Business Summary: Aquis Communications Group, Inc. offers messaging services in a nine-state network that provides coverage from Boston to Virginia and Washington District of Columbia, penetrating into New York, New Jersey, Connecticut, Pennsylvania, Maryland, Virginia, Delaware, Rhode Island and Massachusetts, through its operating subsidiary, Aquis Wireless Communications, Inc. (Aquis Wireless). The network uses the Company's 900-megahertz and 150-megahertz wireless messaging systems. Aquis also resells nationwide and regional services, offers alpha dispatch, news, data circuits, telecommunications consulting and other messaging enhancements. The Company's messaging enhancements include voice mail service that provides a personalized greeting, message repeat and retention services.
Financial Summary: BRIEF: For the six months ended 30 June 2004, Aquis Communications Group, Inc. revenues decreased 18% to $5M. Net loss decreased 20% to $52K. Revenues reflect Paging Services decrease of 19% to $4.8M, Equipment Sales decrease of 2% to $217K. Lower net loss reflects Sales and Marketing decrease of 39% to $570K (expense), Interest Expense,Net increase from $27K (expense) to $32K (income).