May 15 EWEB EUROWEB INTL. CORP., posts 1Q loss per share of $0.03 vs. loss of $0.01
MARCH 30, 2000 Euroweb International Corp. Announces Annual Results For Fiscal 1999 Showingan Increase of 257% in Revenues for 1999 Over 1998 4,325,053 in 1999 Vs.1,685,245 in 1998) from its Internet Operating Companies
Euroweb International Corp.'s objective is to supply complete communication solutions using Internet technologies. The Company does not currently have a business but is seeking to acquire other Internet service companies in Eastern Europe. Instead of concentrating on small users, Euroweb will concentrate on large business users. The Internet industry consists of three primary functions: providing access to the Internet, maintaining the computers, known as servers, which store, and allow for access to, Websites, and developing content, including graphics and database functions, for Websites on the Internet. Euroweb plans to provide services in all three areas. Euroweb will market various services for the design, development, hosting and maintenance of home pages. Euroweb will install and maintain homepages on Euroweb servers for customers concerned with the cost, difficulty or security of maintaining home pages on their own network.
Feb 18 2000--Dutch telecommunications operator KPN NV (KPN: news, chart) rose 1.95 euros, or 1.7 percent, to 115.85 euros Friday after it announced its second Net acquisition in as many days.
KPN, which says it wants to become one of Europe's top Internet providers, announced it's bought 51 percent of Euroweb International (EWEB: news, chart), which owns Internet service providers in Hungary, the Czech Republic and the Slovak Republic.
The $16.3 million deal boosts the Dutch company's position in the Central European online market, giving it a particularly strong foothold in Hungary. KPN said the purchase makes it one of the country's largest Internet service providers, with 35 percent of the market.
Market Capitalization $103.8M
Shares Outstanding 9.88M
Float 8.60M
