TerenceNet
Announces Third Quarter 2002 Financial Results
Ft.
Pierce, FL/November 25, 2002 – TerenceNet,
Inc. (OTC BB: TCET), a Ft. Pierce, Florida based
e-Business consulting firm, announced today financial
results for the three and nine months ended September
30, 2002.
For
the three months ended September 30, 2002, TerenceNet,
Inc. reported $79,366 in revenue versus $41,097
in the same period during 2001; a 93% increase.
Revenues for the nine months ended September 30,
2002 were $141,923, a 45% increase when compared
to the revenues generated during the same 9-month
period during 2001, $98,161.
Net
loss for the third quarter 2002 was $133,918 versus
a net loss of $2,661 during the third quarter
2001. Net loss for the first 9 months of 2002
and 2001 was $200,349 and $22,695, respectively.
TerenceNet,
Inc., is an e-business consulting firm providing
strategic consulting and business advisory services,
web site design and development, web site hosting,
domain name and Internet identity management,
and Internet marketing services.
For
additional information, contact Terence Channon,
CEO, TerenceNet, Inc., 6 Avenue A, Ft. Pierce,
FL 34950 U.S.A. Phone 772-429-1401, email info@terencenet.com.
Information is also available online at www.terencenet.com.
SPECIAL
INFORMATION REGARDING FORWARD LOOKING STATEMENTS
Some of the statements in this communication are
"forward-looking statements." These
forward-looking statements involve certain known
and unknown risks, uncertainties and other factors
which may cause our actual results, performance
or achievements to be materially different from
any future results, performance or achievements
expressed or implied by these forward-looking
statements. These factors include, among others,
the factors set forth above under "Risk Factors."
The words "believe," "expect,"
"anticipate," "intend," "plan,"
and similar expressions identify forward-looking
statements. We caution you not to place undue
reliance on these forward-looking statements.
We undertake no obligation to update and revise
any forward-looking statements or to publicly
announce the result of any revisions to any of
the forward-looking statements in this document
to reflect any future or developments |
