Juniper Reports 2Q update from October 2006
Juniper Group reported a second consecutive quarter of revenue growth
October 5, 2006
BOCA RATON, Fla. -- Juniper Group, Inc. (OTCBB:JUNI) reported a second consecutive quarter of revenue growth.Juniper reported strong second quarter of June 30, 2006 revenues of$1,214,000 vs. $100,821 for same period in 2005. Juniper's firstquarter revenue for March 31, 2006 was $1,159,000. The increase inrevenues was due to the continuing growth of the March 2006 acquisitionof New Wave Communications, Inc.
Juniper's CEO, Vlado P. Hreljanovic, stated "We are very pleased withour second quarter performance, and we have increased revenues from ourexisting customer base. Additionally, we have entered into new MasterService Agreements with substantial new clients that will be effectivein the third quarter. The financial results from this new business areexpected to be reflected beginning in the following quarter. The entiremanagement team is extremely excited and optimistic with our goal tomove from a regional player to a national player in the broadband andwireless infrastructure services market. The path of growth has beenestablished, our gross profit margins are increasing and our corporateadministrative and general expenses have decreased as a percentage ofrevenues. The Company's financial performance has increased for asecond straight quarter and is in line with our estimated goal for a$5.0 million revenue run rate. Now we look to continue to expand ourgrowth, market share, national expansion, and profitability for thefuture."
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