a 24,000 square-foot facility. The core of Digital West's business is to contract with major retail entities and computer hardware manufacturers to refurbish re·fur·bish tr.v. re·fur·bished, re·fur·bish·ing, re·fur·bish·es To make clean, bright, or fresh again; renovate. re·fur computer products returned to retail establishments by customers. The products are reengineered or refurbished to factory specifications by Digital West's factory trained A+ certified technicians. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 Securities 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. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion