Petteri Pyyny
3 Apr 2001 12:56
Vitaminic, Italian based digital music distribution company which has appearances in 10 countries, reported its numbers for fiscal year 2000. It's revenues were only $1.66M and its net loss was $22M.
Company expects to break even in fiscal year 2002. Vitaminic has acquired three websites in last couple of months; two in France and one in U.S. As of 31st of December 2000, company had $24.4M in net cash.