BEII Announces 394 Percent Growth in First Quarter; NaviSite Signs ASP Partner Agreement.Business Editors/High-Tech Writers HOUSTON--(BUSINESS WIRE)--May 15, 2000 Berens Industries Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BEII) reported sequential revenue growth of 394% for the first quarter ended March 31, 2000 as filed with the Securities and Exchange Commission. Revenues for the first quarter were $12,551 as compared with gross revenues of $2,543 for the year ended December 31, 1999. For the first quarter, the Company reported a loss of $188,384, or $0.01 per share. During the quarter, the Company received $702,000 in additional capital from subscriptions receivable and private sales of stock. "Our subsidiary, Artmovement Inc., is on target to launch the first streaming application server designed specifically for hosting by Application Service Provider ("ASP") partners," stated Marc Berens, 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. . "Streaming Auctions(TM) instantly streams complete eCommerce solutions from ASP hosting centers to client websites. It aggregates buyers and sellers under one network and supports both B2C (Business to Consumer) Refers to a business communicating with or selling to an individual rather than a company. See B2B. and B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business commerce. Artmovement is also proud to announce collaboration with Macromedia Inc., to develop the first streaming application server for Webcasting, news and entertainmentStreaming Portals(TM). We are on target to showcase this technology through a build-out of www.artmovement.com in time for the Fall entertainment season." In a separate announcement, Artmovement has further expanded its distribution channels by signing NaviSite Inc. (Nasdaq:NAVI) as an ASP Business Partner. "We are very happy to add NaviSite to our growing list of ASP business partners," reports Kevin Willcutts, president of Artmovement. "Together with Interliant, NaviSite is leading the ASP revolution. As we did with Interliant and their IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) solutions, we will begin immediately to collaborate with NaviSite in developing streaming application servers to take advantage of their strengths in hosting Oracle solutions." About NaviSite Inc. NaviSite Inc., is a provider of outsourced Web hosting Making a Web site available on the Internet. Many ISPs host a few personal Web pages for an individual at no additional cost above the monthly service fee, but the address is subordinate to the ISP; for example, www.friendlyisp.com/pat_smith. and application services See ASP and Web services. for companies conducting mission-critical business on the Internet. The Company helps customers focus on their core competencies by outsourcing the management and hosting of mission critical Web sites and applications. NaviSite is a majority-owned operating company operating company A business that engages in transactions with outsiders. of CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) Inc. with minority investment from Microsoft Corporation (company) Microsoft Corporation - The biggest supplier of operating systems and other software for IBM PC compatibles. Software products include MS-DOS, Microsoft Windows, Windows NT, Microsoft Access, LAN Manager, MS Client, SQL Server, Open Data Base Connectivity (ODBC), MS Mail, . NaviSites SiteHarbor solutions provide secure, reliable co-location and high-performance hosting services, including high-performance Internet access See how to access the Internet. and high-availability server management solutions through load balancing, clustering, mirroring and storage services. The Company's application services, which include application hosting, management and rental, provide cost-effective access to, as well as rapid deployment and reliable operation of, business-critical applications. About Berens Industries Inc. Through its wholly-owned subsidiary, Artmovement Inc., Berens Industries is pioneering the development of streaming application servers that are deployable as rent-based solutions hosted and co-marketed by leaders in the Application Service Provider (ASP) industry (e.g,. NaviSite and Interliant). Our product lines provide bundled packages of managed servers, scaleable bandwidth, applications, and transactional systems -- everything required of eCommerce. These streaming application servers provide "tenant" licensing for businesses and "landlord" licensing for Web developers and ASP hosts. Our ongoing research and development is being conducted in collaboration with leading ASPs and software developers to deliver streaming application servers that bind relational databases and transactional systems with interactive streaming media. This news release contains "forward-looking statements" within the meaning of Section 27a of the Securities Acts of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct. |
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