Advantex announces fiscal 2008 Q1 results

About this update from Advantex Marketing International Inc.

[{"type":"text","content":"\n\n\n\nADX: TSX\n\n\nTORONTO, Nov. 14 /CNW/ - Advantex Marketing International Inc. (TSX:ADX),\na leading specialist in merchant funding and loyalty marketing programs, today\nannounced its results for the three months ended September 30, 2007.\n\n\n"Our achievements this quarter will establish a base for future\nexpansion." said Kelly E. Ambrose, Advantex's Chief Executive Officer and\nPresident.\n\n\nA conference call will be held for analysts and investors at 4.30 pm EST,\non Tuesday, November 27, 2007. Details are available at the end of this News\nRelease.\n\n\nFinancial Performance - Highlights\n\n-------------------------------------------------------------------------\n Three months Three months\n ended ended\n September 30, September 30,\n 2007 2006 Improvement\n-------------------------------------------------------------------------\nRevenue $ 2.8 million $ 2.2 million $ 0.6 million +\n-------------------------------------------------------------------------\nContribution from\n Operations $ (45,000) $ (127,000) $ 82,000 +\n-------------------------------------------------------------------------\nLoss before\n Amortization &\n Interest $ (61,000) $ (138,000) $ 77,000 +\n-------------------------------------------------------------------------\n\n\nThe improvement of $0.1 million at the operating level was offset by\nincrease in interest cost of $0.1 million, which arose from the increased debt\nlevels and the associated carrying costs. Consequently the Net Loss for the\ncurrent quarter at $0.4 million was unchanged from the corresponding period\nprevious year.\n\n\nOutlook\n\n\nThe Company is operating close to break even at the contribution from\noperations level, and it continues to evolve into a stronger and more\ncompetitive company, with a clear focus on profitable growth in the programs\nand areas in which it enjoys a leadership position.\n\n\nThe Company is experiencing strong demand for its Advance Purchase\nMarketing Program and has a backlog of merchants wishing to join this program.\n\n\nAbout Advantex Marketing International Inc.\n\n\nAdvantex is a specialist in the marketing services industry, managing\nwhite-labelled rewards accelerator programs for major affinity groups through\nwhich their members earn bonus frequent flyer miles and/or other rewards on\npurchases at participating mercha...

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