Brazil Interactive Media Reports 79% YOY Increase in Minutes Billed for July and August, 2013
(firmenpresse) - MIAMI, FL -- (Marketwired) -- 09/12/13 -- Brazil Interactive Media, Inc. (OTCQB: BIMI) (the "Company" or "BIM"), a Brazilian-based, interactive TV entertainment production and broadcasting company, today announced 7.2 million in call minutes generated during the months of July and August, 2013.
Brazil Interactive Media generates monthly revenue when participant-viewers of its TV programs dial in on dedicated phone lines and are charged a standard, per minute rate primarily through Oi Telecom, one of Brazil's largest telecommunications companies. Oi Telecom then distributes a portion of those billings to the Company.
In July and August of 2013, Brazil Interactive Media generated 4.1 million and 3.2 million call minutes, respectively, totaling approximately 7.2 million minutes, a 79% year over year increase from the same two month period in 2012. The majority of minutes generated were primarily via its leading program, "QI (Quiz Cultural)," an interactive, dial-in audience participation quiz program that airs nationwide.
Brazil Interactive Media CEO Tim Psomiadis stated, "This is the eighth consecutive month of double-digit growth in our minutes generated. As we have previously stated, we expect this solid growth in our core programming to continue and are currently developing new content which we believe can generate additional call minute streams and contribute further to our overall revenue."
Brazil Interactive Media, Inc. is a U.S. holding company and the parent of Brazil Interactive Media Participações Ltda., which through its wholly-owned subsidiary, EsoTV Ltda., combines live television broadcasts with a telecommunications component to create live, interactive programming for the Brazilian marketplace. Through its platform, the Company manages the entire process from concept to national broadcast and monetizes call traffic generated for telecommunications providers. For more information, programming and air times, please visit .
This news release contains "forward-looking statements" which are not purely historical and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit .
Contact:
Tim Psomiadis
CEO
Brazil Interactive Media, Inc.
Main: (305)789-6621
Email:
John Mattio
SVP
MZ North America
Main: (212)301-7130
Direct: (212) 301-7131
Email:
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Datum: 12.09.2013 - 15:34 Uhr
Sprache: Deutsch
News-ID 296144
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