Prospectus Supplement filed under Rule 424(b)(3)
Registration No. 333-33422
SUPPLEMENT TO PROXY STATEMENT PROSPECTUS SUPPLEMENT
OF OF
MUSTANG.COM, INC. QUINTUS CORPORATION
The proxy statement/prospectus dated April 11, 2000 relating to a proposed
transaction pursuant to which a subsidiary of Quintus Corporation will merge
with Mustang.com, Inc. is hereby supplemented to include the following
information:
On April 19, 2000, Quintus announced its revenues for the fourth fiscal
quarter and fiscal year ended March 31, 2000. Revenues for the quarter were
$16.1 million, a 90% increase over revenues of $8.5 million in the fourth
quarter of fiscal year 1999. On a pro forma basis, excluding the impact of
acquisition- related charges and the amortization of deferred stock
compensation and adjusting for the inclusion of preferred shares prior to their
conversion to common stock, net loss from continuing operations for the quarter
was $2.0 million or $(.06) per share, compared to $172,000 or $(.01) per share,
for the same period in fiscal 1999.
For fiscal year 2000, Quintus' revenues were $51.7 million compared to
$30.3 million for the same period last year, an increase of 71%. Excluding the
impact of acquisition-related charges and the amortization of deferred stock
compensation and adjusting for the inclusion of preferred shares prior to their
conversion to common stock, net loss from continuing operations for the year
was $4.6 million or $(.18) per share, compared to $7.2 million or $(.38) per
share, for the same period in fiscal 1999.
For the fourth fiscal quarter, including acquisition-related charges and
the amortization of deferred stock compensation, Quintus' net loss from
continuing operations for the quarter was $5.4 million, or $(.17) per share,
compared to a net loss of $1.0 million or $(.31) per share for the same period
last year. For the year ended March 31, 2000 on the same basis, net loss from
continuing operations was $15.9 million or $(1.10) per share, compared to $10.6
million or $(3.73) per share for the same period in fiscal 1999.
Quintus also recently announced the appointment of Paul Bartlett as its
Chief Operating Officer and the appointment of Nancy Brumfield as its Chief
Marketing Officer. Mr. Bartlett will be responsible for Quintus' worldwide
sales, customer services and engineering activities. Ms. Brumfield will be
responsible
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for defining and implementing Quintus' marketing strategy. Quintus also
announced that John Burke, President, has left the company effective April 17,
2000.
On April 19, 2000, Mustang.com, Inc. announced its results for its first
quarter ended March 31, 2000. Mustang.com announced that its revenues had
increased 82% to $1,409,988 from $772,982 reported for the prior year period.
The net loss for the quarter was $244,525, or $(.04) per basic and diluted
share, as compared to the net income of $10,299, or $(.00) per basic and
diluted share, reported a year ago.
The date of this proxy statement/prospectus supplement is May 3, 2000.
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