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A "WISE" person forwarded this to me and I thought it was something I would like to share with everyone. The big news for Thursday January 3, 2001, was of course the aggressive
Fed decision to cut rates. The market exploded on this news with the Dow up 299.60 and the Nasdaq up an amazing 324.83, +14.17%. This news helped investors' confidence over the current economic conditions and thus brought out the bargain hunters to stage an impressive rally. The FED hinted that the door is open for yet another rate cut at the month-end FOMC meeting.
MYCOM GROUP INC - 3Q Revenues More Than Double Vs. Year-Earlier Period
New York, New York, Nov. 15, 2000 (Market News Publishing via COMTEX) -- MYCOM
Group, Inc. announced continued strong revenue growth in its fiscal third
quarter ended Sept. 30, 2000, with revenues more than double what they were in
the same period last year.
MYCOM Group said that its revenues for the three months ended Sept. 30, 2000
were $3.5 million, compared with $1.4 million in the same period last year.
Revenues for the nine months ended Sept. 30 increased 79 percent to $7.4 million
in 2000 from $4.1 million in 1999.
"I'm pleased to say that our strong growth continued in the third quarter,
thanks to our contract with the Ohio Lottery," MYCOM Group CEO George Young
said. "We are solidly on track to achieve our goal of $10 million in revenues
for 2000. The vibrant performance of our core businesses, however, is not yet
visible in our earnings. Throughout 2000, we have invested to retool MYCOM Group
to compete more effectively as an integrated end-to-end e-business provider, and
to construct a platform for long-term growth as a value-added provider of both
customized and packaged solutions for our clients. We are only now beginning to
realize benefits from those investments."
MYCOM Group reported a net loss of $181,457 for the third quarter ended Sept.
30, 2000. That compares with a net loss of $34,879 in the third quarter last
year, which included $46,720 in income from discontinued operations. For the
first nine months of 2000, MYCOM Group had a net loss of $265,903, which
compares with a net profit of $38,665 for the first nine months of 1999.
MYCOM Group released results for the third quarter and nine months of 1999 and
2000 in a Form 10-QSB filing with the Securities and Exchange Commission (SEC).
On Nov. 3, MYCOM Group filed an amendment to its Form 8-K of Sept. 8, 2000. That
amendment included audited statements for MYCOM Group for 1998 and 1999,
unaudited results for the first seven months of 1999 and 2000, and pro-forma
combined financial statements for 1999 and the first seven months of 2000.
MYCOM Group, formerly a private company, was merged into an inactive publicly
traded company on Aug. 23, 2000 following the spin-off of the inactive company's
business to its principal owners. MYCOM Group's financial results included in
the 10-Q include only results of the business of MYCOM Group and subsidiaries
for all periods shown.
Young added that "The management of MYCOM Group continues to pursue strategic
equity investments that in part could be used to accelerate our growth. We are
exploring a number of opportunities to achieve that objective, including our
participation as a presenter in a major venture capital conference in Cincinnati
on Nov. 14. Although we cannot guarantee that we will raise the additional
capital we seek, we remain very optimistic about our success and about the
outlook for our business."
About MYCOM Group MYCOM Group provides end-to-end marketing, e-commerce and web
solutions through a complementary mix of services for large businesses and
organizations, serving an e-business market that industry analysts project is
growing at more than 50% per year. MYCOM was formed in 1991 to provide technical
marketing and documentation services. The company evolved to meet the changing
needs of its clients by developing capabilities in applications development,
web-enabled applications, database applications, corporate portals, online
training, instructional design and other e-business solutions.
NOTE: Certain statements in this press release, including but not limited to
revenue growth and profitability projections, and MYCOM Group's efforts to
obtain additional equity investment, may constitute "forward-looking statements"
which are subject to known and unknown risks and uncertainties. Those risks and
uncertainties include, among others, economic conditions, competition for
customers and employees, the availability of additional investment on suitable
terms, and other factors that may cause the actual results to differ materially
from results implied by such forward-looking statements.
-0-
TEL: 513/352-5560 x 190 Wayne Buckhout, MYCOM Group Inc.
TEL: 513/352-5560 x 190 Wayne Buckhout, MYCOM Group Inc
E-MAIL: wbuckhout@mycom.com
______________________________________
___________________________________________________________________
(c) Market News Publishing Inc. Tel:(604) 689-1101
All rights reserved. Fax:(604) 689-1106
MarketbyFax(tm) - To get the NEWS as it happens, call (604)
689-3041.
(OTCBB:MYCO - news) today announced continued strong revenue growth in its fiscal third quarter ended Sept. 30, 2000, with revenues more than double what they were in the same period last year.
MYCOM Group said that its revenues for the three months ended Sept. 30, 2000 were $3.5 million, compared with $1.4 million in the same period last year. Revenues for the nine months ended Sept. 30 increased 79 percent to $7.4 million in 2000 from $4.1 million in 1999.
``I'm pleased to say that our strong growth continued in the third quarter, thanks to our contract with the Ohio Lottery,'' MYCOM Group CEO George Young said. ``We are solidly on track to achieve our goal of $10 million in revenues for 2000. The vibrant performance of our core businesses, however, is not yet visible in our earnings. Throughout 2000, we have invested to retool MYCOM Group to compete more effectively as an integrated end-to-end e-business provider, and to construct a platform for long-term growth as a value-added provider of both customized and packaged solutions for our clients. We are only now beginning to realize benefits from those investments.''
MYCOM Group reported a net loss of $181,457 for the third quarter ended Sept. 30, 2000. That compares with a net loss of $34,879 in the third quarter last year, which included $46,720 in income from discontinued operations. For the first nine months of 2000, MYCOM Group had a net loss of $265,903, which compares with a net profit of $38,665 for the first nine months of 1999.
MYCOM Group released results for the third quarter and nine months of 1999 and 2000 in a Form 10-QSB filing with the Securities and Exchange Commission (SEC). On Nov. 3, MYCOM Group filed an amendment to its Form 8-K of Sept. 8, 2000. That amendment included audited statements for MYCOM Group for 1998 and 1999, unaudited results for the first seven months of 1999 and 2000, and pro-forma combined financial statements for 1999 and the first seven months of 2000.
MYCOM Group, formerly a private company, was merged into an inactive publicly traded company on Aug. 23, 2000 following the spin-off of the inactive company's business to its principal owners. MYCOM Group's financial results included in the 10-Q include only results of the business of MYCOM Group and subsidiaries for all periods shown.
Young added that ``The management of MYCOM Group continues to pursue strategic equity investments that in part could be used to accelerate our growth. We are exploring a number of opportunities to achieve that objective, including our participation as a presenter in a major venture capital conference in Cincinnati on Nov. 14. Although we cannot guarantee that we will raise the additional capital we seek, we remain very optimistic about our success and about the outlook for our business.''
CINCINNATI--(BUSINESS WIRE)--Nov. 14, 2000--MYCOM Group, Inc.
CINCINNATI--(BUSINESS WIRE)--Nov. 8, 2000--MYCOM Group, Inc.
(OTCBB:MYCO) said today that it is one of six companies selected to
present its investment case to leading venture-capital firms, angel
investors and other financial intermediaries at a conference in
Cincinnati on Nov. 14, 2000.
The Greater Cincinnati Venture Association (GCVA), an associate of
the Greater Cincinnati Chamber of Commerce, selected MYCOM Group and
five other businesses from 12 that participated in a preliminary
review process. MYCOM is one of three established businesses
participating in the GCVA's E-Startup Conference and the only publicly
traded company.
MYCOM Group is an aggressive, nine-year-old e-business company
that blends communications, marketing and technology to deliver
solutions principally for large enterprises. MYCOM Group is seeking
strategic investors to support its plans to grow dramatically by
augmenting its enterprise solutions with new capabilities, new
products and expanded sales and marketing initiatives.
"MYCOM Group is pleased to have the opportunity to share our
strategy with some of our region's most sophisticated growth-oriented
and technology-focused investors," CEO George Young said. "We're a
company that already has a nine-year track record of success as a
private company in the highly competitive e-business market. Now we're
inviting new investors to join us as we launch MYCOM Group's strategy
for its next wave of growth -- transforming businesses into
'web-smart' enterprises that expect and get measurable returns from
their technology investments."
At the conference, MYCOM Group's management will present to and be
questioned by a panel that includes representatives from Cincinnati's
top three venture capital firms: Walnut Group, Blue Chip Venture Co.,
and River Cities Capital Funds. Cincinnati is reportedly the
fastest-growing venture capital market in the United States, expanding
from $44 million under management in 1992 to more than $1 billion
today.
About MYCOM Group
MYCOM Group provides end-to-end marketing, e-commerce and web
solutions through a complementary mix of services for large businesses
and organizations, serving an e-business market that industry analysts
project is growing more than 50% per year. MYCOM began by providing
technical marketing and documentation services and has evolved to meet
its clients' needs for applications development, web-enabled
applications, database applications, enterprise portals, online
training, instructional design and other e-business solutions. MYCOM
Group is on the web at www.mycom.com
--30--fkb/clv*
CONTACT: MYCOM Group, Inc.
Wayne Buckhout, 513/352-5560 ext. 190
wbuckhout@mycom.com
KEYWORD: OHIO
INDUSTRY KEYWORD: E-COMMERCE INTERNET TELECOMMUNICATIONS SOFTWARE
COMPUTERS/ELECTRONICS
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com
(BSNS WIRE) MYCOM Group Announces 52% Revenue Gain Through July
MYCOM Group Announces 52% Revenue Gain Through July
Business Editors & High-Tech Writers
CINCINNATI--(BUSINESS WIRE)--Nov. 3, 2000--MYCOM Group, Inc.
(OTCBB:MYCO) today announced revenues for the first seven months of
2000 of more than $5 million, an increase of 52% from revenues of
$3.3 million for the same period in 1999.
MYCOM Group's revenues were $5.5 million in 1998 and $5.4 million
in 1999. The company was profitable in each year on an EBITDA
(Earnings Before Interest, Taxes, Depreciation and Amortization)
basis. EBITDA was $139,690 in 1998 and $61,763 in 1999.
Net income was $66,792 in 1998, including after-tax income from
discontinued operations of $30,886. In 1999, MYCOM Group had a net
loss of $88,481, including a loss of $39,029 from discontinued
operations. Net income was $88,762 for the first seven months of 1999,
and a loss of $225,686 for the first seven months of 2000.
MYCOM Group released its financial results today in an amendment
to its Sept. 8, 2000, Form 8-K filing with the Securities and Exchange
Commission (SEC). MYCOM Group, formerly a private company, was merged
into an inactive publicly traded company on Aug. 23, 2000. The Form
8-K includes audited statements for MYCOM Group for 1998 and 1999,
unaudited results for the first seven months of 1999 and 2000, and
proforma combined financial statements for itself and the inactive
company for 1999 and the first seven months of 2000. MYCOM Group also
filed a technical amendment to its September 20, 2000, 8-K regarding a
change in auditors.
"These financial results are solid evidence of the progress we
have made in accelerating the growth of our business, but they also
reflect the impact of the Y2K moratorium on systems development work
among our major clients, and recent investments we made to expand our
capabilities," MYCOM Group Chief Executive Officer George Young said.
"Over the last several months, MYCOM Group's business has accelerated
and our profitability is improving. We are on track to deliver year
2000 revenues of approximately $10 million, nearly double our revenues
for 1999."
In September, MYCOM Group announced its Diamond Strategy, which
was developed to accelerate the company's growth through far-reaching
changes to its organization structure, work processes, culture and
reward structure. The changes are designed to drive bigger stretch
goals and plans for its realigned business units, breakthrough product
innovations and a search for acquisition and merger candidates.
About MYCOM Group
MYCOM Group provides end-to-end marketing, e-commerce and web
solutions through a complementary mix of services for large businesses
and organizations, serving an e-business market that industry analysts
project is growing at more than 50% per year. MYCOM was formed in 1991
to provide technical marketing and documentation services. The company
evolved to meet the changing needs of its clients by developing
capabilities in applications development, web-enabled applications,
database applications, corporate portals, online training,
instructional design and other e-business solutions.
NOTE: Certain statements in this press release, including but not
limited to revenue growth and profitability projections, may
constitute "forward-looking statements" which are subject to known and
unknown risks and uncertainties. Those risks and uncertainties
include, among others, economic conditions, competition, availability
of financing and employees, and other factors that may cause the
actual results to differ materially from results implied by such
forward-looking statements.
--30--ldm/clv*
CONTACT: MYCOM Group, Inc.
Wayne Buckhout, 513/352-5560 ext. 190
wbuckhout@mycom.com
KEYWORD: OHIO
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS E-COMMERCE INTERNET
SOFTWARE TELECOMMUNICATIONS EARNINGS
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com
CINCINNATI, Ohio--(BUSINESS WIRE)--Oct. 5, 2000--The second phase of a nationally recognized minority recruitment and awareness campaign produced by MYCOM Advertising for Miami University in Oxford, Ohio, debuted this week in several Midwest metro markets.
MYCOM Advertising, a subsidiary of MYCOM Group, Inc. (OTCBB:MYCO - news), said the campaign for the 2000-2001 recruiting period includes new outdoor, print, radio and cable TV advertising about the Miami experience from the point of view of minority students. The first phase of the campaign, which began last fall, focused on building awareness about Miami. Phase two emphasizes opportunities for growth, avenues for support, diverse cultural events and pride in the successful academic track record of minorities at Miami.
The regional campaign has proven effective in attracting minority students to Miami, and has garnered significant national attention. Women in Communications, a national professional association of more than 7,500 executives involved in advertising, journalism and related fields, presented its 2000 Clarion Award to Miami and MYCOM recently at the association's national convention in Austin, Texas.
Judging was based on substance, style, originality and achievement of objective. MYCOM Advertising's work was recognized for excellence in clear, concise communications across disciplines. Other national award winners included the Atlanta Journal Constitution and Dateline NBC.
MYCOM Advertising Vice President Dhana Banks said that the campaign demonstrates the effectiveness of MYCOM's collaborative approach to researching and creating messages that address the unique concerns and expectations of diverse audiences. ``MYCOM is proud to be a part of bringing the rich diversity of student life at Miami to the attention of a much wider range of potential applicants,'' Banks said. ``I'm grateful that our work has been recognized by Women in Communications, but I'm especially pleased that we have worked together to translate what Miami University represents to a much more diverse group of applicants.''
Interest in Miami among potential minority applicants has increased sharply since the campaign began. Applicants from minorities for the fall 2000 term increased 28 percent compared with the prior year.
``MYCOM has been a true partner in this very important initiative for Miami,'' according to Dr. Myrtis Powell, Vice President-Student Affairs at Miami. ``They listened to our ideas, did the research and delivered some very creative work that demonstrated their hard work and responsiveness. They deserve to share in all of the recognition that the `I am Miami' campaign has received.''
Miami selected MYCOM Advertising to manage the campaign in 1998. The first year of what is now a two-year, $500,000 project included extensive research and collaboration among minority students, Miami officials and MYCOM Advertising consultants. Campaign themes and messages are drawn directly from the responses of those students and their achievements at Miami. Targeted markets include Cincinnati, Dayton, Columbus and Cleveland in Ohio, plus Indianapolis, Indiana.
(BSNS WIRE) MYCOM Helping Mid-Sized Companies Move From `Web Art' to 'Web-S
MYCOM Helping Mid-Sized Companies Move From `Web Art' to 'Web-Smart'
Business Editors
CINCINNATI--(BUSINESS WIRE)--Sept. 25, 2000--MYCOM Group, Inc.
(OTCBB:MYCO)
If your business just has a website, that's "web art."
But when your website includes built-in applications that let
customers, suppliers and employees work together more effectively,
that's "web-smart."
MYCOM Group, Inc. is helping many small- and medium-sized
companies get web-smart with Internet applications that make them more
accessible to their customers and suppliers, and make their employees
more productive.
MYCOM Group CEO George Young said that over the last several
years, MYCOM has created more than 100 websites for both large and
small companies, and has assembled a top-flight team of applications
developers and communicators to add functionality and value to those
sites.
Young said that web-based applications can be designed to protect
company and client information, yet make it accessible 24-7 to those
who need it around the world. And unlike other technology companies
that can only build those applications, MYCOM Group provides complete
end-to-end training, support and promotion of the website's expanded
offerings.
"We know that many businesses haven't moved applications onto the
web because they think they won't be able to manage them, and
customers won't know how to use them," Young said. "MYCOM overcomes
that obstacle with complete solutions that start with technology, but
then add training, online help and extensive promotion of the new
applications to target audiences."
Young noted that Business Week and other national business
publications recently have spotlighted a major shift toward Web
applications among brick-and-mortar companies that need to produce and
sell their products and services faster and cheaper.
"We have already created over 100 e-Business applications for
major corporations using this approach," Young said. "Now we're
working to package this capability and provide pieces of it as
packaged solutions to smaller businesses."
One example of that trend is Comer Packaging, which provides
supply-chain support for major organizations. Mycom provided Comer
with a website (www.comerpkg.com) that included built-in links to
Comer's inventory control database. Mike Washington, President of
Comer Packaging, said the new applications give Comer access to global
markets, a tool to communicate changes quickly, and online access to
inventory data for Comer's customers.
"This capability has improved our internal efficiencies, customer
service processing and reduced our labor costs," Washington said.
"These integrated solutions have provided a competitive advantage for
our organization and directly generated more sales opportunities."
Another example is Goettsch International of Cincinnati, which
markets machinery parts and tools for the corrugated industry
worldwide.
To support Goettsch's key clients in Puerto Rico and South
America, MYCOM crafted a Web-based application intertwined with
database technology to effectively track, catalog and market parts in
three languages versus building and maintaining separate sites in each
language. A rotating banner on the website (www.goettsch.com) also
features Goettsch's service representatives, helping put a "face" on
the company to its faraway customer contacts.
Young said that MYCOM's emphasis on these opportunities is
accelerating with the creation of its Product Development Group, and
more focused management attention under MYCOM's new four-prong Diamond
Strategy for growth.
"One of our major growth initiatives is to package and roll out
some of these applications to a wider range of clients," Young said.
"We believe that this "web-smart" trend is just beginning, and
represents a major opportunity for MYCOM."
MYCOM Group
MYCOM Group provides end-to-end marketing, e-commerce and web
solutions through a complementary mix of services for large businesses
and organizations, serving an e-business market that industry analysts
project is growing at more than 50% per year. MYCOM was formed in 1991
to provide technical marketing and documentation services. The company
evolved to meet the changing needs of its clients by developing
capabilities in applications development, web-enabled applications,
database applications, corporate portals, online training,
instructional design and other e-business solutions. MYCOM is on the
web at www.mycom.com
--30--mjb/clv*
CONTACT: MYCOM Group, Inc.
Wayne Buckhout 513/352-5560 ext. 190
wbuckhout@mycom.com
KEYWORD: OHIO
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS E-COMMERCE INTERNET
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com
Week ending September 22. MYCOM Group Selects Schumacher & Associates Inc. as Auditors. MYCO closed at 1 1/8 this week.
(BSNS WIRE) MYCOM Group Selects Schumacher & Associates Inc. as Auditors
MYCOM Group Selects Schumacher & Associates Inc. as Auditors
Business Editors
CINCINNATI--(BUSINESS WIRE)--Sept. 20, 2000--MYCOM Group, Inc.
(OTCBB:MYCO) today announced that it has selected Schumacher &
Associates Inc. of Denver, Colo., as independent auditors.
Schumacher & Associates Inc. is a member of the Securities and
Exchange Commission (SEC) Practice Division of the American Institute
of Certified Public Accountants. The firm has twice been named one of
the 50 most distinguished accounting firms in the United States by the
editors of CPA Digest.
Schumacher & Associates' clients include more than 20 public
companies.
Schumacher & Associates will audit MYCOM Group's financial results
and will advise the company on its financial controls.
About MYCOM Group
MYCOM Group provides end-to-end marketing, e-commerce and web
solutions through a complementary mix of services for large businesses
and organizations, serving an e-business market that industry analysts
project is growing at more than 50% per year. MYCOM was formed in 1991
to provide technical marketing and documentation services. The company
evolved to meet the changing needs of its clients by developing
capabilities in applications development, web-enabled applications,
database applications, corporate portals, online training,
instructional design and other e-business solutions. MYCOM is on the
web at www.mycom.com
--30--djl/clv*
CONTACT: MYCOM Group, Inc.
Wayne Buckhout, 513/352-5560 ext. 190
wbuckhout@mycom.com
KEYWORD: OHIO
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS INTERNET E-COMMERCE
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com
Today the market was rather slow and down, but MYCO was on the rise. Sure is good to see some positive movement on the board.
MYCO News 9-14-2000
(COMTEX) B: MYCOM Leverages Breadth to Accelerate Growth
B: MYCOM Leverages Breadth to Accelerate Growth
CINCINNATI, Sep 14, 2000 (BUSINESS WIRE) -- MYCOM Group, Inc. (OTCBB:MYCO)
today announced plans for far-reaching changes to its organization structure,
work processes, culture and reward structure to accelerate the company's growth.
The changes are designed to drive bigger stretch goals and plans for its
realigned business units, breakthrough product innovations and a search for
acquisition and merger candidates.
MYCOM Group CEO George Young said the key to faster growth is leveraging the
company's breadth of products and services. "We intend to generate growth that
benefits our shareholders by increasing our capability to create and build
large, profitable business units," he said.
Young said that the initiative, called the Diamond Strategy, has four key
elements, which connect all facets of MYCOM's business:
-- Organizational Development - MYCOM will operate in several
business units, leveraging its breadth and management depth by
centering market strategy and profit responsibility on the
leaders of each group.
-- Market Development - MYCOM intends to establish Market
Development Organization (MDO) regions throughout North
America to maximize the growth potential of the company's
entire portfolio in key markets.
-- Product Development - the newly created Product Development
Group is looking at more than 100 e-business applications
created by MYCOM to determine which can be re-packaged and
sold to vertical markets.
-- Strategic Development - MYCOM is already exploring
relationships with companies whose technologies and products
could add important dimensions to its business.
"Young highlighted the new business units - including e-commerce consulting,
interactive marketing, instructional design and training, and product
development - as examples of how MYCOM makes connections across businesses to
create real advantages. MYCOM's growing and successful Advertising business, now
operating as a subsidiary of MYCOM Group, would get increased investment and
support under the leadership of MYCOM President Joan Carroll.
"We're evolving from supplier to business partner to our clients, which is an
advantage that comes from breadth that is focused on growth," Young added.
"We've been headed in the direction of operating as business units for many
years, and the changes we're making will now enable us to fulfill this goal."
Young concluded, "We're looking to the future - not just imagining what's next,
but creating it. That's what drives my confidence in the accelerated growth of
MYCOM."
About MYCOM Group
MYCOM Group provides end-to-end marketing, e-commerce and web solutions through
a complementary mix of services for large businesses and organizations, serving
an e-business market that industry analysts project is growing at more than 50%
per year. MYCOM was formed in 1991 to provide technical marketing and
documentation services. The company evolved to meet the changing needs of its
clients by developing capabilities in applications development, web-enabled
applications, database applications, corporate portals, online training,
instructional design and other e-business solutions. MYCOM is on the web at
www.mycom.com
NOTE: Certain statements in this press release, including but not limited to
growth projections, may constitute "forward-looking statements" which are
subject to known and unknown risks and uncertainties. Those risks and
uncertainties include, among others, economic conditions, competition,
availability of financing and other factors that may cause the actual results to
differ materially from results implied by such forward-looking statements.
CONTACT: MYCOM Group, Inc.
Wayne Buckhout, 513/352-5560 ext. 190
wbuckhout@mycom.com
URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
Copyright (C) 2000 Business Wire. All rights reserved.
-0-
KEYWORD: OHIO
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
INTERNET
E-COMMERCE
Mycom is on the rise today. We could see news tomorrow and maybe contract announcements. Let's hope it comes, they can be slow with their releases. The upside is that this stock has a great roster of clients and should be looking to move to the Nasdq sometime in the future.
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