Gen2Media Corporation Files Quarterly Report for the Fiscal Period Ending 12-31-2009; Results Include 102% Increase in Operating Margin
ORLANDO, Fla., Feb. 16 /PRNewswire-FirstCall/ -- Gen2Media Corporation (OTC Bulletin Board: GTWO), an innovative video technology company offering an Online Video Platform, video production and online video advertising, has filed its 10-Q Quarterly Report for the fiscal period ending 12-31-2009. http://biz.yahoo.com/e/100216/gtwo.ob10-q.html
Tom Moreland, CFO, Gen2Media, states, "Our operating margin has increased 102% over the prior year while our revenue indicates a decline from the same period of the prior year. We are focused more on margin now as we continue to see the business move towards highly profitable revenue in all areas of our advertising network, production, and software technology."
Mark Argenti, CEO, Gen2Media Corporation, notes, "Our focus has been on securing high margin business. This Quarter shows a direct outcome of this effort. The Company is growing methodically as we successfully secure various sectors in our target markets including advertising agencies, media companies, and national brands."
About Gen2Media Corporation
Gen2Media 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. Gen2Media 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. Gen2Media's Online Video Publishing Technology enables firms to easily create, deliver and monetize video and advertising. The Company has offices in New York City and Orlando. For more information, please visit www.Gen2Media.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 www.Gen2Media.com for a full safe harbor disclosure statement.
SOURCE Gen2Media Corporation
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