Executone Information Systems Inc, the Milford, Connecticut video entertainment, internet gaming and computer telephony company, has reported fourth quarter net losses of $30.5m down from profits of $845,000 on revenues down 21.1% at $31.3m; net losses for the year to December 31 were $36.9 up from losses of $221,000 on revenues that fell 14.6% to $133.5m.