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  PlanetLink Communications Announces Increase in Revenues Updates Guidance on Revenue Growth
Wednesday December 4, 2:50 pm ET

ATLANTA, Dec. 4 /PRNewswire-FirstCall/ -- PlanetLink Communications (OTC Bulletin Board: PLKC - News) announced today that for the nine-month period ended September 30, 2002, its revenues increased by 102% to $850,000, compared to revenues of $419,000 for the comparable period last year. The increase in revenue was primarily attributable to accelerated sales of EchoStar DISH Network satellite TV systems at PlanetLink's retail locations.

"Sales of Satellite TV systems have remained strong in our stores in 2002, despite many contrary economic indicators," said M. Dewey Bain, president of PlanetLink Communications. "We are looking for continued revenue growth in 2003 from the opening of five new PlanetLink stores in rapidly growing Southeastern markets. In addition, we look for additional sales growth after the launch of our retail store franchise program on a national basis in 2003."

For the nine months ended September 30, 2002, the company reported a net loss of $672,000, or ($0.15) per share, compared to a net loss of $248,000, or ($0.07) per share for the comparable period last year. The increase in net loss was primarily due to the increase in operating expenses related to the company's expansion plan.

PlanetLink issued the following guidance for the remainder of 2002 and the full year 2003. This guidance is based on current demand for satellite entertainment systems and the company's planned growth of its chain of retail stores. For the year ending December 31, 2002, the company is targeting revenues of $1.25 million with a net loss of approximately $800,000, or ($0.18) per fully diluted share. For the full year ending December 31, 2003 the company expects revenue of approximately $3.0 million and anticipates being cash flow positive by the end of the fourth quarter 2003.

PlanetLink Communications, Inc. provides satellite enabled technology products to the consumer, such as Dish Network (satellite television) Starband (High Speed Internet) and GPS personal tracking devices. By the first quarter of 2003, PlanetLink will expand its franchise operation into Macon, Ga.; Nashville, Tenn.; Birmingham, Ala.; Charlotte, N.C.; and Greenville, S.C. Eventually, PlanetLink retail stores will be located throughout the entire United States. 

The information contained in this press release includes forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's status as a startup company with uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein. Factors that could cause or contribute to such differences are discussed more fully in the "Risk Factors," "Management's Discussion and Analysis or Plan of Operation" and other sections of the Company's Form 10-KSB and other publicly available information regarding the Company on file with the Securities and Exchange Commission. The Company will provide you with copies of this information upon request.