Devine Entertainment reports results for the nine months ended September 1996.TORONTO, Ontario--(BUSINESS WIRE)--Dec. 5, 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 ) reported results for nine months ended Sept. 30, 1996. Revenues for the nine months ended Sept. 30, 1996 were $1,095,121 compared to $6,990,957 for the same period a year ago. The difference in revenues relates to the timing in recognition of the delivery of completed films. Net income for the first nine months of 1996 was $337,307 or four 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 loss of $54,522 or $0.001 per share last year. Devine showed excellent progress in the third period. It signed an agreement with HBO Hyperbaric oxygen therapy (HBO) A form of oxygen therapy in which the patient breathes oxygen in a pressurized chamber. Mentioned in: Ozone Therapy to create and produce a new series, "The Investors' Specials," the first of which will premiere in the fall of 1997. Devine has now completed filming two productions in this series, "Einstein: Light to the Power of Two," and the Da Vinci da Vinci Surgery A surgical robot for performing certain surgeries–eg, mitral valve repair and laparoscopic procedures–eg, cholecystectomy and gastric ulcer repair. See Laparoscopic surgery, Robotics, Surgical robot. film, "Leonardo: A Dream of Flight." The Einstein video was filmed in Toronto. The Da Vinci production, which was filmed in Padua, Italy, stars Brent Carver, the Tony Award-winner for "Kiss of the Spider Woman Kiss of the Spider Woman (El beso de la mujer araña) may refer to:
Devine Entertainment Corp. is emerging as one of Canada's fastest growing entertainment companies, with an established tradition of award-winning children's and family programming. -0-
Consolidated Summary of Operations
(unaudited)
(Canadian Dollars)
Nine Months Ended Sept. 30
1996 1995
Revenue $1,095,121 $6,990,957
Net Income $ 337,307 $ (54,522)
Earnings per common
share $ .040 $ (0.001)
The Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). has neither approved or disapproved of the information contained herein. CONTACT: Devine Entertainment Corp., Toronto Leif Bristow, 416/364-2282 or H.L. Lanzet Inc., New York Dee Dee Lanzet, 212/687-0061 |
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