Business
Montec Holdings inc. announces 2008 third quarter results
MONTREAL, Nov. 28 /CNW Telbec/ - Montec Holdings Inc. ("Montec" or the "Company") (TSX-V : MTE), ...
About this update from Defence Therapeutics Inc Class A
[{"type":"text","content":"\n\n\n\nMONTREAL, Nov. 28 /CNW Telbec/ - 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 quarter ended on\nSeptember 30, 2008.\n\n\nThird Quarter Highlights\n\n\n- 12% revenue increase from the second quarter of 2008.\n\n\n- 25% revenue increase from the first quarter of 2008.\n\n\n- Third quarter positive EBITDA of $58,000.\n\n\n- Signed agreements integrating and expanding customer base.\n\n\nMontec Consolidated Financials\n\n\nConsolidated revenue for the third quarter ended September 30, 2008 was\n$1.7 million, a non-material decrease of $0.1 million from $1.8 million during\nthe same period in 2007. All Montec revenues are generated by its 51% owned\nsubsidiary Datex Billing Services Inc.\n\n\nGross margin in the third quarter of 2008 was 49% of sales compared to\n50% during the same period in 2007, a level comparable between both periods\nand consistent with the revenue mix.\n\n\nConsolidated net loss and comprehensive loss of the third quarter of 2008\nstood at $194,000, or a basic and diluted net loss per share of $0.009,\ncompared to a net loss and comprehensive loss of $247,000, or a basic and\ndiluted loss per share of $0.011, for the same period in 2007.\n\n\n"The Q3 statements show positive results as compared to the previous\nquarter," commented Myer Bentob, Chairman and CEO. "We are pleased with our\nsuccess in the integration of the customer's of Contour Telecom and Angus\nDortmans Associates and are optimistic that the positive trend in our\nfinancial results will continue. The proposed acquisition of the remaining 49%\nof Datex by Montec, announced on April1st, 2008, should further improve our\noverall performance."\n\n\nAs of November 26, 2008, there were 14,454,500 common shares, 7,294,118\nSeries A preferred shares, and 3,030,000 common share purchase warrants of the\nCorporation issued and outstanding. Of these, an aggregate of 4,236,299 common\nshares, 3,282,357 Series A preferred shares and 1,363,500 common share\npurchase warrants are still held in escrow pursuant to the policies of the TSX\nVenture Exchange. There are stock options outstanding in respect of an\naggregate ...