GlobalTel News Releases

INTERACTIVE MEDIA TECHNOLOGIES, INC. SIX MONTH FINANCIAL RESULTS

Boca Raton, Florida
September 10, 1998.

InterActive Media Technologies, Inc. (IMT) announced financial results for the six months ending June 30, 1998. Sales were $2,973,926 and profits were $133,545. IMT’s results are in comparison with sales of $1,160,212 and a loss of $ (168,542) for the six months ending June 30, 1997.  

Steve Williams, President, said, “thanks to our streamlining efforts we have been able to reduce costs while increasing sales. The profit we are generating should be sustainable and we anticipate continued profitability in the future.” 

In September 1997, IMT began offering international and domestic calling card services to US based agents and international distributors.  The prepaid calling card business now accounts for approximately 60% of IMT’s revenues. IMT anticipates rolling out additional services in the next few months including its GlobalTel Direct Dial Service that enables travelers to access international toll-free lines in over 150 countries to initiate telephone calls anywhere in the world. 

IMT provides international call re-origination services to over 2,500 customers in 95 countries through a network of independent agents and provides international and domestic calling card services to US based agents and international distributors. The Company is capitalizing on the growing demand for international telecommunications services by specializing in the creation of enhanced services to under-served international markets. 

Summary of Six Month Financial Results