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Microcap & Penny Stocks : IATV - ACTV Interactive Television
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To: anthony karpati who wrote (997)11/14/1997 2:49:00 PM
From: Buzz Mills  Read Replies (1) of 4748
 
The important part of the previous earnings release are the statements by Samuels that income will begin increasing in the current quarter. Noticed the shares have increased to over 13M so at least a few of the preferreds have converted--nothing dramatic though. This is post 1000 on the IATV thread.

William C. Samuels, ACTV's Chairman and CEO, stated, ''This year, in our two business segments, entertainment and education, we have nearly completed the transition from a development company to an operating company. In entertainment, we just completed construction in Dallas of our new master control facility to prepare for the imminent launch of the Company's first individualized regional sports network, in conjunction with FOX Sports Southwest. In our educational segment we have developed new state-of-the-art software for individualized Internet and television distance learning applications. These efforts are expected to begin to positively impact our revenues in the current quarter. Looking beyond the
transition year of 1997 we expect a number of the recently announced contracts for our educational operations to produce significantyear over year revenue increases for ACTV in 1998. Also, during 1998, we expect ACTV's entertainment operations will begin to produce its first meaningful revenues from its individualized regional sports networks.''
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