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Emvelco Corporation Message Board

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  • stockmaster_9999 stockmaster_9999 Jan 15, 1999 7:20 AM Flag


    EWEB will come in at 5/6M nad will be profitable
    for the first time


    EWEB, through its wholly-owned subsidiaries, is engaged
    in the building of condominium apartments and
    building renovation; and
    provides leased line Internet
    services in Hungary. For the nine months ended 9/30/98,
    revenues totalled $3.2 million, up from $932
    Net loss fell 57% to $766 thousand. Revenues reflect
    the acquisition of the Internet business. Lower loss
    reflects the absence
    of financing costs and lower
    foreign currency losses and interest costs.