AngelCiti Reports Strong First Quarter
WorldWide Management, a wholly owned subsidiary of AngelCiti Entertainment (OCT BB: AGLC) announced Monday that its first quarter of 2003 was its most financially successful quarter to date. The company processed a net handle of $16.7 million and had a gross net win of $410,597
George Gutierrez, the company's president, said he is looking forward to a bright future for the company, which provides gaming software to more than a dozen Web sites.
"We continue to be enthusiastic about the company's results and future prospects," he said, "as we move forward in implementing additional positive changes. We are exploring the capital markets for synergistic investment and merger opportunities to more rapidly implement our full business model and are seeking to increase the suite of available products we offer to clients."
Blue Square Improves Performance
The Rank Group plc (RNK) said last week that Blue Square, an online betting operator, is beginning to turn its financial status around, the Racing Post reported last week.
Mike Smith, chief executive of the Rank Group, which purchased Blue Square in January, said trading on the company has been good since the sale was completed and that both turnover and margins are improved.
The director of investor relations, Peter Reynolds, said Blue Square has made up for losses from Cheltenham and Aintree with its first-quarter growth.
Rank said it will incur a £6 million exceptional charge in its first-half results because of the purchase.
Betandwin.com Turnover and Gross Winnings Up
Betandwin.com reported last week that turnover and gross winnings for the first quarter of 2003 were up 77 percent and 274 percent respectively from the same period last year. The company also achieved a positive EBITDA for the first time.
In the quarter, betandwin increased betting and casino turnover to EUR 98.95 million, which compares to the EUR 50.76 million turnover the group got during the same time period last year. Turnover from betting operations was EUR 39.57 million compared to EUR 16.94 million last year.
Gross winnings from betting and casino operations totaled EUR 8.77 million.
The company experienced 31,391 registrations in the first quarter, an increase from the 29,022 it got in the first quarter of 2002.
SureFire Has Breakeven EPS in Q4
SureFire Commerce Inc. (FIR) is reporting breakeven earnings per share for the fourth quarter of this year compared to 5 cents per share for fourth quarter of last year.
The company had a net loss of $0.2 million for the quarter, which compares to a loss of $5.5 million for the fourth quarter of 2002. Operating profit was $0.9 million in the fourth quarter compared to an operating loss of $3.5 million in the same timeframe last year. Mitch Garber, said the results meet the company's expectations.
"The fourth quarter represents the second consecutive quarter of revenue and operating profit growth," said Garber. "As well, we met our guidance of breakeven in the fourth quarter of fiscal 2003."
Reports
Interactive Systems Worldwide Inc. (ISWI) said its revenue for the second quarter, ending March 21, were $8,000 as opposed to last year's Q2 revenue of $1,349,000.
Interactive Systems Worldwide Inc. (ISWI) - Second-Quarter Report