(PR NEWSWIRE) Internet Company Expects Earnings, LaserMedia CEO Richard Hu
Internet Company Expects Earnings, LaserMedia CEO Richard Hue Tells
StockHouse.com; More Involvement with Big-Name Athletes after Boston Red Sox
Announcement
SARASOTA, Fla., June 9 /PRNewswire/ -- In a StockHouse.com feature
interview, LaserMedia (OTC Bulletin Board: LZMCF) CEO told StockHouse.com, "I
think you'll see revenues as of the third quarter. I think you'll see
earnings in the first quarter of next year, or maybe even see some earnings at
the end of this year." Hue explained that revenue growth in the third quarter
would come from activities the company is now negotiating with Broadcast.com.
"We're in the process of finalizing something with them. Our numbers with
their broadcasts have been very good. Our numbers have been, in their words,
'exceedingly high,' in comparison to what other sites are doing."
Another revelation in the StockHouse.com interview included Hue's response
to the possibility of a cable company deal with LaserMedia: "I'm not at
liberty to say at this time. Let's just say there are discussions going on."
Hue also addressed a rumor that LaserMedia was heading to Nasdaq: "One of
my goals this year is to hopefully get us on Nasdaq Small Cap or perhaps on
the bigger board -- Nasdaq National Market System -- depending on how things
go with the market, and, of course the investment community."
On the subject of athletes coming onboard with LaserMedia, Hue responded,
"Yes, you can bet on that. It would be all the major sports: hockey, baseball
and football. I just got off the phone with the Endorsement Manager of an up-
and-coming rookie, who plays for the New York Jets as a wide receiver. He was
really a significant player last year. That's all I can say on that."
The entire online interview can be viewed at www.stockhouse.com at
10:00 am EDT.
StockHouse Media Corporation is an Internet financial media information
service company providing breaking news about North American stocks via their
Internet publication, StockHouse.com. With over one million visitors per
month, StockHouse has emerged as a leading, online, global financial content
provider. A subsidiary, StockHouse Canada, is the #1 Canadian financial
website, where an estimated 21% of Canadian online investors conduct
investment research. StockHouse maintains offices in the United States of
America, Canada, and Australia.
SOURCE StockHouse Media Corporation
-0- 06/09/99
/CONTACT: Media, StockHouse Media Corporation U.S.A., 941-365-5719, or e-
mail, media@stockhouse.com/
/Web site: stockhouse.com
(LZMCF)
CO: LaserMedia; StockHouse Media Corporation
ST: Florida
IN: FIN MLM PUB
SU: ERP
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