ATN reports a great first quarter

TORONTO, May 31 /CNW/ - Asian Television Network International Limited (ATN) (TSX-SAT) Canada's largest South Asian Broadcaster and Canada's largest distributor of World Class Cricket, is pleased to announce its operating results for the first quarter of 2010 with a profit before tax of over a half million dollars, an increase over the first quarter of 2009 of almost $200,000.

"This increase reflects the overall growth of our business and is setting the trend for the future," said Shan Chandrasekar, President and CEO of ATN.

Byrne Fulton, ATN's Chief Financial Officer, noted with pride that the company is also now debt free. "We are pleased to report the full and final payment of our long term debt on the 27th of May," he said.

ATN operates 23 television channels as well as the ATN Asian Radio on XM 159, the only Satellite Radio channel serving North America's South Asian Diaspora. ATN video content is also available on any Bell mobile phone that supports video. ATN has programming alliances with leading international broadcasters. To subscribe to ATN and for more details about the cricket schedules and times of live broadcast please visit www.asiantelevision.com or contact your local service provider.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. We rely on safe harbour provision.

SOURCE Asian Television Network International Limited

For further information: For further information: B. Fulton, CFO, Asian Television Network International Limited, Newmarket, Ontario, L3Y 7B6, (905) 836-6460


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890