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NETFABRIC HOLDINGS,
INC.
Three Stewart
Court
Denville, NJ 07834
Denville, New
Jersey- August 15,
2005.
NetFabric Holdings, Inc., (
OTC BB:NFBH)(NetFabric) today
announced financial results for the three and six months ended
June 30,
2005.
These results include those of UCA Services, Inc. (UCA) from
May 20,
2005,
the date upon which we acquired all of the outstanding stock of
UCA.
Revenues for the three and six
months ended June 30,
2005,
increased by $2,273,330 compared to same periods of the period year. Prior
to the UCA acquisition, the Company did not have any revenue in periods
reported. On a pro forma basis, as if the results of UCA operations were
included for the entire periods presented, the Company had revenues of
$9,154,682 for the six months ended June 30,
2005
compared to $5,966,007 in the comparable period of 2004. Net loss for the
three months ended June 30, 2005 increased by $931,560 to a net loss
of $1,146,102 ( $ .02 per
share ) compared to a net
loss $214,542 ( $.01 per
share) in the corresponding period of 2004. For the six months ended
June
30,2005 the net loss increased by
$1,857,211 to loss of $2,154,032 ($.05 per share) compared to loss of
$296,821 ($.01 per share) in
the corresponding period in 2004.
Click here to see
Unaudited Condensed Results of Operations[PRFS062005.xls]
About
NetFabric Holdings, Inc.
NetFabric Holdings,
Inc., (OTC BB: NFBH - News), empowers
businesses to migrate from legacy to next generation converged platforms
and services that reduce operating costs while improving productivity and
competitive edge. Through four primary lines of business: Infrastructure
Development, Converged Platforms, Professional Services and Services over
IP, NetFabric delivers standard and custom solutions to meet the needs of
large enterprises, Enterprise Branch Offices and Small to Mid-sized
Businesses that require next generation platforms and applications.
Founded in 2002, NetFabric is based in Denville, NJ, and markets its products
directly and through partners including distributors, VARs and service
providers. For additional information, visit www.netfabric.net.
Safe harbor
for Forward-Looking Statements:
The foregoing
contains “forward-looking statements,” which are based on management’s
beliefs, as well as on a number of assumptions concerning future events
and information currently available to management. Readers are cautioned
not to put undue reliance on such forward-looking statements, which are
not a guarantee of performance and are subject to a number of
uncertainties and other factors, many of which are outside NetFabric’s
control, that could cause actual results to differ materially from such
statements. For a more detailed description of the factors that could
cause such a difference, please see NetFabric’s filings with the
Securities and Exchange Commission. NetFabric disclaims any intention or
obligation to update or revise any forward-looking statements, whether as
a result of new information, future events or otherwise. This information
is presented solely to provide additional information to further
understand the results of NetFabric.
Contact:
NetFabric Holdings, Inc.
Vasan
Thatham
973-887-2785 Ext
3365
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