Friday, August 11, 2006

Trinsic down to under $1M

Trinsic is the UNE-P house formerly names Z-Tel. Trinsic suffered a $6.9M drop in revenue for 2Q06 with a net loss of $2.8 million. "Trinsic ended the second quarter with $0.7 million in cash. In June 2006, the company sold a building for $0.4 million, using the proceeds to reduce debt." The sale of its BellSouth assest to Access Integrated won't take place until 3Q06 - and that money will be badly needed.

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