Aperian Restates Fourth Quarter and Year-End Results; Higher Revenues Based on Deferred Implementation of Staff Accounting Bulletin 101.Business Editors & High-Tech Writers AUSTIN, Texas--(BUSINESS WIRE)--June 29, 2000 Aperian (Nasdaq:APRN APRN Advanced Practice Registered Nurse ), a leader in providing managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality and scalable bandwidth for content-intensive e-businesses, today restated its fourth quarter results which were previously announced on June 28. Revenue for the fourth quarter ending March 31, 2000 was $583,554, compared to $278,455 in the third quarter, representing a quarter-over-quarter increase in revenue of approximately 110 percent. Revenues for fiscal year 2000 were $1,752,012. The company reported a net loss of $13.7 million, or $0.45 per share, in the quarter ended March 31, 2000. Total net loss for the fiscal year was $22 million, and total net loss from operations was $19 million. Included in the net loss from operations was $8.7 million due to non-cash charges for issuances of common stock, stock options and stock warrants to employees and non-employees. The upward revision to fourth quarter revenue figures is due to a recent deferral in the implementation date of Staff Accounting Bulletin 101 regarding revenue recognition in financial statements. About Aperian MSI MSI: see integrated circuit. (1) (MicroSoft Installer) See Windows Installer. (2) (Medium Scale Integration) Between 100 and 3,000 transistors on a chip. See SSI, LSI, VLSI and ULSI. Holdings Inc. dba Aperian (Nasdaq:APRN) enables scalable growth for content-intensive e-businesses by providing latest-generation broadband capabilities and turnkey application infrastructure. Through strategic alliances with Genuity (Nasdaq:GENU genu /ge·nu/ (je´nu) pl. ge´nua [L.] 1. the knee. 2. any kneelike structure. genu extror´sum bowleg. genu intror´sum knock-knee. ) and MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. WorldCom (Nasdaq:WCOM WCOM MCI/Worldcom (stock symbol) WCOM Windows Component Object Model WCOM Wireless Communication ), Aperian offers unique direct access to the Internet backbone via its Direct Optical Co-location Connection (DOCC DOCC Deep Operations Coordination Cell DOCC DISA Operations Control Complex DOCC Department of Community Corrections DOCC Deep Operations Control Cell (US Army) DOCC DCA Operations Control Complex DOCC Dyce Operations Control Centre )(tm) technology. In addition, Aperian provides value-added services that allow Web-centric businesses to deliver a reliable and efficient Web site experience to their end users. Aperian is an end-to-end Cisco (Nasdaq:CSCO CSCO Cisco Systems Incorporated (stock symbol) CSCO Chief Supply Chain Officer ) Powered Network. Aperian has been certified for network architecture, security architecture and facilities design by GTE/BBN Technologies. Information about Aperian and its services can be found on the World Wide Web at www.aperian.com. The statements made by Aperian (the Company) may be forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. Aperian believes that its primary risk factors include, but are not limited to: the need for substantial financial requirements; the need to develop effective internal processes and systems; the ability to attract and retain high quality employees; changes in the overall economy; changes in technology; the number and size of competitors in its markets; changes in the law and regulatory policy; and the mix of product and services offered in the company's target markets. The statements and opinions presented here represent the views of the Company. Aperian disclaims any proprietary interest in the marks and names of others. |
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