ACT Teleconferencing anticipates over 70% increase in 1996 revenue.DENVER--(BUSINESS WIRE)--Jan. 15, 1997--ACT Teleconferencing, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ACTT ACTT n abbr (BRIT) (= Association of Cinematographic, Television and Allied Technicians) → sindicato de técnicos de cine y televisión , ACTTW), a full service international provider of audio, video and data teleconferencing products and services, today announced that preliminary revenue results for the year ended December 31, 1996, will approximate $6 million, representing a more than 70% increase compared with revenue of $3.5 million in fiscal 1995. Final audited results will be announced during the first quarter. Gerald D. Van Eeckhout, chairman of ACT Teleconferencing, attributed the continued strong revenue growth to the Company's unique market position as an all-in-one teleconferencing solutions provider, as well as ACT's fast-growing North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. and European teleconferencing operations. "Our ability to provide customers with products and services in all three segments of the teleconferencing industry -- audio, video and data -- on an international basis, gives us a distinct advantage over other teleconferencing companies," said Van Eeckhout. "Our teleconferencing business in the U.S. and overseas continues to grow at an aggressive and steady rate due to offering our existing and new customers high-quality, innovative services." Van Eeckhout added that the Company has also benefited from the tremendous annual growth the worldwide teleconferencing industry is maintaining. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the International Teleconferencing Association (ITCA ITCA International Travel Catering Association ITCA International Teleconferencing Association ITCA Independent Television Companies Association ITCA Irish Terrier Club of America ITCA International Technical Caramel Association ITCA Invest to Compete Alliance ), 1995 revenue from teleconferencing in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. alone increased over 30% to $4 billion and is expected to challenge the $5 billion mark in 1996. Additionally, the video conferencing sector recorded $2.3 billion in 1995 revenue in North America, an increase of 50% over 1994 (according to ITCA). The Company expects to report a net loss for the year as a direct result of management's strategy to aggressively invest in growth opportunities that will lead to long-term profitability. With its headquarters and U.S. operations in the Denver suburb of Golden, Colorado, ACT Teleconferencing, Inc. supports its international teleconferencing capability with offices in London, Amsterdam and Brussels. CONTACT: ACT Teleconferencing, Inc., Denver Gerald Van Eeckhout, 303/233-3500 or Pfeiffer Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most , Inc., Denver Jay Pfeiffer or KC Ingraham, 303/393-7044 |
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