Leap Group revenues up 120%

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Leap Group said consolidated revenues for the first quarter ended April 30 rose 120% to $4.47 million, compared to the same quarter a year ago. But expenses associated with the launch of subsidiary Quantum Leap Communications and the opening of Leap's new Los Angeles office led to a net loss for the quarter of $1.15 million, up from $185,000 for the previous year period.

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