Replies to post #102 on Next Generation Management Corp (NGMC)

[ListenToMe]

Now that is HUGE!!!!!! ...What a great find Wreck!!!!

It just keeps getting better by the minute!!!

[AliAngel]

THIRD QUARTER PROFIT DOES NOT TURN POSITIVE FOR EPS

NEXT GENERATION MEDIA CORP.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)

Nine months ended September 30,
2009 2008
REVENUES:
Net sales $ 1,997,923 $ 4,180,361
Cost of sales 1,402,162 3,346,991
Gross profit 595,761 833,370

OPERATING EXPENSES:
Selling and administrative 667,860 1,220,104
Depreciation 207,250 231,259
Total operating expenses 875,110 1,451,363

INCOME/(LOSS) FROM OPERATIONS (279,349 ) (617,993 )

Other income — 30,282
Gain on sale of equipment 6,000 —
Interest expense, net (258,997 ) (250,450 )

Net Income (loss) before income taxes (532,346 ) (838,161 )

Income taxes — —

NET INCOME (LOSS) BEFORE MINORITY INTEREST $ (532,346 ) $ (838,161 )

Minority interest (28,999 ) 10,740

INCOME (LOSS) APPLICABLE TO SHAREHOLDERS $ (561,345 ) $ (827,421 )

Net Income (loss) per common share-basic (Note A) $ (.05 ) $ (0.07 )

Net Loss per common stock-assuming fully diluted (Note A) (see Note A )

Weighted average number of common shares outstanding-basic 12,373,397 12,373,397

Weighted average number of common shares outstanding-fully diluted (see Note A )