September 12, 2008: Newsat Achieves Q1 Revenue Target NewSat Ltd says it has already achieved its first quarter revenue target for 2008-09, up 30% on last year. On the basis of the encouraging early year performance and the forward order sales pipeline, the company believes its cashflow breakeven point will be reached during the current financial year.
New York based merchant bank, Yorkville Advisors, has offered the company a drawdown facility of up to $US10 million ($A12.5 million).
A leading US industry magazine, Via Satellite, has provided further third party endorsement, finding NewSat’s stated goals in Ka band growth as apt and propitious.
The core of NewSat’s business value add proposition are the two teleport assets in Adelaide and Perth.
The company believes its share price has been disappointing and does not reflect the company’s actual worth
(Source: News Bites)
http://www.buysellsignals.net/BuySellSignals/report/Australia/Stock/PDF/Daily/Australia_pdf_1573.pdf
TG
newsat achieves q1 revenue target
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