ACTV, Inc. Reports First Quarter 2000 Results.Business Editors NEW YORK--(BUSINESS WIRE)--May 12, 2000 ACTV ACTV Active ACTV Activate ACTV Azienda del Consorzio Trasporti Veneziano (Venice Public Transport Company, Italy) ACTV Advanced Compatible Television , 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 : IATV) today reported results for the three-month period ended March 31, 2000. Revenues for the three months ended March 31, 2000 increased to $840,237, compared to revenues of $400,794 for the three months ended March 31, 1999. All 2000 and 1999 revenues were derived from sales of HyperTV(tm), the Company's TV-Internet "Enhanced TV Enhanced TV (ETV) is one example of interactive TV. It is used in particular in reference to Two-Screen Solutions TV + PC services. Generally users of these ETV services have their TV and computer in the same room, and navigate their web browser to a particular program-specific Web " product. The Company's loss applicable to common shareholders decreased to $4,661,018, or $.10 per share, in the most recent quarter, compared with a loss applicable to common shareholders of $7,380,471, or $.23 per share, for the quarter ended March 31, 1999. ACTV, Inc. has pioneered Enhanced TV with its patented HyperTV(R) software solution. The company also created interactive one-to-one digital television with its proprietary "Individualized in·di·vid·u·al·ize tr.v. in·di·vid·u·al·ized, in·di·vid·u·al·iz·ing, in·di·vid·u·al·iz·es 1. To give individuality to. 2. To consider or treat individually; particularize. 3. TV" software and programming capabilities, and recently launched "SpotOn(tm)," a comprehensive, end-to-end solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. for the delivery of highly targeted, addressable Reachable. When something is addressable, it can be identified and manipulated independently of its surroundings. For example, screen pixels and RAM memory are addressable. Each of the screen's picture elements can be individually turned on and off, and each of the memory's bytes can be interactive advertising. ACTV offers superior, practical solutions for television programmers, advertisers, cable operators, educators and consumers looking to leverage the emergence of digital television and the broadband delivery infrastructure. ACTV has relationships with many of the dominant players in the Internet, television and digital technology fields, including key strategic relationships with Liberty Digital, Inc. (NASDAQ: LDIG), Liberty Livewire LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , and Motorola's (NYSE NYSE See: New York Stock Exchange : MOT) Broadband Communications Sector. For more information, visit ACTV's Web site at http://www.actv.com or visit http://www.hypertv.com.
ACTV, INC. & SUBSIDIARIES
Consolidated Statements of Operations
1999 2000
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Three Months Ended March 31, 1999 and 2000
Revenues $ 400,794 $ 840,237
Income (loss) applicable
to common shareholders $ (7,380,471) $ (4,661,018)
Income (loss) per share $ (.23) $ (.10)
Weighted average number
of common shares outstanding 31,990,224 44,943,137
Disclaimer: This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as defined by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document and in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof. |
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