Provo (FNT) bei 100 Mio. Umsatz nur mit 5 Mio. bewertet!! - 500 Beiträge pro Seite

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An was kann das liegen??

Provo International Announces First Quarter 2004 Results


PEARL RIVER, N.Y., May 17, 2004 (BUSINESS WIRE) -- Provo International, Inc.
(formerly Frontline Communications Corp). (AMEX: FNT), www.fcc.net, today
announced financial results for the three months ended March 31, 2004.

On April 3, 2003, Provo International, Inc. completed the acquisition of all of
the issued and outstanding stock of Proyecciones y Ventas Organizadas, S.A. de
C.V., a corporation organized under the laws of the Republic of Mexico ("Provo
Mexico"). Provo Mexico and its subsidiaries are engaged in the selling and
distribution of prepaid calling cards and cellular phone airtime in Mexico.
Provo Mexico`s results of operations are included from the acquisition date.

Revenues for the three months ended March 31, 2004 increased by 2,041.9% to
$22,835,287 compared with revenues of $1,066,127 for the three months ended
March 31, 2003. For the three months ended March 31, 2004, after recognizing
debt discount and conversion benefit expense of $859,498, the net loss increased
by $1,084,865 to $1,282,692 compared to a net loss of $197,827 in the comparable
period in 2003. Pursuant to the conversion of Series B Preferred shares into
common stock, there were no dividends for the three months ended March 31, 2004.
For the three months ended March 31, 2003, after adjusting for preferred stock
dividends, the net loss available to common shareholders was $272,294.

About Provo International Inc.

Founded in 1995 as Frontline Communications Corporation, traded on the American
Stock Exchange under the symbol FNT, Provo International Inc. has two operating
divisions, Provo Mexico and Provo US.

The Provo Mexico division (www.provo.com.mx), acquired in April, 2003, is a
Mexican corporation which maintains a dominant position within the prepaid
calling card and cellular phone airtime markets in Mexico. Provo Mexico and its
affiliates have been in operation for over seven years. The company currently
anticipates expanding existing Provo Mexico services to the continental United
States, and intends to begin marketing cash cards, payroll cards and other forms
of payroll and money transfer services, through both the Mexico and US
divisions, in the near future.

The Provo US division is a leading provider of Internet bandwidth services and
award winning Ecommerce, programming and website development, design and hosting
services through its PlanetMedia group, www.pnetmedia.com. Provo US plans on
expanding its current services and offerings beyond the traditional internet
sector with the launch of the Provo Paycard and other payroll disbursement
products and services.

[UntenrumUlrike]

#1
......the net loss increased
by $1,084,865 to $1,282,692 compared to a net loss of $197,827 in the comparable
period in 2003.




And that`s the point!!!!!

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+30% unter Megaumsaetzen!

Thats the point!!

[ooy]

Mittlerweile von 0,13 auf 0,20.