ACTV Reports 1997 Financial Results.NEW YORK--(BUSINESS WIRE)--March 27, 1998--ACTV, 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 financial results for the year ended December December: see month. 31, 1997. Revenues for the year ended December 31, 1997 increased to $1,650,955 from $1,476,329 in the prior year. The Company had a net loss applicable to common shareholders of $7,858,683, or $.61 per share for the year ended December 31, 1997, compared with a net loss of $8,800,481, or $.75 per share, for the year ended December 31, 1996. ACTV ACTV Active ACTV Activate ACTV Azienda del Consorzio Trasporti Veneziano (Venice Public Transport Company, Italy) ACTV Advanced Compatible Television , Inc. has developed proprietary technologies for digital TV that allow viewers to individualize 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. programming. The Company is launching regionally based entertainment networks featuring sports programming provided through ACTV's strategic alliance with Fox Sports Net. Using ACTV's programming, sports fans are able to focus on star players, call up statistics, select player interviews or other feature packages, and activate instant replays, all with the touch of a button. For Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the applications ACTV has created and markets eSchool Online(TM), a proprietary Java-based software suite that combines video, Internet web pages with educational content, and collaborative chat groupware Software that supports multiple users working on related tasks in local and remote networks. Also called "collaborative software," groupware is an evolving concept that is more than just multiuser software which allows access to the same data. , to create "virtual" classrooms. -0-
ACTV, INC. AND SUBSIDIARIES
Consolidated Statements of Operations
(Unaudited)
Year ended December 31,
1997 1996
Revenues $1,650,955 $1,476,329
Income (loss) applicable to
common stock shareholders $(7,858,683) $(8,800,481)
Income (loss) per share $(0.61) $(0.75)
Weighted average number of
common shares outstanding 12,883,848 11,739,768
CONTACT: ACTV, Inc. Daniel F. Mahony Vice President 212/262-2570 or MALLORY FACTOR Mallory Factor is Chairman of the Free Enterprise Fund ("FEF") and is often called "The George Soros of the right" by people who don't mean it as a compliment. FEF has listed five "take action" campaigns on their website (https://www.myfef.org/bin/action.center.election). INC Bill Roll 212/350-0000 |
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