Juniper Content Corporation Reports Second Quarter 2007 Results.Sorpresa! Network Continues Steady Subscriber Growth NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Replacing Statement of Operations See Income statement. The corrected release reads: JUNIPER CONTENT CORPORATION REPORTS SECOND QUARTER 2007 RESULTS Sorpresa! Network Continues Steady Subscriber Growth Juniper Content Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : JNPC JNPC Japan National Press Club ; "Juniper") today announced its financial results for the second quarter ended June 30, 2007. The Company's net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for the three months ended June 30, 2007 were $583,755 as compared to net sales of $651,004 (on a non-GAAP combined basis) for the three months ended June 30, 2006, representing a decrease of $67,249 or 10.3%. Sorpresa! experienced a 65% increase in sales quarter over quarter primarily resulting from growth in the subscriber base; uplink and production services revenues decreased in this period as the number and scope of projects and services were lower than last year's level. On January 19, 2007, Juniper merged with privately held Firestone Communications Company Details Firestone Communications ([1] is a diversified media and communications Company based in Fort Worth Texas. On January 19, 2007, Juniper Content Corporation (OTCBB: JNPC; "Juniper"), a media and entertainment company focused on branded content , Inc. ("Firestone"), a diversified media and communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. owning and operating Sorpresa!, the nation's first Hispanic children's television network and digital community. Therefore, Juniper's second quarter 2007 results are not comparable with Firestone's historical results. Juniper's six months ended June 30, 2007 historical results only include the results of operations of Firestone for the period from January 20, 2007 through June 30, 2007 As such, the 2007 reported results are not comparable with Firestone's historical results. To provide a basis for comparison, in addition to reported results for the six and three months ended June 30, 2007, Juniper is presenting unaudited non-GAAP combined results for 2007 and 2006 as if the Firestone merger had been consummated as of January 1, 2006. Non-GAAP combined information is the arithmetic combination of the historical results of Firestone and Juniper for the six months ended June 30, 2007 and 2006 and the three months ended June 30, 2006. Juniper reported a net loss of $1,038,138, or $(0.18) per share, for the quarter ended June 30, 2007 as compared to a net loss of $762,145 (on a Non-GAAP combined basis), for the quarter ended June 30, 2006. For the six months ended June 30, 2007, the Company's net sales were $1,205,432 (on a Non-GAAP combined basis) as compared to net sales of $1,303,785 (on a Non-GAAP combined basis) for the six months ended June 30, 2006, representing a decrease of $98,353. The Non-GAAP combined basis figures for the six months ended June 30, 2007 were arrived at by adding Firestone's net sales of $116,692 for its historical period from January 1, 2007 through January 19, 2007 to Juniper's historical net sales for the full first six months of 2007 of $1,088,740. The Company's net loss for the six months ended June 30, 2007 was $2,537,447 (on a Non-GAAP combined basis), or $(0.46) per share, as compared to net loss of $1,309,081 (on a non-GAAP combined basis) for the six months ended June 30, 2006. Stuart B. Rekant, Juniper's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , and CEO of Sorpresa!, stated, "The Sorpresa! network's growth remained steady in the second quarter, with our subscriber base continuing to benefit from the growth in Hispanic tiers and digital cable rollouts. As we near the important 1 million subscriber mark, we continue to support the growth of the channel, adding personnel and implementing sales and marketing programs to attract advertisers wanting to access the expanding Hispanic media marketplace. In addition to devoting resources to fuel Sorpresa!'s growth," Mr. Rekant added, "we are pursuing additional opportunities to expand Juniper into other high-growth content categories serving multiple distribution channels." About Juniper Content Corporation Juniper Content Corporation is a media and entertainment company focused on branded content Branded Content, also known as Branded entertainment and Advertainment, is a relatively new form of advertising medium that blurs conventional distinctions between what constitutes advertising and what constitutes entertainment. services in high growth markets across multiple distribution channels. On January 19, 2007, it merged with Firestone Communications, owner and operator of Sorpresa!, the nation's first Hispanic children's television network and digital community. Sorpresa! is offered on Cablevision, Charter, Comcast, Cox, Time Warner, Verizon and The National Cable TV Cooperative. Sorpresa! is also available through third party mobile and broadband platforms, including Google Video Google Video is a free video sharing and video search engine service from Google that allows anyone to upload video clips to Google's web servers as well as make their own media available free of charge; some videos are also offered for sale through the Google Video Store. , MSN (1) (MicroSoft Network) A family of Internet-based services from Microsoft, which includes a search engine, e-mail (Hotmail), instant messaging (Windows Live Messaging) and a general-purpose portal with news, information and shopping (MSN Directory). Latino, AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. Video, Akimbo, Verizon Wireless, MobiTV, Brightcove and sorpresatv.com. In addition, Firestone provides satellite uplink services for television network distribution, and production facilities and services for video program production. [TABLE OMITTED] [TABLE OMITTED] |
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