Intema Solutions Inc.
TSX VENTURE : ITM

Intema Solutions Inc.

November 11, 2009 12:26 ET

Intema Solutions Inc Announces Third Quarter Results

MONTREAL, QUEBEC--(Marketwire - Nov. 11, 2009) - Intema Solutions Inc (TSX VENTURE:ITM) announced today its financial results for the third quarter ended September 30th, 2009. All amounts are in Canadian dollars unless otherwise indicated.

The company's margin on Earnings before amortization, financial expenses and income taxes (EBITDA), a measure of operating performance used by management and certain users of our financial statements, improved to 13% for the quarter and 12% for the first nine months compared to a negative 6% and 8% last year. We declared a $68,000 EBITDA in this quarter and the company has now been EBITDA positive for the last four quarters.

The company's revenues decreased by 16% to $492 351 in the quarter and decreased 5% to $1,652,817 in the first nine months of the year. This decrease is explained by the slow activity of marketing campaign during the months of summer vacations.

"Although, we have seen a decrease in the revenues, the company was still able to realize its productivity and profitability objectives ", stated Roger Plourde, President and CEO of Intema.

Non-GAAP Measure

The reader should note that the Company reports its financial results in accordance with GAASP. However, in this press release, the following non-GAAP financial measure is used: Earnings before amortization, financial expenses and income taxes (EBITDA). Management believes that this non-GAAP measure provides useful information to investors regarding the company's financial condition and results of operations as they provide additional measures of its performance. This measure should be considered as supplemental in nature and not as a substitute for the related financial information prepared in accordance with GAAP.

Intema Solutions inc.

Intema Solutions Inc.'s mission is to integrate technologies to marketing. Its services include relational marketing, online visibility, website persuasion, virtual community marketing and online collaboration. Since 1994, INTEMA has dedicated its efforts in delivering key solutions to the Marketing industry. Amongst its clients are companies of all sizes in North America.

For more information, please visit our website at www.intema.ca

Caution concerning forward-looking statements

Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of Intema Solutions Inc. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. The business of the Company and these forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ from expected results. A description of risk factors is discussed in the Company's Annual MD&A and financial information filed with the securities regulatory authorities in Canada. The Company's business, financial condition or operating results could be materially adversely affected if any of these risks and uncertainties were to materialize. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



SELECTED FINANCIAL INFORMATION OF INTEMA SOLUTIONS INC

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Quarter ended Nine month ended
September 30th September 30th
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2009 2008 2009 2008
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FINANCIAL PERFORMANCE

Revenues 492,351 591,124 1,568,719 1 ,652,817

EBITDA(1) 68,000 (38,226) 193,538 (135,604)

EBITDA margin(1) 13% (6%) 12% (8%)

Net earnings (85,590) (71,171) (271,665) (148,441)
Net earnings per share

- Basic (0.0034) (0.0052) (0.0109) (0.0109)

- diluted (0.0034) (0.0052) (0.0108) (0.0109)

Cash flows provided by
continuing activities (166,429) (116,159) (352,220) (324,653)
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FINANCIAL SITUATION

Total assets 5,635,899 2,442,476

Shareholders' equity 3,494,453 969,443

Shareholders' equity
per common share 0.14$ 0.07$

Working capital 40,757 266,850

Current ratio 1.02 1.19$

Long-term debt (current
and long-term portions) 802,278 341,482

Long term debt to
capitalization ratio 0.22 0.35

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