Sheri, don't mean to steal anyone's thunder but I found some information and though folks would enjoy having it posted.
TelVue Corporation Shows First Profits
Mt. Laurel, NJ
May 27, 1997
TelVue Corporation had net income before income taxes of $159,272 on sales of $1,542,844 for the first quarter ended March 31, 1997. In the same period last year the company had a net loss before income taxes of $128,571 on sales of $1,304,382. According to TelVue President and CEO Frank Carcione, It is the first time in the company's history that it has generated net income for a quarter.
While a number of things influenced business growth, according to Mr. Carcione, the single largest contributing factor to TelVue's improved performance was an increase of 1.3 million cable-TV subscribers in 1997 over 1996. The Company's services are now available to 8.7 million homes. The increased number of subscribers offset a decrease in the percentage of subscribers purchasing Pay Per View (PPV) movies and events from 26.1% in first quarter 1996 to 24.2% in first quarter 1997. Other factors which helped performance were an increase in use of the company's "National Service Features" and "PPV+" by affiliates.
TelVue Corporation provides Automatic Number Identification (ANI) telecommunications services for automated ordering of PPV movies and events to cable-TV systems.
Contact: TelVue Corp, Don DeCinque (609)273-8888, decinque@telvue.com
Enjoy,
Dusty |
