TCMM should be on the Golden List, they're a BB that actually has net income plus they recently purchased a web hosting co. Good things will happen here real soon.
>>Thursday March 30, 9:08 am Eastern Time
Company Press Release
Telecomm Industries Reports Improved Earnings for Fourth Quarter and Fiscal 1999
NAPERVILLE, Ill.--(BUSINESS WIRE)--March 30, 2000--Telecomm Industries Corp. (OTC BB:TCMM - news) announced today financial results for the fourth quarter ending December 31, 1999. The Company reported revenues of $5.3 million, and net income of $116,000 and earnings per share of $0.01. Revenues for the fourth quarter of 1998 were $5.7 million, with a loss of $1.9 million or a loss of ($0.16) per share. Per share numbers are basic and fully-diluted.
For the year ending December 31, 1999, the Company reported revenues of $19.4 million, net income of $489,000, and earnings of $0.04 per share basic and diluted. For the same period in 1998, revenues were $24.0 million with a loss of $1.5 million and a loss of ($0.12) per share basic and diluted.
Paul Satterthwaite, President and CEO, said, ``During 1999, the Company focused on controlling costs and higher margin sales. This focus produced the designed effect of returning the Company to profitability. However, revenue was lower because of a reduction in low margin equipment sales. Our focus during 2000 will be to maintain this profitability while increasing revenue.'
Telecomm Industries Corp. is one of the nation's largest distributors of voice and data services for Ameritech and BellSouth. Telecomm combines these services with products from world-class manufacturers to provide single source telecommunication and computing solutions to its business customers. Telecomm specializes in being the single provider of the customer's total communication needs.<< |
