Telescene Q1

Telescene Film Group reports the delivery of 28 half-hours for the first quarter period ending May 31. Series deliveries include 13 of Student Bodies, three of The Hunger and six each of the sitcom series Big Wolf on Campus and Misguided Angels.

In the period, production began on two Action Adventure Network pilots, Fearless and Matthew Blackheart, and on the series portion of The Lost World. The second AAN movie for DirecTV, Dr. Jekyll and Mr. Hyde, is in post-production.

Telescene reports net earnings of $970,024 on gross revenues of $10.8 million in the period. Library revenues are $313,049. eps is $0.10 based on more than 9.8 million total shares outstanding. tfg stock on the tse is currently trading in the $18.25 range.