Vidaroo Corporation Announces Annual Results Indicating an Increase in Operating Margin of 55%
24 Septiembre 2010 - 8:38AM
Vidaroo (OTCBB:VIDA) today announced its Operating results for the
year ended June 30, 2010. Revenue increased by 19% to $1.3 million
while Operating Margin improved by over 55% to $.96
million. The Company continued to show a net loss but reduced
that loss by $.75 million to just under $2.5 million.
"We are pleased to see the growth in demand for both our online
video platform and production services," states Mark Argenti, CEO.
"Our production offerings have been valued by our clients for
many years for the same high quality now being discovered in our
online video solution."
"The growth of both our revenue and margins demonstrates the
focus of the Company to produce product offerings that are valuable
to both our clients and shareholders," says Tom Moreland,
CFO. "We look forward to focusing on maintaining our margins
while we grow the business in a methodical and sustainable
fashion."
About Vidaroo Corporation
Vidaroo Corporation is a video technology company that provides
the best-in-breed Online Video Platform, video production and
advertising on its Online Video Network that reaches over 10
million visitors monthly. Vidaroo's Online Video Platform, Online
Video Advertising Network and video production has earned the trust
of a growing customer base including advertising agencies, iconic
artists, media companies, organizations, businesses, and national
brands such as Microsoft, Coca-Cola Company, Tribune News Company,
Toyota, Emmis Communications, Clear Channel, Black Eyed Peas, Mary
J. Blige, Britney Spears, Justin Timberlake and more. Vidaroo's
Online Video Publishing Technology enables firms to easily create,
deliver and monetize video and advertising delivery. See
vidaroo.com
Some of the above statements may be 'forward-looking' statements
as defined by section 27A(c)(1)(A)(i) of the Securities Act of
1933.
See vidaroo.com for a full safe harbor disclosure statement.
CONTACT: Vidaroo Corporation
Tom Moreland
tom.moreland@vidaroo.com
Vidaroo (CE) (USOTC:VIDA)
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