Business
In-Touch Survey Systems Ltd. announces revenue up 172%
In-Touch Survey Systems Ltd. announces revenue up 172%.
About this update from Intouch Insight Ltd.
[{"type":"text","content":"\n\n\n\n\nOTTAWA, Oct. 30 /CNW Telbec/ - In-Touch Survey Systems Ltd. (\"In-Touch\"\nTSX-Venture: INX) is pleased to announce that revenue increased 172% to\n$956,307 in Q3 2006 compared to $351,930 in Q3 2005. Net income was positive\nat $1,037 compared to a net loss of $32,630 in Q3 2005. Cash flow from\noperations in Q3 2006 was positive at $125,585 compared to cash flows from\noperations in Q3 2005 of $75,733.\n\"In-Touch continued to add new customers such as Hallmark Canada, Eastern\nMountain Sports, United States Marine Corps., Laura Secord and diversify our\nproduct offering,\" said Michael Gaffney, Chief Executive Officer.\n\"We are very pleased with the 172% increase in revenues for Q3 2006 over\nQ3 2005 and we also expect revenue growth in Q4 2006 compared to the same\nperiod in 2005. We continue to expect strong revenue growth through to 2007.\nAs previously announced the $1,000,000 in financing with Madison Grant is\nstill expected to close later in the year\" said Gaffney.\n\n>\n%SEDAR: 00007687E\n\n\n","length":3137,"tagName":"div"}]