Porn Company Leads Rally

DENVER, Colorado – One of the leaders in a technology stock revival taking place in the Rocky Mountains is a porn company, the Denver Post announced today.

New Frontier Media, Inc., and its subsidiary The Erotic Networks, saw its stock climb to third place statewide in a technology stock rally that began in mid-2003.

New Frontier Media specializes in the electronic distribution of adult entertainment content through a variety of outlets including an Internet company, pay-television networks, and a highly successful video-on-demand service.

While technology and telecomm stocks met with a national uptick in 2003, Colorado's state stock index saw incremental growth in the last few months of the year following a three-year slump.

According to the Denver Post, the leaders in Colorado's stock climb were mainly technology and telecommunications companies, which took the top ten spots on the state's list of high performing stocks.

However, the majority of Colorado's high profile companies ended the year on a down note, including Qwest Communications and brew master Coors.

In the state's stock index, New Frontier Media ranked just two slots behind Boulder-based Carrier Access, which came in at 3,200 percent for the year, and Douglas County's Evolving Systems, which came in at 1,103.6 percent, the Denver Post reported.

"We're one of the only companies in the adult entertainment business that invested in its own technology infrastructure," Erotic Networks President Ken Boenish told the Denver Post. "That's really allowed us to take advantage of new opportunities through emerging technologies."

Boenish attributes a great deal of his company's profits to its video-on-demand service, which according to the Denver Post is available in about 95 percent of households that have video-on-demand access.

The company announced an all-time fiscal high for the quarter that ended on September 30, 2003, with a net income for the quarter of $2.8 million, or $0.14 per share, as compared to a net loss of $1.0 million, or $0.05 per common share a year ago.

New Frontier was one of the first adult entertainment companies to sign a licensing agreement with Acacia Technologies Group in September 2003 for use of its DMT streaming media content.

The company has 110 employees and is headquartered in Boulder, Colorado.

Representatives were not available to talk with XBiz at the time of this printing.

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Age Verification Watch: Patching the Holes

This roundup provides an update on the latest news and developments on the age verification front as it impacts the adult industry.

Pineapple Support to Host Autism Spectrum Support Group

Pineapple Support is hosting a free online support group for performers and creators who are, or suspect they may be, on the autism spectrum.

ImLive Launches Revamped Member Loyalty Program

Cam platform ImLive has revamped its member loyalty program.

GoFundMe Set Up for Danny Ferretti's Medical Expenses

A GoFundMe campaign has been set up for Fangear founder Danny Ferretti, who requires extensive lung surgery.

Byborg Acquires Cuties AI

Byborg Enterprises has acquired adult artificial intelligence startup Cuties AI.

Irish Government Releases Report on Sex Work Decriminalization Legislation

The Irish government has released a report reviewing a 2017 law that decriminalized sex work across the country.

Texas Bill Would Require Age Verification for Online Sex Toy Sales

A new bill in the Texas state legislature would require online retailers to implement age verification of purchasers before selling “obscene devices” to anyone in that state.

New York Assemblyman Proposes Banning the Term 'Sex Work'

Republican New York Assembly Member Brian Maher has introduced a bill to prohibit the use of the term "sex work" in government documents.

Age Verification Watch: Michigan Joins the AV Club, Some Laws Just Make No Sense

This roundup provides an update on the latest news and developments on the age verification front as it impacts the adult industry.

Free Speech Groups Back SCOTUS Appeal of Georgia Strip Club Tax

Two civil liberties organizations filed an amicus brief Tuesday supporting a petition asking the U.S. Supreme Court to hear an appeal in a case involving whether a tax specifically aimed at adult entertainment establishments violates the First Amendment.

Show More