Datamark Systems Group Inc.
TSX : DMK

Datamark Systems Group Inc.

March 06, 2007 14:57 ET

Datamark Systems Group Inc. Announces Results for Fourth Quarter and Year Ended December 31, 2006

MONTREAL, QUEBEC--(CCNMatthews - March 6, 2007) - Datamark Systems Group Inc. (TSX:DMK). Consolidated sales for the fourth quarter ended December 31, 2006 were $27,357,864 compared to $29,259,675 in the fourth quarter of 2005. In the fourth quarter of 2005, sales were positively impacted by a major printing contract for Elections Canada. Consolidated sales for the year ended December 31, 2006 were $106,779,635 compared to $112,467,601 in 2005. This decline mainly reflects lower sales of both traditional business forms and carbonized airline tickets.

Net earnings for the fourth quarter were $561,948 ($0.04 basic earnings per share) compared to $1,373,867 ($0.11 basic earnings per share) for the same period in 2005. Net earnings for the year ended December 31, 2006 were $971,242 ($0.08 basic earnings per share) compared to $3,408,288 ($0.28 basic earnings per share) for the same period last year. Earnings for the year ended December 31, 2006 were negatively impacted by stock based compensation of $819,733 and a retirement allowance of $700,296 for a senior executive who retired during the year.

The market for many of our products and services, particularly our traditional printed products, remains very competitive and demand for certain types of business forms and labels is increasingly being met through electronic versions. In this environment, we are focused on the expansion of our service offering and increasing our sales and marketing resources towards growing our customer base in integrated document management.

Datamark Systems Group Inc. is dedicated to providing efficient and innovative document Management solutions. The company's operating divisions and subsidiaries, Datamark Systems, Proforms and Les Impressions Intra-Media Inc. provide a full range of products and services including forms, labels, airline products and short and long run commercial printing. Document management services encompass warehousing and distribution as well as customized inventory and cost reporting. Datamark Systems Group Inc.'s plants and distribution centers are in Quebec, Ontario, Manitoba and Alberta. Datamark Systems Group Inc. is listed on the Toronto Stock Exchange under the symbol DMK.

Contact Information

  • Datamark Systems Group Inc.
    Jeffrey Zunenshine
    President
    450-663-7878, Ext.410