Third Millennium Telecommunications, Inc. Revenues Up 90%
PISCATAWAY, N.J., Dec 20, 2001 (BUSINESS WIRE) -- Third Millennium Telecommunications, Inc. (OTCBB:TMTM), reported third-quarter revenue ending September 30, 2001 of $3,119,102 compared with $1,641,972 in the same period last year, a 90 percent increase.
The Company, a leading marketer of wireless products and services, also reported turning a profit in the third-quarter with net income of $112,000 versus a net loss of -$17,681 for the same period last year.
"We are very impressed with our results," commented Mike Galkin, President of Third Millennium, "especially in light of recent economic conditions".
Mr. Galkin attributed the increase in revenues to a successful launching of the Company's e-commerce site this year and expects continued success. "Our Internet based operations demonstrate the scalability and profitability of our operations".
Third Millennium, founded in 1997, is a Master Agent for the sale of wireless telecommunications devices and services for MCI Worldcom, AT&T Wireless and Globalstar U.S.A. Its products and services are marketed by over 250 dealers and online Affiliates nationwide.
CONTACT: Third Millennium Telecommunications, Inc., Piscataway
Mike Galkin, 732/465-1500
Mike@tmt2000.com
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KEYWORD: NEW JERSEY
INDUSTRY KEYWORD: E-COMMERCE
INTERNET
TELECOMMUNICATIONS
EARNINGS
SOURCE:
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Millennium
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