Info Touch News Releases
|
|
|
|
|
|
November 1, 2005
|
|
October 10, 2005
|
|
September 22, 2005
|
|
September 15, 2005
|
|
August 29, 2005
|
|
August 2, 2005
|
|
July 12, 2005
|
|
June 15, 2005
|
|
May 10, 2005
|
|
May 2, 2005
|
|
April 8, 2005
|
|
March 28, 2005
|
|
March 17, 2005
|
|
March 17, 2005
|
|
March 8, 2005
|
|
March 2, 2005
|
|
February 24, 2005
|
|
January 27, 2005
|
|
January 24, 2005
|
|
January 17, 2005
|
|
December 17, 2004
|
|
December 16, 2004
|
|
December 2, 2004
|
|
December 1, 2004
|
|
October 27, 2004
|
|
October 12, 2004
|
|
October 5, 2004
|
|
September 27, 2004
|
|
September 17, 2004
|
|
August 24, 2004
|
|
August 13, 2004
|
|
June 28, 2004
|
|
June 16, 2004
|
|
June 15, 2004
|
|
May 31, 2004
|
|
May 4, 2004
|
|
April 5, 2004
|
|
March 31, 2004
|
|
March 25, 2004
|
|
March 19, 2004
|
|
December 30, 2003
|
|
November 12, 2003
|
|
October 20, 2003
|
|
October 14, 2003
|
|
September 4, 2003
|
|
August 7, 2003
|
|
July 22, 2003
|
|
June 27, 2003
|
|
June 26, 2003
|
|
June 17, 2003
|
|
June 11, 2003
|
|
May 27, 2003
|
|
April 2, 2003
|
|
March 31, 2003
|
|
February 20, 2003
|
|
January 28, 2003
|
|
January 21, 2003
|
|
January 7, 2003
|
|
December 18, 2002
|
|
October 16, 2002
|
|
September 23, 2002
|
|
September 16, 2002
|
|
September 10, 2002
|
|
August 26, 2002
|
|
August 22, 2002
|
|
August 19, 2002
|
|
July 3, 2002
|
|
July 2, 2002
|
|
June 18, 2002
|
|
June 11, 2002
|
|
May 23, 2002
|
|
May 8, 2002
|
|
April 17, 2002
|
|
April 9, 2002
|
|
April 4, 2002
|
|
April 2, 2002
|
|
March 20, 2002
|
|
March 7, 2002
|
|
February 19, 2002
|
|
February 6, 2002
|
|
January 31, 2002
|
|
January 30, 2002
|
|
January 24, 2002
|
|
January 2, 2002
|
|
December 14, 2001
|
|
December 7, 2001
|
|
December 7, 2001
|
|
Novemer 29, 2001
|
|
Novemer 27, 2001
|
|
Novemer 15, 2001
|
|
October 30, 2001
|
|
October 19, 2001
|
|
October 16, 2001
|
|
September 5, 2001
|
|
July 9, 2001
|
|
June 27, 2001
|
|
June 26, 2001
|
|
May 17, 2001
|
|
May 9, 2001
|
|
April 18, 2001
|
|
April 16, 2001
|
|
March 27, 2001
|
|
February 21, 2001
|
|
February 6, 2001
|
|
January 23, 2001
|
|
January 19, 2001
|
|
December 22 (a), 2000
|
|
December 22 (b), 2000
|
|
December 5, 2000
|
|
November 7, 2000
|
|
October 25, 2000
|
|
October 17, 2000
|
|
October 2, 2000
|
|
September 25, 2000
|
|
July 17, 2000
|
|
July 14, 2000
|
|
July 12, 2000
|
|
July 7, 2000
|
|
July 5, 2000
|
|
July 4, 2000
|
|
June 29, 2000
|
|
June 7, 2000
|
|
May 15, 2000
|
|
May 10, 2000
|
|
May 4 (a), 2000
|
|
May 4 (b), 2000
|
|
April 17, 2000
|
|
April 7 (a), 2000
|
|
April 7 (b), 2000
|
|
March 23, 2000
|
|
March 21, 2000
|
|
March 15, 2000
|
|
February 22, 2000
|
|
February 21, 2000
|
|
February 10, 2000
|
|
February 9 (a), 2000
|
|
February 9 (b), 2000
|
|
February 1, 2000
|
|
January 18, 2000
|
|
INFO TOUCH ON TRACK WITH SHIFT TO RECURRING REVENUE MODEL
Recurring revenue up 154% through first 3 quarters of 2004
Burnaby, BC, June 28,2004
Info Touch Technologies Corp. (TSX Venture: IFT) announced financial results for the three- and nine-month periods ended April 30, 2004. The Company’s performance during 2004 is on target with its shift to a recurring revenue model. For the nine-month period total recurring revenue, including transactional and maintenance services, was $2,919,034 or 63% of total revenue, compared to 26% of total revenue one year ago. For the third quarter, total recurring revenue increased 113% to $1,007,741 from $473,348 in the corresponding quarter of the prior year.
Third quarter revenue was $1,463,433 with a loss of $182,996. This compares with $2,778,933 and earnings of $585,258 in the third quarter of 2003, where results were driven primarily from the sale of kiosks for the Circle K Zaplink network. Since then the Company has transitioned to a corporate ownership model to capture the majority share of the lifetime revenue of the kiosk. For the first nine months of 2004 revenue increased to $4,610,049, with a loss of $105,118, compared with revenue of $4,380,334 and earnings of $531,946 for the corresponding period one year ago. The 5% increase in nine-month revenue reflects the longer-term impact of building an economically sustainable business model based on recurring revenues without significant system sales.
“We have executed on driving recurring revenues to new heights through both transactional and maintenance revenue growth,” said Hamed Shahbazi, President and CEO. “Our focus has been to continue to build an enterprise that is based on a predictable ongoing revenue model even at the expense of losing some one-time revenues. We continued to aggressively deploy more kiosks this quarter, most of which were based on our corporate ownership model. The long term benefits of transactional revenue will continue to multiply as we add new location and application partners throughout the US and Canada.”
|
|
Q3
2004 |
Cumulative
2004
(9
Months) |
Increase
(from
fiscal 2003) |
%
Increase
(from
fiscal 2003) |
|
Units
deployed |
70* |
314** |
152
|
94% |
|
Transactional
Revenue |
$833,969 |
$2,371,404 |
$1,457,220
|
159% |
|
Maintenance
Revenue |
$173,772 |
$547,630 |
$310,727
|
131% |
|
Total
Recurring Revenue |
$1,007,741 |
$2,919,034 |
$1,767,947
|
154% |
* The majority of kiosks deployed in Q3 were shipped in Q3 and commenced generating revenue in early Q4. Kiosks typically require 6-8 months to reach 75% of their revenue maturity.
** This number signifies IFT’s entire network of personal financial services kiosks as part of its “core” network
Deployments and Applications Increasing
The substantial growth in transactional revenue is the result of the successful and growing deployment of kiosks with Circle K stores and Cricket communications in the southwestern US. During the quarter the Company announced an agreement with Exxon Mobil to deploy 41 Company owned and managed transactional-based “e-Wiz” kiosks to ‘Tiger market’ locations in Memphis Tennessee where initial transaction figures have been strong.
In addition, the Company broadened its relationship with Alimentation Couche-Tard (Mac’s stores) with a 34 Zaplink kiosk deployment to Mac’s stores in Vancouver BC. Both the Mac’s and Exxon Mobil deployments contributed transactional revenues in the fourth quarter.
Subsequent to the quarter, the Company was successful in closing a private placement for gross proceeds of $2,073,000. These funds will permit the Company to substantially grow its install base, improve cash flow and achieve sustained profitability.
Conference Call:
You are invited to attend a conference call on Tuesday June 29th at 2:00pm Eastern Standard Time to review the third 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 is a leader in the development and deployment of secure financial transaction software and consumer services in the electronic kiosk Industry. For more information visit www.infotouch.net
For further information, please contact:
Behshad Hastibakhsh, Media Relations
Info Touch PR
Tel: 604.298.4636, Ext. 250
Toll Free: 888.679.3322
E-mail: pr@infotouch.net
John Lewis or Lenny Foreht, Business Development
Info Touch /Bus. Dev.
Tel: 416.364.2266
Toll Free: 877.600.6001
E-mail: jrlewis@infotouch.net
The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for its adequacy and accuracy.
back to top
|
|
|
|
|
|
|
|
| |
