Cognigen Blog

Conigen Network Quarterly Financial Results

Cognigen Networks, Inc. (OTC Bulletin Board: CGNW), the Seattle area based Internet- enabled marketer of communications services and certificated reseller, announced its unaudited financial results for the three and nine months ended March 31, 2006. The Company realized revenue of $2,519,496 for the three months ended March 31, 2006, compared to revenue of $3,010,170 for the same period in 2005. Revenue for the nine months ended March 31, 2006, was $7,855,396 compared to $8,674,882 for the same period in 2005. Net income decreased from $346,307 or $.04 per share for the quarter ended March 31, 2005, to a net loss of $149,655 or $.02 per share for the same period in 2006. Net loss for the nine months ended March 31, 2006, was $194,233 or $.03 per share compared to net income of $811,589 or $.09 for the same period in 2005. Net cash provided from operations for the nine months ended March 31, 2005, was $385,165 while cash used in operations was $54,855 for the same period in 2006. Operating expenses for the quarter ended March 31, 2006 were $2,652,029, compared to operating expenses of $2,649,184 for the same quarter in 2005. Telecommunications expenses for the quarter decreased from $755,561 for the same quarter in 2005, to $628,334. Complete details of the full unaudited results and related financial information may be found in Cognigen's quarterly report on Form 10-QSB which has been filed with the SEC and which may be accessed through Edgar Online or other sources.

PR Newswire

 

 

Cognigen Teams Up With Westerncell.com To Offer Great Deals

Westerncell.com (formally westernstatescell) has teamed with Cognigen and top cellular providers to offer a large selection of cell phones, calling plans and aircards which are now available to the entire United States, Canada and Puerto Rico.

Residents and businesses in the entire United states, Canada and Puerto Rico are now able to shop online for cell phones, cellular plans and aircards at http://www.westerncell.com/. Shoppers can choose from calling plans from Cingular, Nextel, Sprint, T mobile and Verizon all under one roof. Most phones are by Motorola, Samsung and Blackberry. Up until now westerncell has marketed only to the western U.S. states.

President William Cannon States that: "90% of our customer base is in the states of Arizona, California, Nevada, Oregon and Washington. Now we are consentrating our marketing efforts across the entire country thanks to our affiliations with Cognigen and other top cellular providers. Our goal is to be a powerhouse cell phone and calling plan supplier to North America within two years."

Westerncell.com Now Offers Great Deals on Cell Phones to the Entire U.S.