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Hey FG, do you have any thoughts on usxp? There has been some interesting pr lately....
http://finance.yahoo.com/q?s=usxp.ob&d=v1
Universal Express Expects to Collect $389 Million up over 300%
http://biz.yahoo.com/bw/010730/2338.html
Monday July 30, 9:47 am Eastern Time
Press Release
Universal Express Expects to Collect on Record $389 Million Jury Award
NEW YORK--(BUSINESS WIRE)--July 30, 2001--Universal Express, Inc.'s (OTC:USXP - news) General Counsel, Chris Gunderson, in response to numerous inquiries, clarified yesterday's press release on the award of a record $389 Million Dollar damage judgment in favor of the Company against Select Capital, Ronald G. Williams and Walter S. Kolker rendered after trial before a jury in the Circuit Court, Dade County, Florida on Wednesday, to the effect that the Company expects to collect a substantial part of the judgment within a relatively short period of time.
``Our trial counsel, Arthur W. Tifford, of Miami, has a great deal of experience against these defendants and has collected monies against them in other cases. Mr. Tifford expects to recover on behalf of the Company a substantial part of the judgment with a relatively short period of time, stated Mr. Gunderson.
``The jury, after hearing testimony during the day, deliberated for an hour or so and brought in the record verdict based on the extensive frauds of the defendants toward the Company. They were instructed by a very experienced judge, Circuit Judge Eleonor Schockett, they asked questions of the witnesses under a new procedure in Florida, and the judgment upon the verdict of $389 million dollars was entered by Judge Schockett'', stated Mr. Gunderson. This judgment, which includes $275 million dollars in punitive damages, is final and cannot be appealed. Also, the judgment is grounded in fraud and is not subject to discharge in bankruptcy``, Mr. Gunderson further stated.
``We are very grateful to the jury and the Court and will forcefully pursue collection steps through our attorneys by all means available, both here and abroad, to justify the jury's confidence in the Company'', stated Richard A. Altomare, President and CEO of USXP. ``Should there be any sums not collected, they appear to be able to be carried over as a tax loss for the Company or any acquiring company. This is an additional benefit not yet fully addressed and still being studied by our professionals and advisors'', continued Mr. Altomare.
Universal (USXP) operates several other subsidiaries in logistics (Luggage Express(TM)) and International shipping (WorldPost). Its association of private postal stores (PBC) provides various support services and numerous other programs to its members.
Visit Universal Express and its subsidiaries on the web at http://www.usxp.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
Universal Express, Inc.
Chris Gunderson, 917/639-4154
Worth a look...
This was taken from another board..
http://www.stopmmmanipulation.com/subcommittee.htm
FG, what do you think the current short position is on iftp, I have heard it could be 500 million shares?? Assuming the amex deal goes through, how high could you see us going, since all short positions have to be covered (assuming the short position is equal to the entire o/s)?
PROOF OF INFOTOPIA (IFTP) ILLEGAL ACTIVITY.......
IMPORTANT MUST READ this was sent to me by someone a few days ago...i just got around to looking at it...for those of you who have any doubts about bashers being paid you must read this I sent these and others that I found to enforcement@sec.gov, COMPLAINTS.DETROIT@FBI.GOV ...the FBI and the SEC I also sent some to Knight securities and IFTP
---------------------------------------------------
By: Rato_Gordura
Reply To: 413139 by CRAZYbroad$$$$ Friday, 18 May 2001 at 2:04 PM EDT
Post # of 413222
NP, CB. We have it set up with NITE to crash it in the last 1/2 hour of
trading.
http://ragingbull.lycos.com/mboard/boards.cgi?board=IFTP&read=413148
--------------------------------------------------------
By: Rato_Gordura
Reply To: None Friday, 18 May 2001 at 10:39 AM EDT
Post # of 412929
OT: Steve-did you get the email from FAKE. There's a bonus if we set another 52 week low and close below three!!
http://ragingbull.lycos.com/mboard/boards.cgi?board=IFTP&read=412929
------------------------------------------------------
By: DC-Steve
Reply To: 412804 by Rato_Gordura Friday, 18 May 2001 at 10:42 AM EDT
Post # of 412933
I'm on it, Rato. I'm even calling in some markers with ERNS & NITE to make sure they help us make it happen! They owe me big time after all the help I gave them in destroying BIFT so that Sprint might survive.
http://ragingbull.lycos.com/mboard/boards.cgi?board=IFTP&read=412933
-------------------------------------------------------
Good ole incriminating RS Florida
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=231023
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=231154
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=236451
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=236329
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=236394
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=257504
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=268792
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=285230
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=287828
And good ole DC.
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=100389
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=221670
GUTTWRENCH-Main poster on Bift. Been on IFTP. Notice attitude change as time
goes by.
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=100074
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=221667
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=262031
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=277240
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=297844
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=297844
Firebird_1965 on BIFT works with DC, RSflorida.
http://ragingbull.lycos.com/mboard/boards.cgi?board=PFSD&read=1637
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=287828
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=287831
Remembeer this Firebird article?
http://ragingbull.lycos.com/mboard/boards.cgi?board=PFSD&read=1637
Now read these. Especially 2nd.
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=287828
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=287831
Good ole incriminating RS Florida
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=231023
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=231154
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=236451
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=236329
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=236394
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=257504
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=268792
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=285230
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=287828
And good ole DC.
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=100389
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=221670
GUTTWRENCH-Main poster on Bift. Been on IFTP. Notice attitude change as time
goes by.
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=100074
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=221667
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=262031
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=277240
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=297844
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=297844
Firebird_1965 on BIFT works with DC, RSflorida.
http://ragingbull.lycos.com/mboard/boards.cgi?board=PFSD&read=1637
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=287828
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=287831
Remembeer this Firebird article?
http://ragingbull.lycos.com/mboard/boards.cgi?board=PFSD&read=1637
Now read these. Especially 2nd.
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=287828
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=287831
imo
Infotopia Announces Relocation of Its Corporate Offices
Thursday June 14, 6:02 pm Eastern Time
Press Release
Infotopia Announces Relocation of Its Corporate Offices to Canfield, Ohio
Infotopia Expends Staff and Personnel
Hires New Vice President of Corporate Finance
BOSTON--(BUSINESS WIRE)--July 14, 2001--Infotopia, Inc. (OTC BB: IFTP) (``Infotopia'' or the ``Company''), announced today that it is relocating corporate offices from Raynham, Massachusetts to Canfield, Ohio. The new offices will be fully operational during the first week of July. This new corporate move will benefit the Company, as the lease cost is substantially lower than on East and West Coast metropolitan areas. New central location will also minimize travel time and expense for Company's employees involved in overseeing Pacific operations. The company will maintain its East Coast presence through working with its New York based attorneys, accountants and public relations firms.
The Company has also announced that it has employed Mr. Ronald Fricke as its Vice President of Corporate Finance. Mr. Fricke will be involved in financial matters of the Company, specifically working with banking institutions on securing various, traditional types of funding, such as lines of credits. His previous experience of working with public entities will also benefit Infotopia in preparing financial forecasts and SEC filings. Mr. Fricke served as the Vice President and Financial Manager for Corporate Banking for PNC Financial Service Corporation, in Pittsburgh, PA and prior to that the Audit Manager for KPMG Peat Marwick, where he gathered extensive skills in preparing public corporations' 10Q's and K's. In addition Mr. Fricke is a Certified Public Accountant and is a graduate from Duquennes University.
Alan Ricks, Vice President of Operations, stated, `` This corporate move is a part of a strategic and carefully planned process of establishing a solid infrastructure that Infotopia requires in order to sustain the fast paced growth it is experiencing. After evaluation of other areas of the country we concluded that the relatively low operational cost of midwestern location along with the lower labor expense would enable us to keep our corporate overhead low. The location will keep us in close proximity to the New York Financial Markets.''
Daniel Hoyng, stated, ``Mr. Fricke's experience will help us to establish traditional lines of institutional credit and corporate financing thus allowing us to significantly reduce our dependence on equity funding. His audit background will further strengthen our accounting department. Infotopia is please to attract an individual with Mr. Fricke's experience and qualifications.''
ABOUT INFOTOPIA
The Company's mission is to produce, market, and distribute an expanding line of high-quality, innovative health, fitness and consumer products. Infotopia seeks out products that deliver superior value, outstanding quality, and competitive prices to best satisfy customer demand. The Company markets its products to consumers through a variety marketing channels, including infomercials, distributor alliances, and Internet e-commerce. The management at Infotopia is committed to increasing corporate revenues and profits. The company's website is located at http://www.infotopia.tv.
This news release includes ``forward-looking statements'' that include risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the Company's ability to produce and market products and/or services and other risks detailed from time to time in their Company's reports filed with the Securities Exchange Commission.
--------------------------------------------------------------------------------
Contact:
OTC Relations
Robert Tilton, 609-888-4111
IFTPIR@infotopia.tv
Infotopia Responds to Volume/Price Issues
Thursday June 14, 9:20 am Eastern Time
Press Release
Infotopia Responds to Volume/Price Issues
Infotopia Poised to File Lawsuit Against 'Bashers'
BOSTON--(BUSINESS WIRE)--June 14, 2001--Infotopia, Inc. (OTC BB: IFTP - news; ``Infotopia'' or the ``Company''), today announced that it will file the lawsuit within next week against the internet ``bashers'' who have been providing false information through Internet Message Boards. The Company feels that this misleading information has had a direct effect on the share price of Infotopia's common stock.
Daniel Hoyng, Chairman and CEO of Infotopia stated, `` The amount of calls and emails coming into our corporate offices by concerned shareholders over recent volatility of Infotopia's common stock and questions about the Company's stability has left the Company with little alternative but to defend its good name. We have received many calls concerning the share price and market valuation of Infotopia. Let me say this with absolute certainty, Infotopia is not now, nor has it ever been, in danger of failing. We, as a company, are more financially viable than we have ever been, our negotiations with EntrePort have been progressing nicely, and our products and infomercials are exceeding our expectations. A number of the issues that have been raised by these shareholders' emails and phone calls stem from the ''basher`` elements on the various Internet message boards. The fact is, as a company, we've never been better or stronger. Many shareholders fail to realize that this share pricing is a direct result of supply and demand, when shares are sold or shorted, which, we feel has historically been practiced, that effectively increases supply, if demand does not increase as well, price falls. The stock price falls, that's all, and it does not affect the profits and losses of the Company. Inherently, as a bulletin board company, we are at the mercy of the trading prices set by market makers. These market makers at times want a low stock price and at other times a high stock price, these ''swings`` help create volume and thus ''profits`` for these market makers. It's funny to me that as a profitable, fully reporting, public company, we have a market valuation that is less than the revenue derived from operations over a period of less than a month. That is a big factor in our decision to make the move to the AMEX market. We feel that we will be given a much more fair valuation, and have the opportunity to draw from the institutional support that will be made available to the Company.''
Ernie Zavoral, President of Infotopia stated, ``If you take the time to read over the past several press releases from the Company, you'll see that we continue to increase our revenues and profits, and we have three infomercials ranked in the top TEN in the entire country! That's an objective rarely accomplished in the Direct Response Industry. Our negotiations with EntrePort in securing a value more favorable to our shareholders are progressing well, and the flow of exciting new products and shows are exploding. It is imperative our shareholders, vendors, employees understand that Infotopia, is financially sound and poised to continue to grow and prosper well into the future.''
ABOUT INFOTOPIA
The Company's mission is to produce, market, and distribute an expanding line of high-quality, innovative health, fitness and consumer products. Infotopia seeks out products that deliver superior value, outstanding quality, and competitive prices to best satisfy customer demand. The Company markets its products to consumers through a variety marketing channels, including infomercials, distributor alliances, and Internet e-commerce. The management at Infotopia is committed to increasing corporate revenues and profits. The company's website is located at http://www.infotopia.tv.
This news release includes ``forward-looking statements'' that include risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the Company's ability to produce and market products and/or services and other risks detailed from time to time in their Company's reports filed with the Securities Exchange Commission.
--------------------------------------------------------------------------------
Contact:
Infotopia, Inc.
Robert Tilton
609-888-4111
IFTPIR@infotopia.tv
PROOF OF INFOTOPIA (IFTP) ILLEGAL ACTIVITY.......
IMPORTANT MUST READ this was sent to me by someone a few days ago...i just got around to looking at it...for those of you who have any doubts about bashers being paid you must read this I sent these and others that I found to enforcement@sec.gov, COMPLAINTS.DETROIT@FBI.GOV ...the FBI and the SEC I also sent some to Knight securities and IFTP
---------------------------------------------------
By: Rato_Gordura
Reply To: 413139 by CRAZYbroad$$$$ Friday, 18 May 2001 at 2:04 PM EDT
Post # of 413222
NP, CB. We have it set up with NITE to crash it in the last 1/2 hour of
trading.
http://ragingbull.lycos.com/mboard/boards.cgi?board=IFTP&read=413148
--------------------------------------------------------
By: Rato_Gordura
Reply To: None Friday, 18 May 2001 at 10:39 AM EDT
Post # of 412929
OT: Steve-did you get the email from FAKE. There's a bonus if we set another 52 week low and close below three!!
http://ragingbull.lycos.com/mboard/boards.cgi?board=IFTP&read=412929
------------------------------------------------------
By: DC-Steve
Reply To: 412804 by Rato_Gordura Friday, 18 May 2001 at 10:42 AM EDT
Post # of 412933
I'm on it, Rato. I'm even calling in some markers with ERNS & NITE to make sure they help us make it happen! They owe me big time after all the help I gave them in destroying BIFT so that Sprint might survive.
http://ragingbull.lycos.com/mboard/boards.cgi?board=IFTP&read=412933
-------------------------------------------------------
Good ole incriminating RS Florida
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=231023
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=231154
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=236451
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=236329
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=236394
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=257504
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=268792
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=285230
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=287828
And good ole DC.
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=100389
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=221670
GUTTWRENCH-Main poster on Bift. Been on IFTP. Notice attitude change as time
goes by.
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=100074
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=221667
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=262031
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=277240
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=297844
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=297844
Firebird_1965 on BIFT works with DC, RSflorida.
http://ragingbull.lycos.com/mboard/boards.cgi?board=PFSD&read=1637
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=287828
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=287831
Remembeer this Firebird article?
http://ragingbull.lycos.com/mboard/boards.cgi?board=PFSD&read=1637
Now read these. Especially 2nd.
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=287828
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=287831
Good ole incriminating RS Florida
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=231023
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=231154
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=236451
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=236329
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=236394
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=257504
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=268792
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=285230
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=287828
And good ole DC.
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=100389
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=221670
GUTTWRENCH-Main poster on Bift. Been on IFTP. Notice attitude change as time
goes by.
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=100074
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=221667
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=262031
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=277240
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=297844
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=297844
Firebird_1965 on BIFT works with DC, RSflorida.
http://ragingbull.lycos.com/mboard/boards.cgi?board=PFSD&read=1637
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=287828
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=287831
Remembeer this Firebird article?
http://ragingbull.lycos.com/mboard/boards.cgi?board=PFSD&read=1637
Now read these. Especially 2nd.
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=287828
http://ragingbull.lycos.com/mboard/boards.cgi?board=BIFT&read=287831
imo
By: ChrisDallas_CDT $$$$
Reply To: None Thursday, 14 Jun 2001 at 10:23 PM EDT
Post # of 452895
Ok guys FWIW I called & talked to the IR firm at ENP &....
The person in charge was out of the office..this was about 5pm earlier today but I did pick the secretary's brain a little & asked her for some info if she would because I was an ENP concerned shareholder & this is what was said..
I asked if I could get an answer to the supposed merger that may take place between ENP & IFTP & she said..the person in charge is out of the office but I can have him call you back if you'd like..I said..can you just tell me if the merger is getting close to reality because from what I hear ENP will get delisted soon...she said...Oh don't worry about that YES the deal is SIGNED & there will be a PR TOMORROW.
Now that is to be seen but wouldn't that be something? Man oh man that sure would! One great PR after another! But this time with an INPACT! WOOOOOOOOOOHOOOOOOOOOO!!
Sorry, just getting a little excited there...
Also note that Bob Tilton did NOT return my call like he said & I did call back & got his voice mail but oh well..we did get a PR after I spoke to him therefore he figured he hadn't much more to tell me, it was all in that PR yesterday.
Long & Strong guys!
By: ChrisDallas_CDT $$$$
Reply To: None Thursday, 14 Jun 2001 at 10:23 PM EDT
Post # of 452895
Ok guys FWIW I called & talked to the IR firm at ENP &....
The person in charge was out of the office..this was about 5pm earlier today but I did pick the secretary's brain a little & asked her for some info if she would because I was an ENP concerned shareholder & this is what was said..
I asked if I could get an answer to the supposed merger that may take place between ENP & IFTP & she said..the person in charge is out of the office but I can have him call you back if you'd like..I said..can you just tell me if the merger is getting close to reality because from what I hear ENP will get delisted soon...she said...Oh don't worry about that YES the deal is SIGNED & there will be a PR TOMORROW.
Now that is to be seen but wouldn't that be something? Man oh man that sure would! One great PR after another! But this time with an INPACT! WOOOOOOOOOOHOOOOOOOOOO!!
Sorry, just getting a little excited there...
Also note that Bob Tilton did NOT return my call like he said & I did call back & got his voice mail but oh well..we did get a PR after I spoke to him therefore he figured he hadn't much more to tell me, it was all in that PR yesterday.
Long & Strong guys!
Infotopia Announces Bi-Weekly Gross Revenue.....
Thursday June 7, 9:25 am Eastern Time
Press Release
Infotopia Announces Bi-Weekly Gross Revenue, Led By Its Entries in the Fitness and Diet Categories, Exceeds $6 Million
BOSTON--(BUSINESS WIRE)--June 7, 2001--Infotopia, Inc. (OTC BB: IFTP) (``Infotopia'' or the ``Company''), announced today that for the two-week period ending June 3, 2001, unaudited gross revenue was $6,100,000 with estimated net profit of $540,000.
The Company previously announced gross revenue for this quarter through May 20, 2001 of $21,328,354 and approximate $1,600,000 in profit. This represents a steady increase in both gross revenue and net margin that has grown since the Company announced first quarter gross revenue of $23,900,000 and a net income of $1,600,000. The increase in gross revenue is attributable to the continued ``roll out'' of several of Infotopia's licensed products including the Total Tiger. The Total Tiger is the second entry in Infotopia's line of exercise equipment under the Tiger Fitness brand.
In Direct Response parlance a product ``rolls out'' as the infomercial is shown on a large number of television stations and the product is marketed through other means such as magazines, catalogues, direct mail, e-mail, etc. A fully rolled out show could spend over $30 Million dollars in media before it launches into retail. So far this year, Infotopia has successfully rolled out the Body By Jake Bun and Thigh Rocker, (under license from Lohan Media), the Total Tiger, and the 6 Week Body Makeover (under license from Provida Life Sciences). Infotopia also has limited roll-outs with its more targeted licenses, the Medicus Dual 2000, and the Hot Mommies System.
President Ernest Zavoral said, ``The exciting thing about direct response is that everything that you do, right or wrong, reflects immediately in the numbers. Hard to measure concepts to traditional marketers like, brand awareness, customer loyalty, market penetration, consumer appeal, strategic marketing, etc. are tangible numbers to us. It is all about the numbers and so far this year, Infotopia's numbers are very, very good.''
ABOUT INFOTOPIA
The Company's mission is to produce, market, and distribute an expanding line of high-quality, innovative health, fitness and consumer products. Infotopia seeks out products that deliver superior value, outstanding quality, and competitive prices to best satisfy customer demand. The Company markets its products to consumers through a variety marketing channels, including infomercials, distributor alliances, and Internet e-commerce. The management at Infotopia is committed to increasing corporate revenues and profits. The company's website is located at http://www.infotopia.tv.
This news release includes ``forward-looking statements'' that include risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the Company's ability to produce and market products and/or services and other risks detailed from time to time in their Company's reports filed with the Securities Exchange Commission.
--------------------------------------------------------------------------------
Contact:
Infotopia, Inc.
Robert Tilton, 609/888-4111
IFTPIR@infotopia.tv
Infotopia Announces Bi-Weekly Gross Revenue.....
Thursday June 7, 9:25 am Eastern Time
Press Release
Infotopia Announces Bi-Weekly Gross Revenue, Led By Its Entries in the Fitness and Diet Categories, Exceeds $6 Million
BOSTON--(BUSINESS WIRE)--June 7, 2001--Infotopia, Inc. (OTC BB: IFTP) (``Infotopia'' or the ``Company''), announced today that for the two-week period ending June 3, 2001, unaudited gross revenue was $6,100,000 with estimated net profit of $540,000.
The Company previously announced gross revenue for this quarter through May 20, 2001 of $21,328,354 and approximate $1,600,000 in profit. This represents a steady increase in both gross revenue and net margin that has grown since the Company announced first quarter gross revenue of $23,900,000 and a net income of $1,600,000. The increase in gross revenue is attributable to the continued ``roll out'' of several of Infotopia's licensed products including the Total Tiger. The Total Tiger is the second entry in Infotopia's line of exercise equipment under the Tiger Fitness brand.
In Direct Response parlance a product ``rolls out'' as the infomercial is shown on a large number of television stations and the product is marketed through other means such as magazines, catalogues, direct mail, e-mail, etc. A fully rolled out show could spend over $30 Million dollars in media before it launches into retail. So far this year, Infotopia has successfully rolled out the Body By Jake Bun and Thigh Rocker, (under license from Lohan Media), the Total Tiger, and the 6 Week Body Makeover (under license from Provida Life Sciences). Infotopia also has limited roll-outs with its more targeted licenses, the Medicus Dual 2000, and the Hot Mommies System.
President Ernest Zavoral said, ``The exciting thing about direct response is that everything that you do, right or wrong, reflects immediately in the numbers. Hard to measure concepts to traditional marketers like, brand awareness, customer loyalty, market penetration, consumer appeal, strategic marketing, etc. are tangible numbers to us. It is all about the numbers and so far this year, Infotopia's numbers are very, very good.''
ABOUT INFOTOPIA
The Company's mission is to produce, market, and distribute an expanding line of high-quality, innovative health, fitness and consumer products. Infotopia seeks out products that deliver superior value, outstanding quality, and competitive prices to best satisfy customer demand. The Company markets its products to consumers through a variety marketing channels, including infomercials, distributor alliances, and Internet e-commerce. The management at Infotopia is committed to increasing corporate revenues and profits. The company's website is located at http://www.infotopia.tv.
This news release includes ``forward-looking statements'' that include risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the Company's ability to produce and market products and/or services and other risks detailed from time to time in their Company's reports filed with the Securities Exchange Commission.
--------------------------------------------------------------------------------
Contact:
Infotopia, Inc.
Robert Tilton, 609/888-4111
IFTPIR@infotopia.tv
definitive agreement for the sale of Infotopia Ohio
May 30, 2001
Dear Shareholders,
I am proud to announce that a definitive agreement for the sale of Infotopia Ohio (the operating entity which contains all the revenue and expenses of the Company) to EntrePort (AMEX: ENP) will be completed today. The deal has been modified and is now a much better deal for the shareholders of Infotopia (OTCBB: IFTP). The $2,000,000.00 in cash that was originally included has been reduced to $500,000.00 and the shares that ENP shareholders will now keep has been increased from 680,000 shares to one million shares. In order to reduce EntrePort shareholders to one million shares, EntrePort will undertake a 19:1 reverse split, prior to the completion of the acquisition of Infotopia Ohio. Infotopia Nevada will receive 13,100,000 units, consisting of one common share of common stock and ½ warrant at $5.00 per share and a 1/4 warrant at $12.00 per share. The total issued and outstanding in ENP will be approximately 15,400,000 shares. Infotopia Nevada will hold 85.1% ownership in the new share structure in ENP after the acquisition of Infotopia Ohio is completed.
Infotopia Nevada (IFTP) will continue to trade on the OTCBB until such time as a liquidating distribution is made to its shareholders of the ENP units. A liquidating distribution cannot take place until the units have been registered and the common shares in the units are free trading. ENP will agree to file a registration statement on those units within sixty days of the completion of the acquisition of Infotopia, Ohio. Infotopia Nevada will change its name to I Holdings and change its symbol to IHLD also upon the completion of the sales of Infotopia, Ohio. This will help alleviate any confusion between the new ENP, with Infotopia Ohio and Infotopia Nevada (IFTP). Until a liquidating distribution is completed, as a result of its 85% holdings IHLD will continue to report 100% of the revenue and 85% of the profit of the new ENP, which would then include Infotopia, Ohio.
Infotopia Ohio will immediately change its name to ModernBrands, Inc. and when the EntrePort transaction is completed, will apply for the symbol MDB to trade on the American Stock exchange. As a result of the definitive agreement between ENP and Infotopia. Infotopia Ohio plans to complete a series of strategic partnerships and acquisitions that will further establish the new ModernBrands, Inc. as one of the fastest growing, innovative, Brand Building Companies in the United States.
How does the sale of Infotopia Ohio to ENP increase shareholder value?
The increase in shareholder value will come from a variety of sources:
1. . The primary value will be that financial institutions and analysts will now be able to provide independent evaluations of our Company’s progress. The Company’s growth can be properly evaluated and our success should make us an attractive candidate to many institutions.
2. American Stock exchange shares are now marginable. This should provide additional liquidity to our shareholders and help to keep long-term believers in Infotopia from selling stock when they need liquidity.
3. The ability to track short positions will be of significant value to the shareholders and Company; we will be able to more closely monitor the movement of our stock and work quickly to help identify problems areas and work closely to resolve problem areas.
When will the EntrePort transaction be finalized?
Proxy statements are being prepared at this time and should be submitted to the SEC next week. It is anticipated this process is to be completed by approximately July 15, 2001. At this time the symbol of ENP is anticipated to become MDB.
What firm will be our specialist for the American Stock Exchange?
Our specialist will be Bear Hunter Specialists, LLC, who will utilize AEGIS Specialist, LLC. This strategic relationship is a key component to our Company’s future success in capital support. Bear Hunter is jointly owned by Bear Stearns & company, Inc. and Hunter Partners, LLC and is the second largest specialist firm on the floor of the American Stock Exchange. Bear Hunter represents the financial resources of one of Wall Street’s leading investment banks, Bear Stearns & Company, Inc., combined with market knowledge, advanced technology and trading expertise of Hunters Partners LLC. AEGIS specialist LLC has a significant presence in equities trading on the AMEX Floor for the past twenty-five years.
Will the dilution stop when Infotopia begins trading on the AMEX?
Dilution has been necessary to fund the growth and launch of the successful products that have now brought us to this point. However, we reach positive cash flow in June and our confident that the type of dilution that has occurred in the past is over. MDB outstanding shares should remain fairly constant.
What made ENP so attractive as opposed to a company with real revenues and an already operating business that could have complimented Infotopia?
Significant dilution would have occurred for our shareholders, we minimized additional dilution, and maintained control of our Company and achieved our objective of reaching a national market.
Will the Officer Contracts be changed?
All the officer’s contracts have been changed eliminating all the provision as was published in regards to stock. Daniel Hoyng, Ernest Zavoral and Marek Lozowicki have also removed the percentage options that allowed them to acquire additional shares when the issued shares were increased. An employee stock option program that will grant employees options at market will replace all current stock items in employment contracts. These changes were made to make the Company attractive to institutional investors.
Will the Board of Directors be changed?
The Board of Directors of the new ENP will consist of Daniel Hoyng, Ernest Zavoral and three outside directors.
Sincerely,
Daniel Hoyng
Chairman & CEO
Janice, thanks for the quick response, lmao...eom
Infotopia, Inc. Announces Strong First Quarter Financial Results
Tuesday May 8, 3:04 pm Eastern Time
Press Release
Infotopia, Inc. Announces Strong First Quarter Financial Results
Reports Revenues of $23.9 Million and Net Income of $1.6 Million
BOSTON--(BUSINESS WIRE)--May 8, 2001--INFOTOPIA, INC. (OTC BB:IFTP - news) today announced updated revenues and earnings for its first quarter ended March 31, 2001.
After review and adjustments by the auditors, revenues for the three months ended March 31, 2001 were $23,923,000 compared to $0 for the same year ago period. Net income for the first quarter ended March 31, 2001 was $1,562,000, or $0.01 per basic and diluted share, compared to a net loss of $1,028,000 or $(0.25) per basic and diluted share. Infotopia did not conduct operations during the first quarter ended March 31, 2000.
The company noted that the majority of its revenues for the first quarter of 2001 were derived from strong sales of its fitness products including the Body By Jake, Bun & Thigh Rocker, Torso Tiger, Medicus Dual 2000 and Total Tiger. In addition, sales of Hot Mommies and Backstroke Back Massager also contributed to first quarter revenues.
Ernest Zavoral, President of Infotopia, commented, ``The company is quite pleased with the substantial revenues and earnings reported for the first quarter of 2001, a trend we expect will continue throughout the year. We are especially proud to note that the company has been able to achieve such impressive financial results even though we have only been operational as a stand-alone company for less than a year. As the company continues to mature and build on its leadership position in the infomercial industry, we remain confident that we will be able to take advantage of the multitude of growth opportunities that currently lie before us as well as future opportunities.''
Daniel Hoyng, CEO and Chairman, stated, ``Infotopia's first quarter results are further evidence of the success of our strategic business plan and the strong acceptance of our products and infomercials by the consumer. We also believe these results further strengthen our leadership position in the direct response and consumer product industry. It is important to note that the Body by Jake, Bun and Thigh Rocker was our only product in full television rollout during the first quarter of 2001. Medicus Dual 2000, Michael Thurmond's Six Week Body Makeover, Hot Mommies and Total Tiger are still in the ramp-up phase of television media spending. Based on the initial success of these products, we are confident that these products will play a significant role in our revenue and earnings growth in the second quarter and beyond. Additionally, the Body by Jake, Bun and Thigh Rocker is scheduled for a fall roll-out to retail.''
The company noted it incurred a one-time charge of $786,891 for discounts it granted for the sale of securities as a result of its fund raising efforts during the quarter. The proceeds were utilized to continue to fuel the growth of the company and help assure continued revenue and profit growth for the coming quarters. In addition, the Company had $2,513,657 in deferred revenue for this period and prepaid expenses versus those revenue of $1,350,500, this would have resulted in $1,163,157.00 in additional profit this quarter, had the Company been able to ship the goods prior to March 31, 2001. This was the result of significant backorders on both Body by Jake, Bun And Thigh Rocker and Total Tiger due to such high consumer demand for our products. The Company is no longer operating on a backorder basis on these products.
Mr. Hoyng concluded, ``We are confident that the current product lines consisting of our top performing health and fitness machines, along with other product lines that are currently under development will enable Infotopia to continue to grow quickly and significantly on a quarter-to-quarter basis.''
ABOUT INFOTOPIA
The Company's mission is to produce, market, and distribute an expanding line of high-quality, innovative health, fitness and consumer products. Infotopia seeks out products that deliver superior value, outstanding quality, and competitive prices to best satisfy customer demand. The Company markets its products to consumers through a variety marketing channels, including infomercials, distributor alliances, and Internet e-commerce. The management at Infotopia is committed to increasing corporate revenues and profits. The company's website is located at http://www.infotopia.tv .
This news release includes ``forward-looking statements'' that include risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the Company's ability to produce and market products and/or services and other risks detailed from time to time in their Company's reports filed with the Securities Exchange Commission.
INFOTOPIA, INC. AND SUBSIDIARY
Consolidated Balance Sheets
(Unaudited)
At At
March 31, 2001 December 31, 2000
CURRENT ASSETS
Cash and cash equivalents $ 194,743 $ 787,150
Accounts receivable - net of
141,458 and $218,254 10,580,052 934,392
Inventory 2,004,839 418,689
Loan Receivable 200,000 --
Subscription Receivable 1,356,914 --
Prepaid expenses and other
current assets 2,877,100 268,051
Employee Advances 73,753 65,485
Investments in marketable
securities, at fair value 180,000 174,000
Total current assets 17,467,401 2,647,767
PROPERTY AND EQUIPMENT, less
accumulated depreciation
of $273,339 and $ 255,383 277,236 239,773
CAPITALIZED PRODUCTION COSTS, less
accumulated amortization of $-0-
and $-0- 1,006,249 690,475
OTHER ASSETS
Licenses and other intangibles,
less accumulated amortization of
$552,325 and $300,549 3,981,952 2,415,307
Deposits 1,102,233 212,143
TOTAL ASSETS $ 23,835,071 $ 6,205,465
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable and accrued expenses $ 3,121,293 $ 1,798,620
Due to Employees -- 108,723
Debenture 545,000 50,000
Short Term Note Payables to
Stockholders 832,401
Stock to be issued for Cash/Services 1,087,831
Media and AR Loans Payable 5,138,069
Deferred Revenue 2,513,657 38,162
Total Current Liabilities 13,238,251 1,995,505
LONG-TERM LIABILITIES
Debenture -- 600,000
TOTAL LIABILITIES 2,595,505
STOCKHOLDERS' EQUITY
Common stock - 3/31/01: $.001 par
value, 190,000,000 shares authorized;
189,996,000 shares issued and
outstanding; 189,996 172,236
Preferred Stock - 3/31/01:
$.001 par value, 10,000,000
shares authorized; 8,100,000
shares issued and outstanding 8,100 --
Additional paid-in-capital 46,832,950 41,440,254
Accumulated deficit (36,464,226) (38,026,530)
Unrealized gain on marketable
securities 30,000 24,000
Total stockholders' equity 10,596,820 3,609,960
TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY $ 23,835,071 $ 6,205,465
INFOTOPIA, INC. AND SUBSIDIARY
Consolidated Statement of Operations
(Unaudited)
For the three For the three
month period month period
ended ended
March 31, 2001 March 31, 2000
REVENUE
Sales, net of returns and allowances
of $725,767 $ 23,922,632 $ --
COST OF SALES 6,691,634 --
GROSS PROFIT 17,230,997 --
OPERATING EXPENSES
General and administrative 1,605,954 1,028
Selling and marketing 12,580,984
Depreciation and amortization 251,310
Total operating expenses 14,438,250 1,028
INCOME FROM OPERATIONS 2,792,748 (1,028)
OTHER EXPENSES
Interest expense 443,553 0
Discount expense 786,891 0
Total other expenses 1,230,444 0
INCOME BEFORE INCOME TAXES 1,562,304 (1,028)
INCOME TAXES 0 0
NET INCOME $ 1,562,304 $ (1,028)
Basic and Diluted earnings
per share $ 0.01 (0.25)
Weighted Average of Shares
Outstanding 189,206,671 105,490,686
--------------------------------------------------------------------------------
Contact:
Infotopia, Inc.
Robert Tilton
609-888-4111
IFTPIR@infotopia.tv
Infotopia, Inc. Announces Strong First Quarter Financial Results
Tuesday May 8, 3:04 pm Eastern Time
Press Release
Infotopia, Inc. Announces Strong First Quarter Financial Results
Reports Revenues of $23.9 Million and Net Income of $1.6 Million
BOSTON--(BUSINESS WIRE)--May 8, 2001--INFOTOPIA, INC. (OTC BB:IFTP - news) today announced updated revenues and earnings for its first quarter ended March 31, 2001.
After review and adjustments by the auditors, revenues for the three months ended March 31, 2001 were $23,923,000 compared to $0 for the same year ago period. Net income for the first quarter ended March 31, 2001 was $1,562,000, or $0.01 per basic and diluted share, compared to a net loss of $1,028,000 or $(0.25) per basic and diluted share. Infotopia did not conduct operations during the first quarter ended March 31, 2000.
The company noted that the majority of its revenues for the first quarter of 2001 were derived from strong sales of its fitness products including the Body By Jake, Bun & Thigh Rocker, Torso Tiger, Medicus Dual 2000 and Total Tiger. In addition, sales of Hot Mommies and Backstroke Back Massager also contributed to first quarter revenues.
Ernest Zavoral, President of Infotopia, commented, ``The company is quite pleased with the substantial revenues and earnings reported for the first quarter of 2001, a trend we expect will continue throughout the year. We are especially proud to note that the company has been able to achieve such impressive financial results even though we have only been operational as a stand-alone company for less than a year. As the company continues to mature and build on its leadership position in the infomercial industry, we remain confident that we will be able to take advantage of the multitude of growth opportunities that currently lie before us as well as future opportunities.''
Daniel Hoyng, CEO and Chairman, stated, ``Infotopia's first quarter results are further evidence of the success of our strategic business plan and the strong acceptance of our products and infomercials by the consumer. We also believe these results further strengthen our leadership position in the direct response and consumer product industry. It is important to note that the Body by Jake, Bun and Thigh Rocker was our only product in full television rollout during the first quarter of 2001. Medicus Dual 2000, Michael Thurmond's Six Week Body Makeover, Hot Mommies and Total Tiger are still in the ramp-up phase of television media spending. Based on the initial success of these products, we are confident that these products will play a significant role in our revenue and earnings growth in the second quarter and beyond. Additionally, the Body by Jake, Bun and Thigh Rocker is scheduled for a fall roll-out to retail.''
The company noted it incurred a one-time charge of $786,891 for discounts it granted for the sale of securities as a result of its fund raising efforts during the quarter. The proceeds were utilized to continue to fuel the growth of the company and help assure continued revenue and profit growth for the coming quarters. In addition, the Company had $2,513,657 in deferred revenue for this period and prepaid expenses versus those revenue of $1,350,500, this would have resulted in $1,163,157.00 in additional profit this quarter, had the Company been able to ship the goods prior to March 31, 2001. This was the result of significant backorders on both Body by Jake, Bun And Thigh Rocker and Total Tiger due to such high consumer demand for our products. The Company is no longer operating on a backorder basis on these products.
Mr. Hoyng concluded, ``We are confident that the current product lines consisting of our top performing health and fitness machines, along with other product lines that are currently under development will enable Infotopia to continue to grow quickly and significantly on a quarter-to-quarter basis.''
ABOUT INFOTOPIA
The Company's mission is to produce, market, and distribute an expanding line of high-quality, innovative health, fitness and consumer products. Infotopia seeks out products that deliver superior value, outstanding quality, and competitive prices to best satisfy customer demand. The Company markets its products to consumers through a variety marketing channels, including infomercials, distributor alliances, and Internet e-commerce. The management at Infotopia is committed to increasing corporate revenues and profits. The company's website is located at http://www.infotopia.tv .
This news release includes ``forward-looking statements'' that include risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the Company's ability to produce and market products and/or services and other risks detailed from time to time in their Company's reports filed with the Securities Exchange Commission.
INFOTOPIA, INC. AND SUBSIDIARY
Consolidated Balance Sheets
(Unaudited)
At At
March 31, 2001 December 31, 2000
CURRENT ASSETS
Cash and cash equivalents $ 194,743 $ 787,150
Accounts receivable - net of
141,458 and $218,254 10,580,052 934,392
Inventory 2,004,839 418,689
Loan Receivable 200,000 --
Subscription Receivable 1,356,914 --
Prepaid expenses and other
current assets 2,877,100 268,051
Employee Advances 73,753 65,485
Investments in marketable
securities, at fair value 180,000 174,000
Total current assets 17,467,401 2,647,767
PROPERTY AND EQUIPMENT, less
accumulated depreciation
of $273,339 and $ 255,383 277,236 239,773
CAPITALIZED PRODUCTION COSTS, less
accumulated amortization of $-0-
and $-0- 1,006,249 690,475
OTHER ASSETS
Licenses and other intangibles,
less accumulated amortization of
$552,325 and $300,549 3,981,952 2,415,307
Deposits 1,102,233 212,143
TOTAL ASSETS $ 23,835,071 $ 6,205,465
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable and accrued expenses $ 3,121,293 $ 1,798,620
Due to Employees -- 108,723
Debenture 545,000 50,000
Short Term Note Payables to
Stockholders 832,401
Stock to be issued for Cash/Services 1,087,831
Media and AR Loans Payable 5,138,069
Deferred Revenue 2,513,657 38,162
Total Current Liabilities 13,238,251 1,995,505
LONG-TERM LIABILITIES
Debenture -- 600,000
TOTAL LIABILITIES 2,595,505
STOCKHOLDERS' EQUITY
Common stock - 3/31/01: $.001 par
value, 190,000,000 shares authorized;
189,996,000 shares issued and
outstanding; 189,996 172,236
Preferred Stock - 3/31/01:
$.001 par value, 10,000,000
shares authorized; 8,100,000
shares issued and outstanding 8,100 --
Additional paid-in-capital 46,832,950 41,440,254
Accumulated deficit (36,464,226) (38,026,530)
Unrealized gain on marketable
securities 30,000 24,000
Total stockholders' equity 10,596,820 3,609,960
TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY $ 23,835,071 $ 6,205,465
INFOTOPIA, INC. AND SUBSIDIARY
Consolidated Statement of Operations
(Unaudited)
For the three For the three
month period month period
ended ended
March 31, 2001 March 31, 2000
REVENUE
Sales, net of returns and allowances
of $725,767 $ 23,922,632 $ --
COST OF SALES 6,691,634 --
GROSS PROFIT 17,230,997 --
OPERATING EXPENSES
General and administrative 1,605,954 1,028
Selling and marketing 12,580,984
Depreciation and amortization 251,310
Total operating expenses 14,438,250 1,028
INCOME FROM OPERATIONS 2,792,748 (1,028)
OTHER EXPENSES
Interest expense 443,553 0
Discount expense 786,891 0
Total other expenses 1,230,444 0
INCOME BEFORE INCOME TAXES 1,562,304 (1,028)
INCOME TAXES 0 0
NET INCOME $ 1,562,304 $ (1,028)
Basic and Diluted earnings
per share $ 0.01 (0.25)
Weighted Average of Shares
Outstanding 189,206,671 105,490,686
--------------------------------------------------------------------------------
Contact:
Infotopia, Inc.
Robert Tilton
609-888-4111
IFTPIR@infotopia.tv
Janice you should be the one to talk, you have how many thousands of posts on the iftp board in about 6 months...10-15 thousand, I am just guessing. You are gonna ask me if I get paid to hype iftp, while you sit on the iftp board all day and claim to have no position???
jo-jo, I have a sense of humor. Since you asked so nicely I will let you go to the link and ask the poster on that particular board. Man I could have saved you some time.
yes we have seen all the stockpatrol articles and they are mostly crap! stockpatrol most likely works for a group of people who are short on iftp stock, it is fairly obvious if you look at when they release their articles.
imo
Hey FG do you have any thoughts on this it is concerning iftp....
When you are done, make sure to read this http://www.onthecanvas.com/toppage11.htm
Here is where I took this from http://www.agoracom.com/nonmemforum/msgreview.asp?id=93048&refid=0&orig=93048
I really don't think the problem of shorting will go away with ease. Dan's news releases will continue to go ignored. This is a problem he created himself. So it will take a lot for shorts to cover. Dan dug his own hole and now realizes the problems. I think the problem is much bigger than we may think and a dilemma that management is very considered about. Before bashers try to continue to insult longs as if there's no short position here lets emphasize some points again. We now know that OTC shorting is a huge market. We know stocks can be shorted or bought long. To say its difficult to short a stock is a very lame and weak attempt by bashers. The longs have to be less gullible and realize that ''all'' stocks can be shorted and Iftp is being shorted. From the months of September to February there was the most amount of money reported as short positions ever in the NASDAQ. These trends have carried over to the OTC markets as well. This bear market is not just a buyers strike. It is short sellers shorting at every attempt. What better market than the OTC where there is no money to counter act the short positions on the long side? So, lets clear some points and bring this case together.
If you are a long on this stock I hope you are not so naive to believe that bashers bash for fun or to protect society for the better. If they were so worried about this company posing harm to investors don't you think they should be bashing their story to the SEC if they really cared? And if they have, obviously the SEC knows that this company is legit. Lets not think like adolescents and think this company is a scam and bashers are trying to help everyone for FREE. I hope we are all smarter than that. Everyone on these boards are here for one agenda:MONEY. Anyone who tells you different don't trust. Lets tie this together.
Starting with bashers. I don't think they are a threat like many longs think they are, but I think they validate short positions. Please as a serious investor read these articles I am recommending. Look at the basher named Janice Shell in this article. Is she a suspect of shorting ethics? Very seriously to the point of illegal actions. Read the below article. She is a short seller and works for short sellers. Is she associated with bashing Infotopia? Yes, So link this story and Infotopia. Please read the story in its entirety
http://www.onthecanvas.com/toppage11.htm
Also study the Stockpatrol articles with Janice Shell postings on Raging Bull. Disturbingly similar. Almost identical writing styles. Is it yet another coincidence that this short seller (Stockpatrol) comes out bashing Infotopia in full force as soon as Infotopia's stock price touches their highs for the year? Where was stockpatrol when the stock price was at 6,7,8, or even 10 cents to warn us investors? I guess the price wasn't high enough at those levels to short. So they waited till the stock hit its 52 week high. But, Janice Shell continues to beg investors to listen to her story so desperately. Why is she so desperate if this is just an innocent hobby for her? Cause she has money on the line just like everyone else who claims this is a hobby for them. She states that Infotopia is out to con us. But, who has been caught by the United States legal systems for conning people? Janice Shell or Infotopia? Janice Shell. So longs now you see how these criminal bashers work. Like the quote we all hear, ''nobody comes to Wall Street without thinking about money 24/7.'' Real charity workers would go to real charity places. Would they come to a place where the worlds money is? Do not let these bashers insult you any longer. They are after money.
Now that you have linked the most known basher of Infotopia as a short seller we can move on. Lets take a look at these interesting trading statistics and make a common sense conclusion. Please read the article and statistics in its entirety
http://www.agoracom.com/nonmemforum/msgreview.asp?id=92917&refid=0&orig=92917
That kind of trading is not coincidence. It is professional short selling.
Lets now look at recent company behavior. Was the last chairman message a message of excitement and developments or a concern of shorting? My opinion is a very serious concern for shorting. Take a look at these comments in just the last chairman's message by Dan Hoyng.
Dan Hoyng quote-''The ability to track short positions will be of significant value to the shareholders and Company''
Why is it so important to track short positions in the future Dan Hoyng? Maybe cause you are so bothered you cant track them now.
Dan Hoyng quote-''Therefore, all short positions must be covered in order to receive a liquidating distribution.''
Again another message to shorts and the obvious existing short position in Infotopia. Seems to me this CEO is exasperated very much with the short positions.
This is not the only recent company behaviors due to shorting. The most obvious is the removal of the DTC sheets at the same exact time it seemed shorting was picking up. This again is not coincidence, but rather taking away beneficial information away from short sellers. So, why is the company behavior dominated by shorting of the stock? Because the company has lost command of this stock to short sellers.
There are still more ties to shorting. Take TK. TK is notorious for financing companies and shorting companies. They are facing law suits because of this praxis. Infotopia is currently directly tied in with TK as TK recently has financed for Infotopia. Chances are they have shorted their shares received by Infotopia.
So as you can see there are many ties to short sellers. All of these short sellers shown in other cases are involved with Infotopia. Our CEO by removing the DTC sheets and commenting so much on shorting in his last Chairman's Message numerates shorting is much more than we think. Look out all the clues. These aren't coincidences. But, as David Killian stated; we have a serious problem at hand.
that's it, WTF do you even post for? You are saying no otc under $5 ever gets shorted you are a lying sack of ####.
Joseph- Maybe for your next article you should write how otc stocks get shorted....
Long iftp
MLH...WTF...eom
I am not pcmanic...eom
willywizard, I refer you to my previous post. You are mad cause iftp didn't renew your contract. Probably cause you are better at pumping then you think!
Joemoney, you couldn't be more wrong. So you are saying every otc stock under $5.00 is not shorted? WTF
Joe so you are saying iftp has no current short position. It is against SEC law?? What are you talking about, there is a current short position out of Canada still. The total current short position on iftp should be in excess of 50 million atleast....
imo
Infotopia Announces Two-Week Revenues Exceed $8,000,000
BOSTON--(BUSINESS WIRE)--April 25, 2001--Infotopia, Inc. (OTC BB: IFTP) (``Infotopia''), announced today that the gross revenue for the two-week period ending April 22, 2001 exceeded $8,000,000.00. Infotopia has continued to surpass its projected weekly sales and profit goals for the second quarter.
Ernest Zavoral, President stated, ``We are pleased that weekly gross revenue and profits continue to grow, fueled by the success of the Total Tiger, the Body by Jake, Bun & Thigh Rocker, the Medicus Dual 2000 and Michael Thurmond's Six Week Body Makeover. Their success allows us to continue to achieve and surpass our weekly sales objectives.''
Daniel Hoyng, CEO and Chairman commented, ``The continued strong numbers are proof of the stability being achieved in our weekly performance. We are also working diligently on securing long-term revenue growth through implementing various ''backend`` programs that yield in a high retention rate of the new customers and provide a consistent stream of revenue and profit through the sales of additional products and services, with minimal additional costs.''
ABOUT INFOTOPIA
The Company's mission is to produce, market, and distribute an expanding line of high-quality, innovative health, fitness and consumer products. Infotopia seeks out products that deliver superior value, outstanding quality, and competitive prices to best satisfy customer demand. The Company markets its products to consumers through a variety marketing channels, including infomercials, distributor alliances, and Internet e-commerce. The management at Infotopia is committed to increasing corporate revenues and profits. The company's website is located at http://www.infotopia.tv
This news release includes ``forward-looking statements'' that include risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the Company's ability to produce and market products and/or services and other risks detailed from time to time in their Company's reports filed with the Securities Exchange Commission.
http://biz.yahoo.com/bw/010425/2258.html
willywizard.... It would be obvious to assume that you don't like iftp anymore because they decided not to give you a new contract, lol. You were horrible in the first place. Oh that is right you hand pick the companies you profile, lol... who ever dishes out the most shares I would assume, and the others you turn pessimistic on, is that it.
Why don't you show me one of your otc gems that is doing this much rev's while earning a profit and is only a year old. Go ahead you won't find one.
Anyone can run a weak stock promoting site you are the poster boy!
FG you have mail....eom
Hello Joemoney......
Thanks for taking the board over, I look forward to having great conversations with you through the board. I am getting sick of RB, btw, excellent article you wrote today, you are dead on about the bashers....
I am sure you know the basher LBJ on RB, here is a little present for you, make sure you read this post through FOCUSING on the bold words.....
http://ragingbull.lycos.com/mboard/boards.cgi?board=IFTP&read=302059
stockpatrol.com fails to give me a phone number so I can contact the company and ask them just exactly what there intentions are bashing iftp at its low. They have responded to my e-mials but are too scared to give me their phone number. If it is Janice that works for them, and we find out, you can expect stockpatrol to be shut down, and Janice to get sued (it wouldn't be the first time).....
Keep up the good work, more will come over...
JMHO
AccessTel Inc. Has Selected an Institutional Financial
Funding Commitment
Thursday March 15, 2:01 pm Eastern Time
Press Release
AccessTel Inc. Has Selected an Institutional Financial
Funding Commitment
LOS ANGELES--(BUSINESS WIRE)--March 15, 2001--AccessTel Inc. (OTCBB:ATEL - news), today announced that it has
signed a $10,000,000.00 financing from an Institutional Financial Group ready to fund its future expansion of Broadband Wireless
Infrastructure in China. Details will be announced upon clearance of legal counsel of both companies.
Testing has been successful in China and uninterrupted, with AccessTel Inc.'s and its strategic partner's customers. AccessTel
China Inc.'s marketing program is underway and further buildings are anticipated to be connection in the near future.
``We are extremely pleased by the offers of funding received from Major Institutional Financial Groups and have made our final
selection,'' stated Lawrence Liang, CEO and President of AccessTel Inc.
Forward-looking statements in this release are made pursuant to the safe-harbor provisions of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including,
without limitation, continued acceptance of the company's products and technological changes, the company's dependence upon
third-party suppliers, intellectual property rights and other risks detailed from time to time in the company's periodic reports filed
with the Securities and Exchange Commission.
Contact:
AccessTel Inc.
Lawrence Liang, 408/216-4754
Is there anyone that can get yahoo to update the profile?..eom
AccessTel Inc.'s Board To Select the Best Institutional Financial Offer
Thursday March 8, 10:10 pm Eastern Time
Press Release
AccessTel Inc.'s Board To Select the Best Institutional Financial Offer
LOS ANGELES--(BUSINESS WIRE)--March 8, 2001--AccessTel Inc. (OTCBB:ATEL - news), today announced that it has received multiple offers, each over $10,000,000.00 from Institutional Financial Groups ready to fund its future expansion of Broadband Wireless Infrastructure in China. The Board of Directors of AccessTel Inc. will vote on the approved terms and conditions of each offer. The Board expects to announce their final decision early next week.
Testing is continuing in China with AccessTel Inc.'s customers. AccessTel China Inc.'s marketing program is underway and further buildings are anticipated to be connected in the near future.
``We are extremely pleased by the offers of funding received from Major Institutional Financial Groups,'' stated Lawrence Liang, CEO and President of AccessTel Inc. ``This first intuitional funding commitment will allow AccessTel Inc. to accelerate the installation of our Broadband Infrastructure.''
Forward-looking statements in this release are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
AccessTel Inc.
Lawrence Liang, 408/216-4754
FG is it possible that atel was being shorted today?-->
If someone was shorting atel they could be in for a big suprise if the CC goes well, imo.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=15431303
To:Anthony@Pacific who wrote (67592)
From: TheTruthseeker Thursday, Mar 1, 2001 11:35 AM
Respond to of 67610
CONTACT: Shopps.com/AccessTel Inc. Lawrence Liang/Stuart Bockler, 408/216-4754 or Francois Goelo the tout. LOL
Analyst Coverage "Bought and Paid For"-including one public
company that provided hyperlinks on its website to the reports of a
purportedly independent analyst who actually was paid 12,500 shares of
the company's stock in undisclosed compensation for publishing the
reports. These reports, in essence, merely reprinted the company's
fraudulent, upbeat claims, including the company's assertion that it
had profitable business relationships with 14 "blue chip" companies.
The SEC alleges that, in reality, these alleged relationships were
outright lies or gross exaggerations (SEC v. Internet Solutions for
Business, Inc. and Lawrence Shaw; In the Matter of Imcadvisors, Inc.
and Stuart Bockler);
============================================
CONTACT: CONTACT:
Shopps.com/AccessTel Inc.
Lawrence Liang/Stuart Bockler, 408/216-4754
Shopps.com/AccessTel Inc.
Lawrence Liang/Stuart Bockler, 408/216-4754
Shopss.com to Announce Schedule of AT&T Conference Call; Board of Directors to Make Announcement
LOS ANGELES--(BUSINESS WIRE)--Feb. 6, 2001--Shopss.com (OTCBB:SHPS), today announced that it will hold an AT&T Conference Call following the official change of its name to AccessTel Inc.
The company anticipates that its name change to AccessTel Inc. will be official on or about Feb. 20, 2001. The company also anticipates that it will change its trading symbol following the completion of its name change to AccessTel Inc.
The company's board of directors and other guests will be available during the AT&T Conference Call to discuss the company's future and the content of a company news release anticipated to be released simultaneously with the commencement of the AT&T Conference Call.
The company will provide instructions for participating in the AT&T Conference Call by way of publishing a news release immediately following the official completion of its name change to AccessTel Inc. At the time of the AT&T Conference Call, those who would like to participate should call 800/403-1026 (Domestic) or 865/544-0909 (International).
In addition, the company announced the appointment of Radin Glass
Co. as auditors for the company. Further, following its name change, the company will continue its engagement of Loeb & Loeb LLP as its legal counsel.
Forward-looking statements in this release are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
CONTACT: CONTACT:
Shopps.com/AccessTel Inc.
Lawrence Liang/Stuart Bockler, 408/216-4754
Shopps.com/AccessTel Inc.
Lawrence Liang/Stuart Bockler, 408/216-4754
Or
Pace Communications Network
Sy Mitzner, 800/791-5777
KEYWORD: CALIFORNIA
BW0605 FEB 06,2001
16:08 PACIFIC
19:08 EASTERN
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=15431303
FG, any thoughts on atel price, would you be a buyer here with the CC coming up?
Thanks
AccessTel Inc. Announces Completion of Its Name Change
Monday February 26, 7:35 pm Eastern Time
Press Release
AccessTel Inc. Announces Completion of Its Name Change
Company's Trading Symbol Changes to ``ATEL''
LOS ANGELES--(BUSINESS WIRE)--Feb. 26, 2001--AccessTel Inc. (OTCBB:SHPS - news), announced today that its name change from Shopss.com Inc. to AccessTel Inc. is now official and its trading symbol will be changed to ``ATEL'' (OTCBB:ATEL - news), effective Feb. 27, 2001.
Both Lawrence Liang, chief executive officer and president of AccessTel Inc., and Dr. William C.Y. Lee, a member of the board of directors of AccessTel, are currently in Shanghai, China, overseeing the deployment of AccessTel's wireless broadband network system in CAOHEJING High Tech Park.
Following their return, AccessTel will provide instructions for participating in the AT&T conference call by way of publishing an additional news release. The focus of the AT&T conference call will be to discuss the company's future and the content of a company news release anticipated to be released simultaneously with the commencement of the AT&T conference call.
At the time of the AT&T conference call, those who would like to participate should call 800/403-1026 (Domestic) or 865/544-0909 (International).
Forward-looking statements in this release are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
AccessTel Inc.
Lawrence Liang/Stuart Bockler, 408/216-4754
http://www.accesstelinc.net
iftp/new ceo message...January 12, 2001
Dear Shareholders,
We continue to get very good questions from you and are very pleased at the results from our continuing series of questions and answers. Our goal is to keep our shareholders informed and to communicate what our company is trying to achieve.
Sincerely,
Daniel Hoyng
Chairman & CEO
--------------------------------------------------------------------------------
Q: Why have insiders including yourself sold? You emphatically stated no insiders have sold. On 11/2/00 Dan Hoyng held 2,886,200 shares and on 1/11/00 - 1,804,000 shares. This leads me to believe you have been selling and not buying, and we feel like you have blatantly lied to us. Please explain.
A: All the officers and myself believe in IFTP and own a great deal of stock in IFTP. In the year 2000, all of the officers including myself took a great deal of our salary in stock, we even used our own money for expenses and later converted those expenses owed into stock. This allowed the Company to keep the cash and utilize it for items to grow the Company for the long term. The federal government and state government does not take stock for payment of taxes, even when restricted stock is issued we are required to pay taxes (over 40% of the value of any stock we received is lost to taxation). This is why registering stock is very important. The officers did not take excessive cash salaries, rather was compensated in stock as we believe in the Company. In the past thirty days I have bought 285,000 shares in the market and purchased 1,200,000 shares from the Company in the exercise of options, thus investing over $95,000. A look at my salary and previous stock sold will clearly show that not only do I believe in the Company, other than paying taxes, I am investing 100% of my disposable income back into Infotopia Inc.
--------------------------------------------------------------------------------
Q: The Company has been advertised very actively on Internet sites, especially sites devoted to the OTCBB. Has the Company considered advertisements in publications with a broader audience, something like Barron's, the weekly publication of the Wall Street Journal? They have a "Current Corporate Reports" section that might be appropriate.
A: Currently we are looking into various media outlets for further exposure of our Company. Once these advertisements are placed we will alert our shareholders of there location.
--------------------------------------------------------------------------------
Q: Dan Hoyng was recently mentioned in a filing from Dynamic I-T (DYNM). Can you tell us about this connection?
A: The only connection is that DYMN uses the same attorneys that we use here at Infotopia. It appears they used a copy of a document similar to IFTP's and didn't pull out my name (Dan Hoyng). Clearly an oversight on the attorney's part which will by corrected in DYMN amended filing.
--------------------------------------------------------------------------------
Q: What is the current share structure?
A: Currently share structure is:
auth: 190m common, 10m preferred
approx: 189m O/S
approx: 140m Float
--------------------------------------------------------------------------------
Q: Can you update us on the number of IFTP shareholders, and do you know the average number of shares held by each?
A: Currently we have at least 7,500 shareholders.
--------------------------------------------------------------------------------
Q: Will sales of the new products (Bun and Thigh Rocker, BodyRocker) go on the books upon shipment or will there be a 30-day delay for recording sales?
A: Product revenues are allowed to be booked once they are shipped. Currently Bun and Thigh Rocker is shipped within days of our customers placing the orders.
--------------------------------------------------------------------------------
Q: Can you update us on the status of the Natural Science Corporation products? Are they still planned for release this quarter?
A: An April release is now planned for these projects.
--------------------------------------------------------------------------------
Q: In a recent Q and A on a stock promoters website, you stated there would be a need for an additional 30m to 50m shares in the coming year. Please explain how you plan to do this and if that number is part of the latest SB2?
A: The Company will always look at new ways to grow so the right acquisition might be cause to issue shares. However, the Company has a variety of agreements that exist that contain options if every option was issue the Company would need to issue between 30 and 35 million shares. The Company does expect to buyback shares during the coming year. The shares purchased through the buyback program would be returned to treasury. This buyback of shares would offset any additional new shares that may be required in the coming year, depending upon the share price. It is the expectation that the total shares issued at the end of calendar year 2001 would be significantly less than currently outstanding.
--------------------------------------------------------------------------------
Q: How is the BodyRocker performing?
A: BodyRocker has performed well in testing. Currently we are adding to our media expenditure and should continue to see very positive results.
--------------------------------------------------------------------------------
Q: What is your media budget for all the products for January?
A: Our January media budget will actually be in excess of two million and we anticipate that February will be in excess of five million. The only variable is the ability for media buying Companies to purchase the quality and variety of media needed for each campaign.
--------------------------------------------------------------------------------
This information includes "forward-looking statements" that include risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the Company's ability to produce and market products and/or services and other risks detailed from time to time in their Company's reports filed with the Securities Exchange Commission.
iftp nes...Friday January 12, 2:24 pm Eastern Time
Press Release
Infotopia, Inc. Announces Stock Buyback
Estimated 12 Million to be Used for Repurchase of Stock Over the Next 18 Months
BOSTON--(BUSINESS WIRE)--Jan. 12, 2001--Infotopia, Inc. (OTCBB:IFTP - news) announced today that the Company intends to launch an official Buyback Program of the common stock of the Company. The Buyback Program will begin in the coming months as cash flow from profits becomes available. The Company is planning to utilize a minimum of 20% of its future profits to repurchase the common stock of the Company and retire it to the Treasury.
The Company is projecting in excess of 60 million in profit over the next 18 months. This will allow the Company to utilize approximately 12 million dollars for the purpose of repurchasing its common stock. The Buyback Program will occur in a slow but steady process over the entire 18 months.
Daniel Hoyng, Chairman and CEO of Infotopia stated, ``The Board of Directors of Infotopia, Inc. believes that this Buyback Program will help to minimize any further dilution of the Company. It is very exciting to see the Company performing so well, thus allowing us to increase shareholders value by establishing the Buyback Program.''
ABOUT INFOTOPIA
The Company's mission is to produce, market, and distribute an expanding line of high-quality, innovative health, fitness and consumer products. Infotopia seeks out products that deliver superior value, outstanding quality, and competitive prices to best satisfy customer demand. The Company markets its products to consumers through a variety marketing channels, including infomercials, distributor alliances, and Internet e-commerce. The management at Infotopia is committed to increasing corporate revenues and profits. The company's website is located at http://www.infotopia.tv.
This news release includes ``forward-looking statements'' that include risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the Company's ability to produce and market products and/or services and other risks detailed from time to time in their Company's reports filed with the Securities Exchange Commission.
--------------------------------------------------------------------------------
Contact:
OTC Relations
Robert Tilton
609-888-4111
IFTPIR@infotopia.tv
Iftp news...Friday January 12, 9:31 am Eastern Time
Press Release
Bi-Weekly Sales Exceeds $4 Million
Plan to Increase Media Time Will Further Increase Weekly Sales
BOSTON--(BUSINESS WIRE)--Jan. 12, 2001--Infotopia Inc. (OTCBB:IFTP - news) announced today that preliminary sales figures for the two-week period ending January 11, 2001 were in excess of $4,000,000 (unaudited). The products sold during this period include Body By Jake Bun & Thigh Rocker, Backstroke, Hot Mommies, Torso Tiger and BodyRocker, as well as additional products offered as upsells on the various infomercials. The sales include both International and Internet orders.
Ernest Zavoral, President of Infotopia, stated, ``We anticipated the New Year to get off to a quick start and we are extremely pleased with the overall performance of all our campaigns. What is particularly exciting is the number of international orders we have received for the Backstroke and the BodyRocker. We are thrilled that we established new highs in our bi-weekly sales''.
Daniel Hoyng, Chairman and CEO of Infotopia, stated, ``Our shareholders can now begin to see the return on their cash and stock investment that Infotopia made in its new product acquisitions. What is very encouraging is the fact that the Company will continue to increase the weekly media it is purchasing for its current campaigns and for the new campaigns we are scheduling to launch in the upcoming weeks. These additional media dollars will continue to increase our weekly sales and the Company is very confident that the future revenues will exceed $3,000,000 per week by the end of this fiscal quarter''.
ABOUT INFOTOPIA
The Company's mission is to produce, market, and distribute an expanding line of high-quality, innovative health, fitness and consumer products. Infotopia seeks out products that deliver superior value, outstanding quality, and competitive prices to best satisfy customer demand. The Company markets its products to consumers through a variety marketing channels, including infomercials, distributor alliances, and Internet e-commerce. The management at Infotopia is committed to increasing corporate revenues and profits. The company's website is located at http://www.infotopia.tv.
This news release includes ``forward-looking statements'' that include risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the Company's ability to produce and market products and/or services and other risks detailed from time to time in their Company's reports filed with the Securities Exchange Commission.
--------------------------------------------------------------------------------
Contact:
OTC Relations
Robert Tilton, 609-888-4111
IFTPIR@infotopia.tv