Dual Point Q2 Revenues Up 269 Percent From Q1
Dual Point Q2 Revenues Up 269 Percent From Q1
MELBOURNE, Fla., Dec 15, 2000 /PRNewswire via COMTEX/ -- Pre-Cell Solutions,
Inc. (OTC Bulletin Board: TDCM) (d/b/a Dual Point Communications), a leading
provider of wireless technology and telephone services for the prepaid wireless
and home markets, reported today that fiscal second-quarter 2001 revenues more
than doubled similar figures from the first quarter. Total revenues increased
from $653,977 for the quarter ended July 31, 2000, to $1,759,084 for the current
quarter ended October 31, 2000. Revenues for the six months ended October 31,
2000, were $2,413,061, up $2,342,062 from $70,999 for the same period last year.
The full results are available in the Form 10-Q, filed with the SEC.
"We are very excited about the second quarter revenue figures," said Thomas E.
Biddix, Chief Executive Officer and Chairman of the Board of Dual Point
Communications. "All three of our divisions have begun to make positive
contributions toward meeting our business plan goals."
Net loss for the quarter ended October 31, 2000, was $1,768,753 ($.04 per
share), compared to a loss of $144,579 for the quarter ended October 31, 1999.
The net loss is primarily the result of increased corporate overhead expenses
and increased goodwill amortization related to the acquisition of TeleConex. Net
loss for the six-month period ended October 31, 2000, was $2,995,884, or $.07
per share.
To learn more about the prepaid wireless market, visit the company at
www.dualpoint.com. |
