CALGARY, Aug. 28 /CNW/ - Multiplied Media Corporation (TSX-V: MMC), a
Calgary-based provider of mobile local search services, today reported results
for its second quarter ended June 30, 2009.
Total revenues for the quarter ended June 30, 2009 were $101,200 compared
to $21,018 for the same period in 2008. The net loss for the quarter ended
June 30, 2009 was $523,205, or $0.006 per basic share, compared to a net loss
of $1,669,879, or $0.03 per basic share, in the same period of 2008.
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Summary of Quarterly Results of Operations - For Quarters Ended June 30
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2009 2008
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Total Revenue $101,200 $21,018
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Net loss from operations $(523,205) $(1,669,879)
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Loss per share - Basic $(0.006) $(0.03)
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Total assets $814,185 $899,352
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Total liabilities $659,775 $771,120
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Outstanding Shares - Basic 95,182,296 69,458,298
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Outstanding Shares - Fully Diluted 114,341,296 76,895,580
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On April 1, 2009, the Company announced a mobile distribution agreement
with Idearc Media which commercialized the Poynt application in the United
States. Distribution of Poynt through the newly launched BlackBerry App World
also commenced on this date.
In April, the Company announced a private placement that closed on May 15
and resulted in gross proceeds of $583,000.
On May 21, the Company was named as an Innovator Nominee in the GSMA's
Mobile Innovation Grand Prix, EMEA Tournament resulting in being awarded the
Most Innovative Consumer Application for the EMEA region (Europe, the Middle
East & Africa).
Poynt was launched in two new geographic areas - Germany and the United
Kingdom - during the quarter.
