Mustang.com, Inc. Reports Revenues Up 82% for First Quarter 2000; Mustang.com Announces Ninth Consecutive Quarter of Revenue Growth Through Strong Worldwide Sales

Business Wire,  April 19, 2000  

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Note to Editors: Mustang.com, Inc., Mustang Message Center and the Mustang.com's logo are trademarks of Mustang.com, Inc.

                          Mustang.com, Inc.
                       Statements of Operations

                                               Three Months Ended
                                                    March 31
                                                2000         1999

Revenue                                    $ 1,409,988  $   772,982
Costs of revenue                               126,473       48,561
Gross profit                                 1,283,515      724,421
   Research & development                      370,586      129,520
   Selling & marketing                         629,324      251,629
   General & administrative                    672,076      347,321
Operating expenses                           1,671,986      728,470
   Income (loss) from operations              (388,471)      (4,049)
   Other income (expenses), net                143,946       14,348
Income (loss) before provision
 for income taxes                             (244,525)      10,299
Provision (benefit) for income taxes              0.00         0.00
Net income (loss)                          $  (244,525) $    10,299
Net income (loss) per common share (Basic) $     (0.04) $      0.00
Weighted average number of
 shares outstanding (Basic)                  6,314,858    4,145,314

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