09:51 AM EST - WellPoint Systems Inc. : reported fourth-quarter net loss of $14 million or $0.31 per share, compared to net loss of $4.7 million or $0.12 per share last year. Overall revenues for the quarter were $7.7 million, slightly down from $7.71 million in the fourth quarter of 2007. The company said in 2009, with the acquisitions now in place, it would focus on increasing its net income and Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA). Although the company anticipates it will continue to post net losses in 2009, the company anticipates posting improved Adjusted EBITDA in 2009. The company will be in a net loss position primarily as a result of non-cash interest accretion on its convertible debentures. WellPoint Systems Inc.
shares V.WPS are trading even at $0.12.
