|Poker.com, a leading provider of online gaming systems, today reported record results for the three months ending March 31, 2002.|
Total revenues for the third quarter were $710K, a new record for the Company, a 57% increase on the same quarter last year of $452K. Net income for the quarter was $77K, or $0.0045 per share.
First quarter revenue gains were the result of a significant increase in revenues generated from licensing and royalties.
Licensing revenues increased to $447K, up from $165K, the same quarter last year.
Royalty revenues increased to $241K, up from $131K, the same quarter last year.
Christa Taylor, Poker.com's President and CFO, said, 'Q1 2002 is exactly as I projected. We are all working hard to ensure that the remaining three quarters are on target and that 2002 will be an astonishing year for Poker.com Inc.'
Poker.com will be a Silver Sponsor at the Global Interactive Gaming Summit & Expo in Toronto on May 13-15, 2002.