12:01 PM EST - Grey Island Systems International Inc. : announced first quarter net income of $53 thousand or $0.001 per share, compared to a net loss of $605 thousand or $0.01 per share in the year ago quarter. Revenues for the quarter increased 55.8% to $3.84 million from $2.5 million in the same quarter prior year.
shares V.GIS are trading down 2 cents at $0.55.
