CollegeLink.com Reports Pro Forma Third Quarter Results; Pro Forma Revenues Up 50 Percent over Pro Forma Second Quarter Revenues.Business/Technology Editors MIDDLETOWN, R.I.--(BUSINESS WIRE)--May 9, 2000 CollegeLink.com (AMEX AMEX See: American Stock Exchange :APS), a leading online teen success resource driven by the world's most prolific In-School Presentation Programs, today announced pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma financial results for its third quarter ended March 31, 2000. Pro forma results include full third quarter operating results for Student Success, Inc., which CollegeLink.com acquired by merger on February 17, 2000. -- Pro forma revenue reached $849 thousand for the third quarter, a 53 percent increase over pro forma revenues for the second quarter. -- Pro forma third quarter net loss was $1.67 million, or a loss per share of $0.12. The pro forma weighted average common shares outstanding for the third quarter were 13.562 million. -- Pro forma revenue reached $1,894,576 for the ninth months ended March 31, 2000. "We completed the acquisition of Student Success in the third quarter and have integrated its business into CollegeLink.com," said Patrick O'Brien Patrick O'Brien may refer to:
CollegeLink.com Incorporated provides a range of pre-college services, including: college searches, test preparation, getting into top schools, promoting talents, finding scholarships, electronic college applications, paying for college and college success. The Company has relationships with nearly 1,000 colleges and universities and more than 3,000 high schools nationwide. Additionally, the company's `Making It Count' Presentation Programs are the nation's leading student training and advisory programs, providing students with a template for success in high school, college and beyond. The Program's success messages are delivered through such formats as live in-school presentations, an instructional book, the Internet and a free monthly newsletter. Sponsors include 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) , The Procter & Gamble Company, General Motors and PNC PNC Purdue University North Central (Westville, Indiana) PnC Point 'n Click PNC Police National Computer PNC People's National Congress (Guyana) PNC People's National Congress Bank as well as leading service firms such as Kaplan and Pricewaterhouse-Coopers. Note: This press release contains forward-looking statements within the meaning of the 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. provisions of the 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. Forward-looking statements involve risks and uncertainties that may affect the companies' business prospects and performance. These include economic, competitive, governmental, technological and other factors discussed in the statements and in the companies' filings with the Securities and Exchange Commission. |
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