Video River Networks Inc (NIHK)

[Investor100]

Bullish Comments from CEO!

Contacted CEO Doug Saathoff with several questions related to NIHK-sales, margins, outlook, and reducing cost given the economy and below is his response today.

I am more optimistic and bullish given today's news and Doug's comments. Winning ESPN business could certainly help the company get into other media outlets!!

I have been adding on dips and will continue to do so!

GLTA

Investor 100

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Good morning! The following release went out this morning and discusses our results for 2008, which are included in our Form 10-K that was filed with the SEC yesterday. As you can see, it was a record year by many accounts. I’m most happy that our growth did not come at the sacrifice of margins or with added expense. We increased margins and cut SG&A costs, so every dollar of revenue actually contributed more to bottom line. By doing so, I think we’ve set a clearer path to positive cash flows and profitability. We did take an impairment charge, a non-cash charge, at year end as a result of lowering near term expectations of our set top box business. I think this will be a common theme at companies across the country this year due to the economy. As I have already mentioned, the economy has affected our business early in 2009, particularly on the set top box front as hotels have slowed spending. But I see positive signs, and I’m optimistic that growth is already starting to return. We have great products of to offer, and are introducing new products into our markets that are already creating excitement and getting the attention of new customers. You will see in the release that we have recently sold equipment ESPN – this was a great win for Nighthawk, as they chose our technology after studying the offerings of other companies. That is great exposure for us - Nighthawk technology is being used in the most state-of-the-art production facility in the U.S.!



Have a great day!



Doug