Business
In-touch Survey Systems Ltd. increases revenue guidance for FY 2011
OTTAWA, Aug. 5, 2011 /CNW/ - In-Touch Survey Systems Ltd. ("In-Touch" TSX-Venture: INX), anno...
About this update from Intouch Insight Ltd.
[{"type":"text","content":"\n\n\n\n\n\nOTTAWA, Aug. 5, 2011 /CNW/ - In-Touch Survey Systems Ltd. (\"In-Touch\"\n TSX-Venture: INX), announces that it is increasing FY 2011 revenue\n guidance from 25% growth to around 40% growth with annual revenues now\n forecasted between 8.1 and 8.4 million CDN$. Most of the additional\n revenue growth will come from large North American retail customers.\n\n\nQ2 2011 revenues are expected to reach $1.7 million, a 30% increase over\n the same quarter as last year. Q3 revenues are forecasted at $2.5\n million - a 47% increase over Q3 2010 and Q4 revenues may exceed $2.6\n million - a 66% increase over Q4 2010.\n\n\n\"We are very excited about the revenue growth with North American\n retailers. Over the next several quarters we will increase investment\n in our core In-Touch Apps technology to support new features and\n applications required by these customers,\" said Michael Gaffney, Chief Executive Officer.\n\n\nCertain statements included in this news release contain forward looking\n statements, which by their nature are necessarily subject to risks and\n uncertainties and other factors that may cause actual results,\n performance or achievements of the Company to be materially different\n from any future results, performance or achievements expressed or\n implied by such forward-looking statements.  Such statements reflect\n the Company's current views with respect to future events, and are\n based on information currently available to the Company and on\n hypotheses which it considers to be reasonable; however, management\n warns the reader that hypotheses relative to future events which are\n beyond the control of management could prove to be false, given that\n they are subject to certain risks and uncertainties. \n\n\n\n\n\nThe TSX Venture Exchange has not reviewed the foregoing and has neither\n approved or disapproved the contents of this press release.\n\n\n","length":2059,"tagName":"div"}]