Concero Comments On Third Quarter.Business Editors & High-Tech Writers AUSTIN, Texas--(BUSINESS WIRE)--Sept. 20, 2000 Concero Inc. (Nasdaq:CERO) announced today that it expects third quarter revenue will be approximately 15% to 20% below the $17.1 million the company reported for the second quarter 2000. The company will report a loss for the third quarter primarily as a result of lower revenue for the quarter and additional bad debt reserves. In the third quarter of 1999, the company reported revenue of $11.6 million and earnings per share of $.05. "Our expected financial results reflect recent changes in demand for Web centric e-business solutions resulting from reduced funding of and spending by dot com dot com - com and start-up businesses, as well as lengthening lengthening (lengkˑ·the·ning), n the use of various massage or muscle energy techniques to relax and stretch muscle and connective tissue. sales cycles for more established companies," said Tim Webb, president and 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. of Concero. "We are disappointed with our expected revenue this quarter. However, the emerging market opportunities for broadband, multi-channel solutions leveraging the Web, interactive TV and wireless are compelling. We believe our service offerings are well aligned with these opportunities and that the highly technical and complex nature of these solutions will play to our advantage," added Webb. Results for the third quarter are expected to be released during the week of Oct. 23, 2000. About Concero Concero Inc. (Nasdaq:CERO) is an e-business services firm committed to transforming business through the creative application of new technologies. Concero builds and deploys broadband e-business solutions. Concero gains early in-depth knowledge of technology products by assisting leading information technology vendors in their product development. Concero then leverages this deep technical expertise when engaged in the enterprise-wide deployment of e-business solutions. Concero is a national consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a headquartered in Austin, Texas. More information about Concero is available on the Web at www.concero.com. Conference Call Concero will host a conference call on Thursday, Sept. 21, at 10:00 a.m. (Eastern). The conference call will be broadcast live over the Internet and available for a period of time thereafter through Investors Broadcast Network at www.vcall.com. New Vcall service users should arrive at least 15 minutes before the live call to allow time to register, download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. and install any necessary audio software. 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. Disclosure "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 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: This press release may contain forward-looking statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc future events or results of Concero that involve risks and uncertainties, including statements regarding emerging market opportunities and the service offerings. Forward-looking statements are based on current information and assumptions that by their nature are dynamic and subject to change. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements are dependence on large projects, volatility of quarterly operating results, industry competitiveness, market acceptance of new solutions including the continued growth and acceptance of the Internet as a means of commerce, and other factors detailed in reports and documents filed by Concero from time to time with the Securities and Exchange Commission, including its recent 10-Q. |
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