MDI Achieves Nasdaq Aproval
MDI Entertainment, Inc., a company in the midst of attacking the online lottery market via its purchase of the Lottery Channel, announced that it has been approved for a listing on the Nasdaq Small Cap Market. The company's common stock will be listed under the new symbol "LTRY".
Youbet.com Buying Back Debt
Saying the company was in a solid cash position with over $52 million in cash at the end of March, Youbet.com chairman/CEOBob Fell announced Youbet was buying back and retiring some $17.3 million, or 46 percent, of its senior convertible debt for $9.9 million.
WNCR Commences Trading on OTC BB
Online casino operator Winchester Mining announced last week that it has achieved fully reporting status. The company has resumed trading on the OTC Bulletin Board under the symbol "WNCR."
New Opportunities for European Investors
E*Trade announced Wednesday the launching of online trading of American stocks in Sweden. The company considers Sweden to be a good launch place for American online stocks because more than 45 percent of Swedes are online and half of the Swedish population is said to invest in equities.
Meanwhile, BridgeNews reports that technology brokerage firm A.B. Watley Group Inc. has announced plans to offer customers of the Czech Republic broker Online Investor access to the U.S. market as part of a strategic alliance between the two companies. Online Investor plans to expand its services into Slovakia and Poland. Online Investor's, a.s. Customers will be able to invest and trade in all U.S. equities, equity options and mutual funds. The next step for Online Investor will be to expansion into Slovakia, Poland and other Eastern European markets.
Quarterly Reports
First Entertainment Holding Corp (FTET)
|
2000 |
1999 |
| Net Loss |
$1,475,000 |
$171,000 |
| Total revenues |
$708,000 |
$619,000 |
| Cost of sales - Live Entertainment |
$415,000 |
$380,000 |
| Radio Revenue |
$196,000 |
$183,000 |
| Costs/Expenses for Internet Division |
$503,000 |
N/A |
| Depreciation and Amortization |
$44,000 |
$31,000 |
| Management & Administrative Fees |
$70,000 |
$42,000 |
| General & Administrative Costs |
$1,383,000 |
$170,000 |
| Interest Expense |
$27,000 |
$27,000 |
| Issued Common Stock |
304,701 valued at $368,000 |
189,775 valued at $89,000 |
|
|
|
|
|
|
|
|
|
Total Entertainment Inc. (TTLN)
|
2000 |
1999 |
| Net Revenues |
$774,615 |
$266,673 |
| Net Profit |
$339,992 |
$125,184 |
| Cost of sales - Live Entertainment |
|
|
| Cost of sales - Live Entertainment |
|
|
| Cost of sales - Live Entertainment |
|
|
Global Payment Technologies Inc (GPTX) (Dollar amounts in thousands, except share data)(unaudited)
|
March 31, 2000 |
September 30, 1999 |
| Total Assets |
$24,810 |
$26,122 |
| Total Current Assets |
$22,070 |
$23,722 |
| Total Current Liabilities |
$3,484 |
$4,090 |
| Total Liabilities |
$6,334 |
9,084 |
| Total Liabilities and Shareholders' Equity |
$24,810 |
$26,122 |
Global Entertainment Holdings/Equities, Inc., & Subsidiaries - Consolidated Statement of Operations (Unaudited) For the Three Months Period January 1, 2000 to March 31, 2000 and the Three Months Period January 1, 1999 to March 31, 1999
|
March 31, 2000 |
March 31, 1999 |
| Total Revenues |
1,111,582 |
638,313 |
| Total Expenses |
1,030,293 |
506,378 |
| Income (Loss) from Operations |
81,289 |
131,935 |
| Total Other Income (Expenses) |
26,419 |
1,829 |
| Net Income |
$94,010 |
$133,764 |
| Weighted Avg. Shares Outstanding & Retroactively Restated |
10,108,741 |
891,963 |
| Weighted Avg. Shares & Options Outstanding |
10,108,741 |
891,963 |
| Total Assets |
$4,115,235 |
$3,644,625 |
| Total Current Liabilities |
791,993 |
762,021 |
| Total Liabilities |
1,146,974 |
1,122,416 |
| Net Stockholders' Equity |
2,968,261 |
2,522,209 |