Vizrt Reports First Quarter 2006 Results
Bergen, Norway, May 9, 2006, Vizrt Ltd. (Frankfurt Prime Standard, Oslo Main List: VIZ) today announced its financial results for the first quarter of 2006 with yet another record revenue quarter reaching USD 12.0M and record bottom line results, reaching USD 2.3M net profit and 19% net margin. On April 26, 2006, subsequent to closing the first quarter, Vizrt signed a share purchase agreement to acquire all of Ardendo AB shares in an all stock-swap transaction, in exchange of 2,912,790 Vizrt shares. Closing was completed on May 5, 2006. Financial highlights for the three