http://www.buzztime.com/investor-relations.html
Pleased to Meet You
Buzztime is a titan of fun. The maestro of casual entertainment – purveyor of playtime since 1985. We give people an enjoyable way to unwind from a hectic day and reconnect with friends and family. Our casual games ignite quick thinking and inspire spontaneous laughter. And locations with Buzztime are at the heart of the action.
While we don’t take ourselves too seriously, this is a pretty serious business. NTN Buzztime, Inc. is a publicly traded company. (Amex: NTN-News) We are a premier developer and distributor of casual, interactive entertainment via multiplayer, out-of-home, real-time TV games. Say that five times fast!
We give customers a way to build their business by engaging patrons and giving them an irresistible reason to stay longer, buy more and come back often. It’s all about showing people a really darn good time – and Buzztime is, hands down, the best way to do just that.
Where to Find Us
| United States Headquarters NTN Buzztime, Inc.
5966 La Place Court
Suite 100
Carlsbad, CA 92008
USA
[P] 760.438.7400
[F] 760.438.3505 | Canada Headquarters NTN Buzztime Canada, Inc.
220 Wyecroft Rd.
Suite 48
Oakville, ON L6K 3V1
CANADA
[P] 905.845.7165
[F] 905.845.4862 |
For technical support, call 800.745.4686
Monday-Friday: 9:30am-9:30pm ET
Saturday-Sunday: 10:30am-7:30pm ET
=====
CARLSBAD, Calif., August 12/PRNewswire-FirstCall/ — NTN Buzztime, Inc. (NYSE AMEX: NTN) today announced results for the second quarter ended June 30, 2010.
“While our financial results for the second quarter of 2010 remain relatively stable overall, our termination rates and churn percentages continue to reach unacceptable levels, offsetting gains from customers acquired during the period and therefore suppressing revenue growth. Having now completed our initial strategic review of the business, we are now fully engaged in executing on key initiatives that we believe will lead to increased customer retention and acquisition which will provide long-term revenue growth from the core business. These initiatives focus maximum impact on our most important objectives to move the business forward: the user experience and the value potential that can be unlocked for our venues,” said NTN Buzztime’s CEO Michael Bush.
Results for the Second Quarter Ended June 30, 2010
Revenues for the second quarter of 2010 were $6.2 million, compared to revenues of $6.3 million for the same period of 2009. The 1.5% decrease in revenue was primarily due to a decrease in advertising revenue.
The Company ended the second quarter of 2010 with 4,009 subscribing venues, compared to 3,871 at June 30, 2009, an increase of 3.6%. During the second quarter of 2010, installations were down approximately 7.1% while terminations were up 63.1% compared with the second quarter of 2009. Customer churn was 7.6% for the quarter up from 4.9% in the prior year period.