Corporate Vision, Inc. announces third quarter results.TULSA Tulsa (tŭl`sə), city (1990 pop. 367,302), seat of Tulsa co., NE Okla., on the Arkansas River east of its junction with the Cimarron; inc. 1898. , Okla.--(BUSINESS WIRE)--Nov. 21, 1996--Corporate Vision, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: CVIA CVIA Computer Virus Industry Association ) today announced its operating results for the three months and nine months ended September September: see month. 30, 1996. Revenue for the third quarter of 1996 was $252,465, an increase of 145% compared to revenue of $102,792 for the third quarter of 1995. Net income for the third quarter of 1996 was $6,335 compared to a net loss of ($165,424) for the third quarter of 1995. Revenue for the nine months ended September 30, 1996 was $737,580, an increase of 281% compared to revenue of $193,456 for the nine months ended September 30, 1995. Net income for the nine months ended September 30, 1996 was $16,111 compared to a net loss of ($562,865) for the nine months ended September 30, 1995. Corporate Vision, Inc. is an interactive multimedia company that develops custom programs for Fortune 500 companies. -0-
CORPORATE VISION, INC.
Unaudited Financial Results
Three months ended Nine months ended
September 30, September 30,
1996 1995 1996 1995
Revenue $252,465 $102,792 $737,580 $193,456
Production expenses 100,160 118,088 277,554 241,807
General and
administrative 135,516 150,036 422,599 509,550
Income (loss) from
operations 16,789 (165,332) 37,427 (557,901)
Net income (loss) 6,335 (165,424) 16,111 (562,865)
Earnings per share $0.00 ($0.02) $0.00 $(0.07)
Weighted average
shares 12,296,760 8,446,841 11,191,445 8,212,210
CONTACT: Corporate Vision Inc., Tulsa Rhonda Vincent Rhonda Vincent (b. July 13 1962, Kirksville, Missouri) is a bluegrass singer and an accomplished mandolin, guitar and fiddle player. [1] Her musical career started as a child in her family's band, The Sally Mountain Show, and has spanned almost four decades. , 1-800/720-2842 |
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