Financial results of Rainmaker Digital Pictures Corp.VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia--(BUSINESS WIRE)--Aug. 15, 1996-- RAINMAKER Rainmaker An employee of a brokerage firm who brings a large amount of wealthy individuals or corporations to the brokerage firm's client base. Notes: Rainmakers are usually compensated very well for their efforts (or connections). DIGITAL PIC (1) (Programmable Interrupt Controller) An Intel 8259A chip that controls interrupts. Starting with the 286-based AT, there are two PICs in a PC, providing a total of 15 usable IRQs. . (ME:RNK RNK Republic of Nagorno-Karabakh (Nagorno-Karabakhskay Respublica, Former USSR) ) Rainmaker Digital Pictures Corp. ("the Company") is very pleased to announce its financial results for the six months ended June June: see month. 30, 1996. The Company reports that the results recorded for the first six months of its 1996 fiscal year reflect record level revenues and profits, allowing the Company to surpass management and industry forecasts. Revenue totaled $6,927,202 which represents a 46 percent increase over the same period last year. Net earnings after tax were $1,082,892 which represents growth of 139 percent over after tax earnings for the same period in the 1995 fiscal year. Earnings per share were $0.12 for the six months ended June 30, 1996. -0- Condensed Interim Consolidated Statements of Operations Six Months Ended June 30
1996 1995
_____
Revenues $6,927,202 $4,758,845
Expenses (5,115,306) (4,078,682)
Earnings Before Tax 1,811,896 680,160
Net Earnings $1,082,892 $452,818
Earnings per Share $0.12 $0.08
When comparing the second quarter to the first quarter within the
six month results for the 1996 fiscal year, revenues increased by 25
percent from $3,080,589 for the first three months, to $3,846,613 for
the second quarter. Similarly, earnings increased from $453,702 for
the first quarter to $629,190 for the second quarter reflecting a
growth of 39 percent.
Condensed Interim Consolidated Statements of Operations Fiscal 1996
Q2 1996 Q1 1996
(Apr. '96 - Jun. '96) (Jan. '96 - Mar. '96)
___________________________________________
Revenues $3,846,613 $3,080,589
Expenses (2,730,885) (2,384,421)
Earnings Before Tax 1,115,728 696,168
Net Earnings $629,190 $453,702
Earnings per Share $0.07 $0.05
Rainmaker, located in Vancouver, B.C., operates one of the largest integrated digital post production facilities in Canada Canada (kăn`ədə), independent nation (2001 pop. 30,007,094), 3,851,787 sq mi (9,976,128 sq km), N North America. Canada occupies all of North America N of the United States (and E of Alaska) except for Greenland and the French islands of , providing services from lab, through digital editing into digital visual effects and computer graphics imagery. In addition our technology division, Rainmaker Interactive, has developed proprietary tools that enhance image quality in interactive products and unique software that makes our digital video compression Encoding digital video to take up less storage space and transmission bandwidth. See video codec and data compression. video compression - Compression of sequences of images. for new media delivery among the best in the world. The contents of this press release have neither been approved nor disapproved by any regulatory authority Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities . CONTACT: Rainmaker Digital Pictures Corp. Mr. Bob Cabral, 604/687-4533 |
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