clickNsettle.com Reports Third Quarter and Nine Month Results; Net Loss per Share of $0.03 for the Third Quarter of Fiscal 2004

clickNsettle.com Reports Third Quarter and Nine Month Results;
Net Loss per Share of $0.03 for the Third Quarter of Fiscal 2004 versus Net
Loss per Share of $0.03 a Year Ago 


GREAT NECK, N.Y., May 14  /PRNewswire-FirstCall/ -- clickNsettle.com, Inc. 
(BULLETIN BOARD: CLIK) , a global provider of innovative dispute resolution
solutions, today announced its revenues and results for the third fiscal
quarter and nine months ended March 31, 2004.  Revenues for the third quarter
of fiscal 2004 decreased to $809,868 from  $858,934 for the third quarter of
fiscal 2003. Net loss was ($212,102) for the third quarter of fiscal year 2004
versus ($213,025) for the prior year quarterly period. Net loss per share was
($0.03) for both quarterly periods.

Revenues for the first nine months of fiscal 2004 decreased to $2,724,722 from
$2,814,132 for the first nine months of fiscal 2003. The results for the first
nine months of last year included non-recurring revenue of approximately
$50,800. Net loss was ($562,458) for the first nine months of fiscal year 2004
versus ($536,729) for the prior year comparable period. Net loss per share was
($0.07) for the first nine months of fiscal year 2004 versus ($0.06) for the
same period in the prior year.

About clickNsettle.com

Headquartered in Great Neck, New York, clickNsettle.com, Inc. provides
innovative and highly effective dispute resolution services and solutions to
entities that seek alternatives to the traditional and often time-consuming and
expensive legal process.  clickNsettle.com, the parent company of National
Arbitration and Mediation (NAM), offers a comprehensive selection of some of
the finest lawyers globally, with more than 1,700 top-tier former judges and
attorneys worldwide. Additionally, the company has a number of inventions
designed to enhance transparency and ensure the integrity of ADR (alternative
dispute resolution) initiatives. Although the dispute resolution industry is
still relatively young, clickNsettle.com has been recognized nationally as a
leader in the field and the NAM brand name is well established within the legal
and business communities.

The statements contained in the release contain forward-looking statements
relating to such matters as anticipated financial performance, business
prospects, and similar matters. The Private Securities Litigation Reform Act of
1995 provides a safe harbor for forward-looking statements. In order to comply
with the terms of the safe harbor, the Company notes that a variety of factors
could cause the Company's actual results to differ materially from the
anticipated results or other expenditures expressed in the Company's forward-
looking statements. These factors include changes in the insurance and legal
industries; the Company's inability to retain current or new hearing officers;
changes in the public court system; and the degree and timing of the market's
acceptance of its arbitration and mediation programs and electronic oversight
applications.

                 clickNsettle.com, Inc. and Subsidiaries
            CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

                                Three months ended     Nine months ended
                                     March 31,               March 31,
                                  2004       2003        2004        2003

  Net revenues                  $809,868   $858,934  $2,724,722  $2,814,132

  Operating costs and expenses
    Cost of services             179,311    194,869     623,594     653,398
    Sales and marketing
     expenses                    323,253    254,547     971,916     842,077
    General and administrative
     expenses                    511,570    626,889   1,745,749   1,866,694

                               1,014,134  1,076,305   3,341,259   3,362,169

      Loss from operations      (204,266)  (217,371)   (616,537)   (548,037)

  Other (expenses) income
    Investment (loss) income      (8,423)       579      52,056       4,058
    Other income                     587      3,767       2,023       7,250

                                  (7,836)     4,346      54,079      11,308

      Loss before income taxes  (212,102)  (213,025)   (562,458)   (536,729)

  Income taxes                         -          -           -           -

      NET LOSS                 $(212,102) $(213,025)  $(562,458)  $(536,729)

  Net loss per common share -
   basic and diluted              $(0.03)    $(0.03)     $(0.07)     $(0.06)

  Weighted-average shares
   outstanding - basic and
   diluted                     8,449,056  8,449,056   8,449,056   8,449,056


DATASOURCE: clickNsettle.com, Inc.



CONTACT:  Pat Giuliani-Rheaume of clickNsettle.com, Inc.,

[phone]



Web site:  http://www.clicknsettle.com/ 

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