LOS ANGELES, Nov. 22 /PRNewswire-FirstCall/ -- IVI Communications, Inc. (BULLETIN BOARD: IVCM) (German WKN# A0DNWJ) announced its financial results for the second quarter ended September 30, 2005. The Company reported total revenue of $664,264 for the quarter, an increase of $647,514 from the $16,750 reported for the same period in 2004. This increase in revenues is due to the operations of Internet Business Consulting, Inc. and Appstate.net, LLC, both of which were acquired by the Company in January 2005. The basic and diluted loss per share for the quarter ended September 30, 2005 was $0.01 compared to a loss of $0.01 for the quarter ended September 30, 2004.
Internet Business Consulting, Inc. posted revenue for equipment sales of $562,367, consulting services of $4,986, and other miscellaneous services of $11,015; and Appstate.net, LLC posted revenue for internet services of $60,246. In addition, the Company realized $25,650 in management fees for services provided to Broadspot World Wide Wireless, Inc.
Nyhl Henson, the Company's President and CEO states, "I am very pleased with the substantial revenue growth the Company has demonstrated. We will implement a dual corporate focus for the second half of our fiscal year: Strategic acquisitions -- As our model continues to develop, our revenues should continue to grow; and Operational efficiencies -- We will seek to achieve near-term profitability by maximizing revenue opportunities, reducing costs and streamlining operations."
If you would like more information on IVI Communications, Inc., please visit our website at http://www.ivn.net/, or contact Investor Relations at Blue-Sky Solutions, LLC, Stephanie Soleas, (877) 4-BLUE-IR,
Forward-Looking Statements
This press release contains certain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those currently anticipated. Factors that could cause or contribute to such differences include, but are not limited to the fact that the Company may not be able to identify suitable acquisition candidates, or to acquire any such candidates on terms acceptable to the Company, the Company's revenues may not continue to grow, or may decrease, the Company's ability to retain the existing customers of acquired companies, market acceptance of products and technologies, competitive factors, the company's ability to continue to secure sources of financing and other factors described in the Company's filings with the Securities and Exchange Commission. The company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this press release.
