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CELLULAR COMMUNICATIONS INTERNATIONAL ANNOUNCES OPERATING RESULTS FOR SECOND QUARTER 1993

 NEW YORK, Aug., 13 /PRNewswire/ -- Cellular Communications International, Inc. (NASDAQ: CCIL) ("CCII") announced today its operating results for the three and six months ended June 30, 1993.
 CCII's activities to date have focused on acquiring ownership interests in overseas cellular telephone systems in partnership with other companies. Currently, CCII's primary assets are its investment in Omnitel, an Italian joint venture organized to apply for a cellular telephone license in Italy (including San Marino and Vatican City), if and when the Italian government makes such a license available, and its agreement to invest in Sterling Cellular Ltd., which applied for cellular telephone licenses in the cities of New Delhi, Madras, Bombay and Calcutta, India.
 CELLULAR COMMUNICATIONS INTERNATIONAL, INC.
 (In thousands, except per share data)
 Three Months Ended June 30, 1993 1992
 General & administrative expenses $ 257 $ 303
 Write-off of deferred costs 60 --
 Depreciation expense 2 2
 Operating (loss) (319) (305)
 Interest and dividend income 91 202
 Net (loss) $ (228) $ (103)
 Net (loss) per common share $ (.03) $ (.02)
 Weighted average shares 6,662 6,640
 Six Months Ended June 30, 1993 1992
 General & administrative expenses $ 627 $ 614
 Write-off of deferred costs 60 --
 Depreciation expense 3 2
 Operating (loss) (690) (516)
 Interest and dividend income 199 410
 Net (loss) $ (491) $ (106)
 Net (loss) per common share $ (.07) $ (.02)
 Weighted average shares 6,653 6,638
 Discussion of Second Quarter Results:
 General and administrative expenses decreased from $303,000 to $257,000 because of a decrease in franchise tax expense, offset by increases in payroll and corporate overhead expenses related to efforts to obtain ownership interests in overseas cellular telephone systems.
 The company capitalizes costs incurred in connection with potential new licenses. In 1993, $60,000 was written-off in connection with unsuccessful efforts to obtain licenses.
 Depreciation expense was $2,000 in 1993 and 1992 as a result of an increase in depreciation from 1993 purchases offset by a decrease in depreciation from 1992 equipment becoming fully depreciated.
 Interest and dividend income decreased from $202,000 to $91,000 due to lower interest rates earned on investments as a result of the mandatory redemption of the CCI preferred stock in January 1993.
 -0- 8/13/93
 /CONTACT: William B. Ginsberg, president, 212-906-8440, or Thomas Tesluk, senior vice president, 212-906-8488, both of Cellular Communications International, Inc./
 (CCIL)


CO: Cellular Communications International, Inc. ST: New York IN: TLS SU: ERN

MP-LD -- NY077 -- 2707 08/13/93 16:55 EDT
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Date:Aug 13, 1993
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