I ame somewhere, but the last time I had no time (is that good English??? :-).
This compagny is a strange one, because i think they have no PR!
Below you find the last newsrelease dated: 01.13.99 that is three months old.
If there 4th quarter earnings are bigger by only 5% and growing furter, this would means that there earnings for a year could reach:
$ 0,43 and that would mean a shareprice of minimum: $ 8.
Because there is no news, it will be a surprice. Earnings of 3rd quarter received January 13, 1999 =
4th quarter April 15, 1999 ???????
IMHO it is a buy and I also recommanded it in my stock publication in Europe.(only limited publication)
Best regards
Ernie
Lord of Brislington
News article received, Wednesday, January 13, 1999 5:54:22 PM EST
INTERACTIVE GAMING & COMMUNICATIONS CORP. REPORTS $.10 PER SHARE
3rd Quarter Earnings
PLYMOUTH MEETING, Pa., Jan. 13 /PRNewswire/ -- Interactive Gaming & Communications Corp. (OTC Bulletin Board: SBET) an Internet-based development company and online gaming software provider, has filed its 1998 third quarter earnings report for September 30, 1998.
Revenues from continuing operations increased to $160,364. Expenses decreased from $603,561 in 1997 to $230,053 in 1998. Loss from continuing operations decreased by $409,924 in 1998 or about 85%. The total Company assets are $7,383,938.
The Company's 3rd quarter earnings were $.10 per share. The Company, through its subsidiary Intersphere Communications Ltd., develops software and online wagering applications for the Internet, and has recently introduced a wagering portal site called Gamblenet located at gamblenet.com.
Gamblenet will make advertising revenue by providing links to information in a fashion similar to YAHOO! as well as direct sales of gambling related books, videos and music through its relationship with AMAZON.COM (Nasdaq: AMZN).
Interactive Gaming & Communications Corporation is a publicly traded Internet company whose stock is traded under the ticker symbol SBET. Complete Company filing information may be found at Edgar Online or on the World Wide Web at igccorp.com
SOURCE Interactive Gaming & Communications Corp.
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