FortuNet Announces Increased Revenues and Profits for First Quarter 2007
20 April 2007 - 12:30PM
PR Newswire (US)
LAS VEGAS, April 19 /PRNewswire-FirstCall/ -- FortuNet, Inc. (the
"Company") (NASDAQ:FNET) today announced preliminary financial
results for the fiscal quarter ended March 31, 2007. FortuNet
preliminarily estimates that its quarterly sales revenues and
earnings per share grew significantly over the same quarter of the
prior year. Specifically, for the quarter ended March 31, 2007, the
estimated sales revenues were approximately $4.3 million as
compared with the sales revenues of $3.9 million for the same
quarter of the prior year, an estimated increase of 9%. The
earnings per share for the quarter ended March 31, 2007 are
estimated to be approximately 10 cents, an increase of
approximately 8 cents as compared with the earnings for the same
quarter of the prior year (a 400% increase). About FortuNet, Inc.
FortuNet is a Las Vegas-based and Nevada-licensed manufacturer of
multi- game server- based gaming platforms. FortuNet's gaming
platforms include networks of both wireless and stationary player
terminals, cashier-based point-of-sale terminals, self-service
kiosks and central game file servers. FortuNet is a leader in the
mobile bingo gaming device market with its fourth- generation
wireless and stationary player terminals marketed under the
BingoStar(R) brand name and intends to enter the emerging mobile
gaming market in Nevada. Traditional casino games, such as keno,
slots and poker, have been adapted to FortuNet's gaming platforms,
which are planned to be marketed under its WIN-WINTM MobiPlayer(TM)
brand names. DATASOURCE: FortuNet, Inc. CONTACT: Jack Coronel of
FortuNet, Inc., +1-702-796-9090 or
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