DemandStar.com, Inc. Announces Financial Results for Its Quarter Ended June 30, 2000.Business Editors PLANTATION, Fla.--(BUSINESS WIRE)--July 20, 2000 DemandStar.com, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DMND), a leading provider of business-to-government (B2G (Business to Government) Refers to commercial enterprises selling to government agencies. See B2B. ) e-commerce solutions, announced financial results for its quarter ended June 30, 2000. Revenues for the second quarter of 2000 were $145,695, compared to $82,902 for the first quarter of 2000, an increase of 76%. The Company realized a net loss of $2,199,422 during the second quarter of 2000, compared to a net loss of $1,484,626 during the first quarter of 2000. Diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. for the second quarter of 2000 was $(.29) per share, compared to $(1.18) per share for the first quarter of 2000. As of June 30, 2000, the number of governmental agency members of the DemandStar B2G Network was 87, compared to 45 at the end of the first quarter of 2000, an increase of 93%, and the number paying suppliers of the DemandStar B2G Network was 8,220, compared to 4,915 at the end of the first quarter, an increase of 67%. DemandStar successfully completed the rights offering for its common stock as of May 1, 2000, in which approximately $5,900,000 was raised after offering expenses. DemandStar's ending cash balance for the second quarter of 2000 was $4,723,839. Ozzie Ramos, DemandStar's 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. , said, "Our second quarter results are consistent with the budgeted and planned ramp-up of our research/development, marketing and sales activities. We are very encouraged by the acceptance of DemandStar's B2G solution and the initial progress we have made toward achieving our long-term goal of capturing the largest B2G governmental agency and supplier base in the country." DemandStar has scheduled a conference call for Wednesday, July 26, at 2:30 p.m. Eastern Standard Time, to discuss the company's second quarter operating results. If you are interested in hearing this conference call please access Vcall's web site at www.vcall.com. Vcall listeners may e-mail questions to Oramos@demandstar.com. The conference call will be available for replay on Vcall's web site. DemandStar's electronic marketplace enables governments to purchase goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. more efficiently, and makes it easier for suppliers to do business with government agencies. Suppliers can become part of this purchasing stream by registering at www.DemandStar.com or by calling (800) 711-1712. DemandStar is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. under the symbol DMND (DMND.OB on some services). Except for the historical information contained herein, the matters discussed in this news release are 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 detailed in DemandStar.com's filings with the Securities and Exchange Commission, including Form S-1, as amended (file No. 333-93445). |
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