Profitable CGNW .27.News out ten minutes ago.It will probably see the .50s in several months IMO.(PR NEWSWIRE) Cognigen Networks, Inc. Announces New Marketing Initiatives and P
rsonnel Shifts
Cognigen Networks, Inc. Announces New Marketing Initiatives and Personnel Shifts
Mr. Smith continued, "In the past six weeks Cognigen has introduced three
new service products that are producing remarkable results for our agents. Z-
Tel bundled local and long distance service, The Neighborhood by MCI and Dish
Network via VMC Satellite have created significant demand in the Cognigen
marketplace. These offerings have been well-received by our agents and
customers, and sales of all three have been brisk and encouraging. With these
new additions to our attractive suite of service products, we are positioned
to regain revenue growth."
SEATTLE, April 13 /PRNewswire-FirstCall/ -- Cognigen Networks, Inc.
(OTC Bulletin Board: CGNW), the Seattle based Internet-enabled marketer of
communications services, reseller and facilities based carrier, today
announced executive personnel changes and the successful introduction of three
new telecommunication services.
Thomas S. Smith, Cognigen's president and CEO, disclosed that David L.
Jackson, who had served the Company since September of 1999, has been replaced
as secretary and is no longer the senior vice president for corporate and
public affairs. Mr. Jackson has been on medical leave and in convalescence
since January of this year. He will continue to serve as a member of
Cognigen's board of directors. Gary Cook was appointed corporate secretary in
addition to his duties as senior vice president, treasurer and CFO. Speaking
for Cognigen's board of directors, Mr. Smith expressed his deep appreciation
for Mr. Jackson's tireless work and dedication, "Dave Jackson was instrumental
in transforming Cognigen into a publicly traded company, and in guiding
Cognigen through its early development. He has been a consistent protector of
and advocate for the shareholders of this Company. His continued service as a
member of our board of directors provides both perspective and steadfast
vigilance for our investors."
Mr. Smith also announced the appointment of Michael Harper as corporate
controller. Mr. Harper has been employed by Cognigen since August 1999, and
had been chief accountant at Cognigen's Seattle headquarters. He received a
BA in Latin from the University of Minnesota, taught English in Japan and
recently received an MBA from the University of Seattle. Mr. Harper has
successfully passed the Washington State Board of Accountancy certified public
accountant examinations.
Mr. Smith continued, "In the past six weeks Cognigen has introduced three
new service products that are producing remarkable results for our agents. Z-
Tel bundled local and long distance service, The Neighborhood by MCI and Dish
Network via VMC Satellite have created significant demand in the Cognigen
marketplace. These offerings have been well-received by our agents and
customers, and sales of all three have been brisk and encouraging. With these
new additions to our attractive suite of service products, we are positioned
to regain revenue growth."
About Cognigen
Cognigen Networks, Inc., based in Seattle, Washington, offers a wide range
of telecommunication services and related technology products via its Web
site, cognigen.com. Cognigen's robust marketing engine harnesses
distribution channels featuring a prominent Internet presence, a network of
independent agents and several affiliate groups, each having their own
customized Web site. Cognigen's agent initiated sales as well as those
generated directly off its main website are fulfilled via proprietary software
utilizing the Internet. Cognigen resells the services of industry leaders
such as AT&T Wireless, Sprint, Verizon, Z-Tel, MCI, Global Crossing, and Talk
America. Cognigen operates a wholly owned subsidiary, Cognigen Switching
Technologies (CST), based in San Luis Obispo, California, and Cognigen Resale
Division (CRD), based in Seattle. CST is an FCC licensed international and
interstate facilities based carrier. Cognigen is a licensed reseller or
applicant for certification of long distance telephone service in a number of
states. CST is licensed as a CLEC in 3 states. Since September of 1999,
Cognigen has sold, on behalf of its vendors and for its own account, services
and products to approximately 770,000 customers worldwide.
The information herein contains forward-looking statements, including,
without limitation, statements relating to Cognigen Networks, Inc. and its
wholly owned subsidiary, Cognigen Switching Technologies, Inc. Although the
Company believes that the expectations reflected in the forward-looking
statements are reasonable, no assurance can be given that such expectations
will prove to be correct. The forward-looking statements involve risks and
uncertainties that affect the Company's business, financial condition and
results of operations, including without limitation, the Company's possible
inability to obtain additional financing, lack of agent growth, the possible
loss of key personnel, rate changes, fee policy or application changes,
technological changes and increased competition. Many of these risks are
beyond the Company's control. The Company is not entitled to rely on the safe
harbor provisions of Section 27A of the Securities Act of 1933, as amended, or
Section 2lE of the Securities Exchange Act of 1934, as amended, when making
forward-looking statements.
SOURCE Cognigen Networks, Inc.
-0- 04/13/2004
/CONTACT: Thomas S. Smith of Cognigen Networks, Inc., +1-720-895-1912
voice, +1-720-895-1917 fax, or toms@ld.net/
/Web site: cognigen.com /
(CGNW)
(PR NEWSWIRE) Cognigen Networks, Inc. Announces Financial Results for Quarter a
Cognigen Networks, Inc. Announces Financial Results for Quarter and Six Months E
SEATTLE, Feb. 19 /PRNewswire-FirstCall/ -- Cognigen Networks, Inc.
(OTC Bulletin Board: CGNW), the Seattle based Internet-enabled marketer of
communications services, reseller and facilities based carrier, today
announced financial results for the three and six month periods ended December
31, 2003. Complete unaudited details can be obtained from the Quarterly
Report on Form 10-QSB that Cognigen will file today with the SEC, which may be
accessed through Edgar Online and similar services.
Cognigen's CFO, Gary L. Cook, stated, "Our fiscal year's second quarter
operating results show positive net income coupled with a slight reduction in
operating expenses. For the quarter ended December 31, 2003, Cognigen
reported net income of $236,983 compared to net income of $245,014 for the
same quarter in 2002. Results for the six months ended December 31, 2003,
show net income of $44,083 compared to net income of $299,148 for the same
period in 2002. |
