NightCulture Inc. Reports First Quarter 2013 Results; Strong Revenue Growth and Profitable Operations
HOUSTON, May 15, 2013 (GLOBE NEWSWIRE) -- NightCulture Inc. (the "Company") (OTCBB:NGHT) announced operating results for the quarter ended March 31, 2013, including a 22.7% increase in revenues to a record $1,016,986 for the 2013 quarter compared to $829,033 in the first quarter of 2012. Gross margin increased 48.4% to $598,955 from $403,722 in the 2012 quarter. The Company reported its first quarterly operating profit of $94,000, compared to a loss from operations of $28,701 in the 2012 quarter, and its first quarterly net income of $683,696, compared to a net loss of $3,832,516 in the 2012 quarter.
NightCulture Announces New Branded Festival: Houston Food Truck Fest
HOUSTON, May 13, 2013 (GLOBE NEWSWIRE) -- NightCulture Inc. (the "Company") (OTCBB:NGHT), announces a new branded festival, "Houston Food Truck Fest" which takes place Saturday, May 18, 2013 at Stereo Live. The festival will host 20 of Houston's most popular food trucks, live entertainment, and special performers. Estimated attendance for the festival is 3,000 hungry customers.
NightCulture Inc. Reports 2012 Results; Strong Revenue Growth
HOUSTON, April 17, 2013 (GLOBE NEWSWIRE) -- NightCulture Inc. (the "Company") (OTCBB:NGHT) announced 2012 year end operating results, including a 197% increase in revenues to a record $3,892,383 for the year ended December 31, 2012 compared to $1,308,339 for 2011. Gross margin increased 43.5% to $972,468 in 2012 compared to $677,778 in 2011. The Company's operating loss increased to $861,576 in 2012 from $428,722 in 2011 and net loss increased to $1,629,148 in 2012 from $511,711 in 2011.
NightCulture Announces Sold Out Show With Knife Party at Stereo Live
HOUSTON, March 26, 2013 (GLOBE NEWSWIRE) -- NightCulture Inc. (the "Company") (OTCBB:NGHT) is proud to announce a sold out show with Knife Party on Thursday, March 21, 2013 at Stereo Live in Houston, TX. The concert drew a capacity crowd of over 2,000 patrons at a $35 average ticket price. The show was produced in conjunction with Disco Donnie Presents.