FIRST ECOM - Quartalszahlen - 500 Beiträge pro Seite

[goo]

Friday August 11, 12:39 pm Eastern Time

Press Release

First Ecom.com Inc. Announces Second Quarter Financial Results

HONG KONG--(BUSINESS WIRE)--Aug. 11, 2000--First Ecom.com, Inc. (NASDAQ: FECC, BSX: FECC, FECC BH), a global provider of electronic payment processing solutions, today announced financial results for the quarter ended June 30, 2000, the second quarter of its fiscal year 2000.

First Ecom posted revenues for the second quarter of fiscal year 2000 of US$ 410,431. Operations resulted in a net loss, before non-cash items, for the second quarter of 2000 of $ 2,242,958, as compared to the second quarter 1999 loss of $ 686,315.

``We have had a significant second quarter,`` said Harold Hutton, president and CEO of First Ecom. ``During the second quarter most of our revenues were generated from our systems integration business. We are committed to building a company that provides the financial industry with a global, secure e-payment service. Important milestones were achieved during the quarter. These accomplishments include obtaining our NASDAQ National Market System listing, the announcement of the first bank in Hong Kong to use our solution, the acquisition of Asia Internet, and the strengthening of our senior management team, through the appointment of Gregory Pek as Chairman of the Board and my succeeding him as president and CEO. Other management changes included the appointment of a new CFO and a president of our Canadian operations. In addition, First Ecom has also made technological advances through the addition of secure payment processing for WAP-enabled devices, new partnership agreements with the likes of iAsiaWorks and Planet Payment, and an out-of-the-box solution with Sun MicroSystems, Sybase, and inter-Merchant.

Hutton added, ``These achievements illustrate our commitment to continually be on the leading-edge to provide banks and their merchants with the most advanced global e-payment solutions available. More and more banks are realizing the benefits of outsourcing payment processing, and as they do we are here to assist them by proving a universal, secure, cost efficient electronic payment solution that enables banks to immediately profit from the new economy.``

The Company`s financial results for the quarter ended June 30, 2000 accompanied the filing of its Form 10-Q with the Securities & Exchange Commission on August 11, which is available on-line at the SEC`s Edgar database at www.freeedgar.com.


Financial Summary

FIRST ECOM.COM, INC.
Financial Highlights (Unaudited)

Quarter Ended Six Months Ended
June 30, June 30, June 30, June 30,
2000 1999 2000 1999

Total Revenue: $ 410,431 $ nil $ 415,233 $ nil
Payment
processing $ 5,730 $ nil $ 10,532 $ nil
Systems
integration $ 404,701 $ nil $ 404,701 $ nil
Operating loss $(4,795,136) $ (752,289) $(7,427,187) $(1,298,569)
Net Loss $(4,322,430) $ (745,264) $(6,775,142) $(1,285,799)
Basic and
diluted net
loss per share $ (0.24) $ (0.06) $ (0.40) $ (0.12)
Shares used to
compute basic
and diluted net
loss per share 18,210,037 12,540,000 17,038,265 11,164,556
Net loss before
non-cash items $(2,242,958) $ (686,315) $(4,232,615) $(1,226,850)
Net loss per
share before
non-cash items
basic and diluted $ (0.12) $ (0.05) $ (0.25) $ (0.11)


About First Ecom

As a global provider of electronic payment processing, First Ecom provides secure, easy-to-implement and low-cost online payment processing services to banks and their merchants worldwide. Through strategic partnerships with banks, ISPs, e-commerce product suppliers, system integrators and storefront solution providers, First Ecom.com will process credit card transactions made over the Internet in multiple currencies, either domestically or offshore in a tax-neutral jurisdiction.

For more information, visit http://www.firstecom.com or contact First Ecom at +(852) 2801-5181 or by e-mail at [e-mail].

[goo]

was bedeutet "systems integration"?

[buyandhold]

Und Eure Meinung ?

Wars das jetzt ? Oder doch nachkaufen ?

[goo]

@ buyandhold: so ähnlich war das zu erwarten, imo.

@ alle: noch mal - was bedeutet "systems integration" (wird aber wohl eh keiner wissen)? hängt das mit asia internet zusammen?

[DeepBlue71]

Denke ja!
Zieh mir das ding bei Free edgar runter

[ironwalker]

First ecom zieht in den USA an!

[BelaB]

grundsätzlich ist der abwärtstrend noch ungebrochen. ich sehe keinen grund für irgenwelche positiven entwicklungen. leider!

[ironwalker]

Die Umsätze ziehen in Amiland stark an!!! Das muß die Wende sein!