NEW YORK, Dec. 11, 2002 (PRIMEZONE) -- Muller Media, Inc. (OTCBB:MULM) recently reported via Form 10Q-SB, filed on November 19, 2002, for the quarter ended September 30, 2002, net profit of $26,448, versus a net profit of $17,393 for the same period in the prior year. Gross revenues for the quarter ended September 30, 2002 were $1,125,770 versus $664,127 for the same period in the prior year.
Revenues for the nine month period ended September 30, 2002 were $3,505,737, versus $3,019,287 for the same period in the prior year. A net profit of $17,931 was reported for the nine month period ended September 30, 2002, versus a $300,172 loss for the same period in the prior year.
According to Dan Mullholland, President/COO, the increase in sales can be attributed to the release of a new film package, earlier this year.
John Adams, CEO announced that the company just filed a revised 10K-SB for the period ending December 31, 2001, which contained modifications to verbiage which is intended to provide compliance with the "plain English" requirement designed to make it easier to read and understand public filing documents. This revision was also made to include the company's financial information for the same reporting period for the period ending December 31, 2000. Muller had taken control of Business Translation Services on November 12, 2001 and subsequently changed the name of the company to Muller Media, Inc.
Muller Media also announced via a Form 8K Current Report filed on December 9, 2002 that the Board of Directors had approved a 20 to 1 reverse split of the company's stock. The record date for the split will be December 19, 2002.
Muller Media is an entertainment company which packages motion picture and other entertainment events and distributes them to television stations and cable networks within the United States.
This document contains forward-looking statements that involve risks, uncertainties and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the possibility that the business of the company suffers due to uncertainty; the market for the sale of certain products and services may not develop as expected; that development of these products and services may not proceed as planned; adverse litigious rulings and/or findings; other risks that are described from time to time in Muller Media Inc.'s Securities and Exchange Commission reports (including but not limited to the Company's annual report on Form 10-K for the year ended December 31, 2001). If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, Muller Media Inc. results could differ materially from expectations in these statements. The Company assumes no obligation and does not intend to update these forward-looking statements.