Satellite Video-on-Demand Boosts Telecommunication Products’ Revenues
Telecommunication Products [OTCBB: TCPD], a video-on-demand service startup, reported revenues of $120,181 for the second quarter ended Sept. 30. CEO Robert Russell attributed the revenues to the company’s launch of commercial, video-on-demand satellite systems nationwide. “As of Sept. 30, 2003, we have captured an installed base of 8,000 hotel rooms nationwide, resulting in revenues of more than $100,000. We remain committed to further building our top-line through the systematic deployment of additional systems in the U.S., Puerto Rico and the Virgin Islands,” he said.