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 2003 FINANCIAL RESULTS
--Record Revenue Growth in Revenue and Earnings-
Vancouver, BC, Wednesday November 12th 2003
Info Touch Technologies (www.infotouch.net) (TSX Venture: IFT) today announced strong operating results for the year ended July 31, 2003. The Company continued its trend of profitable growth in the fourth quarter resulting in record annual gross revenue of $6.8 million. Net earnings for the year were $917,000 or $0.07 per share, versus a loss of ($0.16) per share on revenue of $3.5 million, one year ago.
The Company is rapidly attaining an international reputation as a successful and leading innovator in the market for kiosk-based electronic services. “These financial results confirm the success of our business model,” stated Hamed Shahbazi, Chairman and Chief Executive Officer of Info Touch. ”Today we see our future growth in the continued execution of developing, deploying and managing these economically sustainable terminals in areas where we can create streams of recurring revenue. Our terminals are now being recognized as destination points by consumers who want access to conveniently located, self-serve and cash based bill payment, money transfer, lottery tickets or prepaid products such as phone, wireless and mobile content.”
The Company’s primary focus for the year ahead will be to build out its network of terminals while continuing to increase traffic and add revenue to the operators of large convenience store chains. Info Touch terminals function as points of collection for mass billers and sales channels for companies selling products and financial services who want access to high traffic, convenient retail locations. The Company continues to work with both private equity and lease-based financiers to accelerate the rollout of kiosks. The Company is confident that its focus on creating distribution channels for its growing list of e-services will result in significant growth in recurring transactional revenue and is key to achieving sustained growth in revenue, profitability and the maximization of shareholder value.
The Company closed the year with a significantly improved balance sheet, with cash and cash equivalents of $1M and no significant long term debt. The Company also announced that both Steven Stone and Nicolaos Cacos have left the Board in the previous quarter. We thank them for their deep and substantial contribution to Info Touch.
Conference Call:
You are invited to attend a conference call on Thursday November 13th at 11:30am Eastern Standard Time to review the year end financial results. The dial-in numbers are: 416-640-4127 in Toronto, or, Toll Free 1-800-814-4853. Callers should request the Info Touch Technologies Conference call with the operator, chaired by Hamed Shahbazi, Chairman and CEO of Info Touch technologies.
For those unable to participate in the conference call, there
will be a recording of the call available two hours after following
the call, for a week thereafter. following the call. The dial in
numbers are is 416-640-1917 or 1-877-289-8525 using the access code
21026086#.
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Year
Ended |
July 31, 2003 |
July 31,
2002 |
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$ |
$ |
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Revenue |
6,832,395 |
3,532,218 |
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Gross
Profit |
3,887,009 |
1,151,185 |
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Expenses |
2,969,459 |
3,215,736 |
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Net
Income(NI) |
917,550 |
(2,064,551) |
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(Loss) |
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NI
- (loss) per share |
0.07 |
(0.16) |
About Info Touch
Recently named one of Canada’s Profit
100 and Deloitte and Touche’s Fast 500 (in North America) companies,
Info Touch is North America’s leading provider of kiosk software
based security and management solutions. Surfnet Premiere, its
flagship software platform, is the Fortune 1000’s preferred solution
for public Internet access. Established in 1997, Info Touch
provisions premiere kiosk technology solutions that help drive
bottom-line benefits through the convergence of online and offline
operations. Info Touch clients include: Cable and Wireless
(Caribbean), Telmex, Chapters Indigo, Future Shop / Best Buy,
Macs/Couchetard, ConocoPhillips, KB Home, Fairmont Hotels, Chase
Manhattan Bank, Merrill Lynch / HSBC, the U.S. Army, Marines Corps
and Navy.
Info Touch Technologies
Behshad Hastibakhsh, Media Relations
Ph: (604) 298-4636,
Ext. 250
Toll Free: (888) 679-3322
Email: pr@infotouch.net
Linear Capital Corp. (Business development - Info Touch
Technologies Corp.) John Lewis
Ph: (416) 364-2266
Toll
Free: (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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