09:48 AM EST - Redline Communications Inc. : said that it now expects fiscal 2009 revenue to be in the range of about $38.0 million U.S. Previously, the company expected its fiscal 2009 revenue levels to be similar to 2008 revenue of $43.5 million U.S. In addition, the company said that it does not expect to meet its fourth-quarter target of positive EBITDA and cash flow. Redline also announced that it has reduced its workforce globally by approximately 10%, including Chief Operating Officer Jim Dickerman and other members of the senior management team. Redline Communications Inc.
shares T.RDL are trading down $0.21 at $0.56.
