NightCulture Inc. Reports Record Revenue & Profitable Operations
March 31 2014 - 11:45AM
NightCulture Inc. (the "Company") (OTCBB:NGHT) announced operating
results for the year ended December 31, 2013, including a 44.8%
increase in revenues to a record $5,653,776 in 2013 compared to
$3,892,383 in 2012. The Company reported an operating profit of
$167,420 compared to a loss from operations of $861,576 in the 2012
reporting period. The Company reported a net income of $3,000,862
or $0.06 per share, compared to a net loss of $1,629,148 or ($0.03)
per share in the 2012 period.
NightCulture produced 170 events and festivals in 2013 up from
160 in 2012, a 6.25% increase.
Michael Long, CEO of NightCulture, stated, "We are extremely
pleased to be able to report our first profitable year of
operations as a public company. It's a testament to the
NightCulture team's hard work and dedication as well as the
excitement surrounding Electronic Music as a whole."
ABOUT NIGHTCULTURE INC.
NightCulture Inc. "Concerts that Change Your Life," is a premier
producer of live concerts and events. NightCulture operates in the
following markets: Houston, TX, Austin, TX, Dallas, TX, San
Antonio, TX, and Oklahoma City, OK. NightCulture is the first
Electronic Music oriented company to trade in the public markets.
http://www.NightCulture.com
Stereo Live, LLC, a wholly-owned subsidiary of NightCulture,
operates Stereo Live, a 25,000 square foot music and live events
venue located on 2 1/2 acres of land at 6400 Richmond Avenue in
Houston, Texas. http://www.StereoLiveHouston.com.
NightCulture Inc. produces Something Wicked Halloween Festival,
which drew over 20,000 fans in 2013 in Houston, TX.
http://www.SomethingWickedFestival.com
Safe Harbor Statement
Statements in this release that relate to future plans or
projected results of NightCulture Inc. are "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended by the Private Securities Litigation Reform Act
of 1995 (the "PSLRA"), and Section 21E of the Securities Exchange
Act of 1934, as amended by the PSLRA, and all such statements fall
under the "safe harbor" provisions of the PSLRA. Our actual results
may vary materially from those described in any "forward-looking
statement" due to, among other possible reasons, the realization of
any one or more of the risk factors described in our annual or
quarterly reports, or in any of our other filings with the
Securities and Exchange Commission. Readers of this release are
encouraged to study all of our filings with the Securities and
Exchange Commission. Readers of this release are cautioned not to
put undue reliance on forward-looking statements.
CONTACT: Michael Long
832-535-9070
NGHT@NightCulture.com