KCMVNO posts $17,569 May net profit

By Caroline Salls

Pittsburgh, June 18 - KCMVNO, Inc., formerly Movida Communications, Inc., posted a $17,569 net profit for May on zero revenues, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

The figures showed a decline over a $1.63 million net profit reported for April on $279,688 in revenues.

The company had $4.86 million in cash and cash equivalents at May 30, compared with $3.13 million at the end of April.

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

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