GERMANY, Nov. 13, 2000 (PRIMEZONE) -- FortuneCity: increased to 11th largest internet company worldwide by audience reach (Media Metrix). Net loss reduced significantly.
-- Cash Burn Rate Dropped 51% 2Q2000 to 3Q2000.
-- Company Anticipates Further Significant Improvements in Financial
Results in 4Q2000.
FortuneCity Ranked as 7th Largest Internet Property in Hong Kong, 10th in Canada, 11th in Brazil, 11th in France, 12th in Germany, 18th in UK, 29th in the USA and 14th in Australia by Media Metrix and iamasia.
-- Worldwide Unique Monthly Visitors Increased To Approximately 20
Million.
FortuneCity Is Now the Leading European Listed Internet Company In Terms of Audience Reach.
-- Sales Organization Expanded and Enhanced in both Europe and the
USA.
-- Sale of AcmeCity to Warner Bros. Online to Further Focus
Operations.
Attachments: http://reports.huginonline.com/797284/84614.pdf