Alldigital Holdings, Inc. (ADGL)

[NJHowie]

Q3 was the pivot point

"We implemented a number of financial and operational initiatives in August 2014, with many of them starting to take hold," said Brad Eisenstein, AllDigital's Chief Financial Officer and Chief Operating Officer. "Our goal is to achieve cash flow profitability in 2015."

AllDigital anticipates that through the growth and expansion of its patented technology, tighter cost controls and continuing efficiencies in its own development methodologies, direct costs should decrease and gross profit should improve [in the near and long-term].

"The third quarter looks to be a pivot point for our company, and I'm proud of what we have accomplished," said Michael Linos, AllDigital's CEO and President. "That said, there is plenty of work to be done, including increasing our revenues. I am very excited about our recent acquisition of the Brevity ultrafast transcode/transport technology and the early demand indications for our AllDigital Brevity product. This could be a real game changer for our company and our customers."