AtmanCo Inc.
TSX VENTURE : ATW

AtmanCo Inc.

August 27, 2014 07:00 ET

AtmanCo Announces the Results of Second Quarter for 2014

MONTREAL, QUEBEC--(Marketwired - Aug. 27, 2014) - AtmanCo Inc. (« AtmanCo » or the « Company ») (TSX VENTURE:ATW) a leading innovator in HR web solutions based on a psychometric test aimed at recruitment and organizational development, announces its results today for the 3 and 6-month periods ending June 30, 2014.

The highlights of the quarter:

  • The Company announces revenues in the amount of $ 209,935 and deferred revenues in the amount of $ 549,865, compared to revenues in the amount of $ 228,188 and deferred revenues of $ 225,881 ($ 162,375 for continuing operations) for the comparable quarter of 2013.
  • On June 6, the Company has concluded a private placement resulting in total gross proceeds of $ 1,458,000 with a portfolio management company, COTE 100 Inc.
  • On June 30, the company has concluded a private placement resulting in total gross proceeds of $ 681,800.
  • On May 29, the company has closed the sale of the assets from the cyberhealth division. Upon completion of this transaction, the Company received net cash proceeds of $ 380,364.
  • As of June 30, the Company has cash totaling $ 2,353,694 compared to $ 706,160 for the comparable quarter of 2013.

« During the quarter, AtmanCo made ΓÇïΓÇïtwo significant private investments. This funding will accompany us in the rapid expansion of our Company through our innovative and evolving digital marketing strategy. In addition, this funding will also support us in the continuous development of our sales teams in Montreal and San Francisco, as well as our web development » declared Michel Guay, President and CEO of AtmanCo.

in thousands of $ June 30
2014
June 30
2013
December 31
2013
Extracted from interim consolidated statements of cash flows
Cash and cash equivalents 2 354 706 509
Deferred revenues 550 226 531
in thousands of $
(except amounts per share)
3-month periods ending 6-month periods ending
June 30
2014
June 30
2013
June 30
2014
June 30
2013
Extracted from the interim consolidated statements of comprehensive income of continuing operations (human resources field)
Revenues 210 228 378 445
Net earnings of continuing operations (289 ) (220 ) (559 ) (427 )
Net earnings per basic and fully diluted share for continuing operations (dollar per share) (0.01 ) (0.01 ) (0.01 ) (0.01 )
in thousands of $
(except amounts per share)
3-month periods ending 6-month periods ending
June 30
2013
June 30
2014
June 30
2013
June 30
2014
Extracted from the interim statements of results of discontinued operations
Revenues 101 137 225 275
Net earnings of discontinued operations 37 (39 ) 82 (90 )
Net earnings per basic and fully diluted share (dollar per share) 0.00 (0.00 ) 0.00 (0.00 )

AtmanCo announces the following changes to its board of directors: the appointment of Mr. Marc Dallaire, and the resignation of Mr. René Vachon.

Mr. Dallaire is a managing partner at Dallaire & Lapointe Inc. since 2000 and acts as a tax and special services manager. Marc Dallaire was previously a partner at Lévesque, Allard, Dallaire, GP for 2 years. With over 25 years of experience, Mr. Dallaire has also served as Vice-President of the Investment Committee of Desjardins-Innovatech, and Vice President and Chairman of the Investment Committee of Desjardins Venture Capital for the Regions of Quebec and cooperatives.

Following the press release issued on May 27, 2014 regarding the letter of intent to acquire Fly Conseils Inc., the Company announces that the transaction will not take place. The transaction was subject to certain conditions including satisfactory due diligence carried out by the Company on Fly Conseils Inc.

The above data comprise a summary of highlights. For further information, please consult the Corporation's consolidated financial statement, as well as the Management Report for the fiscal year ending June 30, 2014 at www.sedar.com.

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. When used in this press release, information may include terms such as "anticipate", "estimate", "may", "will", "expect", "predict that", "presume" or "contemplate" and other terminology. These particulars reflect current expectations concerning future events and operational performance, and are valid solely on the date of this press release. Unless required by law, we will assume no obligation to update or revise prospective information in order to convey new events or circumstances. Additional information pertaining to the Company is available on SEDAR at www.sedar.com

ATMANCO'S PROFILE

AtmanCo enables companies to optimize the talents of their human capital by improving their success rate in recruitment and organizational development. Its user-friendly and innovative cloud HR platform is based on the results of a scientifically validated psychometric test.

AtmanCo's proven human potential development tools and scalable technology are easily integrated within existing process for selection and human capital management, as well as existing Talent Management Systems (TMS) or Applicant Tracking Systems (ATS) in businesses.

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

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