11:49 AM EST - Webtech Wireless Inc. : announced its financial results for the three month period ended March 31, 2013. On January 24, 2013, the Company closed the sale of its NextBus business to Cubic Transportation Systems, Inc., a division of Cubic Corporation, for $20.8 million resulting in income from discontinued operations of $13.1 million or $0.12 per share ($15.1 million or $0.14 excluding a non-cash tax charge). The Company is reporting break even net income from continuing operations vs. a loss of $1.0 million or $0.01 per share in the prior year. Webtech Wireless Inc.
shares T.WEW are trading down $0.005 at $0.34.
