BOCA RATON, Fla. -- Juniper Group, Inc. (OTCBB:JUNI) reported a second consecutive quarter of revenue growth.
Juniper reported strong second quarter of June 30, 2006 revenues of
$1,214,000 vs. $100,821 for same period in 2005. Juniper's first
quarter revenue for March 31, 2006 was $1,159,000. The increase in
revenues was due to the continuing growth of the March 2006 acquisition
of New Wave Communications, Inc.
Juniper's CEO, Vlado P. Hreljanovic, stated "We are very pleased with
our second quarter performance, and we have increased revenues from our
existing customer base. Additionally, we have entered into new Master
Service Agreements with substantial new clients that will be effective
in the third quarter. The financial results from this new business are
expected to be reflected beginning in the following quarter. The entire
management team is extremely excited and optimistic with our goal to
move from a regional player to a national player in the broadband and
wireless infrastructure services market. The path of growth has been
established, our gross profit margins are increasing and our corporate
administrative and general expenses have decreased as a percentage of
revenues. The Company's financial performance has increased for a
second straight quarter and is in line with our estimated goal for a
$5.0 million revenue run rate. Now we look to continue to expand our
growth, market share, national expansion, and profitability for the
Juniper Group Inc.