[DDL-Oracle-users] Rising Stars Equity Reports
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From: News <Te...@zs...> - 2005-08-16 03:57:33
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CHINA DIGITAL MEDIA CORPORATION REPORTS STRONG FINANCIAL RESULTS Revenues and Net Income Increase 59% and 38% Respectively Monday was FANTASIC as stock trades AMAZING 435.000 shares, now news is out so stand back and watch this take off !!! SYMBOL: CDGT Current Price: $2.33 2-5 Day Trading: $5-7 Press Release Source: China Digital Media Corporation China Digital Media Corporation Reports Strong Financial Results: Second Quarter of 2005 Revenues and Net Income Increase 59% and 38% Respectively Monday August 15, 8:00 am ET HONG KONG, Aug. 15 /Xinhua-PRNewswire-FirstCall/ -- China Digital Media Corporation ("Digimedia") (OTC Bulletin Board: CDGT - News) announced today its financial results for the Second Quarter ended June 30, 2005. Financial Highlights for the Three Months Ended June 30, 2005 Compared to the Three Months Ended June 30, 2004: -- Revenues increased 59% to $1,310,811 from $822,210 -- EBITDA improved 80% to $996,975 from $554,723 -- Net Income increased 38% to $705,651 from $511,411 Financial Highlights for the Six Months Ended June 30, 2005 Compared to the Six Months Ended June 30, 2004: -- Revenues increased 56% to $2,304283 from $1,481,519 -- EBITDA improved 78% to $1,697,766 from $951,343 -- Net Income increased 29% to $1,143,504 from $883,255 The strong performance in the second quarter of 2005 compared to the same period in 2004 was primarily due to the increase in number of TV subscribers, sales of Pay-TV and revenues from commercial accounts of digitalization of television signals. Furthermore, the company experienced significant growth in the second quarter of 2005 as compared to the first quarter of 2005. "We are very delighted with our strong performance in the second quarter of 2005. These results confirm our efforts in migration of the television broadcasting system and the operations of Pay-TV services in Nanhai, China. In addition, the per-subscriber revenue has increased significantly," said Mr. Daniel Ng, Chairman and CEO of China Digital Media Corporation. "We anticipate continued strong results from our core business. Our recent investments and upcoming acquisitions could further contribute considerably in our growth during the second half of 2005," Mr. Ng added. WE TOLD YOU MONDAY WAS GOING TO BE WOW, WATCH TUESDAY AS IT EXPLODES AGAIN ! Disclaimer: Information within this email contains "forwardlooking statements" within the meaning of Section 27Aof the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. 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