CyberSentry Reports 770% Increase in Sales Period January 1, 2000 to March 31, 2000.Business Editors TAMPA, Fla.--(BUSINESS WIRE)--May 16, 2000 CyberSentry, Inc., (AMEX AMEX See: American Stock Exchange : CYR CYR Colonia, Uruguay (Airport Code) ) announced today that net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight had increased a total of 770% for the three months ended March 31, 2000 compared to the period ended March 31, 1999. The net revenues were $557,576 for the period ended March 31, 2000 compared to $72,461 for the period ended March 31, 1999. The increase in net sales was due to the acquisition of Telecommunications Service In telecommunication, the term telecommunications service has the following meanings: 1. Any service provided by a telecommunication provider. 2. Center completed on March 24, 1999. The secure software and advanced products are still in developmental stages. The company reported a net loss for the period, excluding depreciation and amortization expenses, of $(780,861). CyberSentry's net loss of $1.4 million, including depreciation and amortization, compared to a loss of $(355,069) during the formation stage of the company for the three months ended March 31, 1999. The net loss per share of $(0.09) versus $(0.03) is based on 15,727,354 fully weighted shares outstanding. The total stockholders equity increased 517% from $10.8 million for the period ended March 31,1999 to $55.8 million for the period ended March 31, 2000. The company did not commence operations until the acquisition of Telecommunications Service Center was approved on March 24, 1999. In another statement, CyberSentry, Inc. today announced the launch of the "CyberSentry E-Commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. Card" for use both on and off the Internet. CyberSentry is partnering with Qwest Communications
in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :QWST) to provide telephone services on the card. The company's Chief Executive Officer, Frank Kristan, stated, "We are excited about the launch of the CyberSentry E-Commerce Card and intend to distribute the card to our existing 7,000 customers as well as develop new opportunities to obtain more members while increasing the benefits available to the card holders." CyberSentry owns Digital Rights Management software that permits global E-commerce distribution on the Internet. CyberSentry provides value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. services that distinguish CyberSentry from competitors like InterTrust Technologies InterTrust Technologies Corporation was founded by Victor Shear in 1990 to develop and market technologies for digital rights management (DRM). Its initial public offering (IPO) was in November 1999. It was purchased by Sony and Philips in November 2002. , Inc., Baltimore Technologies Baltimore Technologies was an internet security firm founded in 1976 by Michael Purser. It was acquired in 1996 by a team financed by Dermot Desmond and led by Fran Rooney, who became CEO. and Entrust Technologies, Inc. because of CyberSentry's ability to bill the transaction directly to its CyberSentry E-commerce Card, conventional credit cards or the customer's phone bill. CyberSentry is licensed and tarriffed in 40 states, enabling it to provide bundled services of local, long distance, Internet connection, calling cards and E-commerce credit cards to its existing 7,000 accounts. CyberSentry's preferred shareholders include MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. WorldCom, Inc. Sprint Fon Group, and RSL RSL - RAISE Specification Language Communications, Ltd. CyberSentry, Gateway to E-Commerce, is a multi-format Digital Rights Management software and micro-billing provider. Additional information about CyberSentry can be received by contacting our financial public relations Financial public relations Public relations division of a company charged with cultivating positive investor relations and proper disclosure information. firm, Consulting For Strategic Growth, Ltd., at 800-625-2236. Except for the historical information contained herein, the matters discussed in this news release include 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. that may vary significantly based on a number of factors, including but not limited to, risks in product and technology development, market acceptance of new products, and continuing product demand, the impact of competitive products and pricing, changing economic conditions, both here and abroad, and other risk factors detailed in the Company's most recently filed Form 10, and Form 10A and other filings with the Securities and Exchange Commission.
CYBERSENTRY, INC.
Condensed Statements of Operations
For the three For the three
months ended months ended
March 31, 2000 March 31, 1999
(Unaudited) (Unaudited)
-------------- ----------------
Net Sales $ 557,576 $ 72,461
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Operating Expenses
Telecommunications costs
(Excluding depreciation
and amortization, shown
separately below) 442,818 99,584
Selling, general and
administrative expenses 820,551 82,197
Depreciation and amortization 620,423 243,279
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Total Operating Expenses 1,883,792 425,060
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Other (Income) Expenses
Interest Expense 75,230 2,470
Other Income (162) -
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Total Other Expense, Net 75,068 2,470
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Net Loss $ (1,401,284) $ (355,069)
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Net Loss Per Share
Basic $ (0.09) $ (0.03)
Diluted $ (0.09) $ (0.03)
Weighted Average Common
Shares of Outstanding
Basic 15,727,354 12,450,584
Diluted 15,727,354 12,450,584
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