Interactive Objects (OBJX) - 500 Beiträge pro Seite

[billyboy66]

an little, tech..,

wo bleiben denn die news aus bill gates land.....werde langsam unruhig....nachdem wir die 2$ klar unterschritten haben....werde doch nicht zum zweiten mal auf die bude reinfallen....?!?!?

also wohin vfährt der zug und wozu ratet ihr objx-experten??? Nachkaufen vielleicht???

[Techroad]

Die aktuellen Kurse sind meiner Meinung nach klare Kaufskurse. Die momentane Kursschwäche ist für mich ein Rätsel. Die von OBJX entwickelte Mobile Audio Player Technology setzt nämlich den Standart im Markt. Als kleiner Beweis dafür schau Dir bitte den folgenden Press Release an:
http://biz.yahoo.com/bw/990524/il_platinu_2.html
Weitere Adressen zu diesem Thema sind:
http://www.pdadash.com/news/reviews/1999/99.05.06/index4.sht…
http://www.casio-usa.com/hpc/detail.cfm?PID=1182

Natürlich verstehe ich wenn Investoren bei diesen Kursen nervös werden. Klar, OBJX hat ihre Technolgie an MSFT verkauft. Sie erhielten aber von Microsft zu selben Zeit einen Auftrag weitere Applikationen für das Windows CE Operating Systems zu entwickeln. Und das werden sie tun! Ich glaub nicht, dass Interactive uns Long-Term-Investoren reingelegt hat. Es sind einmal mehr die Kurzfristinvestoren und wahrscheinlich auch Shorter die versuchen ihr Spiel zu treiben.

[performancepeak]

Hallo zusammen!
Ich bin selber Software-Entwickler und betrachte die ganze Sache eher etwas von der technischen Seite. Casio hat die von Interacitve entwickelte Technologie von Microsoft für den E-100 adoptiert. OBJX kann sich sehr glücklich schätzen einen Deal mit solchen Partnern gemacht zu haben. Es scheint als ob OBJX die richtigen Leute hat. Darum glaube ich, dass auch die weiteren von OBJX entwickelten Produkte einen grossen Erfolg haben werden.
Zur Aktie kann ich nicht sehr viel sagen. Auf jeden Fall machen der aktuelle Kursrückgang und die von OBJX gezeigte Produkte-Performance überhaupt keinen Sinn.

[Techroad]

Hello!
Ich habe soeben von meiner Informationsquelle einige Sachen gehört. Es scheint, dass ein einzelner Investor sich von seiner Position trennen will bzw. offensichtlich am Trennen ist. Verkaufsdruck könnte bald vorbei sein. Das aktuelle Kursniveau bietet eine einmalige Gelegenheit sich mit OBJX Aktien einzudecken. Die News in den nächsten Wochen werden alle vom Sockel hauen.

[billyboy66]

deine worte in gottes ohr...werde morgen mal nachlegen....und Deiner geheimnisvollen Quelle vertrauen.....

apropos...wo ist denn little abgeblieben...verkauft?

[Techroad]

Meiner Quelle vertraue ich 100%. Leider müssen wir hier durch aber sobald die ganze Sache bereinigt ist, wird die Firma auch wieder News bekannt geben. Meine Informationen sind immer noch die selben: Der Media-Player-Deal mit MSFT ist erst der Anfang.

[billyboy66]

hey techroad....danke für Deinen zuspruch...hab heute in D bei 1,52€ nachgelegt!

In USA bereits 41% im Plus *freu*!

Gibt es News oder steht der Rebound an?

Apropos...hat Deine 100%-Quelle auch noch andere Tips auf Lager?!?

go OBJX!

[jordan-is-back]

da scheint echt was im busche zu sein! Zwar bröckelt der kurs wieder, aber 330.000! Umsatz nach knapp 2 Stunden läßt auf nachrichten hoffen?

techroad, was sagt die Quelle?

[Techroad]

Leider ist der Verkäufer immer noch aktiv. Wir müssen noch etwas durchhalten. Sobald es vorüber ist, wird die Post abgehen. Die Volumen sind extrem hoch. Ist eigentlich ein gutes Zeichen. Es sollte so nämlich bald vorbei sein.

[jordan-is-back]

warum will sich denn dieser "verkäufer" von den stücken trennen, wenn objx doch so gute Perspektiven bietet???

Ist schon irritierend, oder?

[Techroad]

Hi Jordan-is-back!
Du hast absolut recht. Es gibt Leute auf dieser Welt, die wir "normalen" Menschen ganz einfach nicht verstehen können. Dieser Verkäufer muss offensichtlich in Geldschwierigkeiten stecken oder er ist aus anderen Gründen gezwungen die Aktien zu verkaufen. Ich bin allerdings froh, dass die Aktien auf diesem Preisniveau in den Markt fliegen. Bei $4 oder mehr müsste man viel mehr Geld in die Hand nehmen um die Verkäufe zu absorbieren. Sobald die Sache überstanden ist, kann die Firma beim MSFT-Deal anknüpfen.

[Checker]

Little is back,
hallo OBJX Freunde, bin eben zurückgekommen und lese mit erstaunen eure Zweifel an dem
Investment, ich denke das Techroad und ich euch von unserem Wissen überzeugt haben.
Kursziel 4$ sind ein Anfang. Ich habe kurzfristige Tradingstücke abgegeben jedoch immer
noch langfristig in OBJX investiert. Werde morgen ein paar Stücke nachlegen.
Zu den Infos von Techroad, es gibt immer Personen die sich von Aktien trennen, die Gründe
sind für uns unbekannt - das schlimmste was passieren könnte: es ist ein Shortie ! ich denke
jedoch nicht und wenn hat er sein Ziel bei ca. 1,20 erfüllt und wird das Spiel dann lassen.
Kaufen auf niedrigem Niveau und sich freuen !

Gruß
little

PS: Meine Quellen muss ich erst abtasten - ich war , wie gesagt, weg !

[performancepeak]

In einem amerikanischen Board wurde ich auf folgende Seite auf der OBJX-Webpage aufmerksam.
http://infoapp.iobjects.com/products/autopc.htm
Es scheint so, als ob OBJX eine Technology für Autoradios hat. Ich kann mir sehr gut vorstellen, dass auch bei den Autoradios einiges passieren wird.
Schaut Euch einmal die Seite an. Kommentare?

[billyboy66]

hallo little alias checker, welcome home!

Schön, wenn man den ganzen Tag offline ist und sieht was der Tag gebracht hat!!!

38 % im Plus bei hohen Umsätzen macht Lust auf mehr!!!

Allen OBJX-Anhängern ein schönes WE!

[jordan-is-back]

der investor sollte nun aber wirklich draußen sein, immerhin sind zu Beginn der Handelszeit einige Blöcke umgegegangen...

jetzt kommt langsam musik in die aktie!

his airness

[hongkong]

jungs der unbekannte verkaeufer ist ein vorstands-
mitglied. er hat beantragt bei der sec 954800 aktien zu verkaufen am dienstag dieser woche.
die news findet ihr auf quote.yahoo.com rubrik
insider unter kuerzel objx. beim sec report
jahresergebnis von objx findet ihr innerhalb der
ueber 60 seiten wieviel aktien dieses vorstandsmit-glied insgesamt hat. viel spass
objx ist ein muss fuer risikofreudigen anleger.

[jordan-is-back]

hey little, schön daß Du Dein Insider-Wissen wieder preisgibst, aber warum mußt du gleich einen neuen thread eröffnen? Dieser hätte es doch auch getan!

Nevertheless, OBJX is on the move!

Kannst du Deine Infos konkretisieren, Zeitpunkt, Name???

thx

his airness

[Techroad]

Hallo liebe OBJX-Freunde

Gemäss meinen Informationen sollte OBJX heute einen Press Release machen.

[jordan-is-back]

und was werden sie uns verkünden, techroad???

[KNECHT]

wird wohl noch ne weile dauern bis die an den NM wechseln, aber klingt alles in allem recht vielversprechend .....
hoffentlich gehts weiter so

sers Knecht

[little]

An jordan-is-back:
sorry aber ich war an einem anderen PC (habe einen Freund von mir besucht, dessen
Bildschirm war defekt und er hatte zur Überbrückung seinen alten 14-zoller angeschlossen-
da hatte ich das Posting wohl übersehen). Insider-Wissen ist das sicherlich nicht, denn es
kommt aus vielen zugänglichen Quellen, man muss bloss alle genau lesen und diese
entsprechend analysieren und nachhören, das ganze Puzzle setzt man dann zusammen
und hat das Ergebnis, so könnte es funktionieren "".
Es wird wahrscheinlich schon noch einige Zeit gehen bis OBJX an den Neuen Markt geht,
es ist auf jeden Fall wichtiger, dass wenn das Listing in NY und FFM erfolgt die Story
hintendran astrein ist und die Zahlen stimmen, denn der NM ist nicht mehr das was er einmal
mit 35 Aktien und einer handvoll Neuemissionen war, er wird von vielen Unternehmen als
Gelddruckmaschine angesehen und jetzt haben es die Kleinanleger und einige Anlageberater
begriffen nur noch ausgewählte Titel zu kauffen/zeichnen.
Wir werden auf jeden Fall noch was von OBJX hören, ich denke das dieses release vorgezogen wurde und das andere nun in kürze folgt.

Greetings

Little

[jordan-is-back]

an little: thanks....
Bin etwas erstaunt darüber, daß OBJX an den NM wechseln will?!?

Macht das überhaupt Sinn? Sollten die sich nicht eher um ein NASDAQ-Listing bemühen?!?

his airness

[schwede2]

Kleine Lektuere fuer den morgen gefaellig?

U.S. Securities and Exchange Commission
Washington, D.C. 20549

FORM 10-QSB
(Mark One)
[X] Quarterly report pursuant section 13 or 15(d) of the Securities Exchange
Act of 1934 for the quarterly period ended March 31, 1999
[ ] Transition report pursuant section 13 or 15(d) of the Securities Exchange
Act of 1934 for the transition period from ____________ to
________________

INTERACTIVE OBJECTS, INC.
(Exact name of small business issuer as specified in its charter)

Commission file number: 0-25373

WASHINGTON 87-0434226
(State or other jurisdiction (IRS Employer Identification No.)
of incorporation or organization)

217 Pine Street, Suite 800
Seattle, WA 98101
(Address of principal executive offices)

[phone]
(Issuer`s telephone number)
___________________

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. Yes [X] No [ ]

Securities registered under Section 12(b) of the Exchange Act: None
Securities registered under Section 12(g) of the Exchange Act: Common Stock,
$.01 par value

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS
DURING THE PRECEDING FIVE YEARS:
Not applicable

APPLICABLE ONLY TO CORPORATE REGISTRANTS

State the number of shares outstanding of each of the issuer`s classes of common
equity, as of the latest practicable date: As of May 3, 1999, the Registrant
had 14,616,952 shares of Common Stock outstanding.

TRANSITIONAL SMALL BUSINESS DISCLOSURE FORMAT (check one): Yes [ ] No [X]


INTERACTIVE OBJECTS, INC.
FORM 10-QSB
FOR THE QUARTER ENDED MARCH 30, 1999




Index Page Number


PART I FINANCIAL INFORMATION

Item 1. Consolidated Balance Sheets at March 31, 1999 and March 31, 1998 4

Consolidated Statements of Operations for the three month periods ended
March 31, 1999 and March 31, 1998 5

Consolidated Statements of Cash Flows for the three month periods ended
March 31, 1999 and March 31, 1998 6

Notes to Unaudited Consolidated Financial Statements 7

Item 2. Management`s Discussion and Analysis of Financial Condition and
Results of Operation 8

PART II OTHER INFORMATION

Item 1. Legal Proceedings 13

Item 2. Changes in Securities 13

Item 3. Defaults Upon Senior Securities 13

Item 4. Submission of Matters to a Vote of Security Holders 14

Item 5. Other Information 14

Item 6. Exhibits and Reports on Form 8-K 14

SIGNATURE 15

EXHIBIT INDEX 14


2


PART 1 - FINANCIAL INFORMATION

Item 1. Financial Statements

Consolidated Balance Sheets at March 31, 1999 and March 31, 1998

Consolidated Statements of Operations for the three month periods ended March
31, 1999 and March 31, 1998

Consolidated Statements of Cash Flows for the three month periods ended March
31, 1999 and March 31, 1998

Notes to Unaudited Consolidated Financial Statements

3


INTERACTIVE OBJECTS, INC.
CONSOLIDATED BALANCE SHEETS
March 31, 1999 and 1998



March 31, 1999 March 31, 1998
(Unaudited) (Unaudited)

ASSETS

Current Assets
Cash $ 2,268,107 $ 109,044
Certificate of Deposit 106,835 101,309
Accounts Receivable 62,887 --
Prepaid Expenses 123,281 36,155
----------- -----------
TOTAL CURRENT ASSETS 2,561,110 246,508

Furniture and Equipment, at cost,
less accumulated depreciation of
$120,031 and $31,111 381,104 239,570

Other Assets
Capitalized software costs -- 165,000
Deposits 8,180 11,429
----------- -----------
8,180 176,429

$ 2,950,394 $ 662,507
=========== ===========
LIABILITIES AND STOCKHOLDERS` EQUITY

Current Liabilities
Accounts Payable $ 300,067 $ 310,971
Accrued Expenses 264,915 51,850
Current Portion Long-term Debt 194,316 538,500
----------- -----------

TOTAL CURRENT LIABILITIES 759,298 901,321

Long-term debt, less current portion 61,608 --

Stockholders` Equity
Preferred stock, $.01 par value;
2,000,000 authorized, no shares issued
and outstanding -- --
Common stock, $.01 par value; 50,000,000
Authorized, 14,616,952 shares issued and
outstanding at March 31, 1999 and
12,944,917 shares issued and outstanding
at March 31, 1998 146,169 19,417
Additional paid-in-capital 8,537,409 1,353,965
Retained deficit (6,554,090) (1,612,196)
----------- -----------
2,129,488 (238,814)

$ 2,950,394 $ 662,507
=========== ===========



See Notes to Consolidated Financial Statements.

4


INTERACTIVE OBJECTS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
Three Months Ended March 31, 1999 and March 31, 1998



March 31, 1999 March 31, 1998
(Unaudited) (Unaudited)

Revenues
Service Revenue $ 582,830 $ 476,302

Expenses
Labor and Benefits 885,228 685,223
Selling, general and administrative 494,169 410,009
----------- -----------
1,379,397 1,095,232

Loss from Operations (796,567) (618,930)

Interest Expense -- (3,414)
Interest Income 27,017 --
----------- -----------
Net Loss $ (769,550) $ (622,344)


Retained deficit, beginning of period $(5,784,540) $( 989,852)
----------- -----------
Retained deficit, end of period (6,554,090) (1,612,196)
=========== ===========

Basic earnings (loss) per share of
common stock $(.05) $(.05)
=========== ===========
Weighted average common and common
Equivalent shares outstanding 15,419,174 12,944,917
=========== ===========


See Notes to Consolidated Financial Statements.

5


INTERACTIVE OBJECTS, INC.
CONSOLIDATED STATEMENT OF CASH FLOWS
Three Months Ended March 31, 1999 and March 31, 1998




March 31, 1999 March 31, 1998
(Unaudited) (Unaudited)


Cash Flows From Operating Activities
Net Loss $ (769,550) $(622,344)

Adjustment to reconcile net loss
to net cash used in
operating activities

Depreciation 97,453 12,692

Changes in Operating Assets
and Liabilities
Accounts receivable (48,887) 10,698
Prepaid expenses 31,027 (147)
Accounts payable 195,233 125,033
Accrued expenses (109,695) (11,044)
Other (1,936) --
----------- ---------

Cash Flows from Operating Activities (606,355) (485,112)


Cash Flows From Investing Activities
Purchase of equipment (138,223) (61,811)
Capitalized software costs -- (35,000)
----------- ---------

Cash Flow from Investing Activities (138,223) (96,811)


Cash Flows From Financing Activities
Redemption of stock (475,000) --
Proceeds on notes payable 155,750 476,000
Payments on notes payable (14,600) --
----------- ---------

Cash Flows from Financing Activities (333,850) 476,000
----------- ---------

Net decrease in cash (1,078,428) (105,923)

Cash, beginning of period 3,346,535 214,967
----------- ---------

Cash, end of period $ 2,268,107 $ 109,044
=========== =========



See Notes to Consolidated Financial Statements.

6


INTERACTIVE OBJECTS, INC.
Notes to Unaudited Consolidated Financial Statements

Note 1. Basis of Presentation

The accompanying unaudited consolidated financial statements have been prepared
in accordance with the instructions to Form 10-QSB and therefore do not include
all disclosures necessary for a fair presentation of financial position, results
of operations and cash flows in conformity with generally accepted accounting
principles. The unaudited consolidated financial statements include the
accounts of Interactive Objects, Inc. ("Interactive Objects" and its wholly-
owned subsidiary Avatar Interactive, Inc. ("Avatar". Effective March 31, 1999,
Interactive Objects acquired all of the equity interests of Avatar in exchange
for 858,025 shares of Interactive Objects common stock. These consolidated
financial statements have been prepared under the pooling of interests method of
accounting and reflect the combined financial position and operating results of
Interactive Objects and Avatar as of and for the three month period ended March
31, 1999. Avatar began operations April 1, 1998, so the balance sheet as of
March 31, 1998, and the statement of operations for the three month period ended
March 31, 1998 do not include Avatar`s financial activities. The operating
results for interim periods are unaudited and are not necessarily an indication
of the results to be expected for the full fiscal year. In the opinion of
management, the results of operations as reported for the interim period reflect
all adjustments which are necessary for a fair presentation of operating
results.

Note 2. Per Share Information

In February 1997, the Financial Accounting Standards Board issued Statement of
Financial Accounting Standards No. 128, "Earnings Per Share" ("FAS 128" which
is effective for interim and annual financial statements for periods ending
after December 15, 1997. Under FAS 128, basic and diluted earnings per share
are to be presented. Basic earnings per share is computed by dividing income
available to common shareholders by the weighted average number of common shares
outstanding in the period. Diluted earnings per share takes into consideration
common shares outstanding (computed under basic earnings per share) and
potentially dilutive common shares. Stock purchase warrants outstanding have
not been reflected as exercised for the purposes of computing diluted earnings
or loss per share since the exercise of such warrants, would be antidilutive.
Accordingly, basic and diluted earnings or loss per share are the same. The
weighted average number of shares was 15,419,174 and 12,944,917 for the three
month periods ended March 31, 1999 and 1998. For the purpose of calculating
consolidated loss per share, it is assumed that the 858,025 shares issued to
acquire Avatar were issued on January 1, 1999, the earliest date the results of
operations, and cash flows of Avatar are included in the consolidated financial
statements.

7


Item 2. Management`s Discussion and Analysis of Financial Condition and Results
of Operation

INTERACTIVE OBJECTS, INC.
MANAGEMENT`S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATION

THREE MONTHS ENDED MARCH 31, 1999 COMPARED TO THE
THREE MONTHS ENDED MARCH 31, 1998

Statement of Forward-Looking Information

Statements contained herein that are not based on historical fact, including
without limitation statements containing the words "believes," "may," "will,"
"estimate," "continue," "anticipates," "intends," "expects" and words of similar
import, constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks, uncertainties and other factors that
may cause the actual results, events or developments to be materially different
from any future results, events or developments expressed or implied by such
forward-looking statements. Such factors include, among others, the following:
general economic and business conditions, both nationally and in the regions in
which the Company operates; technology changes; competition; changes in business
strategy or development plans; the ability to attract and retain qualified
personnel; liability and other claims asserted against the Company; and other
factors referenced in the Company`s filings with the Securities and Exchange
Commission. Given these uncertainties, readers are cautioned not to place undue
reliance on such forward-looking statements. The Company disclaims any
obligation to update any such factors or to publicly announce the result of any
revisions to any of the forward-looking statements contained herein to reflect
future results, events or developments.

Overview

The Company was incorporated in the State of Washington in October 1995 and
operated under the name Neoteric Media, Inc., d/b/a Interactive Objects, until
August 1997. In August 1997, pursuant to the terms of an acquisition agreement
with Asia Pacific Chemical Engineering Corp., a publicly-held Utah corporation
with nominal assets and liabilities ("APEC", Neoteric Media entered into a
business combination with APEC. In the Neoteric Acquisition, the shareholders of
Neoteric Media exchanged their stock for a majority of the then-outstanding
common stock of APEC and Neoteric Media became a wholly-owned subsidiary of APEC
(which changed its name to Interactive Objects). For accounting purposes, the
Neoteric Acquisition was accounted for as a reverse purchase, with Interactive
Objects as the continuing entity. The Company`s audited financial statements
include, since August 1997, the results of APEC operations, which were
insignificant.

From January 1, 1999 to March 31, 1999, substantially all of the Company`s
revenues were derived from software consulting services. To date, the Company
has provided consulting services to predominately Fortune 1000 companies,
including SAFECO, Microsoft, Airborne Express, Paccar, Pinnacle, CourtLink,
Eddie Bauer and Port Townsend Paper. During this

8


period, the Company created a new Information Appliances division which focuses
on emerging technology and strategic partnering with hardware, software and
platform providers to deliver to consumers the tools they want to work, play,
and function more efficiently. The development of the Microsoft Mobile Audio
Player, the first digital audio player software for the Microsoft Windows CE
operating system, is a direct product of this division`s talent and focus. In
addition, the Company has signed an ongoing contract with Microsoft for the
continuing development of streaming technology for the Windows CE operating
system. With support for Windows Media Technologies, the "MSAudio" codec, as
well as MP3, the Information Appliances division is positioned on the cutting
edge of digital audio software technology.

The Company anticipates that it will begin to devote further resources to
product development in fiscal 1999. All costs incurred in the research and
development of software products and enhancements to existing products have been
expensed as incurred and the cost of acquired software products have been
capitalized. The Company`s capitalized software is amortized as required by GAAP
principles beginning in the first quarter of 1998 when the product was released
for sale to the public.

In the first quarter of 1998, the Company released two software component
products and acquired a Novell-based software component product. Subsequent to
such acquisition, the Company decided to focus exclusively on Microsoft-based
software component products. The Company also released a suite of seven
components in October 1998. Until recently, the Company has marketed its
products solely through the Internet. As a result of low product sales, the
Company is focusing more attention in 1999 on development and licensing of its
intellectual property, building strategic partnerships, and enhancing its
software consulting group.

Effective October 1998, the Company announced a corporate restructuring plan.
As part of this plan, the Company reduced its employee base from 23 to 13
employees, most of whom were first-level supervisors and administrative staff.
In addition, the Company promoted Steve Wollach, the Company`s Chief Financial
Officer and Director, to serve as the Company`s President, replacing Matthew
Schiltz. Mr. Schlitz was a consultant hired by the Company in October 1998 to
serve as the interim Chief Executive Officer in connection with the resignation
of Ryan Smith, the former Chief Executive Officer of the Company. Mr. Schiltz
will continue to serve as an advisor to the Company and its Board of Directors
through June, 1999. In connection with the restructuring plan, the Company
included a provision for up to $310,000 for severance and settlement payments in
connection with the resignations of Ryan Smith and John Guarino from their
positions as officers and directors of the Company. In the first quarter of
1999, the Company settled all disputes with Messrs. Smith and Guarino. Also in
connection with the restructuring plan, the Company repriced all outstanding
stock options held by current Company employees and directors to $1.406 per
share, the closing trading price of the Common Stock on the OTC Bulletin Board
on November 4, 1998.

Effective March 31, 1999, the Company acquired Avatar Interactive, Inc., a
Washington corporation ("Avatar". The acquisition of Avatar was effected by
means of a forward merger of a newly formed Washington corporation and wholly-
owned subsidiary of the Company with and into Avatar. Avatar became a wholly-
owned subsidiary of the Company. The merger was accounted for as a pooling-of-
interests.

9


Results of Operation Three Months Ended March 31, 1999

Revenues. Revenues for the three-month periods ended March 31, 1998 and 1999
increased by 22.4% from $476,302 to $582,830, respectively. During the three-
month period ended March 31, 1999, substantially all of the Company`s revenue
was generated by its software consulting services. The increase in gross revenue
is attributable primarily to consulting services and the Avatar Merger. During
the first quarter of 1999, the Company had insignificant revenue from product
sales. In prior periods, the Company had no revenues from product sales.

Labor and Benefits Expenses. Labor and benefits includes all internal labor
costs and other direct costs related to project performance, such as project
specific independent contractor fees, labor costs, supplies and specific project
related expenditures. The Company`s labor and benefits expenses for the three-
month periods ended March 31, 1998 and 1999 increased by 29.2% from $685,223 to
$885,228, respectively. The increase in labor and benefits expenses from the
first quarter of 1999 to the same period in 1998 was directly attributable to
the increase in consulting services and contract labor for those services and
the Company`s establishment of its Information Appliances division.

At March 31, 1999, the Company had ten employees in software consulting
services and product development, four employees in sales and marketing and nine
employees in general and administrative. In addition, the Company hires
independent contractors to service project demand for the Company`s consulting
services on a project by project basis, and expects to continue to staff
projects with both company employees and independent contractors. The Company
expects that it will hire additional staff if and as needed to meet demand from
current clients and prospective clients whose projects are anticipated to
commence within ninety days after hiring.

Selling, General and Administrative Expenses. Selling, general and
administrative expenses for the three-month periods ended March 31, 1998 and
1999 increased by 20.5% from $410,009 to $494,169, respectively. In each
period, these expenses consisted primarily of employee recruiting, travel,
professional fees, occupancy costs, telephone and related Internet connectivity
fees, computer network costs, office expenses and supplies, marketing,
advertising and new business development costs. Overall, selling, general and
administrative expenses as a percentage of gross revenue were 84.8% for the
three-month period ended March 31, 1999 as compared to 86.1% for the same period
in 1998. Selling, general and administrative expenses have increased due to
increased staffing, investment in infrastructure and associated expenses
necessary to manage and support the Company`s growing operations. The Company
believes that its selling, general and administrative expenses will increase in
dollar amount for fiscal 1999 as a result of an anticipated expansion of the
Company`s administrative staff required to support its growing operations and as
a result of an increase in expenses associated with being a Exchange Act
reporting company.

Interest Income/Expense. Interest expense represents interest expense on
Company debt. Interest income for the three-month period ended March 31, 1999
was $27,017 compared with interest expense for the three-month period ended
March 31, 1998 of $(3,414). This change was

10


primarily due to earnings from interest bearing savings accounts attributable to
the proceeds from the Company`s 1998 private placement of Common Stock.

Net Loss. The Company recognized a net loss for the three-month periods
ended March 31, 1998 and 1999 of $622,344 and $769,550, respectively. The net
loss as a percentage of gross revenue were 132.0% for the three month period
ended March 31, 1999 as compared to 130.7% for the same period in 1998. The
increase in net loss on an absolute basis is due primarily to increased general
and administrative costs and investment into the Information Appliances
division.

Liquidity and Capital Resources

As a result of hiring additional employees, increasing marketing and
increasing its product development efforts in anticipation of product releases
in 1999, the Company`s capital requirements have been and will continue to be
significant and its cash requirements have been and will continue to exceed cash
flows from operations. As a result, the Company has been substantially dependent
on sales of its equity securities, cash flow from operations, and borrowings
from affiliates. At March 31, 1999, the Company had cash in the aggregate amount
of approximately $2,268,107, primarily attributable to the priv

[schwede2]

OBJX wird heute kaufsignal generieren!

schaut euch mal, unter www.finanznavigator.de/index1.htm
-auswahl1: javacharts
-RT-charts (rechts oben)

dauert etwas!

,mit folgenden optionen den objx chart an:

-Chart:line
-MACD (Auswahl links unten!)
-Time: 60

=> kaufsignal wenn blaue, rote linie von unten nach oben durchbricht.

was sagt ihr?