New World Brands, Inc. (PK:NWBD)
Business Focus: N/A
| Sector: Technology | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 340 West 5th Avenue EUGENE OR 97401 |
| Tel: | 1-502-8748006 |
| Website: | www.nwbtechnologies.com |
| IR: | See website |
| Key People | ||
| Nitin M. Amersey Chairman of the Board, President, Chief Executive Officer | ||
| Business Overview |
| New World Brands, Inc. is a telecommunications sales and service company, focusing on products and services utilizing voice over Internet protocol (VoIP) technology, with an emphasis on three principal lines of business: resale and distribution of VoIP and other telephony equipment, and related professional services; telephony service resale, direct call routing and carrier support services, and administration and distribution of long-distance and international calling cards. The Company's VoIP-related telecommunications equipment distribution and resale business is operated under the divisional name NWB Networks. Its wholesale international VoIP service business is operated under the divisional name NWB Telecom. Its calling card business is operated under the divisional name NWB Retail. The Company has refocused its distribution, sales and support efforts on equipment manufactured by TELES AG Informationstechnologien (TELES). |
| Financial Overview |
| For the nine months ended 30 September 2010, New World Brands, Inc. revenues decreased 33% to $2.3M. Net loss before extraordinary items increased 85% to $2.9M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Interest Income increase of 17% to $67K (expense), Other income increase from $0K to $4K (expense). |
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