Brazil Interactive Media Reports 107% YOY Increase in Minutes Billed for June, 2013
(firmenpresse) - MIAMI, FL -- (Marketwired) -- 07/23/13 -- Brazil Interactive Media, Inc. (OTCQB: BIMI), a Brazil-based interactive TV entertainment, production and broadcasting Company, today announced a 107% increase in minutes billed to customers during the month of June, 2013 versus June, 2012.
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 mainly through Oi Telecom, one of Brazil's largest telecommunications companies.
In May 2013, the Company billed approximately 2.9 million minutes of program participation versus 1.4 million minutes for the same period last year. The majority of minutes billed were generated 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, "We continue to see solid growth in our core programming 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.
Alan Hawkins
General Counsel
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: 23.07.2013 - 14:18 Uhr
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