COPPELL, Texas--June 28, 2000-- Impreso.com, Inc. (Nasdaq National Market: ``ZCOM''), which through its subsidiaries is involved in (1) the manufacture and distribution of paper and film hard copy imaging products for commercial and home office applications and (2) the development of eCommerce initiatives, today announced that net income for the third quarter of FY2000 should significantly exceed prior-year levels.
Based upon information currently available to the Company, management expects net income to more than triple for the quarter ended May 31, 2000 to approximately $400,000, or $0.08 per diluted share, when compared with net income of $117,136, or $0.02 per diluted share, in the quarter ended May 31, 1999. EBITDA for the third quarter of FY2000 is expected to increase approximately 120% to over $1.2 million, compared with $556,213 in the third quarter of FY1999. Net sales for the most recent quarter approximated $17.6 million, versus net sales of approximately $14.9 million in the year-earlier quarter.
``Robust sales during the most recent quarter reflect the successful expansion of TST/Impreso's sales force and customer base in recent months; increased efficiencies in its East Coast operations; and a continued trend towards consolidation within the paper products industry,'' noted Marshall Sorokwasz, Chief Executive Officer of Impreso.com, Inc. ``A number of TST/Impreso's competitors have either merged or exited the industry during the past year, and TST/Impreso has increased its market share as a result. The demise of certain competitors has also allowed TST/Impreso to significantly expand its sales force by hiring qualified salespeople who were previously employed by such competitors.''
``Our performance during the third quarter supports the outlook for improving sales and profits which was anticipated in our news release dated April 17, 2000,'' continued Sorokwasz. ``We are pleased with recent trends and expect sales and earnings to continue strengthening in the fourth quarter and into the upcoming fiscal year.''
About Impreso.com, Inc.
Impreso.com is a holding company for TST/Impreso, Inc. and HotSheet.com, Inc. TST/Impreso, Inc. is a manufacturer and distributor of hard copy imaging products for commercial and home use in domestic and international markets. HotSheet.com, Inc. primarily owns HotSheet.com, a single-page, online Internet directory with categorized links to premier web destinations. The Company's website domains are www.hotsheet.com, www.impreso.com, www.shopsheet.com, and www.tstimpreso.com.
Impreso.com, Inc. is headquartered in Coppell, Texas, and its common stock trades on the Nasdaq National Market under the symbol ``ZCOM''.
This press release may include statements that constitute ``forward-looking'' statements, usually containing the words ``believe'', ``estimate'', ``project'', ``expect'' or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products in the marketplace, competitive factors, new products and technological changes, paper prices and raw material costs, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Impreso.com, Inc., Coppell
Marshall Sorokwasz, 972/462-0100 ext. 103
or
RJ Falkner & Company, Inc.
Investor Relations Counsel, 800/377-9893
info@rjfalkner.com