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Author Topic: WI-FI TV (WTVN) Releases Income Statement
JIF
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http://finance.yahoo.com/q/is?s=wtvn.pk

View: Annual Data | Quarterly Data All numbers in thousands
PERIOD ENDING 31-Mar-03 31-Dec-02 30-Sep-02 30-Jun-02
Total Revenue 221 32 65 317
Cost of Revenue 176 5 56 234

Gross Profit 45 27 9 83

Operating Expenses
Research Development - - 0 (0)
Selling General and Administrative 661 644 830 1,116
Non Recurring - - 2,397 -
Others 13 16 86 74

Total Operating Expenses - - 3,313 -


Operating Income or Loss (629) (633) (3,304) (1,106)

Income from Continuing Operations
Total Other Income/Expenses Net (206) - (123) 1,165
Earnings Before Interest And Taxes (835) (633) (3,427) 59
Interest Expense (204) 204 303 1,317
Income Before Tax (631) (838) (3,729) (1,258)
Income Tax Expense - - - -
Minority Interest - - - -

Net Income From Continuing Ops (631) (838) (3,729) (1,258)

Non-recurring Events
Discontinued Operations - - 0 (6)
Extraordinary Items - - - -
Effect Of Accounting Changes - - - -
Other Items - - - -


Net Income (631) (838) (3,729) (1,263)
Preferred Stock And Other Adjustments - - - -

Net Income Applicable To Common Shares ($631) ($838) ($3,729) ($1,263)

This is up to 2004. It's a bit old, but at least the are starting to meet the OTCBB requirements around financial reporting. Also, it starts to shed some light on them. Hopefully, we'll see the 2004 financials shortly.

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JIF
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And New PR

http://biz.yahoo.com/pz/050830/84801.html

NEWPORT BEACH, Calif., Aug. 30, 2005 (PRIMEZONE) -- Wi-Fi TV, Inc. (Other OTC:WTVN.PK - News) is bringing the excitement of Las Vegas to the world of Internet users with its new Las Vegas page at http://www.Wi-FiTV.com . Live TV and breaking news about Las Vegas is available immediately.
``Las Vegas is one of the world's leading tourist destinations, and Wi-Fi TV Inc. is delivering live TV, entertainment videos, advertisements, infomercials, breaking news stories and links that will bring Las Vegas closer to anyone in the world connected to the Internet,'' said Shelley Dietrich, a Wi-Fi TV Inc. associate.

About Wi-Fi TV Inc.

Wi-Fi TV Inc. offers free local, long distance and global telephone service with its Wi-Fi TV virtual dialer and 200 free one-click Wi-Fi TV content channels at http://www.Wi-FiTV.com. Wi-Fi TV, Inc. (http://www.wi-fitv.com) has a history of innovation in online content delivery and plans to quantify the value of this unique experience, now that high-speed Internet delivery is becoming available to millions of consumers around the world. Wi-Fi TV draws on the latest IPTV technology and ten years of experience in the delivery of video over the Internet in launching its new service.

ADVERTISEMENT


Forward Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements, as such term is defined in the Private Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

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Chadsly
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I still don't see the Las Vegas thing on their webpage. IMHO, I don't see why they wasted a PR on this news. Are they trying to say they making money off of these commercials?

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Chadsly
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Found it! Really sad.

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If you don't sweat the pennies, you're not making any money.

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Chadsly
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There were a bunch of old people sitting around and chatting. That's the glitz of Las Vegas?

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TalonSin
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Be careful, Alex the CEO is a crafty one. Five name changes and 3 reverse splits in 6 years from my understanding. Works for a very short play but I would think twice before thinking long with this guy.

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If you made money, it was a good trade

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Chadsly
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Currently at .0076. How long do you think it will be before they do another R/S?

It would be nice if he would R/S to above $5.00 so we could all short sell it.

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If you don't sweat the pennies, you're not making any money.

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Rollercoast
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This stock has had some good news lately but I'm thinking there could be some diluting going on. After the 200 to 1 r/s on july 22 OS was 24,994. It traded 9.76 m today and the price dropped dilution or mm manipulation. Any thoughts?

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tic_toc
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dilution scam. stay away or play if it runs.
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tic_toc
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..
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gamblit
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Yeah, diluting all the way. There's 100 people here that could tell you that. Be very careful, as tic_toc says, play, but even then, be careful. Alex said in one of his interviews to IBCS radio that issuing new shares was in his plan to generate future revenue. Said it himself.
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Chadsly
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quote:
Originally posted by bilder:
This stock has had some good news lately but I'm thinking there could be some diluting going on. After the 200 to 1 r/s on july 22 OS was 24,994. It traded 9.76 m today and the price dropped dilution or mm manipulation. Any thoughts?

Actually there would have been about 12 million shares; however, I do agree that the dilution is still happening. I heard another number recently for the new O/S. I think it was somewhere near 100M. I really think we need to keep this thread alive to keep people away from WTVN.

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If you don't sweat the pennies, you're not making any money.

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TalonSin
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Amen Chadsly.

I would not wish this stock on anyone, not even my ex-wife!

[Smile]

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If you made money, it was a good trade

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gamblit
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quote:
Originally posted by Chadsly:
quote:
Originally posted by bilder:
This stock has had some good news lately but I'm thinking there could be some diluting going on. After the 200 to 1 r/s on july 22 OS was 24,994. It traded 9.76 m today and the price dropped dilution or mm manipulation. Any thoughts?

Actually there would have been about 12 million shares; however, I do agree that the dilution is still happening. I heard another number recently for the new O/S. I think it was somewhere near 100M. I really think we need to keep this thread alive to keep people away from WTVN.
bilder, before the reverse split of 200/1 on 22 July, there were 1.5 billion shares in the picture. After 22 July, there were 7.5 million shares. Alex continues to dilute and throw more shares into the pot. The last I have read is that there is 41 million shares out there. That is six times what was there on 22 July. If he did not reverse split, would you be happy that there would be 6 times 1.5 billion, i.e. 9 billion shares out there, albeit at a lower price? The price now is approaching the pre 22 July price too. Remember that the story continues. I beg you, before you buy, ring the TA and confirm numbers. I, myself, wouldn't bother, but if you do ring them, give us all a laugh and let us know the new numbers [Wink]
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DIGDOUGH
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Is this the WTF-TV thread? Yea ok. Man this CEO knows how to jerk around the shareholder.
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JIF
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Everything these guys said is true. In fact, there is an old thread for wtvn when the ticker was still WFTV, and maybe one bofore that.

Many of us, including me, lost thousands on this POS.

But, sometimes I check out the web site and keep an eye on it. I made back a little bit when they recently released the new site.

And I think it will pop again if they ever get the Cinamapop web site going.

And finally, they may stop diluting if the revenues from the euro-tainment web site keep flowing. It's a movie on demand web site for porn. Yes, porn, but the technology is color blind and, if they can do porn on demand, they can get the cinemapop web site going too.

w w w dot eurotainment dot c o m

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clintonj
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excellent post JIF. Thx

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CJ
Calls/Holds:
TWRCP-.15
WEGI(millerTIME)
PMGJ-.0601
BTEM-.60
EXCS-.029
OPBL-.4601
PGNE-.0501

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clintonj
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news out today, some partnering taking place. Up already over 100% this morning.

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CJ
Calls/Holds:
TWRCP-.15
WEGI(millerTIME)
PMGJ-.0601
BTEM-.60
EXCS-.029
OPBL-.4601
PGNE-.0501

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JIF
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Thx. You guys can throw me some stars, if you want.

This stock pops every once in a while. Nice to see it today. But it will most likely come down.

imho, If it's going to pop, it will happen when they finally release the Cinemapop web site.

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You can't afford to risk, what you can't afford to loose.

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subbywrx
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I won't be sucked into this garbage stock again!
Take my advice... GARBAGE

Sink your money into CGPN for now.

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Chadsly
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Good news, but still a horrible stock.

INTL BROADCASTING CORP Quick Quote: IBCS 0.01 (-0.00)




IBC Radio Network To Offer Free Long Distance and Local Calls with Virtual Dialer Provided by Wi-Fi TV, Inc. and Phone Bridge Device to Plug a Regular Telephone into any Computer
10/3/05

IBC Continues its work to Provide Internet Telephony and Radio
Service for Listeners

SPOKANE, Wash., Oct 03, 2005 (BUSINESS WIRE) --
IBC Radio Network (OTCBB:IBCS) announced today that it is offering visitors to its web site to make long distance and local phone calls. IBC Radio Network is offering the Wi-Fi TV Inc. (OTC:WTVN) virtual dialer free to its users with a link on the home page of www.IBCRadio.com. In the IBC Store, IBC also offers the "Phone Bridge," a device which enables any conventional telephone to be plugged into any computer and also another product, an Internet Telephony handset, a special handset designed specifically for Internet phone calls. These products work with the Wi-Fi TV/IBC dialer for phone calls. The products are available at http://www.stockpickradio.com/ibc-store.htm

IBC Radio Network believes it has the first financial web site to offer free phone calls to customers, as a result of an arrangement with Wi-Fi TV, Inc. Starting today, our viewers can use the Wi-Fi TV Inc. virtual dialer, which allows free PC to phone and PC to cellular phone and PC to PC local and long-distance dialing. "While we are providing a great new service to our listeners, Wi-Fi TV Inc. is gaining greater exposure for its Wi-Fi TV brand, which is synonymous with Live TV on the Internet," said Daryn Fleming, President and CEO of IBC Radio Network. Mr. Fleming continues, "We feel we should continue our work in VOIP telephony by utilizing the experience and expertise of Wi-Fi TV, Inc. in our mission. Both the IBC Radio Network and Stock Talk LIVE Websites will offer the new dialer and both companies will pursue the acquisition and completion of a Wi-Fi Phone with radio capability. It is a pleasure to be working with Wi-Fi TV and Alex Kanakaris, President and CEO of Wi-Fi TV. We will be updating the shareholders of our progress over the next several weeks."

About Wi-Fi TV Corporation

Wi-Fi TV, Inc. (http://www.wi-fitv.com) offers consumers over 200 live TV channels on a global scale as well as free online local and long distance phone calls. Wi-Fi TV draws on the latest IPTV technology and ten years of experience in the delivery of video over the Internet in launching its new service.

About IBC Radio Network

IBC Radio Network (www.IBCRN.com) is a radio service with a unique, all-talk format distributed coast-to-coast and worldwide to AM radio affiliates. Content includes business, news, politics, science, and paranormal. IBCRN exclusively carries "Stock Talk LIVE." Stock Talk LIVE is located at www.StockTalkLIVE.net.

Statements in this press release other than statements of historical fact are "forward-looking statements." Such statements are subject to certain risks and uncertainties including the demand for the Company's services, litigation, labor market, and other risk factors identified from time to time in the Company's filings with the Securities and Exchange Commission that could cause actual results to differ materially from any forward looking statements. These forward-looking statements represent the Company's judgment as of the date of this release. The Company disclaims, however, any intent or obligation to update these forward-looking statements. The disclaimer for sponsors is located at http://ibcnn.com/disclaimer.htm

SOURCE: International Broadcasting Corporation

International Broadcasting Corporation Daryn P. Fleming, 509/466-3413 invest*ibcmedia.com

Copyright Business Wire 2005

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TalonSin
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Dont forget folks these guys recently did a reverse split and started over at .10 a share and now shortly after they are back down to .0032 per share thanks to dilution.

5 name changes and 3 reverse splits in 6 years. What does that tell you?

AVOID THIS ONE LIKE THE PLAGUE!!!

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If you made money, it was a good trade

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Chadsly
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I just believe that IBC is helping these guys out so much. I believe WTVN gave IBC 16k in shares back when the stock was worth about .003 (before the 1:200 RS). That's worth about $80 now.

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