NTN Communications Announces Strongest Quarterly Subscriber Growth in Eight Years for its iTV Entertainment Network
NTN Communications Announces Strongest Quarterly Subscriber Growth in Eight Years for its iTV Entertainment Network
Q3 Results Drive Total Subscriber Count to 3,959 Restaurants and Sports Bars, the Highest in Company History
CARLSBAD, Calif., Oct. 24 /PRNewswire-FirstCall/ -- NTN Communications, Inc., (AMEX:NTN) a leader in interactive games and entertainment for cable and satellite TV, mobile phones and the hospitality industry, announced today net site growth of 127 restaurant and sports bar subscribers in North America during the 3rd quarter 2005 for its iTV Entertainment Network, the highest achieved during any quarterly period since 1997. The increase brings the company's North America installed base to 3,959 subscriber sites, an increase of 381 subscribers over Q3 2004 and the highest subscriber site count in the company's history.
The increase was driven by strong 3rd quarter North America site sales, the highest third quarter sales level in eight years, representing a 20% increase over sales in 3rd quarter, 2004.
"Our new programming of Fantasy Sports Tracking and Texas Hold'em, along with solid marketing and sales efforts, continue to drive the strong upward trend in our Network installed base," stated Chairman and CEO Stan Kinsey. "Market excitement for our product remains very strong. We will be aiming to accelerate growth even further in future quarters through continued investments in new content offerings, strong customer service and intensified sales efforts."
About NTN Communications
Based in Carlsbad, CA, NTN Communications, Inc. is the parent corporation of the NTN Hospitality Technologies(TM) division and Buzztime Entertainment, Inc., a subsidiary. The NTN Hospitality Technologies segment, which focuses on the out-of-home hospitality industries, is comprised of the NTN Interactive Television (iTV) Network, NTN Wireless Communications, Inc., and NTN Software Solutions, Inc. Buzztime Entertainment, Inc. produces Buzztime(R), the play- along games channel, live sports prediction games such as QB1(R) and many other games that allow one or many players to participate. In addition to the NTN/Buzztime iTV Network, Buzztime's games are available on cable TV, satellite TV, mobile phones and plug-n-play home versions. For more information, please see www.ntn.com.
Except for historical information contained herein, this release contains forward-looking statements which reflect management's current views of future events and operations, including sales trends and performance, all of which are subject to risks and uncertainties including the risks of changing economic conditions, product demand and market acceptance, and the impact of competitive products and pricing. Other important factors that may cause actual results to differ materially from the forward-looking statements are discussed in the "Risk Factors" section and other sections of NTN's Form 10-K/A for the year ended December 31, 2004, which is on file with the Securities and Exchange Commission. NTN does not undertake to publicly update or revise any of its forward-looking statements even if new information or future events show that the indicated results or events will not be realized.
CONTACT: For NTN Communications: Andy Wrobel Chief Financial Officer (888) 752-9686
Source: NTN Communications, Inc.
CONTACT: For: Andy Wrobel, Chief Financial Officer of NTN Communications, +1-888-752-9686
Web site: http://www.ntn.com/
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