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Network Media Group Announces Quarter Ended February 28, 2019 Results
Network Media Group Announces Quarter Ended February 28, 2019 Results Canada NewsW...
About this update from Network Media Group Inc.
[{"type":"text","content":"\n\n\n\nNetwork Media Group Announces Quarter Ended February 28, 2019 Results\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, April 29, 2019\n\n\n\nVANCOUVER, April 29, 2019 /CNW/ - Network Media Group Inc. (TSX: NTE.V) (OTCMKTS: NMGGF) (\"Network\" or \"the Company\") today reported record financial results for the quarter ended February 28, 2019 (\"Q1 2019\"), including revenues of $986,248, net income of $166,010 and Adjusted EBITDA of $427,539.\nThe financial results for Network's Q1 2019 include the following highlights:\nRevenues of $986,248 (2018 - $158,904) Net income of $166,010  -  $0.00 per share (2018 – net loss of $323,488 - $0.00 per share) Adjusted EBITDA of $427,539 - $0.01 per share (2018 – loss of $60,035 - $0.00 per share) Continued production on two additional I Am projects, the four-episode series on PUNK with EPIX, the eight-episode documentary series with YouTube Original about Artificial Intelligence, and a documentary on Chris Farley.The Company's unaudited condensed interim consolidated financial statements for February 28, 2019 are available on www.sedar.com under the Company's profile.\nA more detailed analysis of the other components of the Company's performance can be found in its Management Discussion and Analysis as filed on www.sedar.com.\nAbout Network EntertainmentNetwork Media Group is the parent company of Network Entertainment Inc. Network Entertainment, founded and headquartered in Vancouver, British Columbia, Canada, produces premium content for global audiences. Network's documentaries and docu-series showcase the lives of the world's most inspiring cultural icons and their enduring legacy, featuring a compelling lineup of icons from the worlds of Music, Movies, Comedy, Sports, Politics and Business. The Network premium brand of programming features outstanding casts and highly cinematic, richly crafted storytelling. Network's productions are consistently embraced by both audiences and critics alike, gar...