With all due respect, could someone elucidate upon the particular market
that this company, USRF, that has ZERO employees is about to
begin to service with their proprietary? technology that I
assume has been developed with their ZERO employees? More questions below.
Internet Media Corp. Ticker: USRF
Complete Financials: June 1998 Exchange OTC
FY END DEC
ISSUE DATA (11/27/98) PER SHARE DATA RATIOS
Price $ 0.53 EPS (TTM) $ -0.12 P/E (TTM) NM
52W High $ 2.06 Div. Rate $ NA Yield 0.00 %
52W Low $ 0.38 Book Value $ 0.00 Price/Book NM
Shrs Out 7.72 Mil Cash $ 0.01 ROE (TTM) -1,291.53 %
Float 2.50 Mil Rev (TTM) $ NA ROA (TTM) -308.32 %
Mon. Vol 0.00 Mil Curr. Ratio 0.12
Beta NA LT Dbt/Eqty NM
BRIEF: Internet Media Corp. is a holding company in the
wireless cable television & community (low power) television
industries, as well as other segments of the communications
industry. For the 6 months ended 6/98, Company reported no
revenues vs. $1K. Net loss increased 77% to $384K. Revenues
reflect the absence of a Wireless Datalink System sale.
Higher loss reflects costs related to the issuance of 539K
shares pursuant to a consulting & legal services agreement.
Internet Media Corp. QUARTERLY SUMMARY
HISTORICAL QUARTERLY RESULTS(Thousands of U.S. Dollars)
REVENUE 1996 1997 1998
1st Qtr MAR 0 0 0
2nd Qtr JUN 1 1 0
3rd Qtr SEP 1 0
4th Qtr DEC 1 0
EPS (U.S. Dollars per share)
1st Qtr MAR 0.000 -0.010 -0.030
2nd Qtr JUN 0.000 -0.020 -0.025
3rd Qtr SEP 0.000 -0.020
4th Qtr DEC -0.010 -0.050
7/98, Name changed from Media Entertainment, Inc. 12/96,
Company acquired Winter Entertainment, Inc. & Missouri Cable
TV Corp., issuing 2,157,239 shs. Com. 3/98 Q is restated.
DIVIDENDS EMPLOYEES
Last Dividend Decl. $ NA # Employees 0
Last Div Ex-Date NA Sales/Employee (TTM) NM
Last Div Pay Date NA Net. Income/Empl.(TTM) NM
Common Stock $.0001 Par, 9/98, 100M auth., 7,715,120 issd. Insiders
control approx. 68% (David M. Loflin @ 62%). 3/97, 360,000 Common
shares were issued in a spin-off from Entertainment Corporation of
American. Basis: .0733-for-1. As of 12/97) Short term debt: $116K@ 8%.
OFFICERS: David M. Loflin, Pres./CEO/CFO/CAO, Waddell D.Loflin,
VP/Secy. TRANSFER AGENT: Securities Transfer Corporation. Company
incorporated 1996 in NV. Direct inquiries to: David M. Loflin,
Pres/CFO/CFO/CAO.
ADDRESS & PHONE NUMBERS
Internet Media Corp. 8748 Quarters Lake Road, Baton Rouge, LA 70809
PHONE: (225) 922-7744
FAX: (225) 922-9123
I would also like to bring attention to the fact that an announcement
of a proprietary technology has been made, deployment is scheduled,
marketing plans are apparently underway and they have elected not
to file for a patent... ? " ... as soon as is
practicable..." huh? In the first paragraph they will file
when practicable, in the third they state that they are now filing...
huh? Could someone please clarify?
From todays press release...
BATON ROUGE, La., Dec. 1 /PRNewswire/ -- Internet Media Corporation
(OTC Bulletin Board: USRF) announced today that it has completed
development of the Third Generation of its proprietary Wireless
Internet System. Also, USRF intends to file for patent protection of
its Wireless Internet System as soon as practicable.
USRF's Third Generation Wireless Internet System brings lower
operating costs of a particular system to the customer level. Whereas
the second generation Wireless Internet System facilitated costs
savings in the installation and implementation of a particular
system, this Third Generation Wireless Internet System permits
quicker and less-expensive customer installations.
"We have now refined our Wireless Internet System to the point that it
is time to file for patent protection, as we have now been able to
minimize costs throughout a particular system," said David
Loflin, USRF's President. "At the customer level, USRF's system is now
essentially plug-and-play, which creates more options for marketing
USRF's Internet service in a particular market. Because of the
lower per-installation costs associated with the Third Generation
System, we are contemplating a marketing approach similar to that used
by cellular telephone companies, that is, the use of authorized
retailers throughout a particular market," Mr. Loflin
continued. "This strategy would be designed to penetrate the
at-home-user market segment, while we will implement a more
traditional sales approach in acquiring the more lucrative commercial
accounts, where there is a demand for faster, more cost-effective data
transmission capabilities," concluded Mr. Loflin.
In conjunction with the marketing of USRF's Third Generation Wireless
Internet System in a particular market, USRF will offer its
proprietary Wireless DataLink System, which is designed as a
less-maintenance-intensive alternative to traditional, dedicated
hard-wire data transmission systems that are required to transmit high
volumes of data.
This press release contains certain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, which are
subject to contingencies and uncertainties. Such forward-looking
statements are not guarantees of future performance and are based on
numerous assumptions about future conditions that could prove to be
inaccurate. Actual events, transactions and results may differ
materially from anticipated events, transactions or results described
herein.
For further information on Internet Media, visit
www.internetmediacorp.com.
SOURCE Internet Media Corporation
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