WOW.... This was worth waiting for !!!
NEW YORK--(BUSINESS WIRE)--July 31, 1998-- Global Intellicom,
Inc. (NASDAQ: GBIT) announced today earnings of $0.09 per share for
the second quarter and $0.15 per share for the six months ended June
30, 1998.
For the quarter ended June 30, 1998, the company reported sales
of $11,992,523. Net income for the quarter was $718,950 or $0.09 per
common share. For the six months ended June 30, 1998, sales totaled
$21,320,548 with a net income of $1,255,117 or $0.15 per common share.
There were 7,988,345 average number of outstanding shares as of June
30, 1998.
Global Intellicom's management stated that they were pleased with
the results of the second quarter. Norman Muller, Chairman and CEO
commented, "The decisions we have made and the steps we have taken
during the first half of this year have been part of an overall
strategy for profitable growth. Concentration on this strategy has
already led the company to increased profitability, and I believe it
will fuel our continued growth for a better second half of 1998."
Global Intellicom, Inc. is a system integration company with
state of the art network cabling and computer integration capabilities
located in New York City, Pittsburgh, Exton-PA, Indianapolis-IN,
Washington-D.C., and Orlando-FL. Global also functions as a value
added reseller of network services and PC's. Global holds reseller
licenses with such companies as: Microsoft, IBM, SUN Microsystems,
NEC, NCR Worldwide, Compaq, and Hewlett Packard. Its clients include:
Lockheed Martin, The Department of Defence, Loral Systems, EDS, and
the General Services Administration. Through the aggregate use of
Global Intellicom's resources, its mission is to be the information
technology resource of choice for its customers, and to offer them a
"total system solution" at competitive rates.
Except for the historical information contained herein, the matters
set forth in this press release are forward looking statements within
the meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. These forward looking statements are
subject to risks and uncertainties that may cause actual results to
differ materiality. These risks are detailed in the company's period
reports filed with the Securities & Exchange Commission. These forward
looking statements speak only as of the date hereof. The company
disclaims any intent or obligation to update these forward looking
statements.
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