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Article: Access Integrated Technologies, Inc. Announces Fiscal 2008 Fourth Quarter Results.

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PR Newswire
Article date:
June 12, 2008
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- Shows Continued Revenue Growth; Improved Operating Results and Adjusted EBITDA Margins -

MORRISTOWN, N.J., June 12 /PRNewswire-FirstCall/ -- Access Integrated Technologies, Inc. ("AccessIT" or the "Company") reported a 72% increase in revenues, to a record $81 million for the fiscal 2008 year ended March 31, 2008, versus the year-ago period. The Company posted an Adjusted EBITDA(1) (defined below) of $30.3 million or $1.19 per share, and a net loss of $35.7 million or $1.39 per share. The net loss includes non-cash expenses for depreciation, amortization of intangible assets, non-cash interest, debt refinancing, impairment of intangible assets and ...

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