Business
IN-TOUCH SURVEY SYSTEMS LTD. ANNOUNCES GROWTH IN REVENUES AND INCOME IN Q4 2010 PRELIMINARY FINANCIAL RESULTS
Jan. 31, 2011 (Canada NewsWire Group) -- OTTAWA, Jan. 31 /CNW/ - In-Touch Survey Systems Ltd....
About this update from Intouch Insight Ltd.
[{"type":"text","content":"\n\n\n\n Jan. 31, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nOTTAWA, Jan. 31 /CNW/ - In-Touch Survey Systems Ltd. ("In-Touch"\n TSX-Venture: INX) announces preliminary financial results for Q4 2010, and FY 2010.  The Company begins its\n 2010 audit at the end of February and final results will be released\n once the audit is complete and the Board of Directors approves the\n Financial Statements.\n\n\nRevenue increased 9% to approximately $1,500,000 in Q4 2010 compared to\n $1,381,506 in Q4 2009. The Company expects net earnings for Q4 2010 of\n approximately $140,000, an increase of 163% compared to a loss of\n $222,913 in Q4 2009. The Company-defined adjusted EBITDA increased 90%\n to approximately $300,000 in Q4 2010, compared to an EBITDA of $157,000\n in Q4 2009.\n\n\nAnnual revenues for 2010 are expected to exceed $5,800,000, an increase\n of 7% compared to revenues of $5,479,081 for FY 2009. Annual net income\n increased approximately 160% to $700,000 compared to a loss of $440,377\n last year. EBITDA of approximately $1,200,000, an increase of 410%, was\n realized for the year compared to $293,000 for 2009.\n\n\n"We are very pleased with our 2010 financial and business performance.\n The turmoil of the 2008-09 recession and meltdown in the financial\n sector was a major business challenge.  I credit our strategy, our\n customers, but most of all the resiliency of our employees to fight\n through the challenges and deliver these exceptional ...