Craig revenue dips as company shifts focus

WINNIPEG - Craig Wireless Systems said Monday that revenue for the first quarter of fiscal 2008, ended November 30, 2007, was $468,712, a decrease from $534,520 compared to the same period of fiscal 2007. “This decrease is a result of, among other things, the corporation's shift of focus away from its current services of fixed-wireless digital television distribution business to a new suite of services that are focused on portable and mobile applications utilizing WiMAX-enabled technology. Click here for the recent Cartt.ca profile of the company’s CEO for more on that shift of focus. “Realized revenue was also impacted by...