TigerTel Communications Inc.
TSX VENTURE : TTL

TigerTel Communications Inc.

September 14, 2009 16:01 ET

TigerTel Communications Inc. Announces Results for the First Quarter Ended July 31, 2009

MISSISSAUGA, ONTARIO--(Marketwire - Sept. 14, 2009) - TigerTel Communications Inc. (TigerTel) (TSX VENTURE:TTL), announced today its operating results for the three-month period ending July 31, 2009. TigerTel reported revenue of $5,738,842, direct costs of $2,684,142 and a gross profit of $3,054,700. Operating expenses amounted to $2,143,435. Net earnings before interest, taxes and amortization for the period was $911,265. Interest, amortization and provision for income taxes amounted to $72,186, $352,341 and $175,787 respectively resulting in net income for the period of $310,951.

For the corresponding period last year the Company reported revenue of $5,627,014, direct costs of $3,134,497 and a gross profit of $2,492,517. Operating expenses amounted to $1,976,006. Loss on sale of an operating division was $46,280. Net earnings before interest, taxes and amortization for the period was $470,231. Interest, amortization and provision for income taxes amounted to $101,380, $307,655and $31,599 respectively resulting in net income for the period of $29,597.

Douglas D. Swift, President and CEO, commented, "Q1 proved to be a very solid start to our 2010 fiscal year. Although we have experienced some weakness in our message center traffic we were able to offset this with improved operating efficiencies. Our focus for this year is maintaining tight cost controls. We are anticipating substantial improvements in operating efficiencies and at the same time balancing increases in support and admin costs with revenue levels. We remain cautiously optimistic for the remainder of the fiscal year given the continued unpredictable business and economic climate."

About TigerTel

TigerTel, a Canadian call center organization, specializes in inbound and outbound call center solutions and services for clients throughout North America. With multiple call centers across Canada, TigerTel has built an infrastructure that provides personalized services to our clients while at the same time delivering world-class results at every level. Tigertel's vision is to provide interactive communication solutions for our clients and their customers by a team focused on service excellence, personal integrity and technical innovation.

This news release contains forward-looking statements that involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in forward-looking statements.

TIGERTEL COMMUNICATIONS INC.

Douglas D. Swift, President and Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content on this news release.

Contact Information

  • TigerTel Communications Inc.
    P. Livingstone
    905-629-7190