Gaming Strategy
Featured Stories
Legal News Financial News Casino Opening and Remodeling News Gaming Industry Executives Search News Subscribe
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Related Links
Search Our Archive of Gaming Articles 

IA Global Increases Revenue Guidance

26 January 2005

BURLINGAME, California – (PRESS RELEASE) -- IA Global Inc. (Amex: IAO) announced that projected revenues would be $11,000,000-$11,800,000 for the 4th quarter of 2004 at current exchange rates and $30,800,000 - $31,600,000 for the full year 2004. Previous guidance released in our December 14, 2004 earnings press release was $9,500,000 to $10,200,000 for the 4th quarter of 2004.

The company's CEO, Alan Margerison, said, "we are pleased to increase our revenue guidance for the 4th quarter of 2004 and for full year 2004 again. Rex Tokyo had an even stronger quarter than expected due to the performance of the new West Tokyo office, increased sales to its largest customer, the sale of slot machines directly rather than as an agent and the sale of Tesco lighting systems by Timothy World. In addition, we were favorably impacted by the average exchange rate during the quarter."

The President of Rex Tokyo, Mr. Hiroyuki Ejima said, "Over the past three to six months Rex Tokyo has invested capital into expanding and opening new office facilities, recruiting new staff and the financing of subsidiary companies. It is pleasing to see initial results of this investment showing through with the increased revenue figures."

The quarter ending December 31 is typically Rex Tokyo's highest revenue quarter due to increased new store openings in Japan. We expect to release our results for the year ended December 31, 2004, in late February, 2005.

About IA Global Inc.

IA Global, Inc. is a public holding company focused on acquiring Japanese and US companies that operate in the entertainment, media and technology areas. We hold a 60.5% equity interest in Rex Tokyo Ltd., a supplier and maintenance contractor of parts to the Pachinko and slot machine gaming industry in Japan. Through our 67% equity interest in Fan Club Entertainment Ltd., we are a creative design studio focused on web and traditional print media, including providing services to the official Fan Club in Japan for Marvel Entertainment Inc. and Marvel Characters Inc. We hold a 95% equity interest in QuikCAT, a leading multi-media compression technology company, which has developed several patent video, picture and audio compression algorithms (codecs).

< Gaming News