SOURCE: CYBERSURF CORP.

November 29, 2006 18:00 ET

Cybersurf Corp. Announces Results for Three-Month Interim Period Ended September 30, 2006

CALGARY, AB -- (MARKET WIRE) -- November 29, 2006 -- Cybersurf Corp. (TSX-V: CY) ("Cybersurf"), one of Canada's leading Internet technology and service companies, today reported financial results for the three-month interim period ending September 30, 2006, being the first quarter of Cybersurf's fiscal year 2007.

The Company's financial results for the first quarter of fiscal 2007 indicate a significant increase in gross revenues. Cybersurf's consolidated operating revenues increased 13% to $4,384,624 for the first quarter of fiscal year 2007 compared to $3,893,324 for the first quarter of fiscal 2006. The consolidated net loss for the quarter ended September 30, 2006 was $123,895 compared to $97,926 in the quarter ended September 30, 2005.

Q1 Fiscal 2007 Highlights
Local Phone revenues increased 75% when compared to the fourth quarter of
2006;
+ 29% increase in Broadband Internet services from Q1 of fiscal 2006; and,
+ 13% increase in overall operating revenues.

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               YEAR TO DATE FINANCIAL SUMMARY
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                        3 months ended      3 months ended
                      September 30, 2006   September 30, 2005
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Operating Revenue         $4,384,624         $3,893,324
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Earnings/(Loss)            ($123,895)          ($97,926)
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Earnings/(Loss) per Share     ($0.00)            ($0.00)
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A complete copy of the Company's Consolidated Financial Statements and of the Company's Management Discussion and Analysis of Financial Condition and Results of Operations for the first quarter of fiscal 2007 are available on the Internet at www.sedar.com.

About Cybersurf Corp.

Cybersurf is an independent Internet and communications company providing consumers in the United States and Canada with a value-driven alternative to large incumbent carriers. Cybersurf prides itself on providing the highest possible quality of services at the lowest possible prices and is one of Canada's largest independent Internet service providers.

Cybersurf believes consumers want 'The Freedom of Choice' that comes with having a truly independent provider as an alternative to larger incumbent telephone companies or cable carriers -- a choice that allows users to connect to the Internet how they want and with an independent provider that focuses on the needs of today's average user by providing quality service at the best possible price. Cybersurf is that choice.

For more information about Cybersurf, please visit www.cybersurf.com or www.cia.com, contact Paul Mercia, President and CEO at (403) 777-2222, ext. 262 or email investor.relations@cybersurf.com.

Cybersurf's common shares trade on the TSX Venture Exchange under the trading symbol "CY."

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

Forward-Looking Statements:

This news release may contain certain forward-looking statements. All statements, other than statements of historical fact, included herein, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and Cybersurf does not undertake an obligation to update forward-looking statements should conditions or management's estimates or opinions change.

Contact Information

  • Contact:

    Cybersurf Corp.
    300, 1144 - 29 Avenue NE
    Calgary, AB
    T2E 7P1
    Ph: 403.777.2000
    Fax: 403.777.2003
    www.cybersurf.com