Visiphor Releases Q1-2008 Results
02 Giugno 2008 - 2:30PM
Marketwired
VANCOUVER, BC (TSX-V: VIS) (XETRA: IGYA) ("Visiphor" or the
"Company") is pleased to announce its results for the first quarter
of 2008. The first quarter results have been posted on the EDGAR
and SEDAR systems.
The Company reports that its revenues for the first quarter of
2008 were $1.5 million*. Expenses were $1.7 million* for the
quarter ended March 31, 2008. Net loss for the first quarter was
$200,000*. EBITDA income was $45,000*. This positive EBITDA
represents the Company's highest EBITDA to date and is the
Company's first positive EBITDA to date.
(* Actual Rounded)
Q1 Results
----------
-------------------------------------------------------------------------
March 31, 2008 March 31, 2007
(actual rounded) (actual rounded)
-------------------------------------------------------------------------
Revenue $1,500,000 $1,280,000
-------------------------------------------------------------------------
Expenses $1,700,000 $1,960,000
-------------------------------------------------------------------------
Net Loss $(200,000) $(680,000)
-------------------------------------------------------------------------
EBITDA** $45,000 $(450,000)
-------------------------------------------------------------------------
Visiphor CEO Roy Trivett states, "We have worked hard to get our
financial performance on a positive track and the success of our
efforts is clearly illustrated by these numbers. Our renewed focus
on product sales is further supported by applying the majority of
our recent funding to product development and enhancement. We have
restructured our sales force to support new initiatives in the US
and Canadian justice and health care sectors."
The Company recommends that the full details of Visiphor's
financial results be read in conjunction with this news release.
These results will be available by reviewing the Company's 2008
Form 10Q which is filed on both the SEDAR and EDGAR systems.
About Visiphor
Visiphor is a software product and services company with special
capabilities for delivering practical, rapidly deployable solutions
that integrate business processes and databases. Visiphor's
consulting services group provides expertise in business process
workflow, business systems analysis and utilizes technologies such
as SOA, ESB, EAI, EII and ETL for government, law enforcement,
security, health care and financial services.
Visiphor's products include Computerized Arrest and Booking
(CABS), InForce Suite to search and locate disparate information,
Facial Recognition and the Briyante Integration Environment (BIE)
an EII product.
Visiphor solutions are utilized in Canada, the United Kingdom,
United States, Mexico and the Far East. The company is a Microsoft
Gold Certified Partner. For information about Visiphor, please
refer to www.visiphor.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Oliver 'Buck' Revell"
Chairman, Visiphor Corporation
** - EBITDA is a non-GAAP measure that does not have a
standardized meaning and may not be comparable to similar measures
disclosed by other issuers. This measure does not have a comparable
US GAAP measure. Earnings (Loss) Before Interest, Taxes,
Depreciation and Amortization are calculated as Income (Loss) from
operations less depreciation, amortization, interest income and tax
provision.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news
release.
Forward-looking Statements: This press release may contain
statements that constitute "forward-looking statements" within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause our actual
results, performance or achievements, to differ materially from the
anticipated results, performance or achievements expressed or
implied by such forward-looking statements. Factors that could
cause actual results to differ materially from anticipated results
include the risks and uncertainties described in Visiphor
Corporation's Form 10-KSB filed with the United States Securities
and Exchange Commission. We disclaim any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
Distributed by Filing Services Canada and retransmitted by
Marketwire
Media and Investor Inquiries: Roy Trivett CEO Visiphor
Corporation Phone: (604) 684-2449 Ext. 234 E-mail: Email
Contact
Grafico Azioni Visionstate (TSXV:VIS)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Visionstate (TSXV:VIS)
Storico
Da Lug 2023 a Lug 2024