XOX Corporation Posts Second-Quarter Profit.Business Editors/High-Tech Writers BLOOMINGTON, Minn.--(BUSINESS WIRE)--Aug. 15, 2000 XOX XOX Hugs and Kisses XOX heX rOund heX (bolts & nuts) XOX X25 over X25 XOX Xml Object Xml Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :XOXC), a leading developer of cutting-edge 3D modeling applications, today announced that net revenues for the quarter ended June 30, 2000 were $591,386, compared to $595,696 reported for the same quarter ending June 30, 1999. Net income for the quarter ended June 30, 2000 decreased to $54,357, or $0.02 per share, compared to a net income of $130,327, or $0.04 per share, for the same period in 1999. Year to date through June 30, 2000, XOX has recorded net revenues of $1,275,216 versus $1,154,541 for the six months ended June 30, 1999. Net income for the first six months of 2000 was $255,169, or $0.08 per share, compared to $280,939, or $0.09 per share, for the same period in 1999. XOX continues to broaden the scope of business opportunities beyond the sale of software licenses In computing, software that is copyrighted and licensed under a software license is done under a variety of licensing schemes. For end-users there are proprietary licenses and there are free software licenses, and there are proprietary Within these schemes are further classifications. , maintenance and support agreements, and royalties through its first end-user product -- ShapesProspector(TM). During the second quarter, XOX released a new salt dome salt dome Largely subsurface geologic structure that consists of a vertical cylinder of salt embedded in horizontal or inclined strata. In the broadest sense, the term includes both the core of salt and the strata that surround and are “domed” by the core. mapping enhancement for ShapesProspector, making it the only PC-based product capable of handling multiple Z values in salt dome mapping. This allows E&P companies to construct and manipulate complex geological models such as salt diapirs, overturned folds and reverse faults quickly, accurately and cost-effectively. XOX Corporation (pronounced "zocks") designs, develops and markets proprietary software for creating virtual mock-ups or models within the computer that capture the complete geometry of objects or spatial areas of interest. This model can then be used for visual analysis or to simulate physical phenomena in a diverse set of disciplines ranging from geosciences to medical applications. Uses of geometric computing software include, but are not limited to, Geophysical ge·o·phys·ics n. (used with a sing. verb) The physics of the earth and its environment, including the physics of fields such as meteorology, oceanography, and seismology. software (such as oil-field modeling), Computer Aided Design (application) Computer Aided Design - (CAD) The part of CAE concerning the drawing or physical layout steps of engineering design. Often found in the phrase "CAD/CAM" for ".. manufacturing". ("CAD"), Computer Aided Engineering (application) Computer Aided Engineering - (CAE) Use of computers to help with all phases of engineering design work. Like computer aided design, but also involving the conceptual and analytical design steps. ("CAE (1) (Computer-Aided Engineering) Software that analyzes designs which have been created in the computer or that have been created elsewhere and entered into the computer. "), Geographical Information Systems Geographical Information System - Geographic Information System ("GIS"), Medical Image Processing image processing Set of computational techniques for analyzing, enhancing, compressing, and reconstructing images. Its main components are importing, in which an image is captured through scanning or digital photography; analysis and manipulation of the image, accomplished , Industrial and Graphics Arts Design, Animation, as well as Scientific Visualization scientific visualization Process of graphically displaying real or simulated scientific data. It is a vital procedure in the creative realization of scientific ideas, particularly in computer science. and Analysis. For more information, visit the XOX Web site at www.xox.com. This news release, other than historical financial information, 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. These forward-looking statements will likely be impacted by factors outside the company's control and may differ materially from actual future events or results. There are a number of important factors that could cause actual results to differ materially from those anticipated by any forward-looking information. A description of risks and uncertainties relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc XOX Corporation and its industry and other factors which could affect the Company's financial results are included in the Company's Securities and Exchange Commission filings.
XOX Corporation
CONDENSED CONSOLIDATED STATEMENT OF EARNINGS
For the three months For the six months
ended June 30, ended June 30,
-------------------- --------------------
2000 1999 2000 1999
(Unaudited)(Unaudited) (Unaudited)(Unaudited)
--------- --------- --------- ---------
Net revenues
License and product
sales $375,000 $375,000 $797,300 $750,000
Customer support
and consulting 185,261 206,946 404,191 390,791
Royalties 31,125 13,750 73,725 13,750
--------- --------- --------- ---------
591,386 595,696 1,275,216 1,154,541
Operating expenses
Research and
development 301,746 282,555 569,255 504,851
Selling, general
and administrative 257,042 240,695 484,921 430,058
--------- --------- --------- ---------
558,788 523,250 1,054,176 934,909
Income from operations 32,598 72,446 221,040 219,632
Interest income 16,987 14,130 31,769 27,366
Interest expense (458) (5,020) (458) (12,810)
Miscellaneous 4,314 48,771 2,818 46,751
--------- --------- --------- ---------
Net income $54,357 $130,327 $255,169 $280,939
========= ========= ========= =========
Net income per share
Basic $.02 $.04 $.09 $.09
Diluted .02 .04 .08 .09
--------- --------- --------- ---------
Weighted average
shares outstanding
Basic 2,977,346 3,072,901 2,992,982 3,072,901
Diluted 3,279,028 3,072,901 3,268,996 3,072,901
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