VVDB ViaVid Broadcasting Inc (GM)

ViaVid Broadcasting Inc. (OTCBB:VVDB), a provider of teleconferencing, web conferencing, transcription and support services, has announced its second quarter results for the three month period ending September 30, 2005. For the quarter ended September 30, 2005, revenues were $330,774, compared to $256,981 in the comparable period of the previous year. On an annual basis, revenues increased 29% for the quarter. Sequential quarterly revenues in the quarter ended September 30, 2005 increased by 4% from $318,176 in the first quarter to $330,774 in the second quarter. Net loss for the quarter was $(6,981), or ($0.00) per share, compared to $(34,152), or ($0.00) per share, in the same quarter last year. For the quarter ended September 30, 2005, our operating expenses were $338,011, compared to $291,189 in the comparable period of the previous year. The increase in total operating expenses is due to the additional consultants, staff and outside services required for the increased workload. Cash and receivables at September 30, 2005 were $346,700, while Accounts Payable and accrued liabilities were at $352,010. Cautionary Statement: This press release includes "forward-looking statements" as defined under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, that involve risks and uncertainties. Forward-looking statements made herein and elsewhere concerning VIAVID include, but are not limited to, our plans and objectives for our future operations, including plans or objectives relating to our services, , our plans and objectives regarding revenues and expenses in future periods, our needs for capital expenditures, our ability to maintain our competitive position, our plans and objectives and needs to raise additional capital, the terms on which such capital can be raised, the period over which any capital available currently to us or raised in the future will be sufficient to meet our current or future levels of operating and other expenses, and our plans regarding the uses of that capital, as well as any other prospective financial information concerning us. We cannot assure you that we will be successful in growing our user and customer base as we plan, attracting companies to use our Internet-based communication services for the dissemination of their news information, realizing material amounts of webcasting or other revenues, achieving any commercial advantage relative to other financial news dissemination media companies or raising the additional capital required to support our operations or the terms and conditions on which such capital can be raised. If our assumptions are incorrect or our webcasting or other growth plans or plans to realize revenues or raise additional capital fail to materialize, we may be unsuccessful in developing as a viable business enterprise. Under such circumstance your entire investment will be in jeopardy and may be lost. Our business plan has evolved over time, and we expect that our plans will evolve further in the future. We caution you that various risk factors relating to our forward looking statements are described, among other places, in our Annual Reports on Form 10K-SB, Quarterly Reports on Form 10-QSB, and our Current Reports on Form 8-K. These risk factors could cause our operating results, financial condition and ability to fulfill our plans to differ materially from those expressed in any forward-looking statements made in this press release and could adversely affect our financial condition and our ability to pursue our business strategy and plans. -0- *T VIAVID BROADCASTING, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Expressed in United States Dollars) (Unaudited) -------------------------------------------------------------------- -------------------------------------------------------------------- Three Months Three Months Six Months Six Months Ended Ended Ended Ended September 30, September 30, September 30, September 30, 2005 2004 2005 2004 -------------------------------------------------------------------- REVENUE Broadcast and web income $ 330,774 $ 256,981 $ 648,950 $ 480,396 ----------- ----------- ----------- ----------- EXPENSES Amortization 5,352 5,594 10,446 10,838 Conference calls 135,634 103,748 278,698 215,316 Consulting 86,346 90,669 168,707 158,926 Interest - 1,127 - 2,307 Office and miscellaneous 60,910 46,929 124,289 87,305 Professional fees 22,727 17,966 36,146 33,187 Rent 8,735 4,572 17,175 8,250 Salaries and benefits 17,759 17,987 33,550 37,397 Travel and promotion 548 2,597 1,832 2,701 ----------- ----------- ----------- ----------- 338,011 291,189 670,843 556,227 ----------- ----------- ----------- ----------- Loss before other items (7,237) (34,208) (21,893) (75,831) OTHER ITEMS Loss on sale of property and equipment - (9) - (457) Interest income 256 65 474 97 ----------- ----------- ----------- ----------- Net loss (6,981) (34,152) (21,419) (76,191) Other comprehensive income (loss) 8,590 (5,057) 14,372 6,384 ----------- ----------- ----------- ----------- Comprehensive income (loss) $ 1,609 $ (39,209) $ (7,047) $ (69,807) -------------------------------------------------------------------- -------------------------------------------------------------------- Basic and diluted income (loss) per common share $ (0.00) $ (0.00) $ (0.00) $ (0.00) -------------------------------------------------------------------- -------------------------------------------------------------------- Weighted average number of shares of common stock outstanding 14,988,000 14,446,696 14,988,000 14,395,815 *T ViaVid Broadcasting Inc. (OTC Bulletin Board:VVDB)