(BSNS WIRE) uniView Technologies Reports Third Consecutive Quarter of In
uniView Technologies Reports Third Consecutive Quarter of Increased Revenue
Growth
Business Editors & Technology Writers
DALLAS--(BUSINESS WIRE)--May 13, 1999--For the third consecutive
quarter, uniView Technologies Corp. (Nasdaq:UVEW) reports significant
growth in revenues. For the period ending March 31, 1999, the company
recorded revenues of $2.51 million compared to $58,000 in the same
quarter last year, while operating expenses decreased to $2.44 million
from $3.68 million the same quarter 1998. Improvements also occurred
in earnings per share, which were (0.19) for uniView's third fiscal
quarter 1999 vs. (0.70) same period 1998.
Additionally, for the nine-month period ending March 31, 1999,
uniView's revenues rose to $9.3 million vs. last fiscal year's same
period revenues of $189,000. During this nine-month period, the
company's net loss was lowered to $4.5 million compared to a $7.9
million operating loss in the nine-month period ending March 31, 1998.
"With our business model complete, long-term contracts in place
and new partnerships solidified, we definitely are on a positive trend
upward," said Patrick A. Custer, president and CEO of uniView
Technologies. "In particular, we look forward to realizing continued
revenue growth from recently announced agreements with PSINet,
FreeLinQ, Domintel, Southwestern Bell, and Motorola."
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Three Months Ended Nine Months Ended
------------------------- -------------------------
March 31, March 31, March 31, March 31,
1999 1998 1999 1998
----------- ----------- ----------- -----------
Revenues $ 2,510,921 $ 58,019 $ 9,256,336 $ 189,393
Net loss 2,469,048 3,678,934 4,467,442 7,871,053
Loss per share (0.19) (0.70) (0.38) (1.70)
Weighted avg
common shares
outstanding 13,298,044 5,299,214 11,854,100 4,541,310
*T
Dallas-based uniView Technologies is the nation's only IT
consultant that offers the expertise and innovative tools necessary to
create fully customized interactive and e-commerce solutions. Building
on a foundation rooted in convergence technology and a deep
understanding of business operations and the end user, uniView merges
proprietary and partner Internet access technologies with existing
applications to deliver the future of interactive networking products
and services.
In 1997, uniView introduced its first revolutionary set top box
and, today, its Advanced Systems Group (ASG) uses convergence devices
and integration expertise to design custom networks for clients in
multi-level marketing, hospitality, utilities, banking, and
telecommunications. In addition to complete IT consulting, ASG also
offers Web site development and hosting, and full Internet service,
while uniView's Product Group focuses on research, product development
and customer service. More information on uniView is available at
www.uniview.net.
NOTICE: Some of this information may contain "Forward Looking
Statements" which are company plans, projections and uncertainties.
For a discussion of risk factors associated with some of these plans
and projections, please refer to the company's SEC filings, which
contain additional discussion about those factors which could cause
actual results to differ from management's expectations.
--30--KO/na*
CONTACT: uniView Technologies Corp.
Neal J. Katz, 214/503-8880 (Investor Contact)
nkatz@uniview.net
or
Edelman Public Relations Worldwide
Allison Ellis/Holly Vershum, 214/520-3555 (Media Contact)
aellis@edelman.com or holly_vershum@edelman.com
KEYWORD: TEXAS
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED TELECOMMUNICATIONS
INTERACTIVE/MULTIMEDIA/INTERNET EARNINGS
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