Telehop Communications Inc. Announces its Year End Results for 1997.TORONTO--(BUSINESS WIRE)--April 14, 1998--Telehop Communications (VSE See DOS/VSE. VSE - Virtual Storage Extended :THOP THOP Tilton House Of Pizza (Tilton, NH) THOP TrizecHahn Office Properties THOP thehomeofpoker.co.uk (website) .) Telehop Communications Inc. is pleased to announce its year end results for 1997. Gross revenues increased by 45 percent over the prior year, by $953 thousand dollars, from $2.1 million to $3.1 million. Net earnings also rose 45 percent over the prior year, from $251 thousand dollars to $363 thousand dollars representing earnings per share of $0.04. Cash flows increased dramatically over the prior fiscal year. Telehop reported that the increase in sales was attributable to an active advertising campaign initiated in the past year and that sales were expected to continue growing in 1998. Telehop is a full service long-distance provider within the telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. industry and trades on the 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. under the symbol THOP and has approximately 11.8 million common shares outstanding. CONTACT: Telehop Communications Inc. Hersh Spiegelman, 416/494-4490 |
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