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FortuNet Reports Second Quarter 2009 Results
LAS VEGAS, Nov. 11, 2009 (GLOBE NEWSWIRE) -- FortuNet, Inc. (the "Company") (Nasdaq:FNET) today filed with the Securities and Exchange Commission its quarterly report on Form 10-Q for the quarter ended September 30, 2009.
The Company's revenue slightly increased during the quarter as compared to the same quarter in the prior year. Specifically, for the quarter ended September 30, 2009 the sales were $3.947 million as compared with the sales of $3.922 million for the same quarter of last year, an increase of approximately 0.6%. However due primarily to the non-cash write-off of previously capitalized software development costs in the amount of $1.685 million, the Company lost 7 cents per share for the current quarter as compared to 5 cents of earnings per share for the same quarter of the previous year.
CONTACT: FortuNet, Inc. Investor Contact: Jack Coronel (702) 796-9090 firstname.lastname@example.org
The following information was filed by Fortunet, Inc. on Thursday, November 12, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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