Posted On: 05/24/2016 9:19:06 AM
Post# of 98289
$INMG POSTS RECORD 1ST QUARTER FINANCIAL RESULTS:
LOS ANGELES, CA – May 24, 2016 – (ReleaseWire), Innovativ Media Group, Inc. (OTCPK:INMG)
(“Company”), announced record financial results for the Quarter ending March 31, 2016. In the initial
reporting period for 2016 the Company’s revenues substantially increased to $45,879 compared with
just $46 in the corresponding Quarter from 2015 and the Company generated EBITA of $6,968
compared with a prior period loss of ($10,496.). The Company’s net Stockholder Equity as of March 31,
2016 was $2,726,129.
The strong financial results of the Company are due to its acquisition of media assets in June 2015, the
re-focus of the Company on digital entertainment media and the sale of its sports fantasy related
businesses.
LOS ANGELES, CA – May 24, 2016 – (ReleaseWire), Innovativ Media Group, Inc. (OTCPK:INMG)
(“Company”), announced record financial results for the Quarter ending March 31, 2016. In the initial
reporting period for 2016 the Company’s revenues substantially increased to $45,879 compared with
just $46 in the corresponding Quarter from 2015 and the Company generated EBITA of $6,968
compared with a prior period loss of ($10,496.). The Company’s net Stockholder Equity as of March 31,
2016 was $2,726,129.
The strong financial results of the Company are due to its acquisition of media assets in June 2015, the
re-focus of the Company on digital entertainment media and the sale of its sports fantasy related
businesses.
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