checkit tauch auf was ist mit crfh? o.T.

     from related parties               --              --            --
    Other Hosting services          41,914          10,641           100
    System Development services
     and other                      45,531           6,405            61
      Total revenues               291,532       2,198,988        20,718

   Cost of revenues:
    Hitmail and related services   113,106         654,375         6,165
    Other Hosting services          11,710           3,343            32
    System Development services
     and other                      39,746           4,747            45
      Total cost of revenues       164,562         662,465         6,242

   Gross profit                    126,970       1,536,523        14,476

   Operating expenses:
    Service fee to related parties  88,358       1,069,156        10,073
    Sales promotion expenses to
     related parties                    --          65,811           620
    Selling, general and
     administrative                 91,146         452,713         4,265
    Research and development           217         113,198         1,067
      Total operating expenses     179,721       1,700,878        16,025

   Loss from Operations           (52,751)       (164,355)       (1,549)
   Interest income (expense), net     (75)           7,605            72
   Foreign exchange gain
    (loss), net                      (672)           4,885            46
   Loss on disposal of fixed assets     --             (7)           (0)
   Other expense, net                 (72)         (3,918)          (37)
   Loss before provisions
    for income  taxes             (53,570)       (155,790)       (1,468)
   Provisions for  income taxes        247             950             9
   Net loss                       (53,817)       (156,740)       (1,477)
   Net loss per share -
    basic and diluted           (7,793.92)     (15,404.47)      (145.13)
   Shares used in per share
    calculation - basic and
    diluted                          6,905          10,175        10,175


                                           Nine Months Ended June 30,
                                      1999            2000          2000
                                       JPY             JPY           USD
   Revenues:
    Hitmail and related services   301,314       4,554,103        42,906
    Hitmail and related services
     from related parties               --          11,540           109
    Other Hosting services         108,496          52,424           494
    System Development services
     and other                     121,384          28,592           269
      Total revenues               531,194       4,646,659        43,778

   Cost of revenues:
    Hitmail and related services   197,320       1,585,035        14,933
    Other Hosting services          25,023          26,545           250
    System Development services
     and other                      91,089          26,601           251
      Total cost of revenues       313,432       1,638,181        15,434

   Gross profit                    217,762       3,008,478        28,344
   Operating expenses:
    Service fee to
     related parties               132,555       2,232,798        21,036
    Sales promotion expenses to
     related parties                    --         204,209         1,924
    Selling, general and
     administrative                202,187       1,141,982        10,759
    Research and development           217         745,862         7,027
      Total operating expenses     334,959       4,324,851        40,746

   Loss from  Operations         (117,197)     (1,316,373)      (12,402)
   Interest income
    (expense), net                 (1,134)           6,623            63
   Foreign exchange gain
    (loss), net                    (1,327)           7,644            72
   Loss on disposal
    of fixed assets                     --         (6,347)          (60)
   Other expense, net              (1,421)         (4,533)          (43)
   Loss before provisions
    for income taxes             (121,079)     (1,312,986)      (12,370)
   Provisions for income taxes       1,058           2,850            27

   Net loss                      (122,137)     (1,315,836)      (12,397)

   Net loss per share -
    basic and  diluted         (33,099.39)    (144,979.74)    (1,365.93)
   Shares used in per share
    calculation - basic and
    diluted                          3,690           9,076         9,076

                             CRAYFISH CO., LTD.
                          CONDENSED BALANCE SHEETS
                               (in thousands)

                             September 30,        June 30,      June 30,
                                      1999            2000          2000
                                       JPY             JPY           USD
   ASSETS                                      (Unaudited)   (Unaudited)

   Current assets:
    Cash and cash equivalents    4,179,770      22,136,961       208,564
    Restricted cash              1,725,000         200,000         1,884
    Accounts Receivable, net        35,417          24,956           235
    Accounts Receivable due
     from related parties            8,950              --            --
    Investments-available for sale      --       1,001,460         9,435
    Payment in advance                  --       1,472,246        13,871
    Prepaid expenses and
     other current assets           68,174         348,255         3,281
      Total Current Assets       6,017,311      25,183,878       237,270

   Investments                      31,900          31,900           301
   Property and equipment, net      52,356         333,630         3,144
   Deposits                        141,611         232,687         2,192
   Restricted cash                  37,500              --            --
   Other assets                      1,745           2,597            24
      Total Assets               6,282,423      25,784,692       242,931

   LIABILITIES AND
   SHAREHOLDERS' EQUITY

   Current liabilities:
    Current portion of
     long-term debt              1,728,358           1,903            18
    Account payable                219,453         331,882         3,127
    Account payable due to
     related parties                42,053          85,874           809
    Accrued liabilities            100,332         101,688           958
      Total current
       liabilities               2,090,196         521,347         4,912
   Long-term debt                   49,978          42,002           396
   Common stock                  2,321,375       8,043,575        75,783
   Additional paid-in capital    2,510,515      19,036,670       179,354
   Accumulated deficit           (376,814)     (1,692,650)      (15,948)
   Legal Reserve                       180             180             2
   Deferred stock compensation   (313,007)       (166,432)       (1,568)
      Total shareholders'
       equity                    4,142,249      25,221,343       237,623
      Total liabilities and
       shareholders' equity      6,282,423      25,784,692       242,931

                             CRAYFISH CO., LTD.
                     CONDENSED STATEMENTS OF CASH FLOWS
                               (in thousands)

                                        Nine Months Ended June 30,
                                      1999            2000          2000
                                       JPY             JPY           USD
                               (Unaudited)     (Unaudited)   (Unaudited)
   Cash flows from
   operating activities:
   Net loss                      (122,137)     (1,315,836)      (12,397)
   Adjustments to reconcile
    net loss to net cash used
    in operating activities:
     Amortization of deferred
      compensation                      --         106,325         1,002
     Depreciation and
      amortization                  10,816          61,819           582
     Reverse of allowance for
      doubtful accounts            (4,529)           (171)           (2)
     Loss on disposal of
      fixed assets                      --           6,346            60
     Changes in operating assets
      and liabilities:
       Accounts receivable          25,317          22,402           211
       Prepaid expenses and
        other current assets      (49,616)       (282,027)       (2,657)
       Payment in advance               --     (1,472,246)      (13,871)
       Accounts payable             49,227         156,251         1,472
       Accrued liabilities          18,757           1,356            13
     Other                           (759)         (3,187)          (30)
       Net cash used in
        operating activities      (72,924)     (2,718,968)      (25,617)

   Cash flows from
   investing activities:
   Purchase of investments
    - available for sale                --     (3,298,321)      (31,075)
   Proceeds from maturities of
    investments - available for sale    --       2,298,321        21,654
   Acquisition of property
    and equipment                 (17,762)       (347,581)       (3,275)
   Deposits                        (6,872)        (91,076)         (858)
       Net cash used in
        investing activities      (24,634)     (1,438,657)      (13,554)

   Cash flows from
   financing activities:
   Change in short-term
    borrowings                     (2,000)              --            --
   Proceeds from issuance of
    common stock                   747,728      22,288,605       209,992
   Repayment of long-term debt    (22,831)              --            --
   Redemption of long-term bonds  (72,000)     (1,725,000)      (16,252)
   Principal payments on
    capital leases                 (1,600)        (11,289)         (106)
   Proceeds from issuance of stock
    options/warrants exercised     174,500              --            --
   Change in restricted cash            --       1,562,500        14,721
   Net cash provided by
    financing activities           823,797      22,114,816       208,355

   Net increase in cash and
    cash equivalents               726,239      17,957,191       169,184

   Cash and cash equivalents at
    beginning of period            111,702       4,179,770        39,380

   Cash and cash equivalents at
    end of period                  837,941      22,136,961       208,564

   Supplemental Cash Flows Information:
    Non-cash transactions:
     Capitalized lease obligations
      incurred                      13,189           1,618            15

   CRAYFISH CO., LTD
   NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

1. Basis of presentation

The Company maintains its records and prepares its financial statements in accordance with generally accepted accounting principles in Japan. Certain adjustments and reclassifications, including those relating to the recognition of deferred income taxes resulting from temporary differences and net operating loss carry-forward and related valuation allowance, stock compensation expenses, accounting for leases and accrual of certain expenses, have been incorporated in the accompanying financial statements to conform with generally accepted accounting principles in the United States of America ("U.S. GAAP"). These adjustments were not recorded in the statutory accounts.

Accounts denominated in foreign currencies have been remeasured into Japanese yen, the Company's functional currency. Foreign currency gains and losses from remeasurement, which have been insignificant, are included in the statements of operations.

In the opinion of management, the accompanying unaudited condensed financial statements contain all material adjustments (consisting of only normal, recurring adjustments) necessary to present fairly the financial position of the Company as of June 30, 2000, its results of operations for the three and nine months ended June 30, 2000 and June 30, 1999, and cash flows for the nine months ended June 30, 2000 and June 30, 1999. The results of operations for the three months and the nine months ended June 30, 2000 may not be indicative of the results operation that can be expected for the full fiscal year. The notes to the unaudited condensed financial statements should be read in conjunction with these condensed financial statements. The balance sheet at September 30, 1999 was derived from audited financial statements; however, it does not include all disclosures required by U.S. GAAP.

2. U.S. dollars amounts

U.S. dollar amounts presented in the accompanying financial statements are included solely for the convenience of the reader. These translations should not be construed as presentations that the Japanese yen amounts actually represent, or have been or could be converted into U.S. dollars. As the amounts shown in U.S. dollars are for convenience only, the approximate current rate at June 30, 2000(106.14 yen = U.S.$1) has been used for the purpose of presentation of U.S. dollar amounts in accompanying financial statements.

3. Computation of net loss per share

Net loss per share is calculated in accordance with Statement of Financial Accounting Standards ("SFAS") No. 128, "Earning per Share" and Securities and Exchange Commission ("SEC") Staff Accounting Bulletin No. 98 ("SAB 98"). Under the provisions of SFAS No. 128 and SAB 98, basic net loss per share is computed by dividing the net loss available common shareholders for period by the weighted average number of common shares outstanding during the period. Diluted net loss per share is computed by dividing the net loss for the period by the weighted average number of common and potential common shares outstanding during the period if their effect is dilutive.

4. Segment information

The Company's reportable segments are strategic business units that offer different services. They are managed separately because each business requires different technology and marketing strategies. The Company's three reportable segments are Hitmail, Other Hosting services, and System Development services and other, as reviewed by the Company's management. Common assets are used by all product segments and the management does not review this information separately. All of the Company's long-lived assets are located in Japan. The key segment information for the three months and the nine months ended June 30,1999 and 2000 were as follows (in thousands):

   For the three months ended June 30, 1999 and 2000

                                        System Development
                           Other Hosting     Service
                Hitmail       Service      and other    Corporate    Total

   Revenues:
    1999       Y 204,087     Y 41,914     Y 45,531         Y --   Y 291,532
    2000       2,181,942       10,641        6,405           --   2,198,988
    2000         $20,557         $100          $61          $--     $20,718

   Operating
   profit (loss):
    1999    Y (6,329)      Y 29,850    Y (3,308)   Y (72,964)    Y (52,751)
    2000      333,596     (125,410)           46    (372,587)     (164,355)
    2000       $3,143      $(1,182)           $0     $(3,510)      $(1,549)

   For the nine months ended June 30, 1999 and 2000

                                     System Development
                         Other Hosting    Service
              Hitmail       Service      and other      Corporate    Total

   Revenues:
    1999    Y 301,314     Y 108,496    Y 121,384         Y --     Y 531,194
    2000    4,565,643        52,424       28,593           --     4,646,660
    2000      $43,015          $494         $269          $--       $43,778

   Operating
   profit (loss):
    1999   Y (40,227)      Y 82,739      Y 5,217  Y (164,926)   Y (117,197)
    2000          762     (347,431)      (5,243)    (964,461)   (1,316,373)
    2000           $7      $(3,273)        $(49)     $(9,087)     $(12,402)

SOURCE Crayfish Co. Ltd.

CONTACT:          Japan - Naoko Tomita, Chief Financial Officer of Crayfish Co.,
                 Ltd., 813-5324-6784, ir@crayfish.co.jp; or United States - Investor Relations,
                 Mami Ogawa of Thomson Financial Investor Relations, 212-701-1824, or
                 mami.ogawa@thomsonir.com, for Crayfish Co. Ltd.
                 /END FIRST AND FINAL
                 (CRFH)

Checky gelesen. So lange kann man doch gar nicht Urlaub machen!
Oder hat er uns den Rücken gekehrt, will ich doch nicht hoffen!

Checkkkkyyyyy, wo bist du? Haaaalllloooo????

AUF GEHT`S  :-)  

Wollen wir es nicht hoffen. Doch er war ziemlich Fett in CRFH investiert, so hat er es zumal geschrieben. Suchen kann man derzeit bei Ariva nicht.