Business
CounterPath Reports Fiscal 2009 Second Quarter Financial Results
VANCOUVER, Dec. 15 /CNW/ - CounterPath Corporation (OTCBB: CPAH; TSX-V: CCV), a leading provider ...
About this update from Newpath Resources Inc
[{"type":"text","content":"\n\n\n\nVANCOUVER, Dec. 15 /CNW/ - CounterPath Corporation (OTCBB: CPAH; TSX-V:\nCCV), a leading provider of desktop and mobile VoIP software products and\nsolutions, today announced financial and operating results for the second\nquarter ended October 31, 2008.\n\n\nFinancial and operating highlights for the quarter include:\n\n- Record quarterly revenues of $3.0 million for the quarter ended October\n 31, 2008 compared to $2.4 million for the quarter ended October 31,\n 2007 and $2.6 million for the previous quarter ended July 31, 2008, an\n increase of 23% and 15%, respectively.\n\n- An anticipated reduction in costs and operating expenses of over\n $5 million per year.\n\n- Increased access to the capital markets with the commencement of\n trading of CounterPath common shares on the TSX Venture Exchange on\n August 25, 2008 under the symbol CCV.\n\n- Subsequent to the quarter end, the commercial launch of a\n functionally-rich enterprise mobile client and gateway by Nortel\n Networks. The enterprise mobility gateway extends the functionality of\n an enterprise's PBX (telephone system) out to a mobile handset,\n including those offered by RIM (Blackberry(TM)), Nokia and handsets\n running Windows Mobile.\n\n\n"Despite a difficult and uncertain economic environment, we have\nsignificantly reduced our operating costs while achieving record revenues,\nbringing the company closer to our objective of profitability," stated Donovan\nJones, President and CEO CounterPath Corporation. "Enterprises are under more\npressure than ever to seek solutions which reduce costs while increasing\nproductivity. The products from CounterPath are designed to address these\nrequirements by converging voice, video, messaging and presence on multiple\ndevices, across multiple platforms, over both fixed and mobile networks. Our\nmobile applications are beginning to be deployed by our customers in\nincreasing quantities as the market for VoIP and mobile applications gains\nmomentum. The company is well positioned to address a wide variety of\nsophisticated technical requirements and able to generate significant\nadvantages for the system end users. We remain one of the few companies with\nengineering and product strength across the desktop and mobile communications\nspace," stated Jones.\n\n\nFinancial Results\n\n\n(All amounts in U....