The Golden Lounge

[myDDdotcom]

STWW


Forward event: becoming profitable, ala IFTP and SPAZ turnaround

Impact date: OCT 15th earnings due out.

Reliable source: link to news etc below, also check out their website, Tampa Bay Bucs, nice:)
http://www.stampedeinc.com

http://biz.yahoo.com/bw/000815/fl_stamped.html
from their last filing Jund 30th ending:
The Company greatly improved its financial position as of June 30, 2000 in contrast to its financial position at June 30,1999. Current assets increased by $733,673 and current liabilities decreased by $2,295,122 for the report dates. The cash balance increased by $269,565 and the accounts payable and accrued liabilities balances decreased by $1,098,236 as of the aforementioned dates. Furthermore, bank overdrafts have been eliminated. Stockholders' equity has increased by $3,915,625 from a deficit of $(899,754) at June 30, 1999 to a balance of $3,015,871 at June 30, 2000. Overall, the balance sheet has increased by $4,028,585 from assets, and liabilities and equity of $2,460,885 at June 30, 1999 to $6,489,470 at June 30, 2000.

The Company showed an increase in revenues for the three months ended June 30, 2000 in the amount of $140,044 or an increase of 38.4% over the same period for 1999. For the nine months ended June 30, 2000 in contrast with the same period of 1999 revenues decreased by only $18,037 or 1.3%. The reduction in revenues may be attributed to the downtime for the installation of the new press for Chronicle Commercial Printing, and the elimination of the retail portion of Americomp Computers. Management was able to decrease the cost of sales by $365,830 and $521,579, respectively for the three and nine months periods ended June 30, 2000 versus 1999. Additionally, the gross profit margin improved to 58.0% and 35.2% for the three and nine months periods ended June 30, 2000 in contrast to negative 58.3% and negative 0.5% for the same periods in 1999.

Net loss per common share, basic decreased by $0.12 to $(0.01) for the quarter ended June 30, 2000 versus ($0.13) for the same quarter of 1999. Additionally, net loss per common share, basic decreased by $0.21 to $(0.05) for the nine months ended June 30, 2000 versus ($0.25) for the same period of 1999.

From the period ended June 30, 2000, compared to the period ended March 31, 2000, revenues increased by $160,421 or 46.5% for the quarter ended June 30, 2000 in comparison with the quarter ended March 31, 2000. Cost of sales decreased to 42.0% from 85.7% and gross profit increased by $243,519 for the same quarter to quarter comparison. Additionally, to consider the impact of the increase in weighted average shares outstanding at June 30, 2000 on the net loss per share, the June 30, 1999 weighted average shares outstanding is applied to the three months and nine months loss at June 30, 2000. This results in a net loss per share of $(0.08) and $(0.22) and a decrease in the net loss per share of $0.05 and $0.03 for the three and nine months periods ended June 30, 2000, respectively.

Stampede Worldwide, Inc. is engaged in the business of complete Internet Solutions, IT Training, Flexible Staffing, Computer Hardware and Software Sales, and Commercial Web Offset Printing. Each of the Company's operating divisions has shared customers and cross sell products and services assuring maximization customer and client relationships. The Company operates three subsidiaries Stampede Network.com, Inc., Spiderscape.com, Inc. and Chronicle Commercial Printing, Inc.


imo