President, CEO and Director Frank Galuppo had this to say, “Our first quarter resulted in our first significant revenue achievement of $234,400. And now, during our second quarter, as part of our redefined corporate strategy, we received a $200,000 advance on a production fee payable on gateway units produced under the new license agreement with Motorola.”
Amedia continues to work with Motorolla producing the equipment but has been more focused on their software which is crucial to achieving the speeds the gateway hardware can achieve.
AANI closed at $.28 down $.08
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August 16th, 2007 at 4:59 pm
James, thanks for all of the great comments today on http://www.betachaser.com. We have added you to our blogroll in gratitude. We look forward to following your site. cheers.