Juniper Group Reports Increase in Revenue
February 01 2011 - 05:06PM
Juniper Group, Inc. (OTCBB:JUNP), a growing national supporter to
wireless telecommunication companies, reported today that its
revenue for the nine months ended September 30, 2010 increased to
approximately $2,080,000, as compared to $212,000 for the nine
months ended September 30, 2009. Although revenues in the third
quarter were not as strong as the first half of the year, we were
still able to grow the company. The overall increase in revenue was
a direct result of the company's wholly owned telecommunications
subsidiary devoting all of its resources to building its wireless
infrastructure services business.
|
Nine Months Ended
September 30, |
|
2010 |
|
2009 |
Revenues |
$2,080,000 |
|
$212,000 |
Operating Costs |
$1,471,000 |
|
$191,000 |
Gross Profit |
$609,000 |
|
$21,000 |
SG&A Expenses |
$1,708,000 |
|
$821,000 |
Loss from Operations |
($1,099,000) |
|
($800,000) |
This positive chapter in Juniper Group's growth is occurring at
the same time the wireless sector fundamentals are strong with the
major telecommunication companies gearing up 4G, the next level of
communication. In his recent State of the Union Address,
President Barack Obama pledged to expand access to mobile broadband
services to nearly all U.S. residents. "Within the next five years,
we'll make it possible for businesses to deploy the next generation
of high-speed wireless coverage to 98 percent of all Americans," he
said. "This isn't about faster Internet or fewer dropped calls.
It's about connecting every part of America to the digital
age."
President Obama said that access to high-speed wireless Internet
services could not only help rural farmers and small business
owners better sell their products but also help first responders
cope with emergency situations and improve education and
healthcare.
Vonya McCann, Sprint's government affairs executive said the
company "commends President Obama for his leadership in promoting
nationwide access to advanced wireless services and working to
ensure that our nation's first responders get what they have long
needed and deserved, wireless interoperable public safety broadband
services."
Vlado P. Hreljanovic, President and CEO, said, "This initiative
bodes well for companies like Juniper who provide infrastructure
service support to the leading wireless telecommunications
companies in providing them with maintenance and upgrading of
wireless telecommunication network sites, site acquisitions, tower
construction and antenna installation to tower system integration,
hardware and software installations."
Safe Harbor
This press release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. The
forward-looking statements are based on current expectations,
estimates and projections made by management. The Company intends
for the forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements. Words such as
"anticipates," "expects," "intends," "plans," "believes," "seeks,"
"estimates," or variations of such words are intended to identify
such forward-looking statements. The forward-looking
statements contained in this press release include, statements
regarding the expected growth trend. All forward-looking
statements in this press release are made as of the date of this
press release, and Juniper assumes no obligation to update these
forward-looking statements other than as required by law. The
forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from those set
forth or implied by any forward-looking statements and include the
risk that our growth will not continue as anticipated and
the factors discussed in the Business and Management's
Discussion and Analysis sections in our Annual Report on Form
10-K and subsequent Quarterly Reports on Form 10-Q and Current
Reports on Form 8-K. Copies of these filings are available at
www.sec.gov.
CONTACT: Juniper Group, Inc.
Investor Relations:
516-829-4670