AtmanCo Inc.
TSX VENTURE : ATW

AtmanCo Inc.

November 28, 2013 18:00 ET

AtmanCo Announces Results of 3rd Quarter for 2013

MONTREAL, QUEBEC--(Marketwired - Nov. 28, 2013) - AtmanCo Inc. ("AtmanCo" or the "Company") (TSX VENTURE:ATW), shares today its results for the 3-month period ending September 30th, 2013.

Here are the highlights for the period:

  • For the quarter, increased revenues of 78% for the Company, from 189 008$ to 336 424$, due to the reverse takeover of Biotonix (2010) inc. among other things. For the nine months ending September 30th 2013, a 119% operating income increase, from 482 614$ to 1 055 936$
  • Deferred revenue in the amount of 273 792 $ as of September 30th, 2013.

It is important to note that the two periods are not comparable because the financial statements are consolidated since October 18th, 2012 following the reverse takeover. To be able to compare the two periods, we have used the financial data for the 9 month period ending August 31st 2012, hence from December 1st 2011 to August 31st 2012, since they are closest to the current period of the current year.

July 1st 2013
to
September 30
th 2013
June 1st 2012
to
August 31
st 2012
January 1st 2013 to
September 30
th 2013
December 1st 2011
to
August 31
st 2012
Interim consolidated statements of comprehensive income
Revenues 336 424 189 008 1 055 936 482 614
Operating income (248 134 ) (10 765 ) (772 959 ) (243 875 )
Net earnings and overall result (254 702 ) (44 713 ) (781 730 ) (334 171 )
Net earnings per basic and fully diluted share (0,01 ) (0,00 ) (0,02 ) (0,02 )
September 30th 2013
$
December 31st 2012
$
Interim consolidated statements
of cash flows
Cash and cash equivalents 551 928 1 187 941
Total assets
Total liabilities
2 720 125
824 638
3 575 135
826 498
Other liabilities 50 050 154 080
Equity 1 845 438 2 594 557

The data above includes a summary of highlights. For further information, please refer to the Corporation's consolidated financial statement, as well as the Management Report at www.sedar.com.

"We managed to keep an interesting level of activity in the third quarter. The demand remained constant, but the recognition of the importance of good assessment and management of human capital in companies is becoming more important. The trend towards the integration of measurement tools in the business process will give even more credibility to our solutions" said Michel Guay, President and CEO of AtmanCo.

Certain information appearing in this press release may be of a "prospective" nature comprising known and unknown risks, uncertainties, forecasts and other factors liable to materially affect actual outcomes, performances or accomplishments of the Company or industry results compared to all results, performances or accomplishments arising expressly or implicitly from information of a prospective nature.

Additional information pertaining to the Company is available on SEDAR at www.sedar.com

ATMANCO PROFILE

Field of human ressources

Using a management interface (Web platform) that is among the most advanced in the world, AtmanCo helps executives and managers recruit qualified human resources and place the right person in the right position.

By quickly obtaining results of psychometric tests, comparing profiles to job norms and generating sales, management and team complementarity reports, managers are equipped throughout their human resources processes with AtmanCo's versatile solution.

The Company stands out in its marketing approach via its Web site, direct sales and partner network. For further information, visit www.atmanco.com

Field of cyberhealth

AtmanCo provides corporations and health and physical conditioning professionals with the means to enhance the value and efficiency of their customer services and to offer personalized corrective solutions for posture and physical condition.

The TSX Venture Exchange and its Regulatory Services provider (as per meaning assigned to this term in TSX Venture Exchange's policies) bear no liability as to the relevance or accuracy of this press release.

Contact Information

  • AtmanCo Inc.
    Michel Guay
    President and CEO
    514.935.5959 ext. 301
    www.atmanco.com