SOURCE: OTC Report

June 15, 2005 08:32 ET

GWIN, Inc. Reports Operating Profits for Two Consecutive Quarters, Announces The OTC Report

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the OTC Report.

LAKE HARMONY, PA -- (MARKET WIRE) -- June 15, 2005 -- The OTC Report recommends GWIN, Inc. (OTC BB: GWNI), which announced its Third Quarter (Feb-April) results, which include a profitable operating margin for the second straight quarter. For the three-month period ending April 30, 2005, revenues were $1,204,801-a 19% increase over the $1,013,219 reported for the same period last year, and the Company enjoyed a three-month operating profit of $10,286-over $70,000 better than the operating loss of ($63,232) reported for the same three-month period in 2004. The Company's net income for the quarter, which per the SEC's rules on auditing include interest and non-cash financing costs, was also much improved with a net loss of ($120,600) reported, compared to a net loss of ($441,636) for the same period in 2004.

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