Nintendo Ds Pink - Nintendo

eGames Announces Preliminary Fourth Q...

24.08.09

Included in the anticipated net failure for the quarter ended June 30, 2009 is a $420,000 non-readies charge to operating expenses for the make out-off of the Company's intangible assets allied to the fiscal 2006 purchase of the Cinemaware video target dissemble properties. Excluding this non-recurring ask, the Company's fiscal fourth dwelling preliminary net loss would have been less than $200,000.

During its budgetary fourth quarter, the Coterie continued cost reduction efforts by reducing its commodity development expense by take $260,000, or 52%, compared to the like quarter a year earlier. Additionally, other operating expenses, (excluding the set-off of the Cinemaware intangible assets), decreased by generally $100,000 or 20% compared to last year's fourth monetary quarter.

At July 31, 2009, the Performers had approximately $230,000 in legal tender, compared to $344,000 at June 30, 2009 and $516,000 at Hike 31, 2009. Considering the Entourage's net losses for the most recent quarters in budgetary 2009 and fiscal years 2008, 2007 and 2006, and the inside info that eGames does not currently have access to a depend on facility, the Company continues to quantify its options to fund coming operations.

Source: GlobeNewsWire (press release)

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