Bridge Technology Inc. Reports Third Quarter Results; Focuses on Wireless Internet Access Growth Strategy.3 GARDEN GROVE Garden Grove, city (1990 pop. 143,050), Orange co., S Calif., a suburb of Long Beach and Los Angeles, on the Santa Ana River; founded 1877, inc. 1956. Many of its residents work in nearby aerospace and defense installations, and there is light manufacturing. , Calif.--(BUSINESS WIRE)--Nov. 8, 1999-- Bridge Technology Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BTGY) Monday reported continued revenue growth with sales of $6,389,233, up 27% for the three months ended Sept. 30, 1999 compared with $5,029,690 for the same period in 1998. Net profit was $8,509 or $0.001 per share compared with a loss of $28,880 or $0.005 per share for the same period in 1998. Sales for the nine months ended Sept. 30, 1999 were $19,603,791 up 36% as compared with $14,467,695 for the same period in 1998. Net income was $81,169 or $0.01 per share compared with a loss of $133,773 or $0.03 per share for the same period in 1998. John Harwer, chief executive officer, also announced that Bridge Technology Inc. was focusing on further development of its wireless Internet access See how to access the Internet. equipment venture through its Pacific Bridge Net subsidiary. Harwer also stated, "The company is in negotiations with several corporations in connection with this development work. Patent applications are being processed along with copyright applications. "Bridge Technology Inc. is also seeking partners in the Asia area to promote these products and possibly organize joint ventures with local companies for building out wireless infrastructures." Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements contained in this release which are not historical facts may be deemed to contain 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. , including, but not limited to, deployment of new services, growth of the customer base, and growth of the service area, among other items. Actual results may differ materially from those anticipated in any forward-looking statement with regard to magnitude, timing, or other factors. Deviation DEVIATION, insurance, contracts. A voluntary departure, without necessity, or any reasonable cause, from the regular and usual course of the voyage insured. 2. may result from risk and uncertainties, including, without limitation, the company's dependence on third parties, market conditions for the sale of services, technical factors affecting networks, availability of capital, and other risks and uncertainties. The company disclaims any obligation to update information contained in any forward-looking statement. |
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