A profitable internet company...very few out there...revenue growing rapidly...priced around 1.06:
(COMTEX) B: HyperDynamics Corp. Files Quarter Ended 03-31-99 Form 10Q
B: HyperDynamics Corp. Files Quarter Ended 03-31-99 Form 10Q Report; Company
Has First Profitable Quarter in its History
HOUSTON (May 14) BUSINESS WIRE -May 14, 1999--HyperDynamics Corp. (OTC
BB:HYPD) Friday filed the company's Form 10QSB for the period ended
March 31, 1999.
Revenues were reported at $331,071, an increase of 90 percent over the
comparable quarter ended March 31, 1998. Net income was reported at $2,
565, compared with a loss of $147,591 over the comparable quarter.
Management indicated the increase in revenues was primarily a result of
increased IT service business and specialized wireless equipment sales.
Net income improvement was made possible due to higher margins in IT
service and wireless equipment sales, and due to success in controlling
overhead.
Based in Houston, HyperDynamics Corp. is the premier Internet
technology services provider. The company provides integrated voice,
video and data technology that maximizes a business's return on its
technology investment. Additionally, the company is developing
e-commerce-based software applications and turnkey Internet-based IT
(information technology) hosting services.
The company's Web site is www.hyd.net.
For further information or to be placed on the company's news and
information list, contact James Stock at 702/614-0003, via fax at
702/617-4165 or e-mail jamestock@aol.com.
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CONTACT: Stock Enterprises
James Stock, 702/614-0003
fax: 702/617-4165
e-mail: jamestock@aol.com
KEYWORD: TEXAS
INDUSTRY KEYWORD: INTERACTIVE/MULTIMEDIA/INTERNET COMED EARNINGS
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