Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: QuietWon who wrote (21538)	12/3/1998 2:08:00 PM
From: Ernest Poe	Read Replies (3) \| Respond to of 119973

MGMA. looks Ok. TM< should do a heads up. Symbol Search Your Stock List Help AOL Help FAQs Partners Glossary Links Please visit our sponsors! METRO GLOBAL MEDIA INC (Nasdaq: MGMA) Quote, Profile, History, News, Chart, Zacks, MarketGuide, StockTalk News December 3, 08:09 Eastern Time CRANSTON, R.I. (Dec. 3) BUSINESS WIRE -Dec. 3, 1998--Metro Global Media, Inc. (Nasdaq: MGMA), a multi-media, mass-marketing enterprise announced today that second quarter revenues for fiscal year 1999 are expected to reach $10 million, reflecting an overwhelming 120% increase of $4.5 million over its second quarter of fiscal 1998. The most significant reason for the increase in revenues comes from Metro Global's international publishing company, Fanzine International, Inc. Its revenues for the second quarter of fiscal 1999 will be approximately $4.2 million. Revenues are expected to continue to rise due to the on-going release of successful publications such as Celebrity Style and Teen Celebrity, which are drawing international attention. In addition, revenues for the remaining subsidiaries of Metro Global rose $1.2 million, a 24% increase over last year's reported revenue. These increased revenues are also due to an expanded release schedule of videos and DVD products. Dan H. Eberly, Metro Global's newly elected President and CEO, stated, "This proves to be another record-breaking quarter for the Company and should indicate to the market and the Company's shareholders what the future holds at MGMA. This remarkable second quarter reflects a 43% increase over last quarter's $7 million, and our exceptional growth in revenue is expected to continue. Fanzine is advancing at a rapid pace toward becoming the Company's largest profit center. These impressive revenue increases indicate our growth pattern, and this quarter's earnings are expected to exceed our previous projections." Updated information can be seen on Metro Global's corporate web site www.METROGLOBAL.com. The preceding statements and projections are forward looking statements and actual results could materially differ from the projections