TeliPhone Corp. Achieves EBITDA Positive Quarter, Increases Revenues by 81% over Same Period Last Year
24 Juillet 2008 - 3:30PM
PR Newswire (US)
MONTREAL, July 24 /PRNewswire-FirstCall/ -- TeliPhone Corp. (NASD :
TLPH). TeliPhone Corp. reports its second quarter results, with
sales increasing by 81% to $291,895 for the second quarter of 2008
compared with $161,281 for the same period last year. The increase
in sales contributed to a gross profit of $113,674, an increase of
206% over last year. Earnings before Interest, Taxes, Depreciation
and Amortization were $14,378 compared with ($63,121) for the same
period last year. The increase in gross profit is primarily due to
the company's effectiveness at reducing its costs as the volume of
call traffic increases over its telecommunications network. The
increasing call traffic is a result of an increase in the number of
small and medium sized businesses now benefiting from TeliPhone's
services. "The positive results demonstrate our team's ability to
leverage our network and technology to deliver value-added services
to our clients at higher gross margins", adds TeliPhone's President
& CEO George Metrakos. "Our customers continue to show their
confidence in TeliPhone's ability to provide them with excellent
call quality while ensuring maximum up-time even during loss of
power or internet access". About TeliPhone Corp. TeliPhone Corp. is
an Internet-based digital telecommunications company employing its
own technology. Customers of TeliPhone, primarily small and medium
sized businesses, receive more value added services for lower cost
when using TeliPhone. TeliPhone specializes in hosted business
telephony systems that reduce customer capital equipment costs
while offering global incoming and outgoing call services with
best-of-breed call quality. For more information, visit the company
website at http://www.teliphone.us/. This news release contains
forward-looking statements that are subject to various risks and
uncertainties. The Company's actual results could differ materially
from those anticipated in such forward-looking statements as a
result of numerous factors that may be beyond the Company's
control. Forward-looking statements are based on the expectations
and opinions of the Company's management on the date the statements
are made, and the Company assumes no obligation to update
forward-looking statements should circumstances in management's
expectations or opinions change. DATASOURCE: Teliphone Corp.
CONTACT: George Metrakos, TeliPhone Corp., (212) 738-0008, ,
http://www.teliphone.ca/investors; Source: TeliPhone Corp.
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