INNOVATIVE GAMING POSTS 3Q LOSS

November 14, 2001 11:53 PM
by

share

Innovative aming Corporation reported a third quarter loss of $10.2 million or $.57 a share, most of which, $5.6 million, was attributed to the write-down of receivables.

An additional $1.5 million resulted from losses of the Company's investment in Xertain, Inc. and subsequent cancellation of its planned merger.

Total sales for the third quarter slumped to $700,000, compared to $2.2 million in the same period last year.