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JUM : Continues Impressive Growth - Up 49%

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    * MID QUARTER PROGRESS - 49% INCREASE IN TURNOVER OVER THE PREVIOUS QUARTER

    Dear Jumbowatch Subscriber,

    The following announcement was made to the stock exchange on May 21, 2002.

    - Mid Quarter Progress - 49% Increase in turnover over the previous quarter
    Full Announcement: http://www.jumbocorporation.com/press/docs/20020521.html

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    As previously announced on the 10th April 2002, the turnover for the 3 months to the end of March 2002 was $2.94 million which resulted in a positive operating cashflow of $18,000.

    Directors of Jumbo Corp are pleased to announce that at the midpoint of the current quarter (15 May 2002), a 49% increase in turnover has been recorded over the previous quarter. The following table demonstrates the growth trend.


    Jan 02 Feb 02 Mar 02 Apr 02 1 to 15 May 02 (half month only)
    Gross Turnover $921,000 $1,035,000 $988,000 $1,378,000 $814,000


    "The turnover has now sufficient critical mass to continue to generate postive operating cashflow for the company", said Mr Mike Veverka, CEO of Jumbo Corp. "The focus for the company is to continue improving the online promotions that are driving the growth".

    Jumbo Corporation derives revenues from the sale of goods and services online using the Jumbo secure online payments system. Sales are made on behalf of other merchants as well as direct by Jumbo. The gross turnover figure represents the total sales made by both Jumbo and the merchants from which Jumbo is paid a percentage.

    The various websites that Jumbo uses to promote its range of products include the following:


    - Jumbomall.com
    - Rocketfuel.com
    - Dealerdan.com.au



    For further enquiries,
    please contact:
    Mike Veverka MANAGING DIRECTOR
    PH: (07) 3831 3705
    Fax: (07) 3831 9720
    Email: [email protected]


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    For a full list of available announcement transcripts please visit: http://www.jumbocorporation.com/press

    Be sure to visit the Jumbo Corporation Web Site at: http://www.jumbocorporation.com

    For further enquiries, please contact:
    Mike Veverka, CEO
    Ph: (07) 3831 3705
    Fx: (07) 3831 9720
    Email: [email protected]
    Web: www.jumbocorporation.com
 
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