V-chipper Tri-Vision revenue falls, loss grows

TORONTO - "We continue to make significant progress in our core business areas and the outlook remains promising," said Tri-Vision CEO Najmul Siddiqui in announcing his company's first quarter results this week. "Performance during the first quarter exhibited the normal cyclical downturn in sales for both areas during the months of April, May and June. The 42% increase in V-chip revenues during the quarter provides an indication of the very early positive results of the company's U.S. V-chip licensing success. During the quarter the company strengthened cash and cash equivalents, and increased inventories. Cash flow from operations remained healthy at...