EBIZ Announces 37% Revenue Increase for 1st Quarter.Business Editors/High-Tech Writers SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Nov. 27, 2000 Company's 12-Month Linux Refocus Verb 1. refocus - focus once again; The physicist refocused the light beam" focus - cause to converge on or toward a central point; "Focus the light on this image" 2. Pays Off With Higher Sales & Profit Margins Profits EBIZ EBIZ Electronic Business Enterprises Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :EBIZ), the country's largest vendor-neutral Linux solutions builder, recently announced a 37% increase in revenues, 46% increase in gross profit margin Gross profit margin Gross profit divided by sales, which is equal to each sales dollar left over after paying for the cost of goods sold. gross profit margin A measure calculated by dividing gross profit by net sales. and a 60% decrease in losses for its fiscal first-quarter which ended Sept. 30, 2000 compared to the 4th quarter of fiscal 2000 which ended June 30, 1999. Sales decreased $3,208,821 from $5,638,628 to $2,429,807 during the 1st quarter this year versus the same period last year, gross profit increased from $292,023 (5.2%) to $367,899 (15.1%). However, the company's sales and gross profit increased over the 4th quarter of last fiscal year, which were $1,773,435 and $251,660 (14.2%) respectively. The company reported a net loss of $1,309,682 or $0.14 per diluted share, for the 1st quarter ended Sept. 30, 2000 as compared to a net of $1,240,289, or $0.17 per diluted share, for the 1st quarter ended Sept. 30, 1999. "I am very excited about the significant investments EBIZ has made over the past 12-months to bolster its strength in all areas of its operations including our most recent announcement of our planned acquisition of JBSi," said EBIZ Chief Executive Officer Dave Shaw. "This acquisition reinforces our commitment to the expanding server market and will make EBIZ one the largest companies in the Linux industry to date. "We see another quarter of hard work and investment in balance sheet metrics metrics Managed care A popular term for standards by which the quality of a product, service, or outcome of a particular form of Pt management is evaluated. See TQM. and margin efficiencies to position ourselves for accelerated growth next year," Shaw said. "We will leverage our core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
About EBIZ Enterprises Inc. EBIZ Enterprises Inc. is an Open Source solutions builder for the new generation of IT professionals. The company is one of the fastest growing, vendor-neutral sources for Linux products, technical support and community services for the B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business market. EBIZ is uniquely positioned to lead the delivery of cutting-edge Open Source applications to the business marketplace through reseller channels. The EBIZ Web presence includes LinuxMall.com(R), TheLinuxStore.com, LinuxNews.com and LinuxGuru.com. EBIZ's wholly owned subsidiary 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. , PartnerAxis.com, is an information exchange center that specializes in bringing together hardware companies, software manufacturers, VARs and end users to deliver Open Source solutions to the business world. For more information about EBIZ Enterprises Inc., visit our Investor Relations Investor relations The process by which the corporation communicates with its investors. Web site at www.ebizshareholder.com. This press release contains statements that constitute "forward- looking statements" as that term is defined by the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. 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 (the "Reform Act"). EBIZ Enterprises Inc. claims the protection of the safe-harbor for 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. contained in the Reform Act. These forward-looking statements are often characterized by the terms "may," "believes," "projects," "expects," or "anticipates," and do not reflect historical facts. Specific forward-looking statements contained in this press release include, but are not limited to, growth projections, maximizing returns on opportunities and bolstering strength in growth operations. Forward-looking statements involve risks, uncertainties and other factors, which may cause actual results, performance or achievements of EBIZ Enterprises Inc. to be materially different from those expressed or implied by such forward-looking statements. Factors that could affect the results of EBIZ Enterprises Inc. and cause them to materially differ from those contained in the forward-looking statement include shifts in customer demand, product shipment schedules, product mix, competitive products and pricing, technological shifts and other variables. Other factors include those risk factors and cautionary statements made in EBIZ Enterprises Inc.'s Annual Report on Form 10-KSB for the period ended June 30, 2000 and the quarterly report on Form 10-QSB for the period ended Sept. 30, 2000. Other factors that EBIZ Enterprises Inc. is currently unable to identify or quantify, but may arise or become known in the future. In addition, the foregoing factors may affect generally EBIZ Enterprises Inc.'s business, results of operations and financial position. Forward-looking statements speak only as of the date the statement was made. EBIZ Enterprises Inc. does not undertake and specifically disclaims any obligation to update any forward-looking statement. |
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