Biloxi Marsh Lands Corporation Announces Unaudited Results for the Second Quarter and First Six Mo..

Biloxi Marsh Lands Corporation (PINK SHEETS: BLMC) today announces its unaudited results for the second quarter and first six months of 2008 and provides update. Total revenue for the second quarter of 2008 was $1,261,005 compared to total revenue of $1,233,908 for the same period of 2007. For the first six months of 2008 revenue was $3,063,399 compared to $2,669,893 for the same period of 2007. For the second quarter total revenue includes $85,522 of revenue emanating from partnership income which represents the Company’s interest in B & L Exploration, LLC compared to a net loss of $182,500 in the same category for the second quarter of the prior year. Meanwhile, for the first six months of 2008 partnership income was $756,214 compared to a net loss of $429,831 in the same category for the first six months of 2007. During... [read full story]