Quick Index
 Adult Industry News
Search AINews Database
Type Keyword or Phrase Here
New York's VIP Elite Boutique Dating Service Pornography feminists unshackle their desires and celebrate their sexuality in the patriarchal world
   
 

Front Page
Film News
Media News
Business News
Clubs & Appearances
Law & Politics
Internet & Mobile News
Lifestyles Arts Health Charity
Letters to the Editor
Columns
Movie Spotlight Reviews
Interviews
Pornstar Pages
AINews Staff
Ad Rates
PR 101: Press Release Service

Caliente Swinger Vacations!

Join Tera Patrick

June 04, 2001 05:15am
New Frontier Media Hits Revenue and EBITDA Targets for Fiscal '01
Source: New Frontier Media, Inc.
by: Company Press Release

(BOULDER, CO) -- New Frontier Media, Inc. (Nasdaq: NOOF - news), a leader in the electronic distribution of adult entertainment, announced its preliminary financial results for the fiscal year ending March 31, 2001. The Company reported that total gross revenue before chargebacks and credits was $61 million or a 25% increase over fiscal 2000 gross revenue.

Fiscal 2001 adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) for the Company and its subsidiaries, before one-time, non-recurring litigation expenses ($1.3 million), was reported as $8.0 million, or a 136% increase, over fiscal 2000 EBITDA.

On a subsidiary basis, the Company's Subscription/PPV TV Group reported revenue of $25 million for the fiscal year ended March 31, 2001, or a 46% increase over fiscal 2000, and EBITDA of $4.3 million versus an EBITDA loss of $.7 million in fiscal 2000. On a subsidiary basis, the Company's Internet Group, including its associated Payment Service Provider Group, reported gross revenue before chargebacks and credits of $36 million for the fiscal year ended March 31, 2001, or a 15% increase over fiscal 2000, and EBITDA of $6.4 million, or an 8% increase over fiscal 2000 EBITDA.

The Company also reported net income for the fiscal year ended March 31, 2001, of $3.3 million, including a $4.1 million tax benefit from historical losses, a $2 million litigation reserve, and an investment write-down of $.5 million, compared to net income of $1.1 million, which includes an $.8 million tax benefit, for the previous year. Earnings per share were reported as $.16 per basic share and $.14 per fully diluted share for the year, compared to $.06 per basic share and $.05 per fully diluted share a year ago.

``Our revised financial guidance was met for fiscal 2001,'' stated Mark H. Kreloff, Chairman and Chief Executive Officer. ``Fiscal 2001 was a key building year for New Frontier Media. Our Company is now firmly established as a leading provider of highly profitable subscription and PPV services to the satellite and cable markets. In addition, we have successfully integrated the Internet Group into our multi-platform content distribution strategy. We anticipate that fiscal 2002 will bring added distribution of our programming on cable and satellite multi-channel platforms as well as VOD, NVOD, narrowband and broadband Internet markets. We believe selected consolidation opportunities exist in the Internet market and anticipate that we will be in a position to pursue these opportunities this fiscal year.''

New Frontier Media anticipates that it will file its fiscal 2001 Form 10-K on or before June 29th. The Company will conduct its year-end results conference call on June 18, 2001. The Company expects that its financial results will be finalized at the time of this conference call.

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of Securities & Exchange Act. The Company intends forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. All statements related to the Company adding distribution of its programming on satellite and cable multi-channel platforms as well as VOD, NVOD, narrowband and broadband Internet markets in fiscal 2002, the Company's ability to pursue Internet market consolidation opportunities, the timing of the filing of its Form 10-K, the finalization of its financial results and the outcome of any contingencies are forward-looking statements. All forward-looking statements made in this press release are made as of the date hereof, and the company assumes no obligation to update the forward-looking statements included in this news release. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Please refer to the Company's most recent Form 10-Q, Form 10-KSB and other filings with the SEC for additional information regarding risks and uncertainties, including, but not limited to, the risk factors listed from time to time in such SEC reports. Copies of these filings are available through the SEC's electronic data gathering analysis and retrieval system (EDGAR) at www.sec.gov.

ABOUT NEW FRONTIER MEDIA, INC.

New Frontier Media, Inc. is the fastest growing distributor of Adult Entertainment today. The Company delivers the most extensive lineup of quality programming over the broadest range of electronic means including cable, satellite, Internet, Broadband and video-on-demand.

The Erotic Networks, the umbrella brand for the Company's subscription and pay television subsidiary, provides pay-per-view and subscription TV networks to over 25 million cable, DBS (direct broadcast satellite) and C-band households throughout North America. The Erotic Networks include Pleasure(TM), TeN(TM), ETC (Erotic Television Clips)(TM), Extasy(TM), True Blue(TM) and X-Cubed(TM). These networks represent the widest variety of editing standards available and are programmed without duplication to offer the most extensive selection of adult network programming under a single corporate umbrella.

IGallery, the Company's Internet subsidiary, is a leader in the adult Internet market serving both the consumer and webmaster markets. IGallery designs and manages its own membership-based web sites for the consumer market. IGallery also offers a wide range of products and services to the webmaster market. Presently, IGallery owns over 1,500 Internet domain names and operates 50 thematically organized consumer sites. Collectively, these sites generate over 60 million visitors each month. IGallery's own Internet network infrastructure enables the delivery of live and on-demand video events to millions of Internet users.

For more information contact Karyn Miller, Chief Financial Officer, at (303) 444-0900, extension 102, and please visit our web site at www.noof.com.

New York's VIP Elite Boutique Dating Service


RavenBay02.3gp

Porn for GEEKS! Meet me & my friends!

Top Stories

MWA: 03/10/17

Prop 60, Part One

Prop 60, Part Two

MWA: 03/05/17

Phillips, Valentina Deliver BJs

MWA: 03/06/17

Briana Banks Comeback

MWA: 03/01/17

Color Blind's Kasey Warner

MWA: 02/24/17

Patriots Win = Superbowl BJs!

Cindy Starfall Interview

Kiki Daire at Christie's

About Emma Hix

Royal Empire Productions

MWA: 01/09/17

Golden Age Star Appearances

Spotlight Studios Adult Industry Party

Jenevieve Hexxx Antics

AEE 2017: A Resounding Success

Bill Margold Memorial Fund

Thoughts About Bill Margold

Take Care and Care Take

Bill Margold Memorial (UPDATED)

Bill Margold Died

Time with Tanya Tate

New Model Leila Sugarcookie

TTS Discount at LV Office

Official APAG Statement

Jelena Jensen Girlsway GOTY

MWA: 01/06/17

Vivid's Sex Tape Wish List

Darling Running for Assembly

Valentina Nappi Available in 2017

­­­­Melania Trump Impersonator at Little Darlings

Rachel Raxxx CumBang

Inked Angels Now Podcasts

Brothel Seeks Britney Spears Lookalike

Rodney Moore Covers Glen Campbell Song

Vicky Vette AVN Nom

Osa Lovely Signs Skyn

Vote Porno Dan

I Love 80s Porn Contest

Goodbye 2016, Hello 2017!

MWA: 12/31/16

VNALive Marathon

Genuine Sin VR

MWA: 12/20/16

More
Stories From

Business News

Spotlight Studios Adult Industry Party

Valentina Nappi Available in 2017

Osa Lovely Signs Skyn

Genuine Sin VR

Brothel Seeks Britney Spears Lookalike

Winter Wonderland at XBIZ

Press Release Service

Nina Kayy with Skyn

Coxxx Models Licensed in CA

Bukkake Participants Needed

Lolly Ink Self Booking

XBIZ 2017 Show

Allison Kilgore Returns

Tera Patrick Available

Skyler Nicole Available

Angela White US Resident

Valentina Nappi Available

Prague for TES

Invitation to the Venus

Business News Section Index

NightMoves Call for Sponsors

Dava Foxx Self-Booking

Kahlista Stonem Available

The Hedge Against Exploitation

Toy with Raquel Sultra

XBIZ Berlin Schedule

Savana Styles Available

ChargeSavvy at ED Show

Driller Signs The Rub

NightMoves Calls for Sponsors

Casting Call

ABK Beta Users Free

OC Signs Darcie Dolce

Brittany is Back

Dollie Darko with 101 Modeling

Mercy West Available

The V Agency Joins LATATA

Sin Claire with Foxxx

New Smash VP Wyatt Case

Epoch Club Special Event

Ink Inks OC, The Rub

XBIZ 2016 Announced

RAW Signs Sasha Bradshaw

Direct Reps Harper

SashaBrabuster's XXX Comeback

AJ Applegate Available

Freedom Acres Open House

Global Adult Industry Association

Tod Hunter Press Releases

Cumisha Amado at Sagebrush

J.Lo Doc Johnson Offer

AINews New Look

     
Copyright © 1998 - 2017 Adult Industry News (AINews.com)
All materials constituting text, articles, press releases, stories, columns, photographs, graphics, and code on the AINews.com domain are protected by copyright, and either owned by Adult Industry News (AINews.com), or reproduced with permission from other copyright owners. It may be downloaded and printed for personal reference, but not otherwise copied, altered in any way, or transmitted to others, without the written permission of Adult Industry News (AINews.com).