Business
CounterPath Reports First Quarter Fiscal 2009 Financial Results
VANCOUVER, Sept. 15 /CNW/ - CounterPath Corporation (TSX-V: CCV; OTCBB: CPAH), a leading provider...
About this update from Newpath Resources Inc
[{"type":"text","content":"\n\n\n\nVANCOUVER, Sept. 15 /CNW/ - CounterPath Corporation (TSX-V: CCV; OTCBB:\nCPAH), a leading provider of desktop and mobile VoIP software products and\nsolutions, today announced financial and operating results for the first\nquarter ended July 31, 2008.\n\n\nFinancial and operating highlights for the quarter include:\n\n- Revenues of $2.6 million for the quarter ended July 31, 2008 compared\n to $1.2 million for the quarter ended July 31, 2007, an increase of\n 113%.\n\n- Launching of the Vonage Companion(TM) by Vonage. Powered by\n CounterPath, the Vonage Companion is a next generation Vonage\n SoftPhone client that allows the residential or home office user to\n access their home number from any desktop or laptop PC connected to a\n high speed Internet connection, enabling them to communicate as if\n they are at home.\n\n- Successful Beta deliveries of our Enterprise Mobility Client and\n Gateway to two of our OEM customers both with commercial launches\n expected towards the end of the calendar year. The Enterprise Mobility\n Gateway extends the functionality of an enterprise's PBX (telephone\n system) out to a mobile handset such as those offered by RIM\n (Blackberry(TM)) and Nokia.\n\n- Completing a multiyear agreement with a tier one European carrier for\n our multimedia softphone solution, which has now been deployed with\n more than 15 tier one carriers in Europe and North America.\n\n- Raising $3.7 million in capital as the first closing under a private\n placement.\n\n\n"Overall business activities in the quarter met with management\nexpectations," stated Donovan Jones President and CEO, CounterPath. "We are\nalso beginning to see customer traction from the acquisitions we made in the\nmobile space with a number of deployments and paid trials in Europe with major\ncarriers for the Network Convergence Gateway. The company is expecting early\nmarket acceptance from the Enterprise Mobility Client and Gateway products\nwith our OEM partners. CounterPath is one of the few vendors worldwide with\nengineering and product strength across both the desktop and mobile\ncommunications software space. We are pleased with the revenue growth of over\n100% year over year. We are looking for continued success from our customers\nand partners as the market for software-based communications begins to ramp\nup, eviden...