IMHI $.57
IMHI>..$.57..similar space to MDVX and UPSN....Google shows what can happen to the right company in the right space with the right market conditions....hopefully we will find something similar among the companies we are looking at here or will be looking at. This aspect of the web is exploding.
B: I-Media's Third Quarter Filing Represents Important Company Mi
estones ( BusinessWire )
ATLANTA, Nov 21, 2006 (BUSINESS WIRE) --
In what company officials believe are important milestones in the
development of ongoing business and revenue development, Integrated
Media Holdings, Inc.("I-Media") (OTCBB:IMHI) has announced third
quarter 2006 financial results which are reported in the Company's
10-QSB filed with the U.S. Securities and Exchange Commission late
yesterday.
The report includes financial statements for I-Media's 3rd quarter
and related disclosures concerning the Company's results of operations
and financial condition during that period and year to date.
"This filing represents a number of important milestones for
I-Media," said I-Media CEO Paul D. Hamm. "The 10-Q provides the
clearest picture yet of the exciting position we have now put
ourselves in to transform the way digital media is delivered over
broadband and IPTV. We now have an excellent basis for moving forward
with product and services momentum."
I-Media's operations during the quarter resulted in a significant
increase in operating revenues and an improvement in overall financial
performance both in sequential quarters and year-over-year, due mainly
to the acquisition of the assets and operations of WV Fiber, Inc. and
the restructuring of I-Media and Endavo operations earlier this year.
Highlights in I-Media's 10-QSB for the period ended September 30,
2006 include:
-- Total operating revenues increased 1,299% in the 3rd quarter
of 2006 compared to the quarter in 2005, excluding deferred
revenue recognition in the 3rd quarter of 2005. Year-to-date
operating revenues increased 331% from 2005
-- Sequential quarterly operating revenue increased 2,108%, from
$25,715 to $567,904 from the 2nd quarter of 2006
-- Cost of operating revenues year-to-date, after adjusting for
deferred revenue recognition in 2005, decreased as a
percentage of Company revenues by 8%
-- Addition of $2,626,520 in assets during the 3rd quarter, an
increase of 648% over the 2nd quarter
-- An increase of $1,100,000 in shareholders' equity from June
30, 2006
-- Successful completion of acquisition of global network
infrastructure in 3rd quarter
-- Development and testing of Endavo's new IPTV and web streaming
solution, EnVision(TM)
"These improvements set us up with a manageable balance sheet,
good capital structure and an unleveraged and growing IP network -
which sets us up for rapid growth in the near future as a digital
broadcast network," added Hamm.
A copy of the Company's 10-K is available for download at
agoracom.com and www.i-mediaholdings.com.
About Integrated Media Holdings (I-Media)
I-Media (OTCBB:IMHI) develops, operates and integrates
technologies and network infrastructure to form a digital broadcast
network and EcoSystem(TM) for the distribution of entertainment and
media services over broadband. For more information, please visit
agoracom.com and www.i-mediaholdings.com, call
678-222-3445 or email info@i-mediaholdings.com.
|
