Totally Hip Third Quarter 2000 Results Show Dramatic Improvement

Posted on 08-30-00

Canadian Venture Exchange:THW
Phone: 604 685 6525
www.totallyhip.com
e-mail: info@totallyhip.com

Vancouver, BC - August 30, 2000 - Totally Hip Software announces its continually improving financial results for the Company's fiscal third quarter that ended June 30, 2000. The financial results show a dramatic improvement from where they were a year ago when Totally Hip embarked on a process of focused software development. The financial statements report improvement in all areas and are summarized as follows for the nine-month period ending June 30, 2000 compared to the corresponding nine-month period ending June 30, 1999.

2000
1999



Assets
$ 1,096,000
$ 388,000
Liabilities
$ 958,000
$ 4,409,000
Net Income (Loss) for Period
$309,000
($ 1,643,000)
Deficit at End of Period
($ 6,456,000)
($ 7,591,000)
Sales
$ 786,000
$ 373,000
Expenses
$ 739,000
$ 1,956,000
Net Income (Loss) After Taxes
$ 309,000
($ 1,643,000)



Income (Loss) Per Share
$ 0.02
($ 0.11)

"Totally Hip has turned the corner. The team has worked very hard to build our award winning software and now can look forward to a much more positive future," said Randall H. McCallum Chairman, CEO and President of Totally Hip. "With the addition of LiveSlideShow and the new digital media preparation and compression products the opportunity exists for Totally Hip to grow aggressively with a much broader market appeal."

"We have LiveStage Professional to service the content creators for the interactive streaming media and broadband markets that reports show are going to grow rapidly," said David B. Dicaire, COO and General Manager of Totally Hip. "The other products give us access to potential customers trying to get photos, slide shows and videos onto the Internet."

The Third Quarter Fiscal 2000 Report with management discussions will be made available on Totally Hip Software's Web site at http://www.totallyhip.com.

Totally Hip Software's mission is to add interactivity to the Web. The Company, founded in 1995, is a leading developer and marketer of interactive QuickTime Web development tools. These include the award-winning LiveStage Professional; LiveStage and WebPainter products that empower users to develop produce and deliver the most engaging experience on the Web. The Company is traded on the Canadian Venture Exchange (Trading Symbol: THW). (c) 2000 Totally Hip Software Inc. All rights reserved.

TOTALLY HIP SOFTWARE INC.

Per: "David B. Dicaire"
David B. Dicaire, COO & General Manager


The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.

News Releases | Press Kits