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 ANNOUNCES FINANCIAL RESULTS FOR
FISCAL YEAR 2001
Burnaby, BC, December 7, 2001
Burnaby, BC, December 7, 2001 - Info Touch Technologies (www.infotouch.net) (CDNX: IFT) announced operating results for the Company's fiscal year ended July 31, 2001. Fiscal 2001 consolidated revenues were $2.9 million versus $4 million in fiscal 2000 with an operating loss of $2.9 million up from $1.7 million for the same period last year. The decrease in revenue and the net loss are directly attributable to the postponement of several large-scale kiosk deployments due to the economic downturn and the difficult financial condition of many dot-coms and retailers. The Company also reported special charges associated with corporate restructuring and the implementation of a new operating model. During fiscal 2001, Info Touch increased its focus on providing advanced technology/software solutions, operational outsourcing strategy, and recurring revenue.
"This fiscal year represents the most significant changes at Info Touch," commented Hamed Shahbazi, CEO and Chairman of Info Touch. "The markets were undoubtedly difficult for everyone, and we have taken pro-active measures to address the challenges of financing and operations. We've aggressively reduced our burn rate and restructured significant portions of the Company, from outsourcing kiosk manufacturing to establishing a new media company, Clicks and Mortar Media Inc. We are now exclusively focused on providing our customers with end-to-end technology solutions."
Mr. Shahbazi continued: "These changes have enabled us to develop critical alliances with such industry leaders as Compaq, Microsoft, WorldCom and Phillips. In the first quarter of our new fiscal year, Compaq acquired a 19.7% (pre-transaction) equity stake in Info Touch, a significant validation. Having demonstrated our ability to overcome the hurdles of this year, we are now focused on securing a significant share of the US$1.4 billion interactive kiosk industry. We see the return of large-scale projects in 2002, and with an aggressive sales and marketing strategy, we are confident to fulfill and surpass the expectations of our Company and our shareholders."
About Info Touch
Info Touch, North America's leading kiosk technology company, creates Internet-based kiosk applications to extend the reach and product offerings of traditional bricks-and-mortar businesses. Established in 1997, Info Touch delivers its superior public access kiosk technology by identifying and exploiting opportunities that exist between traditional businesses and online ventures. Current Info Touch clients include Cable and Wireless (Caribbean), MCI WorldCom, Telecom Mexico, Telmex, Chapters Indigo Bookstore, Future Shop/Best Buy, Macs/Couchetard, Phillips 66 Company (Circle K), Chase Manhattan Bank, the U.S. Army, Marines Corps and Navy.
For more information please contact:
Info Touch Technologies Corp.
Behshad Hastibakhsh, Media Relations
Tel: 604.298.4636, Ext. 250
Toll Free: 888.679.3322
Email: pr@infotouch.net
Linear Capital Corp.
John Lewis, Investor Relations
Tel: 416-364-2266
Toll Free: 1-877-600-6001
Email: jrlewis@linearcapital.com
The Canadian Venture Exchange has not reviewed this news release and does not accept responsibility for its adequacy and accuracy.
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