Translate
Second quarter continues 100% growth achieved in first quarter
TORONTO, May 30 /CNW/ - SilverBirch Inc. (TSX-V: SVB) announces second quarter 2008 revenues of $1,760,667, versus $860,468 for the first three months of the fiscal year, representing over 100% quarter over quarter growth. The same period last year generated $130,689 in revenue.
Total revenues from the mobile division amounted to $1,298,077 with $221,845 stemming from Dallas based CrossRoad Mobile, and $1,072,232 largely from Jambo's growing messaging services. The remaining $462,590 was split between game development by the Studios division, and MMOG content sales on the Metin2 game site. "Our mobile division has gained good traction since the acquisitions have begun working together," said SilverBirch CEO, Derek van der Plaat, "and with the recently announced acquisitions and new licensed properties on the game side I expect this business unit will also show marked improvement as these activities begin to contribute over the next several quarters." The complete SilverBirch Financial Statements and Management's Discussion and Analysis are available at http://www.silverbirchinc.com/financial.html and are posted on www.sedar.com.
About SilverBirch Inc.
Toronto-based SilverBirch Inc. is a fully integrated developer, publisher and distributor of high quality interactive media content and, through its Jambo Mobile division, provides mobile marketing and direct-to-consumer mobile content. In addition, the company is a multi-platform video game developer and operates an MMORPG (massive multiplayer online role-playing game) game called Metin 2 (see www.metin2.us). For more information, please visit www.silverbirchstudios.com and www.jambomobile.com.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of the content of this news release.
Forward-Looking Statements - Certain information set forth in this news release, including management's assessment of future plans, contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond management's control, including the impact of general economic conditions, industry conditions, and currency fluctuations. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
%SEDAR: 00020946E