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BNN Corp. reports preliminary record earnings for the quarter and year ended Dec. 31, 1996.


NEW YORK--(BUSINESS WIRE)--Jan. 13, 1997--BNN Corp. (Kaleidoscope Media Group) (NASDAQ/BB:BNND); Kaleidoscope Media Group reported preliminary unaudited results for the quarter and year ended Dec. 31, 1996.

The quarter ended Dec. 31, 1996, the company reported net earnings of approximately $1,250,000 on volume of $5,200,000, and for the year ended Dec. 31, 1996 the company reported profits of $750,000, on volume of $12,200,000.

This compares with a loss of $926,000 on volume of $6,681,000.00 for the year ended Dec. 31, 1995.

Earnings results are subject to minor adjustments for accruals and final audit adjustments.

Kaleidoscope Media Group (KMG KMG Kerr-McGee
KMG Koi Mil Gaya (Hindi movie)
KMG Kunming, China - Kunming (Airport Code)
KMG Kent Messenger Group (UK) 
) is a vertically integrated sports and entertainment marketing company, with offices in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 and Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. . KMG operating companies are People & Properties (sports), Seagull seagull

a noisy, gregarious bird that frequents the seashore. Web-footed, hook-billed, white with gray wings. Member of the family Laridae and of the genus Larus.
 Entertainment, Celebrity Showcase Network (direct marketing) and Kaleidoscope Consulting. Current KMG sports properties include: golf, tennis, swimming, boxing and football. KMG produces internationally recognized television programs including "Tarzan" (series), "Double X-Treme" (series) and "The ESPY Awards This article is about the sports award. For other uses, see Espy (disambiguation).
The ESPY Awards is an annual sports awards event created and broadcast by American cable television network ESPN.
."

CONTACT: Kaleidoscope Media Group

Al Abrams, 212/685-0615
COPYRIGHT 1997 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 13, 1997
Words:181
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