International Commercial Television, Inc. (ICTL.OB) Reports 2008 Data
Friday, global infomercial product distributor, International Commercial Television, Inc. made several announcements regarding its 2008 financial results. Today, ICTV is expected to release its 2008 10-K, which will reflect net sales of $15,371,000 and a pre-tax loss of $3,156,000 for the year ending December 31, 2008. The company will also restate the financial statements for the year ending December 31, 2007; the restated results include net sales of $8,488,000 and a $1,082,000 pre-tax loss. Over the past year, ICTV's net sales increased due to the expansion of its direct response television (DRTV) and televised shopping sales channels in the United…