AtmanCo Inc.
TSX VENTURE : ATW

AtmanCo Inc.

August 25, 2016 09:00 ET

AtmanCo Releases Second-Quarter 2016 Financial Results

MONTREAL, QUEBEC--(Marketwired - Aug. 25, 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 June 30, 2016.

Highlights:

  • For the quarter ended June 30, 2016, the Company announced revenues of $243,609 compared to revenues of $254,476 for 2015 comparable quarter.
  • As of June 30, 2016, the Company's order book totalled $843,231 compared to $690,392 as of June 30, 15, a 22% year-over-year increase.
  • As of June 30, 2016, the Company had cash totalling $73,885 compared to $54,918 on December 31, 2015.
  • On June 9, 2016, the Company announced signature of a letter of intent for the acquisition of 9136-2897 Quebec inc. ('VoxTel') for $3.4 million. VoxTel is a Canadian telecom company specialized in the development of interactive voice response applications and carrier billing for mobile and landline phones as well as the owner of the online dating site Quebec Rencontres for which AtmanCo has a partnership with.

"The contemplated acquisition of VoxTel should accelerate mass market solutions specifically in our online dating market, diversify our customer base while benefiting from cross-selling, improve our payment solutions as well as our financial flexibility, a pre-requisite for us to deliver on our business plan.

In the meantime, the Company pursues its efforts to close the previously announced private placement to finance the acquisition of VoxTel and its commercialization efforts", 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 June 30, 2016 at www.sedar.com

Forward-Looking Statements Disclaimer

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.

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