Info Touch News Releases
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November 1, 2005
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October 10, 2005
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September 22, 2005
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September 15, 2005
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August 29, 2005
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August 2, 2005
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July 12, 2005
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June 15, 2005
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May 10, 2005
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May 2, 2005
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April 8, 2005
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March 28, 2005
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March 17, 2005
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March 17, 2005
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March 8, 2005
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March 2, 2005
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February 24, 2005
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January 27, 2005
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January 24, 2005
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January 17, 2005
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December 17, 2004
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December 16, 2004
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December 2, 2004
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December 1, 2004
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October 27, 2004
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October 12, 2004
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October 5, 2004
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September 27, 2004
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September 17, 2004
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August 24, 2004
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August 13, 2004
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June 28, 2004
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June 16, 2004
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June 15, 2004
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May 31, 2004
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May 4, 2004
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April 5, 2004
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March 31, 2004
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March 25, 2004
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March 19, 2004
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December 30, 2003
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November 12, 2003
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October 20, 2003
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October 14, 2003
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September 4, 2003
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August 7, 2003
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July 22, 2003
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June 27, 2003
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June 26, 2003
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June 17, 2003
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June 11, 2003
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May 27, 2003
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April 2, 2003
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March 31, 2003
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February 20, 2003
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January 28, 2003
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January 21, 2003
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January 7, 2003
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December 18, 2002
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October 16, 2002
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September 23, 2002
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September 16, 2002
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September 10, 2002
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August 26, 2002
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August 22, 2002
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August 19, 2002
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July 3, 2002
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July 2, 2002
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June 18, 2002
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June 11, 2002
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May 23, 2002
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May 8, 2002
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April 17, 2002
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April 9, 2002
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April 4, 2002
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April 2, 2002
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March 20, 2002
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March 7, 2002
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February 19, 2002
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February 6, 2002
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January 31, 2002
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January 30, 2002
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January 24, 2002
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January 2, 2002
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December 14, 2001
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December 7, 2001
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December 7, 2001
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Novemer 29, 2001
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Novemer 27, 2001
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Novemer 15, 2001
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October 30, 2001
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October 19, 2001
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October 16, 2001
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September 5, 2001
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July 9, 2001
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June 27, 2001
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June 26, 2001
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May 17, 2001
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May 9, 2001
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April 18, 2001
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April 16, 2001
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March 27, 2001
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February 21, 2001
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February 6, 2001
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January 23, 2001
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January 19, 2001
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December 22 (a), 2000
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December 22 (b), 2000
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December 5, 2000
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November 7, 2000
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October 25, 2000
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October 17, 2000
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October 2, 2000
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September 25, 2000
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July 17, 2000
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July 14, 2000
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July 12, 2000
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July 7, 2000
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July 5, 2000
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July 4, 2000
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June 29, 2000
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June 7, 2000
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May 15, 2000
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May 10, 2000
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May 4 (a), 2000
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May 4 (b), 2000
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April 17, 2000
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April 7 (a), 2000
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April 7 (b), 2000
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March 23, 2000
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March 21, 2000
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March 15, 2000
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February 22, 2000
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February 21, 2000
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February 10, 2000
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February 9 (a), 2000
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February 9 (b), 2000
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February 1, 2000
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January 18, 2000
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INFO TOUCH TECHNOLOGIES - 2004 Q2 FINANCIAL RESULTS
--Quarterly Revenue Up 75%--
Burnaby, BC,March 25, 2004
Burnaby, BC, March 25,2004– Info Touch Technologies Corp. (www.infotouch.net) (TSX Venture: IFT) today announced results for the second quarter ended January 31, 2004. Revenue increased 75% to $1,605,526 with a net profit of $12,937 compared to revenue of $916,579, and a profit of $9,173 one year ago. Revenue for the six month period increased 96% to $3,146,617, with a net profit of $77,878, compared to revenue of $1,601,401 and a loss of $53,312 one year ago.
At January 31, 2004, the Company reported cash and cash equivalents of $1,149,484 and a net working capital of $578,148. This compares with a cash balance of $1,010,657 and a net working capital deficiency of $333,622 as at July 31, 2003, and reflects an increase of $138,827 and $911,770 in the Company’s cash and working capital positions respectively.
“The company is pleased to report the continued growth in recurring revenue,” stated Hamed Shahbazi, Chairman and Chief Executive Officer of Info Touch. “Going forward, our primary focus is threefold; growing and optimizing the transactional revenue on its kiosk networks; growing the number of kiosks deployed and growing the number of applications and optimizing their effectiveness.”
Recognizing the significant growth potential of recurring transactional revenue, the Company has transitioned to a corporate ownership model that captures a majority of the lifetime revenue potential of each deployed device. Transactional revenue represents the fastest growing and most profitable segment of the Company’s business and along with new kiosk deployments is an excellent measure of the Company’s performance.
For the three months ended January 31, 2004, compared to one year ago, the number of kiosks has increased to 219 from 37, and transactional revenue has increased 107%, accounting for $758,556 or 47% of total quarterly revenue. The Total recurring revenue which includes both transactional and maintenance revenue increased by 209% to account for $938,407 or 58.5% of total quarterly revenue.
Info Touch is committed to an aggressive business strategy to build a North American self-service automated kiosk network. With a business model increasingly focused on consumer funded transaction fees referred to as “convenience fees”, the Company’s kiosks are equipped to merchandise recurring revenue services such as pre-paid telecommunications, wireless access (Wi-Fi), self-service lottery sales and pre-paid mobile phone content including games and ring tones. The kiosks also offer Personal Financial Services (PFS) applications such as bill payment, money transfer and other prepaid products and services.
Conference Call:
You are invited to attend a conference call on Friday March 26 at 1:30pm Eastern Standard Time to review the second quarter financial results. The dial-in numbers are 416-640-4127 in Toronto, or, Toll Free 1-800-814-3911. Callers should request the Info Touch Technologies Conference.
About Info Touch
Info Touch Technologies develops and deploys financial transaction software and consumer services in the self-service automated kiosk Industry. For more information visit www.infotouch.net
Behshad Hastibakhsh, Media Relations
Tel: 604.298.4636, Ext. 250
Toll Free: 888.679.3322
John Lewis and Lenny Foreht, Business Development
Tel: 416-364-2266
Toll Free: 1-877-600-6001
Email: jrlewis@linearcapital.com
The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for its adequacy and accuracy.
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