“EBIZ Enterprises…a leading developer and operator of Linux
Vertical Service Portals (VSPs) and designer of Linux-based
computer systems, announced record revenue for the first-quarter of
their fiscal-year 2000, which ended Sept. 30, 1999.”
“The Company’s revenue for the first quarter of fiscal 2000 was
$5,638,628, a $1,051,875, or 23%, increase over the first quarter
fiscal 1999 revenue of $4,586,753. The net loss attributable to
common stockholders for the quarter increased to $1,240,289 or $.17
per share, up from $463,371, or $.07 per share, for the first
quarter of fiscal 1999.”
“We are excited to announce such positive revenue growth.
However, our focused Linux strategy will evolve our future sales
mix away from high volume, low margin revenue to higher margin
business,” explained Jeffrey Rassas, chief executive officer
of EBIZ Enterprises. “We have made a strategic business decision to
transition our organization and to concentrate our focus on
developing our Linux business initiatives. Executing this strategy
will have the short-term effect of slowing our sales growth.”