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<SEC-DOCUMENT>0001015402-04-000641.txt : 20040224
<SEC-HEADER>0001015402-04-000641.hdr.sgml : 20040224
<ACCEPTANCE-DATETIME>20040223175919
ACCESSION NUMBER:		0001015402-04-000641
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040223
ITEM INFORMATION:		Financial statements and exhibits
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20040224

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			YP NET INC
		CENTRAL INDEX KEY:			0001045742
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
		IRS NUMBER:				850206668
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24217
		FILM NUMBER:		04623023

	BUSINESS ADDRESS:	
		STREET 1:		4840 E JASMINE ST
		STREET 2:		STE 110
		CITY:			MESA
		STATE:			AZ
		ZIP:			85020
		BUSINESS PHONE:		4806549646

	MAIL ADDRESS:	
		STREET 1:		4840 EAST JASMINE STREET
		STREET 2:		SUITE 105
		CITY:			MESA
		STATE:			AZ
		ZIP:			85020

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RIGL CORP
		DATE OF NAME CHANGE:	19980707

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RENAISSANCE INTERNATIONAL GROUP LTD
		DATE OF NAME CHANGE:	19980115
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>doc1.txt
<TEXT>

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549


                                    FORM 8-K


                                 CURRENT REPORT
   PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934


      Date of Report (Date of earliest reported event):  February 23, 2004
                                                         -----------------


                                  YP.NET, INC.
                                  ------------
               (Exact name of registrant as specified in charter)



              NEVADA                    000-24217            85-0206668
           ------------              ---------------      ----------------
    (State or other jurisdiction       (Commission         (IRS Employer
         of incorporation)             File Number)      Identification No.)



      4840 EAST JASMINE STREET, SUITE 105, MESA, ARIZONA          85205
   ------------------------------------------------------------------------
           (Address of principal executive offices)             (Zip Code)



       Registrant's telephone number, including area code:  (480) 654-9646
                                                            --------------



<PAGE>
ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS.

     (c)  Exhibits. The following documents are filed as exhibits to this
          report:

          99.1  Investor Fact Sheet

ITEM 9.  REGULATION FD DISCLOSURE (INFORMATION FURNISHED UNDER ITEM 12, "RESULTS
OF OPERATIONS AND FINANCIAL CONDITION").

     The information contained in this Current Report is intended to be
furnished under Item 12, "Results of Operations and Financial Condition," and is
provided under Item 9 pursuant to interim guidance issued by the Securities and
Exchange Commission in Release Nos. 33-8216 and 34-47583. As such, the
information hereunder shall not be deemed to be "filed" for the purposes of
Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), or otherwise subject to the liabilities of that section, nor shall it be
incorporated by reference into a filing under the Securities Act of 1933, as
amended, or the Exchange Act, except as shall be expressly set forth by specific
reference in such a filing.

     A copy of the investor fact sheet of YP.Net, Inc. is filed herewith as
Exhibit 99.1 and is incorporated herein by reference.



                                   SIGNATURES

     Pursuant  to  the  requirements of the Securities Exchange Act of 1934, the
registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned  hereunto  duly  authorized.

                                         YP.NET,  INC.


Date:  February  23,  2004               /s/  ANGELO  TULLO
                                         ------------------
                                         Angelo  Tullo,
                                         Chief  Executive  Officer




                                        2
<PAGE>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>doc2.txt
<TEXT>
                                                                    EXHIBIT 99.1

================================================================================
INVESTOR FACT SHEET                                                  OTCBB: YPNT
================================================================================


- --------------------------------------------------------------------------------

YP.COM

COMPANY PROFILE
- ---------------

YP.NET, INC. is a leading provider of Internet-based yellow page services. The
Company's web site contains listings for approximately 18 million businesses in
the United States. The Company's mission is to be the Internet yellow pages of
choice by offering its customers more content through proprietary technology and
partnerships.

The Company's primary source of revenue is its Internet Advertising Package that
includes a Mini-Webpage(TM) easily found through the preferred listings on the
YP.Com web site. This web site is available via desktop, laptop, PDA or cell
phone devices. Such Preferred Listings appear in a priority position with bolder
graphics and other useful features.

YP.NET, INC.'S principal goals are:

- -    To maintain our number one position in paying customer count in the
     Internet Yellow Page market.
- -    To continue to provide superior financial performance in such key areas as
     revenue and EPS growth, margins and return on shareholder's equity.
- -    To increase exposure of the Company's business model and financial
     performance.
- -    To obtain a broader shareholder base and a fair market valuation for our
     common stock.

The remainder of this Fact Sheet elaborates further on this profile.

- --------------------------------------------------------------------------------

                          America's Online Yellow Pages
- --------------------------------------------------------------------------------

YP.NET INC. INVESTMENT INCENTIVES
- ---------------------------------

FISCAL 2003

- -    Revenue growth of 144% from the previous year with a 125% increase in
     customer count
- -    Operating income growth of 227%
- -    Net income growth of 114%
- -    EPS growth of 100%
- -    Operating margin improvement to 30% from 22%
- -    A return on average stockholders equity of 60%
- -    Net income margin of 26%
- -    A high level of working capital
- -    Negligible debt
- -    Operating cash flow that has quadrupled


FIRST QUARTER FISCAL 2004

- -    Revenue growth of 152% from the comparable quarter of the previous year
     with an 84% increase in customer count
- -    Operating income growth of 166%
- -    Net income growth of 200%
- -    EPS growth of 250%
- -    Operating margin improvement to 34% from 32%
- -    Net income margin of 24% up from 20%
- -    Operating cash flow up 24%
- -    A return on average stockholders equity of 64%
- -    Working capital that has more than doubled
- -    Negligible debt


ATTRACTIVE INVESTMENT CHARACTERISTICS
- -------------------------------------

- -    A leading position in the fast growing Internet Services industry
- -    A recurring revenue stream
- -    A high growth/high margin/high ROI business model with pricing power
- -    A price to earnings multiple which is below market averages
- -    An extremely low P/E to growth (PEG) ratio
- -    A market capitalization which has quickly grown to over $150 million
- -    Increasing share in a large potential market
- -    A dividend of $0.01 per quarter


- --------------------------------------------------------------------------------


KEY INVESTOR FACTS
- ------------------

- -    Traded on the OTCBB Market under the symbol YPNT
- -    Shares outstanding 48.8 million on 02/10/2004
- -    YPNT stock price has outperformed all indices through 2003
- -    Fifty two week stock price range $0.14 - $4.69 per share
- -    Market capitalization of over $150 million
- -    Average 50 day volume approximately 600 thousand shares



INVESTOR CONTACT
- ----------------

Roger H. Bedier                         Phone: 480.325.4339
4840 E. Jasmine Street, Suite 105       Fax: 480.654.9729
Mesa, AZ 85205                          Email: rogerb@ypcorp.com


Date Revised: 02/12/2004


<PAGE>
================================================================================
INVESTOR FACT SHEET
================================================================================

- --------------------------------------------------------------------------------

INITIATIVES / MILESTONES
- ------------------------

JANUARY 2004
- -    Launched m.YP.Com yellow page portal for mobile users to access the
     Company's listings on Palm, PDA's and cell phones

DECEMBER 2003
- -    Reached a level of 283,000 in activated customer count and 253,000 in
     paying customer count, which we believe makes us the market leader in the
     industry

OCTOBER 2003
- -    Signed an agreement with go2 Directory Systems to display the Company's
     yellow page listings in their online and wireless distribution networks

- -    Executed an exclusive agreement with SurfNet Media Group to utilize their
     patented technology for online streaming media

JULY 2003
- -    Obtained the exclusive use of the YP.Com domain name

MAY 2003
- -    Entered into an agreement with Switchboard, Incorporated to display the
     Company's yellow page listings in their distribution network

- -    Entered into an agreement with Palm that allows Palm users to search
     YP.Net, Inc.'s Internet yellow pages

APRIL 2003
- -    Introduced "Click2Call", an automated dialing feature which enables users
     to contact its customers for free from their web browser

- --------------------------------------------------------------------------------


THE HIGH GROWTH INTERNET YELLOW PAGES INDUSTRY
- ----------------------------------------------

An increasingly mobile and computer sophisticated population is accessing the
yellow pages by way of the Internet at a sharply increasing rate. According to
                                                                  ------------
the Kelsey Group, an independent market research firm, Approximately 30% of
- ---------------------------------------------------------------------------
inquiries were conducted via digital/interactive means in 2002 compared with 15%
- --------------------------------------------------------------------------------
in 2001 and 9% in 2000.
- -----------------------


INTERNET USAGE PROVIDES THE FOLLOWING MAJOR ADVANTAGES OVER THE PRINTED YELLOW
PAGES:

- -    More current and extensive listing information.
- -    Quick access to business listings across the nation from any location.
- -    Fast and easy searching via desktop computer, laptop computer, personal
     digital assistant (PDA) and, most recently, cellular phone.


ADVANTAGES OF AN INTERNET YELLOW PAGE LISTING TO THE BUSINESS ADVERTISERS ARE:

- -    Lower cost for a given level of content.
- -    Flexibility to change the content of the listing at any time.
- -    The service benefits described below.


According to the Kelsey Group, total offline and online advertising revenues are
expected to grow at an annual rate of seven percent and reach an estimated $21.3
billion by 2008. However, the report estimates the online and wireless directory
                 ---------------------------------------------------------------
segment of this market will grow at an annual rate of 59% from $0.5 billion in
- ------------------------------------------------------------------------------
2003 to $5.2 billion by 2008 and increase its share of the overall advertising
- ------------------------------------------------------------------------------
market from 3% to 25%.
- ----------------------

Within this growth environment YP.Net is distinguished by the following factors
which have made it the market leader in customer count:

- --------------------------------------------------------------------------------

SERVICE BENEFITS
- ----------------

YP.NET'S INTERNET ADVERTISING PACKAGE INCLUDES:

- -    A Mini-Webpage(TM) with a business description detailed enough to allow
     buying decisions while concise enough to be displayed on hand-held devices
- -    A high priority listing with bold graphics and search reference
- -    Door to door mapping services
- -    A free phone call feature from the user to the business
- -    Free links to the customer's email and web site
- -    Information made available to anyone in the world

COMPETITIVE ADVANTAGES
- ----------------------

THE PRINCIPAL COMPETITIVE ADVANTAGES OF YP.NET ARE:

- -    An effective but low cost marketing program through its use of direct mail
     and incentives for targeted customers
- -    Customer account payment through local telephone billing, credit card or
     direct bank debit.
- -    A corporate name and logo that is easily recognized by the yellow page
     searcher
- -    Marketing relationships with partners such as Overture, Switchboard, My
     Area Guide, and go2 generating almost 170 million page views per month

- --------------------------------------------------------------------------------


<PAGE>
================================================================================
                                                                     OTCBB: YPNT
================================================================================


          YPNT BUSINESS MODEL CONTINUES TO PROVIDE OUTSTANDING FINANCIAL
          --------------------------------------------------------------
               PERFORMANCETHROUGH THE FIRST QUARTER OF FISCAL 2004
               ---------------------------------------------------

- ------------------------------------------  ------------------------------------
      Paying Customer Count (up 84%)         Cash Flow from Operation (up 300%)
                                                   Year/Year (up 300%) and
                                                      Qtr/Qtr (up 24%)

            [GRAPHIC OMITTED]                        [GRAPHIC OMITTED]


- ------------------------------------------  ------------------------------------

- ------------------------------------------  ------------------------------------
                Revenues                     Improving Operating Income Margins
         Year/Year (up 144%) and
            Qtr/Qtr (up 152%)

            [GRAPHIC OMITTED]                        [GRAPHIC OMITTED]


- ------------------------------------------  ------------------------------------

- ------------------------------------------  ------------------------------------
             Operating Income                           Total Assets
         Year/Year (up 227%) and                   Year/Year (up 109%) and
            Qtr/Qtr (up 166%)                         Qtr/Qtr (up 144%)

            [GRAPHIC OMITTED]                        [GRAPHIC OMITTED]


- ------------------------------------------  ------------------------------------

- ------------------------------------------  ------------------------------------
            Net Income and EPS                   Stockholder Equity (up 131%)
       Year/Year (up 114% and (100%)                Market Cap (up 3900%)
          Qtr/Qtr (up 200 and 250%)

            [GRAPHIC OMITTED]                        [GRAPHIC OMITTED]


- ------------------------------------------  ------------------------------------


<PAGE>
================================================================================
INVESTOR FACT SHEET                                                  OTCBB: YPNT
================================================================================


               YPNT VALUATION IS MODEST DESPITE PRICE APPRECIATION
               ---------------------------------------------------

- ------------------------------------------  ------------------------------------
YPNT Stock Price Has Sharply Outperformed      YPNT has Outperformed its Peer
All Indices Including Dow Jones Internet              Group in Price
                Services

            [GRAPHIC OMITTED]                        [GRAPHIC OMITTED]


- ------------------------------------------  ------------------------------------

- ------------------------------------------  ------------------------------------
In Spite of Rapid EPS Growth YPNT Price /       YPNT's Price/Earning Ratio is
   Earnings Ratio is Modest Compared to      Substantially Under its Peer Group
              Major Indices

            [GRAPHIC OMITTED]                        [GRAPHIC OMITTED]


- ------------------------------------------  ------------------------------------

(1)  PEER GROUP: SWBD- Switchboard, Inc. - FWHT- FindWhat.com - ASKJ- Ask
     Jeeves, Inc. - INSP- InfoSpace, Inc.


DISCLAIMER
- ----------

This fact sheet contains statements that are forward-looking as that term is
defined by the United States Private Securities Litigation Reform Act of 1995.
These statements are based on current expectations that are subject to risks and
uncertainties.

Actual results may differ from such statements due to numerous factors including
those described in YP.Net's registration statements and periodic reports files
with the Securities and Exchange Commission.


WEB SITE ADDRESS
- ----------------

Users can access our web site and yellow page directory through the following
most commonly used domain names:

- -    www.yp.com
- -    www.yp.net
- -    www.yellow-page.net


INVESTOR CONTACT
- ----------------

Roger H. Bedier                     Phone: 480.325.4339
4840 E. Jasmine Street, Suite 105   Fax: 480.654.9729                     YP.COM
Mesa, AZ 85205                      Email: rogerb@ypcorp.com



<PAGE>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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