Cybershop Announces Fourth Quarter Revenues.JERSEY CITY, N.J.--(BUSINESS WIRE)--Jan. 6, 1999-- Revenues Quadrupled in Fourth Quarter CyberShop(R) International, Inc. (Nasdaq: CYSP), a leading online retailer, today announced its fourth quarter sales were approximately $3.4 million, more than four times 1997's fourth quarter sales of $847,000. "Our greatest success was recognizing early on that Furby A Furby (plural: Furbys, as claimed by Tiger. Co., instead of the Standard English Furbies) is an electronic toy, more specifically, a robot, made by Tiger Electronics which went through a period of being a "must-have" toy following its launch in the holiday season was going to be the hottest toy of the 1998 holiday season," said Jeff Tauber This article is about the river in Germany. For other uses, see Tauber (disambiguation). The Tauber is a river in Franconia, Germany. It is a left tributary of the Main and is 122 km in length. The name derives from the Celtic word for water (compare: Dover). , Chairman, 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 CyberShop. "We were able to secure a large supply of Furby for the holiday shopping rush and successfully made it known to disappointed brick-and-mortar brick-and-mor·tar adj. Located or serving consumers in a physical facility as distinct from providing remote, especially online, services: brick-and-mortar classrooms; a brick-and-mortar bookstore. retail shoppers that Furby was just a mouse click away." Furby was available at www.egift.com, as well as at its store on America Online See AOL. throughout the holiday selling season. Sales of Furby represented approximately 60% of the company's total revenues during the fourth quarter. The average order size in the fourth quarter of 1998 was approximately $125 compared to $95 in the prior year fourth quarter. At December 31, 1998, the company had cash on hand in excess of $12 million. CyberShop expects to release complete fourth quarter and fiscal year financial results in mid-February. About CyberShop CyberShop, a leading online retailer, can be found on the World Wide Web at http://www.cybershop.com and on America Online in their Shopping Channel Shopping channels are television specialty channels that present shopping related content, particularly for home shopping enthusiasts. Home shopping pioneers:
This announcement contains 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 involve risks and uncertainties that include, among others, CyberShop's limited operating history, anticipated losses, unpredictability of future revenues, potential fluctuations in quarterly operating results, seasonality, competition, risks associated with system development and operation risks, management of potential growth and risks of new business areas, and strategic alliances. |
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