Germany’s TV-Loonland enjoyed increased revenues and a positive cash flow compared to last year, according to its Q1 report.
Revs were up by US$997, 650.00 to US$2.2 million for the quarter, almost doubling Q1 2007 figures. And on the heels of the strong performance, management expects to conclude two important transactions in the coming weeks and use those proceeds to repay the company’s remaining bank debt of US$7.7 million. Further announcements regarding the conclusion of these deals should be made shortly.
The first quarter 2008 report is available for download at the company’s Investor Relations Homepage ( http://ir.tv-loonland.de/ )