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Left Behind Games Inc (OTC:LFBG) reported today revenues for the three months ending December 31, 2010. They were able to drive in revenues of $1.1 million and a net profit of nearly $125 thousand. Last year at this time, LB Games had revenues of $52 thousand, and a net loss of over $7.5 million! Left Behind Games is the first public company to ever profit from Christian video games.
LB Games is the only publicly-traded exclusive publisher of Christian video game software. They produce interactive entertainment products that perpetuate positive values and appeal to faith-based and mainstream audiences. In 2010 LFBG added four new games to the market increasing their product total from 7 to 11. CEO Troy Lyndon had this to say about their fiscal year:
We are pleased to report operational profitability has resulted from increased interest in our products because of our 2010 expansion; the most significant in our history. We supported the release of these 4 new titles with our largest national advertising campaign in five years. This product expansion was made possible as a result of strategic relationships resulting from our acquisitions of the Charlie Church Mouse brand and Cloud 9 Games’ assets.
Left Behind Games also announced today that they will facilitate $10 million in capital to expand their product line. They are planning on releasing a scripture memorization game, ‘King Solomon’s Scripture Challenge” in late 2011.
LB Games reported in the past 12 months a reduction in accounts payable and accrued expenses of $976,542, and an increase in shareholder equity of $975,394. They are currently trading at $.0031 cents per share. They have a market value of $13,338,582 with 4,446,193,905 outstanding shares.
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