Business
In-Touch Survey Systems Ltd. announces revenue up 170%
In-Touch Survey Systems Ltd. announces revenue up 170%.
About this update from Intouch Insight Ltd.
[{"type":"text","content":"\n\n\n\n\nOTTAWA, July 26 /CNW Telbec/ - In-Touch Survey Systems Ltd. (\"In-Touch\"\nTSX-Venture: INX) is pleased to announce that revenue increased 170% to\n$925,479 in Q2 2006 compared to $342,158 in Q2 2005. Net income was slightly\npositive at $5,028 compared to a net lost of $56,644 in Q2 2005. EBITDA in Q2\n2006 was positive at $65,281 compared to negative EBITDA in Q2 2005 of\n$133,523.\n\"In-Touch continues to add new customers and diversify its product\noffering,\" said Michael Gaffney, Chief Executive Officer.\n\"We are very pleased with the 170% increase for Q2 and we also expect\nsignificant revenue growth in Q3 2006 compared to the same period in 2005. We\ncontinue to expect strong revenue growth through to 2007. Also, the previously\nannounced $1,000,000 in financing is now expected to close later in the year\"\nsaid Gaffney.\n\n>\n\nCertain statements included in this news release contain forward looking\nstatements, which by their nature are necessarily subject to risks and\nuncertainties and other factors that may cause actual results, performance or\nachievements of the Company to be materially different from any future\nresults, performance or achievements expressed or implied by such forward-\nlooking statements. Such statements reflect the Company's current views with\nrespect to future events, and are based on information currently available to\nthe Company and on hypotheses which it considers to be reasonable; however,\nmanagement warns the reader that hypotheses relative to future events which\nare beyond the control of management could prove to be false, given that they\nare subject to certain risks and uncertainties.\n\nDetailed financial information and Management's Discussion and Analysis\ncan be found on www.sedar.com.\n\nThe TSX Venture Exchange has not reviewed the foregoing and has neither\napproved or disapproved the contents of this press release.\n%SEDAR: 00007687E\n\n\n","length":2931,"tagName":"div"}]