LoyaltyPoint, Inc. Pre-Announces Revenues and Results of Operations for the First Quarter Ended March 31, 2004 Company Estimates $11.9 Million in Revenue for the Period Ended March 31, 2004 ATLANTA, May 21 /PRNewswire-FirstCall/ -- LoyaltyPoint, Inc. (OTC Bulletin Board: LYLP; LYLPE), which markets online, gift card, store, catalog, and event-based loyalty programs that generate contributions to schools, nonprofits and other organizations, today announced estimated revenue and results of operations for the first quarter ended March 31, 2004. This marks the first quarter of operations following the February 18, 2004 reverse merger between LoyaltyPoint, Inc., then known as BarPoint.com, Inc (the "Company") and FUNDever, Inc. Prior to the reverse merger, the Company had been inactive and generated no revenue in 2003. Following generally accepted accounting principles, the comparative revenue and net loss numbers reflect the FUNDever operations for 2003. The Company estimates revenue for the quarter ended March 31, 2004 will be $11.9 million versus revenue of $22,000 for the same period in the previous year and anticipates a net loss of $700,000-$800,000 for the period ended March 31, 2004 versus a net loss of $1,400,000 for the same period in the previous year. The Company has been delayed in filing its Form 10-QSB for the period ended March 31, 2004 and expects to file it by the middle of June. The Company needs to first file an amended Form 8-K prior to the Form 10-QSB. Due to the reverse merger, numerous SEC filings were required, including Forms 8-K, 10-KSB, and 10-QSB, as well as a Schedule 14-C. The Form 8-K was completed; however, an amended 8-K is required to be filed with audited financials of FUNDever, Inc. through December 31, 2003. The audited financial statements of FUNDever, Inc. include the Technology 4 Kids and Schoolcash acquisitions, which were completed in 2003. In addition, a separate audit was required for Schoolpop, Inc (which was acquired by FUNDever, Inc. in 2003). LoyaltyPoint's Chief Financial Officer, Curtis Ramsey, stated, "It is highly unusual for a Company to have so many audits and filings to complete in such a short period of time. FUNDever's acquisition strategy in 2003 naturally complicated and delayed completion of the audit. There was a long list of items required to complete each audit required by the Form 8-K. In addition, we had to complete the audit of BarPoint.com, Inc. in order to file the Company's Form 10-KSB, which was filed in a timely manner on April 14th. Completion of the Form 10-QSB must await completion of the audit since the consolidated pro forma balance sheet is compiled from the audited December 31, 2003 balance sheet. Following the audit, the auditors must review the Form 10-QSB, which will encompass not only the operations of the three FUNDever 2003 acquisitions, but also the purchase of certain assets from National Scrip Center, Inc. ("NSC") on January 12, 2004. We estimate that approximately 95% of our first quarter revenue came from the NSC acquisition." Mr. Ramsey continued, "We are aggressively working to complete the significant amount of tasks associated with auditing four entities with four individual accounting firms, which has been a lengthy process. We now have a definitive path to filing both the Form 10-QSB and the amended Form 8-K, and do not anticipate any issues in completing either of the filings." For further information on the Company and its various acquisitions, please refer to the Company's recent Form 10-KSB, filed April 14, 2004. About LoyaltyPoint, Inc. LoyaltyPoint, Inc. is a holding company for merchant, school, and nonprofit loyalty marketing programs. The Company markets online, gift card, store, catalog, and event-based loyalty programs that generate contributions to schools, nonprofits and other organizations, based upon parent and supporter purchases. Our corporate headquarters is based in Atlanta, Georgia. Please visit us at http://www.loyaltypoint.com/. This press release contains "forward-looking statements," including statements regarding our estimated first quarter revenue and net loss and expected filing dates of SEC reports. Words such as "believe," "estimate," "project," "expect," "intend," "may," "anticipate," "plans," "seeks," and similar expressions identify forward-looking statements. These statements involve risks and uncertainties that could cause actual results to differ materially from the anticipated results, and undue reliance should not be placed on these statements. These risks and uncertainties include unanticipated delays in completing the audit such as receipt of third party confirmations and errors in compiling our results of operations. Contact: ROI Group Associates, Inc. Thomas Mikolasko, Phone: (212) 495-0200 ext. 16, Andrea Costa, Phone: (212) 495-0200 ext. 14, LoyaltyPoint Mickey Freeman, Phone: (770) 736-9383 ext. 103, DATASOURCE: LoyaltyPoint, Inc. CONTACT: Mickey Freeman, LoyaltyPoint, +1-770-736-9383 ext. 103, ; Thomas Mikolasko, +1-212-495-0200 ext. 16, , Andrea Costa, +1-212-495-0200, ext. 14, , both of ROI Group Associates, Inc., for LoyaltyPoint, Inc. Web site: http://www.loyaltypoint.com/

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