Corporate Vision Inc. announces second 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)--August 20, 1996--Corporate Vision, Inc. (Nasdaq BB: CVIA CVIA Computer Virus Industry Association ) today announced its operating results for the three months and six months ended June June: see month. 30, 1996. Revenue for the second quarter of 1996 was $241,047, an increase of 700% compared to revenue of $30,113 for the second quarter of 1995. Net income for the second quarter of 1996 was $5,011 compared to a net loss of $(138,735) for the second quarter of 1995. Revenue for the six months ended June 30, 1996 was $485,115, an increase of 436% compared to revenue of $90,486 for the six months ended June 30, 1995. Net income for the six months ended June 30, 1996 was $9,649 compared to a net loss of $(214,887) for the six months ended June 30, 1995. Corporate Vision, Inc. is an interactive multimedia company that develops custom programs for Fortune 500 companies. For more information about CVI CVI C (Language) Virtual Instrument CVI Clinical and Vaccine Immunology (journal) CVI Chronic Venous Insufficiency CVI Coastal Vulnerability Index CVI Canaan Valley Institute , contact 1-800-720-2842. -0- CORPORATE VISION, INC. Unaudited Financial Results
Three Months Ended Six Months Ended
June 30, June 30,
1996 1995 1996 1995
Revenue $241,047 $30,113 $485,115 $90,486 Production expenses 103,947 83,389 180,092 159,438 General and administrative 127,676 82,469 284,511 140,082 Income (loss) from operations 9,424 (135,745) 20,512 (209,034) Net income (loss) 5,011 (138,735) 9,649 (214,887) Earnings per share $0.00 ($0.02) $0.00 (0.03) Weighted average shares 11,559,704 8,446,841 10,810,184 8,212,210 CONTACT: Corporate Vision Inc., Tulsa 1-800-720-2842 |
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