AtmanCo Inc.
TSX VENTURE : ATW

AtmanCo Inc.

May 05, 2016 09:00 ET

AtmanCo Releases First-Quarter 2016 Financial Results

MONTREAL, QUEBEC--(Marketwired - May 5, 2016) - AtmanCo inc. ("AtmanCo" or the "Company") (TSX VENTURE:ATW), a leader and innovator in web psychometric test solutions for the corporate market and the consumer market, announces its results for the quarter ended March 31, 2016.

Highlights:

  • For its first quarter of 2016, the Company announced revenues of $246,061 compared to revenues of $220,832 for 2015 comparable quarter, an 11% year-over-year increase.
  • As of March 31, 2016, the Company's order book totalled $775,455 compared to $663,455 on March 31, 2015, a 17% year-over-year increase.
  • As of March 31, 2016, the Company had cash totalling $205,377 compared to $54,918 on December 31, 2015.
  • Cash flows from operating activities totalled $40,825 for the first quarter of 2016 compared to negative cash flows of $214,368 for 2015 comparable quarter, a net improvement of $255,193.
  • Following web strategy efforts, the number of monthly visitors on the web site was up by 58% for the quarter ending on March 31, 2016 compared to 2015 comparable quarter. The continuously increasing number of visitor improves visibility and the potential of sales conversion.
  • In the first quarter of 2016, as part of the Company's partnership with Voxtel RNIS Telecommunications Inc. (Voxtel), owner of Quebec Rencontres' site, AtmanCo' paid services were made available on Quebec Rencontres website, which will increase sales volume from consumers in 2016.

"For AtmanCo, the first quarter of 2016 helped to achieve one of the Company's key objectives for 2016, which was to pursue the development of our internal growth strategy while being responsible and autonomous financially to insure long-term sustainability of the Company.

Moreover, we are expecting that our paid services now offered on Quebec Rencontres' website, along with our continued inbound marketing strategy for our corporate division, will contribute to sales increase in the next quarters.

In the meantime, the Company pursues its efforts to raise additional financing in order to accelerate its growth", said President and CEO of AtmanCo, Michel Guay.

The above data includes a summary of highlights. For further information, please consult the Corporation's interim consolidated financial statement as well as the Management Report for the quarter ended March 31, 2016 at www.sedar.com

This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. There is a risk that expectations and forward-looking statements will not prove to be accurate. Readers are cautioned not to place undue reliance on these forward-looking statements as they involve risks and uncertainties, which could make actual results differ materially from those projected herein and depend on a number of factors including, but not limited to, no history of profitability, future financing, intellectual property and patents, key personnel, competitive marketplace, technology obsolescence, share price volatility and other risks detailed from time to time in the Company's filings. While AtmanCo anticipates that subsequent events and developments may cause its views to change, AtmanCo specifically disclaims any obligation to update these forward looking statements, unless obligated to do so by applicable securities laws

Additional information regarding the Company are available on SEDAR www.sedar.com

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.

ABOUT ATMANCO

AtmanCo is the publisher of a scientifically validated psychometric test. Through the HR cloud platform or the application program interface (API), the results allow the companies to optimize the talents of their human capital by improving the recruiting and organizational development success rate. AtmanCo's solutions also enable impacting the major consumer market by easily integrating them with our partners' technological solutions.

Contact Information

  • SOURCE:
    AtmanCo Inc.
    Michel Guay
    CEO
    514.935.5959 ext. 301

    Simon Bedard
    CFO
    514.935.5959, ext. 304
    www.atmanco.com