BEII Revenues Jump 836 Percent Over First Quarter.Business Editors/High-Tech Writers HOUSTON--(BUSINESS WIRE)--July 26, 2000 Berens Industries Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BEII) reported revenues for the second quarter ended June June: see month. 30, 2000 increased 836 percent over the first quarter ended March 31, 2000. Revenues from operations for the three months ended June 30, 2000 were $104,963 as compared with $12,551 for the prior quarter. Total revenues for the six months ended June 30, 2000 were $117,514, total expenses were $615,680, with a net loss of $513,680, or $.03 per share. "This is the kind of explosive revenue growth we have been working towards and are now achieving on a consistent basis as we launch our Streaming Application Server technology," stated Marc I. 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 first-ever software solution that provides `feed & seed' database management, true Private Labeling on an Instantly deployable basis all delivered on an 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). hosted environment. There is no one else providing this software in the field of ASP 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 to market." About Berens Industries Inc. Through its wholly-owned subsidiaries, Artmovement Inc. and BEII.net, 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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