MDIH's primary business is scratchoff lottery tix. Their revenues are up about 300% since a comparable period in 1997 (although they were not reporting during 1997, so there is reason for caution).
Old MDIH press release:
Friday June 26, 11:36 am Eastern Time
Company Press Release
MDI Entertainment Filing For Fully Reporting Status
HARTFORD, Conn.--(BUSINESS WIRE)--June 26, 1998--MDI Entertainment Inc.
(OTC BB:MDIH) announces that it plans to submit the necessary forms to the
Securities and Exchange Commission (SEC) to become a fully reporting company. Such
forms will include audited financial statements for the fiscal year ended May 31, 1998.
The company is working with its auditors, Arthur Andersen, and its securities counsel,
Squadron, Ellenoff, Plesent & Sheinfeld, LLP, to prepare the forms, which will be filed
no later than September 1998.
Once MDI is a fully reporting company, MDI's annual (10-K) and quarterly (10-Q)
reports, as well as all other future SEC filings, will be available for public review through
the SEC and its electronic EDGAR database.
Steve Saferin, MDI's chief executive officer stated, ''Our plan is to become a fully
reporting company with the SEC, which is an important milestone in MDI's growth as a
public company. Not only is becoming a fully reporting company one of the most
significant minimal requirements for obtaining a Nasdaq listing, but it opens the door to a
whole new spectrum of investors, stockbrokers and institutions that simply do not follow
non-reporting companies.'' |
