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ACT Teleconferencing Announces First Quarter 2003 Results; 17% Revenue Growth Over Q1 2002.

PR Newswire

| May 14, 2003 | COPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

 
              $0.06 Reduction in Loss Per Share Over Q1 2002 
             $7 Million Subordinated Debt Financing Completed

DENVER, May 14 /PRNewswire-FirstCall/ -- ACT Teleconferencing, Inc. , an independent worldwide provider of audio, video and web-based conferencing products and services, today announced results for the first quarter of 2003.

Revenues grew by 17% to $14.9 million for the first quarter of 2003 as compared to the same period in 2002. For the same period, audio conferencing revenues, excluding revenues from Concert, which have been discontinued, grew by 29% over first quarter 2002. Including Concert, audio conferencing ...

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