EX-99.1 2 exhibit991.htm EXHIBIT 99.1 Provided by MZ Data Products

EXHIBIT INDEX

Exhibit Number    Description of Document 
   
99.1    Press Release Dated February 16, 2006 
    (furnished, not filed)



ViaVid Broadcasting Reports Fiscal 2006 Third Quarter and Nine-Month Results

February 16, 2006 – ViaVid Broadcasting Inc. (OTC-BB: VVDB), a provider of teleconferencing, web conferencing, transcription and support services, has announced its third quarter results for the three and nine-month periods ending December 31, 2005.

For the quarter and nine months ended December 31, 2005, revenues were $355,165 and $1,004,115, respectively, compared to $258,732 and $739,128 in the comparable periods of the previous year. On an annual basis, revenues increased 37% for the quarter and 35.8% for the year-to-year nine-month periods. Sequential quarterly revenues in the quarter increased 7% from $330,774 in the second quarter to $355,165 in the third quarter. This is the seventeenth quarter of sequential revenue growth.

Net income for the quarter was $4,081, or $0.00 per share, compared to a loss of ($8,035), or ($0.00) per share, in the same quarter last year. This is the first time in the Company’s history that it has achieved an operating profit. Net loss for the first nine months of the fiscal year was ($17,289), or ($0.00) per share, compared to ($84,226), or ($0.01) per share, in the comparable prior period.

For the quarter and nine months ended December 31, 2005, our operating expenses were $351,340 and $1,022,183, respectively, compared to 267,783 and $824,010 in the comparable periods of the previous year. The increased operating expenses are primarily the result of increased conferencing costs incurred from the increase in conferencing business.

Cash and receivables at December 31, 2005 were $394,714, while Accounts Payable and accrued liabilities were at $392,081.

     Cautionary Statement: This press release includes “forward-looking statements” as defined under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, that involve risks and uncertainties. Forward-looking statements made herein and elsewhere concerning VIAVID include, but are not limited to, our plans and objectives for our future operations, including plans or objectives relating to our services, , our plans and objectives regarding revenues and expenses in future periods, our needs for capital expenditures, our ability to maintain our competitive position, our plans and objectives and needs to raise additional capital, the terms on which such capital can be raised, the period over which any capital available currently to us or raised in the future will be sufficient to meet our current or future levels of operating and other expenses, and our plans regarding the uses of that capital, as well as any other prospective financial information concerning us. We cannot assure you that we will be successful in growing our user and customer base as we plan, attracting companies to use our Internet-based communication services for the dissemination of their news information, realizing material amounts of webcasting or other revenues, achieving any commercial advantage relative to other financial news dissemination media companies or raising the additional capital required to support our operations or the terms and conditions on which such capital can be raised. If our assumptions are incorrect or our webcasting or other growth plans or plans to realize revenues or raise additional capital fail to materialize, we may be unsuccessful in developing as a viable business enterprise. Under such circumstance your entire investment will be in jeopardy and may be lost. Our business plan has evolved over time, and we expect that our plans will evolve further in the future. We caution you that various risk factors relating to our forward looking statements are described, among other places, in our Annual Reports on Form 10K-SB, Quarterly Reports on Form 10-QSB, and our Current Reports on Form 8-K. These risk factors could cause our operating results, financial condition and ability to fulfill our plans to differ materially from those expressed in any forward-looking statements made in this press release and could adversely affect our financial condition and our ability to pursue our business strategy and plans.

VIAVID BROADCASTING INC.
CONDENSED STATEMENTS OF OPERATIONS
(Expressed in United States Dollars)
(Unaudited)

                 
    Three Months    Three Months      Nine Months      Nine Months 
      Ended      Ended      Ended      Ended 
    December 31,    December 31,    December 31,    December 31, 
      2005      2004      2005      2004 
                 
 
REVENUE                         
     Income    355,165    258,732    1,004,115    739,128 
                 
 
EXPENSES                         
     Amortization      5,594      5,804      16,040      16,642 
     Conference calls      174,002      138,231      452,700      353,547 
     Consulting      76,977      51,525      245,684      210,451 
     Interest          1,126          3,433 
     Office and miscellaneous      53,364      41,649      177,653      128,954 
     Professional fees      13,285      5,717      49,431      38,904 
     Rent      8,939      4,869      26,114      13,119 
     Salaries and benefits      17,820      16,929      51,370      54,326 
     Travel and promotion      1,359      1,933      3,191      4,634 
                 
 
      351,340      267,783      1,022,183      824,010 
                 
Income (Loss) before other items                         
      3,825      (9,051)     (18,068)     (84,882)
 
OTHER ITEMS                         
     Gain on sale of property and          913          456 
     equipment                         
     Interest income      256      103      779      200 
                 
 
Net income (loss)     4,081      (8,035)     (17,289)     (84,226)
 
Other comprehensive loss      (5,081)     (17,475)     (20,223)     (23,859)
                 
 
Comprehensive income (loss)   (1,000)   (25,510)   (37,512)   (108,085)
                 
 
Basic and diluted loss per common                         
     share    (0.00)   (0.00)   (0.00)   (0.00)
                 
 
Weighted average number of                         
     shares of common stock                         
     outstanding      14,988,000      14,838,000      14,988,000      14,587,437 
                 

For more information regarding this release please contact:

ViaVid Broadcasting Inc.
Bob Gamon
Tel: 1-888-562-0262