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Affinity Technology Group, Inc.
Affinity Announces First Quarter Results and Updates Patent Litigation
June 6th, 2008
Affinity Technology Group, Inc. (OTCBB:AFFI) announced that revenues for the first quarter of 2008 were $8 thousand, with a net loss of $227 thousand, or $0.00 per share. For the comparable period of 2007, revenues were $8 thousand and the Company reported a net loss of $443 thousand, or $0.01 per share. The weighted average number of shares outstanding during the three months ended March 31, 2008 was 47.1 million and for the same period in 2007 was 45.3 million. Joe Boyle, Chairman, President and Chief Executive Officer of Affinity, stated, "During the first quarter our focus was on conserving cash and waiting on the United States Court of Appeals for the Federal...
Source: Health Business Week (2008-06-06)
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