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Published on 12/17/2008 in the Prospect News Distressed Debt Daily.

KCMVNO reports $59,439 November net loss

By Caroline Salls

Pittsburgh, Dec. 17 - KCMVNO, Inc., formerly Movida Communications, Inc., reported a $59,439 net loss for November on zero revenues, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, the company posted an $85,454 net loss in October, also on zero revenues.

KCMVNO had $1.29 million in cash and cash equivalents at Nov. 30, down from $1.33 million at the end of October.

The Kansas City, Mo.-based mobile virtual network operator that provides wireless services to Hispanic communities filed for bankruptcy on March 31, 2008. Its Chapter 11 case number is 08-10600.


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