Everyones Internet Announces Positive Operating Income; Houston-Based ISP Reports First Month of Positive EBITDA in Company's History.Business Editors & Technology Writers HOUSTON--(BUSINESS WIRE)--March 3, 2000 Everyones Internet -- the largest independent Internet service provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. ) in Texas -- today announced that it has reached an important financial milestone in the execution of its corporate business plan. February 2000 was the first month since the company's inception where it was able to report positive EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become (Earnings Before Interest, Taxation, Depreciation and Amortization), which is often referred to as Operating Income. For the month of February, Everyones reported an EBITDA of $50,000 from revenues of $1,000,000. "These numbers were the result of a coordinated and ongoing push to reach profitability as quickly as possible," stated Robert Marsh 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 Everyones Internet Inc. "We expect to see further improvement in our financials, with our expectations for March rising to EBITDA of $100,000 from revenues of $1.1 million. As a matter of fact, we may even be able to report positive Net Income next month. When we formulated our original plan, we had not expected to report positive EBITDA until April or positive Net Income until August of this year." The company stated that a key reason for the improved results was the elimination of lower producing advertising campaigns from its marketing mix. This review of marketing strategies has resulted in reduced customer acquisition costs, which currently average $40 per new subscriber. The company had a total of 66,000 subscribers at the end of February, having added 7,900 net new subscribers during the month. Everyones Internet reports on an August 31st fiscal year basis. The company expects to report 2nd quarter financial results on or before March 24th. Everyones Internet is a rapidly growing Houston-based Internet and DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary Service Provider, which specializes in providing customer-focused solutions combined with extremely competitive pricing. The company currently offers service to customers in Texas, California and Nevada, and is the largest ISP in Houston. Its subscribers receive 24-hour, 7-day-a-week customer service as well as added benefits including unlimited e-mail addresses and 300 MB of web space, all for "Just 10 Bucks"(TM) per month, paid on a monthly basis. More information on Everyones Internet may be found on the company's web site at: http://www.ev1.net. Other Internet Service Providers include, America Online (NYSE NYSE See: New York Stock Exchange :AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. ) and Earthlink Network Inc. (Nasdaq:ELNK ELNK EarthLink, Inc. (stock symbol) ELNK Ethernet Link ). Everyones' competitors in the provision of DSL service include Southwestern Bell (NYSE:DSW DSW - penis war ), Northpoint Communications (Nasdaq:NPNT NPNT No Picture No Talk NPNT No Picture, No Truth ), Covad Communications (Nasdaq:COVD COVD College of Optometrists in Vision Development COVD Covad Communications Group (stock symbol) ) and Rhythms NetCommunications (Nasdaq:RTHM) The statements made here by Everyones Internet Inc. may be forward-looking in nature and may involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of Everyones Internet Inc. (EV1) to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These statements are based on current expectations at the time this material was prepared and actual results may differ materially from those projected in forward-looking statements. This information is not a recommendation to buy or sell the securities of EV1. The statements and opinions presented are the views of EV1 and are subject to change. Merger Communications (Merger) is a media relations firm employed by EV1. Merger and EV1 believe that all information in this release has been obtained from sources considered reliable, but cannot guarantee that the statements presented herein are accurate or complete. Merger's compensation currently consists of a monthly cash retainer. Merger typically has a long position in the securities of the companies in which it publishes information, and Merger may be buying or selling securities in the course of its regular business. For more information on Merger's services, visit http://www.mergerusa.com. |
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