Quick Index
 Adult Industry News
Search AINews Database
Type Keyword or Phrase Here
Advertise with AINews 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

Porn for GEEKS! Meet me & my friends!

Club Jessica Jaymes - Official Website

August 14, 2001 05:46am
New Frontier Media Announces Improved First Quarter Revenue and EBITDA
Source: New Frontier Media, Inc.
by: Company Press Release

(BOULDER, CO) -- New Frontier Media, Inc. a leader in the electronic distribution of adult entertainment, announced its first quarter results for the year ending March 31, 2002. The Company reported net revenue of $15 million for the quarter ended June 30, 2001, an 11% increase from $13.5 million for the quarter ended June 30, 2000. The Company reported EBITDA (earnings before interest, taxes, depreciation and amortization) of $2.1 million for the quarter ended June 30, 2001, a 17% increase from $1.8 million for the quarter ended June 30, 2000.

On a subsidiary basis, the Company's Subscription/PPV TV Group reported revenue of $7.0 million for the quarter ended June 30, 2001, a 27% increase from $5.5 million for the quarter ended June 30, 2000. EBITDA for the Subscription/PPV TV Group was reported as $1.8 million, an increase of 100% from EBITDA of $0.9 million for the quarter ended June 30, 2000.

On a subsidiary basis, the Company's Internet Group reported that net revenue was $7.9 million for the quarters ended June 30, 2001 and 2000, and that EBITDA was $2.3 million for the quarter ended June 30, 2001, representing a 15% increase from $2.0 million of EBITDA for the quarter ended June 30, 2000.

The Company also reported net income for the quarter ended June 30, 2001 of $0.2 million, or $0.01 per basic and fully diluted common share, compared to net income of $0.7 million, or $0.04 cents per basic common share and $0.03 cents per fully diluted common share, for the quarter ended June 30, 2000. Net income for the quarter ended June 30, 2001 included tax expense of $0.2 million.

``Our Subscription/PPV TV Group continues to show strong results despite an overall weakening in the economy. We remain encouraged by this Group's performance and its overall contribution to New Frontier Media's revenue and EBITDA,'' stated Mark H. Kreloff, Chairman and CEO. ``Our Internet Group delivered results which were in line with expectations given the general softness in Internet related businesses. Adult Internet remains a viable business model for New Frontier Media and we are encouraged, in particular, by the strong revenue growth of our broadband site www. ten.com. We have taken steps to increase the traffic to our sites through new and creative marketing programs. In addition, we are placing a greater emphasis on the quality, depth and breadth of content on our sites with the goal of greater conversion and retention rates,'' continued Kreloff.

``Our first quarter results are in-line with budgeted numbers and our guidance for Fiscal 2002 remains unchanged,'' concluded Kreloff.

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the 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 Subscription/PPV TV Group's contribution to New Frontier Media's revenue and EBITDA, the viability of the Adult Internet business model, our ability to increase traffic to our sites, our ability to increase the conversion rates and retention rates of our web sites, our Fiscal 2002 guidance 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 Form 10-K 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.

(Data redacted)

The Condensed Statement of Operations should be read in conjunction with the Company's Form 10-Q and Form 10-K, and other SEC filings. To obtain copies, please contact Trish DeSandro at New Frontier Media, Inc.

New Frontier Media, Inc. will be conducting its conference call and web cast to discuss earnings today at 4:15 p.m. Eastern Time. The participant phone number for the conference call is (800) 218-8862. To participate in the web cast please log on to www.noof.com and click on Shareholder Info, then Webcasts & Events. A replay of the conference call will be available for seven days after 5:15 p.m. Eastern Time on August 14th at (800) 405-2236, access code 381844. The replay will also be archived on the Corporate web site at www.noof.com.

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 31 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. 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.

Advertise with AINews


RavenBay01.3gp

2018 Gentlemen’s Club EXPO and Adult Nightclub & Exotic Dancer Awards Show

Top Stories

Being a Pornstar

Sexual Harassment Trailer

HardArt Lauches Website

OneStone Hub

E11EVEN, Nova Win at ED Expo

HardArt Rejects Director Sally Forth

MWA: 08/19/18

Stokely Cherry OTM

August Taylor MILF PoY Nom

Phoenix Divina Hooking

ED Expo Opening Party

Vickie Jay on VNALive

HardArt 3 Pic Deal

Iron Girls 6

Carmen Valentina NightMoves Nom

Dillion Harper at Expose

Texas, Monroe, Valentien to SEXPO

The Puppeteer

Urban X Voting Open

Brooklyn Chase in Madison

HardArt's Hypersexuals a Success!

TES Affiliate Conference

Jessica Johnson Hooking

MWA: 07/27/18

Vote Olive Glass, NightMoves

Attn: Club Owners, Managers, Staff, Entertainers

2018 Inked Awards

Hard Art's Hypersexual

MWA: 07/25/18

Johnson Hosts Urban X

Dee Wallace at Horrorfest

MWA: 07/19/18 - XRCO

AirBnB Discriminates Against Sara Jay

Hard Art Shoots First

MWA: 07/21/18

Holly Hendrix at Exxxotica

Karen Fisher at Exxxotica

Carmen Valentina at Exxxotica

DomCon Registration Opens

Luna Star at Exxxotica

Elvira Receives Price Award

BSF Media Welcomes Sabrina Deep

MWA: 07/18/18

Jenevieve Hexxx Site Launch

Sex Expo NY 2018

MWA: 07/16/18

MWA: 07/15/18

Bush 7

Hard Art Signs Director

Pulse Inks Hard Art

MWA: 06/28/18

New Studio: Hard Art

XRCO Changes Venue

The Roast of April O'Neil

McCullough, Rai on Inside

Morgan, Foxxx CoHo XRCO

Big Ass Rubdown ~ Reviewer Rated

MWA: 05/03/18

MWA: 04/29/18

MWA: 04/28/18

Natasha Nice Free Agent

Holly Hendrix Self Booking

CDC: Undetectable HIV

2018 XRCO Nominees

YummyGirl

Natasha Nice Gangbang

Amateur Introductions 26

Sex Expo NY 2018

2018 XRCO Awards Announced

Anal Violation of Bonnie Grey ~ Reviewer Rated

Eros, a Short Film

Lee Signs Victoria June

Maxine X Voted #1

Czernich Releases Heavy Rubber 37

Legal Panel: Weinstein, #MeToo

Consent Checklist

Nice Girls Swallow 10

Paradise Wins Best Condom

Paradise, Astroglide StorErotica Nom

Paradise Marketing New Website

Dennis Paradise Inducted

More
Stories From

Business News

HardArt Lauches Website

HardArt 3 Pic Deal

Hard Art Shoots First

Hard Art Signs Director

Pulse Inks Hard Art

New Studio: Hard Art

Holly Hendrix Self Booking

Natasha Nice Free Agent

Consent Checklist

LewdWork Adult Job Board

Romantic Depot Harlem

Paradise, Astroglide StorErotica Nom

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

AJ Applegate Available

Dennis Paradise Inducted

AINews New Look

     
Copyright © 1998 - 2018 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).