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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.
For 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.
Additional highlights of the quarter are:
- Revenues 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.
CEO 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."
A 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.
About Network Media Group Inc
Network 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
most inspiring cultural icons and their endearing legacy. Our films
have featured a compelling lineup of icons from the worlds of
Music, Movies, Comedy, Sports, Politics and Business. The Network
premium brand of programming features outstanding casts and highly
cinematic, richly crafted storytelling. Our productions are
consistently embraced by both popular and critical acclaim
garnering awards, record ratings and unparalleled media
coverage.
Network's broadcast and distribution partners include: AHC, AMC,
Discovery Channel, CBC, CMT, CTV, Entertainment One,
FremantleMedia, HBO Canada, History Channel, iTunes, Lionsgate,
National Geographic, Paramount Network, Spike, Sundance TV,
Thunderbird and TMN. Our work has been recognized by the Academy
Awards, the Emmys, Realscreen Awards, the Gemini Awards, the LEOs,
the Los Angeles Film Festival,
Washington D.C. Silver Docs,
Seattle International Film
Festival, Tribeca Film Festival, Hawaii International Film Festival,
Houston International Film
Festival, Vancouver International
Film Festival, Banff Television Festival, and the International
Film and Television Festival of New
York. For additional information on Network Entertainment
Inc., visit www.networkentertainment.ca
Network's past projects and current productions can be viewed at
www.networkentertainment.ca
ON BEHALF OF THE BOARD OF DIRECTORS OF
NETWORK MEDIA GROUP INC.
"Derik A. Murray"
Derik A. Murray
Chief Executive Officer and Director
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Network Media Group Inc.