InvestorLinks.com Announces Second Quarter Results.Business Editors CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--Dec. 29, 2000 InvestorLinks.com Inc. ("InvestorLinks" or the "Company") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :IVLKF)(CDNX CDNX See Canadian Venture Exchange (CDNX). :YIK YIK Yes I Know .) is pleased to announce that it has issued its unaudited interim consolidated financial statements Consolidated Financial Statements The combined financial statements of a parent company and its subsidiaries. Notes: Because consolidated financial statements present an aggregated look at the financial position of a parent and its subsidiaries, they enable you to gauge for the six months ended October 31, 2000. These statements reflect that in the period the Company earned revenue in the amount of $120,053. Operating and administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. incurred were $851,750 resulting in a net loss for the period of $731,698, which when including unrealised foreign exchange gain of $77,719 resulted in a net loss of $653,978 or $0.04 per share. "It has been six months since the acquisition of the web site InvestorLinks.com. Since the acquisition we have accomplished several important milestones in the implementation of our business plan designed to create a position of strength within the Financial Internet sector," stated Romaine Gilliland, 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. . "These key milestones have been accomplished on time and below budget and we remain financially well positioned for future growth." Key milestones during this six-month period include a strategic alliance with global financial content firm, StockHouse Media Corporation, to Provide Business Development Services and the announcement that InvestorLinks had closed a private placement, with an arm's length arm's length adj. the description of an agreement made by two parties freely and independently of each other, and without some special relationship, such as being a relative, having another deal on the side or one party having complete control of the other. third party for the issuance of 680,000 units at US $2.25 for net proceeds of US $1,530,000. Subsequent to the closing of the six-month period, InvestorLinks formed strategic partnerships with Ask Research, IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. .com and WallStreetTape.com, and announced the enhancement of InvestorLinks' financial content through several additional sources. Equally important, on November 17, 2000, InvestorLinks released its website refresh Version 2.0. Initial user acceptance has exceeded expectations with the first month site traffic increasing 25% and the number of visitors in December anticipated to approach 300,000. Additionally, InvestorLinks received written confirmation that its common shares had been approved for listing on Tier 3 of the Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) commencing December 22, 2000 under the trading symbol YIK. ABOUT INVESTORLINKS.COM INC. InvestorLinks owns and operates the Internet investment site www.investorlinks.com. Chosen as one of the "Best Websites for Investors" by BARRON'S, InvestorLinks is recognized in North America as a premier investor resource on the net, and is regularly listed as a "financial megasite" in Online Investor Magazine. Since 1997, the InvestorLinks' primary product offering has developed into an extensive directory of over 12,000 business and financial links for the investment community. InvestorLinks now serves over 200,000 users per month. InvestorLinks.com Inc. is based in Charlottesville, Virginia, with corporate offices in Toronto, Ontario. There are currently 19,524,576 common shares of InvestorLinks issued and outstanding. This release may contain forward-looking statements, within the meaning of the "safe-harbor" provision of the 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, regarding InvestorLinks.com's business or financial condition. Actual results could differ materially from those described in this news release as a result of numerous factors, some of which are outside of the control of the Company.
Investor Information:
Pier Group Marketing
888/270-8586
www.thepiergp.com
info@thepiergp.com
or
Corporate Information:
InvestorLinks.com Inc.
804/817-7770
www.investorlinks.com
info@investorlinks.com
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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