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Montec Holdings Inc. announces 2007 second quarter results
Montec Holdings Inc. announces 2007 second quarter results.
About this update from Defence Therapeutics Inc Class A
[{"type":"text","content":"\n\n\n\nMONTREAL, Aug. 29 /CNW/ - Montec Holdings Inc. (TSX-V : MTE), a holding\ncompany focused on acquiring and developing a diversified portfolio of\nhigh-growth technology companies, today announced its operational and\nfinancial results for the fiscal quarter ended on June 30, 2007.\n\n\nSecond quarter highlights\n\n - Acquired the telecom expense management services business of Contour\n Telecom Inc.\n - Generated revenues of $ 2.3 M in first half of 2007.\n\n\n"In the second quarter we have once again showed our capacity to deliver\non promises and complete another acquisition that strengthens the Montec\nHoldings portfolio", said Myer Bentob, President and Chief Executive Officer\nof Montec Holdings Inc. "Our subsidiary company, Datex Billing Services, has\nsuccessfully integrated all the operating platforms of Contour Telecom Inc.\nwith remarkable speed. This accomplishment is testimony of Datex's scalability\nand demonstrates the synergistic potential of Montec Holdings. As with the\nacquisition of Angus Dortmans Associates Inc. subsequent to the quarter's end,\nwe will continue implementing our strategy of acquiring profitable companies\nin certain segments of the high-tech sector. Montec's on-going support will\ncontinue to enhance economies of scale and thus create additional value for\nour shareholders".\n\n\nFinancials\n\n\nGiven the acquisition of Datex at the end of the previous quarter, and\nthe acquisition of Contour Telecom Inc. on June 1, 2007, the Company's\nstatement of operations for the quarter ended June 30, 2007 has been\nconsolidated to include Contour within Datex' operations. In the quarter ended\nJune 30, 2006, the Company was a "capital pool company" focused on identifying\nand evaluating opportunities to acquire shares or businesses in order to\ncomplete a "qualifying transaction" (as defined in Policy 2.4 of the TSX\nVenture Exchange). Thus, comparison of results for this quarter and the\nsix-month period versus the quarter and six-month period ended June 30, 2006\nwill reveal no pertinent information.\n\n\nTotal revenue for the second quarter ended June 30, 2007 was $ 1,230,990\nand $ 2,349,731 for the six-month period.\n\n\nEarnings before interests, taxes, depreciation and amortization and net\nof one time charges relating to the purchase of Contour Tel...