ASI Entertainment Reports Increased Revenue from BizjetMobile
SEATTLE--(BUSINESS WIRE)--ASI Entertainment, Inc. (OTCQB:ASIQ) has released its quarterly 10-Q for the period ended December 31, 2014, showing increased revenue from license fees received from sale of BizjetMobile systems and services. Revenue increased four fold to $19,172 for the December 2013 quarter, and resulted in a loss of $5,349 for the period. The full 10-Q filing is available on the SEC's website at: http://edgar.sec.gov/. The CEO, Phil Shiels, said “it’s pleasing to see the revenue from the Company's intellectual property starting to build, and with the current level of enquiry being experienced by the licensee, the Company is optimistic that revenues should continue to grow.”
“it’s pleasing to see the revenue from the Company's intellectual property starting to build, and with the current level of enquiry being experienced by the licensee, the Company is optimistic that revenues should continue to grow.”
As a result, the Company has also extended for six months, the term of the license agreement for providing the billing for the North American BizjetMobile services, in order to further appraise the potential of BizjetMobile data services and the new Grrrilla program.
About the Company
ASI Entertainment owns intellectual property developed to allow communications in aircraft by shutting down the primary cell phone transmitter and connecting via Bluetooth to a personal electronic device, to facilitate data and voice communications.
ASiQ Limited, was licensed by ASI Entertainment in May 2008, to commercialize the intellectual property, and from this license has evolved ASiQ's BizjetMobile and Grrrilla inflight connectivity solutions.
Safe Harbor Disclosure:
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