November 20, 2008 12:19 ET

NTI Newmerical Inc. Reports Excellent Third Quarter 2008 Results

MONTREAL, QUEBEC--(Marketwire - Nov. 20, 2008) - NTI Newmerical Inc. (TSX VENTURE:CFD) today reported its financial results for the 3rd quarter (Q3) ended September 30, 2008, and provided a review of recent developments in its business activities.


- Q3 had record revenues and net profit; a substantial growth over the corresponding quarter in 2007.

- These excellent results were achieved despite current difficult general economic conditions.

- Expenses were kept at a moderate level, thus improving profitability.

- The drastic decline of the Canadian dollar vs. the US dollar should help NTI, since more than 95% of our sales are outside Canada, all in U.S. dollars.

- The appointment of Beijing Vision Strategy Technology as NTI representative in China had immediate positive results. A joint strategy is expected to yield continued strong results.

- As an example, 4 senior engineers from the First Aircraft Institute of AVIC1 in Xi'an successfully just completed an intensive training on FENSAP-ICE, in Montreal, for an entire month. This highlights the commitment by China to NTI's technology for a range of new Regional Jets and Cargo aircraft. Important engineering projects and research follow-ups were discussed.

- Three multinational companies (Bell Helicopter, Airbus France and SNECMA Moteurs) have renewed their license agreement, highlighting again how NTI's software is still the ONLY one that can simulate in-flight icing for all 3 types of aerospace applications.

- Several European clients were visited recently and are currently evaluating major proposals from NTI. They will be revisited in December, as will be many of our Japanese customers.

- The Company just hired a seasoned Sales Engineer in the US for the wind engineering market.

- NTI welcomes the recent opportunity of appointing, a fourth, high-profile, value-added Director.


Quarter ended September 30, 2008 vs. Quarter ended September 30, 2007

Revenue for Q3-2008 was $218,089, compared to $124,436 for Q3-2007; a net increase of 82%.

Gross profit for Q3-2008 was $141,741 compared to $41,640 in Q3-2007; a 240% growth.

Net profit for Q3-2008 was $38,116 compared to a net loss of $19,173 in Q3-2007.

Revenue for the first 9 months was $618,020 compared to $393,155 in the first 9 months of 2007; a net increase of 57%.

Gross profit for the first 9 months was $396,828 compared to $167,905 in the first 9 months of 2007; a 137% growth.

Net profit for the first 9 months was $115,770 compared to a net loss of $77,544 in the first 9 months of 2007.


Cash and cash equivalents totaled $199,826 on September 30, 2008, compared to $36,404 for the same period in 2007.

NTI is totally debt-free: it has absolutely no bank debt and no long-term debt.


As of September 30, 2008 the number of outstanding common shares was 24,627,000.

Additional information on NTI's results of operations for the period ended September 30, 2008, including management's discussion and analysis, may be found on SEDAR at


or on www.newmerical.com/investors

The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this release.

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