NGMC.14.They made .02 for Q, and .035 for nine months,also better 4 Q coming see below.This thing should be trading at 10 times earnings IMO=Around .35 as I post this.Read bold
1)1)Insider President buying last two months:22-Oct-03 REED, DARRYL W.
President 75,000 Purchase at $0.105 per share. $7,875.
finance.yahoo.com
2)stockholders' equity increased to $1.6 million
3)Book value shares 9,5 million=PER share book value of .1684.
4)No s8s recently.
5)Small floater.
"We have significantly grown the business throughout 2003 and we anticipate
improving our performance in the fourth quarter and in 2004," said Darryl Reed,
President and CEO. "The Company recently announced 10 new franchisees, bringing
its total number of licensees to 44, and has a marketing strategy in place to
continually fuel Next Generation Media's growth."
Total gain from operations for the quarter ending September 30, 2003 was $226,750 as compared to a gain of $172,483 for the quarter ending September 30, 2002. The nine months ended September 30, 2003 had a gain of $404,228 as compared to a gain of $359,343 for the same period in 2002.
(COMTEX) B: Next Generation Media Announces Third Quarter Financial Result
; Net Income Up 11%
B: Next Generation Media Announces Third Quarter Financial Results; Net Income U
11%
SPRINGFIELD, Va., Nov 14, 2003 /PRNewswire-FirstCall via Comtex/ -- Next
Generation Media Corporation (OTC Bulletin Board: NGMC), a leader in the direct
mail industry, today announced financial results for the third quarter ended
September 30, 2003. The Company announced increases in net income, total gain
from operations, total assets, and stockholders' equity, although recording a
slight decrease in revenues in the third quarter compared to the same period in
2002.
Next Generation Media Corporation, through its wholly-owned operating subsidiary
United Marketing Solutions, Inc., provides direct marketing products to a
network of franchisees that operate within exclusive territories who market to
small and medium sized businesses in their territories.
The Company reported net income of $223,340, or $0.02 per basic and diluted
share, for the quarter ended September 30, 2003 compared to $198,177, or $0.02
per basic and diluted share, for the same period in 2002. Total revenues
decreased slightly to $1.97 million in the third quarter of 2003 compared to
$1.98 million in 2002.
Total gain from operations for the quarter ended September 30, 2003 was
$226,750, compared to a gain of $172,483 in 2002. Total assets were $2.3 million
at September 30, 2003, up from $2.17 million at December 31, 2002. Total
stockholders' equity increased to $1.6 million at September 30, 2003 compared to
$1.2 million at December 31, 2002.
"We have significantly grown the business throughout 2003 and we anticipate
improving our performance in the fourth quarter and in 2004," said Darryl Reed,
President and CEO. "The Company recently announced 10 new franchisees, bringing
its total number of licensees to 44, and has a marketing strategy in place to
continually fuel Next Generation Media's growth."
Established in 1997, Next Generation Media Corporation (OTC BB: NGMC), through
its wholly-owned operating subsidiary United Marketing Solutions, Inc., provides
direct marketing products to a network of franchisees who operate within
exclusive territories and who market to their local retail establishments.
Products include cooperative advertising mail, coupon magazines, image booklets,
mailings to announce moves, and products for special events and grand openings.
Forward-Looking Statements
Statements in this press release may constitute forward-looking statements and
are subject to numerous risks and uncertainties, including the failure to
complete successfully the development of new or enhanced products, the Company's
future capital needs, the lack of market demand for any new or enhanced products
the Company may develop, any actions by the Company's partners that may be
adverse to the Company, the success of competitive products, other economic
factors affecting the Company and its markets, seasonal changes, and other risks
detailed from time to time in the Company's filings with the Securities and
Exchange Commission. The actual results may differ materially from those
contained in this press release. The Company disclaims any obligation to update
any statements in this press release.
For further information, please contact Paul Knopick of E & E Communications,
+1-949-707-5365, pknopick@eandecommunications.com, for Next Generation Media
Corp.
SOURCE Next Generation Media Corporation
CONTACT: Paul Knopick of E & E Communications, +1-949-707-5365,
pknopick@eandecommunications.com, for Next Generation Media C
rp.
URL: prnewswire.com
Copyright (C) 2003 PR Newswire. All rights reserved.
-0-
KEYWORD: Virginia
INDUSTRY KEYWORD: ADV
OTC
SUBJECT CODE: ERN
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