11:42 AM EST - Redline Communications Group Inc. : reported that its fourth-quarter net loss was $9.1 million U.S. or $0.44 U.S. per share, compared to a loss of $6.2 million U.S. or $0.35 U.S. per share in the same quarter of last year. Revenue for the quarter was $10.6 million U.S., compared to $12.8 million U.S. in the year-ago quarter. For fiscal 2009, Redline anticipates revenue levels to be similar to 2008, however, the company expects a 30-per-cent reduction in operating expenses compared with last year. Redline Communications Group Inc.
shares T.RDL are trading down $0.005 at $0.24.
