Business
VCom Revenue Increases 27% Year over Year
VCom Revenue Increases 27% Year over Year.
About this update from Vecima Networks Inc.
[{"type":"text","content":"\n\n\n\n\nVICTORIA, B.C., Sept. 27 /CNW/ - VCom Inc. (TSX: VCM) today announced\nthat its 2006 fiscal year financial statements and Management's Discussion and\nAnalysis for the year ended June 30, 2006 have been filed on the SEDAR system.\nThe highlights provided in this press release should be read in conjunction\nwith the Company's final prospectus dated November 3, 2005, relating to our\ninitial public offering of shares, and our audited annual consolidated\nfinancial statements and accompanying notes for the years ended June 30, 2006\nand June 30, 2005. Our audited annual consolidated financial statements and\naccompanying notes for the year ended June 30, 2006 are available at:\nhttp://www.vcom.com/invest/latest_finan.html\nThe webcast can be viewed at:\nhttp://services.choruscall.com/links/vcom060927.html\nAll dollar amounts are in Canadian dollars. This is VCom's first annual\nreport filed as a public company.\n\n>\n\nOn November 14, 2005, the Company successfully completed its initial\npublic offering of 3,335,000 common shares at a purchase price of\n$7.50 per share for gross proceeds of $25,012,500. On November 25, 2005, our\nunderwriters exercised their over-allotment option by purchasing an additional\n500,250 common shares (of which 225,250 were issued by VCom and 275,000 were\nsold by its principal shareholders) at $7.50 per share. The Company's common\nshares began trading on November 14, 2005 on the Toronto Stock Exchange under\nthe symbol \"VCM\".\n\nAbout VCom\n\nWe design, manufacture and sell products that enable broadband access to\ncable, wireless and telephony networks. Our hardware products incorporate\nembedded software developed by us to meet the complex requirements of\nnext-generation, high-speed digital networks. Service providers use our\nsolutions to deliver services to a converging worldwide broadband market,\nincluding what are commonly known as \"triple play\" (voice, video and data) and\n\"quadruple play\" (voice, video, data and wireless) services. Our solutions\nallow service providers to rapidly and cost-effectively bridge the final\nnetwork segment that connects a system directly to end-users, commonly\nreferred to as \"the last mile\", by overcoming the bottleneck resulting from\ninsufficient carrying capacity in legacy last-mile infrastructures. Visit VCom\nat www.vcom.com.\n\nForward-Lo...