Communications World International announces results for third quarter and nine-month period.DENVER--(BUSINESS WIRE)--March 17, 1995--Communications World International, Inc. (CommWorld) (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 :CWII), a provider of telecommunications systems, peripherals and services, today announced results for its third quarter and nine-month period ended January 31, 1995. Revenue for the quarter was $3,212,758, up 119% from $1,469,552 in the same period last year. The company reported a return to profitability in the quarter with net income of $50,573, or 4 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , compared to a net loss of $267,571, or 32 cents per share, in the third quarter a year ago. Through the current nine months, revenue was $7,335,076, up 74% from $4,224,910 in the nine-month period ended January 31, 1994. The net loss at the current nine-month mark was reduced to $92,021, or 8 cents per share, versus a net loss of $668,286, or 80 cents per share, in the same period last year. Richard D. Olson, president, said that the company is benefiting from increased equipment sales to franchises, the acquisitions of profitable franchises in Phoenix, Arizona Phoenix /ˈfiːˌnɪks/ (English: Phoenix, Navajo: Hoozdo, lit. "the place is hot", Western Apache: Fiinigis) is the capital and the most populous city of the U.S. , and Seattle, Washington  This page is protected from moves until disputes have been resolved on the .The reason for its protection is listed on the protection policy page. , as well as the acquisition of Digital Telecom, Inc. He added that the company's national accounts subsidiary continues to have a positive impact on revenue. "We are extremely pleased with our return to operating profitability for the first time since the quarter ended October 31, 1990," Olson said. "As we look ahead to the remainder of fiscal 1995 and into fiscal 1996, we will continue to explore opportunities to expand the franchise network and to acquire telecommunications companies." CommWorld provides telecommunications systems, peripherals and services to 50,000 businesses through a nationwide network of 63 franchise dealers, a national accounts subsidiary and four company-owned locations. The company is positioning itself in the open market between AT&T and the Bell operating companies operating company A business that engages in transactions with outsiders. on one end, and the more than 10,000 small interconnect product providers across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. on the other. -0-
FINANCIAL RECAP Three Months Ended Nine Months Ended
January 31, January 31,
1995 1994 1995 1994
Total Revenue $ 3,212,758 $ 1,469,552 $ 7,335,076 $ 4,224,910 Net Income (Loss) $ 50,573 $ (267,571) $ (92,021) $ (668,286) Loss Per Common Share $ .04 $ (.32) $ (.08) $ (.80) Wgt. Avg. Shares Outstanding 1,274,163 834,502 1,227,303 834,080 CONTACT: Communications World International Inc. Richard Olson, 303/721-8200 (company contact) or Lee Skoblow, 212/344-4700 (investor relations Investor relations The process by which the corporation communicates with its investors. contact) 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. Lillian Craze, 303/393-7044 (media contact) |
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