iEntertainment Network (IENT)

[mr40]

A trip down memory lane for IENT shows that JW has been promising to return IENT to the OTC for over a dozen years.

Has IENT ever been profitable???
Nov 16, 1999
iEntertainment announces quarter results
iEntertainment Network of Morrisville reported for the third quarter ending Sept. 30, 1999 revenue of $1.5 million, $1.1 million of which was from Internet related activities. The Internet revenue of $1.1 million represents a 137 percent increase over the prior year's quarter of $500,000. The company reported a current quarter loss of $2.8 million, which included $1.6 million of non-cash and one-time charges during the quarter. As the result of strong Internet revenue growth, the company reported a lower loss than $3.5 million incurred during the same period in 1998.


JW was forced to resign from IENT in August of 1999.
June 19, 2000
Stocks slide, but pay goes up
J.W. Stealey, former CEO of Morrisville-based iEntertainment, had the biggest percentage increase in total compensation among area execs, up 137 percent, primarily due to severance payments rendered after his resignation last August. Stealey received total pay of $438,025.

A few years ago was trading in dollars.

Looks like that "few" was back in 2000, some 15 years ago!

Nov 7, 2000, IENT made a new 52 week low. This was the result of a delay in the release of WarBirds. The 52 week high was $6.6875, low $1.

April 2, 2001
iEntertainment Network announces financials
Online media company iEntertainment Network Inc. has announced revenues of $6.9 million for the year ending Dec. 31, 2000, of which $6.7 million were Internet-related. This represents an Internet revenue increase of 108 percent over the prior year.
The operating loss for iEntertainment Network, which operates on a broad network of owned and affiliated Internet properties, was $1.6 million, versus a similarly adjusted operating loss of $11.4 million the prior year, an improvement of 86 percent.
For the quarter ending Dec. 31, 2000, total Internet revenues were $1.4 million, an Internet revenue increase of 37 percent compared with the same period in 1999. Operating loss for the period, adjusted to exclude goodwill, depreciation and impairment of long-lived assets was $1 million, compared with a similarly adjusted operating loss of $1.5 million during the same period in the prior year, an improvement of 31 percent.


April 4, 2001
Nasdaq will delist iEntertainment Stock
iEntertainment Network Inc. announced today that it has been notified by Nasdaq of the decision to delist the company's securities from The Nasdaq SmallCap Market at the opening of business on April 5, 2001.
The decision by Nasdaq to delist the company's securities was based on Marketplace Rule 4310(C)(8)(B) and results from the failure to maintain a $1.00 minimum bid price for the common stock of iEntertainment Network.
Upon delisting from Nasdaq, iEntertainment Network anticipates that the common stock will be quoted on the Over The Counter Bulletin Board (OTCBB).

In March of 2003, JW filed a FORM 15 and deregistered IENT's stock.

Sept 27, 2004
IEntertainment, formerly Interactive Magic, went public in 1998.
For the past 18 months, its battered shares have traded on the Pink Sheets, listed recently at 7 cents a share. Stealey hopes to see the company's shares return to the OTC Bulletin Board by the end of the year. The company employs 15 people.