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Network Media Group announces results for the quarter ended August 31, 2018
Network Media Group announces results for the quarter ended August 31, 2018 Canada...
About this update from Network Media Group Inc.
[{"type":"text","content":"\n\n\n\nNetwork Media Group announces results for the quarter ended August 31, 2018\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Oct. 29, 2018\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNTIED STATES/\n VANCOUVER, Oct. 29, 2018 /CNW/ - Network Media Group Inc. (\"Network\" or \"the Company\") (TSXV: NTE) announced today its results for the three and nine months ended August 31, 2018.\nFor the quarter ended August 31, 2018, the Company reported a net income of $41,792 ($0.00 per share) for the three month period and a net loss $76,696 ($0.00 per share) for the nine month period then ended. \nAdditional highlights of the quarter are:\nRevenues of: $0.9M for the three months ended, and; $1.8M for the nine months ended.EBITDA of:  $0.4M for the three months ended, and; $0.9M for the nine months ended.EBITDA per share of: $0.01 for the three months ended, and; $0.01 for the nine months ended.Delivered and released I Am Paul Walker Continued production on three additional I Am projects Continued production on its 8 episode documentary with YouTube Premium about Artificial Intelligence The Company's unaudited condensed interim consolidated financial statements for August 31, 2018 and 2017, are available on www.sedar.com under the Company's profile. \nCEO Derik Murray quotes, \"In this quarter, the Company delivered on a proprietary project, but more importantly continued work on projects which will have revenue recorded in Fiscal 2019, setting that year up to be a highly successful one for the Company.\" \nA more detailed analysis of the other components of the Company's performance can be found in its Management's Discussion and Analysis as filed on www.sedar.com.\nAbout Network Media Group Inc\nNetwork 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...