UVEW.. REVENUES FOR 3RD QUARTER
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Thursday May 13, 7:01 am Eastern Time
Company Press Release
uniView Technologies Reports Third
Consecutive Quarter of Increased
Revenue Growth
DALLAS--(BUSINESS WIRE)--May 13, 1999--For the third consecutive quarter, uniView
Technologies Corp. (Nasdaq:UVEW - news) 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.''
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
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.
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
More Quotes and News:
UniView Technologies Corp (Nasdaq:UVEW - news)
Related News Categories: computers, earnings, internet, retail, telecom
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