Walt Disney's net profit grows 22 percent to $1.1B in 2Q and ACME Communications Schedules First Quarter 2008 Earnings Release and Teleconference

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City of Industry, CA --(www.USEquityNews.com)-- 05/07/2008 - Media entertainment industry alert provided by U.S. Equity News. Strong growth in its media networks, film studios and theme parks lifted The Walt Disney Co.'s second-quarter net profit 22 percent from a year ago, the company said Tuesday.Disney said it earned $1.13 billion, or 58 cents per share, in the quarter ended March 29, compared with $931 million, or 44 cents per share, a year earlier.Revenue for the period grew 10 percent to $8.71 billion.The results beat Wall Street estimates. Analysts expected earnings of 51 cents per share on $8.47 billion in revenue, according to Thomson Financial.


WPT Enterprises, Inc. (NASDAQ: WPTE) recently announced financial results for the first quarter ended March 30, 2008. Business highlights for the quarter included the delivery of seven episodes of Season VI of the World Poker Tour(R) (WPT) television series; the premiere of Season VI on the GSN Network; continued progress in the development of the WPT China National Traktor Poker Tour(TM); the launch of ClubWPT.com; and the amendment of our agreement with Cryptologic Inc. to provide for the launch of a full suite of online casino games and the development of Spanish and German language online gaming sites, which are expected to go live by June 2008.

ACME Communications, Inc. (NASDAQ: ACME) announced recently that it will release its first quarter 2008 financial results before the market opens on Wednesday, May 14, 2008. The Company will also host a conference call to discuss its first quarter 2008 results on Wednesday, May 14th at 10:00 a.m. Eastern Time. To access the conference call, please dial 973-582-2700 ten minutes prior to the start time and reference passcode 46452498. The conference call will also be available via live webcast on the investor relations portion of the Company's Web site, located at http://www.acmecommunications.com.

EPIC Corporation (OTC: EPIO) (the "Company"), a multi-media communications and broadcasting company, announced that two shareholders have returned 15 Million shares of EPIC's common stock to the Company and the shares have been cancelled and returned to authorized but unissued shares. The issued and outstanding shares of the Company is now 11,262,023 shares. The Company, in exchange for the cancellation of the shares, agreed to issue the shareholders shares in the newly formed EPIC Communications Corp., a majority owned subsidiary of the Company, which is to become the multi-media communications and broadcasting operating company.

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