CyPost Corporation Reports Results for First Quarter 2003.Business Editors/High-Tech Writers VANCOUVER, British Columbia--(BUSINESS WIRE)--May 16, 2003 CyPost Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: POST) today announced its earnings per share for the three months ended March 31, 2003 of $0.00 per common share, compared to loss of ($0.03) for the three months ended March 31, 2002. Revenues for the first quarter ending March 31, 2003 were $709,603 compared with $772,750 for the first quarter of 2002, a decrease of approximately 8%. The reduction in revenue was in part due to a decrease in marketing related activities, and the prolonged softening of technology related sector spending. The Company's complete financial results including Managements discussions and analysis of financial condition and results of operations may be found by visiting www.cypost.com or www.sec.gov. About CyPost Corporation Founded in September 1997, CyPost Corporation, via its wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , offers a full range of consumer Internet access See how to access the Internet. services and a broad selection of business services, both of which are offered nationwide throughout the United States and Canada. These services are tailored to the specific demands of both its business and residential customers and include connectivity, server co-locations, e-mail, Web hosting, high-speed Internet access and other value-added services. CyPost is also positioning its business to enter the managed security service provider market (MSP (1) (Management Service Provider or Managed Service Provider) An organization that manages a customer's computer systems and networks which are either located on the customer's premises or at a third-party datacenter. ) to provide its Network of Service Providers additional privacy and protection solutions such as managed anti-virus, firewall, VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks. , intrusion detection and filtering services. Except for historical matter contained herein, the matters discussed in this press release are forward-looking statements and are made pursuant to 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. These forward-looking statements reflect assumptions and involve risks and uncertainties, which may affect CyPost Corporation's business and prospects and cause actual results to differ materially from these forward looking statements. |
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