KCMVNO reports $95,614 July net profit

By Caroline Salls

Pittsburgh, Aug. 19 - KCMVNO, Inc., formerly Movida Communications, Inc., reported a $95,614 net profit for July on zero revenues, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

The July net profit was an improvement over a $116,980 net loss reported in June, also on zero revenues.

KCMVNO had $1.37 million in cash and cash equivalents at July 31, compared with $1.28 million at the end of June.

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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