TeliPhone Achieves 2nd Consecutive EBITDA Positive Quarter, Increases Revenues by 108% over Same Period Last Year
15 Août 2008 - 3:30PM
PR Newswire (US)
MONTREAL, Aug. 15 /PRNewswire-FirstCall/ -- TeliPhone Corp. (NASD :
TLPH). TeliPhone reports its third quarter results, with sales
increasing to $381,397 for the three months ended June 30, 2008
compared with $183,630 for the same period last year. The increase
in sales contributed to a nine-month accumulated gross profit of
$332,777, an increase of 170% over last year. Earnings for the
first 9 months of the year before Interest, Taxes, Depreciation and
Amortization (EBITDA) were $28,659 compared with a loss of $78,559
for the same period last year. The new customers acquired from
Dialek Telecom and strong demand for its Internet-based (IP)
services account for the strong growth that the company has
recently been experiencing. The Company has begun to migrate Dialek
customers' existing analog services to higher-profit Internet-based
(IP) services. The acquisition of Dialek customers is a good
indicator of the company's ability to acquire privately-held
re-sellers of traditional telecom services and to leverage a higher
value from the same level of revenues. 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: TeliPhone Corp., (212)
738-0008, , http://www.teliphone.ca/investors; Source: TeliPhone
Corp.
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