Business
Total Telcom Announces Financial Results for Second Quarter Fiscal 2006
Total Telcom Announces Financial Results for Second Quarter Fiscal 2006.
About this update from Total Telcom Inc.
[{"type":"text","content":"\n\n\n\n\nTrading symbol: TTZ: TSX Venture\n\nEDMONTON, Feb. 28 /CNW/ - TOTAL TELCOM INC. (TSX Venture: TTZ) today\nannounced its financial results for the quarter ended December 31, 2005. The\nCompany's consolidated revenues from continuing operations for the second\nquarter ended December 31, 2005 were $239,126. The company reported a net loss\nof $46,488 or a loss of $0.002 per share for the quarter ended December 31,\n2005 compared to net earnings of $0.013 per share for the quarter ended\nDecember 31, 2004. The Company reported cash of $3,829,303 and working capital\nof $5,569,001 as at December 31, 2005.\nMr. Scott Allen, CA, CFO, stated that \"the current quarter results are\nnot comparable to the second quarter of 2004 as the comparative figures relate\nto the company's discontinued operations which resulted from the sale of Total\nTelcom Fiber Inc. and the effective cessation of operations of Total Telcom\nCanada Corporation.\"\nMr. Neil Magrath, CEO, stated that \"the Company has a strong working\ncapital position and is well posed to take advantage of the increased Industry\ndemand for wireless products and services through its wholly owned subsidiary\nROM Communications Inc.\" Mr. Magrath further stated, \"in addition to growing\nROM, Total Telcom remains focused on its financial interest with the continued\nsale and leasing of the unencumbered fiber from the Network sold to a third\nparty on December 1, 2005.\"\n\nThe TSX Venture Exchange does not accept responsibility for the\nadequacy or accuracy of this release.\n\n\n\n","length":1598,"tagName":"div"}]