Advantex Announces Fiscal Third-Quarter Results

About this update from Advantex Marketing International Inc.

[{"type":"text","content":"\n\n\n\nADX: TSX\n\n\nTORONTO, May 15 /CNW/ - Advantex Marketing International Inc. (TSX:ADX),\na leading specialist in merchant funding and loyalty marketing programs, today\nannounced its results for the fiscal third quarter and nine months ended \nMarch 31, 2008. All references to quarters or years are for the fiscal periods\nand all currency amounts are in Canadian dollars unless otherwise noted.\n\n\n"The Company continues to evolve into a stronger and more competitive\ncompany, with a clear focus on profitable growth in the programs and areas in\nwhich it enjoys a leadership position", said Mr. Kelly E. Ambrose, President\nand Chief Executive Officer.\n\n\nFor the three months ended March 31, which period is historically the\nweakest trading quarter, Company's Contribution from Operations for the three\nmonths ended March 31, 2008 was $112,000 compared with a loss of $33,000 at\nthe Contribution from Operations level in the corresponding period of the\nprevious year. The Company achieved a modest Profit before Interest during the\ncurrent quarter of $17,000 compared with a loss of $110,000 for the\ncorresponding period of the previous year.\n\n\nFinancial Performance - Highlights\n----------------------------------\n(millions of $s)\n-------------------------------------------------------------------------\n Three months Three months Nine months Nine months\n Ended Ended Ended Ended\n March 31, March 31, March 31, March 31,\n 2008 2007 2008 2007\n-------------------------------------------------------------------------\nRevenue 2.5 2.7 8.6 8.4\n-------------------------------------------------------------------------\nGross profit 1.8 1.9 5.3 5.6\n-------------------------------------------------------------------------\nGross Margin 70.5% 69.8% 61.2% 66.7%\n-------------------------------------------------------------------------\nContribution from\n operations 0.1 0.0 0.1 0.3\n-------------------------------------------------------------------------\nProfit / (Loss) before\n amortization and interest 0.1 (0.1) 0.0 (0.9)\n-------------------------------------------------------------------------\nAmortization 0.1 0.1 0.2 0.2\n-------------------------------------------------------------------------\nInterest 0.4 0.2 0.9 0.6\n-------------------------------------------------------------------------\nNet (Loss) (0....

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