BeaconEquity.com announces the publication of an article covering MediaNet’s fiscal 2009 first-quarter results, and its move to shift its gift card business to participating mall merchants.
Investors can view all of the investment articles for free by visiting: http://www.beaconequity.com/m
In the article the author writes:
“MediaNet Group Technologies Inc. (OTCBB: MEDG), developer of the largest online mall and affinity program platform, reported its fiscal 2009 first-quarter results ended March 31, 2009. … The Margate-Fla.-based retailer reported gross revenue increased 9.2% to $539,395, compared with $493,963 for the equivalent quarter last fiscal year. The first quarter was a net loss of $119,366, or a loss of 1 cent per common share, compared with a net loss of $225,982 for the first quarter of 2008, or a loss of 1 cent per common share.”
To boost profitability and raise brand awareness, MediaNet will offer its gift card business to participating mall merchants:
“The company shifted processing of its gift card business to participating mall merchants in an effort to increase profitability in this business. … The company said it increased its mall merchant base to more than 850, including recent members Walmart, QVC, Reebok, American Greetins, Virgin Atlantic, Skype, Swarovski and Meijer.”
To read the entire article visit http://www.beaconequity.com/m
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Source: BeaconEquity.com
Beacon Equity Research
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