KCMVNO reports $116,980 June net loss

By Caroline Salls

Pittsburgh, July 21 - KCMVNO, Inc., formerly Movida Communications, Inc., reported a $116,980 net loss for June on zero revenues, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

The net loss showed a decline over a $17,569 net profit reported in May. The company also reported zero revenues in May.

KCMVNO had $1.28 million in cash and cash equivalents at June 30, compared with $4.86 million at the end of May.

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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