1-800-ATTORNEY Reports Third Quarter 2001 Results.Business Editors/Legal Writers LAKE HELEN Lake Helen may refer to:
1-800-ATTORNEY, Inc. (Nasdaq:ATTY ATTY Attorney ATTY A Thousand Thank Yous ) today announced its results of operations for the quarter ended September September: see month. 30, 2001. The company reported a net loss of $73,223, or $0.01 per diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. common share in the third quarter of 2001, compared with a net loss of $994,426, or $0.20 per diluted common share, recorded in the third quarter of 2000. Revenues for the third quarter of 2001 were $2,274,861 compared with $1,218,475 reported for the same period last year. For the nine-month period ended September 30, 2001, the company reported a net loss of $1,590,685, or $0.30 per diluted common share, compared with a net loss of $2,702,465, or $0.61 per diluted common share, reported last year. Revenues for the same periods totaled $4,626,229, compared with $3,737,618 a year ago. The company's new attorney marketing business contributed $1,243,512 and $1,350,454 in revenues for the most recent three and nine months, respectively. This business began to generate revenues in June June: see month. 2001 with the launch of the Central Florida
Central Florida is the central region of the United States state of Florida, on the East Coast. attorney network. The company also announced that in the very near future it plans to launch its new Web site, 1-800-ATTORNEY.com, which is intended to enhance the public's awareness of the 1-800-ATTORNEY brand and the company's new attorney marketing business. 1-800-ATTORNEY, Inc. is executing a strategy of becoming the nation's leading attorney marketing network and its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , PCNA PCNA Proliferating Cell Nuclear Antigen PCNA Preventive Cardiovascular Nurses Association PCNA Pepsi Cola North America PCNA Post Conflict Needs Assessment (United Nations) PCNA Pudelpointer Club of North America Communications Corporation, is a leading provider of print directories within the legal industry. -0-
1-800-ATTORNEY, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
Three months ended Nine months ended
September 30, September 30,
2001 2000 2001 2000
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Net sales $2,274,861 $1,218,475 $4,626,229 $3,737,618
Costs and expenses:
Production 593,851 428,793 1,643,700 1,336,407
Marketing and
selling 1,091,897 1,242,194 2,560,532 2,428,997
Depreciation and
amortization 150,431 173,878 378,199 284,253
General and
administrative 521,611 402,199 1,471,389 2,312,517
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2,357,790 2,247,064 6,053,820 6,362,174
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Loss from operations (82,929) (1,028,589) (1,427,591) (2,624,556)
Other income
(expense), net 9,706 34,163 (163,094) 105,936
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Loss before cumulative
effect of change in
accounting principle (73,223) (994,426) (1,590,685) (2,518,620)
Cumulative effect of
change in accounting
principle -- -- -- (183,845)
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Net loss ($73,223) ($994,426) ($1,590,685)($2,702,465)
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Loss per common share
before cumulative
effect of change in
accounting principle
- basic and diluted ($0.01) ($0.20) ($0.30) ($0.57)
Cumulative effect of
change in accounting
principle -- -- -- (0.04)
----------------------- ----------------------
Net loss per common
share - basic and
diluted ($0.01) ($0.20) ($0.30) ($0.61)
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Shares used in
computing net loss
per common share -
basic and diluted 5,468,919 4,966,259 5,251,330 4,431,143
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