LOS ANGELES--(Business Wire)--
National Lampoon, Inc. (Amex: NLN), the leading brand in comedy,
today released its financial results for fiscal second quarter 2008
ended January 31, 2008.
The company reported revenues for the second quarter 2008 of
$503,173 compared to $987,388 for the second quarter of 2007, along
with a net loss of $850,959 or ($0.10) per fully diluted share for the
second quarter of fiscal 2008, as compared with a net loss of
$2,064,719 or ($0.28) per fully diluted share for the second quarter
of fiscal 2007. The net loss for the second quarter of fiscal year
2008 includes non-cash costs associated with option and stock grants.
Daniel Laikin, Chief Executive Officer, commented, "We are now at
the point that we are delivering the film projects that we have been
so focused on, and look forward to recognizing revenue from these
areas going forward. And once again, with the exception of non-cash
option/stock charges, we have been successful in continuing to reduce
our operating costs while ramping up our primary business units. Now
that we have gotten our first original National Lampoon production,
'National Lampoon's Bag Boy' out to market, we will start to see the
associated revenue. We are also now completing post-production of our
second feature film 'National Lampoon's Ratko, the Dictator's Son',
and moving towards production of our third. I'm excited as we look
forward to seeing the financial results as we expand our film library
and brand."
About National Lampoon
National Lampoon, Inc. (AMEX: NLN) has been a dominant force in
the US comedy world for almost 40 years, and is currently active in a
broad array of media and entertainment segments. These include feature
films, television programming, online and interactive entertainment,
home video, audio, and book publishing. The Company also owns
interests in all major National Lampoon properties, including National
Lampoon's Animal House, the National Lampoon Vacation series and
National Lampoon's Van Wilder. National Lampoon reaches nearly one in
four of all 18 to 24 year old college students in America today. The
Company has three core operating divisions: National Lampoon Films,
which includes production along with theatrical and video distribution
of feature films; College Marketing Division; and National Lampoon
Networks, providing humor content through a number of platforms. These
include its National Lampoon College TV network, the National Lampoon
Humor Network - the most trafficked humor sites on the web, Toga
TV.com - the company's broadband channel, the Drunk University
Network, and the National Lampoon Video Network, which includes
channels on YouTube, AOL, Yahoo, Joost, and a number of digital video
platforms across the Internet. These are all anchored by the award
winning comedy website www.nationallampoon.com
for National Lampoon
Alastair Duncan, 310-300-0950 x 223
aduncan@LCOonline.com
Dawn Miller, 310-300-0950 x 231
dmiller@LCOonline.com
or
IR Contact:
Howard Gostfrand/David Sasso, 305-918-7000
info@amcapventures.com
www.amcapventures.com
Copyright Business Wire 2008
