BEII Reports First Significant Revenues; Revenues for May Increase 335 Percent Over First Quarter.Business Editors & High Tech Writers HOUSTON--(BUSINESS WIRE)--June 9, 2000 Berens Industries Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BEII) reported revenues for the month of May increased 335 percent from the first quarter ended March 31, 2000. Revenues for the month of May were $42,083 as compared with total revenues of $12,551 for the entire first quarter ended March 31, 2000. For the month ended May 31, 2000, expenses were $52,295 with a net loss of $10,285. "While we recognize that these revenues are still very small, this announcement reinforces our triple-digit growth rate as we continue to ramp-up operations to launch our Streaming Application Server technology for the Art & Antiques market," 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) is the only networked software solution providing instant auctions. There is no one else providing this software in the field of ASP asp, popular name for several species of viper, one of which, the European asp (Vipera aspis), is native to S Europe. It is also a name for the Egyptian cobra (Naja haja). networked applications to the marketplace. We expect continued compounded growth for the remainder of this year and next. We are vastly exceeding our projected annual revenue run rate and time frames of our product launch." 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 Working together on a project. See collaborative software. with leading ASPs and software developers to deliver streaming application servers that bind relational databases relational database Database in which all data are represented in tabular form. The description of a particular entity is provided by the set of its attribute values, stored as one row or record of the table, called a tuple. and transactional systems with interactive streaming media See streaming audio, streaming video and digital media hub. . This news 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. " 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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