DVS Announces New Record Sales Over $7.8 Million for Month of November
MOUNTAIN VIEW, Calif., Dec. 2 /PRNewswire/ -- Digital Video Systems, Inc. (Nasdaq: DVID - news) today announced that November revenues exceeded $7.8 million, setting another record for a single month in the Company's history. Ms. Mali Kuo, DVS' Co-chairman and CEO stated, ''We are proud of the results of repeated record breaking revenues in almost every month since July.''
In view of the reassuring performance in October and November, as well as the economy of scale that has been achieved in producing DVD drives, the Company remains optimistic that the quarter ending December 31, 1999 will not only be profitable, but also reach the goal of quarterly earnings in the range of $0.20 per share.
Ms. Kuo added, ''While continuing to gain momentum in operational growth, we are also developing additional opportunities, leveraging our technical strengths and the success of current offerings, to optimize our shareholders' returns.''
Of course with this company's accounting system or lack thereof...we
shall see...
now about those warrants!
chris |
