Skip to main content

NetVision expects $70 million revenue for 2002

Revenue for 2001 expected to come to $60 million

NetVision Chairman Ami Erel expects the Internet provider will end 2002 with $70 million revenue.

Speaking at a company conference, Erel said that NetVision is growing and is one of Discount Investment Corporation's most important companies.

In January this year, senior NetVision executives estimated that it would post $60 million revenue for 2001, citing a company valuation of at least $50 million.

Internet Gold (Nasdaq:IGLD) posted some $38 million revenue for the first nine months of 2001. In January the firm announced that it expects an operating profit in the fourth quarter. Its market cap is $30 million.

Scroll to Continue

TheStreet Recommends