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Press Release Source: Next Generation Media Corporation


Next Generation Media Announces Third Quarter Financial Results; Net Income Up 11%
Friday November 14, 9:30 am ET


SPRINGFIELD, Va., Nov. 14 /PRNewswire-FirstCall/- Next Generation Media Corporation (OTC Bulletin Board: NGMC - News), a leader in the direct mail industry, today announced financial results for the third quarter ended September 30, 2003. The Company announced increases in net income, total gain from operations, total assets, and stockholders' equity, although recording a slight decrease in revenues in the third quarter compared to the same period in 2002.






Next Generation Media Corporation, through its wholly-owned operating subsidiary United Marketing Solutions, Inc., provides direct marketing products to a network of franchisees that operate within exclusive territories who market to small and medium sized businesses in their territories.

The Company reported net income of $223,340, or $0.02 per basic and diluted share, for the quarter ended September 30, 2003 compared to $198,177, or $0.02 per basic and diluted share, for the same period in 2002. Total revenues decreased slightly to $1.97 million in the third quarter of 2003 compared to $1.98 million in 2002.

Total gain from operations for the quarter ended September 30, 2003 was $226,750, compared to a gain of $172,483 in 2002. Total assets were $2.3 million at September 30, 2003, up from $2.17 million at December 31, 2002. Total stockholders' equity increased to $1.6 million at September 30, 2003 compared to $1.2 million at December 31, 2002.

"We have significantly grown the business throughout 2003 and we anticipate improving our performance in the fourth quarter and in 2004," said Darryl Reed, President and CEO. "The Company recently announced 10 new franchisees, bringing its total number of licensees to 44, and has a marketing strategy in place to continually fuel Next Generation Media's growth."



http://biz.yahoo.com/prnews/031114/laf017_1.html