Devine Entertainment reports results for "stub" three month period ending Dec. 31.TORONTO--(BUSINESS WIRE)--May 23, 1996--Devine Entertainment Corp. (NASDAQBB: DVNNF; ALBERTA EXCH (jargon) EXCH - /eks'ch*/ or /eksch/ To exchange two things, each for the other; to swap places. If you point to two people sitting down and say "Exch!", you are asking them to trade places. : DVN DVN Digital Video Network (Internet2) DVN Digital Value Network DVN Diploma in Veterinary Nursing DVN Device Number ) which has recently changed to a calendar reporting year, today announced results for the "stub A small software routine placed into a program that provides a common function. Stubs are used for a variety of purposes. For example, a stub might be installed in a client machine, and a counterpart installed in a server, where both are required to resolve some protocol, remote procedure " three month period ending Dec. 31, 1995. Revenues for the stub period were CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. $124,959 compared to CDN $127,873 in the comparable period a year earlier. Net income amounted to CDN$27,127 compared to CDN$94,737 in the same prior period in 1994. The company noted that total assets significantly improved in this stub period thanks to a notable increase in the cash position from CDN$83,626 to CDN$773,674. David Devine, president, said, "We are strongly optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op as to our 1996 prospects and look forward to announcing the events, currently in negotiation, that will positively impact the company." Devine will be reporting operating results for the first quarter ended March 31, 1996 in the near future. Continuing its award-winning tradition, Devine Entertainment's The Composers' Specials recently garnered the American Library Association's (ALA) endorsement of this video series. ALA, the oldest and largest library association in the world, has recommended The Composers' Specials to librarians This is a list of people who have practised as a librarian and are well-known, either for their contributions to the library profession or primarily in some other field. at public and private libraries and schools throughout the U.S. Devine Entertainment Corp. is emerging as one of Canada's fastest growing entertainment companies, with an established tradition of award-winning children's programming. -0- Consolidated Summary of Operations (Canadian Dollars)
Three Months Ended
Dec. 31,
1995 1994
Revenue $124,959 $127,873 Net income $20,124 $61,237 Net income per common share $0.001 $0.008 The Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). has neither approved nor disapproved of the information contained herein. CONTACT: Devine Entertainment Corp. Leif Bristow, 416/364-2282 or H. L. Lanzet Inc. DeeDee Lanzet/Robin Haber, 212/687-0061 |
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