iMarketing Solutions Group Inc. Reports Third Quarter September 30, 2011 Results
(firmenpresse) - CALGARY, ALBERTA -- (Marketwire) -- 11/28/11 -- iMarketing Solutions Group Inc. (TSX VENTURE: XDM) -
iMarketing Solutions Group Inc. a North American specialty entertainment and relationship marketing company, today reported its financial results for the nine months ending September 30, 2011.
The amounts in this earnings release, MD&A and interim financial statements for the nine months ended September 30, 2010, have been restated to reflect the adoption of IFRS, with effect from January 1, 2010. Further disclosure on the transition to IFRS can be found in the Company's MD&A and notes to the Company's consolidated condensed interim financial statements for the nine months ended September 30, 2011. This disclosure contains a description of the IFRS adjustments and reclassifications on transition and a reconciliation of the Company's financial statements previously prepared under Canadian GAAP to those prepared under IFRS for the three and nine months ended September 30, 2010, and for the year ended December 31, 2010.
Net loss for the three months ended September 30, 2011 amounted to $706 thousand or $0.02 per share on a fully diluted basis. This compares to the net loss for the three months ended September 30, 2010 of $782 thousand or $0.02 per share on a fully diluted basis. Net earnings for the nine months ended September 30, 2011 amounted to $761 thousand or $0.02 per share on a fully diluted basis. This compares to the net earnings for the nine months ended September 30, 2010 of $1,396 thousand or $0.04 per share on a fully diluted basis. Net earnings for the nine months ended September 30, 2010, as restated under IFRS, include a positive earnings adjustment of $988 thousand reflecting the merger executed in March 2010.
EBITDA for the three and nine months ended September 30, 2011 amounted to ($427) thousand and $2,865 thousand respectively. This compares positively to EBITDA for the three and nine months ended September 30, 2010 of ($672) thousand and $1,723 thousand respectively.
iMarketing Solutions Group Inc. is one of North America's leading relationship-marketing concerns and producers of cause related entertainment events. The Company's success is attributable to proprietary sales tools including technologically advanced teleservices and sophisticated customer databases.
Certain statements in this press release may constitute "forward looking statements" reflecting our current beliefs, plans, estimates and expectations. These forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company or the combined companies to be materially different from any performance or achievement expressed or implied by such "forward looking statements". Except as required by applicable securities laws, we undertake no obligation to update any forward looking statements for any reason after the date hereof to conform these statements to actual results or to changes in our expectations.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
iMarketing Solutions Group Inc.
Peter Pielsticker
(416) 633-4646
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Datum: 28.11.2011 - 08:53 Uhr
Sprache: Deutsch
News-ID 1060703
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