Corporate Profile for IndeNet Inc., dated July 7, 1995.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and information services See Information Systems. . These include Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance News/Retrieval, Bloomberg Financial Markets, Reuter Company Newsyear, Reuter Business Briefing, DataTimes, Nexis, Dialog, NewsNet, America OnLine See AOL. , CompuServe, Delphi, Individual's HeadsUp and First!, Desktop Data's NewsEdge, UMI UMI University Microfilms International UMI United States Minor Outlying Islands (ISO Country code) UMI University of Miami UMI Universal Management Infrastructure (IBM) Data Courier, NewsBank, Information Access Company and many others. -0- Published date: July 7, 1995 Company name: IndeNet Inc.
Address: 1640 N. Gower St.
Los Angeles, Calif.
Telephone No.: 213/466-6388 Chief Executive Officer: Robert Lautz Chief Financial Officer: Lewis K. Eisaguirre Investor Relations Contact: John Zarchen Business number: 213/466-6388 Home number: 310/392-2449 Trading symbol: INDE Industry: broadcast and cable TV Company description: IndeNet has undergone a complete transformation over the last six months, and is now a leading duplicator and distributor of advertising and syndicated television programs in the United States via its acquisition of 20-year-old Mediatech Inc. of Chicago. With the impending im·pend intr.v. im·pend·ed, im·pend·ing, im·pends 1. To be about to occur: Her retirement is impending. 2. acquisition of Channelmatic Inc. of Alpine, Calif., INDE will also be a dominant player in the digital video insertion and automation equipment market. Channelmatic has 1,200 customers among cable TV providers, which represents 40 percent of all cable providers who use advertising insertion and automation equipment. Mediatech reported revenues of $18.2 million for the year ended Dec. 31, 1994, with operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. of $1.1 million and net income after taxes of approximately $300,000. Channelmatic's $9.4 million in sales for 1994, an increase of 70 percent for the comparable period in 1993, resulted in net income after taxes of just over $1 million. On a consolidated basis, an estimated 7.2 million weighted average shares will be outstanding. Fifty-two-week high: 3 5/8; low: 1 9/16. INDE is integrating these two companies and seeking others to build its Digital Video Delivery Network, which will serve its current advertising clients, including McDonald's, Coca-Cola, Wal-Mart, Frito-Lay, Apple computer and syndicators, including Warner Bros BROS Brothers BROS Benefits and Retirement Operations Section (King County, Washington) BROS Barnes and Richmond Operatic Society (London, UK) . Domestic Television Distribution, Buena Vista TV, Kingworld, Turner Program Services Turner Program Services was established in 1982 as the syndication arm of Turner Broadcasting System. It was best known for Captain Planet and some of its Game Shows, as well as distributing The Wonder Years and Tribune Entertainment. CONTACT: IndeNet Inc., Los Angeles |
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