Business
Montec Holdings Inc. Announces 2007 Third Quarter Results
MONTREAL, Nov. 29 /CNW/ - Montec Holdings Inc. ("Montec" or the "Company") (TSX-V : MTE), a holdi...
About this update from Defence Therapeutics Inc Class A
[{"type":"text","content":"\n\n\n\nMONTREAL, Nov. 29 /CNW/ - Montec Holdings Inc. ("Montec" or the\n"Company") (TSX-V : MTE), a holding company focused on acquiring and\ndeveloping a diversified portfolio of high-growth technology companies, today\nannounced its operational and financial results for the fiscal quarter ended\non September 30, 2007.\n\n\nThird Quarter Highlights\n\n- 46% revenue increase from the second quarter of 2007\n- Generated revenues of $4.1 M in the first nine months of 2007 with a\n 9.7% normalized EBITDA\n\n\n"During the third quarter our subsidiary Datex significantly increased\nits sales, which resulted from the integration of business activities of\nContour Telecom Inc. and Angus Dortmans Associates Inc. We feel this increase\nproves Datex's scalability which will spearhead our holding's growth," said\nMyer Bentob, President and CEO of Montec Holdings Inc. "Our objective going\nforward will be to drive business efficiencies and generate profits for the\nbenefit of our shareholders. In addition, we intend to pursue selected\nacquisitions of private companies in the IT and high-tech sectors".\n\n\nMontec Consolidated Financials\n\n\nIn the quarter ended September 30, 2006, the Company was a "capital pool\ncompany" focused on identifying and evaluating opportunities to acquire shares\nor businesses in order to complete a "qualifying transaction" (as defined in\nPolicy 2.4 of the TSX Venture Exchange). Thus, comparison of results for this\nquarter and the nine-month period versus the same periods of 2006 will reveal\nno pertinent information.\n\n\nTotal revenue for the third quarter ended September 30, 2007 was\n$1,797,473 and $4,147,204 for the nine-month period.\n\n\nNet loss for the quarter ended September 30, 2007 was $246,506 or $0.011\nper basic and diluted share. Net loss for the nine-month period amounted to\n$536,417 or $0.025 per basic and diluted share.\n\n\nNormalized earnings before interests, taxes, depreciation and\namortization ("EBITDA") totalled $108,967, or 6.1% of revenues, and $402,920,\nor 9.7% of revenues, for the three and nine-month periods respectively.\n\n\nWorking capital was negative at $831,557, a decrease of $246,587 from the\nDecember 31, 2007 balance of $11,448.\n\n\nAs of September 30, 2007, there were 14,454,500 common shares is...