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Article Excerpt
Business & Sports Editors
ORLANDO, Fla.--(BUSINESS WIRE)--May 23, 2003
The Orlando Predators Entertainment, Inc. (OTCBB:PRED) ("OPE") reported a loss from continuing operations of ($1,136,208) or ($.13) per share for the six months ended March 31, 2003 compared to a loss from continuing operations of ($979,529) or ($.14) per share for the six months ended March 31, 2002.
The increase in the loss from continuing operations is due primarily to the Louisiana IceGators' ("IceGators") hockey season, which commenced in October of 2002. The IceGators operating expenses exceeded its revenues for the six months ended March 31, 2003. In addition, loan fees of $427,308 increased by $84,226 for the six months ended...
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