BDE..another one to watch*.. Brilliant Digital Reports First Quarter Results; Enters Relationship with @Home Benelux for Broadband Content Distribution >. Went to the site and downloaded their projector and the movies are 3-D. its pretty cool. I have no idea if this company will take off but it already up nicely yesterday.
and >>>>Investors, Including Several Executives From Media Companies, Buy Shares In Brilliant Digital Entertainment
Experience of Investors Will Provide Valuable Support to Brilliant, Company Says
LOS ANGELES--(BUSINESS WIRE)--May 12, 1999-- Brilliant Digital Entertainment (AMEX:BDE - news) announced today that several unrelated investors have purchased 18 percent of the company's outstanding stock for $4.3 million in cash in a private transaction. >>>>>>>
LOS ANGELES (May 12) BUSINESS WIRE -May 12, 1999--Brilliant(TM) Digital Entertainment, Inc. (AMEX: BDE; multipathmovies.com ), a
leading interactive entertainment content and tools developer, announced results today for the first quarter ended March 31, 1999.
The Company also announced that it has entered into a broadband distribution agreement with @Home Benelux, a European joint-venture of the @Home Network
(NASDAQ:ATHM), the leading provider of high-speed Internet services via the cable infrastructure. Under the agreement Brilliant will provide @Home Benelux
with Multipath(TM) Movie previews and Webisodes(TM) under a revenue sharing arrangement. Separately, Brilliant announced today that it has completed a $4.3
million strategic equity private placement to media investors.
Brilliant's operating results continue to reflect ongoing investment in the development of its Internet capabilities, the production of Multipath Movie
episodes/Webisodes, the continued enhancement of its proprietary software tools and Internet Digital Projector(TM) technology and the formation of new
distribution and product development relationships. Results for the first quarter of 1999 reflect the expensing of Multipath Movie episode/Webisode production
costs.
Brilliant Digital reported a first quarter net loss of $(1,890,000), or $(0.20) per share, compared with a net loss of $(1,267,000), or $(0.13) per share, for the same
period a year ago. Net revenues for the first quarter of 1999 were $206,000, primarily reflecting retail sales of $152,000 of the Company's newest Multipath Movies
to domestic retailers and $54,000 in technology revenues. Brilliant's CD-ROM products demonstrated the strongest retail response at mass-market retailers such as
K-Mart and Wal-Mart and initial reorders have been received. Net revenues for the first quarter of 1998 were $31,000, reflecting retail sales of earlier-generation
Multipath Movies in an initial market trial.
<<<<<<and there are 2 plays on the newsletter that you will be surprised to see. In fact I have the phone numbers but just an idea of when then are reporting. #5 for May 19, and #3 for May 18. I spent a lot of time last night (or this morning) studying some of these companies and I liked a few of them.>>>>> |
