Wanderlust Interactive Inc. announced results for its third quarter, ending March 31, 1997. Wanderlust's revenues increased to US$448,949, compared to no revenues in the same period last year, yet the company incurred a net loss of $1,416,597 for the quarter. The company is seeking to restructure its outstanding debt of $507,500, but it cannot predict whether the restructuring plan will be successful. This announcement comes after Wanderlust laid off half of its staff earlier this month and refocused its operation on development, closing its publishing division.
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